Patek Philippe World Time 2523: Overview
Reference Guide

Patek Philippe World Time 2523: Overview

By quattro · May 28, 2025 · 26 replies
quattro
WPS member · Patek Philippe forum
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Emmanuel, known as quattro on WatchProSite, enriches the community's understanding of the Patek Philippe World Time ref. 2523. His detailed photographic review and comprehensive listing of known examples serve as a vital complement to existing scholarship. This article is essential for collectors seeking to deepen their knowledge of this iconic reference and its subtle variations.

Launched in 1953, the Patek Philippe World Time ref. 2523 featured a new two-crown system, one for winding the watch and the other at 9 o’clock controlling the city disc.


Two versions were available: ref. 2523 with larger lugs sitting above the bezel and ref. 2523/1 with a slightly larger diameter (36 mm instead of 35,5 mm) and thinner lugs no longer sitting above the bezel


Both were powered by caliber 12-400 HU comprising the world time module developed by Louis Cottier.

This thread is a complement to the fantastic one made back in 2016 by DCCIn depth Review: Patek Philippe 2523 Reference World Time. As he had predicted, new models have surfaced and it is possible to bring some complements to his overview.

This thread is structured in three parts:

  • Photographic review of 6 examples of ref. 2523
  • Photographic review of 4 examples of ref. 2523/1
  • Listing with links to auction page of (hopefully) "all" models known today.

Enjoy!

Best, Emmanuel


A/ REFERENCE 2523 – 6 EXAMPLES

1/ Gold Guilloché dial with "waved" pattern, Yellow gold case

Manufactured in 1953

Movement No. 720'300, Case No. 305'699

Lot 88 at Christie’s Rare Watches 8 November 2021
















credit: @dax2499 (1-3), @minutesdevoyages (4-6) & Christie’s 


2/ Eurasia dial, Yellow gold case

Manufactured in 1953 and sold on December 7, 1954

Movement No: 720'301, Case No: 306'193

Lot 33 Phillips The Geneva Watch Auction: XIII, Geneva Auction 8 - 9 May 2021






































credit: @minutesdevoyages (1-2) & Sjx 


3/ Gold Guilloché dial with "Genève" at 6 o’clock, Yellow gold case

Manufactured in 1953, sold in December 1954

Movement No. 720’308 & Case No. 306’199

Lot 590 at Antiquorum Geneva, May 12, 2024












credit: @dax2499 (1-3) & antiquorum


4/ Gold Guilloché dial with "Fab Suisse" at 6 o'clock, Yellow gold case

Manufactured in 1953 and retailed by French jeweler Jean Guillermin on October 10, 1956

Movement No: 722’702, Case No: 306’207

Lot 469 Antiquorum Important Modern & Vintage Timepieces Geneva, May 13, 2012

Lot 908 Phillips The Hong Kong Watch Auction: FIVE, Hong Kong Auction 28 November 2017


















credit: Sjx


5/ Blue enamel dial, Yellow gold case

Manufactured in 1953, sold on 9 July 1956

Movement no. 722'704, case no. 306'209

Lot 600 Antiquorum Important Watches, Wristwatches and Clocks Geneva, Hotel Des Bergues, Apr 12, 1997

Lot 64 Christie’s Patek Philippe 175 9 November 2014











credit: hodinkee (1-4) & Christie’s


6/ Blue enamel dial signed "Gobbi", Pink gold case

Manufactured in 1953 and sold on 10 April 1957

Movement No. 722'715, Case N. 306'216

Lot 114 Christie’s Important Watches 15 November 2010

Lot 2201 Christie’s The Masterpiece Auction (23 Nov) / Important Watches including an Important Private Asian Collection Part One (27 Nov) 2019






















credit: christie’s 


B/ REFERENCE 2523/1 – 4 EXAMPLES

1/ White dial signed "Tiffany & Co.", Yellow gold case 

Manufactured in 1963, sold on June 5th, 1964

Movement No. 724’302 Case No. 313’036


Lot 183 Phillips Geneva Watch Auction: FIVE Geneva Auctions 13-14 May 2017

Lot 178 Christie’s “Important Watches” on 17 November 2008

Lot 104 Monaco Legend Auctions Exclusive Timepieces, 22 –⁠ 23 October 2022 | Monaco




















