Important Modern and Vintage Timepieces · 26 February 2012

King Abdul Al-Aziz Iii Ibn Saud Patek Philippe, Genève, No. 706400, case No. 2600021, Ref

KING ABDUL AL-AZIZ III IBN SAUD Patek Philippe, Genève, No. 706400, case No. 2600021, Ref. 2481, specially ordered by Patek Philippe's Saudi Arabian retailer in 1953 in honor of King Abdul al-Aziz III Ibn Saud (1880-1953), founder of Saudia Arabia. Made in 1956. Very fine and rare, center second, 18K pink gold and ruby wristwatch with a painted enamel dial and an 18K pink gold Patek Philippe tiled bracelet. Accompanied by an Extract from the Archives.

Patek Philippe · reference 2481

Antiquorum, February 2012

Hammer result

HKD 350,000

about $45,139 at today's rate

13% below the high estimate
Low estimate HKD 200,000
High estimate HKD 400,000
In USD $25,794 to $51,588

The lot

Auction house

Antiquorum

Sale

Important Modern and Vintage Timepieces

Date

26 February 2012

Lot number

384

Reference

2481

Brand

Patek Philippe

Year

1956

View at Antiquorum › Compare dealer prices (2)

Ask against realised

$30,168 dealers ask from vs $45,139 this lot made

Across 2 dealer listings of reference 2481. The ask is what a dealer wants today, not a sale.

What this reference has made at auction

27 confirmed sales, 2014 to 2026

Average realised price per year, 2014 to 2026. Low $14,062, high $595,178.

YearSalesAverageRange
2026 1 $15,360 $15,360 to $15,360
2025 2 $17,780 $11,430 to $24,130
2024 3 $44,166 $11,034 to $64,763
2023 2 $595,178 $72,757 to $1,117,600
2022 3 $21,965 $10,200 to $30,257
2021 4 $25,532 $13,875 to $41,671
2020 3 $28,158 $12,903 to $56,250
2019 1 $40,000 $40,000 to $40,000
2017 3 $22,390 $12,500 to $38,433
2016 2 $14,062 $11,250 to $16,875
2015 2 $15,891 $14,365 to $17,416
2014 1 $23,984 $23,984 to $23,984

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
Reference 2481 Calatrava | A yellow gold wristwatch, Circa 1 Sotheby's Jun 2026 USD 15,360 ($15,360)
Reference 2481 Calatrava | A yellow gold wristwatch with two Sotheby's Dec 2025 USD 24,130 ($24,130)
Reference 2481 Calatrava | A yellow gold wristwatch, Circa 1 Sotheby's Jun 2025 USD 11,430 ($11,430)
PATEK PHILIPPE. AN EXTREMELY RARE 18K PINK GOLD AND RUBY-SET Christie's Dec 2024 USD 56,700 ($56,700)
PATEK PHILIPPE. AN EXTREMELY RARE 18K PINK GOLD AND RUBY-SET Christie's Nov 2024 CHF 56,700 ($64,763)
Patek Philippe Ref 2481 Antiquorum May 2024 CHF 10,000 ($11,034)
PATEK PHILIPPE. AN EXTREMELY RARE AND ATTRACTIVE 18K PINK GO Christie's Nov 2023 HKD 567,000 ($72,757)
Patek Philippe Ref. 2481 "Pristine Forest" Phillips Jun 2023 USD 1,117,600 ($1,117,600)
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