Patek Philippe 1518

Description: The Patek 1518 is currently the worlds most expensive wristwatch ever sold at auction. It sold for approximately $11 million at Philips Auction house on November 13, 2016. There were 281 total 1518 Patek Philippe's made in 1941 and only 4 of them were made in steel composition. The majority of them were made in yellow gold and about 40 of them in rose gold. A few were also made in platinum.   The yellow gold versions currently sell for about $400,000 to about 1.5 million depending on condition. Their original price tag for the steel version in the 1940's was $2,265. That's a 485,551% increase in 65 years or an average of 7,470% increase a year. The example that sold in 2016 has Case # 508473  and had the number "1" inside the case back, indicating it is the first watch produced from the four known steel watches for the 1518 model. This is the first time this specific example has sold at auction. It can be traced back to 1943 when it was originally made. It was then sold to Joseph Lang in 1944 in Hungary. The watch resurfaced in 2007 and was owned by Alfredo Paramico.   Pedigree:

  • Joseph Lang 1944
  • Appeared in a German Trade Show 1990's
  • Davide Parmegianei 1994-1995
  • Italian Collector
  • Alfredo Paramico
  • Christie's
  • Australian Collector 2007
  • Phillip's Auction House November, 2016

           Patek Philippe 1518 Increased 485,551% in 61 Years

Patek Philippe 1518 Historical Prices   Timekeeper with 7 Complications Patek Philippe & Cie, Genve, No. 867377, case No. 652361, Ref. 1518, 1st series. Production of this reference started in 1941. Very fine and rare astronomic 18 carat yellow gold gentleman's wristwatch with perpetual calendar, moon phases, square button chronograph, register and tachometer, with an 18 carat yellow gold Patek Philippe buckle. Accompanied by an Extract from the Archives.

Value: As a rough estimate of this watches value you can assume this watch in average condition will be valued at somewhere around $288,866.29, while one in mint condition could be worth as much as $1,433,500.00 at auction. This price does not reference any standard watch grading scale. So when we say average, we mean in a similar condition to other watches issued, and original mint condition it still contains original box and paperwork.

  • Specifications:
  • Brand: Patek Philippe
  • Model No.: 1518
  • Case No.: 652361
  • Item No.: 867377
  • Year: 1941

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Auction

Year Made Watch Composition Price Sold Date Sold Website Lot #
$322,000.00 12/10/2015 sothebys
$245,000.00 12/10/2014 sothebys
$221,188.80 11/12/2013 sothebys
$794,500.00 04/10/2013 antiquorum
$197,500.00 04/10/2013 antiquorum
$280,651.15 11/11/2012 antiquorum
$326,500.00 06/14/2012 sothebys
$236,500.00 12/06/2011 sothebys
$360,586.60 11/13/2011 antiquorum
$711,723.80 10/06/2011 sothebys
$302,500.00 04/13/2011 sothebys
$282,000.00 06/10/2010 antiquorum
$395,866.80 03/20/2010 antiquorum
$154,270.14 05/10/2009 antiquorum
$210,072.00 03/29/2009 antiquorum
$1,155,014.40 11/16/2008 antiquorum
$245,296.01 10/15/2006 antiquorum
$215,150.00 06/14/2006 antiquorum
$340,134.84 05/16/2006 sothebys
$146,258.19 05/14/2006 antiquorum
$353,833.77 10/16/2005 antiquorum
$175,500.00 06/15/2005 antiquorum
$162,547.69 05/15/2005 antiquorum
$402,250.00 12/01/2004 antiquorum
$220,308.06 11/14/2004 antiquorum
$203,421.02 10/24/2004 antiquorum
$211,500.00 03/24/2004 antiquorum
$443,500.00 10/11/2003 antiquorum
$245,500.00 06/14/2003 antiquorum
$132,300.00 12/04/2002 antiquorum
$476,500.00 10/19/2002 antiquorum
$221,162.25 06/08/2002 antiquorum
$421,500.00 04/13/2002 antiquorum
$168,500.00 11/11/2001 antiquorum
$922,000.00 06/08/2001 antiquorum
$212,500.00 03/31/2001 antiquorum
$251,000.00 11/19/2000 antiquorum
$245,500.00 11/19/2000 antiquorum
$157,500.00 11/19/2000 antiquorum
$1,433,500.00 10/15/2000 antiquorum
$311,500.00 04/02/2000 antiquorum
$135,500.00 04/02/2000 antiquorum
$135,500.00 04/02/2000 antiquorum
$223,500.00 11/14/1999 antiquorum
$130,000.00 10/23/1999 antiquorum
$73,600.00 06/10/1993 antiquorum
$72,105.00 04/25/1993 antiquorum
$86,250.00 10/17/1992 antiquorum
$78,625.50 05/24/1992 antiquorum
$94,875.00 04/11/1992 antiquorum
$570,405.00 05/26/1991 antiquorum
$132,503.81 12/15/1990 antiquorum
$132,503.81 12/15/1990 antiquorum
$167,425.00 10/14/1990 antiquorum
$159,285.00 10/14/1990 antiquorum
$76,544.00 05/27/1990 antiquorum
$173,530.00 02/25/1990 antiquorum
$83,990.00 02/25/1990 antiquorum
$148,950.00 10/15/1989 antiquorum
$142,350.00 10/15/1989 antiquorum
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