Patek Philippe Ref.2592 18ct 1966

Patek Philippe

Simply the finest watch money can buy.

Even today, Patek Philippe’s extraordinary care and commitment towards perfection means it takes almost year to manufacture even its simplest watch movement.

Significant moments in watchmaking since 1839 …

– 1839 Antoine Patek began producing about 200 high-quality pocket watches per year
– 1845 Patek & Co. Partnership founded in Geneva with Jean Adrien Philippe, Technical Director
– 1846 Tiffany & Co. New York, Tiffany appoints Patek Philippe as its principal supplier of pocket watches
– 1857 Universal Exposition, London, Queen Victoria and Prince Albert buy a timepiece, shooting Patek to international fame
– 1867 the company produces the world’s first wristwatch
– 1927 the company produces the world’s first perpetual calendar wristwatch
– 1941 the company produces the world’s first perpetual calendar chronograph wristwatch
– 1962 the company produces the world’s first automatic, perpetual calendar wristwatch

It is said that fewer than 1 million Patek Philippe watches have been made since the first watch was completed in 1839. That is fewer than some high-end Swiss manufacturers (notably Rolex) produce in one year. In fact, the company limits itself to producing less than 50,000 watches per year, even though it is estimated by watch market analysts, the company could sell ten times this figure. Patek production is so detailed, it takes almost a year to complete its most basic watch and more than two years to produce some of the more complicated timepieces.

Patek’s vintage complications hold more world record prices at auction than any other brand. Landmark models include the model ref. 1518; the world’s first serially produced perpetual calendar chronograph and its successor, the model ref. 2499. Other famous models include perpetual calendars such as the model refs. 1526, ref. 3448 and 3450.

We, of course, associate Patek Philippe with the very best, but particularly, the understated elegance, craftsmanship, heritage, exquisite design, perfection and total confidence and commitment in everything it does.

Description

A wonderful completely original, unrestored and untouched 18ct yellow gold Patek Philippe from 1966. This watch carries the wondeful flying lugs which we feel gives this watch beautiful presence when on the wrist.

At 32mm in diameter, excluding the correct signed crown, this was a typical sized gentleman dress watch in period. However today, given the popularity among ladies to wear gent’s watches, this could equally be considered a suitable watch for a lady.

The Dial

Although this watch is almost 60 years old, the dial design is so elegant it could easily be mistaken for a contemporary watch today.

The original, unrestored and untouched ivory-cream dial looks incredible, with original gold ‘index’ hands and black ‘baton’ hour indices.  So simple, yet so pleasing. No more, no less, but so well balanced, beautifully proportioned and simply executed to perfection. In harmony with its watch case, the dial suggests pure class, simple elegance, quality and confidence.

This watch is simply signed with ‘Patek Philippe Geneve’ just below 12 and ‘Swiss Made’ at the very bottom of the dial below 6, keeping the simplicity of the dial.

Usually, we restore the dials of the watches we sell, however, we decided in this case due to its exceptional condition, to retain its originality and charm for the many collectors who prefer this. It also helps to contrast with most of the other watch dials you see on our website, which have been restored.

Please note, studio lights, professional-grade digital cameras, and macro lenses can be very unkind to an unrestored vintage watch dial. Also the dial here measures less than 1.25 inches across, so the image you’re seeing may be between 5 – 25 times larger than the watch itself. Therefore please keep in mind you are seeing many tiny flaws which cannot be seen, or will be very hard to see with the naked eye, even under close examination. Suffice to say, on the wrist, in natural light, this dial looks much better and carries a great deal more charm than the photographs portray.

Movement

Here we have the original Patek Philippe Cal.23-300,  18 jewels, Geneva Seal hallmarked, Gyromax balance, free-sprung regulator, ‘amagnetic’ nickel-finished lever movement with a power reserve of 44 hrs.

As can be seen, this movement is in spectacular condition. The Geneva wave finishing on the bridge and plates and the bevelled edging throughout was all applied by hand 50 years ago and looks as beautifully bright and fresh today as one could ever wish. This movement is in A1 condition indicating this watch has been properly cared for and regularly serviced.

The movement has been fully overhauled and serviced by a Master Watchmaker. This means dismantling the movement to each of its component parts, careful inspection under high magnification, replacement where necessary with only genuine parts, then careful reassembly and adjustment, before final calibration in 5 positions. The movement winds sets and runs accurately and reliably and at final testing and calibration, it was running within +3 seconds per day, averaged over 5 positions. This is outstanding for any watch of this age. We are therefore highly confident in offering our 12-month warranty* with this watch.

The movement is all correctly signed, ‘Patek Philippe & Co.’, ‘Geneve’ and ‘Swiss’, with the Calibre number 23-300 and the movement serial number 788735 which dates this watch to 1966.

*Please note – our 12 months’ warranty is only applicable if the full list price is paid.

The Case

Patek Philippe watches have always been conservatively sized. The Patek Philippe model ref 2592 here measures just 7mm in depth including the lens. This is remarkably thin when one considers this includes the case-back, case, movement, dial and lens. It is the most commercially successful, high-quality ultra-fine watch ever produced.

The condition of the two-piece case is outstanding, indicating the watch has seen only light and careful use. It is as sturdy and tight as the day it was made, with all parts pressing together with a very firm click. There are no scratches, other marks, or signs of wear visible to the naked eye.

Inside the case, the case-back is signed correctly and as expected: ‘Patek Philippe & Co.’, ‘Geneve’, ‘Swiss’, with Swiss 18ct hallmarks, the case serial number 2621739 and the Patek Philippe Model Reference number 2592.

The Strap and Buckle

The watch is fitted with a high-quality black crocodile calf strap, with a solid 18ct yellow gold Patek Philippe buckle. However, if a different colour or style of strap is preferred, please let us know and we will do our best to oblige free of charge. We carry tan, conker, dark brown and black straps in stock in plain padded leather, crocodile skin or lizard skin. We can also obtain most types and colours from our partners at ‘Watch Obsession’ within 48hrs.

The Box and Papers

Although there are no original papers with this watch, the reference numbers, markings, signatures and hallmarks are all correct, dating this watch to 1966.

Detailed particulars will be included with our purchase receipt for your interest and security. A separate insurance valuation for the replacement value of this watch will also be provided at the time of sale along with our unique ‘Lifetime Authenticity Guarantee’ which states: “If this watch proves to be anything less than 100% genuine, authentic and original, a full refund will be given at any time”.

This watch comes complete with an original Patek Philippe presentation box as shown in the photographs.

Payment and Delivery

If you would like to pay by bank transfer, we will be pleased to assist you with this. Similarly, if you wish to pay by International SWIFT or Bank Wire Transfer we will provide you with our BIC / Swift number and our IBAN number.

Please check the import duties and any taxes your government may apply, these are different for each country and, unfortunately, out of our control.

We understand there may be some ‘loopholes’ that may help you avoid these charges; however, attempting to use these could impact our ongoing ability to serve our growing international customer base.

For those who happen to visit London on occasion, we are, of course, more than happy to store your watch until we can meet you in our offices in Kensington, London, and hand your watch directly to you there.

As with all our watches, this watch will be sold under our 14 days no-quibble sale or return policy.