THE ROYAL OAK 50TH [catalogue]

The Royal Oak 50th Geneva / 6 May 2022

The Royal Oak 50th Geneva / 6 May 2022

Lot 1

Lot 2

Lot 3

Lot 4

From 1972...

Reference No. 15100ST Lot 5

Reference No. 4100BC Lot 10

Reference No. 14802PT

Lot 6

Reference No. 15000TR Lot 11

Reference No. 56323BA

Reference No. 26136ST Lot 7

Reference No. 25654BA Lot 12

Reference No. 14790ST

Reference No. 14802BA Lot 8

Reference No. 5402ST Lot 13

Reference No. 26603ST

Reference No. 25654ST Lot 9

Reference No. 15128ST Lot 14

Reference No. 15310PT

Lot 15

Reference No. 25636PT Lot 20

Reference No. 25820ST Lot 25

Reference No. 25595BC Lot 30

Reference No. 25831ST Lot 35

Reference No. 14812BA

Lot 16

Reference No. 25860IS Lot 21

Reference No. 25829SP Lot 26

Reference No. 14332BC Lot 31

Reference No. 4100BA Lot 36

Reference No. 25686OR

Lot 17

Reference No. 25686PT Lot 22

Reference No. 14802ST Lot 27

Reference No. 25865ST Lot 32

Reference No. 5402ST Lot 37

Reference No. 66240BA

Lot 18

Reference No. 56175TT Lot 23

Reference No. 15189ST Lot 28

Reference No. 14544BC Lot 33

Reference No. 25829TP Lot 38

Reference No. 14701BC

Lot 19

Reference No. 25572ST Lot 24

Reference No. 25654BA Lot 29

Reference No. 25860ST Lot 34

Reference No. 15002ST Lot 39

Reference No. 5402ST

Lot 40

Reference No. 25654PT Lot 45

Reference No. 26120OR Lot 50

Reference No. 5402ST Lot 55

Reference No. 14544BA Lot 61

Reference No. 25654ST

Lot 41

Reference No. 15305ST Lot 46

Reference No. 5402BC Lot 51

Reference No. 25654ST Lot 57

Reference No. 26603OR Lot 62

Reference No. 25860ST

Lot 42

Reference No. 25636SP Lot 47

Reference No. 25686PR Lot 52

Reference No. 5402ST Lot 58

Reference No. 66476BC Lot 63

Reference No. 25636ST

Lot 43

Reference No. 25960OR Lot 48

Reference No. 67077BA Lot 53

Reference No. 4100SA Lot 59

Reference No. 14802ST Lot 64

Reference No. 56343BC

Lot 44

Reference No. 25820ST Lot 49

Reference No. 14790ST Lot 54

Reference No. 5554ST Lot 60

Reference No. 14790BC Lot 65

Reference No. 25820SP

Lot 66

Reference No. 14802BA Lot 71

Reference No. 15202BC Lot 76

Reference No. 25977ST Lot 81

Reference No. 14790ST Lot 86

Lot 67

Reference No. 26579CE Lot 72

Reference No. 25659BA Lot 77

Reference No. 25810OR Lot 82

Reference No. 15002BA Lot 87

Lot 68

Reference No. 25990BC Lot 73

Reference No. 26022OR Lot 78

Reference No. 25730OR Lot 83

Reference No. 25820PT

Lot 69

Reference No. 25800ST Lot 74

Reference No. 15202IP Lot 79

Reference No. 14802ST Lot 84

Reference No. 15202BC

Lot 88

...to 2022

Reference No. 25820ST

Reference No. 56431BC

Reference No. 5402ST

Lot 70

Reference No. 14700ST Lot 75

Reference No. 56603BC Lot 80

Reference No. 25829ST Lot 85

Reference No. 26518ST

Scan the QR codes to find more info online

1 2 3

Open the camera on your smart phone.

The Royal Oak 50th Geneva / 6 May 2022

Hold the camera over the QR code briefly.

159753 LOT1 A pop-up window should appear linking you to content and information regarding the specific work.

43 Audemars Piguet *Some phones may require a separate application to support QR codes.

The Royal Oak 50th Geneva / 6 May 2022

Sale information

Watch Department, Geneva

Geneva, 6 May 2022, preceding Geneva Watch Auction XV

Senior Consultants

Auction & Viewing Location

Aurel Bacs +41 22 317 8188 abacs@phillipsbacsrusso.com

La Réserve 301, Route de Lausanne 1293 Bellevue, Switzerland

Livia Russo +41 22 317 8188 lrusso@phillipsbacsrusso.com

Auction

Client Relations Manager at Bacs & Russo

Friday, 6 May 2022, 2pm Please register to bid online, absentee or by phone.

Clara Kessi +41 22 317 8188 ckessi@phillipsbacsrusso.com

Under the aegis of

Administrative Assistant at Bacs & Russo

Maître Tristan Reymond, Huissier Judiciaire

Athena Bras +41 22 317 9665 abras@phillipsbacsrusso.com

Viewing

Head of Watches, Continental Europe and Middle East

Wednesday, 4 May, 2pm–8pm Thursday, 5 May, 10am–7pm Friday, 6 May, 9am–12:30pm

Alexandre Ghotbi +41 22 317 8189 aghotbi@phillips.com

Sale Designation

Specialist, Head of Sale

When sending in written bids or making enquiries please refer to this sale as CH080222 or The Royal Oak 50th.

Virginie Liatard-Roessli +41 22 317 8182 vliatard@phillips.com

Absentee and Telephone Bids Tel +41 22 317 8181 Fax +41 22 317 8180 bidsgeneva@phillips.com

Head of Sale, Geneva Tiffany To +41 22 317 96 63 tto@phillips.com Specialist & Business Development Associate Marcello de Marco +41 22 317 81 81 mdemarco@phillips.com Associate Specialist Edoardo Bolla +41 79 552 73 68 ebolla@phillips.com

International Head of Digital Strategy Arthur Touchot +41 22 317 96 62 atouchot@phillips.com Digital Content Creator Dominik Teichert +41 22 317 96 67 dteichert@phillips.com International Business Director Myriam Christinaz +41 22 317 8184 mchristinaz@phillips.com Regional Director, Business Development Director Nathalie Monbaron +41 22 317 8183 nmonbaron@phillips.com Business Development Manager Diana Ortega +41 22 317 8187 dortega@phillips.com Senior Administrators Alexia Rinalducci +41 22 317 96 67 arinalducci@phillips.com Shipping & Office Coordinator Charles-Henri Gounod +41 79 532 0395 chgounod@phillips.com Watchmaker, Technical Support Nicolas Commergnat info@alliance-geneve.com Photographer Jess Hoffman contact@jesshoffman.ch Advisory Board Jean-Claude Biver Henry Chan Helmut Crott Ike Honigstock Stephen Charles Li David Lou TK Mak Auro Montanari Jason Singer Kenneth Wong

Our Team Watches Senior Executives Edward Dolman

Cheyenne Westphal

Stephen Brooks

Executive Chairman

Global Chairwoman

Chief Executive Officer

+1 212 940 1241 edolman@phillips.com

+44 20 7318 4044 cwestphal@phillips.com

+44 0 20 7318 4046 sbrooks@phillips.com

© Brigitte Lacombe

Senior Consultants Aurel Bacs

Livia Russo

Senior Consultant

Senior Consultant

+41 22 317 81 88 abacs@phillipsbacsrusso.com

+41 22 317 81 88 lrusso@phillipsbacsrusso.com

Executives David Norman

Jonathan Crockett

Jean-Paul Engelen

Chairman, Americas

Chairman, Asia, Head of 20th Century & Contemporary Art, Asia

President, Americas, Worldwide Co-Head of 20th Century & Contemporary Art

+1 212 940 1280 dnorman@phillips.com

+852 2318 2023 jcrockett@phillips.com

+1 212 940 1390 jpengelen@phillips.com

Hugues Joffre

Arnold Lehman

Jamie Niven

Senior Advisor to the CEO

Senior Advisor to the CEO

Senior Advisor to the CEO

+44 207 901 7923 hjoffre@phillips.com

+1 212 940 1385 alehman@phillips.com

+1 917 880 2532 jniven@phillips.com

Derek Collins Senior Consultant to Chairman’s Office, Asia +852 2318 2000 derekcollins@phillips.com

Deputy Chairmen & Chairwomen

Svetlana Marich

Robert Manley

Peter Sumner

Miety Heiden

Vanessa Hallett

Worldwide Deputy Chairman

Deputy Chairman, Worldwide Co-Head of 20th Century & Contemporary Art

Deputy Chairman, Europe, Senior International Specialist, 20th Century & Contemporary Art

Deputy Chairwoman, Head of Private Sales

Deputy Chairwoman, Americas, Worldwide Head of Photographs

+44 20 7318 4010 smarich@phillips.com

+1 212 940 1358 rmanley@phillips.com

+44 20 7901 7943 mheiden@phillips.com

+44 20 7318 4063 psumner@phillips.com

Vivian Pfeiffer

Marianne Hoet

Elizabeth Goldberg

Jeremiah Evarts

Deputy Chairman, Americas, Head of Business Development, Americas

Deputy Chairwoman, Europe, Senior Specialist, 20th Century & Contemporary Art

Deputy Chairwoman, Americas, Senior International Specialist, American Art

Deputy Chairman, Americas, Senior International Specialist, 20th Century & Contemporary Art

+1 212 940 1392 vpfeiffer@phillips.com

+32 3257 3026 mhoet@phillips.com

+1 212 940 1239 egoldberg@phillips.com

+1 917 304 4329 jevarts@phillips.com

+1 212 940 1243 vhallett@phillips.com

Bacs & Russo

Aurel Bacs

Livia Russo

Clara Kessi

Senior Consultant

Senior Consultant

Client Relations Manager

+41 22 317 81 88 abacs@phillipsbacsrusso.com

+41 22 317 81 88 lrusso@phillipsbacsrusso.com

+41 22 317 81 88 ckessi@phillipsbacsrusso.com

International Business Directors

Digital Marketing

Myriam Christinaz

Pansy Ku

Arthur Touchot

Dominik Teichert

International Business Director

International Business Development Director

International Head of Digital Strategy

Digital Content Coordinator

+41 22 317 81 84 mchristinaz@phillips.com

+33 1 53 71 77 89 pku@phillips.com

+41 22 317 96 62 atouchot@phillips.com

+41 22 317 96 67 dteichert@phillips.com

Geneva

Alexandre Ghotbi

Tiffany To

Virginie Liatard Roessli

Marcello de Marco

Edoardo Bolla

Head of Watches, Continental Europe and Middle East

Head of Sale, Senior International Specialist

Specialist

Specialist, Business Development Associate

Associate Specialist

+41 22 317 81 89 aghotbi@phillips.com

+41 22 317 96 63 tto@phillips.com

Nathalie Monbaron

Diana Ortega

Regional Director, Business Development Director

Business Development Manager

+41 22 317 81 83 nmonbaron@phillips.com

+41 22 317 81 87 dortega@phillips.com

+41 22 317 81 82 vliatard@phillips.com

+41 22 317 81 81 mdemarco@phillips.com

+41 79 552 73 68 ebolla@phillips.com

Hong Kong

Thomas Perazzi

Jill Chen

Zi Yong Ho

Shoyo Kawamura

Gertrude Wong

Head of Watches, Asia

Head of Watches, Hong Kong

Head of Sale, Specialist

Associate Specialist

Cataloguer/Designer

+852 2318 2030 thomasperazzi@phillips.com

+852 2318 2033 jillchen@phillips.com

+852 2318 2032 ziyongho@phillips.com

+852 2318 2035 shoyokawamura@phillips.com

+852 2318 2045 gertrudewong@phillips.com

China

Tokyo

Andy Zhang

Genki Sakamoto

Kaz Fujimoto

Cindy Yen

Zach Lu

Rika Dila

Director of Watches, China

Senior Specialist Consultant

Senior Consultant

General Manager, Taiwan

Consultant

Senior Consultant

+86 138 1882 7196 andyzhang@phillips.com

+81 3 6273 4818 gsakamoto@phillips.com

+81 3 6273 4818 kfujimoto@phillips.com

+886 963 135 449 cyen@phillips.com

+852 2318 2034 zacharylu@phillips.com

+66 818 186 878 rikadila@phillips.com

Paul Boutros

Doug Escribano

Geoff Hess

Isabella Proia

Melissa Dahl

Head of Watches, Americas International Strategy Advisor

Senior International Specialist

Senior International Specialist

Head of Sale, International Specialist

Sale and Business Development Manager

+1 212 940 1293 pboutros@phillips.com

+1 212 940 1382 describano@phillips.com

+1 917 297 6328 ghess@phillips.com

+1 212 940 1285 iproia@phillips.com

+1 212 940 1314 mdahl@phillips.com

Taiwan

Thailand

New York

London

James Marks

Christopher Youé

International Head of Perpetual

Specialist

+44 20 7901 7916 jmarks@phillips.com

+44 7778 143 563 cyoue@phillips.com

Welcome

By Alexandre Ghotbi and Virginie Liatard Roessli

Launched in 1972 at Basel Fair, Audemars Piguet's introduction of the Royal Oak marked the beginning of the luxury sports watch market as we know it today, causing an immediate sensation as the watch industry had never seen anything comparable before.

The Royal Oak can be considered as one of the most important and relevant watches in horological history as it invented a genre, there was a before and an after.

When we decided to hold a 50th anniversary auction for this incredible horological icon the goal was to offer 50 pieces spanning the 50 years of its history. However, as time went by, we accessed pieces whose rarity, relevance and diversity made them must haves and as such the 50-piece mark was rapidly abandoned.

The watches featured in this catalogue are the result of encounters, surprises and discoveries, some of which completely modified the scholarship on the Royal Oak.

Our months of work have resulted in this tightly curated sale of 87 of the finest, rarest and best-preserved Royal Oak wristwatches known to exist.

To the best of our knowledge never before have we seen or heard of an assembly of so many historically important, rare and in some instances unique Royal Oak models gathered on one place or shown to the public together.

We would like to thank the Audemars Piguet Patrimony Department for their invaluable time and help in researching the pieces we have on offer.

Alexandre Ghotbi Head of Watches, Continental Europe and Middle East

Virginie Liatard Roessli Head of Sale, Specialist

The Royal Oak

By Bill Prince

Time alone does not make an icon. It might offer us a narrative, but true creativity cannot be confined to a simple chronology.

Instead, the status of “icon” is conferred in the crucible of ideas, instincts and individual expertise that first impelled it into existence; and, in turn, the manner in which it has helped shape the world around it.

Resolute in its respect for fine watchmaking traditions yet radical in its use of materials, when presented at the Basel watch fair in 1972 the Royal Oak Model 5402ST’s refined yet angular case elevated for the very first time steel to the status of gold, whilst shielding Calibre 2121, then the world’s thinnest self-winding movement with date. It thus represented an entirely new form factor: the original sport chic watch, soon to be ordained as the perfect emblem of a new demi-monde.

Gérald Genta’s inimitable design drew unambiguously on his training as a jeweller. The sharply defined steel tonneau case, the rounded octagonal bezel secured with eight hexagonal screws –precisely framed by a finely tapered, perfectly integrated bracelet – clearly invoke elements of both Art Deco and Modernism. But in 1972, Audemars Piguet heralded an entirely new approach by offering a watch reflective of the more active lifestyles chosen by a new generation of customers, happy to privilege disruptive ideas over mere paeans to the past.

By 1972, the need to answer the siren call of this new cultural impetus was clear. For example, its echo could be heard in the radical proposal two young architects, Renzo Piano and Richard Rogers, had put forward for the Centre Pompidou (another radical reimagining of the role that steel would play in design, completed in 1976). It reverberated, too, in Yves Saint Laurent’s Rive Gauche prêt-à-porter (ready-to-wear) collections, in which the feted young designer revolutionised fashion and foreshadowed the blurring of gender stereotypes soon to be exemplified by the Royal Oak. Given the protean appeal of its bold design harnessed to the fine watchmaking traditions of the Vallée de Joux (where Audemars Piguet’s watchmakers continue to refine metiers handed down since its founding in Le Brassus in 1875), it is no surprise that the Royal Oak was adopted by many of the era’s pre-eminent style leaders. Gianni Agnelli, Alain Delon and the Duke of Kent are among those who would help propel the watch far beyond the remit of a wristwatch and into the cultural firmament, where it continues to serve as an indelible mark of sophistication 50 years after its birth.

Today, Audemars Piguet’s most populous collection represents a formidable display of technical and aesthetic diversity. Over the last 50 years, Gérald Genta’s original design has been joined

Courtesy AP Chronicles

by over 550 different models in numerous sizes and executions, equipped with a remarkable range of complications. And if the original Model 5402 represented a break with many of the archetypes underpinning watchmaking’s storied past, so its 50th anniversary offers us the chance to consider again the impact of a design that not only ushered in a new era in casual luxury, but reinforced many of the precepts by which fine mechanical watchmaking is judged today.

sheer variety of references on offer. It features a rich collection of Royal Oak models for women and for men spanning multiple decades, including, among many other references, a selection of Grandes Complications and tourbillons, as well as some of the first Royal Oak perpetual calendars everproduced.

This catalogue single-handedly tells the whole story of the Royal Oak and is a tribute to the innateability of Audemars Piguet’s icon to seemingly travel both backwards and forwards in time.

In the same way a Hermès Kelly bag or Porsche 911 enshrines a consideration for the founding principles of good design that never ages, so the Royal Oak serves in the front rank of those vanishingly few objects that not only reflect but represent their times. Little wonder, then, that its designer – when asked to reflect on the impact of his most famous creation – simply stated: “The masterpiece of my life.” For those who share Gérald Genta’s adjudication, the first auction to bring its story together opens a new chapter in the Royal Oak’s illustrious story.

Many of the watches offered here are reaching the open market for the first time since their original sale, such as the Royal Oak 5402ST number A2, which was presented at the Basel watch fair in 1972. This 50th anniversary sale represents one of the largest, most interesting and complete single assemblies of Royal Oak timepieces anywhere in the world, further distinguished by the

Bill Prince is a journalist and author of “Royal Oak: From Iconoclast to Icon (published by Assouline in September 2022).

For more information on the history of the Royal Oak, please visit the AP Chronicles: https://apchronicles.audemarspiguet.com/

1.

AUDEMARS PIGUET — A very rare stainless steel limited edition wristwatch made for the “Time for the Trees Foundation” with certificate and box

Manufacturer

Audemars Piguet

Year

1999

Reference No.

15100ST

Movement No.

478’584

Case No.

E20018

Model Name

Royal Oak “Time for the Trees”

Material

Stainless steel

Calibre

Automatic, cal 2225, 36 jewels

Bracelet/Strap

Stainless steel Audemars Piguet bracelet, max length 170mm

Clasp/Buckle

Stainless steel Audemars Piguet deployant clasp

Dimensions

36mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 15,000-25,000 $16,000-26,600 €14,500-24,200 Accessories Accompanied by Certificate of Origin dated 16 May 2000, Certificate of Authenticity, product literature, hang tag, fitted presentation box and outer packaging. Further accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

Very similar in all aspects with reference 14790, reference 15100 was a limited edition of 450 pieces in steel and 50 pieces in yellow gold, launched in 1999 for a very good cause. The rich blue dial features an oak tree engraved in the centre with the logo of the Audemars Piguet Foundation on the lower part. Part of the proceeds of the sale of this watch went to the Time For Trees initiative, a NGO dedicated in replanting millions of trees across the globe.

Presented in excellent overall condition the peculiarity of this model other than its limited edition is the dark blue dial featuring an oak tree blending with the signature grand tapisserie of the dial. At six o’clock one can also notice the inscription “Audemars Piguet Fondation”.

Remarkably, the present reference was one of the two first Royal Oaks displaying the “Grande Tapisserie” dial variation alongside ref. 25920. Turn the watch around and you will notice the open caseback revealing the movement’s pink gold rotor adorned with the AP logo and motif leaves around it.

The caseback is further engraved “Audemars Piguet Edition Limitée”.

Ref. 15100ST Royal Oak “Time for the Trees”

36

2.

AUDEMARS PIGUET — A stainless steel chronograph wristwatch with original box, number 50 of a limited edition of 50 pieces

Manufacturer

Audemars Piguet

Year

2007

Reference No.

26136ST

Movement No.

648’804

Case No.

F99564.50/50

Model Name

Royal Oak Tour Auto

Material

Stainless steel

Calibre

Automatic, cal 2385, 37 jewels

Bracelet/Strap

Leather

Clasp/Buckle

Stainless steel Audemars Piguet deployant clasp

Dimensions

39mm Diameter

Signed

Case, dial, movement and clasp signed

Estimate CHF 20,000-40,000 $21,300-42,500 €19,400-38,700 Accessories Accompanied by Audemars Piguet Extract from the Register, numbered lithography and original customized presentation box.

Further accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

Presented in 2007, the Tour Auto chronograph was a limited edition of 50 pieces.

The Tour Auto is a competition for historic cars which starts in Paris. It crosses France in five days and is punctuated by timed events on circuits and “specials” on closed sections of roads.

The current Tour Auto treads in the footsteps of events dating back to the first Tour de France Automobile in 1899. It is the oldest motor car race still organized!

On the occasion of the second year of partnership as “Official Timekeeper”, Audemars Piguet presented the Royal Oak Tour Auto Chronograph in 2007.

Launched as a limited edition of 50 stainless steel pieces, the present watch takes its inspiration from the car design of the 70s. The perforated leather strap is reminiscent of car upholstery from that era. The white dial, fitted with black counters, evokes the colors of the checkered flag. The whole is reminiscent of the extremely legible dashboards of these racing cars, while the bright red hands reinforce the sporty character of this chronograph.

The box is also extremely creative, it was developed in collaboration with MOTUL, whose 300V oil celebrated its 35th anniversary that year, like the Royal Oak, and represents an authentic 300V oil can.

The present Royal Oak Tour Auto is a rare opportunity to own a watch that was only available to the participant of the 2007 race edition and through the Paris AP Boutique and that is presented complete with its special box and a limited edition lithography.

Ref. 26136ST Royal Oak Tour Auto

39

3.

AUDEMARS PIGUET — A rare and attractive yellow gold limited edition wristwatch with certificate of authenticity and box, made to celebrate the 20th anniversary of the model

Manufacturer

Audemars Piguet

Year

1993

Reference No.

14802BA

Movement No.

386’552

Case No.

D12112.0203

Model Name

Royal Oak Jubilée

Material

18K yellow gold

Calibre

Automatic, cal 2121, 36 jewels

Bracelet/Strap

18K yellow gold Audemars Piguet bracelet, max length 190mm

Clasp/Buckle

18K yellow gold Audemars Piguet deployant clasp

Dimensions

39mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 60,000-120,000 $63,800-128,000 €58,100-116,000 Accessories Accompanied by Audemars Piguet certificate of authenticity, 2 extra links, product literature and box with outer packaging. Further accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

The reference 14802 saw the rebirth of the 39mm “Jumbo” Royal Oak for the 20th anniversary of the Royal Oak. Sold between 1992 and 2002, 691 examples were produced in steel (with 2 dial variations), 286 in yellow gold (with 4 dial variations), along with 20 in platinum (with 2 dial variations).

Ref. 14802 introduced the first salmon pink dials as well as hammered “Tuscany blue” iterations, although there is no record of how many of these special dials were produced. In addition, a sapphire caseback revealed Calibre 2121 and most of the latter’s gold oscillating weights featured an anniversary motif accompanied by the case number.

The yellow gold case of the present example elegantly contrasts against the grey/taupe color of the dial. Housed in a conventional ‘Jumbo’ case and with a height of only 8.1mm the watch remains robust and sturdy yet still looking elegant on the wrist.

Preserved in truly excellent condition, the timepiece is presented with crisp hallmarks, a rigid bracelet and hardly any signs of wear. Numbered 0203/1000 the watch comes with its original certificate of authenticity, additional links and presentation box.

Ref. 14802BA Royal Oak Jubilée

39

4.

AUDEMARS PIGUET — A fine and rare stainless steel perpetual calendar wristwatch with bracelet, moonphases and additional mother of pearl dial, with winding box and guarantee

Manufacturer

Audemars Piguet

Year

1989

Reference No.

25654ST

Movement No.

294’173

Case No.

C19665.172

Model Name

Royal Oak Perpetual Calendar

Material

Stainless steel

Calibre

Automatic, cal. 2120/2800, 38 jewels

Bracelet/Strap

Stainless steel Audemars Piguet bracelet, max length 195mm

Clasp/Buckle

Stainless steel Audemars Piguet deployant clasp

Dimensions

39mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 70,000-140,000 $74,400-149,000 €67,800-136,000 Accessories Accompanied by original guarantee, second mother of pearl dial, service papers, additional link, key, travel box, product literature, setting pin, fitted watch winder and outer packaging. Further accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

Literature Reference 25654 and the caliber 2120/2800 are illustrated in Audemars Piguet, Collector Book, Calendar Watches by Sebastian Vivas and Michael L. Friedman, pp. 50-70 published by Audemars Piguet Heritage Department.

Reference 25654 replaced the first Royal Oak Perpetual calendar reference 25554 in 1987 and was produced until 1998 in 315 pieces in steel, 430 pieces in yellow gold, 68 pieces in steel and yellow gold and 38 in platinum. It differs from its sibling for a slightly thicker case thickness (8.25mm vs the 7.5mm of ref.

25554) meant to improve its water resistance capabilities.

The present reference 25654ST is a must have for any Royal Oak collector as it ticks many boxes that make collectors’ hearts beat faster: it is not only part of the earlier series of perpetual calendar Royal Oak models made in only 315 pieces in steel but it also is in absolutely stunning condition. A time capsule, it was made in 1989 and is offered complete with winding box, certificate of guarantee, setting pin and service papers dating from 2016.

The excitement doesn’t stop here, as the watch is furthermore accompanied by an extremely rare mother of pearl dial with blue accents found in the full platinum models enabling the watch to change appearances, going from a contemporary monochrome to sleek elegance, depending on which dial is mounted.

Ref. 25654ST Royal Oak Perpetual Calendar

39

5.

AUDEMARS PIGUET — An elegant and very rare white gold wristwatch with black dial, diamondset indexes, date and bracelet

Manufacturer

Audemars Piguet

Year

1981

Reference No.

4100BC

Movement No.

228’780

Case No.

B69950.10

Model Name

Royal Oak

Material

18K white gold

Calibre

Automatic, cal. 2123, 33 jewels

Bracelet/Strap

18K white gold Audemars Piguet bracelet, max length 185 mm

Clasp/Buckle

18K white gold Audemars Piguet deployant clasp

Dimensions

35mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 25,000-45,000 $26,600-47,900 €24,200-43,600 Accessories Accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

Launched in 1977 and in production until 1985 (but still available until 2002) reference 4100 is also called the Royal Oak III as it was the third model launched after the original reference 5402 and reference 8638.

With a more restrained 35mm diameter, this reference was the first Royal Oak to be equipped with centre seconds, it was available in steel, yellow gold, white gold and two-tone versions.

The majority of the models were equipped with calibre 2123, but some of the later creations were powered by calibre 2125 and others by calibre 2124. From 1982 onwards, at least 96 watches had their mechanical calibre replaced by the quartz calibre 2506, which was originally fitted in at least 36 watches.

While originally presented to the market in 1977, it wasn’t until four years later in 1981 that this specific reference 4100BC was offered to the public. Mainly produced in stainless steel, yellow gold and two-tone, recent research has shown that there are as few as 41 examples in white gold sold from 1981 to 1986 - of which 36 pieces in 1981. To put it into perspective, its production was so restricted that the timepiece was not included in any Audemars Piguet catalogue, nor photographed for identification. The gleaming diamond-set hour marker dial simply augments the level of rarity and complexity this subtle, yet extremely important timepiece has to offer. With a case numbered 010 and in incredible condition, the present ultrarare example is a grail that cannot be missed.

Ref. 4100BC Royal Oak

35

6.

AUDEMARS PIGUET — A rare and very attractive tantalum and pink gold wristwatch with salmon dial, date and bracelet

Manufacturer

Audemars Piguet

Year

2003

Reference No.

15000TR

Movement No.

542’700

Case No.

D90053.065

Model Name

Royal Oak

Material

Tantalum and 18K pink gold

Calibre

Automatic, cal 2140, 31 jewels

Bracelet/Strap

Tantalum and 18K pink gold Audemars Piguet bracelet, max length 170mm

Clasp/Buckle

Tantalum Audemars Piguet deployant clasp further stamped Gay Frères

Dimensions

33mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 10,000-20,000 $10,600-21,300 €9,700-19,400 Accessories Accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

Since the debut of the Audemars Piguet Royal Oak in 1972, the model has been not only the pioneer in luxury steel sports watches but has also morphed into a collection and design language catering to those looking for a casual chic timepiece, or for a complication, or a gold diamond encrusted statement watch.

The present reference 15000 with its graceful 33mm diameter is part of the many variations of this iconic model, dressed here in an incredibly avant-garde mix of tantalum and pink gold giving the watch incredible chutzpah. The bluish tint of the tantalum superbly contrasts with the pink gold elements and salmon dial, providing a winning combination.

Ref. 15000TR Royal Oak

33

7.

AUDEMARS PIGUET — A very rare yellow gold perpetual calendar wristwatch with champagne dial and bracelet

Manufacturer

Audemars Piguet

Year

1989

Reference No.

25654BA

Movement No.

294’336

Case No.

C61387.606

Model Name

Royal Oak Perpetual Calendar

Material

18K yellow gold

Calibre

Automatic, cal 2120/2800, 38 jewels

Bracelet/Strap

18K yellow gold Audemars Piguet bracelet, max length 190mm

Clasp/Buckle

18K yellow gold Audemars Piguet deployant clasp

Dimensions

39mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 70,000-140,000 $74,400-149,000 €67,800-136,000 Accessories Accompanied by Audemars Piguet Certificate of Authenticity and Extract de Registre confirming the sale of the present watch on January 15, 1989, and additional pouch. Further accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

Reference 25654 replaced the first Royal Oak Perpetual calendar reference 25554 in 1987 and was produced until 1998 in 315 pieces in steel, 430 pieces in yellow gold, 68 pieces in steel and yellow gold and 38 in platinum. It differs from its sibling for a slightly thicker case thickness (8.25mm vs the 7.5mm of ref.

25554) meant to improve its water resistance capabilities.

While many materials and metals have been employed for the construction of watches - from the most mundane as base metal or plastic, to the most exotic such as forged carbon, titanium, ceramic and so forth - there is no denying that no material communicates power, luxury and gravitas as unmistakably as yellow gold. Such a conclusion is apparent when admiring the present timepiece.

Fully constructed out of 18K gold, and with a champagne dial to boost, this example of ref. 25654BA is undeniably a statement piece like few others. It is furthermore offered in exceptional condition, with all its edges and bevels sharp and well defined.

