Jewelry & Watches

A Legendary Watch Owned by One of the Last Kings of Egypt Is Up for Auction

The coveted Reference 1518 is estimated to sell for between $400,000 and $800,000.
IMAGE CHRISTIE'S; GETTY
Comments

Christie's is selling a prized, 18-karat gold Patek Philippe watch that belonged to King Farouk, the penultimate King of Egypt and the Sudan.

Farouk, who died in 1965, reigned for 16 years and was a noted watch collector. He personalized this one, one of only 281 known Patek Philippe "Reference 1518" watches, with an "F" and Royal Crown of Egypt engraved on the back of the case. (Farouk’s father believed that the letter F was lucky, and he gave his six children names that began with it.)


ADVERTISEMENT - CONTINUE READING BELOW
The watch has a Pre-Sale Estimate of $400,000 to $800,000.

The Reference 1518 was the first perpetual calendar chronograph wristwatch produced in series by any watch company, and the king's version is expected to fetch between $400,000 and $800,000 at the March 23 auction in Dubai.

The watch will be sold with a Patek Philippe Extract from the Archives confirming its production in 1944 and subsequent sale on November 7, 1945. While the price the king paid for the watch has not been reported, he was known for his expensive taste. 


ADVERTISEMENT - CONTINUE READING BELOW

"He was a King who enjoyed an extremely glamorous royal lifestyle and often traveled to Europe for elaborate shopping sprees," the auction catalog notes. "Although he was just 16 years old when he became king he soon owned much land, airplanes, yachts, and luxury cars ... His extravagant collection of luxurious items also included coins, and of course, watches."

Interest in vintage watch collecting has increased in recent years, according to Christie's. Earlier this month the auction house announced that total global sales increased 26 percent in 2017, to £5.1 billion.

This story originally appeared on Townandcountrymag.com.
* Minor edits have been made by the Townandcountry.ph editors.

Comments
About The Author
Sam Dangremond
View Other Articles From Sam Dangremond
Comments
Latest Stories
 
Share
What to do if you’re in your car, an elevator, the train, or on the stairs during an earthquake.
 
Share
A historic, well-coordinated media blackout allowed the prince to carry out his deployment.
 
Share
The cathedral's tiny, buzzy residents made it through-and their beekeeper is over the moon about it.
 
Share
The stone edifice of Paris's great Cathedral has been in flux for almost 900 years. Change-and resurrection-are central to its identity.
 
Share
 
Share
Many of the Queen's relatives were there today to celebrate not only Easter, but also her 93rd birthday.
 
Share
The Duchess had a very good reason for skipping the annual royal event.
 
Share
The beloved aquamarine and ruby Paul Flato necklace once belonged to Cole Porter.
 
Share
It unfolds into a 7.3-inch screen that can run three apps simultaneously, making it the CEO of all smartphones.
Load More Articles
CONNECT WITH US