207 Audemars Piguet A fine and elegant, Ellipse, cushion shape automatic wristwatch in white gold, with blue dial and box, reference 5368.
Estimate: € 4.000 – 8.000
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- Model Ellipse
- Year Circa 1970s
- Reference 5368
- Case Material 18K white gold
- Case Number 68'367
- Bracelet Material Leather strap
- Movement Automatic, cal. 2121, 36 jewels
- Movement Number 122'372
- Dimension 33mm width x 33mm length
- Signed Case, dial and movement
- Accessories Accompanied by Audemars Piguet fitted presentation box.
Audemars Piguet has always had a talent for making restraint look like bravado. Long before the Royal Oak rewrote the rules, the maison was already exploring form, proportion and texture with quiet confidence.
The present reference 5368, “Ellipse,” is a compelling example of that philosophy. Its cushion-shaped case in 18k white gold is neither strictly round nor square, but something more nuanced, a soft geometry that sits elegantly on the wrist. The engraved decoration across the case gives it a tactile, almost architectural presence, catching the light in a way that feels deliberate rather than ostentatious.
Inside beats the celebrated automatic caliber 2121/1, derived from the legendary ultra-thin lineage that defined an era of refined self-winding watchmaking. Slim, sophisticated and mechanically elegant, it allows the case to retain graceful proportions while offering reliable performance. The discreet date aperture at 3 o’clock integrates seamlessly into the dial, adding function without disturbing balance.
The blue dial is where the watch truly comes alive. Deep and richly saturated, it contrasts beautifully with the cool tone of white gold. Applied baton indexes and slender hands maintain a sense of purity, allowing the color and form to speak for themselves.
While Audemars Piguet is often celebrated for bold statements, this piece demonstrates another side of the brand: confident understatement. The engraved white-gold case, the refined automatic movement and the vivid blue dial come together in a watch that rewards close inspection. In many ways, the reference 5368 captures a moment in time when creativity and classicism walked hand in hand, a rare and quietly charismatic wristwatch for the discerning collector.
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