The hint of oxidation present on the case on the one hand amplifies the warm glow of the luxurious metal, on the other hand testifies how little the watch has been used.

The piece was last serviced in 2016, on which occasion it received the accompanying Certificat d’Authenticité et d’Exclusivité and it has obviously been hardly used ever since.

Ref. 25654BA Royal Oak Perpetual Calendar

39

8.

AUDEMARS PIGUET — An historically important and extremely well-preserved stainless steel wristwatch with date, bracelet, box and certificate of origin

Launched in 1972, the Audemars Piguet Royal Oak was the world’s first stainless steel luxury sports watch with a fully integrated bracelet. Designed overnight in response to an urgent request for an ‘unprecedented steel watch’, it was at the same time the most expensive stainless steel watch ever made.

The brand sought famed designer Gérald Genta, who developed a brilliantly engineered, monoblock case, with a distinctively maritime feel, featuring an octagonal bezel secured by eight hexagonal, white gold screws, and a dial with tapisserie motif.

While today the Royal Oak is a legend, at the beginning it was more than a bet, it was a true visionary revolution, the first appearance of what is today’s most successful kind of wristwatch: the luxury sport watch in steel.

The Royal Oak model reference 5402ST has been produced in four different batches: A, B, C and D with small design details that made each slightly different.

The reference 5402 remained in the Audemars Piguet Catalogues for 25 years and was produced in 6,050 examples over the different series.

Rarely has a timepiece had such historical importance, relevance and influence as the Royal Oak. It created a game changing genre and since then there has been a before and after.

The present Royal Oak ref 5402 Series A is the earliest number to ever grace an international auction room as it bears the number 2 making it the second Royal Oak ever made! In fact whereas the A series number 1 was sold in 1974, the present example was sold in May 1972 weeks only after having been presented.

Adding an extra element of historical relevance is the fact that the present watch bearing number 2 was one of the four Royal Oak models presented to the press and public at the opening of the Basel watch fair in 1972.

Considering the skepticism the Royal Oak was met with 50 years ago due to its avant-garde, novel design and philosophy, one can only assume that the buyer was himself a forward thinking, risk taking individual.

The present example is truly a time capsule as since 1972 it has remained totally unworn and comes with its full set of accessories.

Ref. 5402ST Royal Oak A series “The A2”

8.

AUDEMARS PIGUET — An historically important and extremely well-preserved stainless steel wristwatch with date, bracelet, box and certificate of origin

Manufacturer

Audemars Piguet

Year

1972

Reference No.

5402ST

Movement No.

122’813

Case No.

67002.A2

Model Name

Royal Oak A series “The A2”

Material

Stainless steel

Calibre

Automatic, cal 2121, 36 jewels

Bracelet/Strap

Stainless steel Audemars Piguet bracelet, max length 185mm

Clasp/Buckle

Stainless steel Audemars Piguet deployant clasp further stamped Gay Frères 1.72

Dimensions

39mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 200,000-400,000 $213,000-425,000 €194,000-387,000 Accessories Accompanied by Audemars Piguet box, hang tag and certificate of origin. Further accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

The consignor bought a Royal Oak when it was launched and more or less at the same time his brother in law, who was then an Audemars Piguet retailer, offered him this watch as a wedding gift.

Fortunately the consignor put this watch away and wore the other on a daily basis, a watch that 50 years later is still on his wrist.

The lowest numbered reference 5402 A series to ever come to the market, the present watch is unpolished and unworn. The dial has started to develop a very pleasant gold copper tone on certain areas giving it even greater panache.

It is believed that the reference 5402 A series Number 1 was sold to an “Imperial” family and the whereabouts of the watch are now unknown. However, what is certain is that the Number 1 was worn and the present example is the lowest known number to appear to the market and to the best of our research, the only one that has remained in unworn condition, making this specific timepiece one of the most important examples of one of horology’s most iconic timepieces.

To preserve the present watch in its untouched state, we, at Phillips, decided not to open it or give it any service. The watch is truly as it was back in 1972.

Ref. 5402ST Royal Oak A series “The A2”

39

9.

AUDEMARS PIGUET — A very rare and attractive stainless steel wristwatch with additional dial and certificate of origin made for the 30th anniversary of the Royal Oak and part of a 50 piece limited edition

Manufacturer

Audemars Piguet

Year

2003

Reference No.

15128ST

Movement No.

540’872

Case No.

E72941.0899

Model Name

Royal Oak Anniversary Italy

Material

Stainless steel

Calibre

Automatic, cal 2121, 36 jewels

Bracelet/Strap

Stainless steel Audemars Piguet bracelet, max length 195mm

Clasp/Buckle

Stainless steel Audemars Piguet deployant clasp

Dimensions

39mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 100,000-200,000 $106,000-213,000 €96,800-194,000 Accessories Accompanied by a second dial, Audemars Piguet certificate of origin and product literature. Further accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

Made in 2003, this 39mm example was made for the 30th anniversary of the Royal Oak for the Italian market, this reference came with 2 dials (a blue and a green one), featuring large Arabic numerals in a limited edition of 50.

Exclusively delivered to the Italian market, the present watch displays Arabic luminous numerals with a “Grande Tapisserie” dial and has the particularity to have been sold with two dials, a dark blue one and the other in a very attractive and unusual olive green. Whereas today green dials are “de rigueur “ in the early 2000, this was a daring bet.

The present watch is offered in excellent condition, it may even never have been worn. The second blue dial is presented in a nice metallic box that could even be displayed as decoration.

This watch represents a rare opportunity to acquire a modern piece that embodies the brand’s ability to innovate and offer future new trends like the initial reference 5402 did back in 1972.

Ref. 15128ST Royal Oak Anniversary Italy

39

10.

AUDEMARS PIGUET — An extremely attractive limited edition platinum wristwatch with blue Tuscan dial, date, bracelet, made to celebrate the 20th anniversary of the model

Ref. 14802PT Royal Oak "Tuscan" Jubilée

10.

AUDEMARS PIGUET — An extremely attractive limited edition platinum wristwatch with blue Tuscan dial, date, bracelet, made to celebrate the 20th anniversary of the model

Manufacturer

Audemars Piguet

Year

2000

Reference No.

14802PT

Movement No.

414’767

Case No.

D13791

Model Name

Royal Oak Jubilée

Material

Platinum

Calibre

Automatic, cal 2121, 36 jewels

Bracelet/Strap

Platinum Audemars Piguet bracelet, max length 185mm

Clasp/Buckle

Platinum Audemars Piguet deployant clasp

Dimensions

39mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 250,000-500,000 $266,000-532,000 €242,000-484,000 Accessories Accompanied by Audemars Piguet Extract from the Register.

Furthermore accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

30 years ago, the Royal Oak was turning 20. While it was not yet enjoying the current planetary success, the model was already very well established and received so much popularity that the company celebrated its first two decades of existence with a limited edition issue: the present ref. 14802.

The present timepiece is the rarest iteration of that celebratory model. In fact only 20 pieces were made in platinum. Some of them featured a blue dial with diamond indexes, some others such as the present piece - an incommensurably attractive blue Tuscan dial. Taking aside the fact that it is a celebratory piece, its extremely restricted production, the heft of the platinum case and the appeal of the blue Tuscan dial would be enough to power a collector’s wildest dreams.

There is an important additional comment to be made about this piece: it is so far the one and only time-only Royal Oak to feature a Tuscan dial, all others are found on perpetual calendar timepieces.

Ref. 14802PT Royal Oak "Tuscan" Jubilée

39

11.

AUDEMARS PIGUET — A very attractive and colorful yellow gold wristwatch with sapphire blue dial, diamond set bezel, diamond indexes and box

Manufacturer

Audemars Piguet

Year

1996

Reference No.

56323BA

Movement No.

409’382

Case No.

D63250.2929

Model Name

Royal Oak “Yves Klein”

Material

18K yellow gold and diamonds

Calibre

Quartz, cal. 2612, 8 jewels

Bracelet/Strap

18K yellow gold Audemars Piguet bracelet, max length 190mm

Clasp/Buckle

18K yellow gold Audemars Piguet deployant clasp

Dimensions

33mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 10,000-20,000 $10,600-21,300 €9,700-19,400 Accessories Accompanied by service invoice, fitted presentation box with key and outer packaging. Furthermore accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

Initially developed as a man’s watch, this reference 56323 attracts thanks to its glamorous style. Entirely housed in yellow gold and surmounted by a bezel superbly embellished with diamonds that frames an intense blue dial itself enhanced with diamond hour markers; this watch triggers an instant WOW effect. The intensity of the color of its dial has earned it the nickname “Yves Klein” for its resemblance to the emblematic color of the famous French artist.

In overall excellent condition this piece will delight thanks to its superbly theatrical design.

Ref. 56323BA Royal Oak “Yves Klein”

33

12.

AUDEMARS PIGUET — A very rare and eye catching stainless steel wristwatch with red dial, certificate and presentation box

Manufacturer

Audemars Piguet

Year

2002

Reference No.

14790ST

Movement No.

536’183

Case No.

E81713.7829

Model Name

Royal Oak

Material

Stainless steel

Calibre

Automatic, cal 2225, 36 jewels

Bracelet/Strap

Stainless steel Audemars Piguet bracelet, max length 170mm

Clasp/Buckle

Stainless steel Audemars Piguet deployant clasp

Dimensions

36mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 30,000-60,000 $31,900-63,800 €29,000-58,100 Accessories Accompanied by Audemars Piguet Certificate of Origin stamped Parisi Gioielli “Orotime” Taranto, hang-tag, wooden box and fitted presentation box. Further accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

Reference 14790 was in production from 1992 to 2005. Housing the automatic caliber 2125 and 2225 it remained the central model in the Royal Oak collection until it was replaced by reference 15300.

The model can be divided into 3 series 1st Series (1992): the dial features a vintage style Audemars Piguet signature with a flat A, “Petite Tapisserie” dial and long indexes 2nd Series (1993-2000): the Audemars Piguet signature is enlarged and features a pointed top A, “Petite Tapisserie” dial and long indexes 3rd Series (2000-2005): the Audemars Piguet signature is similar to the 2nd Series but the dial features “Grande Tapisserie” motif and short indexes.

A representative of the 3rd Series, the present piece is obviously distinguished by its extremely attractive red dial. In fact, a restricted number of watches were fitted with brightly colored dials. It goes without saying that their carefree modern looks coupled with their absolute scarcity propelled any such piece to the pinnacle of Royal Oak collecting. For the joy of the most demanding collector, Phillips is proud to be able to offer an example of each of the three colors produced: red, blue and yellow making this a virtually unique occasion to be able to create from scratch a mind-blowing 3-watches collection.

Ref. 14790ST Royal Oak

36

13.

AUDEMARS PIGUET — A rare stainless steel perpetual calendar wristwatch with moonphases, equation of time, additional outer ring, original guarantee and box

Manufacturer

Audemars Piguet

Year

2012

Reference No.

26603ST

Movement No.

825’226

Case No.

H35785.0070

Model Name

Royal Oak Equation of Time

Material

Stainless Steel

Calibre

Automatic, cal. 2120/2808, 41 jewels

Bracelet/Strap

Stainless steel Audemars Piguet bracelet, max length 180mm

Clasp/Buckle

Stainless steel Audemars Piguet deployant clasp

Dimensions

41mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 60,000-120,000 $63,800-128,000 €58,100-116,000 Accessories Accompanied by Audemars Piguet Warranty, Authentication and Register certificate, additional strap, key, additional outer ring, service papers and outer packaging. Further accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

In the early 2000s, Audemars Piguet was the first brand to integrate in a wristwatch not only a perpetual calendar but an equation of time (based on the wearer’s city of choice) as well as time of sunset and sunrise.

The equation of time indicates the difference between civilian time and true solar time. For convenience, a day is divided in 24 hours however due to the earth’s elliptical path around the sun as well as its tilted rotation axis, a day is not exactly 24 hours and depending on the season can be longer or shorter than 24 hours.

The blue equation of time hand indicates the true solar time on an inner ring graduated from –15 minutes to +15 minutes.

Nonetheless, the mean solar culmination point depends on the wearer’s exact location, on the longitude of a given place on the globe. The equation of time read-off system developed by Audemars Piguet takes account of this specific place.

The present Royal Oak is calibrated for Geneva (as indicated on the inner ring) and the time of the solar zenith is indicated next to the city (here 12h36).

Other than the traditional calendar indication, the present example also indicates the times of sunrise and sunset in the owner’s desired city indicated via two subdials at 3 and 9 o’clock.

The equation of time mechanism and inner city ring can be easily changed by Audemars Piguet to reflect the city of choice of the new owner.

In absolutely appealing condition, it is interesting to note that whereas the day and month indications are in English, the city name Geneva is spelt in Italian: Ginevra. Furthermore, the watch originally came on a leather strap and the owner had a steel bracelet added.

Ref. 26603ST Royal Oak Equation of Time

41

14.

AUDEMARS PIGUET — A very attractive and elegant platinum limited edition wristwatch with box, number 75 of a 75-piece limited edition made to commemorate the 10th anniversary of Audemars Piguet Italy with box

Manufacturer

Audemars Piguet

Year

2006

Reference No.

15310PT

Movement No.

624’540

Case No.

F62807.75/75

Model Name

Royal Oak “10 ans AP Italia”

Material

Platinum

Calibre

Automatic, cal 3120, 40 jewels

Bracelet/Strap

Alligator

Clasp/Buckle

Platinum Audemars Piguet deployant clasp

Dimensions

39mm Diameter

Signed

Case, dial, movement and clasp signed

Estimate CHF 40,000-80,000 ∑ $42,500-85,100 €38,700-77,400 Accessories Accompanied by Audemars Piguet Extract from the Register, copy of the Certificate of Origin, box with outer packaging and product literature. Further accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

It is well-known that Italy was historically a watch market of paramount importance. The abundance of double signed pieces dating back to the middle of the past century is a direct testament to that, and the present limited edition model is an indirect one.

While it is known for watch brands to commemorate their relationship with a retailer through the release of limited edition pieces, it is quite uncommon to celebrate in this way the presence of a brand’s subsidiary in a country. However, this is exactly what this watch celebrates. Made in a very restriction series of 75 examples in 2006, the watch celebrates the first decade of existence of Audemars Piguet Italy.

The very last example produced - bearing number 75/75 to the back - the piece is offered in absolutely stellar condition. The lack of signs of wear to the case, the crispness of the edges, and the absence of use marks even to the bracelet strongly imply that the watch was hardly ever used.

Ref. 15310PT Royal Oak “10 ans AP Italia”

39

15.

AUDEMARS PIGUET — A superbly rare and incredibly attractive platinum perpetual calendar wristwatch with openworked dial, moonphases, bracelet and box

Manufacturer

Audemars Piguet

Year

1991

Reference No.

25636PT

Movement No.

324’268

Case No.

C84188.0024

Model Name

Royal Oak Perpetual Calendar

Material

Platinum

Calibre

Automatic, cal 2120/2800, 36 jewels

Bracelet/Strap

Platinum Audemars Piguet bracelet further stamped Gay Frères, max length 190mm

Clasp/Buckle

Platinum Audemars Piguet deployant clasp

Dimensions

39mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 200,000-400,000 $213,000-425,000 €194,000-387,000 Accessories Accompanied by Audemars Piguet Extract from the Register confirming sale of the watch on March 26, 1991, box and outer packaging. Further accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

Following the presentation of its first perpetual calendar Royal Oak model in 1984, Audemars Piguet followed up with an openworked version in 1986 including a sapphire caseback.

Reference 25636 was in production until 1997 and made in 60 pieces in steel, 156 pieces in yellow gold, 6 pieces in pink gold, 41 pieces in platinum, 24 pieces in pink gold and platinum, and 25 pieces in steel and platinum, for a total of 312 examples.

Bearing a C serial number, this rare platinum ref. 25636PT is one of the earliest variants to feature an openworked dial exposing the magical wonders of the perpetual calendar mechanism.

Featuring midnight blue graphics, the dial includes the traditional indications of a perpetual calendar: day, date, astronomical moon (with graduation for age of the moon) and month: the leap-year indication is missing. Indeed, such early generation models were bare of a leap-year indication, as it happens on most “old school” perpetual calendar wristwatches, an indication that would later been introduced on all subsequent Royal Oak perpetual calendar models by the mid-1990s.

Written at six o’clock is the “Audemars Piguet” signature in small lettering. Referred to as a Mk 1 dial, this small signature can only be found on the earlier examples of the reference 25636. The manufacture would later adopt a modern signature style with a bigger “A” and “P” commonly found on watches today.

Usually more susceptible to wear than stainless steel, the present 25636 in platinum is extremely well-preserved, retaining all its original lines, crisp hallmarks and shape. Adding to its collectability, the watch is further accompanied by its original bracelet, featuring the hallmark of the renowned bracelet maker Gay Frères.

The combination of sublime technical execution and unmistakable looks has over time led the collector community to consecrate this model as one of the most interesting, attractive and collectible complicated Royal Oak executions.

The present piece will impress its beholder with its elegance, rarity, heft and excellent condition.

Ref. 25636PT Royal Oak Perpetual Calendar

39

16.

AUDEMARS PIGUET — A fine and rare titanium chronograph wristwatch with date, bracelet and certificate, part of a 300 pieces limited edition

Manufacturer

Audemars Piguet

Year

2000

Reference No.

25860IS

Movement No.

485’098

Case No.

E29119

Model Name

Royal Oak “City of Sails Be Happy”

Material

Titanium

Calibre

Automatic, cal 2385, 37 jewels

Bracelet/Strap

Stainless steel Audemars Piguet bracelet, max length 170mm

Clasp/Buckle

Stainless steel Audemars Piguet deployant clasp

Dimensions

39mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 30,000-60,000 $31,900-63,800 €29,000-58,100 Accessories Accompanied by Audemars Piguet Certificate of Authenticity. Further accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

Whereas the Royal Oak was born as a leisure/chic steel watch it wasn’t until the 25th anniversary of the model in 1997 that a chronograph complication was added to the catalogue, housing the automatic caliber Calibre 2385.Reference 25860 was in production until 2012.

As a commemoration of the first Swiss challenger to the America’s Cup in Auckland, New Zealand, Audemars Piguet launched a limited edition Royal Oak City of Sails, Be Happy edition in 1999.The chronograph is limited to 300 pieces and is constructed of titanium, a sturdy but difficult to work with metal that is light and easy to wear. The dial has a clear and unique flair, displaying a deep blue tapisserie background, reminiscent of the blue oceanic tones and light blue skies.

Furthermore, the dial also showcases yellow splashes of color for the hour, minutes and chrono hands reminiscing of those sunny summer days. The date aperture is interestingly placed between 4 and 5 o’clock. The rear of the case is inscribed with the phrase “City of Sails,” a nickname for Auckland, New Zealand, which is recognized for its maritime heritage. The lightness and sturdiness of the case and bracelet enable the timepiece to deliver a comfortable and unique feel to the wrist.

Ref. 25860IS Royal Oak “City of Sails Be Happy”

39

17.

AUDEMARS PIGUET — An extremely rare and elusive platinum perpetual calendar wristwatch with moonphases, mother of pearl dial, sapphire caseback and original certificate booklet

Manufacturer

Audemars Piguet

Year

1994

Reference No.

25686PT

Movement No.

374’104

Case No.

D34720.20

Model Name

Royal Oak Perpetual Calendar

Material

Platinum

Calibre

Automatic, cal. 2120/2800, 38 jewels

Bracelet/Strap

Platinum Audemars Piguet bracelet, max length 195mm

Clasp/Buckle

Platinum Audemars Piguet deployant clasp

Dimensions

39mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 100,000-200,000 $106,000-213,000 €96,800-194,000 Accessories Accompanied by Audemars Piguet Certificat d’Origine et de Garantie.

Further accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

A new perpetual calendar reference made from 1990-1998, reference 25686 was made in 92 pieces in steel, 70 pieces in yellow gold, 18 pieces in pink gold, 31 pieces in platinum, 25 pieces in platinum and pink gold, 37 in pink gold and platinum, 26 pieces in steel and platinum for a total of 299 watches.

Sometimes a timepiece can substantiate the concept of irony.

Think how much effort, time and capital watch companies have put into developing the most advanced technical materials to employ on dials for the most intriguing aesthetic results. A short list would comprise of enamels (of many different kinds), forged carbon, ceramic and even aeronautic-derived materials.

And yet one of the most natural materials of all - motherof-pearl - still arguably surpasses this array of technologies in beauty and refinement, as is obvious by glancing at this timepiece. One could easily loose oneself in the countless shimmering refractions of this dial.

That said, the fact that mother-of-pearl is a natural material does not mean it is easy to work with. Not only does one have to source appropriately large discs, the production process itself is extremely difficult, and made even more so by the sunken subsidiary dials. It is not surprising that such a demanding - and thus costly - dial was produced in extremely limited quantities and employed only, in the case of this reference, for the most exclusive case metal: platinum. In fact, according to Audemars Piguet, 31 examples of reference 25686PT with mother-of-pearl dial were ever produced, a truly limited number for privileged clients.

Ref. 25686PT Royal Oak Perpetual Calendar

39

18.

AUDEMARS PIGUET — A fine and attractive stainless steel and tantalum wristwatch with grey dial, date and bracelet

Manufacturer

Audemars Piguet

Year

1991

Reference No.

56175TT

Movement No.

361’969

Case No.

D5055.002

Model Name

Royal Oak Championship

Material

Stainless steel and tantalum

Calibre

Quartz, cal 2612, 8 jewels

Bracelet/Strap

Stainless steel and tantalum Audemars Piguet bracelet, max length 175mm

Clasp/Buckle

Tantalum Audemars Piguet deployant clasp

Dimensions

33mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 8,000-16,000 $8,500-17,000 €7,700-15,500 Accessories Accompanied by Audemars Piguet wooden presentation box. Further accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

Immediately recognisable by the “Championship” engraving to the back, the Royal Oak Championship ref. 56175TT was released in 1990 to commemorate Sir Nick Faldo’s back-to-back Masters and British Open victories.

While extremely attractive thanks to the subtle shift in nuances granted by the two-tone steel and tantalum case, the model is notable from an historical point of view as it is the first example of this metal combination on a Royal Oak. Earlier watches in tantalum and pink gold are known, but this is the first appearance of the steel/tantalum combination.

Ref. 56175TT Royal Oak Championship

33

19.

AUDEMARS PIGUET — A very attractive stainless steel calendar wristwatch with cream dial retailed by Tiffany & Co.

Manufacturer

Audemars Piguet

Year

1984

Reference No.

25572ST

Movement No.

269’192

Case No.

B96980.257

Model Name

Royal Oak “Tiffany & Co”

Material

Stainless steel

Calibre

Automatic, cal. 2124, 38 jewels

Bracelet/Strap

Stainless steel Audemars Piguet bracelet, max length 170mm

Clasp/Buckle

Stainless steel Audemars Piguet deployand clasp

Dimensions

36mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 20,000-40,000 $21,300-42,500 €19,400-38,700 Accessories Accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

Following the footsteps of the perpetual calendar model, Audemars Piguet introduced reference 25572 as a medium complication day/date in 1983. The reference remained in production until 1998. A total of 1770 examples were made, 576 in steel, 524 in yellow gold, 654 in steel and yellow gold and 16 in white gold.

The day and date disks are showcased in two different sub-dials elegantly arranged in the mid section of the dial, respectively on the 3 and 9 hour positions. This configuration renders the dial clean and well-balanced, making it extremely appealing and appreciated amongst collectors.

Originally white, the dial of the present example has developed a warm patina tending to the cream/off-white color.

Adding an extra element of appeal and rarity is the Tiffany & Co. signature right below the brand name. Research shows in fact that this timepiece dates back to 1984 and was delivered and sold in the United States.

Extremely elegant and sought-after, collectors in recent times have been striving to get their hands on early and interesting Royal Oaks, and this is with no doubt a hidden gem.

Ref. 25572ST Royal Oak “Tiffany & Co.”

36

20.

AUDEMARS PIGUET — A fine and attractive stainless steel perpetual calendar wristwatch with silver dial, moonphases, leap year indication, bracelet, warranty and presentation box

Manufacturer

Audemars Piguet

Year

2006

Reference No.

25820ST

Movement No.

549’490

Case No.

F38155.0582

Model Name

Royal Oak Perpetual Calendar

Material

Stainless Steel

Calibre

Automatic, cal. 2120/2802, 38 jewels

Bracelet/Strap

Stainless steel Audemars Piguet bracelet, max length 180mm

Clasp/Buckle

Stainless steel Audemars Piguet deployant clasp

Dimensions

39mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 60,000-120,000 $63,800-128,000 €58,100-116,000 Accessories Accompanied by Audemars Piguet Warranty, Authentication and Register Certificate dated 28th March 2006, instruction manual, pouch and self-winding box. Further accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

A new Royal Oak perpetual calendar model featuring this time a leap year indicator, reference 25820 was launched in 1996 and in production until 2013, 628 pieces in steel, 107 pieces in yellow gold, 74 pieces in platinum, 11 in pink gold, 378 in steel and platinum, 15 in tantalum and yellow gold, 9 in tantalum and platinum, and 13 in tantalum and pink gold for a total of 1235 examples.

The core concept of the Royal Oak, at its inception, was as simple as it was groundbreaking: a luxury steel watch. That is the cornerstone idea of the entire collection, and this example of reference 25820 is the modern complicated interpretation of such an idea. Incredibly light and absolutely sporty in feel and vibe, it features the iconic Royal Oak “tapisserie” dial. Obviously, the fact that it is a perpetual calendar wristwatch elevates its complexity, rarity and collectability. It is remarkable how the brand managed to render such a complicated piece with such an eminently wearable and sporty feel, and it is because of this that it can be said this watch truly encapsulates the “spiritual values” of the Royal Oak collection.

Ref. 25820ST Royal Oak Perpetual Calendar

39

21.

AUDEMARS PIGUET — A very attractive and unique stainless steel and platinum perpetual calendar wristwatch with openworked dial, bracelet and box, numbered 1/1

Manufacturer

Audemars Piguet

Year

2006

Reference No.

25829SP

Movement No.

405’668

Case No.

F45254.279 Further engraved Marcus 1/1

Model Name

Royal Oak Perpetual Calendar

Material

Stainless steel and platinum

Calibre

Automatic, cal 2120/2800, 38 jewels

Bracelet/Strap

Stainless steel and platinum Audemars Piguet bracelet, max length 195mm

Clasp/Buckle

Stainless steel Audemars Piguet deployant clasp

Dimensions

39mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 120,000-240,000 $128,000-255,000 €116,000-232,000 Accessories Accompanied by Audemars Piguet box with outer packaging and hang tag. Further accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

Same as reference 25820 but in an openwork version, reference 25829 was produced for the same period (1996-2013) and made in 371 pieces in steel, 102 pieces in yellow gold, 174 in pink gold, 156 in platinum, 25 in steel and platinum plus another one made in 2006, 15 pieces in tantalum and yellow gold, 16 in tantalum and platinum, and 16 in tantalum and pink gold.

This series has the particularity of presenting this reference in bi-material, steel and platinum. The bezel and the center links are in polished platinum while the rest of the case and the links are in brushed steel which gives a very subtle and precious look to this timepiece and which differentiates it from the other reference 25829 whose bezel was always brushed. The minute detail might seem trivial on paper, but in the metal, it dramatically transfigures the overall look of the timepiece.

The present watch is actually from 2006. Research shows that eight years after its initial production, Audemars Piguet agreed to redo a unique piece, identical to the production of 97-98 for a major client of the house. The caseback is therefore further engraved 1/1.

Ref. 25829SP Royal Oak Perpetual Calendar

39

22.

AUDEMARS PIGUET — A rare and most probably unpolished stainless steel wristwatch with salmon dial, certificate of origin and matching numbered box, part of a limited edition made to celebrate the 20th anniversary of the model

Manufacturer

Audemars Piguet

Year

1994

Reference No.

14802ST

Movement No.

399’876

Case No.

D40529.836

Model Name

Royal Oak Jubilée

Material

Stainless steel

Calibre

Automatic, cal. 2121, 36 jewels

Bracelet/Strap

Stainless steel Audemars Piguet bracelet, max length 195mm

Clasp/Buckle

Stainless steel Audemars Piguet deployant clasp

Dimensions

39mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 100,000-200,000 $106,000-213,000 €96,800-194,000 Accessories Accompanied by Certificate of Origin, additional Certificat D’Origine, product literature, fitted presentation box with outer packaging.Further accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

The reference 14802 saw the rebirth of the 39mm “Jumbo” Royal Oak for the 20th anniversary of the Royal Oak. Sold between 1992 and 2002, 691 examples were produced in steel (with 2 dial variations), 286 in yellow gold (with 4 dial

variations), along with 20 in platinum (with 2 dial variations).

Ref. 14802 introduced the first salmon pink dials as well as hammered “Tuscany blue” iterations, although there is no record of how many of these special dials were produced. In addition, a sapphire caseback revealed Calibre 2121 and most of the latter’s gold oscillating weights featured an anniversary motif accompanied by the case number.

Of the 691 examples of this reference released in stainless steel, only a few were fitted with the rare, resplendent salmon dial that has become in the intervening decades overwhelmingly desirable to collectors.

A time capsule, the present watch is distinguished by its most probably unpolished condition. All contrasting polished and brushed finishes remain intact, and show how a “factory spec” reference 14802 looked like when it left the factory.

The salmon dial remains vibrant with barely any sign of aging - Audemars Piguet has even taken inspiration from this very model in its contemporary catalog with the reference 15202BC. Furthermore, all original accessories are present - even the original certificate and numbered box, indicating that the present watch is part of the Jubilée series.

Salmon dials in particular are rarely offered in the contemporary Audemars Piguet menu, and with less than 300 pieces ever produced, this is an extremely rare opportunity to obtain an extremely low production and absolutely gorgeous timepiece, perfect for the discerning collector.

Ref. 14802ST Royal Oak Jubilée

39

23.

AUDEMARS PIGUET — A fine and attractive stainless steel limited edition wristwatch with date commissioned by Jean Todt

Manufacturer

Audemars Piguet

Year

2004

Reference No.

15189ST

Movement No.

559’383

Case No.

F04300.9841 Caseback further engraved “Buon Compleanno Siamo Campioni del Mondo!”

The present Royal Oak may seem understated with its steel case, white dial and leather strap but turn the watch over and any petrol head will skip a heart beat.

The reference was initially made as a limited edition of 1300 pieces for Banque Pictet and one piece was specially made for Jean Todt with a special engraving at the back that is properly documented on Audemars Piguet archives.

