This evening, I have decided to take a family photo of the PPs. Despite having the similar movements for the 2552 and the 2526, the 2526 seems to be fatter. My friend has asked me why I love all these old vintage items and the reason is very simple.
My grand parents were poor migrants from Hainan island and my dad has completed his University education via government scholarship. As such during the 1950s-60s where housing was key, the priority will never be in these luxury items, which are not basic necessities. They have made a living from hardwork and I am grateful!
With the improve livelihood, my generations are able to afford some of these luxury, which is a real blessings! I am so glad that these watches have been well taken care by their previous owners. Hopefully, these watches can be part of my family heirloom that can be passed down from one generation after the other. I really like Patek's slogan as you never actually own a Patek Philippe. You merely look after it for the next generation. How true!
The joy of finding these beauties are beyond words. The reading and research, the hunt and the bargain... What a wonderful world!
Patek Rectangular using 09/90 movement
PP 2526 using 12-600AT First generation automatc movement (Enemal dial)
PP2552 using 12-600 AT First generation automatic movement (flying saucer)
PP3433 using 27-460 Second generation automatic movement
PP 3445 using 27-460 Second generation automatic movement (with date)
PP3940 using Cal 240Q (Auromatic Perpetual calendar)
One day, the Patek moonphase 3940 & 3448 shall join the Patek family...soon!
My love for vintage Patek continues to gather momentum. With the low interest rates from the bank, I have decided to divest my investment into this beautiful PP 2526 from the 1950s. One important reason for my love of pp is it's policy of honoring their vintage timepieces and their clear records of watches sold. Rolex, on the other hand, has no respect for their vintage timepieces, which is really sad!
Initially, I have no intention to get the 2526. When my Sihang Henry requested me to keep a look out for the rare 2526, I began to set my eyes into it. Owing to the porcelain dial, the challenge in the search is to find one in pristine condition with no hair line cracks on the dial.
I have gone through the auction fatalities in 2010 and till May 2011, I have yet to see one appearing. With the opportunity to buy from collector and without the need to pay for the buyer's premium, the 2526 is a bargain... : )
The Patek ref 2526 is one of the most desirable Patek. The scarce Patek Philippe 18K gold reference 2526 is a vintage automatic wrist watch with rare porcelain enamel dial produced circa 1950s.
This is the first self-winding wristwatch made by Patek Philippe and was produced in only 580 pieces, including yellow, pink and white gold and platinum. The dial with applied gold markers and gold hands, the signature and minute markers in gold enamel. The reference 2526 is the only Patek wrist watch with a porcelain enamel dial, and not all of this reference number have enamel dials. Calibre 12-600AT rhodium 30 jewel 8 adjustment movement with 18K gold rotor in heavy screwback case. A handsome and rare watch in particularly fine condition.
Depending upon the metal, condition, and dial variation the value of 2526 can range from $15,000 up to $200,000. The watch in 18k yellow ranges from $15,000. to $45,000. The most important factor that affects the value is the porcelain dial. Porcelain is a fragile material, and it has the possibility of cracking if it is mishandled which typically occurs when a watchmaker/butcher gets to the watch. A cracked dial decreases the value of the watch by 40 to 50% which is scary because sometimes it is very difficult to see a hairline even with a 10 power loupe. The next valuation factor is based upon the case condition which are typically very good to excellent with this model. However, sometimes these cases are over polished losing hallmarks and the original form of the watch which could affect the value by 30 to 40%.
There were different series made of the 2526 and the slight variations exists in the porcelain dial. The early generation dial is the most sought-after which can be determined by a small dimple that is noticeable underneath the baton markers. One the later series, the dial markers lay flat on the dial with no dimples underneath. Typically the early generation dial is worth about 10 to 15% more, but I have observed in auctions lately collectors are looking for flawless dials and similar prices have been relised for both dial types.
Overall, the Patek Philippe 2526 has a great case design, a technical movement, historical importance, and was produced with beautiful porcelain material. No wonder this model is highly sought-after and has always maintained and appreciated in value.
I have started to redefine my vintage watch collection by letting go some other brands of watches and focussed my efforts in vintage Patek. I am glad to be in Hong Kong and Taiwan where there are many Patek connoisseurs. As a result, I am still able to find these 1950s,60s vintage Patek in pristine condition.
Having been a die hard vintage Rolex collector, 2011 is a watershed year where my focus is on the ultimate classic. After acquiring some Rolex Prince, bubbleback, and sports models such as explorer 1, 2, submariner 6536, 5508, red 1680, I suddenly have the urge to go for the smaller and thinner in size classic dress watches.
With the Mainland Chinese collectors coming on board the vintage watch scene soon, prices will sure escalates upward.