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Egyptian Prince's Rare Watch to Be Auctioned for USD 2.2 Million

The Patek Philippe Ref. 1518 is expected to sell for up to USD 2.2 million. It is one of only 14 in the world to sport a pink-gold case with a pink-gold dial.

An incredibly rare Patek Philippe watch that once belonged to Prince Tewfik Toussan of Egypt will appear—for the first time—in a public auction hosted by Sotheby’s, one of the world’s premier brokers of fine art, jewelry, and collectibles. The watch will be up for sale at the ‘Important Watches Auction’ along with an even rarer modern Ref. 5531R watch.

The Patek Philippe Ref. 1518 is expected to sell for up to USD 2.2 million. Sporting a pink-gold case with a rare pink-gold dial (one of only 14 in the world), the watch is the first perpetual calendar chronograph to achieve serial production. Since it was stored in Tewfik’s safe deposit box, the watch is in remarkably good condition, making it highly sought after by collectors. The watch will come with an official certificate of origin, the original box, and operating instructions.

The Ref. 5531R is also a pink-gold world timer, featuring a cloisonné enamel dial portraying lower Manhattan’s skyline. This dial was created by artist Anita Porchet to celebrate Patek Philippe’s ‘The Art of Watches Grand Exhibition’; she has only ever decorated five of these watches with lower Manhattan’s skyline, and another five that depicts the Big Apple. It is believed that the Ref. 5531R may sell for between one and two million dollars.

The two watches will be showcased at the Hong Kong Convention & Exhibition Center from October 7th to October 12th, before being auctioned at the Sotheby’s Important Watches Auction in December.