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Audemars Piguet 25721SA
The 25721SA is the first example of a Royal Oak Offshore exhibiting two tone configuration. It is a standard beast, however the bezel is supposedly 18k yellow gold. The bracelet does not contain any gold interlinks, making for a strange appearance, but a unique one.
In doing some research on the 25721SA, I've found the AP Chronicles site to list that 64 of them were produced in total
Several 25721SA's have been auctioned at large auction houses recently, one being a very very tarnished one at Philip's in May of 2022. It has a wild appearance.
The second recent 25721SA auctioned was at Sotheby's in June of 2022.
My question is, the Philip's auction states only "4 were known to be made in this configuration" and the Sotheby's states less than 10 known examples. How is this possible? If AP made 64 like they say they made, there is no way 50+ examples just vanish from the world. Can anyone provide any background information on this model, or on the accuracy of the AP Chronicles?
Another example is for sale on Chrono24 right now that is "naked", along with a second example on facbeook I saw today that is a fullset. So that right there is 4 unique examples just in the past couple years that have made their way to the internet?
Philips Auction Example
Sotheby’s Auction example
Sotheby’s Auction example
Audemars Piguet 25721SA
The 25721SA is the first example of a Royal Oak Offshore exhibiting two tone configuration. It is a standard beast, however the bezel is supposedly 18k yellow gold. The bracelet does not contain any gold interlinks, making for a strange appearance, but a ...
I checked the AP Chronicles' page
and what they say is so accurate (year by year sales from 1995 to 1999) that I would tend to rely on it. That only 10 or less than 10 have surfaced on the market doesn't seem unbelievable to me. It would just mean that 50+ owners are happy with this watch...
Maybe because there is a big difference between " made " and " resurfaced ", which is a common phenomenon in the vintage world.
For example, the Tornek Rayville: Around 1100 were made. How many survived? A bit more than 100? Maybe not even 100?
"Known to market" verbiage
I guess you are right, the verbiage makes a difference. This hodinkee article mentions "only 4 known to market" when talking about the 25721SA. www.hodinkee.com I got frustrated because the guy selling on facebook said "only 64 ever sold and only ...
interesting!
I appreciate the knowledge - I never considered some people may have gotten them and then swapped the bezels out after they had tarnished, or maybe just ended up not liking the differing metals. Crazy. I wish I had a little more money to comfortably just ...
So two tone is not about the bezel? :-)
From afar I thought the bezel may be made out of unicorn horn!
I need to understand how gold can corrode like that
it is quite understandable for such a limited edition to remain under the radar.
AP reference on the watch here in the forum ref 25721.SA
You can find it here www.watchprosite.com And www.watchprosite.com ...