Con Affetto Jean Todt 31.08.04 Model Name

Royal Oak “Campioni del Mondo”

Material

Stainless steel

Calibre

Automatic, cal 2225, 36 jewels

Bracelet/Strap

Alligator

Clasp/Buckle

Stainless steel Audemars Piguet deployant clasp

Dimensions

36mm Diameter

Signed

Case, dial, movement and clasp signed

Estimate CHF 10,000-20,000 ∑ $10,600-21,300 €9,700-19,400 Accessories Accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

The caseback is engraved “Buon Compleanno Siamo Campioni del Mondo! Con Affetto Jean Todt 31.08.04” which translates from Italian to Happy Birthday We are World Champions. With Love Jean Todt.

Jean Todt was the General Manager of Scuderia Ferrari Formula 1 Racing Team from 1994 to 2005 and we strongly believe the watch was offered to Luca di Montezemolo the Chairman of Ferrari at the time for the latter’s 57th birthday in 2004.

Under the aegis of Todt and Montezemolo, Scuderia Ferrari reached Himalayan peaks: the 2004 F1 Championship was dominated by Michael Schumacher and Ferrari, with Schumacher winning the Drivers’ Championship for the seventh and last time. Schumacher’s teammate Rubens Barrichello finished the championship second, with Ferrari winning the Constructors’ Championship for a record 14th time.

Ref. 15189ST Royal Oak “Campioni del Mondo”

36

24.

AUDEMARS PIGUET — An important, impressive and the only known of its kind yellow gold perpetual calendar wristwatch with blue “Tuscan” dial, gilt graphics and bracelet

Manufacturer

Audemars Piguet

Year

1992

Reference No.

25654BA

Movement No.

354’636

Case No.

D12781.786

Model Name

Royal Oak Perpetual Calendar

Material

18K yellow gold

Calibre

Automatic, cal 2120/2800, 38 jewels

Bracelet/Strap

18K yellow gold Audemars Piguet bracelet, max length 190mm

Clasp/Buckle

18K yellow gold Audemars Piguet deployant clasp

Dimensions

39mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 100,000-200,000 $106,000-213,000 €96,800-194,000 Accessories Accompanied by Audemars Piguet Extract of Archives dated June 26, 1992. Further accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

As with all rules, there are exceptions, and this watch is the exception that proves the rule. According to scholarship, Tuscan dials were not mounted on yellow gold watches. However Tuscan dials were not decorated with golden script either. And yet, this watch exists. According to our research, Audemars Piguet archives contain a mention of a yellow gold “Tuscan” dial that was most certainly fitted in the present watch.

This superb finish, nicknamed “Tuscan”, is made by hand by hammering the surface which gives it an irregular but above all unique rendering since no dial is the same. The fine and delicate ridges on the dial catch the light perfectly and can change in tone pending on the angle.

Presented on a perpetual calendar in yellow gold, this dial is complemented by gilt script, indexes and hands, making this combination breathtaking and most importantly so far unique, as no other example is known from the market. This piece alone represents the greatest know-hows of Audemars Piguet on its iconic model.

Ref. 25654BA Royal Oak Perpetual Calendar

39

25.

AUDEMARS PIGUET — An extremely rare and attractive white gold wristwatch with day and date indication, moon phases, diamond-set bezel and black dial

Manufacturer

Audemars Piguet

Year

1986

Reference No.

25595BC

Movement No.

269’655

Case No.

B87868.22

Model Name

Royal Oak Day Date

Material

18K white gold

Calibre

Automatic, cal 2124/2825, 33 jewels

Bracelet/Strap

18K white gold Audemars Piguet bracelet, max length 175mm

Clasp/Buckle

18K white gold Audemars Piguet deployant clasp

Dimensions

36mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 30,000-60,000 $31,900-63,800 €29,000-58,100 Accessories Accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

One of the rarest of Royal Oak models reference 25595 was in production for 3 short years between 1984 and 1987 with only 5 pieces ever made, 3 in yellow gold, 2 in white gold.

The present white gold Royal Oak is a phenomenally rare reference 25595BC which graces the auction market once in a blue moon and a model very few have had the pleasure of actually seeing.

Audemars Piguet’s Royal Oak does not need an introduction.

With its launch in 1972 Audemars Piguet created one of the most iconic and classic wristwatches of the late 20th century and a benchmark for what the luxury sports watch should be.

Sold originally in Singapore in the 80’s the present 25595BC is a true work of elegance and beauty. At 36mm diameter the watch presents a beautiful black tapisserie dial with stylish diamond set hour markers as well a refined diamond-set bezel.

Crafted out of solid 18-karat gold, its luxurious heft is dramatic, especially when compared to other regular productions of stainless steel versions. The present ultra-rare example is in absolutely spectacular condition. To further add to the rarity of this timepiece recent research shows that only two pieces in this configuration in white gold where ever made making it one of the most underrated and undiscovered variants of the Royal Oak to ever appear on the market.

Ref. 25595BC Royal Oak Day Date

36

26.

AUDEMARS PIGUET — An extremely rare and attractive white gold wristwatch with light grey dial, date, bracelet, original documents and box

Manufacturer

Audemars Piguet

Year

1984

Reference No.

14332BC

Movement No.

279’497

Case No.

C4650.021

Model Name

Royal Oak

Material

18K white gold

Calibre

Automatic, cal 2124, 33 jewels

Bracelet/Strap

18K white gold Audemars Piguet bracelet, max length 205mm

Clasp/Buckle

18K white gold Audemars Piguet deployant clasp

Dimensions

36mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 50,000-100,000 $53,200-106,000 €48,400-96,800 Accessories Accompanied by Audemars Piguet Certificate of Origin, Extract from Register, original purchase receipt, box and outer packaging. Further accompanied

by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

Reference 4332 (later 14332) is the second mid-size Royal Oak produced by the company. Launched in 1980, it succeeds reference 4100 launched in 1978. Reference 4332 mainly differs from its predecessor by the introduction of the screw-down crown. It was in production until 1996.

Not only is this timepiece one of the earliest examples of the reference (indeed it features the 4-digit reference, employed only in the early 1980s before switching to a 5-digits system with the addition of “1” as first digit) it also is one of the most fabulously scarce examples of the model.

According to Audemars Piguet archives, only 20 examples in white gold of the model were ever produced: a truly exclusive number for the selected few.

Ref. 14332BC Royal Oak

36

27.

AUDEMARS PIGUET — A unique and mesmerizing stainless steel perpetual calendar, minute repeating, split-seconds chronograph Grande Complication wristwatch with moonphases, box, guarantee and extract bearing N0. 1

This “Grande Complication” is without a doubt one of the most accomplished achievements of the company in the realm of Royal Oak timepieces. Uniting in the same sporty Royal Oak case three refined complications - a minute repeater, a perpetual calendar and a chronograph, split-second nonetheless - the watch can be considered a true “summa” of Audemars Piguet’s technical proficiency as well as the ultimate paragon of their definition of sport luxury.

Since their earliest beginning - which occur on pocket watches for obvious space reasons - Grande Complication timepieces have been produced - usually as a Pièce Unique or extremely limited series - by the most technically proficient brands to prove their horological savoir-faire. A Grande Complication piece usually includes a chiming, a calendar and a timing complication: given the astounding cost and difficulty involved with such movements, they were either special commission orders or the equivalent of what is today called a “marketing stunt”.

A number of different factors - such as the advancements of technology, and the 1990s rediscovery of mechanical watchmaking - prompted over time Grande Complication timepieces to start making their appearance on the wrist of collectors rather than in their pocket. Still, the challenges and costs involved with the realization of such watches mean that their rarity is paramount even in modern times.

While creating a Grande Complication piece is a daunting challenge in any case, the genius and folly of this instance which, from a certain point of view, represents the ultimate elevation of the concept of luxury sport horology introduced in 1972 - is to incorporate such an elevated movement in a stainless steel sport watch. Beyond being conceptually groundbreaking, such a project involves remarkable technical challenges. A scholarly treaty could be written about the modifications to the original Royal Oak design required to make it viable for such a complicated calibre. This concept would have been beyond visionary only a few decades ago and even in 2012, when this watch was made, it was an expression of remarkable bravery on part of the company, considered that the explosion of the sports watch market was still below the horizon.

Ref. 25865ST Royal Oak Grande Complication

27.

AUDEMARS PIGUET — A unique and mesmerizing stainless steel perpetual calendar, minute repeating, split-seconds chronograph Grande Complication wristwatch with moonphases, box, guarantee and extract bearing N0. 1

Manufacturer

Audemars Piguet

Year

2012

Reference No.

25865ST

Movement No.

791’905

Case No.

H71336.1

Model Name

Royal Oak Grande Complication

Material

Stainless Steel

Calibre

Automatic, cal 2885, 52 jewels

Bracelet/Strap

Stainless Steel Audemars Piguet bracelet, max length 180mm

Clasp/Buckle

Stainless Steel Audemars Piguet deployant clasp

Dimensions

44mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 250,000-500,000 $266,000-532,000 €242,000-484,000 Accessories Accompanied by Audemars Piguet warranty, Certificate of Authenticity booklet confirming the year of production to July 05, 2012, additional stainless steel deployant clasp, suede pouch, stud for bracelet attachment, winding presentation box and outer packaging. Further accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

As mentioned, Grande Complication timepieces are usually made as Pièce Unique or in extremely limited series. As the number 1/1 on the caseback proclaims, this watch falls in the former category. The calibre 2885 giving life to this model is an absolute masterpiece of horology, both for its architecture and for its finish as well. It features an impressive 648 components, hand-finished by a single master watchmaker who needs about a year to complete the task.

The pinnacle of watchmaking prowess, a Grand Complication is a timepiece that very few makers have mastered well enough to ever offer on the market. The present piece is a powerful example of Audemars Piguet’s watchmaking dexterity, the ultimate expression of the ethos of the Royal Oak line, an absolute masterpiece of horological art and a champion of exclusivity.

Ref. 25865ST Royal Oak Grande Complication

44

28.

AUDEMARS PIGUET — An early and stunning white gold and diamond wristwatch with diamond pave dial and emerald markers

Manufacturer

Audemars Piguet

Year

1990

Reference No.

14544BC

Movement No.

321’767

Case No.

C68031.26

Model Name

Royal Oak

Material

18K white gold, diamonds and emeralds

Calibre

Automatic, cal. 2131, 19 jewels

Bracelet/Strap

18K white gold Audemars Piguet bracelet, max length 180mm

Clasp/Buckle

18K white gold Audemars Piguet deployant clasp

Dimensions

36mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 50,000-100,000 $53,200-106,000 €48,400-96,800 Accessories Accompanied by Audemars Piguet Extrait de Registre dated March 02, 2021 and service papers. Further accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

Reference 14544 is a gemset variant of reference 14486 housing the automatic caliber 2131 and made in around 102 pieces from 1988-1992.

Lavish, dazzling, and utterly spectacular, this reference 14544BC is festooned with emeralds and diamonds on the dial. This version is particularly rare due to the baguette emeralds on the dial, which brings another level of glamour and exclusivity to the piece. To the best of our knowledge, this is the first time this specific dial configuration has appeared on the international auction market. A very early piece, the watch itself is preserved in wonderful condition, with all hallmarks and numbers crisp and visible on the case back. The bracelet barely shows any signs of wear and remains rigid and right. Vintage Audemars Piguet pieces are highly sensitive to polishing, yet this piece remains in excellent condition as the lug holes are a sizable difference from the bevels on the case. Vintage Audemars Piguet timepieces in white precious metal are extremely rare, and this piece is a testament to the manufacturer’s design ingenuity.

Ref. 14544BC Royal Oak

36

29.

AUDEMARS PIGUET — A very attractive stainless steel chronograph wristwatch with tropical dial, date, bracelet , original papers and box

Manufacturer

Audemars Piguet

Year

2004

Reference No.

25860ST

Movement No.

529’724

Case No.

E95691, 6517

Model Name

Royal Oak Chronograph “Kasparov”

Material

Stainless Steel

Calibre

Automatic, cal 2385, 37 jewels

Bracelet/Strap

Stainless steel Audemars Piguet bracelet, max length 195mm

Clasp/Buckle

Stainless steel Audemars Piguet deployant clasp

Dimensions

39mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 30,000-60,000 $31,900-63,800 €29,000-58,100 Accessories Accompanied by Audemars Piguet undated Certificate of Origin stamped Watch Connexion - Bristol Costa Mesa, instruction for use booklet, outer packaging and fitted presentation box. Further accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

Tropical dials can be appreciated both for their looks, and for their irony as well. What was a defective dial evolved to the point of being more collectible than the same dial without the aforementioned “defect”. Basically, it is serendipity at its apex.

While some brands have a number of watches on which tropicalization is known to occur (Rolex is an example above all, with tropical dials found on early Submariners, GMTs and Milgauss as well as modern 116520), this occurrence is much more uncommon for Audemars Piguet. Not only is the number of references which are known to tropicalize much smaller - the best known examples are ref. 5402, ref. 15002 and “The Beast” 25721 - but also the number of examples that do tropicalize would appear to be, judging by historical result, very much restricted.

The present example of ref. 25860 is already a representative of this rarefied category - and thus supremely collectible - but it can be furthermore considered as the most uncommon topicalization to be found on Audemars Piguet pieces. While usually - such as in all the examples provided above - the original dial color is black and it tends to change to chocolate, in this instance the original dial color was white and it has now achieved an incredibly attractive light mustard/chestnut hue hardly ever seen on Audemars Piguet pieces. Finally, it is important to note how the tropicalization is absolutely even, as if it was the original dial color.

Ref. 25860ST Royal Oak Chronograph “Kasparov”

39

30.

AUDEMARS PIGUET — A bedazzling and extremely rare stainless steel tourbillon wristwatch with blue dial and original guarantee, number 1 of a limited edition of 25 pieces

Presented in 1997, the Royal Oak Tourbillon reference 25831 was made for the Royal Oak’s 25th anniversary as a limited edition of 25 pieces in steel, 5 in yellow gold, 5 in white gold, 5 in pink gold, 5 in platinum and a unique two tone pink and white gold model. It is also the only Royal Oak that does not have a crown placed on the caseband.

The Royal Oak has always been an experimentation laboratory for Audemars Piguet. Wishing to continuously push the boundaries both technically and also of what was considered the “norm” at the time, Audemars Piguet first merged the casual/chic design of the Royal Oak with a complication only seen in dress watches at the time - the perpetual calendar. This was followed in 1997 with another first: a Royal Oak tourbillon made in celebration of the 25th anniversary of the Royal Oak. The present example in stainless steel bears number 1, the watch features a power reserve indicator on the left side of the dial and a date indication on the right. The sense of details has been pushed to the nth degree as the “frame” of the tourbillon is not only in the shape of the Royal Oak bezel but it also features the signature screws!

Ref. 25831ST Royal Oak Tourbillon

30.

AUDEMARS PIGUET — A bedazzling and extremely rare stainless steel tourbillon wristwatch with blue dial and original guarantee, number 1 of a limited edition of 25 pieces

Manufacturer

Audemars Piguet

Year

1997

Reference No.

25831ST

Movement No.

386’150

Case No.

D92154.1

Model Name

Royal Oak Tourbillon

Material

Stainless steel

Calibre

Automatic, cal 2875, 41 jewels

Bracelet/Strap

Stainless steel Audemars Piguet bracelet, max length 195mm

Clasp/Buckle

Stainless steel Audemars Piguet deployant clasp

Dimensions

40mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 120,000-240,000 $128,000-255,000 €116,000-232,000 Accessories Accompanied by Audemars Piguet Certificate of Origin and letter from Audemars Piguet Italia. Further accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

Not only visually arresting, this piece also houses the automatic caliber 2875 which is a feat of technical engineering. Wishing to have an automatic movement yet with slim dimensions, the watchmakers at Audemars Piguet opted for a bumper winding system which did away with a rotor and thus reduced the thickness of the movement with the crown placed on the back.

The present stainless steel version comes with a blue dial that is usually seen on the platinum examples, however we believe that considering that the present piece is number 1, the original owner may have requested a dial swap upon purchase.

In excellent condition, the present Royal Oak tourbillon is a piece of horological history.

Ref. 25831ST Royal Oak Tourbillon

40

31.

AUDEMARS PIGUET — A very appealing yellow gold wristwatch with date, certificate of origin and original box

Manufacturer

Audemars Piguet

Year

1982

Reference No.

4100BA

Movement No.

244’215

Case No.

B73527.1984

Model Name

Royal Oak

Material

18K yellow gold

Calibre

Automatic, cal 2123, 33 jewels

Bracelet/Strap

18K yellow gold Audemars Piguet bracelet, max length 195mm

Clasp/Buckle

18K yellow gold Audemars Piguet deployant clasp

Dimensions

35mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 20,000-40,000 $21,300-42,500 €19,400-38,700 Accessories Accompanied by Audemars Piguet Certificate of Origin dated 9 Apr. 1983, Certificate of guarantee for a service made in 1998, product literature, green leather wallet and original box. Further accompanied

by Audemars Piguet and Phillips in Association with Bacs & Russo cosigned Royal Oak 50th Anniversary Attestation.

Launched in 1977 and in production until 1985 (but still available until 2002) reference 4100 is also called the Royal Oak III as it was the third model launched after the original reference 5402 and reference 8638.

With a more restrained 35mm diameter, this reference was the first Royal Oak to be equipped with centre seconds, it was available in steel, yellow gold, white gold and two-tone versions.

The majority of the models were equipped with calibre 2123, but some of the later creations were powered by calibre 2125 and others by calibre 2124. From 1982 onwards, at least 96 watches had their mechanical calibre replaced by the quartz calibre 2506, which was originally fitted in at least 36 watches.

Preserved in excellent overall condition, the present 4100BA has presence on the wrist despite its 35mm case. Packaged in an entirely new category of “luxury sport”, the timepiece has inspired a new wave of collectors of “smaller” cases such as Patek Philippe with its 3800. The delightful grey tapisserie dial contrasts elegantly against the warmer yellow tone of the case, bracelet and indexes rendering the timepiece extremely attractive and capable of being dressed up or down according to the situation.

Ref. 4100BA Royal Oak

35

32.

AUDEMARS PIGUET — An early and well preserved stainless steel wristwatch with date, original box and guarantee

Manufacturer

Audemars Piguet

Year

1974

Reference No.

5402ST

Movement No.

138’684

Case No.

80468.A1468

Model Name

Royal Oak “A Series”

Material

Stainless steel

Calibre

Automatic, cal. 2121, 36 jewels

Bracelet/Strap

Stainless steel Audemars Piguet bracelet, max length 195mm

Clasp/Buckle

Stainless steel Audemars Piguet deployant clasp

Dimensions

39mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 70,000-140,000 $74,400-149,000 €67,800-136,000 Accessories Accompanied by Audemars Piguet original box, original guarantee dated 18.4.1975 and product literature. Further accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo cosigned Royal Oak 50th Anniversary Attestation.

Launched in 1972, the Audemars Piguet Royal Oak was the world’s first stainless steel luxury sports watch with a fully integrated bracelet. Designed overnight in response to an urgent request for an ‘unprecedented steel watch’, it was at the same time the most expensive stainless steel watch ever made.

The brand sought famed designer Gérald Genta, who developed a brilliantly engineered, monobloc case, with a distinctively maritime feel, featuring an octagonal bezel secured by eight hexagonal, white gold screws, and a dial with tapisserie motif.

While today the Royal Oak is a legend, at the beginning it was more than a bet, it was a true visionary revolution, the first appearance of what is today’s most successful kind of wristwatch: the luxury sports watch in steel.

The Royal Oak model reference 5402ST has been produced in four different batches: A, B, C and D with small design details that made each slightly different.

The reference 5402 remained in the Audemars Piguet catalogues for 25 years and was produced in 6,050 examples over the different series.

Reference 5402 represents the birth of a legend: it is a timepiece whose echo is still very much felt today not only in the Audemars Piguet production, but in the watchmaking world at large. Simply put, one cannot design a steel sports watch without drawing a comparison with this model.

When putting together this sale, we managed to source some incredible examples of the reference - early serial numbers, no number examples, double-signed pieces…. - but we felt obliged to offer also a standard, wearable example of the A series production, complete with its original box and certificate. In our opinion, this watch represents the purest incarnation - unadulterated by additional rare traits - of the mythical reference.

Ref. 5402ST Royal Oak “A Series”

39

33.

AUDEMARS PIGUET — An extremely rare and superb tantalum and platinum perpetual calendar wristwatch with openworked dial and bracelet, part of a 16 pieces limited series

Manufacturer

Audemars Piguet

Year

1997

Reference No.

25829TP

Movement No.

425’280

Case No.

D80626.025

Model Name

Royal Oak Perpetual Calendar

Material

Tantalum and platinum

Calibre

Automatic, cal 2120/2800, 38 jewels

Bracelet/Strap

Tantalum and platinum Audemars Piguet bracelet, max length 175mm

Clasp/Buckle

Tantalum Audemars Piguet deployant clasp further stamped Gay Frères

Dimensions

39mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 120,000-240,000 $128,000-255,000 €116,000-232,000 Accessories Accompanied by Audemars Piguet blank Certificate of Origin, product literature and setting pin. Further accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

Same as reference 25820 but in an openwork version, reference 25829 was produced for the same period (1996-2013) and made in 371 pieces in steel, 102 pieces in yellow gold, 174 in pink gold, 156 in platinum, 25 in steel and platinum plus another one made

in 2006, 15 pieces in tantalum and yellow gold, 16 in tantalum and platinum, and 16 in tantalum and pink gold.

While two tone cases made of contrasting metals (such as platinum and pink gold, or steel and yellow gold) are easily understood from an aesthetically point of view, two-tone cases made out of similar metals are much more subtle - but not in the least less impressive - creations. The aesthetic “ton-surton” effect that stems from the gentle gleam of platinum meeting the darker, sterner, more military hue of tantalum, is absolutely captivating.

Its remarkable looks are just a part of the attractiveness of this piece, as they are couple with a very unusual production history which results in an even more restricted output than the number 25 on the caseback would suggest.

In fact, 25 such numbered cases were produced by Audemars Piguet (this being the last of the batch). However, they were employed - not with consecutive case range - on 2 different references: 16 examples were used for the present ref. 25829TP with openworked dial, and the rest on its sibling ref. 25820TP with solid dial. Thus this is a very quirky - and enormously collectible - example of a 16 pieces limited series model bearing number 25.

Given its looks and production history, it is unarguable that we are in the presence of a masterpiece that is as important and collectible as it is exquisite and entrancing.

Ref. 25829TP Royal Oak Perpetual Calendar

39

34.

AUDEMARS PIGUET — A very rare and incredibly well preserved stainless steel wristwatch with bracelet and self-winding box

Manufacturer

Audemars Piguet

Year

1997

Reference No.

15002ST

Movement No.

414’701

Case No.

D67668.047

Model Name

Royal Oak

Material

Stainless steel

Calibre

Automatic, cal. 2121/3, 36 jewels

Bracelet/Strap

Stainless steel Audemars Piguet bracelet, max length 185mm

Clasp/Buckle

Stainless steel Audemars Piguet deployant clasp

Dimensions

39mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 60,000-120,000 $63,800-128,000 €58,100-116,000 Accessories Accompanied by Audemars Piguet Certificate of Origin dated February 8, 1999 and fitted self-winding box. Further accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

Reference 15002 is a faithful homage to the original reference 5402. Launched in 1996, Audemars Piguet had a stock of caliber 2121 that it wanted to house in a “Jumbo” 39mm Royal Oak case.

Aesthetically this reference was very close to the original reference 5402, so much so that many components were interchangeable. It featured the same monobloc case with a solid caseback and tapisserie dial, only the angle of the bevelled bezel was slightly modified to reach 45 degrees, compared with 40 degrees for ref 5402. The Audemars Piguet signature and applied AP logo were also larger than in the reference 5402.

During the three years this reference was in production only 183 were made in steel and 23 in yellow gold.

The present Royal Oak reference 15002 in steel is number 047 making it one of the earliest examples to grace the auction market. Preserved in absolutely stunning condition, and with an incredible dial that has turned to a homogeneous warm hazelnut color throughout, this timepiece is a unique opportunity for collectors of rare and early Royal Oaks not to be missed.

Ref. 15002ST Royal Oak

39

35.

AUDEMARS PIGUET — A very rare and attractive yellow gold wristwatch with diamond set dial and center dial made of onyx

Manufacturer

Audemars Piguet

Year

1997

Reference No.

14812BA

Movement No.

407’252

Case No.

D60610.684

Model Name

Royal Oak

Material

18K yellow gold, diamonds and onyx

Calibre

Automatic, cal 2125, 33 jewels

Bracelet/Strap

18K yellow gold Audemars Piguet bracelet, max length 190mm

Clasp/Buckle

18K yellow gold Audemars Piguet deployant clasp

Dimensions

36mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 20,000-40,000 $21,300-42,500 €19,400-38,700 Accessories Accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

Reference 14812 is an ultra elusive reference made around 1995 featuring stone dials.

Gem-set Royal Oak timepieces are exquisitely uncommon, but even more uncommon are Royal Oak watches fitted with hardstone dials. Thus, the present watch can be considered an absolute rarity, given that it incorporates in its dial both diamond-pavé and onyx. The aesthetic result is as powerful as the watch is scarce; the shimmering of the diamonds finds its polar opposite in the pitch black central onyx disc, with the result that both materials mutually reinforce each other’s presence.

The luxurious yellow gold case emphasizes the top-tier level of the watch and grants it a warmth that would be most likely very much missed with a white metal case.

Ref. 14812BA Royal Oak

36

36.

AUDEMARS PIGUET — An extremely rare and attractive pink gold perpetual calendar wristwatch with cream dial and bracelet

Manufacturer

Audemars Piguet

Year

1994

Reference No.

25686OR

Movement No.

405’396

Case No.

D34421.12

Model Name

Royal Oak Perpetual Calendar

Material

18K pink gold

Calibre

Automatic, cal 2120/2800, 38 jewels

Bracelet/Strap

18K pink gold Audemars Piguet bracelet, max length 195mm

Clasp/Buckle

18K pink gold Audemars Piguet deployant clasp

Dimensions

39mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 80,000-160,000 $85,100-170,000 €77,400-155,000 Accessories Accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

A new perpetual calendar reference made from 1990-1998, reference 25686 was made in 92 pieces in steel, 70 pieces in yellow gold, 18 pieces in pink gold, 31 pieces in platinum, 25 pieces in platinum and pink gold, 37 in pink gold and platinum, 26 pieces in steel and platinum for a total of 299 watches.

In recent years, so-called “cream” dials - that is, white dials with a particularly warm tonality, more akin to ivory or, indeed, cream rather than pure white - have climbed to the pinnacle of watch collecting both due to their subtly warm hue, and to their rarity.

The present piece offers indeed such a dial color, but fitted on a perpetual calendar Royal Oak with full pink gold case and bracelet. The warmth that this combination exudes is boundless, and one can almost imagine oneself puffing on Cohiba on a Caribbean beach while tasting local rum.

According to our research, it seems that only 18 examples of reference 25686 were produced in pink gold.

Ref. 25686OR Royal Oak Perpetual Calendar

39

37.

AUDEMARS PIGUET — A very attractive and uncommon yellow gold, diamond-set and black Chinese lacquer quartz wristwatch

Manufacturer

Audemars Piguet

Year

1987

Reference No.

66240BA

Movement No.

303’127

Case No.

C22875.470

Model Name

Royal Oak

Material

18K yellow gold, black Chinese lacquer and diamonds

Calibre

Quartz, cal. 2508, 7 jewels

Bracelet/Strap

18K yellow gold, black Chinese lacquer and diamondset Audemars Piguet bracelet, max length 165mm

Clasp/Buckle

18K yellow gold Audemars Piguet deployant clasp

Dimensions

26mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 10,000-20,000 $10,600-21,300 €9,700-19,400 Accessories Accompanied by Audemars Piguet Extrait de Registre confirming the register date of the present timepiece on 16th March 1987. Further accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

It is interesting how from the original idea of creating a stainless steel casual/chic watch the Royal Oak has taken different shapes and variations over time. The present surprising lady’s Royal Oak is the perfect example.

It is definitely chic and glamourous with its yellow gold case, champagne dial and diamond indexes but even more visually interesting are the horizontally set diamonds on the links and the black Chinese lacquer bezel and central links giving the watch an incredibly graphic look.

The watch is set with 264 diamonds for a total of approximately 3.45carats.

Ref. 66240BA Royal Oak

26

38.

AUDEMARS PIGUET — An extremely rare and exclusive white gold wristwatch with jasper dial, date and bracelet, part of a 5-piece series

Manufacturer

Audemars Piguet

Year

1993

Reference No.

14701BC

Movement No.

357’268

Case No.

C94105.056

Model Name

Royal Oak

Material

18K white gold and jasper

Calibre

Automatic, cal. 2125, 18 jewels

Bracelet/Strap

18K white gold Audemars Piguet bracelet, max length 185mm

Clasp/Buckle

18K white gold Audemars Piguet deployant clasp

Dimensions

36mm Diameter

Signed

Case, dial, movement and bracelet signed

further stamped Gay Frères

Estimate CHF 70,000-140,000 $74,400-149,000 €67,800-136,000 Accessories Accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

A variation of reference 14700, reference 14701 was made for just one year in the early 1990s. It was made in around 10 examples, including 5 pieces in white gold.

The present reference 14701BC is, as its code indicates, in white gold. It is presented with an extremely rare jasper, also known as bloodstone, dial. Jasper is a stone with ancestral virtues, used for centuries as protection and a source of strength. Ancient folklore characterized this stone as excellent weapon for warriors or anyone who is experiencing conflicts and challenges. It was believed that this stone would offer protection from harm.

According to our research, only 5 examples of reference 14701 were produced in white gold.

In excellent condition, this watch represents a rare opportunity to hold both a very little-known Royal Oak reference in one of the rarest configuration and a piece that has survived the years without feeling the effect of time.

Ref. 14701BC Royal Oak

36

39.

AUDEMARS PIGUET — An early stainless steel wristwatch with date and bracelet, retailed by Chaumet, one of 3 known examples

Manufacturer

Audemars Piguet

Year

1975

Reference No.

5402ST

Movement No.

158’184

Case No.

99390.B1005 further stamped 1299 RE

Model Name

Royal Oak “Chaumet B Series”

Material

Stainless steel

Calibre

Automatic, cal 2121, 36 jewels

Bracelet/Strap

Stainless steel Audemars Piguet bracelet, max length 175mm

Clasp/Buckle

Stainless steel Audemars Piguet deployant clasp

Dimensions

39mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 80,000-160,000 $85,100-170,000 €77,400-155,000 Accessories Accompanied by Audemars Piguet Certificate of Authenticity and Exclusivity and Chaumet Documentary file confirming the order number 1299 RE on December 3, 1975. Further accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo cosigned Royal Oak 50th Anniversary Attestation.

