Ultra-rare ‘Pink-on-Pink’ Patek watch expected to fetch dizzying sum
Published on May 11, 2023 at 6:30 PM (UTC+4)
by Alessandro Renesis
Last updated on May 16, 2023 at 11:39 AM (UTC+4)
Edited by
Kate Bain
This one-of-a-kind Patek Philippe is over 80 years old but, as you can see, it aged just like fine wine.
It is currently being offered at auction through RM Sotheby’s and the price is mind-blowing.
READ MORE: These unique Patek Philippe pieces look ‘alive’, and they’re all made by hand
The watch in question is rarer-than-rare Patek Philippe Ref. 1518, the world’s first perpetual calendar chronograph.
Only 281 units were made in total and 15 of these were cased in pink gold with a salmon pink gold dial, hence the moniker Pink-on-Pink.
Even more importantly, as RM Sotheby’s correctly points out, this is the first time a Patek Philippe Ref. 1518 ‘Pink-on-Pink’ has been offered since first being sold in 1947.
A similar model, albeit with a slightly different dial, was previously sold in 2021.
It used to belong to Prince Mohammed Tewfik A. Toussoun of Egypt and it ended up selling for $9.6 million – nearly four times the pre-auction estimate of around $2 million.
Speaking of which, RM Sotheby’s auctioneers are being rather conservative when it comes to the pre-sale estimate for this particular watch.
According to RM Sotheby’s, this timepiece could end up fetching $5.4 million.
You can buy one a Bugatti Chiron and a Brabus Mercedes-AMG G-Wagen for that price.
The gavel will fall on June 9 in New York City.
We’ll keep you posted with the auction result.
Alessandro is an automotive journalist with 10 years of experience covering supercars, automotive history, emerging vehicle technology, and luxury transportation. He wrote the first article published on SupercarBlondie.com when the website launched in 2022 and has since built a reputation for insightful reporting across the automotive and transportation industries. His expertise is grounded in hands-on experience. Alessandro has driven every Tesla model ever produced, from the original Roadster to the Cybertruck, and regularly covers the latest developments in electric vehicles and automotive innovation. His passion for transportation extends beyond cars, he has even flown a Boeing 787 Dreamliner simulator in Addis Ababa, Ethiopia. His reporting spans everything from classic American muscle cars and rare automotive discoveries to luxury yachts, private aircraft, high-end watches, and cutting-edge vehicle technology. Known for his deep knowledge of automotive history and ability to uncover the stories behind iconic vehicles, Alessandro brings readers a blend of historical context, technical expertise, and first-hand experience.