credit: @minutesdevoyages (1-6) & hodinkee 


2/ White dial with Yellow gold case

Manufactured in 1963 sold in June 1968

Movement No. 724'307 Case No. 313'041


Lot 164 Monaco Legend Auctions Exclusive Timepieces 22 –⁠ 23 April 2023 | Monaco






















credit: @unekual (1) & Monaco Legend Auctions


3/ White guilloché dial with Yellow gold case
 
Manufactured in 1965 sale on 23 January 1973

Movement no. 724'314, case no. 313'048

Lot 213 Christie’s Important Wrist and Pocketwatches, London, 18 March 1998

Lot 117 Christie’s Rare Watches Including Important Private Collections 16 May 2016

Lot 55 Phillips The Geneva Watch Auction: XIX featuring the Guido Mondani Collection May 12, 2024










credit: hodinkee (1-3) & phillips 


4/ White Guilloché dial with Pink Gold case

Manufactured in 1954 and sold on May 17, 1973

One of only 4 known pink gold 2523/1 with guilloché dial (one being in the Patek Philippe museum)

Movement No: 724'317, Case No: 313'051

Lot 373 Phillips The Hong Kong Watch Auction: TWO Hong Kong Auction 31 May 2016

Lot 39 Phillips The Geneva Watch Auction: XII, Geneva Auction 6 - 7 November 2020












credit: fivew (1) & phillips 


C/ LISTING OF “ALL” KNOWN MODELS NB: I've tried to be exhaustive, but have probably missed some examples

The first number is the movement number; they are ordered increasingly (YG=yellow gold, PG=pink gold, WG=white gold).

REF. 2523

720'300: example A/1 above

720'301: example A/2 above

720'303, case 306'197 YG (Eurasia): Patek Philippe Museum, Inv. P-1148

720'304, case 306'201 YG (Eurasia): Lot 24 Antiquorum Exceptional Horological Works of Art Geneva, Oct 19, 2002

720'308: example A/3 above

722’700, case 306'202 YG (Gold guilloché dial & bracelet): Lot 410 Antiquorum Important Watches Hanae Mori Building, Dec 15, 1990

722'701, case unconfirmed YG (Guilloché): only mentioned by Phillips in the catalogue essay of 722'711

722'702: example A/4 above

722'703, case 306’208 YG (Blue enamel): only mentioned by Phillips in the catalogue essay of 722'711

722'704: example A/5 above

722’705, case 306’204 YG (Blue enamel): Lot 252 Antiquorum Important Watches and Wristwatches Hong Kong, Hotel Furama, May 28, 1989 & Lot 473 Antiquorum Important Watches, Wristwatches and Clocks, Geneva, Hotel Des Bergues, Oct 31, 1998

722'706, case 306'205 YG (American continent): Lot 294 Antiquorum The Art Of Patek Philippe Geneva, Apr 09, 1989 & Lot 88 Christie’s Important Watches 14 May 2012

722’707, case 307’475 WG (American continent): Lot 918 Antiquorum Important Collectors Geneva, Hotel Des Bergues, Oct 21, 1995 - Patek Philippe Museum, Inv. P-1044

722’708, case 306’210 YG (American continent): Lot 529 Important Collectors Geneva, Hotel Du Rhone, Apr 02, 2006

722’709, case 306’211 YG (American continent): Lot 408 Antiquorum Important Watches Geneva, Hotel Des Bergues, Apr 02, 2000

722'710, case 306'206 YG (South America): Patek Philippe Complicated Wrist Watches by Giampiero Negretti & Paolo de Vecchi pp. 158-159 (it can be seen in the post by DCC)

722'711, case 306'212 YG (South America): Lot 27 Phillips The Geneva Auction: XXIII, 9-10 May 2026