Launched in 1972, the Audemars Piguet Royal Oak was the world’s first stainless steel luxury sports watch with a fully integrated bracelet. Designed overnight in response to an urgent request for an ‘unprecedented steel watch’, it was at the same time the most expensive stainless steel watch ever made. The brand sought famed designer Gérald Genta, who developed a brilliantly engineered, monobloc case, with a distinctively maritime feel, featuring an octagonal bezel secured

by eight hexagonal, white gold screws, and a dial with tapisserie motif. While today the Royal Oak is a legend, at the beginning it was more than a bet, it was a true visionary revolution, the first appearance of what is today’s most successful kind of wristwatch: the luxury sports watch in steel.

The Royal Oak model reference 5402ST has been produced in four different batches: A, B, C and D with small design details that made each slightly different.

The reference 5402 remained in the Audemars Piguet Catalogues for 25 years and was produced in 6,050 examples over the different series.

Double signed timepieces are a rarity highly cherished by collectors. On an intellectual level, they open a doorway into the largely discontinued practice of co-signing (with notable exceptions) which was obviously a marketing effort from before the field of horological “marketing” was even properly coded. On a collectible level, the conjunction of two brands on the same dial is invaluable to the connoisseur. Co-signing is a dwindling practice, and even back in the days when it was more mainstream only a fraction of a brand’s production would be cosigned. If that is true for any brand, it is especially applicable to Audemars Piguet. In fact, only a handful of co-signed Royal Oak examples are known. The present piece, for example, is one of only 3 known Chaumet-signed reference 5402. Intriguingly, the caseback bears an additional number beyond the serial number: 1299RE. Chaumet’s archives shed ample light on the subject, as it confirms that this co-signed watch was a special order numbered indeed “1299RE”, and goes on to specify that this number was engraved on the back. Offered in spectacular condition, the present piece is an unmissable opportunity for those looking for the rarest variations of vintage Royal Oak timepieces.

Ref. 5402ST Royal Oak “Chaumet B Series”

39

40.

AUDEMARS PIGUET — An extremely rare and attractive platinum perpetual calendar wristwatch with brown dial, bracelet, certificate and box retailed by Asprey bearing No. 1

Ref. 25654PT Royal Oak Perpetual Calendar

40.

AUDEMARS PIGUET — An extremely rare and attractive platinum perpetual calendar wristwatch with brown dial, bracelet, certificate and box retailed by Asprey bearing No. 1

Manufacturer

Audemars Piguet

Year

1988

Reference No.

25654PT

Movement No.

286’619

Case No.

C54927.1 The caseback is further engraved Asprey

Model Name

Royal Oak Perpetual Calendar

Material

Platinum

Calibre

Automatic, cal 2120/2800, 38 jewels

Bracelet/Strap

Platinum Audemars Piguet bracelet, max length 185mm

Clasp/Buckle

Platinum Audemars Piguet deployant clasp

Dimensions

39mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 250,000-500,000 $266,000-532,000 €242,000-484,000 Accessories Accompanied by Audemars Piguet Certificate of Authenticity dated June 03, 1988 and self winding box with outer packaging. Further accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

In 1984, the Royal Oak model was presented with a perpetual calendar, not only a rare complication at the time as very few brands were still producing them, but the audacity of housing this delicate complication in a steel sports watch was mind boggling.

Reference 25654 replaced the first Royal Oak Perpetual calendar reference 25554 in 1987 and was produced until 1998 in 315 pieces in steel, 430 pieces in yellow gold, 68 pieces in steel and yellow gold and 38 in platinum. It differs from its sibling for a slightly thicker case thickness (8.25mm vs the 7.5mm of ref. 25554) meant to improve its water resistance capabilities.

However, even though at first glance the present reference 25654 may seem like steel, the acute eye will notice the matte sheen of the metal giving away that it is in fact platinum.

Once in the hand, the sheer heft of the watch fully discloses its platinum livery.

Another extremely appealing element is the copper brown dial bearing the traditional Royal Oak tapisserie motif and sunray pattern subdials providing for a very visually powerful result.

An extra element of appeal raising the collectability and desirability of the piece is the fact that it bears number 1 and was retailed by Asprey in London (as engraved on the caseback).

The present reference 25654 is in overall very appealing condition and it is part of a very small number of platinum examples - actually only 38 examples were produced in platinum - with such a graphic dial color.

Ref. 25654PT Royal Oak Perpetual Calendar

39

41.

AUDEMARS PIGUET — An extremely attractive stainless steel wristwatch with skeletonized dial, certificate of authenticity and box

Manufacturer

Audemars Piguet

Year

2011

Reference No.

15305ST

Movement No.

791’575

Case No.

H30116.0182

Model Name

Royal Oak

Material

Stainless steel

Calibre

Automatic, cal 3129, 38 jewels

Bracelet/Strap

Stainless steel Audemars Piguet bracelet, max length 190mm

Clasp/Buckle

Stainless steel Audemars Piguet deployant clasp

Dimensions

39mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 80,000-160,000 $85,100-170,000 €77,400-155,000 Accessories Accompanied by Audemars Piguet certificate of authenticity, instructions of use, product literature, original box with outer packaging. Further accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

In production from 2009-2020, reference 15305 is an openworked version of the reference 15300 with caliber 3129 based on a caliber 3120.

In the first years of the new millennium, Audemars Piguet answered the prayers of Royal Oak enthusiasts by introducing reference 15300, featuring for the first time an inhouse movement fully developed by Audemars Piguet: caliber 3120.

Skeletonized watches often feature delicate and ornate hand engraved movements. What is very interesting with the present example is the vividly modernist execution of the skeletonizing.

The front and back plates have been hollowed out, bevelled, polished and ruthenium plated, creating a visually arresting contrast with the steel and brass components as well as the pink gold rotor.

The present model is part of the very first pieces delivered yet it remains unworn, with a sticker on the bracelet and on the bezel and offered with its full set of accessories.

Ref. 15305ST Royal Oak

39

42.

AUDEMARS PIGUET — A very rare stainless steel and platinum perpetual calendar wristwatch with openworked dial and bracelet, number 16 of a limited edition of 25 pieces

Manufacturer

Audemars Piguet

Year

1994

Reference No.

25636SP

Movement No.

391’011

Case No.

D42001.16/25

Model Name

Royal Oak Perpetual Calendar

Material

Stainless steel and platinum

Calibre

Automatic, cal 2120/2800, 38 jewels

Bracelet/Strap

Stainless steel and platinum Audemars Piguet bracelet, max length 190mm

Clasp/Buckle

Stainless steel Audemars Piguet deployant clasp

Dimensions

39mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 150,000-300,000 $160,000-319,000 €145,000-290,000 Accessories Accompanied by Audemars Piguet extract from register. Further accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

Following the presentation of its first perpetual calendar Royal Oak model in 1984, Audemars Piguet followed up with an openworked version in 1986 including a sapphire caseback.

Reference 25636 was in production until 1997 and made in 60 pieces in steel, 156 pieces in yellow gold, 6 pieces in pink gold, 41 pieces in platinum, 24 pieces in pink gold and platinum, and 25 pieces in steel and platinum, for a total of 312 examples.

The present example is one of the scarcest combinations of this reference as it features a steel case with platinum bezel and platinum central links on the bracelet. As proudly declared on the back, only 25 pieces in this configuration ever left Audemars Piguet’s workshop, of which this current example is no. 16.

While the fact that this reference is the first openwork Royal Oak model will appeal to the “historian collectors” and its rarity to the “relic hunters” of the collecting community, the looks of this variation not only set it apart from its peers, but also has universal appeal. While the other variations of the reference usually feature a brushed bezel, this version mounts a mirrorpolished bezel (a somewhat recurring characteristic of pieces with platinum bezels, such as ref. 15202IP - see lot 74). This detail dramatically alters the look of the watch, and is the opposite of what is regularly found on the Royal Oak, the brushed bezel being a nearly universal characteristic of the model.

Not only extremely rare, the present piece is also very well preserved.

Ref. 25636SP Royal Oak Perpetual Calendar

39

43.

AUDEMARS PIGUET — A very attractive pink gold chronograph wristwatch with grey dial, date, bracelet and certificate

Manufacturer

Audemars Piguet

Year

2011

Reference No.

25960OR

Movement No.

783’363

Case No.

H33048.3515

Model Name

Royal Oak Chronograph

Material

18K pink gold

Calibre

Automatic, cal 2385, 37 jewels

Bracelet/Strap

18K pink gold Audemars Piguet bracelet, max length 190mm

Clasp/Buckle

18K pink gold Audemars Piguet deployant clasp

Dimensions

39mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 30,000-60,000 $31,900-63,800 €29,000-58,100 Accessories Accompanied by Audemars Piguet Certificate of Authenticity stamped Oct 09, 2013. Further accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

Pink gold is one of the four classic metals historically employed for watch cases (the other three being white gold, yellow gold and platinum). However, a true “cult” following of this material developed only in recent years: its warm glow has been rediscovered and what was until the last century a seldom employed -and even less often appreciated - metal, is now counted as one of the most sought-after case materials to be found on a timepiece. The hue of the metal is often paired with a chocolate dial, but in this instance Audemars Piguet went off the beaten track and endowed the piece with a dial in a particular dark-grey hue. While offering a welcome change from the often seen pink gold/chocolate dial combo, the color chosen perfectly merges with the rose gold case, granting the watch an astounding sporty suaveness.

Ref. 25960OR Royal Oak Chronograph

39

44.

AUDEMARS PIGUET — A rare and impressive stainless steel perpetual calendar wristwatch with deep dark blue dial and moonphases

Manufacturer

Audemars Piguet

Year

2004

Reference No.

25820ST

Movement No.

548’834

Case No.

E73427.0340

Model Name

Royal Oak Perpetual Calendar

Material

Stainless steel

Calibre

Automatic, cal. 2120/2802, 38 jewels

Bracelet/Strap

Stainless steel Audemars Piguet bracelet, max length 185mm (2 extra links available)

Clasp/Buckle

Stainless steel Audemars Piguet deployant clasp

Dimensions

39mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 100,000-200,000 $106,000-213,000 €96,800-194,000 Accessories Accompanied by Audemars Piguet Extract from the Register and 2 extra links for the bracelet. Further accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

A new Royal Oak perpetual calendar model featuring this time a leap year indicator, reference 25820 was launched in 1996 and was in production until 2013. 628 pieces in steel, 107 pieces in yellow gold, 74 pieces in platinum, 11 in pink gold, 378 in steel and platinum, 15 in tantalum and yellow gold, 9 in tantalum and platinum, and 13 in tantalum and pink gold for a total of 1235 examples.

The Royal Oak Perpetual Calendar, first released in 1984, was powered by the world’s thinnest renowned cal. 2120/2800 with a Jaeger-LeCoultre base and was a total revelation, contributing to the overcoming of the quartz crisis. From 1984 to 1993, early examples of the model showcased a dial without a leap year indicator, whereas subsequent models from 1993 onwards have a leap year indicator. In 1995, the reference 25820 debuted, powered by the cal. 2120/2802 with leap year indicator like the present example. The casing is still distinctive and traditional in form, measuring a comfortable 39mm in diameter and being kept thin. The current stainless steel model has a lovely and appealing dark blue tapisserie dial and is furthermore in excellent condition. The large tapisserie adds another level of complexity and sportiness to the timepiece, making this a terrific opportunity for collectors to obtain an iconic perpetual calendar wristwatch from Audemars Piguet.

Ref. 25820ST Royal Oak Perpetual Calendar

39

45.

AUDEMARS PIGUET — A rare and attractive pink gold dual-time wristwatch with date, day and night indication, power reserve indication, bracelet, box and warranty

Manufacturer

Audemars Piguet

Year

2008

Reference No.

26120OR

Movement No.

664’838

Case No.

G15953.0527

Model Name

Royal Oak Dual Time

Material

18K pink gold

Calibre

Automatic, cal. 2329/2846, 33 jewels

Bracelet/Strap

Alligator

Clasp/Buckle

18K pink gold Audemars Piguet deployant clasp

Dimensions

39mm Diameter

Signed

Case, dial, movement and clasp signed

Estimate CHF 15,000-30,000 ∑ $16,000-31,900 €14,500-29,000 Accessories Accompanied by Audemars Piguet warranty stamped Audemars Piguet Boutique, Geneva dated 01 April 2008 , instruction manual, hang tag, Audemars Piguet fitted presentation box and outer box. Further accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

Reference 26120, in production from 2006 to 2018, was a revamped version of the brand’s original Royal Oak Dual Time reference 25730, but in a larger 39mm case. The second time zone, power reserve and date indications see the addition of a night and day indication on the lower left section of the dial.

The present Royal Oak Dual Time in pink gold is in excellent overall condition. Showcasing a date, day/night and power reserve indicator, this timepiece is both elegant and energetic at the same time. The black “Grande Tapisserie” dial contrasts strongly against the warmer pink gold case and leather strap.

For a 39mm diameter case, this reference features many complications. The first is the power reserve indicator located on the top left area of the dial - quite useful given the various other complications this cal. 2329/2846 has to offer. Secondly, the dual-time zone subdial is positioned at 6 o’clock on the dial and is usually set at the local or “home” time of one’s country of residence. As such, when travelling, setting the ordinary hands to a different time zone won’t affect the dual zone dial mechanism, thereby granting easy readability. The day/night indicator positioned to the left of the dual time dial is another useful feature on this Royal Oak. When the hand is within the white half of the circle, it indicates 24:00 - 12:00, and when the hand is within the black half of the circle, 12:01 - 23:59. This way, it is easy to tell whether the “home” time in the dual time zone is either am or pm.

Ref. 26120OR Royal Oak Dual Time

39

46.

AUDEMARS PIGUET — An extremely rare and fine white gold wristwatch with diamond indexes, certificate of origin and box

Manufacturer

Audemars Piguet

Year

1978

Reference No.

5402BC

Movement No.

174’456

Case No.

B22947.0030

Model Name

Royal Oak

Material

18K white gold

Calibre

Automatic, cal 2121, 36 jewels

Bracelet/Strap

18K white gold Audemars Piguet bracelet, max length 190mm

Clasp/Buckle

18K white gold Audemars Piguet deployant clasp

Dimensions

39mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 80,000-160,000 $85,100-170,000 €77,400-155,000 Accessories Accompanied by Audemars Piguet extract from the register, certificate of origin and box. Furthermore accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

Launched in 1972, the Audemars Piguet Royal Oak was the world’s first stainless steel luxury sports watch with a fully integrated bracelet. Designed overnight in response to an urgent request for an ‘unprecedented steel watch’, it was at the same time the most expensive stainless steel watch ever made.

The brand sought famed designer Gérald Genta, who developed a brilliantly engineered, monoblock case, with a distinctively maritime feel, featuring an octagonal bezel secured by eight

hexagonal, white gold screws, and a dial with tapisserie motif.

While today the Royal Oak is a legend, at the beginning it was more than a bet, it was a true visionary revolution, the first appearance of what is today’s most successful kind of wristwatch: the luxury sport watch in steel.

The Royal Oak model reference 5402ST has been produced in four different batches: A, B, C and D with small design details that made each slightly different.

The reference 5402 remained in the Audemars Piguet Catalogues for 25 years and was produced in 6,050 examples over the different series.

The current Royal Oak in 18-karat white gold is one of the most sought-after variations of the original reference 5402 – popularly known as the “Jumbo.” This reference 5402BC is one of just 150 thought to have been made by the company. Its exquisite heaviness, crafted from 18-karat gold, is striking, especially when contrasted to ordinary manufacturing stainless steel models. Its unique, octagonal bezel measures 39mm in diameter and is fastened by mirror-polished, white gold hexagonal screws that provide an attractive, eye-catching contrast to the brushed polished bezel. The captivating black dial showcases a mini guilloché-”tapisserie” pattern which creates a sense of deepness when contrasted against its diamond hour markers and white gold case. The present timepiece has further kept its original color on the dial, rigidity and proportions on the case, the hallmarks are crisp, and the bracelet further retains its rigidity. For collectors of premium sports watches, the current lot represents a once-in-a-lifetime chance.

Ref. 5402BC Royal Oak

39

47.

AUDEMARS PIGUET — An extremely rare and attractive platinum and pink gold perpetual calendar wristwatch with salmon dial

Manufacturer

Audemars Piguet

Year

1997

Reference No.

25686PR

Movement No.

396’973

Case No.

D44070.13

Model Name

Royal Oak Perpetual Calendar

Material

Platinum and 18K pink gold

Calibre

Automatic, cal 2120/2800, 38 jewels

Bracelet/Strap

Platinum and 18K pink gold Audemars Piguet bracelet, max length 195mm

Clasp/Buckle

Platinum Audemars Piguet deployant clasp

Dimensions

39mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 100,000-200,000 $106,000-213,000 €96,800-194,000 Accessories Accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

A new perpetual calendar reference made from 1990-1998, reference 25686 was made in 92 pieces in steel, 70 pieces in yellow gold, 18 pieces in pink gold, 31 pieces in platinum, 25 pieces in platinum and pink gold, 37 in pink gold and platinum, 26 pieces in steel and platinum for a total of 299 watches.

“This is a transitional model”. How many times such a sentence has been thrown around during a watch discussion - or even more often in an auction catalogue - but what does it actually mean? It means that the watch in question presents characteristics typical of the generation before it, but also characteristics found in the generation after it, making the piece a sort of “missing link” and thus intellectually very relevant in the context of the brand’s evolution. Such is the case of the present timepiece.

It features a modern Audemars Piguet signature - with taller A and P and serifed design - but still misses the leap year indication, as seen in watches made up to 1993 featuring the calibre 2120/2800 - which will be replaced by the leap year version cal. 2120/2802.

Beyond the intellectual intrigue of being a transitional model, the present watch flabbergasts the beholder with the contrast of platinum and pink gold - boosted by the salmon dial.

Compared to a fully platinum case, the juxtaposition with the pink gold makes the white metal appear darker than usual one might be inclined to think the case is tantalum and pink gold - which in result grants the piece a very aggressive and sporty vibe while at the same time not negating the aura of importance that such a rare watch is naturally supposed to carry. According to our researches, it seems that Audemars Piguet only produced 25 examples of this reference in platinum and pink gold.

Ref. 25686PR Royal Oak Perpetual Calendar

39

48.

AUDEMARS PIGUET — A very attractive and subtle yellow gold and diamond set wristwatch with certificate of origin and large wooden box

Manufacturer

Audemars Piguet

Year

1998

Reference No.

67077BA

Movement No.

455’618

Case No.

D91098.235

Model Name

Royal Oak

Material

18K yellow gold and diamonds

Calibre

Quartz, cal 2601, 3 jewels

Bracelet/Strap

18K yellow gold and diamonds Audemars Piguet bracelet, max length 180mm

Clasp/Buckle

18K yellow gold Audemars Piguet deployant clasp further stamped Gay Frères

Dimensions

20mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 12,000-24,000 $12,800-25,500 €11,600-23,200 Accessories Accompanied by Certificate of Origin and large wooden box.

Furthermore accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

An Italian proverb goes like: “nella botte piccola sta il vino buono”, which means “the good wine is in the small cask”.

There could not be a more appropriate expression to describe this Royal Oak creation for ladies. It is impressive how the geometric, sporty design - originally envisioned for a sport watch with a 39mm diameter - works extremely well even within the restrained confines of a 20mm case, fusing grace and strength for a superb result. The diamond setting as well adds panache to the ensemble but without - incredibly - ever appearing excessive. The vertical junction links of the bracelet, which are left without gem-setting, imbue the design with a hint of movement, amplifying the impression of sporty finesse.

Ref. 67077BA Royal Oak

20

49.

AUDEMARS PIGUET — A very attractive and unusual stainless steel wristwatch with yellow dial, date and bracelet

Manufacturer

Audemars Piguet

Year

2002

Reference No.

14790ST

Movement No.

536’378

Case No.

E72286.7219

Model Name

Royal Oak

Material

Stainless steel

Calibre

Automatic, cal 2225, 36 jewels

Bracelet/Strap

Stainless steel Audemars Piguet bracelet, max length 195mm

Clasp/Buckle

Stainless steel Audemars Piguet deployant clasp

Dimensions

36mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 30,000-60,000 $31,900-63,800 €29,000-58,100 Accessories Accompanied by Audemars Piguet Extract from the Register.

Furthermore accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

Reference 14790 was in production from 1992 to 2005. Housing the automatic caliber 2125 and 2225 it remained the central model in the Royal Oak collection until it was replaced by reference 15300.

The model can be divided into 3 series 1st Series (1992): the dial features a vintage style Audemars Piguet signature with a flat A, “Petite Tapisserie” dial and long indexes.

2nd Series (1993-2000): the Audemars Piguet signature is enlarged and features a pointed top A, “Petite Tapisserie” dial and long indexes.

3rd Series (2000-2005): the Audemars Piguet signature is similar to the 2nd Series but the dial features “Grande Tapisserie” motif and short indexes.

The present reference 14790 very visibly differentiates itself by its canary yellow dial. When it was launched in 1992 the model was presented in very traditional combinations; later, a small batch was launched sporting the three primary colors: Red, Blue and Yellow. We are indeed very honored to present the three colors together with lots 12 and 81. In addition to being radically modern with a “Grande Tapisserie” pattern and small indexes, the addition of color quite uncommon within the Royal Oak collection adds immense panache to this watch. According to research, yellow is the rarest dial color of the reference.

Ref. 14790ST Royal Oak

36

50.

AUDEMARS PIGUET — A rare and very well preserved stainless steel wristwatch with “No Series” case and bracelet

Manufacturer

Audemars Piguet

Year

1975

Reference No.

5402ST

Movement No.

147’358

Case No.

99068

Model Name

Royal Oak Jumbo, “No Series”

Material

Stainless steel

Calibre

Automatic, cal 2121, 36 jewels

Bracelet/Strap

Stainless steel Audemars Piguet bracelet, max length 190mm

Clasp/Buckle

Stainless steel Audemars Piguet deployant clasp

Dimensions

39mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 80,000-160,000 $85,100-170,000 €77,400-155,000 Accessories Accompanied by Audemars Piguet Extract from Register. Furthermore accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

Launched in 1972, the Audemars Piguet Royal Oak was the world’s first stainless steel luxury sports watch with a fully integrated bracelet. Designed overnight in response to an urgent request for an ‘unprecedented steel watch’, it was at the same time the most expensive stainless steel watch ever made.

The brand sought famed designer Gérald Genta, who developed a brilliantly engineered, monobloc case, with a distinctively maritime feel, featuring an octagonal bezel secured by eight hexagonal, white gold screws, and a dial with tapisserie motif.

While today the Royal Oak is a legend, at the beginning it was more than a bet, it was a true visionary revolution, the first appearance of what is today’s most successful kind of wristwatch: the luxury sports watch in steel. The Royal Oak model reference 5402ST has been produced in four different batches: A, B, C and D with small design details that made each slightly different.

The reference 5402 remained in the Audemars Piguet Catalogues for 25 years and was produced in 6,050 examples over the different series. Until recently, It was commonly believed that all cases of reference 5402 bore a serial number to the back (the famous A, B, C and D series). Examples without serial number were known but not accepted by the market which deemed such cases service replacements (in the best case scenario).

It is only recently that in depth research - backed by the robust Audemars Piguet archive - has subverted such belief and in fact demonstrated that “no number” cases are fully legitimate and part of the original production of reference 5402, and - as expected - extremely rare. According to the archives, such watches were mostly produced in 1975, for a total of 129 pieces.

This was a transitional series of watches made after the end of the A series: the original decision was to stop using lettered case numbers, but eventually the company rescinded this choice and went on to the B series.

Such an unusual production is undoubtedly due to the more elastic structure the company had during those years - as discussed earlier - which ultimately became responsible for the creation of one of the most elusive variations of the hallowed reference 5402: a true example of serendipity in watchmaking.

Ref. 5402ST Royal Oak Jumbo, “No Series”

39

51.

AUDEMARS PIGUET — A very attractive and colorful stainless steel perpetual calendar wristwatch with blue sapphire dial, bracelet, certificate of origin and box

Manufacturer

Audemars Piguet

Year

1997

Reference No.

25654ST

Movement No.

425’083

Case No.

D60423.1077

Model Name

Royal Oak Perpetual Calendar “Yves Klein”

Material

Stainless steel

Calibre

Automatic, cal 2120/2800, 38 jewels

Bracelet/Strap

Stainless steel Audemars Piguet bracelet, max length 195mm

Clasp/Buckle

Stainless steel Audemars Piguet deployant clasp

Dimensions

39mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 120,000-240,000 $128,000-255,000 €116,000-232,000 Accessories Accompanied by Audemars Piguet Certificate of Origin stamped Orologeria Gioielleria Andrea Concato and self winding box with outer packaging. Furthermore accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

Reference 25654 replaced the first Royal Oak Perpetual calendar reference 25554 in 1987 and was produced until 1998 in 315 pieces in steel, 430 pieces in yellow gold, 68 pieces in steel and yellow gold and 38 in platinum. It differs from its sibling for a slightly thicker case thickness (8.25mm vs the 7.5mm of ref. 25554) meant to improve its water resistance capabilities.

When the beauty and rarity of the “Sapphire Blue” (aka, “Yves Klein”) dial merges with the collectability and historical appeal of a “no leap year” perpetual calendar Royal Oak, one knows without a doubt that one is in the presence of a wristwatch that is as eminently collectible as it is strikingly charming.

Offered in excellent condition of both case and dial, the present watch will not fail to satisfy the horological needs of the most demanding Royal Oak collectors.

Ref. 25654ST Royal Oak Perpetual Calendar “Yves Klein”

39

52.

AUDEMARS PIGUET — An extremely rare and fine stainless steel wristwatch with date and bracelet, made for the Sultanate of Oman

Manufacturer

Audemars Piguet

Year

1973

Reference No.

5402ST

Movement No.

142’417

Case No.

67996.A996

Model Name

Royal Oak Jumbo “Khanjar”

Material

Stainless steel

Calibre

Automatic, cal 2121, 36 jewels

Bracelet/Strap

Stainless steel Audemars Piguet bracelet, max length 190mm

Clasp/Buckle

Stainless steel Audemars Piguet deployant clasp further signed Gay Frères

Dimensions

39mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 150,000-300,000 $160,000-319,000 €145,000-290,000 Accessories Accompanied by Audemars Piguet Certificate of Authenticity dated October 17, 1973, outer box and fitted presentation box. Furthermore accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

The present reference 5402 “A Series” Royal Oak truly deserves the Royal in its name as it is a piece commissioned by The Sultan of Oman, His Majesty Sultan Qaboos bin Said al Said.

The dial of the present reference 5402 is different to the regular production models as it is black (and not blue/grey) lacking the tapisserie motif but with elegant diamond markers and proudly exhibiting the “Khanjar” daggers - the emblem of Oman - on the lower part of the dial. Research shows that a batch of 6 dials without tapisserie, with diamond-set indexes and an emblem at 6 o’clock has been ordered by Audemars Piguet in spring 1973.

The Sultan of Oman, His Majesty Sultan Qaboos bin Said al Said, was a well-known collector and horological enthusiast, and specially commissioned watches from the finest manufactures to be given as gifts to loyal servants and foreign dignitaries. His Majesty ascended to the throne on July 23, 1970, which makes the present watch likely to be amongst the first gifts he offered during his reign.

His Majesty was born in 1940. Following his ascent to the throne aged 30, the monarch “modernized” the state by launching a series of programs to advance the healthcare, education, and infrastructure systems in Oman.

In absolutely astounding condition, the present “A Series” is part of a handful of examples known bearing the Khanjar.

Ref. 5402ST Royal Oak Jumbo “Khanjar”

39

53.

AUDEMARS PIGUET — A rare and very attractive stainless steel and yellow gold wristwatch with date, bracelet and original box made for the Sultanate of Oman

Manufacturer

Audemars Piguet

Year

1978

Reference No.

4100SA

Movement No.

187’908

Case No.

B21317.599

Model Name

Royal Oak Khanjar

Material

Stainless steel and 18K yellow gold

Calibre

Automatic, cal 2123, 33 jewels

Bracelet/Strap

Stainless steel and 18K yellow gold Audemars Piguet bracelet, max length 185mm

Clasp/Buckle

Stainless steel and 18K yellow gold Audemars Piguet

Dimensions

35mm Diameter

Signed

Case, dial, movement and bracelet signed

deployant clasp

Estimate CHF 15,000-30,000 $16,000-31,900 €14,500-29,000 Accessories Accompanied by Audemars Piguet extract from the register and original box with the Khanjar emblem. Furthermore accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo cosigned Royal Oak 50th Anniversary Attestation.

Launched in 1977 and in production until 1985 (but still available until 2002) reference 4100 is also called the Royal Oak III as it was the third model launched after the original reference 5402 and reference 8638.

With a more restrained 35mm diameter, this reference was the first Royal Oak to be equipped with centre seconds, it was available in steel, yellow gold, white gold and two-tone versions.

The majority of the models were equipped with calibre 2123, but some of the later creations were powered by calibre 2125 and others by calibre 2124. From 1982 onwards, at least 96 watches had their mechanical calibre replaced by quartz calibre 2506, which was originally fitted in at least 36 watches.

This watch stands out of normal production thanks to the elegant and highly prized Khanjar emblem which stands just below the brand’s logo, at 12 o’clock. Very interestingly, we see that the name of the brand and the inscription “Automatic” have been moved down to 6 o’clock to make room for the logo of the Sultanate of Oman. The watch is presented today in its original condition, it has most certainly never been polished and the patina that the yellow gold bezel has developed attests to the fact that it has not been worn for a long period of time.

Produced in 1978, this steel and yellow gold watch transmits the aesthetic codes of the 80s. It represents a rare opportunity to own a piece typical of its generation, underlining the importance on this model for the greatest collectors.

Ref. 4100SA Royal Oak Khanjar

35

54.

AUDEMARS PIGUET — An supremely rare, early and historically insightful stainless steel perpetual calendar wristwatch with moonphases, bracelet, MK I dial, 4-digit reference and “triple serial” case

Manufacturer

Audemars Piguet

Year

1985

Reference No.

5554ST

Movement No.

273’841

Case No.

D1495.046.B29282

Model Name

Royal Oak Perpetual calendar, “Triple Serial”

Material

Stainless Steel

Calibre

Automatic, cal. 2120/2800, 38 jewels

Bracelet/Strap

Stainless Steel Audemars Piguet bracelet, max length 170mm

Clasp/Buckle

Stainless Steel Audemars Piguet deployant clasp

Dimensions

39mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 80,000-160,000 $85,100-170,000 €77,400-155,000 Accessories Accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

The “luxury sports watch” concept itself was in the 1980s only a decade old (as the present theme sale reminds us), and not remotely as well-established as today. To add a complication - and not a minor one but a perpetual calendar - to a sports watch was at the time nearly as groundbreaking as the first Royal Oak had been in 1972. Given the technical complexities of both movement and of creating a waterproof case with the necessary pushers, these watches were very costly which, together with a market not completely ready for such a product, meant production was very low.

