The world of haute horology is about to witness a new record: a rare Patek Philippe Ref. 1518 from 1943 could become the most expensive wristwatch ever sold, with an estimated value of over $20 million.
On the list of the 50 greatest watches of all time, the Patek Philippe Ref. 1518 already holds a prominent place, ahead of icons such as the Rolex GMT-Master and the Cartier Crash. Produced between 1941 and 1954, this model was the first serially produced chronograph with a perpetual calendar – a milestone in watchmaking history.
With only 281 pieces produced, the 1518 is already a rarity, but this specific version is even more exclusive: only four units were made in stainless steel with a bracelet, making it a true “holy grail” for collectors.
We can surpass the world’s most important watches
If we exclude charity auctions, where prices can be inflated, this Patek Philippe 1518 has everything to become the most expensive wristwatch in history, surpassing the $17.8 million paid for Paul Newman’s Rolex Daytona in 2017.
To get an idea of its value appreciation, the same watch was auctioned in Geneva in 2016 for $11.5 million. Now, it is listed for private sale by the Monaco Legend Group instead of going to auction, which could ensure an even more strategic negotiation.
The most desired watch among collectors
The prestige of the Patek Philippe Ref. 1518 is not only due to its exclusivity but also to its impressive provenance. This model has passed through the hands of major figures in the industry, such as Gerolamo Etro, Helmut Crott, Davide Parmegiani, and John Goldberger (Auro Montanari). Additionally, it has been featured in major publications, solidifying itself as one of the most valuable pieces in vintage watchmaking.
The future of the luxury watch market
The high-end watch market has seen impressive value appreciation in recent years, and models like the Patek Philippe 1518 continue to break records. The decision to sell it privately could be a smart move, as auctions, while exciting, can bring unpredictable results.
Whatever the outcome of this sale, one thing is certain: the Patek Philippe Ref. 1518 remains one of the most desired and important watches in the world, and its story is far from over.
Source: LuxuryLaunches. This content was created with the help of AI and reviewed by the editorial team.
