Hello Reza,
Thank you for sending in this wristwatch to mearto.com for an appraisal. I shall try to help you with that today.
TITLE:
Made in 1971. Ladies, elegant, horizontal oval, 18K white gold, diamond and sapphire lady's wristwatch with concealed dial and an integral textured 18K white gold Patek Philippe bracelet, Golden Ellipse with precious gemstones, ref. 4105/4, case/movement no. 2689472, made by Patek Philippe, Genève, Switzerland, circa 1970/1971.Accompanied by the original leather ovoid jewelry case from Patek Philippe.
DESCRIPTION:
CASE: 21 mm x 25 mm horizontal oval, three-leaf, solid, polished and brushed, bezel set with 24 round white diamonds, with concealed catch to release the spring loaded cover set with 37 round blue sapphires and fully integrated with an 18K white gold bracelet with a jewelry clasp marked for 18k gold. The flip up back cover is marked with the 18k gold Swiss hallmark of Helvetia. Sapphire crystal. . .
GEMSTONES: Diamond Primary Stone Shape: Round Brilliant Cut Primary Stone Count: 24 Primary Stone Dimensions: 1.90 mm - 3.20 mm - approximate, average Total Primary Stone Carat Weight: 1.67 ctw Primary Stone Color Grade: G - H Primary Stone Clarity Grade: VVS2 - VS1 Secondary Stone Location: Case Secondary Stone Type: Sapphire Secondary Stone Details: Heat Secondary Stone Shape: Round Faceted Secondary Stone Count: 37 Secondary Stone Dimensions: 1.50 mm - 2.80 mm – approximate size. . .
DIAL: Textured white gold dial with applied white gold and black baton hour indices. Gilt pointy baton hands with the upper dial marked, ‘Patek Philippe, Geneve’ and the base, “Swiss”. . .
MOVEMENT: Not shown but assumed to be the Patek Philippe Calibre 16, a rhodium plated, damascene decorated, 20 jewel, straight-line lever escapement, Gyromax balance adjusted to heat, cold, isochronism and 5 positions, shock absorber, self-compensating flat balance spring. Dial, case and movement triple signed.
CONDITION:
CASE –Some superficial scuffing along the dial bezel, unless I am viewing the scuffs on the overlying crystal. Overall in very good to excellent condition including the white gold bracelet. Fully and properly hallmarked.
DIAL – Minimal signs of wear on the dial surface with wear to the word Swiss, and wear to the gilt hands. Overall very good.
MOVEMENT – Not seen but will make the assumption that the movement is original to this case, genuine and functional.
An extraordinary example of luxury and elegance by the finest of watchmaking firms.
PRICING:
Similar ref. 4105 watches were sold before the rise of the price of gold circa 2012, selling at the time for 10K-15K. In 2013 a similar example in yellow gold was estimated @8K-10K failed to sell.
Retail today:
~https://www.chrono24.com/patekphilippe/lady-ellipse-45211-diamond-18k-yellow-gold--id6515577.htm (offered today for retail price of $12000, with multitude of diamonds, but not as fine aesthetically as the watch you are looking at.)
~https://www.chrono24.com/patekphilippe/golden-ellipse-48311-18k-yellow-gold--id11219644.htm (another retail example of a ladies ellipse with diamonds but quartz movement offered at $17800)
Auction value:
~**https://www.liveauctioneers.com/item/73216822_patek-philippe-an-elegant-and-precious-lady-s-patek (A circa 1970 golden ellipse with emeralds and white gold sold in 2019 for 6500 Euros at auction. That was about $7500. Not as costly or fine as your example.)
Looking at these and other simpler but very fine golden ellipse watches, given the current unstable market and the very fine condition of this example of great aesthetic beauty, it is my feeling that this extraordinary example will NOT skyrocket in price, but hopefully should be purchasable in the range of $10000-$12500, i.e. a fair market value. I believe the retail value today of this watch would exceed $15000, perhaps reaching 20K. Good luck in your pursuit of this rare and beautiful ladies wristwatch. It was my pleasure to appraise it for you. Thank you for using mearto.com
My Best,
David