Released in 1984, reference 5554 (later 25554), was indeed the first perpetual calendar sports watch by any brand, powered by the famous workhorse caliber 2120/2800. A textbook example of early production, this example is a gold mine for the connoisseur of early complicated Royal Oak timepieces. As expected it does not feature a leap year indication on the dial (such feature would be introduced in 1993 with cal. 2120/2802), and sports the charming small Audemars Piguet signature.

Additionally, the Archives confirm that this is reference 5554, thus a very early example of the model. In the mid 1980s Audemars Piguet switched to a 5-digits reference system, renaming the present model reference 25554.

Finally, the details of its case offer an interesting insight into the semi-artisanal production procedures of the company at the time. In fact the watch does not only bear the usual 2 case numbers (in this instance: D1495 and 046) found on Royal Oak pieces, but it actually has a third case number stamped to the inside of the back: B29282. When checking with the Archives, the match occurs between the “hidden” B29282 case number and the movement number. As explained by Audemars Piguet, this is because some late 5402 cases were modified and repurposed for ref. 5554, but the “original” case number intended for ref. 5402 was left on the outside, this being one of such incredibly interesting and rare timepieces.

Research shows that approximately 458 examples of this model where produced in steel; already a restricted number, but it is safe to say that only a very tiny fraction of them happens to be a “Triple Serial” 5554, making this watch one of the most intriguing and historically interesting early perpetual calendar Royal Oak.

Ref. 5554ST Royal Oak Perpetual calendar, “Triple Serial”

39

55.

AUDEMARS PIGUET — A very elegant yellow gold wristwatch with champagne dial, diamond bezel date and bracelet

Manufacturer

Audemars Piguet

Year

1989

Reference No.

14544BA

Movement No.

321’470

Case No.

C61916.355

Model Name

Royal Oak

Material

18K yellow gold

Calibre

Automatic, cal. 2131, 19 jewels

Bracelet/Strap

18K yellow gold Audemars Piguet bracelet, max length 190mm

Clasp/Buckle

18K yellow gold Audemars Piguet deployant clasp

Dimensions

36mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 30,000-60,000 $31,900-63,800 €29,000-58,100

Reference 14544 is a gemset variant of reference 14486 housing the automatic caliber 2131 and made in around 102 pieces from 1988-1992.

This stunning reference 14544BA is cased in yellow gold and fitted with a diamond bezel and champagne dial. Only a handful in this configuration has appeared on the international auction market, making the present watch a very rare example - most examples of this version in yellow gold display a pavé dial.

In general, Audemars Piguet made very few examples with gem-set bezels, making the present model a rarity within their catalog. Furthermore, this particular example is preserved in stunning condition, with sharp numbers on the case back and crisp hallmarks, showing how little intervention the timepiece has seen since it left the Audemars Piguet manufacture in 1989.

Accessories Accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

56. NO LOT

Ref. 14544BA Royal Oak

36

57.

AUDEMARS PIGUET — An impressive pink gold perpetual calendar wristwatch with moonphases, equation of time, original guarantee and box

Ref. 26603OR Royal Oak Equation of Time

57.

AUDEMARS PIGUET — An impressive pink gold perpetual calendar wristwatch with moonphases, equation of time, original guarantee and box

Manufacturer

Audemars Piguet

Year

2013

Reference No.

26603OR

Movement No.

825’329

Case No.

H48247.0070

Model Name

Royal Oak Equation of Time

Material

18K pink gold

Calibre

Automatic, cal 2120/2808, 33 jewels

Bracelet/Strap

18K pink gold Audemars Piguet bracelet, max length 180mm

Clasp/Buckle

18k pink gold Audemars Piguet deployant clasp

Dimensions

42mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 70,000-140,000 $74,400-149,000 €67,800-136,000 Accessories Accompanied by Audemars Piguet Warranty Authentication and Register Certificate, instruction manual, service papers, additional rubber strap, pink gold deployant clasp, hang tag, suede pouch, extra links, key, fitted presentation winding box and outer packaging.

Furthermore accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

The Royal Oak Equation of Time was in production from 20102015.

If flamboyance and glamour were personified in a timepiece, it would definitely be the present Royal Oak Equation of Time in pink gold.

In the early 2000s, Audemars Piguet was the first brand to integrate in a wristwatch not only a perpetual calendar but an equation of time (based on the wearer’s city of choice) as well as time of sunset and sunrise and presented in a very legible manner.

The equation of time indicates the difference between civilian time and true solar time. For convenience a day is divided into 24 hours however, due to the earth’s elliptical path around the sun as well as its tilted rotation axis a day is not exactly 24 hours and depending on the season can be longer or shorter.

The blue equation of time hand indicates the true solar time on an inner ring graduated from –15 minutes to +15 minutes.

Nonetheless, the mean solar culmination point depends on the wearer’s exact location and on the longitude of a given place on the globe. The equation of time read-off system developed by Audemars Piguet takes account of this specific place.

The present Royal Oak is calibrated for Frankfurt (as indicated on the inner ring) and the time of the solar zenith is indicated next to the city (here 12h25).

Other than the traditional calendar indication, the present example also indicates the times of sunrise and sunset in the owner’s desired city indicated via two subdials at 3 and 9 o’clock.

The equation of time mechanism and inner city ring can be easily changed by Audemars Piguet to reflect the city of choice of the new owner.

In very well preserved condition the watch is accompanied by its full set of accessories.

Ref. 26603OR Royal Oak Equation of Time

42

58.

AUDEMARS PIGUET — An impressive and lavish white gold, diamond and emerald-set wristwatch with date and bracelet

Manufacturer

Audemars Piguet

Year

1994

Reference No.

66746BC

Movement No.

395’145

Case No.

D45626.241

Model Name

Royal Oak

Material

18K white gold, diamonds and emeralds

Calibre

Quartz, cal. 2610, 8 jewels

Bracelet/Strap

18K white gold, diamond and emerald set Audemars Piguet bracelet, max length 170mm

Clasp/Buckle

18k white gold Audemars Piguet deployant clasp

Dimensions

26mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 100,000-200,000 $106,000-213,000 €96,800-194,000 Accessories Accompanied by Audemars Piguet extra large wooden fitted presentation box. Furthermore accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

This lavishly executed Royal Oak with pavé dial, diamond and emerald-set bracelet is impressive beyond words. It conveys a sense of glamour, gravitas, and refined opulence. Restrained in size but large in personality the present Royal Oak is a true gem in every sense. The gem-setting on this timepiece is second to none, the combination of emeralds and diamonds exudes elegance and refinement. Intended for a female audience the watch can be dressed up or down for a wide range of events.

Ref. 66746BC Royal Oak

26

59.

AUDEMARS PIGUET — An extremely rare stainless steel limited edition wristwatch with sapphire blue dial, date, bracelet and certificate made to celebrate the 20th anniversary of the model

Manufacturer

Audemars Piguet

Year

1992

Reference No.

14802ST

Movement No.

374’467

Case No.

D12257.85

Model Name

Royal Oak Jubilée “Yves Klein”

Material

Stainless steel

Calibre

Automatic, cal 2121, 36 jewels

Bracelet/Strap

Stainless steel Audemars Piguet bracelet, max length 185mm

Clasp/Buckle

Stainless steel Audemars Piguet deployant clasp

Dimensions

39mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 100,000-200,000 $106,000-213,000 €96,800-194,000 Accessories Accompanied by Audemars Piguet Certificate of Authenticity dated December 16, 1992, timepiece life and care card and service box.

Furthermore accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

The reference 14802 saw the rebirth of the 39mm “Jumbo” Royal Oak for the 20th anniversary of the Royal Oak. Sold between 1992 and 2002, 691 examples were produced in

steel (with 2 dial variations), 286 in yellow gold (with 4 dial variations), along with 20 in platinum (with 2 dial variations).

Ref. 14802 introduced the first salmon dials as well as hammered “Tuscan blue” iterations, although there is no record of how many of these special dials were produced. In addition, a sapphire caseback revealed calibre 2121 and most of the latter’s gold oscillating weights featured an anniversary motif accompanied by the case number.

The present example is one of the rarest iterations as it features a stunning blue dial dubbed “Yves Klein” by collectors as the intense electric blue is reminiscent of the characteristic color used by the French artist in the 60’s. Having been fascinated by the sky since a young age, Yves Klein spent much time perfecting the exact shade of brilliant ultramarine blue because he thought it captured the sense of space. Klein’s paintings became centered on this color, which was patented later on as “International Klein Blue (IKB).

Research further shows that these specific dials where produces by “Stern Creations”, which also made the dials of the original 5402ST. Preserved in excellent overall condition, the watch, with its 39mm “Jumbo” case, exudes presence on the wrist while remaining well balanced as a result of its slim case. The splash of electric “ Yves Klein” blue adds playfulness and further dramatizes the timepiece’s overall appearance.

Ref. 14802ST Royal Oak Jubilée “Yves Klein”

39

60.

AUDEMARS PIGUET — A very attractive and elegant white gold wristwatch with bracelet and fitted presentation box

Manufacturer

Audemars Piguet

Year

1999

Reference No.

14790BC

Movement No.

437’366

Case No.

D60889.0088

Model Name

Royal Oak

Material

18K white gold

Calibre

Automatic, cal 2225, 36 jewels

Bracelet/Strap

18k white gold Audemars Piguet bracelet, max length 170mm

Clasp/Buckle

18k white gold Audemars Piguet deployant clasp

Dimensions

36mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 40,000-80,000 $42,500-85,100 €38,700-77,400 Accessories Accompanied by Audemars Piguet Extrait de Registre confirming sale date on 07 April 1999, fitted presentation box and outer packaging.

Furthermore accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

Reference 14790 was in production from 1992 to 2005. Housing the automatic caliber 2125 and 2225 it remained the central model in the Royal Oak collection until it was replaced by reference 15300.

The model can be divided into 3 series 1st Series (1992): the dial features a vintage style Audemars Piguet signature with a flat A, “Petite Tapisserie” dial and long indexes 2nd Series (1993-2000): the Audemars Piguet signature is enlarged and features a pointed top A, “Petite Tapisserie” dial and long indexes 3rd Series (2000-2005): the Audemars Piguet signature is similar to the 2nd Series but the dial features “Grande Tapisserie” motif and short indexes.

The present timepiece - from the 2nd series - is an incredibly rare execution in white gold of which only a handful are known to exist. Furthermore it remains in excellent condition with strong proportions and sharp angles. The present reference 14790 is one of the rarest iterations of this central reference.

Ref. 14790BC Royal Oak

36

61.

AUDEMARS PIGUET — A very attractive stainless steel perpetual calendar wristwatch with salmon dial, bracelet, certificate and box

Manufacturer

Audemars Piguet

Year

1992

Reference No.

25654ST

Movement No.

354’601

Case No.

C94862.763

Model Name

Royal Oak Perpetual Calendar

Material

Stainless steel

Calibre

Automatic, cal 2120/2800, 38 jewels

Bracelet/Strap

Stainless steel Audemars Piguet bracelet, max length 180mm

Clasp/Buckle

Stainless steel Audemars Piguet deployant clasp

Dimensions

39mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 100,000-200,000 $106,000-213,000 €96,800-194,000 Accessories Accompanied by Audemars Piguet undated Certificate of Origin, outer packaging and fitted winding box. Furthermore accompanied

by Audemars Piguet and Phillips in Association with Bacs & Russo cosigned Royal Oak 50th Anniversary Attestation.

Reference 25654 replaced the first Royal Oak Perpetual calendar reference 25554 in 1987 and was produced until 1998 in 315 pieces in steel, 430 pieces in yellow gold, 68 pieces in steel and yellow gold and 38 in platinum. It differs from its siblings due to its slightly thicker case (8.25mm vs the 7.5mm of ref. 25554) meant to improve its water resistance capabilities.

The present example is offered in the most classical of the Royal Oak metals - stainless steel. Any steel example of this cornerstone model is to be considered the endgame for the collector of sports timepieces, but the present example exceeds any collector’s wildest dreams as a result of its flawless salmon dial, making this a variation as sought-after as it is attractive and difficult to come across. The dial design is as expected a “Mk I”, featuring the old-school small Audemars Piguet signature (found at least until mid-production of C cases, but examples are known also from D cases) and no leap year indication.

Ref. 25654ST Royal Oak Perpetual Calendar

39

62.

AUDEMARS PIGUET — An attractive and very well preserved stainless street chronograph wristwatch with date, bracelet, certificate of guarantee and box

Manufacturer

Audemars Piguet

Year

2008

Reference No.

25860ST

Movement No.

658’767

Case No.

G13948.11952

Model Name

Royal Oak Chronograph “Kasparov”

Material

Stainless steel

Calibre

Automatic, cal 2385, 37 jewels

Bracelet/Strap

Stainless steel Audemars Piguet bracelet, max length 185mm

Clasp/Buckle

Stainless steel Audemars Piguet deployant clasp

Dimensions

39mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 20,000-40,000 $21,300-42,500 €19,400-38,700 Accessories Accompanied by Audemars Piguet Certificate of Guarantee and Authenticity, user manual, product literature, box and outer packaging.

Furthermore accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

Whereas the Royal Oak was born as a leisure/chic steel watch it wasn’t until the 25th anniversary of the model in 1997 that a chronograph complication was added to the catalogue, housing the automatic caliber 2385. Reference 25860 was in production until 2012.

The Royal Oak Chronograph ref 25860ST shares the full genetic codes of the original Royal Oak, as while it can be considered a sportier version than the time only model due to the presence of a chronograph function, it retains an incredibly elegant and suave presence that makes it one of the most versatile chronographs of its generation.

This reference is nicknamed “Kasparov” by collectors as the legendary chess Grandmaster Garry Kasparov wore one during his professional games and would always remove it from his wrist prior to his last, winning moves.

The present example not only impresses thanks to its amazing good looks but also thanks to its incredible almost unworn condition.

Ref. 25860ST Royal Oak Chronograph “Kasparov”

39

63.

AUDEMARS PIGUET — A stunning stainless steel perpetual calendar wristwatch with openworked dial, number 27 of a 50 piece limited edition

Manufacturer

Audemars Piguet

Year

1995

Reference No.

25636ST

Movement No.

391’032

Case No.

D42072.27/50

Model Name

Royal Oak Perpetual Calendar

Material

Stainless steel

Calibre

Automatic, cal 2120/2800_SQ, 38 jewels

Bracelet/Strap

Stainless steel Audemars Piguet bracelet, max length 180mm

Clasp/Buckle

Stainless steel Audemars Piguet deployant clasp

Dimensions

39mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 150,000-300,000 $160,000-319,000 €145,000-290,000 Accessories Accompanied by Audemars Piguet Extract from Register and a pouch. Furthermore accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

Following the presentation of its first perpetual calendar Royal Oak model in 1984, Audemars Piguet followed up with an openworked version in 1986 including a sapphire caseback.

Reference 25636 was in production until 1997 and made in 60 pieces in steel, 156 pieces in yellow gold, 6 pieces in pink gold, 41 pieces in platinum, 24 pieces in pink gold and platinum, and 25 pieces in steel and platinum, for a total of 312 examples.

Exceptionally bold, the present Royal Oak Perpetual Calendar is offered in excellent condition with a visually arresting openwork dial and movement. The beholder is hypnotized by the breathtaking view of the movement from both front and back. Non-essential metal from the movement’s plates and bridges have been removed, while the remaining “openworked” parts have been delicately hand engraved and finished. One can see a symphony of foliage, chamfering, mirror polishing and sunray finishes.

The present reference 25636 is part of the last generation of openworked perpetual calendar models offered without a leapyear indicator, which would later be introduced on all subsequent Royal Oak perpetual calendar models by the mid-1990s. Highly sought-after by connoisseurs, these first generation models are appreciated for their simple and pure elegance.

One of just 60 pieces made in steel, the present watch will surely impress the most discerning collectors who are seeking for a splendid specimen of this coveted reference.

Ref. 25636ST Royal Oak Perpetual Calendar

39

64.

AUDEMARS PIGUET — An impressive and luxurious white gold and diamond-set wristwatch with date, bracelet and presentation box

Manufacturer

Audemars Piguet

Year

1998

Reference No.

56343BC

Movement No.

442’583

Case No.

D58305.205

Model Name

Royal Oak

Material

18K white gold and diamonds

Calibre

Quartz, cal. 2612

Bracelet/Strap

18K white gold and diamond-set Royal Oak bracelet, max length 190mm

Clasp/Buckle

18K white gold and diamond-set deployant clasp

Dimensions

33.5mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 40,000-80,000 $42,500-85,100 €38,700-77,400 Accessories Accompanied by Audemars Piguet presentation box. Furthermore accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

Cased in white gold and completely set with pavé and baguette diamonds, the present watch is a sight to behold. Audemars Piguet was completely at the forefront of creating dazzling gemset pieces, and the present watch is no exception. While the dial and bezel are set with brilliant diamonds, the vertical links on the bracelet are set with baguette diamonds. Furthermore, the case is preserved in excellent condition with sharp and crisp hallmarks.

Heavy, imposing and stately, the present timepiece is indeed a statement of luxury and opulence.

Ref. 56343BC Royal Oak

33.5

65.

AUDEMARS PIGUET — A rare and attractive stainless steel and platinum perpetual calendar wristwatch with black dial, original certificate and winding box

Manufacturer

Audemars Piguet

Year

2000

Reference No.

25820SP

Movement No.

424’964

Case No.

E25303.078

Model Name

Royal Oak Perpetual Calendar

Material

Stainless steel and platinum

Calibre

Automatic, cal 2120/2802, 38 jewels

Bracelet/Strap

Stainless steel and platinum Audemars Piguet bracelet, max length 185mm

Clasp/Buckle

Stainless steel Audemars Piguet deployant clasp

Dimensions

39mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 80,000-160,000 $85,100-170,000 €77,400-155,000 Accessories Accompanied by Audemars Piguet Certificate of Origin, user manual, Audemars Piguet attestation that the watch left the manufacture in 2000 year of it’s 125th anniversary, hang tag, setting pin, self-winding box with outer packaging. Furthermore accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

A new Royal Oak perpetual calendar model featuring this time a leap year indicator, reference 25820 was launched in 1996 and in production until 2013, 628 pieces in steel, 107 pieces in yellow gold, 74 pieces in platinum, 11 in pink gold, 378 in steel and platinum, 15 in tantalum and yellow gold, 9 in tantalum and platinum, and 13 in tantalum and pink gold for a total of 1235 examples.

The aesthetic impact of this breathtaking perpetual calendar Royal Oak is entrusted to the combination of its black dial and mirror-finished platinum bezel. While normally the Royal Oak bezel is satin-finished like most of the rest of the case, some rare examples - usually, but not exclusively, featuring platinum bezel such as in this instance - present this unusual mirror finishing. While it might sound as a simple detail, in fact this different finish changes dramatically the look of the piece. In this instance, the glimmer of the polished bezel is mirrored by the silvered chapter rings of the subsidiary counters. The final result is an ode to sporty elegance.

Ref. 25820SP Royal Oak Perpetual Calendar

39

66.

AUDEMARS PIGUET — A rare and subtle yellow gold limited edition wristwatch with cream dial, certificate of origin and box made to celebrate the 20th anniversary of the model

Manufacturer

Audemars Piguet

Year

1993

Reference No.

14802BA

Movement No.

391’401

Case No.

D35513.252

Model Name

Royal Oak Jubilée

Material

18K yellow gold

Calibre

Automatic, cal 2121, 36 jewels

Bracelet/Strap

18K yellow gold Audemars Piguet bracelet, max length 195mm

Clasp/Buckle

18K yellow gold Audemars Piguet deployant clasp

Dimensions

39mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 100,000-200,000 $106,000-213,000 €96,800-194,000 Accessories Accompanied by Audemars Piguet Certificate of Origin, instruction manual, box with outer packaging. Furthermore accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo cosigned Royal Oak 50th Anniversary Attestation.

The reference 14802 saw the rebirth of the 39mm “Jumbo” Royal Oak for the 20th anniversary of the Royal Oak. Sold between 1992 and 2002, 691 examples were produced in steel (with 2 dial variations), 286 in yellow gold (with 4 dial variations), along with 20 in platinum (with 2 dial variations).

Ref. 14802 introduced the first salmon pink dials as well as hammered “Tuscan blue” iterations, although there is no record of how many of these special dials were produced. In addition, a sapphire caseback revealed Calibre 2121 and most of the latter’s gold oscillating weights featured an anniversary motif accompanied by the case number.

The present yellow gold reference 14802 is beautifully complemented by an incredibly attractive ivory color dial.

Audemars Piguet pushed the refinement even further by including a golden date disc to echo the aesthetics of the case and indexes, a subtle but important detail. This combination adds a lot of light and shine to the watch and gives it a “Miami Vice” look.

The present watch’s rotor bears the special anniversary engraving and the watch number.

Sold in 1993 the present Audemars Piguet Royal Oak ref. 14802BA is not only extremely well preserved but it is also accompanied by its original guarantee and fitted presentation box.

Ref. 14802BA Royal Oak Jubilée

39

67.

AUDEMARS PIGUET — An extremely attractive ceramic perpetual calendar wristwatch with bracelet and certificate

Manufacturer

Audemars Piguet

Year

2017

Reference No.

26579CE

Movement No.

961’316

Case No.

J43170

Model Name

Royal Oak Perpetual Calendar

Material

Ceramic

Calibre

Automatic, cal. 5134, 38 jewels

Bracelet/Strap

Ceramic Audemars Piguet bracelet, max length 190mm

Clasp/Buckle

Ceramic Audemars Piguet deployant clasp

Dimensions

41mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 100,000-200,000 $106,000-213,000 €96,800-194,000 Accessories Accompanied by Certificate of Authenticity dated April 21, 2017.

Furthermore accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

Audemars Piguet has developed, in recent years, a groundbreaking tradition of experimenting with novel materials.

For example, in 2007 they launched the Offshore Alinghi Team ref. 26062 which was made out of forged carbon, at the time a highly uncommon proposition (and daunting to produce).

One of the most recent - and arguably most attractive watches that represent this trend is the present perpetual calendar Royal Oak in ceramic. Released in 2017, the watch was an immediate success (and was followed in 2019 by a white ceramic version with blue/white dial). One could write rivers of ink about the technical complexity of realizing not only a case but also - and maybe especially! - a ceramic bracelet, but such an intellectual debate would not do justice to the most obvious quality of the timepiece: its undiluted, nearly brutally powerful aesthetic impact. An ideal synthesis of the current trend in watchmaking - this is a piece devoted to its heritage but groundbreaking in its execution - it is no surprise that to date it is one of the most coveted, collectible and even wearable recent Royal Oak creations, a piece that would fit with equal ease the wrist of Bruce Wayne and that of Thomas Crown.

Ref. 26579CE Royal Oak Perpetual Calendar

41

68.

AUDEMARS PIGUET — An impressive, unique and highly complicated white gold and diamondset minute repeating, perpetual calendar, split-seconds chronograph wristwatch with moonphases, blue mother-of-pearl subdials, bracelet, certificate of origin and box. Number 1/1

With reference 25990, Audemars Piguet upped the ante by delicately gem setting the Royal Oak Grande Complication.

These pieces were produced from 2002 until 2011 in white gold and pink gold.

Watch collecting can be construed as made up of two different aspects. On the one hand, collectors appreciate the aesthetics of a watch; when endowed with particular dials, unusual case materials, special decorative techniques and so on, timepieces acquire a whole new level of appeal. On the other hand, there is the mechanical complexity of a timepiece which is composed of the different complications and regulating devices.

The present example represents the most sumptuous merging of these two universes: a true Grande Complication fully set with diamonds and featuring blue mother-of-pearl subsidiary dials.

Ref. 25990BC Royal Oak Grande Complication

68.

AUDEMARS PIGUET — An impressive, unique and highly complicated white gold and diamondset minute repeating, perpetual calendar, split-seconds chronograph wristwatch with moonphases, blue mother-of-pearl subdials, bracelet, certificate of origin and box. Number 1/1

Manufacturer

Audemars Piguet

Year

2002

Reference No.

25990BC

Movement No.

415’478

Case No.

E71337. 1/1

Model Name

Royal Oak Grande Complication

Material

18K white gold, diamonds and mother-of-pearl

Calibre

Automatic, cal 2885, 52 jewels

Bracelet/Strap

18K white gold, diamond-set Audemars Piguet bracelet, max length 180mm

Clasp/Buckle

18K white gold, diamond-set Audemars Piguet deployant clasp

Dimensions

45mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 250,000-500,000 $266,000-532,000 €242,000-484,000 Accessories Accompanied by Audemars Piguet Certificate of Guarantee and Certificate of Origin confirming the watch as a pièce unique, sale of the present watch in 2002, and stamped by Audemars Piguet, key and key pouch, fitted and wooden presentation box. Further accompanied

by Audemars Piguet and Phillips in Association with Bacs & Russo cosigned Royal Oak 50th Anniversary Attestation.

Gem-set Royal Oak pieces - especially dating to more than a few years ago - are enormously scarce, both due to the cost of the objects, but also to the fact that gem-setting on a sports watch is a conflictual combination as the ethos of the watch calls for more robust and technical materials (steel above all).

On the technical side, while the term “Grande Complication” is wildly abused these days for marketing purposes, it has a semi-official definition - hardly ever respected, with the present watch being the exception to the rule: a watch defined as a “true” Grande Complication timepiece should incorporate a timing complication, a calendar complication and a chiming complication. Only a handful of wristwatch models respect these requirements. The present timepiece in fact not only respects them, but even exceeds them: it does feature a minute repeater, a perpetual calendar and a chronograph but as if this was not enough, the ante is upped by the fact that this is no mere chronograph, but a split-second variation.

Combining astoundingly lavish gem-setting and equally fascinating technical proficiency, the present watch is without a doubt one of the most important (and costly) Royal Oak pieces ever made, and it is not surprising that its caseback bears the unmistakable mark of unicity: 1/1.

A pinnacle of Audemars Piguet production which would deserve the spotlight in any of the most important Royal Oak collections.

Ref. 25990BC Royal Oak Grande Complication

45

69.

AUDEMARS PIGUET — An extremely charming and well-preserved stainless steel perpetual calendar wristwatch with moonphases, leap year, bracelet, certificate of origin, hang tag and presentation box, bearing No. 1

Manufacturer

Audemars Piguet

Year

1996

Reference No.

25800ST

Movement No.

443’701

Case No.

D59772.001

Model Name

Royal Oak Perpetual Calendar

Material

Stainless steel

Calibre

Automatic, cal 2141/2806, 34 jewels

Bracelet/Strap

Stainless steel Audemars Piguet bracelet, max length 185mm

Clasp/Buckle

Stainless steel Audemars Piguet deployant clasp

Dimensions

33mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 20,000-40,000 $21,300-42,500 €19,400-38,700 Accessories Accompanied by Audemars Piguet Certificate of Origin dated 1996, hang tag, service papers, presentation box and outer packaging.

Further accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

Whereas the second Royal Oak model ever produced (ref 8638) was dedicated to women, Audemars Piguet reserved the majority of its complicated Royal Oak models for men, housing them in 39mm or 36mm cases.

Reference 25800 was produced from 1996 to 2002 and is an incredibly attractive, well balanced and legible 33mm perpetual calendar targeting the feminine market.

The watch houses caliber 2141/2806 which was specifically developed and implemented for this specific reference and features a leap year indicator on the dial. Exceedingly rare and scarcely produced for only a few years it is possibly the smallest self-winding perpetual calendar wristwatch ever produced by Audemars Piguet.

Preserved in excellent condition with crisp bevels and finishes throughout, this reference 25800ST packs a great punch.

Housing one of the most sought-after complications that Audemars Piguet offers, it is an extremely charming example.

At 33mm in diameter, it still has great presence on the wrist, made even larger due to the silvered dial. Most importantly, the present watch is numbered 001, meaning it was the first example within the series ever created. Preserved in excellent condition, it is accompanied by its original certificate, hang tag, setting pin, presentation box and outer packaging.

Ref. 25800ST Royal Oak Perpetual Calendar

33

70.

AUDEMARS PIGUET — A very attractive stainless steel wristwatch with date, bracelet, certificate of origin and box, bearing No. 1

Manufacturer

Audemars Piguet

Year

1990

Reference No.

14700ST

Movement No.

340’321

Case No.

C82185.001

Model Name

Royal Oak

Material

Stainless steel

Calibre

Automatic, cal 2125, 33 jewels

Bracelet/Strap

Stainless steel Audemars Piguet bracelet, max length 185mm

Clasp/Buckle

Stainless steel Audemars Piguet deployant clasp further signed Gay Frères

Dimensions

36mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 30,000-60,000 $31,900-63,800 €29,000-58,100 Accessories Accompanied by Audemars Piguet Certificate of Origin, Extract from the Register, box with outer packaging. Further accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo cosigned Royal Oak 50th Anniversary Attestation.

As Audemars Piguet was continuing testing new case sizes for the Royal Oak, it presented reference 14700 with a 36mm case in 1990. The watch was in production for only a few years as it was discontinued in 1998.

To own the first watch of a certain model is of enormous importance to a collector.

This timepiece indeed represents such an opportunity, as its caseback proudly proclaims, it is the very first example of ref 14700: No. 001.

Adding to this unique, incredibly collectible trait, the watch is offered in superb condition of both case and dial: the edges are as sharp as ever, the bevels perfectly defined, the engraving to the back crisp and unmolested, and the dial absolutely flawless.

The cherry on the cake comes from the presence of its original Guarantee and box, making this full set, perfectly preserved No. 001 specimen a treasure trove for the discerning collector.

Ref. 14700ST Royal Oak

36

71.

AUDEMARS PIGUET — An extremely well preserved and rare white gold wristwatch with pink champagne dial, date, bracelet, guarantee and box

Manufacturer

Audemars Piguet

Year

2020

Reference No.

15202BC

Movement No.

AM9787

Case No.

K56035

Model Name

Royal Oak

Material

18K white gold

Calibre

Automatic, cal 2121, 36 jewels

Bracelet/Strap

18K white gold Audemars Piguet bracelet, max length 180mm

Clasp/Buckle

18K white gold Audemars Piguet deployant clasp

Dimensions

39mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 80,000-160,000 $85,100-170,000 €77,400-155,000 Accessories Accompanied by Audemars Piguet fitted box, International Warranty card, 2 extra links and outer packaging. Further accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo cosigned Royal Oak 50th Anniversary Attestation.

Reference 15202 has become one of the most coveted watches of the past years.

It was first introduced in steel and yellow gold cases in 2000, while retaining the 39mm case of the original “Jumbo” as well as the automatic cal 2121 it had a more modern vibe with the “Grande Tapisserie” dial and sapphire caseback.

The model featured for the first time a silver dial but was also available with dark blue and cosmos blue dials. The pink gold version was launched in 2006.

In 2012 for the model’s 40th anniversary the dial of reference 15202 was revamped to make it closer in looks to the original ref 5402 with the AP logo placed at 6 o’clock and “Petite Tapisserie” dial.

