Important Modern and Vintage Timepieces · 25 June 2011

Patek Philippe, Ref. 2438-1 Second Generation Patek Philippe, Genève, movement No. 888137

Patek Philippe, Ref. 2438-1 Second Generation Patek Philippe, Genève, movement No. 888137, case No. 2602737, Ref. 2438-1. Made in 1955, sold on July 11th, 1958. Extremely fine and rare, astronomic, center seconds, water-resistant, 18K yellow gold wristwatch with perpetual calendar, moon phases and a Patek Philippe/Gay Frères expandable 18k yellow gold bracelet. Accompanied by a fitted box and the Extract from the Archives.

Patek Philippe · reference 2438-1

Antiquorum, June 2011

Hammer result

HKD 2,960,000

about $380,101 at today's rate

Beat the high estimate by 48%
Low estimate HKD 1,500,000
High estimate HKD 2,000,000
In USD $192,619 to $256,825

The lot

Auction house

Antiquorum

Sale

Important Modern and Vintage Timepieces

Date

25 June 2011

Lot number

550

Reference

2438-1

Brand

Patek Philippe

Year

1955

Accompanied by

box

What this reference has made at auction

12 confirmed sales, 1990 to 2024

Average realised price per year, 1990 to 2024. Low $93,750, high $593,722.

YearSalesAverageRange
2024 1 $448,417 $448,417 to $448,417
2023 1 $593,722 $593,722 to $593,722
2021 1 $93,750 $93,750 to $93,750
2018 1 $372,649 $372,649 to $372,649
2011 1 $380,101 $380,101 to $380,101
2006 1 $192,131 $192,131 to $192,131
2005 1 $510,240 $510,240 to $510,240
2004 1 $259,250 $259,250 to $259,250
2003 1 $589,918 $589,918 to $589,918
2002 1 $186,773 $186,773 to $186,773
1998 1 $367,951 $367,951 to $367,951
1990 1 $114,083 $114,083 to $114,083

Confirmed sales only, converted to USD at today's rate so salerooms in different currencies can be compared. Unsold lots and withheld prices are excluded from the averages.

Other sales of this reference

8 shown, most recent first

WatchHouseDateResult
Patek Philippe Ref. 2438-1 "Secondi al Centro" Phillips May 2024 CHF 406,400 ($448,417)
Patek Philippe Ref. 2438-1 "Secondi al Centro" Phillips Nov 2023 CHF 533,400 ($593,722)
PATEK PHILIPPE, REF. 2438-1, A RESTORED GOLD PERPETUAL CALEN Christie's Oct 2021 USD 93,750 ($93,750)
Patek Philippe. A very fine and extremely rare 18K gold perp Christie's May 2018 CHF 372,500 ($372,649)
Ref. 2438-1 'Yellow Gold' Patek Philippe & Cie, Genève, No. Antiquorum Apr 2006 CHF 250,250 ($192,131)
'Pink Gold Screwed Back 2438-1' Patek Philippe & Cie, Genève Antiquorum Oct 2005 CHF 655,250 ($510,240)
Patek Philippe & Cie, Genève, No. 888146, case No. 2602746, Antiquorum Dec 2004 USD 259,250 ($259,250)
Patek Philippe & Cie, Genève, No. 888173, case No. 2619212, Antiquorum Oct 2003 CHF 773,500 ($589,918)
Sourcing request

Looking for this one at the right price?

Tell us the reference and your ceiling. We will check every dealer currently holding it, measure what they are asking against the auction results above, and tell you what is genuinely available and what it ought to cost.

  • Every dealer currently holding it, checked
  • Asking prices measured against our price record
  • A reply by email within 24 hours

The figures on this page do not change because of any enquiry, and you can check every one of them yourself.

When are you buying?
Condition