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 dial showcasing South America exist. The first unseen watch is detailed in Negretti & Vecchi's book. The second, auctioned in 1988, reappeared in 2026. The third, known through Huber & Banbery’s book, features English city

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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, pages 158-159 (photos of my personal copy)


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: gadalex, here on WPS





























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 Complications Ref. 2523

The Patek Philippe reference 2523, launched in 1953, is a significant World Time model distinguished by its two-crown system. One crown manages the winding and time setting, while the second, positioned at 9 o’clock, controls the city disc, allowing for easy adjustment of the various time zones. This reference is notable for its integration of the world time complication, a signature feature developed by Louis Cottier. It represents a key development in Patek Philippe's history of complex timepieces.

This reference was produced in 18k white gold, among other metals, and features a case diameter of 35.5mm. The watch is powered by the automatic Caliber 12-400 HU, which incorporates the specialized world time module. The dial is typically silver, providing a clear backdrop for the city ring and time indications. A sapphire crystal protects the dial, ensuring durability and legibility.

Collector interest in the reference 2523 is high due to its innovative two-crown design and its place in the evolution of Patek Philippe's World Time series. It appeals to collectors seeking historically important complications and distinctive case designs. The reference 2523 is often discussed alongside its variant, the reference 2523/1, which features slightly different lug proportions and a marginally larger case diameter, offering collectors distinct aesthetic choices within the same core model.

Specifications

Caliber
Cal. 12-400 HU
Case
18k white gold
Diameter
35.5mm
Dial
Silver
Water Resist.
30m
Crystal
Sapphire
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The Discussion
JM
jmousey
Apr 13, 2026
Stunning piece, the holiest of holy grails. Hopefully the winner of the auction shares it with the public and doesn't hide it for another 40 years.

QU
quattro
Apr 13, 2026
Unfortunately, given the price he will have to pay,

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
Magnificent watch

tank you for sharing in depth.

QU
quattro
Apr 13, 2026
My pleasure, Marba!

Best, Emmanuel

GL
GLau
Apr 13, 2026
Wonderful post Emmanuel ! These Enamel WTs are so exquisite !

Early congratulations to the eventual winner at the auction !😃

QU
quattro
Apr 13, 2026
He will be a lucky chap!

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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