Top Collectors, Rivals, And Scholars Talk 'Grail Of All Grails' As Sale Of Extremely Rare Steel Patek Philippe 1518 Nears
A Patek Philippe reference 1518 in stainless steel is set to be auctioned, drawing significant attention from experts in the watch collecting community. This rare timepiece, one of only four known steel examples of the first serially produced perpetual calendar chronograph, was the focus of a nearly hour-long discussion featuring prominent collectors and scholars. Notable figures such as Dr. Helmut Crott and Davide Parmegiani elaborated on the historical significance and investment potential of the 1518 model, emphasizing its status as a benchmark in the collectible market. The auction, part of Phillips' Decade One sale, is anticipated to set a new standard in the auction market, with the steel 1518 estimated to fetch over CHF 8 million. The panelists shared their experiences and insights regarding the watch's upkeep and the meticulous care required to maintain its collector condition. The discussion highlighted the evolving value of these remarkable timepieces and their importance not just as collectibles, but also as financial assets, marking a pivotal moment in horological history.
