Thursday, April 20, 2017

Patek Philippe 1579 Watch Auction Price

Patek Philippe 1579 is estimated at SFr100,000 to SFr200,000. It last sold for SFr219,000 at Christie’s in 2012.The ref. 1579 chronograph “spider lugs” in pink gold retailed by Serpico y Laino and fitted to a Gay Frères bracelet.

This Patek Philippe ref. 1579 was sold by Serpico y Laino in 1950, with the hallmarks “S&L” on the case back and “S.yL.” on the bracelet. Interestingly, the production numbers on the bracelet date it to 1954, implying that the original owner acquired it subsequently as an addition to the watch.

The Patek Philippe ref. 1579 is nicknamed anse a ragno, or “spider lugs”, after its facetted and angled lugs. Because of their shape the lugs tend to lose definition over time, from wear or polishing. Most specimens of the ref. 1579 look slightly tired.Similarly, the two-tone dial is clean and crisp. There’s notably minimal wear around the centre holes of each of the hands, something that’s often encountered on vintage watches when hands are repeated removed for servicing.

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