Amongst the reference 15202 production one specific model stands out as the grail of holy grails: the reference 15202BC in white gold with shimmering pink champagne dial (Audemars Piguet refers to the dial color as salmon).

The case could easily be mistaken for steel but the pleasant heft gives away the precious metal composition. The dial is mesmerizing and depending on the light, it varies from pale to pink champagne with hints of gold.

Audemars Piguet announced in 2019 upon the launch of this model that it would be making no more than 75 pieces per year.

Considering that this reference was discontinued in 2021 we can thus assume that only 225 examples were ever produced!

The present watch is in unworn condition and comes with its full set of accessories.

Ref. 15202BC Royal Oak

39

72.

AUDEMARS PIGUET — An impressive yellow gold and diamond perpetual calendar wristwatch with openworked dial, part of a 3-pieces limited series

Ref. 25659BA Royal Oak Perpetual Calendar

72.

AUDEMARS PIGUET — An impressive yellow gold and diamond perpetual calendar wristwatch with openworked dial, part of a 3-pieces limited series

Manufacturer

Audemars Piguet

Year

1988

Reference No.

25659BA

Movement No.

274’089

Case No.

C31040.03

Model Name

Royal Oak Perpetual Calendar

Material

18K yellow gold and diamonds

Calibre

Automatic, cal. 2120/2802, 38 jewels

Bracelet/Strap

18K yellow gold and diamonds Audemars Piguet bracelet, max length 190mm

Clasp/Buckle

18K yellow gold Audemars Piguet deployant clasp

Dimensions

39mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 250,000-500,000 $266,000-532,000 €242,000-484,000 Accessories Accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

A fully gem set openwork perpetual calendar, reference 25659 was made in only 4 pieces over a 7 year period, from 1988 to 1995, 3 pieces in yellow gold and 1 piece in platinum.

The present Royal Oak Perpetual Calendar is an early version, with no leap year indicator and preserved in excellent overall condition. Cased in yellow gold with an exquisite diamond set finish this timepiece surely commands attention and prestige.

Beyond its unquestionable rarity, the movement itself is a remarkable feat of engineering. Turn the watch over and you will witness genuine watchmaking artistry: a gracefully engraved and openworked main plate with floral and leaf scroll designs, as well as the Audemars Piguet emblem artfully rendered into the decor via the sapphire caseback. The outside section of the openworked dial is framed by the same pattern, which is visible through the case’s cage. Immensely charismatic, its case proportions and diamond set finishing bedazzle the fortunate beholder. This timepiece on an intellectual level pushes the notion of a luxury sport’s watch to its limits: the openwork can be considered a great show of complexity and the diamond-setting might be regarded the pinnacle of luxury.

While such a contradiction is intellectually interesting, the execution is far from easy, however Audemars Piguet managed to integrate these two seemingly incompatible souls with style and panache. Remarkably, recent research has shown that only 3 examples in this particular configuration of yellow gold with diamonds were ever made.

Ref. 25659BA Royal Oak Perpetual Calendar

39

73.

AUDEMARS PIGUET — A very attractive and sportive pink gold chronograph wristwatch with date, certificate of origin and box

Manufacturer

Audemars Piguet

Year

2011

Reference No.

26022OR

Movement No.

782’906

Case No.

H32994.3461

Model Name

Royal Oak Chronograph

Material

18K pink gold

Calibre

Automatic, cal 2385, 37 jewels

Bracelet/Strap

Alligator

Clasp/Buckle

18K pink gold Audemars Piguet deployant clasp

Dimensions

39mm Diameter

Signed

Case, dial, movement and clasp signed

Estimate CHF 25,000-50,000 ∑ $26,600-53,200 €24,200-48,400 Accessories Accompanied by Audemars Piguet Certificate of Authenticity, user manual, presentation box with outer packaging and travel pouch.

Further accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

Launched in 2004 and in production until 2018, reference 26022 was a dressier version of the Royal Oak chronograph reference 25860 as it featured a leather strap and was available only in precious metals.

The present watch is in superb condition. It seems that the original owner only wore it once or twice before deciding to leave it safe in its box. Featuring a more dressy appeal than the version with bracelet, this extremely attractive and charismatic chronograph in pink gold displays a silver tapisserie dial with contrasting subdials and is further complemented by a warm brown crocodile strap. Presented complete with its original box and papers it is an excellent opportunity to own a modern piece that combines at its best elegance and sportiveness.

Ref. 26022OR Royal Oak Chronograph

39

74.

AUDEMARS PIGUET — A mesmerising and exclusive titanium and platinum wristwatch with ultramarine blue dial, polished bezel, date, bracelet, Guarantee and box, part of a 250-pieces limited edition

Manufacturer

Audemars Piguet

Year

2018

Reference No.

15202IP

Movement No.

AG2129

Case No.

J78663

Model Name

Royal Oak

Material

Titanium and platinum

Calibre

Automatic, cal 2121, 36 jewels

Bracelet/Strap

Titanium and platinum Audemars Piguet bracelet, max length 195mm

Clasp/Buckle

Titanium and platinum Audemars Piguet deployant clasp

Dimensions

39mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 100,000-200,000 $106,000-213,000 €96,800-194,000 Accessories Accompanied by Audemars Piguet guarantee card, hang tag, product literature, box and outer packaging. Further accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

Reference 15202 has become one of the most coveted watches of the past years.

It was first introduced in steel and yellow gold cases in 2000, while retaining the 39mm case of the original “Jumbo” as well as the automatic cal 2121 it had a more modern vibe with the “Grande Tapisserie” dial and sapphire caseback.

The model featured for the first time a silver dial but was also available with dark blue and cosmos blue dials. The pink gold version was launched in 2006.

In 2012 for the model’s 40th anniversary the dial of reference 15202 was revamped to make it closer in looks to the original ref 5402 with the AP logo placed at 6 o’clock and Petite Tapisserie dial.

The “IP” - as the present watch is nicknamed by collectors (as reference to the last two letters of its reference number meaning titanium and platinum) - represents the continuation, or according to some collectors the pinnacle, of this path. In its case, the collector finds the mix - as idiosyncratic as it is potent - of two opposing metals: ultra light and technical titanium for the case and bracelet links and heavy and luxurious platinum for the bezel and central links. It is incredible how two polar opposites such as these metals manage to perfectly blend together for a supremely attractive final result.

The dégradé ultramarine blue dial also represents a new tier of experimentation for the 15202 model, noticeably - but still discreetly - stepping away from the usual monochrome dark dials. Also in this case, the outcome packs an incredibly powerful aesthetic punch.

While such looks propelled the piece to the highest levels of unrestrained beauty and desirability, its 250-pieces limited production propelled collectors to the highest level of frustration: only a handful among the most important Audemars Piguet collectors were able to call one of these watches their own. Such a dedicated crowd obviously very rarely part with their watches - let alone such an exclusive and attractive piece - rendering quite unsurprising the scarcity on the market of this model.

Ref. 15202IP Royal Oak

39

75.

AUDEMARS PIGUET — A superb and impressive white gold and diamond-set wristwatch with date, emerald-set hour markers, bracelet, certificates and box

Manufacturer

Audemars Piguet

Year

2000

Reference No.

56603BC

Movement No.

434’033

Case No.

D58304.204

Model Name

Royal Oak

Material

18K white gold

Calibre

Quartz, cal 2612, 8 jewels

Bracelet/Strap

18K white gold and diamond-set Audemars Piguet bracelet, max length 195mm

Clasp/Buckle

18K white gold Audemars Piguet deployant clasp further signed Gay Frères

Dimensions

33.5mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 60,000-120,000 $63,800-128,000 €58,100-116,000 Accessories Accompanied by Audemars Piguet Certificat d’Origine et de Garantie stamped by London retailer “Marcus, a Division of Time Products (UK) Ltd” and dated June 27, 2000, Certificat d’Origine des Pierres Precieuses, and massive multi-colored wooden presentation box.

Further accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

Gem-set watches have always been a “specialty” of sorts, for watch brands. Without a doubt, these are objects incredibly costly to produce, both from a material supply point of view, as well as under a labour one. Furthermore, until a few decades ago, bejewelled timepieces were marketed mostly toward

women, an indicative of the cultural logics of a society still deeply rooted in ideas that are nowadays considered limitative.

Precursor collectors who appreciated this kind of timepieces have always existed (an example above all are the gem-set Daytona pieces commissioned by the Sultan of Oman in the 1980s). It is however with the cultural changes of recent times that gemset wristwatches have been not only rightfully considered for what they truly are - extraordinary examples of the merging of watchmaking and gem-setting craftmanship - but have also been propelled to the top echelon of watch collecting in virtue of their impressive looks and outstanding rarity.

That said, some case designs are more prone to gem-setting than others, and it is difficult to argue that the Royal Oak architecture, of both case and bracelet, is among those most apt to this exclusive upgrade. The octagonal bezel seems designed since the beginning to hold rows of baguette diamonds, and the same goes for the bracelet, with the vertical juncture pieces acting as an ideal “platform” for the stones.

The final result - as can be admired in this wristwatch - is beyond impressive: a truly majestic timepiece accompanied by all of its accessories which can be enjoyed by lady- as well as gentleman-collectors alike. The impressive box already conveys the importance of the piece, but it is when reading the “Certificat d’Origine des Pierres Precieuses” (Certificate of origin of precious stones) that one can see the details of the setting: on the watch there is a mind-boggling total of 604 stones. Beyond the 10 emeralds for the hours markers, there are 508 princess-cut diamonds (for 4.61ct) and 86 baguette-cut diamonds (6.27ct).

Ref. 56603BC Royal Oak

33.5

76.

AUDEMARS PIGUET — A large and impressive stainless steel chronograph wristwatch with tourbillon regulator, bracelet, Certificate and box

Manufacturer

Audemars Piguet

Year

2006

Reference No.

25977ST

Movement No.

600’780

Case No.

F65221

Model Name

Royal Oak Tourbillon Chronograph

Material

Stainless steel

Calibre

Manual, cal. 2889, 25 jewels

Bracelet/Strap

Stainless steel Audemars Piguet bracelet, max length 200mm

Clasp/Buckle

Stainless steel Audemars Piguet deployant clasp

Dimensions

44mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 50,000-100,000 $53,200-106,000 €48,400-96,800 Accessories Accompanied by Audemars Piguet Certificate of Origin and Exclusivity, presentation box, instruction manual, key and outer packaging. Further accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

Audemars Piguet continued the expansion of the Royal Oak with the introduction of Reference 25977, a chronograph tourbillon launched in 2003 and produced until 2013 in very small numbers.

The present Royal Oak Tourbillon Chronograph is impressive in absolutely every sense, from its large 44mm case to the complications it houses.

Reference 25977ST became immediately a grail for Audemars Piguet aficionados as it reunites - from a technical standpoint - the chronograph and the tourbillon, two of the most beloved and sought-after horological complications.

Two versions have been made for the model, a more sporty one with blue dial and red accents, and the present monochrome black variation. The masculinity and elegance of the black dial incidentally, perfectly legible thanks to the large white luminova markers - renders this timepiece a truly “all round” watch, as enjoyable and appropriate during a regatta in Porto Cervo, skiing down the slopes of St Moritz or for a day at the office.

Ref. 25977ST Royal Oak Tourbillon Chronograph

44

77.

AUDEMARS PIGUET — A very rare and extremely attractive pink gold perpetual calendar wristwatch with moonphases and bracelet, part of a 120 pieces limited edition made to commemorate Audemars Piguet’s 120th anniversary

Manufacturer

Audemars Piguet

Year

1995

Reference No.

25810OR

Movement No.

439’142

Case No.

D68838

Model Name

Royal Oak Perpetual Calendar “120th Anniversary”

Material

18K pink gold

Calibre

Automatic, cal. 2120/2801, 38 jewels

Bracelet/Strap

18K pink gold Audemars Piguet bracelet, max length 195mm

Clasp/Buckle

18K pink gold Audemars Piguet deployant clasp

Dimensions

39mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 100,000-200,000 $106,000-213,000 €96,800-194,000 Accessories Accompanied by Audemars Piguet Certificate of Origin, Certificate of Authenticity and Exclusivity, user manual, box and outer packaging.

Further accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

The present Royal Oak perpetual calendar impresses not only thanks to its excellent state of preservation but also its severely cool looks. The ethereal hue of the brushed pink gold case and bezel with highly polished sides, matte pink dial with shiny subdials place this watch in the realm of ultra sexiness.

As proudly stated on the dial, this perpetual calendar Royal Oak celebrates the 120th anniversary (1875-1995) of the company and as expected Audemars Piguet created something that goes beyond special for this commemoration. The attention to details found on Audemars Piguet perpetual calendar dials is astounding. Most notably, the present dial features a strongly tri-dimensional architecture, with recessed subsidiary dials. In fact, the month/leap year cycle dial features a double recess in order to put on two physically different plains the bissextile cycle and the month indication.

Furthermore the present example features an Audemars Piguet signature indication which is the week number indication.

A reminder that we are in the presence of an anniversary piece is subtly hidden into the movement as well as being openly declared on the dial. The calibre features a gold-rimmed, handengraved, openwork rotor, whose curvy design might appear abstract at first glance, but on a closer look reveals in fact the number of years celebrated: 120, the same as the total number of pieces produced.

Ref. 25810OR Royal Oak Perpetual Calendar “120th Anniversary”

39

78.

AUDEMARS PIGUET — A very rare and extremely appealing pink gold dual-time wristwatch with mother of pearl dial, date and power reserve, certificate of origin and presentation box

Manufacturer

Audemars Piguet

Year

1999

Reference No.

25730OR

Movement No.

463’537

Case No.

E11350.075

Model Name

Royal Oak Dual Time

Material

18K pink gold and mother-of-pearl

Calibre

Automatic, cal 2229/2845, 54 jewels

Bracelet/Strap

18K pink gold Audemars Piguet bracelet, max length 170mm

Clasp/Buckle

18K pink gold Audemars Piguet deployant clasp

Dimensions

36mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 35,000-65,000 $37,200-69,100 €33,900-62,900 Accessories Accompanied by Audemars Piguet Certificate of Origin and presentation box. Further accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

Mother-of-pearl has been appreciated and employed in jewellery since antiquity. Its iridescence and smooth texture has also been used in watchmaking, but its adoption has been surprisingly slow. While case details in mother-of-pearl are known from decorative pocket watches and automatons since the 19th century, the precious material started to make its way on lady’s wrist timepieces only around the mid-twentieth century. The first forays of mother-of-pearl in the realm of gentleman’s wristwatches can be traced to the 1970s - an era of particular experimentation in watch design - and one has to wait until the 1990s for a relatively widespread adoption of the material on sports watches. Multiple reasons can be accounted for such a situation: technically, mother-of-pearl is extremely difficult to use as base material for a dial; aesthetically, there was a historical psychological barrier as - similar to diamond-set pieces - retrograde social constructs would see this material as more suitable for ladies; and finally there is the economic barrier of the cost of the final watch.

The present piece perfectly epitomises the appeal a motherof-pearl dial can have. The carefully selected purplish/rose hue of the dial material is a perfect complement to the luxurious pink gold case. The sunken subsidiary dials not only add tridimensionality, but as the light hits them from a slightly different angle than the main plate they appear slightly darker or lighter than the rest of the dial, granting the ensemble a somewhat “two-tone finish”.

Ref. 25730OR Royal Oak Dual Time

36

79.

AUDEMARS PIGUET — A very attractive limited edition stainless steel wristwatch with date, bracelet, certificate of origin and box, made to celebrate the 20th anniversary of the model

Manufacturer

Audemars Piguet

Year

1993

Reference No.

14802ST

Movement No.

391’227

Case No.

D12537.0406

Model Name

Royal Oak Jubilée

Material

Stainless steel

Calibre

Automatic, cal 2121, 36 jewels

Bracelet/Strap

Stainless steel Audemars Piguet bracelet, max length 185mm

Clasp/Buckle

Stainless steel Audemars Piguet deployant clasp

Dimensions

39mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 60,000-120,000 $63,800-128,000 €58,100-116,000 Accessories Accompanied by Audemars Piguet Certificate of Origin, Certificate of Exclusivity, special Jubilée box with outer packaging. Further accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

The reference 14802 saw the rebirth of the 39mm “Jumbo” Royal Oak for the 20th anniversary of the Royal Oak. Sold between 1992 and 2002, 691 examples were produced in steel (with 2 dial variations), 286 in yellow gold (with 4 dial variations), along with 20 in platinum (with 2 dial variations).

Ref. 14802 introduced the first salmon pink dials as well as hammered “Tuscany blue” iterations, although there is no record of how many of these special dials were produced. In addition, a sapphire caseback revealed Calibre 2121 and most of the latter’s gold oscillating weights featured an anniversary motif accompanied by the case number.

The present reference 14802ST is most probably one of the best preserved examples of this reference in stainless steel we have ever seen, it has been carefully cherished, coming from the collection of a keen-eyed collector of Audemars Piguet timepieces. The watch is complete with all of its original accessories.

Ref. 14802ST Royal Oak Jubilée

39

80.

AUDEMARS PIGUET — A very attractive stainless steel perpetual calendar wristwatch with openworked dial, certificate of origin and box

Manufacturer

Audemars Piguet

Year

2003

Reference No.

25829ST

Movement No.

425’192

Case No.

E88343.0367

Model Name

Royal Oak

Material

Stainless steel

Calibre

Automatic, cal 2120/2802, 38 jewels

Bracelet/Strap

Stainless steel Audemars Piguet bracelet, max length 180mm

Clasp/Buckle

Stainless steel Audemars Piguet deployant clasp

Dimensions

39mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 100,000-200,000 $106,000-213,000 €96,800-194,000 Accessories Accompanied by Audemars Piguet Certificat d’Origine et de Garantie, Instructions for use and winding box. Further accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo cosigned Royal Oak 50th Anniversary Attestation.

Same as reference 25820 but in an openwork version, reference 25829 was produced for the same period (1996-2013) and made in 371 pieces in steel, 102 pieces in yellow gold, 174 in pink gold, 156 in platinum, 25 in steel and platinum plus another one made in 2006, 15 pieces in tantalum and yellow gold, 16 in tantalum and platinum, and 16 in tantalum and pink gold.

The present example in stainless steel is a gem of horological design and technical dexterity, with extremely legible calendar indications and a superbly finished movement that can be admired on the dial side. Whereas the dial side of the watch has a very contemporary vibe, the back side is an ode to tradition with its openworked backplate and rotor which are delicately hand engraved.

Ref. 25829ST Royal Oak

39

81.

AUDEMARS PIGUET — A very attractive stainless steel wristwatch with blue sapphire dial, bracelet and box

Manufacturer

Audemars Piguet

Year

1997

Reference No.

14790ST

Movement No.

448’927

Case No.

D88085.2267

Model Name

Royal Oak “Yves Klein”

Material

Stainless steel

Calibre

Automatic, cal 2125, 33 jewels

Bracelet/Strap

Stainless steel Audemars Piguet bracelet, max length 190mm

Clasp/Buckle

Stainless steel Audemars Piguet deployant clasp

Dimensions

36mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 20,000-40,000 $21,300-42,500 €19,400-38,700 Accessories Accompanied by Audemars Piguet Extract from Register, box and outer packaging. Further accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

Reference 14790 was in production from 1992 to 2005. Housing the automatic caliber 2125 and 2225 it remained the central model in the Royal Oak collection until it was replaced by reference 15300.

The model can be divided into 3 series 1st Series (1992): the dial features a vintage style Audemars Piguet signature with a flat A, “Petite Tapisserie” dial and long indexes 2nd Series (1993-2000): the Audemars Piguet signature is enlarged and features a pointed top A, “Petite Tapisserie” dial and long indexes 3rd Series (2000-2005): the Audemars Piguet signature is similar to the 2nd Series but the dial features “Grande Tapisserie” motif and short indexes.

At the end of the 1990s, Audemars Piguet experimented with different dial colors on the reference 14790. Amongst these experiments, we can find the famous dial nicknamed “Yves Klein” by collectors due to its similarity to the intense and electric color developed by the French artist in the 60’s.

The present reference 14790 is part of the 2nd series produced between 1993 and 2000 that can easily be recognized by the pointed top of the A, the Petite Tapisserie dial and the long indexes.

Later, Audemars Piguet would offer this reference with a red dial (see lot 12) and yellow (see lot 49) both are examples of the 3rd series with small indexes and Grande Tapisserie.

Presented in excellent condition and with its box, this superb reference 14790 “Yves Klein” represents a great opportunity not to be missed.

Ref. 14790ST Royal Oak “Yves Klein”

36

82.

AUDEMARS PIGUET — A charismatic and warm yellow gold wristwatch with champagne dial, date and bracelet, part of a 23 piece series

Manufacturer

Audemars Piguet

Year

1996

Reference No.

15002BA

Movement No.

405’977

Case No.

D67606.010

Model Name

Royal Oak

Material

18K yellow gold

Calibre

Automatic, cal 2121, 36 jewels

Bracelet/Strap

18K yellow gold Audemars Piguet bracelet, max length 195mm

Clasp/Buckle

18K yellow gold Audemars Piguet deployant clasp

Dimensions

39mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 100,000-200,000 $106,000-213,000 €96,800-194,000 Accessories Accompanied by Audemars Piguet Extract of the Register and a pouch.

Further accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

Reference 15002 is a faithful homage to the original reference 5402. Launched in 1996, Audemars Piguet had a stock of caliber 2121s that it wanted to case in a “Jumbo” 39mm Royal Oak case.

Aesthetically this reference was very close to the original reference 5402, so much so that many components were interchangeable. It featured the same monobloc case with a solid caseback and tapisserie dial, only the angle of the bevelled bezel was slightly modified to reach 45 degrees, compared with 40 degrees for ref 5402. The Audemars Piguet signature and applied AP logo were also larger than in the reference 5402.

During the three years this reference was in production only 183 were made in steel and 23 in yellow gold.

The present reference 15002 in yellow gold is part of the ultra exclusive 23 piece production in this metal. Its warm champagne dial just oozes with a certain suave coolness and one could easily imagine listening to a Stan Getz tune with a glistening glass of deep red Negroni in hand with having this elegant timepiece wrapped around one’s wrist.

Preserved in overall excellent condition with sharp bevels to the case and bezel, with a very clean crisp dial, the present reference 15002 offers an incredible opportunity to own one of the rarest yellow gold “Jumbo” Royal Oak models ever made.

Ref. 15002BA Royal Oak

39

83.

AUDEMARS PIGUET — An extremely attractive platinum perpetual calendar wristwatch with salmon dial, original certificate and box

Manufacturer

Audemars Piguet

Year

2006

Reference No.

25820PT

Movement No.

549’480

Case No.

F45245.160

Model Name

Royal Oak Perpetual Calendar

Material

Platinum

Calibre

Automatic, cal 2120/2802, 38 jewels

Bracelet/Strap

Platinum Audemars Piguet bracelet, max length 185 mm

Clasp/Buckle

Platinum Audemars Piguet deployant clasp

Dimensions

39mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 100,000-200,000 $106,000-213,000 €96,800-194,000 Accessories Accompanied by Certificate of Authenticity undated and stamped Exclusive Watches Limited, Rosa Marina Pieta, instruction manual, outer box and fitted wooden self-winding box. Further accompanied

by Audemars Piguet and Phillips in Association with Bacs & Russo cosigned Royal Oak 50th Anniversary Attestation.

A new Royal Oak perpetual calendar model featuring this time a leap year indicator, reference 25820 was launched in 1996 and in production until 2013. 628 pieces in steel, 107 pieces in yellow gold, 74 pieces in platinum, 11 in pink gold, 378 in steel and platinum, 15 in tantalum and yellow gold, 9 in tantalum and platinum, and 13 in tantalum and pink gold for a total of 1235 examples.

One of the most appreciated case/dial combinations one can find in a wristwatch is arguably that of a white metal case with a salmon dial. The neutral metal of the case offers a canvas which allows for the dial to express its warm hue at its best, furthermore the note of color imparted by the salmon tonality confers to the ensemble some lightheartedness without being however extravagant to the point of diminishing the importance of the timepiece. The historical relevance of pink gold dials is also noteworthy as this particular hue has been employed on wristwatches since the early 19th century, with some of the most important timepieces ever created indeed featuring a salmon dial.

When this already hallowed match of salmon dial and white metal case finds its expression on a platinum timepiece, such as in this instance, the aesthetic power of the watch is amplified by the icy tonality of platinum and boosted by the weight of the timepiece which conveys on a physical level the importance of the object.

Ref. 25820PT Royal Oak Perpetual Calendar

39

84.

AUDEMARS PIGUET — An impressive and elusive white gold and pavé diamond-set wristwatch with date, bracelet, box and original certificate

Manufacturer

Audemars Piguet

Year

2019

Reference No.

15202BC

Movement No.

AL4464

Case No.

K29327

Model Name

Royal Oak

Material

18K white gold and diamonds

Calibre

Automatic, cal 2121, 36 jewels

Bracelet/Strap

18K white gold and diamond-set Audemars Piguet bracelet, max length 190m

Clasp/Buckle

18K white gold and diamond-set Audemars Piguet deployant clasp

Dimensions

39mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 100,000-150,000 $106,000-160,000 €96,800-145,000 Accessories Accompanied by Audemars Piguet Warranty card, instructions manual, box and outer packaging. Further accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

Reference 15202 has become one of the most coveted watches of the past years.

It was first introduced in steel and yellow gold cases in 2000, while retaining the 39mm case of the original “Jumbo” as well as the automatic cal 2121 it had a more modern vibe with the large tapisserie dial and sapphire caseback.

The model featured for the first time a silver dial but was also available with dark blue and cosmos blue dials. The pink gold version was launched in 2006. In 2012 for the model’s 40th anniversary the dial of reference 15202 was revamped to make it closer in looks to the original ref 5402 with the AP logo placed at 6 o’clock and petite tapisserie dial.

There are timepieces whose sheer flamboyance and exuberance verges on magnificence and pure awesomeness. The present white gold and diamond-set Royal Oak is one of them.

When launched the Royal Oak ref 5402 in steel cost more than any gold watch on Audemars Piguet’s catalogue. However, in 1977 the brand decided to up the ante by offering a new Royal Oak reference 5402 lavishly clad in yellow gold once again changing the game by offering a luxury leisure watch in a precious metal.

The present reference 15202 is lavish, glamorous, bold and unabashedly attractive. It is a statement piece, fully fitted with diamonds to its full capacity, the case and bracelet are decadently set with 1,102 brilliant-cut diamonds weighing a total of 7.09 carats, while its pavé dial is set with 384 brilliant-cut diamonds weighing a total of 2.44 carats.

Ref. 15202BC Royal Oak

39

85.

AUDEMARS PIGUET — A very attractive and rare stainless steel tourbillon wristwatch with skeletonized dial and bracelet, made in a limited edition of 100 pieces

Manufacturer

Audemars Piguet

Year

2018

Reference No.

26518ST

Movement No.

AG8565

Case No.

J65630

Model Name

Royal Oak Tourbillon

Material

Stainless steel

Calibre

Manual, cal 2924, 25 jewels

Bracelet/Strap

Stainless steel Audemars Piguet bracelet, max length 205mm

Clasp/Buckle

Stainless steel Audemars Piguet deployant clasp

Dimensions

41mm Diameter

Signed

Case, dial, movement and bracelet signed

to conceive the intuition of having the entire balance wheel revolve on itself to compensate for gravity-induced deviations is beyond cunning, and even more remarkably when one recalls that this mechanism was devised in the late 1700s (the A.L. Breguet patent for the tourbillon dates to 1801). From a technical point of view, the concept is simply diabolical to execute given the minute size and even more minute tolerances required. And, finally, from an aesthetic point of view it is one of the very few - beyond the balance wheel, obviously - actively decorative elements that a dial can feature, enthralling the beholder with its subtle dance.

Accessories Accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

While the tourbillon is one reason for the collectability of this piece, the other is its skeletonized movement, a most appropriate choice for such a refined timepiece which allows the entirety of the movement to be seen without any obstruction to the dial. Epitomizing Audemars Piguet’s skills to realize a true masterpiece of mechanical art: the elegantly curved architecture of the bridges is sublime and nearly organic. When admired from the back, the movement gives the impression of being a sort of steampunk, futuristic spiderweb.

The tourbillon is one of the most fascinating inventions of the entire field of watchmaking, and for multiple reasons. First of all, the intellectual concept of the tourbillon is enormous,

Compounding to the aesthetic and technical pinnacle of the timepiece, the present watch is furthermore part of a 100-pieces limited edition, adding a remarkable level of rarity to this spectacular ensemble.

Estimate CHF 120,000-240,000 $128,000-255,000 €116,000-232,000

Ref. 26518ST Royal Oak Tourbillon

41

86.

AUDEMARS PIGUET — A very rare and attractive stainless steel perpetual calendar wristwatch with sapphire blue dial, certificate and self-winding box

Manufacturer

Audemars Piguet

Year

1998

Reference No.

25820ST

Movement No.

448’060

Case No.

D80545.19

Model Name

Royal Oak Perpetual Calendar “Yves Klein”

Material

Stainless steel

Calibre

Automatic, cal 2120/2802, 38 jewels

Bracelet/Strap

Stainless steel Audemars Piguet bracelet, max length 185mm

Clasp/Buckle

Stainless steel Audemars Piguet deployant clasp

Dimensions

39mm Diameter

Signed

Case, dial, movement and clasp signed

Estimate CHF 100,000-200,000 $106,000-213,000 €96,800-194,000 Accessories Accompanied by Audemars Piguet Certificate of Authenticity, Extract from the Archives confirming sale of the present watch on January 20, 1998 and self-winding box with outer packaging. Further accompanied

by Audemars Piguet and Phillips in Association with Bacs & Russo cosigned Royal Oak 50th Anniversary Attestation.

Arguably the best known dial color found on Royal Oak timepieces, the present watch features a “sapphire blue” dial according to the official Audemars Piguet nomenclature.

However, even the greenest watch enthusiast is aware of the fact that the community knows it by a different, very appropriate nickname: the “Yves Klein”.

Active during the mid-twentieth century, Yves Klein was a member of the Nouveau-Réalisme movement. He is best known for his bright blue monochrome paintings and sculptures. Amusingly, at his first public exhibition he featured canvases of different colors (orange, red, yellow, pink and blue) but the reaction of the public - who insisted on finding an unexisting connection between the works - prompted him from then on to radicalize his work even more and focus on just one color: the now famous Yves Klein blue, of which this dial color is -serendipitously - a near-perfect replica.

Ref. 25820ST Royal Oak Perpetual Calendar “Yves Klein”

39

87.

AUDEMARS PIGUET — A lavish and impressive diamond and emerald-set wristwatch with date, bracelet, guarantee and presentation box

Manufacturer

Audemars Piguet

Year

1996

Reference No.

56431BC

Movement No.

345’288

Case No.

