This Watch Just Sold For £1.7m - And Here's Why

The Patek Philippe 2499 is a very special timepiece indeed

Exciting / envy-inducing news from the Phillips Hong Kong Watch Auction, where after a tense 30 minute bidding war one unnamed gazillionaire walked off with a rose gold Patek Philippe. 

The price? A cool HK$19,720,000 – or £1,756,911 in Her Majesty's currency.

So what's so special about the Patek Philippe reference 2499? Well aside from looking the business and – y'know – being made by Patek Philippe, the timepiece is extremely rare.

Advertisement - Continue Reading Below

The model was in production between 1951 and 1988, a period that yielded only 349 (Eric Clapton has one of them) of which a tiny amount again were made of rose gold. In fact, only five watches that resemble the 2499 are known in the world, making this a very special piece of horology indeed.

This possibly unique #PatekPhilippe Ref #2499 just sold in our #HongKong Watch Auction: TWO sale for US $2,538,430.

A photo posted by Phillips Watches (@phillipswatches) on

What do you think?

Common Projects Chelsea Boots
Shoes
Share
An Expert Guide To Choosing Your Perfect Autumn/Winter Boots
​The 5 classic boot styles you need to know about for Autumn ​
Style
Share
Tom Hiddleston Looks Ridiculously Dapper In The New Gucci Tailoring Campaign
No vests allowed
Fashion
Share
Four Trends You Need To Shop From Polo Ralph Lauren's New London Store
They've opened their doors to London — and fit right in​
iPhone 7
Gear
Share
The Brilliant Tip That Makes Any iPhone Run 10 Times Faster
And it only takes 10 seconds
Gear
Share
Ten Great 1990s Supercars You Totally Forgot
Only 1990s kids will remember these supercars
David Bowie
Fashion
Share
The 10 Commandments Of Wearing A Suit
The sacrosanct​rules that will help you get the most out of your tailoring​
Fashion
Share
Esquire Edit: The Best of John Lewis' New PRESENTING Collection
The department store demonstrates how the high street is still a great place for new designers
Shoes
Share
Adidas' Newest High-Tech Sneaker Is A Thing Of Beauty
Introducing the Futurecraft M.F.G.
Burberry show
Fashion
Share
Welcome To The Burberry Revolution
​How one of the biggest names in menswear just changed the fashion game for good​
Nike Hyper Adapt
Shoes
Share
Nike's Self-Tying Trainers Finally Have A Release Date
​They're not the Air MAGs, though, unfortunately​​