Exclusive Timepieces & Jewels 17 –⁠ 18 July 2019 | Monaco

Auction Details

A Selection of Pure Vintage/Contemporary Timepieces and Rare Jewels. Our first auction with Davide Parmegiani.

Session 1 starting at 3 p.m.
Session 2 starting at 6 p.m.

208 Patek Philippe An incredibly rare and exceptional Patek Philippe reference 1593 in platinum retailed by Serpyco Y Laino

Estimate: € 50,000 –⁠ 100,000

Sold € 55,900

Lot Description

Model: Hour Glass Retailed By Serpico Y Laino
Material: platinium
Reference N°: 1593
Year: 1949
Case N°: 655204
Caliber: 9'90
Movement N°: 971480
Bracelet: platinium signed Serpico y Laino
Dimensions: 25 mm x 41 mm
Signed: case, dial and movement
Accessories: Extract from the archives

In the early 1900s, the Italian Vicente Laino decided to move to Venezuela to find fortune. In the city of Caracas he met Leopoldo Serpico, also an Italian and owner of a small jewelry store. It was in 1925 that the two decided to unite the forces and founded the branch Serpico Y Laino in Bolsa in Marcaderes (Caracas). In a few years, it obtained the exclusive sales rights for some watch brands, including Patek Philippe, and among the pieces on which it had the opportunity to affix its signature, there is this fascinating Hour Glass reference 1593. In addition to the actual beauty of the case made of platinum and silver dial with dagger and Arabic numerals indexes, the desirability of this specific watch is further enhanced by the amazing platinum bracelet with tile-stile with the initials SyL on the buckle. The case, dial and movement are signed and the reference 1593 is illustrated in Patek Philippe Wristwatches by Martin Huber & Alan Banbery, second edition, pages 128 & 129 and 141 & 142, facts that make this watch a really “must have” in every collection. For another similar model please see lot 116 in this auction.

With Patek Philippe Extract from the Archives confirming production of the present watch with silvered dial, applied platinum hour markers in 1949 and its subsequent sale on 20 December 1949.