C81257.002

Model Name

Royal Oak

Material

18K white gold, emeralds and diamonds

Calibre

Quartz, cal. 2612

Bracelet/Strap

18K white gold and diamond-set Audemars Piguet bracelet, max length 185mm

Clasp/Buckle

18K white gold Audemars Piguet deployant clasp

Dimensions

33mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 70,000-140,000 $74,400-149,000 €67,800-136,000 Accessories Accompanied by Audemars Piguet Certificate d’Origine et de Garantie confirming the present watch is set with 74 Baguette diamonds with IF purity totaling 10.04 carats and 508 brilliant diamonds with IF purity totaling 4.7 carats and presentation box. Further accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo cosigned Royal Oak 50th Anniversary Attestation.

Impressive, lavish and heavy, the present watch is fitted with baguette and brilliant diamonds as well as baguette emerald markers. The Original Certificate confirms that the present watch is set with 74 baguette diamonds with IF purity totaling 10.04 carats and 508 brilliant diamonds with IF purity totaling 4.7 carats and presentation box. Given the incredibly precious nature of the watch, one can only imagine that very few examples were made by Audemars Piguet and only reserved for their very best clients. One can also imagine the astronomical retail price when the timepiece was first offered by the retailers.

Ref. 56431BC Royal Oak

33

88.

AUDEMARS PIGUET — A very distinctive blackened stainless steel wristwatch with date and bracelet

Starting from a conventional beginning but destined for greatness, the present watch was born as a regular reference 5402ST but would end up as anything but a regular timepiece.

Sold in Italy in 1973, immediately after purchase, this Royal Oak A series underwent a PVD surface treatment to render it totally black.

As it happens, around that same time the famous creative director of the Fendi house, Karl Lagerfeld, was working in Rome. Besides being renowned for his immense artistic talent, Lagerfeld was also famous for wearing only two colors: black and white. He was also known to have been one of the first men of taste to appreciate the Royal Oak. Moreover, many photos are known showing him wearing a Royal Oak completely covered in black PVD. In fact, several iterations of this model have been spotted on the designer’s wrist. In 1979, he was notably photographed during the Chloé fashion show wearing a black Royal Oak with the logo at 6 o’clock, identical in all respects to the present watch.

Ref. 5402ST Royal Oak Jumbo “Karl Lagerfeld”

88.

AUDEMARS PIGUET — A very distinctive blackened stainless steel wristwatch with date and bracelet

Manufacturer

Audemars Piguet

Year

1973

Reference No.

5402ST

Movement No.

128’442

Case No.

80254.A1254

Model Name

Royal Oak Jumbo “Karl Lagerfeld”

Material

Stainless steel with black PVD coating

Calibre

Automatic, cal 2121, 36 jewels

Bracelet/Strap

Stainless steel with black PVD coating Audemars Piguet bracelet, max length 180mm

Clasp/Buckle

Stainless steel with black PVD coating Audemars Piguet deployant clasp

Dimensions

39mm Diameter

Signed

Case, dial, movement and bracelet signed

Estimate CHF 100,000-200,000 $106,000-213,000 €96,800-194,000 Accessories Accompanied by Audemars Piguet Service papers. Further accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.

After extensive research, carried out jointly by the current owner and Audemars Piguet, our specialist team is led to believe that the present watch is in all probability one of Mr. Lagerfeld’s personal Royal Oaks. Our research has shown that after the sale in Italy in 1973, the watch never reappeared on the market – most likely because it was in the possession of the original owner - until 1995. In 2013, a second Italian owner sold this watch to a German dealer and in this same year, the current owner discovered it in the window of the aforementioned dealer’s shop. Immediately fascinated by the watch, and suspecting its history, he purchased it on the spot and went on to thoroughly research it to confirm its provenance.

Presented today in excellent condition, it is fundamental to point out that the PVD coating features signs of natural wear, as expected from a watch which underwent PVD coating in the 1970s, especially visible on the inside of the bracelet where the buckle rubs, there is an unvarying area of wear. It is a sign that the watch was most probably only worn by one same person. Based on our research, that of the last owner and backed by the information gracefully made available to us

by Audemars Piguet, in our own opinion, many clues pointed to the Lagerfeld provenance, however the watch’s early years remain surrounded in mystery, adding a layer of intrigue to this historical timepiece.

Daniel SIMON/ Gamma-Rapho via Getty Images.

Ref. 5402ST Royal Oak Jumbo “Karl Lagerfeld”

39

Sizing Guide and Index

Courtesy AP Chronicles

Launched in 1972, the Audemars Piguet Royal Oak was the world’s first stainless steel luxury sports watch with a fully integrated bracelet. Designed overnight in response to an urgent request for an ‘unprecedented steel watch’, it was at the same time the most expensive stainless steel watch ever made.

The brand sought famed designer Gérald Genta, who developed a brilliantly engineered, monobloc case, with a distinctively maritime feel, featuring an octagonal bezel secured by eight hexagonal, white gold screws, and a dial with tapisserie motif.

Looking back to 50 years ago, one can be surprised that upon its launch in 1972, the Royal Oak caused an immediate sensation. Like all novel ideas, the watch was greeted with skepticism, it was a watch the likes of which had not been seen before, and while today the Royal Oak is a legend, at the beginning it was more than a bet, it was a true visionary revolution.

Four years later, in 1976 the first modification to the classic 39mm case – which was considered huge for the period - was made with the introduction of Ref 8638, a 29mm version focusing the female market. From 39mm down to 29mm, the Royal Oak gained again in size with the introduction of the 35mm refer 14100 in 1977 and the 36mm ref 14700 in 1990.

Ever since, the Royal Oak has morphed into a design language and a full-fledged collection with various dimensions (20mm to 45mm), case metals, gemsetting, complications, manual and quartz movements, the Royal Oak revealed an adaptability that was as unexpected as it was extraordinary.

Since 1972 and its inception the Royal Oak alone accounts for more than 550 different models.

45mm

44mm

Reference/Lot No.

References/Lot No.

25990: Lot 68

25865: Lot 27 25977: Lot 76

42mm

41mm

Reference/Lot No.

References/Lot No.

26603: Lot 57

26518: Lot 85 26579: Lot 67 26603: Lot 13

References/Lot No.

39mm

40mm

5402: Lots 8, 32, 39, 46, 50, 52, 88 5554: Lot 54 14802: Lots 3, 10, 22, 59, 66, 79 15002: Lots 34, 82 15128: Lot 9 15202: Lots 71, 74, 84 15305: Lot 41 15310: Lot 14 25636: Lots 15, 42, 63 25654: Lots 4, 7, 24, 40, 51, 61

35mm

25659: Lot 72 25686: Lots 17, 36, 47 25810: Lot 77 25820: Lots 20, 44, 65, 83, 86 25829: Lots 21, 33, 80 25860: Lots 16, 29, 62 25960: Lot 43 26022: Lot 73 26120: Lot 45 26136: Lot 2

33.5mm

Reference/Lot No.

Reference/Lot No.

References/Lot No.

25831: Lot 30

4100: Lots 5, 31, 53

56343: Lot 64 56603: Lot 75

References/Lot No.

36mm

33mm

14332: 14544: 14700: 14701: 14790: 14812:

Lot 26 Lots 28, 55 Lot 70 Lot 38 Lots 12, 49, 60, 81 Lot 35

15100: 15189: 25572: 25595: 25730:

26mm

Lot 1 Lot 23 Lot 19 Lot 25 Lot 78

20mm

References/Lot No.

References/Lot No.

Reference/Lot No.

15000: Lot 6 25800: Lot 69 56175: Lot 18 56323: Lot 11 56431: Lot 87

66240: Lot 37 66746: Lot 58

67077: Lot 48

Paddle Number

7 rue de la Confédération, 1204 Geneva phillipswatches.com +41 22 317 8181 bidsgeneva@phillips.com • Private Purchases: Proof of identity in the form of government-issued identification and recent proof of address will be required.

Please return this form by email to bidsgeneva@phillips.com at least 24 hours before the sale.

Please read carefully the information in the right column and note that it is important that you indicate whether you are applying to bid as an individual or on behalf of a company.

Please select the type of bid you wish to make with this form (please select one):

In-person Absentee Bidding Telephone Bidding

• Conditions Of Sale: All bids are placed and executed, and all lots are sold and purchased, subject to the Conditions of Sale printed in the catalogue. Please read them carefully before placing a bid. Your attention is drawn to Paragraph 4 of the Conditions of Sale.

• If you cannot attend the sale, we can execute bids confidentially on your behalf.

Please indicate in what capacity you will be bidding (please select one):

As a private individual On behalf of a company Sale Title Title

Sale Number First Name

Sale Date

Surname Account Number

Company (if applicable)

• Phillips charges the successful bidder a commission, or buyer’s premium, on the hammer price of each lot sold. The buyer’s premium is payable by the buyer as part of the total purchase price at the following rates: 26% of the hammer price up to and including CHF600,000, 21% of the portion of the hammer price above CHF600,000 up to and including CHF6,000,000 and 14.5% of the portion of the hammer price above CHF6,000,000.

• “Buy” or unlimited bids will not be accepted. Alternative bids can be placed by using the word “OR” between lot numbers.

Address

City

• For absentee bids, indicate your maximum limit for each lot, excluding the buyer’s premium and any applicable VAT. Your bid will be executed at the lowest price taking into account the reserve and other bidders. On no reserve lots, in the absence of other bids, your bid will be executed at approximately 50% of the low pre-sale estimate or at the amount specified, if less than 50% of the low estimate.

State/Country

Zip Code Phone

Mobile

Email

Fax

• Your bid must be submitted in the currency of the sale and may be rounded down to the nearest amount consistent with the auctioneer’s bidding increments.

Phone number to call at the time of sale (for Phone Bidding only) 1.

• If we receive identical bids, the first bid received will take precedence.

2.

Please complete the following section for telephone and absentee bids only Lot Number

• Company Purchases: If you are buying under a business entity, we require a copy of government-issued identification (such as the certificate of incorporation) as well as proof of owners (including ultimate beneficial owners) and directors to verify the status of the company. This should be accompanied by an official document confirming the company’s EU VAT registration number, if applicable.

Brief Description

In Consecutive Order

Maximum Swiss Francs price* Absentee Bids Only

• Arranging absentee and telephone bids is a free service provided by us to prospective buyers. While we will exercise reasonable care in undertaking such activity, we cannot accept liability for errors relating to execution of your bids except in cases of wilful misconduct. Agreement to bid by telephone must be confirmed by you promptly in writing or by fax. Telephone bid lines may be recorded.

• Please submit your bids to the Bid Department by email to bidsgeneva@phillips.com or by fax at +41 22 317 8180 at least 24 hours before the sale. You will receive confirmation by email within one business day. To reach the Bid Department by phone please call +41 22 317 8181.

• Payment for lots can be made by credit card (up to CHF100,000) using Visa, American Express or MasterCard, or by wire transfer. Please note that credit cards are subject to a surcharge.

• Lots cannot be collected until payment has cleared and all charges have been paid.

• By signing this Bid Form, you acknowledge and understand that we may process your personal data (including potentially special category data) in accordance with Phillips’s Privacy Policy as published at www.phillips.com or available by emailing dataprotection@phillips.com.

• Phillips’s premises and sale and exhibition venues may be subject to video surveillance and recording. Telephone calls (e.g., telephone bidding) may also be recorded. We may process that information in accordance with our Privacy Policy.

* Excluding Buyer’s Premium and VAT

Signature

Date

By ticking this box, you confirm your registration/bid(s) as above and accept the Conditions of Sale of Phillips as stated in our catalogues and on our website.

Please tick this box to receive emails about upcoming sales, exhibitions, and special events offered by members of the Phillips group, as referenced in our Privacy Policy available on our website at www.phillips.com, where you may also update your email preferences or unsubscribe at any time.

Geneva Guide for Prospective Buyers Buying at Auction The following pages are designed to offer you information on how to buy at auction at Phillips. Our staff will be happy to assist you.

Conditions of Sale The Conditions of Sale and Authorship Warranty which appear later in this catalogue govern the auction. Bidders are strongly encouraged to read them as they outline the legal relationship among Phillips, the seller and the buyer and describe the terms upon which property is bought at auction. Please be advised that Phillips generally acts as agent for the seller. Bidders should also read the Important Notices immediately following this Guide for Prospective Buyers.

Buyer’s Premium and VAT Phillips charges the successful bidder a commission, or buyer’s premium, on the hammer price of each lot sold. The buyer’s premium is payable by the buyer as part of the total purchase price at the following rates: 26% of the hammer price up to and including CHF600,000, 21% of the portion of the hammer price above CHF600,000 up to and including CHF6,000,000 and 14.5% of the portion of the hammer price above CHF6,000,000.

Value added tax (VAT) of 7.7% is payable on the hammer price and the buyer’s premium. This tax is refunded to any buyer domiciled outside Switzerland if, but only if, Phillips receives from such buyer an export declaration in respect of a purchased lot which has been stamped by Swiss customs.

The purchase price payable for any lot is the sum of the hammer price plus the buyer’s premium plus VAT. 1 Prior to Auction Catalogue Subscriptions If you would like to purchase a catalogue for this auction or any other Phillips sale, please contact us at +41 22 317 8181, +44 20 7318 4010 or +1 212 940 1240.

Pre-Sale Estimates Pre-sale estimates are intended as a guide for prospective buyers. Any bid within the high and low estimate range should, in our opinion, offer a chance of success.

However, many lots achieve prices below or above the pre-sale estimates. Where ‘Estimate on Request’ appears, please contact the specialist department for further information. It is advisable to contact us closer to the time of the auction as estimates can be subject to revision. Pre-sale estimates do not include the buyer’s premium or VAT.

prospective buyers to inspect the property at the pre-sale exhibitions and recommend, particularly in the case of any lot of significant value, that you retain your own restorer or professional advisor to report to you on the property’s condition prior to bidding. Moreover, condition reports are not exhaustive and may not specify all mechanical replacements or imperfections to the movement, case, dial, pendulum, separate bases(s) or dome. The absence of a condition report or the absence of a reference to damage in the catalogue does not imply that the lot is in good condition, working order or free from restoration or repair.

Pre-Auction Viewing Pre-auction viewings are open to the public and free of charge. Our specialists are available to give advice and condition reports at viewings or by appointment.

Symbol Key The following key explains the symbols you may see inside this catalogue.

O Guaranteed Property Lots designated with the symbol ○ are the subject of a minimum price guarantee.

In such cases Phillips has guaranteed to the seller of the lot that regardless of the outcome of the sale the seller shall receive no less than a minimum sum. This guarantee may be provided solely by Phillips or jointly with a third party. ♦ Third Party Guarantee Where Phillips has agreed to a minimum price guarantee it assumes the financial risk of a lot failing to sell or selling for less than the minimum price guarantee.

Because the sums involved can be significant Phillips may choose to share the burden of that financial risk with a third party. The third party shares the risk by committing in advance of the sale, usually by way of a written bid, to buy the lot for an agreed amount whether or not there are competing bidders for the lot. If there are competing bidders third party guarantors may also bid above any written bid.

In this way the third-party guarantor assumes the risk of the bidding not reaching the amount of the minimum price guarantee.

In return for underwriting or sharing this risk Phillips will usually compensate the third party. The compensation may be in the form of a fixed fee or an amount calculated by reference to the hammer price of the lot. If the third-party guarantor is the successful bidder Phillips will report the purchase price net of any fees paid to the third-party guarantor. Δ Property in which Phillips has an Ownership Interest Lots with this symbol indicate that Phillips owns the lot in whole or in part or has an economic interest in the lot equivalent to an ownership interest.

•

Pre-Sale Estimates in US Dollars and Euros Although the sale is conducted in Swiss francs, the pre-sale estimates in the auction catalogues may also be printed in US dollars and/or euros. Since the exchange rate is that at the time of catalogue production and not at the date of auction, you should treat estimates in US dollars or euros as a guide only.

No Reserve Unless indicated by a •, all lots in this catalogue are offered subject to a reserve.

A reserve is the confidential value established between Phillips and the seller and below which a lot may not be sold. The reserve for each lot is generally set at a percentage of the low estimate and will not exceed the low pre-sale estimate.

Catalogue Entries Phillips may print in the catalogue entry the history of ownership of a work of art, as well as the exhibition history of the property and references to the work in art publications. While we are careful in the cataloguing process, provenance, exhibition and literature references may not be exhaustive and in some cases we may intentionally refrain from disclosing the identity of previous owners. Please note that all dimensions of the property set forth in the catalogue entry are approximate.

∑ Endangered Species Lots with this symbol have been identified at the time of cataloguing as containing endangered or other protected species of wildlife which may be subject to restrictions regarding export or import and which may require permits for export as well as import. Please refer to Paragraph 4 of the Guide for Prospective Buyers and Paragraph 11 of the Conditions of Sale.

Condition of Lots Our catalogues include references to condition only in the descriptions of multiple works (e.g., prints). Such references, though, do not amount to a full description of condition. The absence of reference to the condition of a lot in the catalogue entry (including those accessed via QR Codes appearing in the catalogue) does not imply that the lot is free from faults or imperfections. Solely as a convenience to clients, Phillips may provide condition reports. In preparing such reports, our specialists assess the condition in a manner appropriate to the estimated value of the property. While condition reports are prepared honestly and carefully, our staff are not professional restorers. We therefore encourage all

Ж Property Subject to US Import Tariffs Lots with this symbol indicate that the Property may be subject to additional tariffs upon importation into the United States of America. See paragraph 12 of the Conditions of Sale.

2 Bidding in the Sale Bidding at Auction Bids may be executed during the auction in person by paddle, by telephone, online or prior to the sale in writing by absentee bid. Proof of identity in the form of government-issued identification will be required, as will an original signature and recent proof of address. We may also require that you furnish us with a bank reference.

Undisclosed agreements between bidders to bid or abstain from bidding on lots are illegal. Please note that Phillips monitors its sales and bidding records to ensure that bidding is transparent and fair and will take appropriate action in the event of any suspected breach of this requirement.

The Auctioneer may vary the increments during the course of the auction at his or her own discretion.

Bidding in Person To bid in person, you will need to register for and collect a paddle before the auction begins. New clients are encouraged to register at least 48 hours in advance of a sale to allow sufficient time for us to process your information. All lots sold will be invoiced to the name and address to which the paddle has been registered and invoices cannot be transferred to other names and addresses.

Please do not misplace your paddle. In the event you lose it, inform a Phillips staff member immediately. At the end of the auction, please return your paddle to the registration desk.

Conditions of Sale As noted above, the auction is governed by the Conditions of Sale and Authorship Warranty. All prospective bidders should read them carefully. They may be amended by saleroom addendum or Auctioneer’s announcement.

Bidding by Telephone If you cannot attend the auction, you may bid live on the telephone with one of our multilingual staff members. This service must be arranged at least 24 hours in advance of the sale and is available for lots whose low pre-sale estimate is at least CHF1,000. Telephone bids may be recorded. By bidding on the telephone, you consent to the recording of your conversation. We suggest that you leave a maximum bid, excluding the buyer’s premium and VAT, which we can execute on your behalf in the event we are unable to reach you by telephone.

Online Bidding If you cannot attend the auction in person, you may bid online on our online live bidding platform available on our website at www.phillips.com. The digital saleroom is optimized to run on Google Chrome, Firefox, Opera and Internet Explorer browsers. Clients who wish to run the platform on Safari will need to install Adobe Flash Player. Follow the links to ‘Auctions’ and ‘Digital Saleroom’ and then pre-register by clicking on ‘Register to Bid Live.’ The first time you register you will be required to create an account; thereafter you will only need to register for each sale. You must pre-register at least 24 hours before the start of the auction in order to be approved by our bid department. Please note that corporate firewalls may cause difficulties for online bidders.

Absentee Bids If you are unable to attend the auction and cannot participate by telephone, Phillips will be happy to execute written bids on your behalf. A bidding form can be found at the back of this catalogue. This service is free and confidential. Bids must be placed in the currency of the sale. Our staff will attempt to execute an absentee bid at the lowest possible price taking into account the reserve and other bidders. Always indicate a maximum bid, excluding the buyer’s premium and VAT. Unlimited bids will not be accepted. Any absentee bid must be received at least 24 hours in advance of the sale. In the event of identical bids, the earliest bid received will take precedence.

Employee Bidding Employees of Phillips and our affiliated companies, including the huissier or the auctioneer (the ‘Auctioneer’), may bid at the auction by placing absentee bids so long as they do not know the reserve when submitting their absentee bids and otherwise comply with our employee bidding procedures.

Bidding Increments Bidding generally opens below the low estimate and advances in increments of up to 10%, subject to the Auctioneer’s discretion. Absentee bids that do not conform to the increments set below may be lowered to the next bidding increment.

CHF50 to CHF1,000 CHF1,000 to CHF2,000 CHF2,000 to CHF3,000 CHF3,000 to CHF5,000 CHF5,000 to CHF10,000 CHF10,000 to CHF20,000 CHF20,000 to CHF30,000 CHF30,000 to CHF50,000 CHF50,000 to CHF100,000 CHF100,000 to CHF200,000 above CHF200,000

by CHF50s

by CHF100s

by CHF200s

by CHF200s, 500, 800 (i.e., CHF4,200, 4,500, 4,800)

by CHF500s

by CHF1,000s

by CHF2,000s

by CHF2,000s, 5,000, 8,000

by CHF5,000s

by CHF10,000s at the Auctioneer’s discretion

3 The Auction

Interested Parties Announcement In situations where a person allowed to bid on a lot has a direct or indirect interest in such lot, such as the beneficiary or executor of an estate selling the lot, a joint owner of the lot or a party providing or participating in a guarantee on the lot, Phillips will make an announcement in the saleroom that interested parties may bid on the lot.

Consecutive and Responsive Bidding The Auctioneer may open the bidding on any lot by placing a bid on behalf of the seller. The Auctioneer may further bid on behalf of the seller up to the amount of the reserve by placing consecutive bids or bids in response to other bidders.

No Reserve Lots If a lot is offered without reserve, unless there are already competing absentee bids, the Auctioneer will generally open the bidding at 50% of the lot’s low presale estimate. In the absence of a bid at that level, the Auctioneer will proceed backwards at his or her discretion until a bid is recognized and will then advance the bidding from that amount. Absentee bids on no reserve lots will, in the absence of a higher bid, be executed at approximately 50% of the low pre-sale estimate or at the amount of the bid if it is less than 50% of the low pre-sale estimate. If there is no bid whatsoever on a no reserve lot, the Auctioneer may deem such lot unsold.

4 After the Auction Payment Buyers are required to pay for purchases immediately following the auction unless other arrangements have been agreed with Phillips in writing in advance of the sale. Payment must be made in Swiss francs by wire transfer, as noted in Paragraph 6 of the Conditions of Sale. Neither cash nor cheques will be accepted.

Credit Cards As a courtesy to clients, Phillips will accept American Express, Visa, MasterCard, and CUP (in person transactions only for CUP) to pay for invoices of CHF100,000 or less. A processing fee will apply.

Collection It is our policy to request proof of identity on collection of a lot. A lot will be released to the buyer or the buyer’s authorized representative when Phillips has received full and cleared payment and we are not owed any other amount by the buyer. After the auction, all lots will be kept at our premises.

Loss or Damage Buyers are reminded that Phillips accepts liability for loss or damage to lots for a maximum of seven days following the auction.

Transport and Shipping As a free service for buyers, Phillips will wrap purchased lots for hand carry only.

We do not provide packing, handling or shipping services directly. However, we will coordinate with shipping agents instructed by you in order to facilitate the packing, handling and shipping of property purchased at Phillips. Please refer to Paragraph 7 of the Conditions of Sale for more information.

Export and Import Before bidding for any property, prospective bidders are advised to make independent enquiries as to whether a licence is required to export the property from Switzerland or to import it into another country. It is the buyer’s sole responsibility to comply with all import and export laws and to obtain any

Important Notices necessary licences or permits. The denial of any required licence or permit or any delay in obtaining such documentation will not justify the cancellation of the sale or any delay in making full payment for the lot.

Buyers should note that the export of items offered for sale in this Auction to certain countries (including Russia and Belarus) may be prohibited pursuant to Government sanctions and other regulatory measures in force from time to time.

Regulated Species Items made of or incorporating plant or animal material, such as coral, crocodile, ivory, whalebone, Brazilian rosewood, rhinoceros horn or tortoiseshell, irrespective of age, percentage or value, may require a licence or certificate prior to exportation and additional licences or certificates upon importation to the US or to any country within or outside the European Union (EU). Please note that the ability to obtain an export licence or certificate does not ensure the ability to obtain an import licence or certificate in another country, and vice versa. We suggest that prospective bidders check with their own government regarding wildlife import requirements prior to placing a bid. It is the buyer’s sole responsibility to obtain any necessary export or import licences or certificates as well as any other required documentation. Please note that the US prohibits the importation of any item containing African elephant ivory. Asian elephant ivory may be imported in to the US only if accompanied by independent scientific analysis regarding continent of origin and confirmation the object is more than 100 years old. We have not obtained a scientific analysis on any lot prior to sale and cannot indicate whether elephant ivory in a particular lot is African or Asian elephant. Buyers purchase these lots at their own risk and will be responsible for the costs of obtaining any scientific analysis or other report required in connection with their proposed import of such property into the US. With regard to any item containing endangered species other than elephant ivory, an importer into the US must provide documented evidence of the species identification and age of an object in order to demonstrate that the object qualifies as an antique. This will require the buyer to obtain an independent appraisal certifying the species of endangered material on the object and certifying that the object is not less than 100 years of age. A prospective buyer planning to import an object into the US may not rely on Phillips cataloguing to establish the species of endangered material on the object or to establish the age of the object and must consult with a qualified independent appraiser prior to placing a bid on the lot.

Please note that lots containing potentially regulated plant or animal material are marked as a convenience to our clients, but Phillips does not accept liability for errors or for failing to mark lots containing protected or regulated species.

Privacy Our Privacy Policy is available at www.phillips.com or by emailing dataprotection@ phillips.com and sets out: (i) the types of personal data we will or may collect and process; (ii) the purposes for which we will or may process your personal data; (iii) the lawful bases we rely on when processing your personal data; (iv) your rights in respect of our processing of your personal data; and (v) various other information as required by applicable laws.

Phillips premises, sale, and exhibition venues are subject to CCTV video surveillance and recording for security, client service and bid monitoring purposes.

Phillips’ auctions will be filmed for simultaneous live broadcast on Phillips’ and third party websites and applications.

Your communications with Phillips, including by phone and online (e.g. phone and on-line bidding) may be recorded for security, client service and bid monitoring purposes. Where we record such information we will process it in accordance with our Privacy Policy.

Condition Phillips makes no representation or warranty that any watch or clock is in working order, and no catalogue description (appearing in the catalogue or accessed via a QR Code) of any lot should be construed as so stating,. Prospective buyers are advised to have watches and clocks checked by a competent watchmaker or watch or clock restorer before use. As a service to prospective buyers, we may provide a description of the condition of watches and clocks in the catalogue entry (appearing in the catalogue or accessed via a QR Code) including references to defects and repairs, and furnish a condition report, but such information is not necessarily complete and may not specify all mechanical replacements, restorations or defects. Please note that Phillips does not guarantee the authenticity of any individual components parts, such as wheels, hands, crowns, crystals, screws, bracelets and leather bands, since prior repairs and restoration work may have resulted in the replacement of original parts. Nor does Phillips warrant that watches in water- resistant cases are currently water-resistant.

Prospective buyers should inspect all watches and clocks prior to the auction to evaluate the condition of property offered for sale.

Exportation of Watch Bands Incorporating Material from Regulated Species Some of the watches offered for sale in the catalogue may have bands made of endangered or protected animal materials, such as alligator or crocodile, and may not lawfully be exported from the auction site without a CITES export permit.

As explained in Paragraph 4 of the Guide for Prospective Buyers, these lots are marked with ∑ in the catalogue. Accordingly, for purchased watches that are to be shipped out of the sale site for delivery, Phillips may need to remove and retain the band before shipping the watch and buckle.

Authenticity Certificates Certain manufacturers do not issue certificates of authenticity, and Phillips has no obligation to furnish a buyer with a certificate of authenticity from the manufacturer, except when specifically noted in the catalogue. Unless Phillips is satisfied that we should cancel the sale in accordance with the Authorship Warranty provided in the Conditions of Sale, the failure of a manufacturer to issue a certificate will not constitute grounds for cancellation of the sale.

Conditions of Sale The Conditions of Sale and Authorship Warranty set out below govern the relationship between bidders and buyers, on the one hand, and Phillips Fine Watches Limited (Geneva branch) registered in Geneva under number 380214667 (“Phillips”) and sellers, on the other hand. All prospective buyers should read these Conditions of Sale, the Important Notices immediately following the Guide for Prospective Buyers and the Authorship Warranty carefully before bidding.

1 Introduction Each lot in this catalogue is offered for sale and sold subject to: (a) the Conditions of Sale and Authorship Warranty; (b) additional notices and terms in other places in this catalogue, including the Guide for Prospective Buyers and Important Notices (c) supplements to this catalogue including information accessed via QR Codes appearing in this catalogue, and (d) other written material posted

by Phillips in the saleroom, in each case as amended by any addendum or announcement by the auctioneer prior to the auction.

By bidding at the auction, whether in person, through an agent, by written bid, by telephone bid or other means, bidders and buyers agree to be bound by these Conditions of Sale, as so changed or supplemented, and Authorship Warranty.

These Conditions of Sale, as so changed or supplemented, and Authorship Warranty contain all the terms on which Phillips and the seller contract with the buyer.

2 Phillips As Agent Phillips acts as an agent for the seller, unless otherwise indicated in this catalogue or at the time of auction. On occasion, Phillips may own a lot directly, in which case we will act in a principal capacity as a consignor, or a company affiliated with Phillips may own a lot, in which case we will act as agent for that company, or Phillips or an affiliated company may have a legal, beneficial or financial interest in a lot as a secured creditor or otherwise.

3 Catalogue Descriptions and Condition of Property Lots are sold subject to the Authorship Warranty, as described in the catalogue (unless such description is changed or supplemented, as provided in Paragraph 1 above) and in the condition that they are in at the time of the sale on the following basis. (a) The knowledge of Phillips in relation to each lot is partially dependent on information provided to us by the seller, and Phillips is not able to and does not carry out exhaustive due diligence on each lot. Prospective buyers acknowledge this fact and accept responsibility for carrying out inspections and investigations to satisfy themselves as to the lots in which they may be interested. Notwithstanding the foregoing, we shall exercise such reasonable care when making express statements in catalogue descriptions or condition reports (including those accessed via QR Codes appearing in this catalogue) as consistent with our role as auctioneer of lots in this sale and in light of (i) the information provided to us by the seller, (ii) scholarship and technical knowledge and (iii) the generally accepted opinions of relevant experts, in each case at the time any such express statement is made. (b) Each lot offered for sale at Phillips is available for inspection by prospective buyers prior to the auction. Phillips accepts bids on lots on the basis that bidders (and independent experts on their behalf, to the extent appropriate given the nature and value of the lot and the bidder’s own expertise) have fully inspected the lot prior to bidding and have satisfied themselves as to both the condition of the lot and the accuracy of its description. (c) Prospective buyers acknowledge that many lots are of an age and type which means that they are not in perfect condition. As a courtesy to clients, Phillips may prepare and provide condition reports to assist prospective buyers when they are inspecting lots. Catalogue descriptions and condition reports (including those accessed via QR Codes appearing in this catalogue) may make reference to particular imperfections of a lot, but bidders should note that lots may have other faults not expressly referred to in the catalogue or condition report. All dimensions are approximate. Illustrations are for identification purposes only and cannot be used as precise indications of size or to convey full information as to the actual condition of lots.

