The Stephen S. Palmer Patek Philippe Grand Complication No. 97912. Christie’s New York said it will offer the earliest and most significant example of a Patek Philippe -Swiss master watchmaker- grand complication as the highlight of its New York Important Watches Auction on 11 June, 2013. It is estimated to fetch $1 to $1.5 million. The Stephen S. Palmer Patek Philippe Grand Complication No. 97912 is a minute repeating perpetual calendar split-seconds chronograph clockwatch with grande and petite sonnerie and moon phases, manufactured in 1898. It has never before seen in public, and it is the first time ever on the auction block.
The Stephen S. Palmer Patek Philippe Grand Complication Accompanied by Original Certificate, Invoice Dated 1900 & Presentation Box. Until the appearance of the Palmer watch, it was broadly accepted that Patek Philippe did not make its first Grand Complication until 1910 and that the second ever made was reserved before World War I for James W. Packard in 1916, Christie’s explained. Purchased on 3 Oct., 1900, for 6,500 Swiss francs by Stephen S. Palmer, the discovery of this watch serves as a “spectacular addition to scholarship surrounding Patek Philippe and Grand Complications in general,” Christie’s said in a statement. “Adding to its rarity, it is the only example known to have been cased in 18K pink gold whereas all following pieces were cased in yellow gold according to the style of the early 20th century.” The auction includes an impressive array of watches from all the major manufacturers -Patek Philippe, Rolex, Audemars Piguet, and several rare and unusual Vacheron Constantin time pieces, among many others. Timeless beauty!