722’712, case 306’213 PG (Gold guilloché)
: Lot 259 Sotheby's Important Watches 13 November 2011 • Geneva

722’714, case 306’215 PG (Blue enamel)
: only mentioned by Phillips in the catalogue essay of 722'711

722'715: example A/6 above

722'716, case 306'217 PG (Black): Patek Philippe Complicated Wrist Watches by Giampiero Negretti & Paolo de Vecchi pp. 162-165 (it can be seen in the post by DCC)

722’717, case 306’218 PG (American continent): Lot 204 Antiquorum Important Watches Geneva, Hotel Des Bergues, Apr 18, 1998 - Patek Philippe Museum, Inv. P-1106

REF. 2523/1

724'302: example B/1 above

724’303, case 313’037 YG (Silver): Lot 530 Antiquorum Important Wristwatches, Watches & Clocks Geneva, Hotel Des Bergues, Oct 17, 1992

724'304, case 313'038 YG (Silver): Lot 257 Phillips The Geneva Auction: Six, November 11, 2017

724'307: example B/2 above

724'309, case 313'043 YG (Silver): Lot 570 Antiquorum Important Watches Tokyo, Dec 15, 1989

724'310, case unspecified YG (Silver guilloché): Lot 12 Christie's Exceptional Patek Philippe Wristwatches, Geneva 13 November 2001

724’311, case 313’045 YG (Silver guilloché & bracelet): Lot 497 Antiquorum Important Watches New York, Omni Berkshire Place Hotel, Jun 20, 1998 & Lot 122 Antiquorum Noga Hilton, Geneva, Apr 12, 2003 & Lot 2509 Christie's The Legends of Time Hong Kong 22 May 2021

724’312, case 313’046 YG (Silver guilloché): Lot 2219 Sotheby’s Important Watches, 05 October 2015 • Hong Kong

724'314: example B/3 above

724'315, case 313'049 PG (Silver guilloché): Patek Philippe Museum, Inv. P-212

724'316, case 313'050 PG (Silver guilloché): Lot 140 Antiquorum Important Watches, Wristwatches and Clocks, New York, Omni Berkshire Place Hotel, Jun 20, 1998

724'317: example B/4 above


About the Patek Philippe Calatrava Ref. 570

The Patek Philippe reference 570 is a classic Calatrava-style dress watch, representing a significant period in the brand's production of time-only pieces. It is distinguished by its clean lines and minimalist aesthetic, embodying the traditional design principles that Patek Philippe is known for in its non-complicated watches. The reference 570 was offered in various metals and dial configurations, making each example unique within the broader series of Patek Philippe's round cased watches from the mid-20th century.

This particular example features an 18k white gold case with a diameter of 38mm. It is fitted with a sapphire crystal, protecting a silver dial. The watch is powered by a manual wind movement, reflecting the common practice for high-end dress watches of its era. The water resistance is rated at 30 meters, typical for a watch of this type and period.

The reference 570 appeals to collectors seeking a pure expression of Patek Philippe's watchmaking heritage, particularly those interested in the brand's foundational dress watch designs. Its various iterations, including different case materials and dial finishes, offer a range of options for discerning collectors. The enduring appeal of the 570 lies in its understated elegance and its representation of a specific era of Patek Philippe's design philosophy.

Specifications

Caliber
27 SC
Case
18k white gold
Diameter
38mm
Dial
Silver
Water Resist.
30m
Crystal
Sapphire

Key Points from the Discussion

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The Discussion
QU
quattro
May 28, 2025

but I also like silver and gold waved guilloché.

QU
quattro
May 28, 2025

And I think I like them all too. Even if I’m not completely fond of the double signed dial.

GL
GLau
May 28, 2025

lovely photos and write-up !

QU
quattro
May 28, 2025

Thanks for looking, Gordon. Best, Emmanuel

QU
quattro
May 28, 2025

Thanks for chiming in. Best, Emmanuel

GO
Goh
May 29, 2025

Thanks for collating these, Emmanuel. The hour hands are beautiful and unique. The cloisonne dial still look amazing after all these years. And so nice to see my city-state on these dials.

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