Tuesday 28 March 2023

Lot 166

Patek Philippe. An 18ct gold automatic calendar wristwatch, Circa 2002Calatrava, Reference...

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Lot 166

Patek Philippe. An 18ct gold automatic calendar wristwatch, Circa 2002
Calatrava, Reference...

Price Realised: £12,350

Estimate: £10,000 - £15,000

Price realised is hammer price plus fees (30% Buyers Premium inclusive of VAT).

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Lot 166

Description

Patek Philippe. An 18ct gold automatic calendar wristwatch, Circa 2002
Calatrava, Reference 5053J, Case number 4273969
Automatic 30-jewel Cal: 315/202 movement, movement numbered 3357486, silvered dial with printed black Breguet numerals, black outer minute track with 5 minute markers, date aperture at 6, black hands, centre seconds, Polished round case with hinged officers style snap on back, screwed lugs, and signed PP 18ct gold buckle, case, dial & movement signed
Diameter 35mm

Property from the estate of the late David Cornwell, best-known as the author John Le Carré

Please note that the watch straps for this lot will be removed at the time of purchase

The reference 5053R Calatrava often nicknamed the ‘Officer’s watch’  was so called because its distinctive hinged case back , screwed lugs, large crown and Breguet style dial resembled the military watches of the 1st World War.

Buyer's Premium

The buyer shall pay the hammer price together with a premium thereon of 26% up to £20,000 (31.2% inclusive of VAT), 25% from £20,001 - £500,000 (30% inclusive of VAT), 20% from £500,001 thereafter (24% inclusive of VAT). The premium price is subject to VAT at the standard rate.

VAT
VAT is not charged on the hammer price unless it is stated that there is 'VAT applicable on the hammer price at the end of the description. Buyer's premium is subject to VAT.
(ARR) - ARTIST'S RESALE RIGHT

Qualifying living artists and the descendants of artists deceased within the last 70 years are entitled to receive a re-sale royalty each time their work is bought through an auction house or art market professional.

It applies to lots with hammer value over €1,000 as follows:
0 to €50,000 - 4%, €50,000.01 to €200,000 - 3%
€200,000.01 to €350,000 - 1%,
€350,000.01 to €500,000 - 0.5%
Exceeding €500,000 - 0.25%
ARR is capped at €12,500

Please note ARR is calculated in euros. Auctioneers will apply current exchange rates.

Export of goods

Buyers intending to export goods should ascertain whether an export licence is required before bidding. Export licences are issued by Arts Council England and application forms can be obtained from its Export Licensing Unit. Details can be found on the ACE website www.artscouncil.org.uk or by phoning ACE on 020 7973 5188. The need for import licences varies from country to country and you should acquaint yourself with all relevant local requirements and provisions before bidding. The refusal of any such licences shall not permit the cancelling of any sale nor allow any delay in making full payment for the lot.

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