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Phillips to Offer Coveted No. 1 Stainless Steel Patek Philippe 1518 August 27, 2025 (0 comments)
GENEVA, Switzerland--Phillips with Bacs & Russo will offer the first watch to break the $10 million price barrier: the stainless-steel Patek Philippe reference 1518.
It is one of the highlights of the upcoming Phillips "Decade One (2015-2025) Auction” in Geneva to be held November 8 and 9. Its estimate is CHF 8 million – 16 million ($9.9 million - $19.9 million).
Introduced in 1941, it was the world’s first perpetual calendar chronograph watch, Phillips auction house said in a statement. Believed to be one of only four known examples in steel, this watch last appeared on the market in November 2016 during the Phillips “Geneva Watch Auction: FOUR” auction, where it sold for more than CHF 11 million, which at the time was the most expensive watch sold at auction and the first to break the eight-figure barrier. It is still the most expensive vintage Patek Philippe watch ever sold at auction.
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