Patek Philippe 2524/1 minute repeater Tiffany & Co @ Sotheby's

Patek Philippe 2524 Tiffany & Co Minute Repeater

LOT 158: The first auction was the centerpiece of the sale; this minute repeater signed "Patek Philippe for Tiffany & Co". This watch is special because it is the first known reference produced by the jeweler from New York, and also because it features an uncommonly sized repeater control. In addition, this movement was manufactured in 1954 but was cased-up in 1961.

There probably are no more than 50 existing copies of the reference 2524/1 launched in 1955 and produced until the end of the 60's. Finally, the model originally featured a seconds sub-dial, but this piece is one of five which don't.

This custom piece ordered by a businessman from New-York had all it takes to exceed its highest estimated price (350,000 CHF), and it has been the case,  with a hammer price of 542,500 CHF.

Patek Philippe 2524/1 minute repeater Tiffany & Co

Estimation : 250,000 - 350,000 CHF

Final Bid 13 november 2012 @ Sotheby’s Geneva : 542,500 CHF