Exclusive Timepieces 22 –⁠ 23 April 2023 | Monaco

Auction Details

The Monaco Legend Group team has put together an astonishing selection of rarities in the horological field. From the Unique Piece Rolex Yachtmaster, former property of the late President of Rolex Patrick Heiniger, to an outstanding example of the Patek Philippe 2523-1. Not to mention the great selection of rarities destined for Middle Eastern market, such as a Rolex Submariner and Daytona from the Sultanate of Oman and a steel Daytona with UAE emblem on the dial.
Many thanks to Auro Montanari, alias John Goldberger, Roberto Randazzo and George Pakkos for their significant help in supervising the catalogue and to Eric Tortella for his assistance in searching for some of our rarest Patek Philippe watches in his database and releasing his passport of authenticity for them.


Session I: Saturday 22 April, 2:30 PM – lots 1 to 100
Session II: Sunday 23 April, 10:30 AM – lots 101 to 164
Session III: Sunday 23 April, 2:30 PM – lots 165 to 261

215 Audemars Piguet Highly Rare and Extremely Well Preserved, Royal Oak, Automatic Wristwatch in White-gold, Diamond-Set Dial, With Letters Confirming the Exhibition During the Royal Oak 50th Anniversary Celebration, and Service, Reference 5402 BC

Estimate: € 130,000 –⁠ 260,000

Sold € 208,000

Model: Royal Oak
Reference: 5402BC
Case Material: White Gold
Bracelet Material: White Gold
Year: 1981
Movement: Automatic
Caliber: 2121C
Case N°: B43479, N°142
Movement N°: 212 205
Dimensions: 39 mm
Signed: Dial, Case and Movement
Accessories: Letters Confirming that the present watch has been exhibited during the Royal Oak's 50th Anniversary Celebration and Service

Iconic as very few other models have been in the history of horology, the Royal Oak model is the umpteenth creation of the immortal designer Gerald Genta. Launched at Baselworld in 1972, it represented a real novelty in the Audemars universe as it was the brand’s first true sporting pride. Its name comes from the “Royal Oak” tree under which King Charles of England was hid to save his life. It was so important that it gave the name to several British military ships whose portholes had the shape that inspired Gerald Genta and Audemars Piguet in the creation of the watch, calling it Royal Oak. It was the first luxury watch in steel with integrated bracelet and since its inception, Audemars Piguet would have made many of its variants and, in order to offer its customers a more precious but at the same time sporty alternative, it decided to launch a version of Royal Oak fully in gold. When Audemars introduced this first white-gold model, under the reference 5402 BC such as the present lot, wanted to realize few pieces just for selected people, in fact, this is one of only 149 believed to have been manufactured by the firm making this configuration the rarest variants of the original reference 5402. Compared to the same version in steel, this piece is extraordinary in terms of heaviness and luxuriousness. The present example is absolutely remarkable for its conservation: the whole bracelet and clasp are in excellent conditions and also the back still presents the case number engraved very crisp. The case and the immediately recognizable bezel are perfectly preserved still maintaining their original proportions. The black guilloché mini-“tapisserie” pattern, a texture dial found on all early Royal Oak dials, is still nice and well defined. It is, furthermore, embellished with applied diamond-set indexes for the hours markers and the AP logo at 12, while at 3 o’clock is located the date window. The present lot is a lavish example of one of the most appreciated models ever produced by the brand and, moreover, this watch is accompanied by lots of documentation. In addition to its AP Service, this watch had been exhibited during the Royal Oak 50th Anniversary Celebration and all is documented and confirmed by the letters.