(d) Information provided to prospective buyers in respect of any lot, including any pre-sale estimate, whether written or oral, and information in any catalogue, condition or other report, commentary or valuation, is not a representation of fact but rather a statement of opinion held by Phillips. Any pre-sale estimate may not be relied on as a prediction of the selling price or value of the lot and may be revised from time to time by Phillips at our absolute discretion. Neither Phillips nor any of our affiliated companies shall be liable for any difference between the presale estimates for any lot and the actual price achieved at auction or upon resale.

4 Bidding at Auction (a) Phillips has absolute discretion to refuse admission to the auction or participation in the sale. All bidders must register for a paddle prior to bidding, supplying such information and references as required by Phillips. (b) As a convenience to bidders who cannot attend the auction in person, Phillips may, if so instructed by the bidder, execute written absentee bids on a bidder’s behalf. Absentee bidders are required to submit bids on the ‘Absentee Bid Form’, a copy of which is printed in this catalogue or otherwise available from Phillips.

Bids must be placed in the currency of the sale. The bidder must clearly indicate the maximum amount he or she intends to bid, excluding the buyer’s premium and value added tax (VAT). The huissier or auctioneer (the ‘Auctioneer’) will not accept an instruction to execute an absentee bid which does not indicate such maximum bid. Our staff will attempt to execute an absentee bid at the lowest possible price taking into account the reserve and other bidders. Any absentee bid must be received at least 24 hours in advance of the sale. In the event of identical bids, the earliest bid received will take precedence. (c) Telephone bidders are required to submit bids on the ‘Telephone Bid Form’, a copy of which is printed in this catalogue or otherwise available from Phillips.

Telephone bidding is available for lots whose low pre-sale estimate is at least CHF1000. Phillips reserves the right to require written confirmation of a successful bid from a telephone bidder by fax or otherwise immediately after such bid is accepted by the Auctioneer. Telephone bids may be recorded and, by bidding on the telephone, a bidder consents to the recording of the conversation.

(d) Bidders may participate in an auction by bidding online through Phillips’s online live bidding platform available on our website at www.phillips.com. To bid online, bidders must register online at least 24 hours before the start of the auction. Online bidding is subject to approval by Phillips’s bid department in our sole discretion.

As noted in Paragraph 3 above, Phillips encourages online bidders to inspect prior to the auction any lot(s) on which they may bid, and condition reports are available upon request. Bidding in a live auction can progress quickly. To ensure that online bidders are not placed at a disadvantage when bidding against bidders in the room or on the telephone, the procedure for placing bids through Phillips’s online bidding platform is a one-step process. By clicking the bid button on the computer screen, a bidder submits a bid. Online bidders acknowledge and agree that bids so submitted are final and may not under any circumstances be amended or retracted. During a live auction, when bids other than online bids are placed, they will be displayed on the online bidder’s computer screen as ‘floor’ bids. ‘Floor’ bids include bids made by the auctioneer to protect the reserve. In the event that an online bid and a ‘floor’ or ‘phone’ bid are identical, the ‘floor’ bid may take precedence at the Auctioneer’s discretion. The next bidding increment is shown for the convenience of online bidders in the bid button. The bidding increment available to online bidders may vary from the next bid actually taken by the Auctioneer, as the Auctioneer may deviate from Phillips’s standard increments at any time at his or her discretion, but an online bidder may only place a bid in a whole bidding increment. Phillips’s bidding increments are published in the Guide for Prospective Buyers. (e) When making a bid, whether in person, by absentee bid, on the telephone or online, a bidder accepts personal liability to pay the purchase price, as described more fully in Paragraph 6 (a) below, plus all other applicable charges.

(f) By participating in the auction, whether in person, by absentee bid, on the telephone or online, each prospective buyer represents and warrants that any bids placed by such person, or on such person’s behalf, are not the product of any collusive or other anti-competitive agreement and are otherwise consistent with federal and state antitrust law. (g) Arranging absentee, telephone and online bids is a free service provided by Phillips to prospective buyers. While we undertake to exercise reasonable care in undertaking such activity, we cannot accept liability for failure to execute such bids except where such failure is caused by our willful misconduct.

(h) Employees of Phillips and our affiliated companies, including the Auctioneer, may bid at the auction by placing absentee bids so long as they do not know the reserve when submitting their absentee bids and otherwise comply with our employee bidding procedures.

5 Conduct of the Auction (a) Unless otherwise indicated by the symbol •, each lot is offered subject to a reserve, which is the confidential minimum selling price agreed by Phillips with the seller. The reserve will not exceed the low pre-sale estimate at the time of the auction. (b) The Auctioneer has discretion at any time to refuse any bid, withdraw any lot, re-offer a lot for sale (including after the fall of the hammer) if he or she believes there may be error or dispute and take such other action as he or she deems reasonably appropriate. Phillips shall have no liability whatsoever for any such action taken by the Auctioneer. If any dispute arises after the sale, our sale record is conclusive. The Auctioneer may accept bids made by a company affiliated with Phillips provided that the bidder does not know the reserve placed on the lot. (c) The Auctioneer will commence and advance the bidding at levels and in increments he or she considers appropriate. In order to protect the reserve on any lot, the Auctioneer may place one or more bids on behalf of the seller up to the reserve without indicating he or she is doing so, either by placing consecutive bids or bids in response to other bidders. If a lot is offered without reserve, unless there are already competing absentee bids, the Auctioneer will generally open the bidding at 50% of the lot’s low pre-sale estimate. In the absence of a bid at that level, the Auctioneer will proceed backwards at his or her discretion until a bid is recognized and will then advance the bidding from that amount. Absentee bids on no reserve lots will, in the absence of a higher bid, be executed at approximately 50% of the low pre-sale estimate or at the amount of the bid if it is less than 50% of the low pre-sale estimate. If there is no bid whatsoever on a no reserve lot, the Auctioneer may deem such lot unsold. (d) The sale will be conducted in Swiss francs and payment is due in Swiss francs.

For the benefit of international clients, pre-sale estimates in the auction catalogue may be shown in US dollars and/or euros and, if so, will reflect approximate exchange rates. Accordingly, estimates in US dollars or euros should be treated only as a guide. If a currency converter is operated during the sale, it is done so as a courtesy to bidders, but Phillips accepts no responsibility for any errors in currency conversion calculation.

(c) Unless otherwise agreed, a buyer is required to pay for a purchased lot immediately following the auction regardless of any intention to obtain an export or import license or other permit for such lot. Payments must be made by the invoiced party in Swiss francs by wire transfer in accordance with the bank transfer details provided on the invoice for purchased lots. (d) As a courtesy to clients, Phillips will accept American Express, Visa, MasterCard, and CUP (in person transactions only for CUP) to pay for invoices of CHF100,000 or less. A processing fee will apply. (e) Title in a purchased lot will not pass until Phillips has received the Purchase Price for that lot in cleared funds. Phillips is not obliged to release a lot to the buyer until title in the lot has passed and appropriate identification has been provided, and any earlier release does not affect the passing of title or the buyer’s unconditional obligation to pay the Purchase Price.

7 Collection of Property (a) Phillips will not release a lot to the buyer until we have received payment of its Purchase Price in full in cleared funds, the buyer has paid all outstanding amounts due to Phillips or any of our affiliated companies, including any charges payable pursuant to Paragraph 8 (a) below, and the buyer has satisfied such other terms as we in our sole discretion shall require, including providing information and documentation we require to satisfy our customer due diligence and verification checks for Know Your Customer compliance purposes and completing any antimoney laundering, anti-terrorism financing and sanctions checks. As soon as a buyer has satisfied all of the above conditions, he or she should contact us at +41 22 317 8181 to arrange for collection of purchased property. (b) The buyer must arrange for collection of a purchased lot within seven days of the date of the auction. After the auction, all lots will be kept at our premises.

Purchased lots are at the buyer’s risk, including the responsibility for insurance, from (i) the date of collection or (ii) seven days after the auction, whichever is the earlier. Until risk passes, Phillips will compensate the buyer for any loss or damage to a purchased lot up to a maximum of the Purchase Price paid, subject to our usual exclusions for loss or damage to property.

(e) Subject to the Auctioneer’s reasonable discretion, the highest bidder accepted by the Auctioneer will be the buyer and the striking of the hammer marks the acceptance of the highest bid and the conclusion of a contract for sale between the seller and the buyer. Risk and responsibility for the lot passes to the buyer as set forth in Paragraph 7 below.

(c) As a courtesy to clients, Phillips will, without charge, wrap purchased lots for hand carry only. We do not provide packing, handling, insurance or shipping services. We will coordinate with shipping agents instructed by the buyer, whether or not recommended by Phillips, in order to facilitate the packing, handling, insurance and shipping of property bought at Phillips. Any such instruction is entirely at the buyer’s risk and responsibility, and we will not be liable for acts or omissions of third party packers or shippers. Property will be collected by the buyer at the point it is released in the sale location by Phillips to the buyer or to a thirdparty shipper acting for the buyer. The buyer is responsible for paying any import duties and local taxes payable to import the Property to its final destination.

(f) If a lot is not sold, the Auctioneer will announce that it has been ‘passed’, ‘withdrawn’, ‘returned to owner’ or ‘bought-in’.

(d) Phillips will require presentation of government-issued identification prior to release of a lot to the buyer or the buyer’s authorized representative.

(g) Any post-auction sale of lots offered at auction shall incorporate these Conditions of Sale and Authorship Warranty as if sold in the auction.

8 Failure to Collect Purchases (a) If the buyer pays the Purchase Price but fails to collect a purchased lot within 30 days of the auction, the buyer will incur a late collection fee of CHF10 per day for each uncollected lot. We will not release purchased lots to the buyer until all such charges have been paid in full.

6 Purchase Price and Payment (a) The buyer agrees to pay us, in addition to the hammer price of the lot, the buyer’s premium, plus any applicable value added tax (VAT) (the ‘Purchase Price’). The buyer’s premium is 26% of the hammer price up to and including CHF600,000, 21% of the portion of the hammer price above CHF600,000 up to and including CHF6,000,000 and 14.5% of the portion of the hammer price above CHF6,000,000. Phillips reserves the right to pay from our compensation an introductory commission to one or more third parties for assisting in the sale of property offered and sold at auction. (b) VAT of 7.7% is payable on the hammer price plus buyer’s premium. This tax is refunded to any buyer domiciled outside Switzerland if, but only if, Phillips receives from such buyer an export declaration in respect of a purchased lot which has been stamped by Swiss customs. All prices, fees, charges and expenses set out in these Conditions of Sale are quoted exclusive of VAT.

(b) If a purchased lot is paid for but not collected within six months of the auction, the buyer authorizes Phillips, upon notice, to arrange a resale of the item by auction or private sale, with estimates and a reserve set at Phillips’s reasonable discretion. The proceeds of such sale will be applied to pay for storage charges and any other outstanding costs and expenses owed by the buyer to Phillips or our affiliated companies and the remainder will be forfeited unless collected by the buyer within two years of the original auction.

9 Remedies for Non-Payment (a) Without prejudice to any rights the seller may have, if the buyer without prior agreement fails to make payment of the Purchase Price for a lot in cleared funds within seven days of the auction, Phillips may in our sole discretion exercise one or

more of the following remedies: (i) store the lot at Phillips‘s premises or elsewhere at the buyer’s sole risk and expense; (ii) cancel the sale of the lot, retaining any partial payment of the Purchase Price as liquidated damages; (iii) reject future bids from the buyer or render such bids subject to payment of a deposit; (iv) charge interest at 12% per annum from the date payment became due until the date the Purchase Price is received in cleared funds; (v) subject to notification of the buyer, exercise a lien over any of the buyer’s property which is in the possession of Phillips and instruct our affiliated companies to exercise a lien over any of the buyer’s property which is in their possession and, in each case, no earlier than 30 days from the date of such notice arrange the sale of such property and apply the proceeds to the amount owed to Phillips or any of our affiliated companies after the deduction from sale proceeds of our standard vendor’s commission, all salerelated expenses and any applicable taxes thereon; (vi) resell the lot by auction or private sale, with estimates and a reserve set at Phillips’s reasonable discretion, it being understood that in the event such resale is for less than the original hammer price and buyer’s premium for that lot, the buyer will remain liable for the shortfall together with all costs incurred in such resale; (vii) commence legal proceedings to recover the hammer price and buyer’s premium for that lot, together with interest and the costs of such proceedings; (viii) set off the outstanding amount remaining unpaid by the buyer against any amounts which we or any of our affiliated companies may owe the buyer in any other transactions; (ix) release the name and address of the buyer to the seller to enable the seller to commence legal proceedings to recover the amounts due and legal costs; or (x) take such other action as we deem necessary or appropriate.

With regard to any item containing endangered species other than elephant ivory, an importer into the US must provide documented evidence of the species identification and age of an object in order to demonstrate that the item qualifies as an antique. This will require the buyer to obtain an independent appraisal certify the species of endangered material on the object and certifying that the object is not less than 100 years of age. A prospective buyer planning to import an object containing endangered species into the US may not rely on Phillips cataloguing to establish the species of endangered material on the object or to establish the age of the object and must consult with a qualified independent appraiser prior to placing a bid on the lot.

(b) The buyer irrevocably authorizes Phillips to exercise a lien over the buyer’s property which is in our possession upon notification by any of our affiliated companies that the buyer is in default of payment. Phillips will notify the buyer of any such lien. The buyer also irrevocably authorizes Phillips, upon notification by any of our affiliated companies that the buyer is in default of payment, to pledge the buyer’s property in our possession by actual or constructive delivery to our affiliated company as security for the payment of any outstanding amount due. Phillips will notify the buyer if the buyer’s property has been delivered to an affiliated company by way of pledge.

Export and Import Bans and Restrictions Buyers should note that the export of items offered for sale in this Auction to certain countries (including Russia and Belarus) may be prohibited pursuant to Government sanctions and other regulatory measures in force from time to time.

Please contact the department organising the auction for further details.

(c) If the buyer is in default of payment, the buyer irrevocably authorizes Phillips to instruct any of our affiliated companies in possession of the buyer’s property to deliver the property by way of pledge as the buyer’s agent to a third party instructed

by Phillips to hold the property on our behalf as security for the payment of the Purchase Price and any other amount due and, no earlier than 30 days from the date of written notice to the buyer, to sell the property in such manner and for such consideration as can reasonably be obtained on a forced sale basis and to apply the proceeds to any amount owed to Phillips or any of our affiliated companies after the deduction from sale proceeds of our standard vendor’s commission, all sale-related expenses and any applicable taxes thereon.

10 Rescission by Phillips Phillips shall have the right, but not the obligation, to rescind a sale without notice to the buyer if we reasonably believe that there is a material breach of the seller’s representations and warranties or the Authorship Warranty or an adverse claim is made by a third party. Upon notice of Phillips election to rescind the sale, the buyer will promptly return the lot to Phillips, and we will then refund the Purchase Price paid to us. As described more fully in Paragraph 13 below, the refund shall constitute the sole remedy and recourse of the buyer against Phillips and the seller with respect to such rescinded sale.

11 Export, Import and Endangered Species Licences and Permits Before bidding for any property, prospective buyers are advised to make their own enquiries as to whether a licence is required to export a lot from Switzerland or to import it into another country. Prospective buyers are advised that some countries prohibit the import of property made of or incorporating plant or animal material, such as coral, crocodile, ivory, whalebone, Brazilian rosewood, rhinoceros horn or tortoiseshell, irrespective of age, percentage or value. Accordingly, prior to bidding, prospective buyers considering export of purchased lots should familiarize themselves with relevant export and import regulations of the countries concerned. Please note that the US prohibits the importation of any item containing African elephant ivory. Asian elephant ivory may be imported in to the US only if accompanied by independent scientific analysis of continent of origin and confirmation the object is more than 100 years old.

It is solely the buyer’s responsibility to comply with these laws and to obtain any necessary export, import and endangered species licences or permits. Failure to obtain a licence or permit or delay in so doing will not justify the cancellation of the sale or any delay in making full payment for the lot. As a courtesy to clients, Phillips has marked in the catalogue lots containing potentially regulated plant or animal material, but we do not accept liability for errors or for failing to mark lots containing protected or regulated species.

Export, Import, Sales and/or Use Taxes Buyers should note that they are responsible for all charges, duties and taxes related to the exportation and importation of lots shipped by them or shipped on their behalf, including any applicable Sales and/or Use Taxes which may be due on importing the property to the United States.

12. US Imports Customs Tariffs Buyers intending to import property into the United States of America should note that US Customs may charge an additional import duty upon the importation of (i) products manufactured or created in mainland China and (ii) printed materials (including photographs, prints, lithographs, books and designs) printed in the UK or Germany.

Phillips will mark with a symbol lots which may be subject to additional US import tariffs, where this is known to us. Please note, however, that any such markings are done by us only as a convenience to bidders. Phillips does not accept liability for errors including failing to mark lots accurately or for the absence of any marking.

13 Privacy (a) You acknowledge and understand that we may process your personal data (including potentially special category data) in accordance with our privacy policy from time to time as published at www.phillips.com or available by emailing dataprotection@phillips.com. (b) Our privacy policy sets out: (i) the types of personal data we will or may collect and process; (ii) the purposes for which we will or may process your personal data (including for example the provision of auction, private sale and related services; the performance and enforcement of these terms and conditions; the carrying out of identity and credit checks; keeping you informed about upcoming auctions, exhibitions and special events; and generally where reasonably necessary in the management and operation of our business); (iii) the lawful bases on which we rely in undertaking our processing of your personal data; (iv) your rights in respect of our processing of your personal data; and (v) various other information as required by applicable laws. (c) Phillips premises and sale and exhibition venues are subject to CCTV video surveillance and recording for security, client service and bid monitoring purposes and will be filmed during the auction for simultaneous live broadcast on our and third party websites and applications. By remaining in these areas, you acknowledge that you may be photographed, filmed and recorded and grant your permission for your likeness and voice to be included in such recordings. If you do not wish to be photographed or filmed or appear in such recordings, please speak to a member of Phillips staff.

Your communications with Phillips, including by telephone and online (e.g. telephone and on-line bidding) may also be recorded for security, client service and bid monitoring purposes. Where we record such information we will process it in accordance with our Privacy Policy available at www.phillips.com.

14 Limitation of Liability (a) Subject to sub-paragraph (e) below, the total liability of Phillips, our affiliated companies and the seller to the buyer in connection with the sale of a lot shall be limited to the Purchase Price actually paid by the buyer for the lot. (b) Except as otherwise provided in this Paragraph 14, none of Phillips, any of our affiliated companies or the seller (i) is liable for any errors or omissions, whether orally or in writing, in information provided to prospective buyers by Phillips or any of our affiliated companies or (ii) accepts responsibility to any bidder in respect of acts or omissions, whether negligent or otherwise, by Phillips or any of our affiliated companies in connection with the conduct of the auction or for any other matter relating to the sale of any lot. (c) All warranties other than the Authorship Warranty, express or implied, including any warranty of satisfactory quality and fitness for purpose, are specifically excluded by Phillips, our affiliated companies and the seller to the fullest extent permitted by law. (d) Subject to sub-paragraph (e) below, none of Phillips, any of our affiliated companies or the seller shall be liable to the buyer for any loss or damage beyond the refund of the Purchase Price referred to in sub-paragraph (a) above, whether such loss or damage is characterised as direct, indirect, special, incidental or consequential, or for the payment of interest on the Purchase Price to the fullest extent permitted by law. (e) No provision in these Conditions of Sale shall be deemed to exclude or limit the liability of Phillips or any of our affiliated companies to the buyer in respect of any fraud or fraudulent misrepresentation made by any of us or in respect of death or personal injury caused by our negligent acts or omissions.

15 Copyright The copyright in all images, illustrations and written materials produced by or for Phillips relating to a lot, including the contents of this catalogue, is and shall remain at all times the property of Phillips and such images and materials may not be used by the buyer or any other party without our prior written consent. Phillips and the seller make no representations or warranties that the buyer of a lot will acquire any copyright or other reproduction rights in it.

16 General (a) These Conditions of Sale, as changed or supplemented as provided in Paragraph 1 above, and Authorship Warranty set out the entire agreement between the parties with respect to the transactions contemplated herein and supersede all prior and contemporaneous written, oral or implied understandings, representations and agreements. (b) Notices to Phillips shall be in writing and addressed to the department in charge of the sale, quoting the reference number specified at the beginning of the sale catalogue. Notices to clients shall be addressed to the last address notified by them in writing to Phillips. (c) These Conditions of Sale are not assignable by any buyer without our prior written consent but are binding on the buyer’s successors, assigns and representatives. (d) Should any provision of these Conditions of Sale be held void, invalid or unenforceable for any reason, the remaining provisions shall remain in full force and effect. No failure by any party to exercise, nor any delay in exercising, any right or remedy under these Conditions of Sale shall act as a waiver or release thereof in whole or in part.

17 Law and Jurisdiction (a) The rights and obligations of the parties with respect to these Conditions of Sale and Authorship Warranty, the conduct of the auction and any matters related to any of the foregoing shall be governed by and interpreted in accordance with Swiss law.

(b) For the benefit of Phillips, all bidders and sellers agree that the ordinary courts of the Canton of Geneva, Switzerland are to have exclusive jurisdiction to settle all disputes arising in connection with all aspects of all matters or transactions to which these Conditions of Sale and Authorship Warranty relate or apply, subject to appeal to the Federal Tribunal. All parties agree that Phillips shall retain the right to bring proceedings in any court other than the ordinary courts of the Canton of Geneva. (c) All bidders and sellers irrevocably consent to service of process or any other documents in connection with proceedings in any court by facsimile transmission, personal service, delivery by mail or in any other manner permitted by Swiss law, the law of the place of service or the law of the jurisdiction where proceedings are instituted at the last address of the bidder or seller known to Phillips.

Authorship Warranty Phillips warrants the authorship of property in this auction catalogue described in headings in BOLD or CAPITALIZED type for a period of five years from date of sale by Phillips, subject to the exclusions and limitations set forth below and the Important Notices set out in this catalogue immediately following the Guide for Prospective Buyers. (a) Phillips gives this Authorship Warranty only to the original buyer of record (i.e., the registered successful bidder) of any lot. This Authorship Warranty does not extend to (i) subsequent owners of the property, including purchasers or recipients by way of gift from the original buyer, heirs, successors, beneficiaries and assigns; (ii) property where the description in the catalogue (including descriptions accessed via QR Codes appearing in this catalogue) states that there is a conflict of opinion on the authorship of the property; (iii) property where our attribution of authorship was on the date of sale consistent with the generally accepted opinions of specialists, scholars or other experts; (iv) property whose description or dating is proved inaccurate by means of scientific methods or tests not generally accepted for use at the time of the publication of the catalogue or which were at such time deemed unreasonably expensive or impractical to use or likely in our reasonable opinion to have caused damage or loss in value to the lot; or (v) property where there has been no material loss in value from the value of the lot had it been as described in the heading of the catalogue entry. (b) In any claim for breach of the Authorship Warranty, Phillips reserves the right, as a condition to rescinding any sale under this warranty, to require the buyer to provide to us at the buyer’s expense the written opinions of two recognized experts approved in advance by Phillips. We shall not be bound by any expert report produced by the buyer and reserve the right to consult our own experts at our expense. If Phillips agrees to rescind a sale under the Authorship Warranty, we shall refund to the buyer the reasonable costs charged by the experts commissioned by the buyer and approved in advance by us. (c) Subject to the exclusions set forth in subparagraph (a) above, the buyer may bring a claim for breach of the Authorship Warranty provided that (i) he or she has notified Phillips in writing within three months of receiving any information which causes the buyer to question the authorship of the lot, specifying the auction in which the property was included, the lot number in the auction catalogue and the reasons why the authorship of the lot is being questioned and (ii) the buyer returns the lot to Phillips to the salesroom in which it was purchased in the same condition as at the time of its auction and is able to transfer good and marketable title in the lot free from any third party claim arising after the date of the auction.

Phillips has discretion to waive any of the foregoing requirements set forth in this subparagraph (c) or subparagraph (b) above. (d) The buyer understands and agrees that the exclusive remedy for any breach of the Authorship Warranty shall be rescission of the sale and refund of the original Purchase Price paid. This remedy shall constitute the sole remedy and recourse of the buyer against Phillips, any of our affiliated companies and the seller and is in lieu of any other remedy available as a matter of law or equity. This means that none of Phillips, any of our affiliated companies or the seller shall be liable for loss or damage beyond the remedy expressly provided in this Authorship Warranty, whether such loss or damage is characterized as direct, indirect, special, incidental or consequential, or for the payment of interest on the original Purchase Price.

The New York Watch Auction: SIX New York / 11 & 12 June

Public Viewing 4 – 10 June Enquiries watchesny@phillips.com

George Daniels The Anniversary Watch No. 00, An extraordinary and historically important platinum wristwatch with power reserve and date, circa 2010.

Estimate $500,000 - 1,000,000 phillips.com/watches

Sale information

Watch Department

Geneva, 6 May 2022, preceding Geneva Watch Auction XV on May 7 & 8, 2022

Geneva Senior Consultant Aurel Bacs +41 22 317 8188 abacs@phillipsbacsrusso.com Senior Consultant Livia Russo +41 22 317 8188 lrusso@phillipsbacsrusso.com Client Relations Manager at Bacs & Russo Clara Kessi +41 22 317 8188 ckessi@phillipsbacsrusso.com

Auction & Viewing Location La Réserve 301, Route de Lausanne 1293 Bellevue, Switzerland Auction Friday, 6 May 2022, 2pm Please register to bid online, absentee or by phone.

Under the aegis of Maître Tristan Reymond, Huissier Judiciaire

Administrative Assistant at Bacs & Russo Athena Bras +41 22 317 9665 abras@phillipsbacsrusso.com Head of Watches, Continental Europe and Middle East Alexandre Ghotbi +41 22 317 8189 aghotbi@phillips.com Head of Sale, Senior International Specialist Tiffany To +41 22 317 96 63 tto@phillips.com

Viewing Wednesday, 4 May, 2pm–8pm Thursday, 5 May, 10am–7pm Friday, 6 May, 9am–12:30pm Sale Designation When sending in written bids or making enquiries please refer to this sale as CH080222 or The Royal Oak 50th.

Absentee and Telephone Bids Tel +41 22 317 8181 Fax +41 22 317 8180 bidsgeneva@phillips.com

Specialist Virginie Liatard-Roessli +41 22 317 8182 vliatard@phillips.com Specialist & Business Development Associate Marcello de Marco +41 22 317 81 81 mdemarco@phillips.com Associate Specialist Edoardo Bolla +41 79 552 73 68 ebolla@phillips.com International Head of Digital Strategy Arthur Touchot +41 22 317 96 62 atouchot@phillips.com Digital Content Creator Dominik Teichert +41 22 317 96 67 dteichert@phillips.com International Business Director Myriam Christinaz +41 22 317 8184 mchristinaz@phillips.com Regional Director, Business Development Director Nathalie Monbaron +41 22 317 8183 nmonbaron@phillips.com

Business Development Manager Diana Ortega +41 22 317 8187 dortega@phillips.com

Associate Specialist Shoyo Kawamura +852 2318 2035 shoyokawamura@phillips.com

Senior Administrator Emanuela Campi +41 22 317 96 67 ecampi@phillips.com

Cataloguer/Designer Gertrude Wong +852 2318 2045 gertrudewong@phillips.com

Shipping & Office Coordinator Charles-Henri Gounod +41 79 532 0395 chgounod@phillips.com

Senior Business Manager, Asia Felix Yip +852 2318 2034 felixyip@phillips.com

Finance & Office Administration Alexia Rinalducci +41 22 317 96 71 arinalducci@phillips.com

Administrator Stanley Sit +852 2318 2018 stanleysit@phillips.com London

Watchmaker, Technical Support Nicolas Commergnat info@alliance-geneve.com

International Head of Perpetual James Marks +44 20 7901 7916 jmarks@phillips.com

Photographer Jess Hoffman contact@jesshoffman.ch

Specialist Chris Youé +44 777 814 3563 cyoue@phillips.com

New York

Sales Coordinator & Client Liaison Jacky Lam +44 7899 795870 jlam@phillips.com

Head of Watches Americas, International Strategy Advisor Paul Boutros +1 212 940 1293 pboutros@phillips.com Senior International Specialist Doug Escribano +1 212 940 1382 describano@phillips.com Senior International Specialist Geoff Hess +1 917 297 6328 ghess@phillips.com Head of Sale, International Specialist Isabella Proia +1 212 940 1285 iproia@phillips.com Sale and Business Development Manager Melissa Dahl +1 212 940 1314 mdahl@phillips.com Administrator Erica Downs +1 212 940 1389 edowns@phillips.com Hong Kong Head of Watches, Asia Thomas Perazzi +852 2318 2030 thomasperazzi@phillips.com Head of Watches, Hong Kong Jill Chen +852 2318 2033 jillchen@phillips.com Head of Sale & Specialist Zi Yong Ho +852 2318 2032 ziyongho@phillips.com

Paris International Business Development Director Pansy Ku +33 1 53 71 77 89 pku@phillips.com China Director of Watches, China Andy Zhang +86 138 1882 7196 andyzhang@phillips.com Tokyo Senior Specialist Consultant Genki Sakamoto +81 3 6273 4818 gsakamoto@phillips.com Senior Consultant Kaz Fujimoto +81 3 6273 4818 kfujimoto@phillips.com Taiwan General Manager, Taiwan Cindy Yen +886 963 135 449 cyen@phillips.com Consultant Zachary Lu +852 2318 2034 zacharylu@phillips.com Thailand Senior Consultant Rika Dila +66 818 186 878 rikadila@phillips.com

PERPETUAL Exceptional watches available for immediate purchase

Enquiries James Marks T +44 207 901 7916 M +44 7760 848 881 perpetual@phillips.com

A. Lange & Söhne Datograph "Philippe Dufour" 18ct rose gold with black "meter" dial Complete with original box, certificate and accessories.

30 Berkeley Square London W1J 6EX

phillips.com/watches @phillipsperpetual

phillips.com/watches