Patek Philippe World Time 2523 South America Enamel
Vintage

Patek Philippe World Time 2523 South America Enamel

By quattro · Apr 13, 2026 · 8 replies
quattro
WPS member · Patek Philippe forum
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Only three Patek Philippe World Time ref. 2523 watches with cloisonné enamel dials depicting South America exist. The first is known from a book, the second will be auctioned soon, and the third remains mysterious. The watches have city rings with different languages and Moscow placement, along with

To my knowledge, there are only three Patek Philippe World Time ref. 2523 with a cloisonné enamel dial depicting a map of South America.

The first one has never appeared in public: it is only described on page 159 of the book by Giampiero Negretti & Paolo de Vecchi, Patek Philippe Complicated Wrist Watches, 1999.

A/ MOVEMENT NO. 722'710 & CASE NO. 306'206 - YELLOW GOLD

The city ring features 40 city names in French with “Moscou” on top of “Aden”.

The 24h ring features white6” and “18”.


credit: Giampiero Negretti & Paolo de Vecchi, Patek Philippe Complicated Wrist Watches, 1999 (photo borrowed from the post from 2016 by DCC)


The second example will be sold by Philipps on May 9-10, 2026 and had only appeared at auction once before, on October 25th, 1988 in New York (Sotheby’s, lot 465).

The resurfacing of this model is therefore a rather major event.


B/ MOVEMENT NO. 722'711 & CASE NO. 306'212 - YELLOW GOLD

The city ring features 39 city names in French without Moscou” on top of “Aden”.

The 24h ring features blackwhite  “6” and “18”.




























credit: Phillips


The third example, like the first one, has never appeared in public: it is only known through the book by Martin Huber & Alan Banbery Patek Philippe Genève Wristwatches (p. 241 of the second edition from 1998).

C/ THIRD EXAMPLE

The city ring features 40 city names in English  with “Moscow ” above “Aden”.

The 24h ring features black & white  “6” and “18”.



On the same page, Martin Huber & Alan Banbery provide two photos of a caliber 12’’’-400, which seems to belong to the watch.



Rear view



Under-dial view



But what puzzles me is that the number of this movement – 724315corresponds to an example of the ref. 2523/1 which is on display at the Patek Philippe Museum (Inv. P-212).






credit: personal photos of my copies of the Huber/Banbery book and of the catalog of the Patek Philippe Museum


So, I am unfortunately unable to specify the movement and case numbers of this third example...

The only certainty is that we know of only three “South America” examples of ref. 2523 and that the only example ever to appear publicly has just resurfaced nearly 40 years after its first appearance in 1988...

And, of course, I took this opportunity to update my thread dedicated to ref. 2523 & 2523/1Overview of the Patek Philippe World Time ref. 2523

Thanks for reading.

Best, Emmanuel

About the Patek Philippe Ref. 5130

The Patek Philippe Complications reference 5130, introduced in 2006, is a World Time watch that succeeded the popular reference 5110. This model maintained the distinctive World Time complication, allowing for simultaneous display of time in 24 different time zones. Its design evolved with a slightly larger case and updated dial aesthetics, distinguishing it from its predecessor while retaining the core functionality that defines Patek Philippe's travel timepieces. It was produced until 2017.

The watch features an 18k rose gold case measuring 39.5mm in diameter and 9.8mm in thickness, housing the self-winding Caliber 240 HU movement. This ultra-thin movement, visible through a sapphire crystal case back, provides a power reserve of 48 hours. The dial is silver or opaline with a guilloché center, protected by a sapphire crystal. Water resistance is rated at 30 meters.

Reference 5130 appeals to collectors seeking a sophisticated travel complication from Patek Philippe. Its larger case size compared to the 5110 offered a more contemporary presence on the wrist, while its classic World Time mechanism remained a hallmark of the brand's technical prowess. The model was available in various precious metals, with the rose gold variant offering a warm aesthetic.

Specifications

Caliber
Cal.240 HU
Case
18k rose gold
Diameter
39.5mm
Dial
Silver / opaline guilloché
Water Resist.
30m
Crystal
Sapphire
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The Discussion
QU
quattro
Apr 13, 2026

I'm almost certain the watch will sleep in a safe. For how long, I don't known... Best, Emmanuel

MA
Marba
Apr 13, 2026

tank you for sharing in depth.

GL
GLau
Apr 13, 2026

Early congratulations to the eventual winner at the auction !😃

QU
quattro
Apr 13, 2026

But my fear is that, given the insane price he will have to pay, this watch will instantly go for a long sleep in a safe... Let's hope not nonetheless. Best, Emmanuel

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