Patek Philippe. An extremely fine and rare 18k gold oversize chronograph wristwatch with original gu
Lot 232
Patek Philippe. An extremely fine and rare 18k gold oversize chronograph wristwatch with original guarantee and purchase receipt Ref.530, Movement No.868'586, Case No.513'038, sold in 1954
Sold for US$ 264,000 inc. premium
Auction Details
Patek Philippe. An extremely fine and rare 18k gold oversize chronograph wristwatch with original guarantee and purchase receipt Ref.530, Case No.513038, Movement No.868586, sold in 1954 Patek Philippe. An extremely fine and rare 18k gold oversize chronograph wristwatch with original guarantee and purchase receipt Ref.530, Case No.513038, Movement No.868586, sold in 1954 Patek Philippe. An extremely fine and rare 18k gold oversize chronograph wristwatch with original guarantee and purchase receipt Ref.530, Case No.513038, Movement No.868586, sold in 1954 Patek Philippe. An extremely fine and rare 18k gold oversize chronograph wristwatch with original gu Patek Philippe. An extremely fine and rare 18k gold oversize chronograph wristwatch with original gu
Lot Details
Patek Philippe. An extremely fine and rare 18k gold oversize chronograph wristwatch with original guarantee and purchase receipt
Ref.530, Movement No.868'586, Case No.513'038, sold in 1954
Cal. 13 lignes, rhodium plated 23 jewel movement with eight adjustments, overcoil hairspring and 'whiplash' regulation, silvered dial with applied gold baton markers and Roman numerals, baton hands, subsidiary dials for constant seconds and 30 minute register, outer tachometric scale, oversize 18k gold case with rectangular chronograph buttons, on brown strap with original European 18k gold Patek Philippe buckle, case, dial and movement signed, with original numbered certificate of origin dated Geneve November 15, 1954 and purchase receipt from Patek Philippe Geneve at 22 Grand Quai for Fr.1420-($332-) dated November 15, 1954

diameter 36.5mm.

Footnotes

  • The Ref.530 is one of the largest, rarest and most desirable chronograph examples made by Patek Philippe. Based on the classic reference 130 chronograph which was inspired by the popular Calatrava model, the 530 varied from its predecessor because of its oversized 36.5mm case; an impressive 4mm larger.

    Launched in 1938 with a 13 lignes movement, it was available until the mid 1950s in yellow gold, rose gold and rarely stainless steel with either 19mm or 20mm lug width.

    The example provides the collector with an opportunity to purchase one of the finest examples of a yellow gold 530 to be offered at auction, completed with the original dated certificate and a rarely seen purchase receipt.

    This watch was originally purchased by Mr Theodore Zoli (1902-1998), an entrepreneurial businessman who had immigrated to New York in 1911 at a young age from Bologna, Italy. Mr Zoli demonstrated a flare for business starting a soda company and eventually becoming a general contractor building many miles of what has became known as the Adirondack Northway in New York State. He rose to become the regional President of the New York Association of General Contractors (AGC).

    To show appreciation to his workers, Mr Zoli would take his foremen back to their ancestral or birth homes most often in Italy or Spain. On one of these trips in 1954, he stopped in Geneva to purchase two Patek Philippe wristwatches; a reference 530 for himself and a reference 130 for his partner.

    It is interesting to note at the time the reference 130 purchased cost Fr.1,320- ($308-)
Auction information

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