King Farouk’s gold watch expected to sell for $400K-$800K

King Farouk of Egypt’s personalized Patek Philippe Reference 1518 to be auctioned March 23, 2018, at Christie’s Dubai. Pre-sale estimate: $400,000-$800,000. Image courtesy Christie’s Images Ltd. 2018

DUBAI – Christie’s will offer King Farouk of Egypt’s personalized Patek Philippe Reference 1518 in its upcoming Dubai watch auction on March 23. It carries a pre-sale estimate of $400,000-800,000. Around 180 watches will be on public view from March 19 through 23, the day of the auction.

The original owner, King Farouk of Egypt (1920-1965), was the great-great-grandson of Muhammed Ali, and the tenth ruler from the Muhammad Ali Dynasty. The penultimate King of Egypt and the Sudan, Farouk held this position for 16 years and was a renowned collector of fine watches.

Inheriting his love of watches from his father, King Farouk commissioned many pieces from the greatest watchmakers, and the Patek Philippe Reference 1518 bears witness to his refined taste. This model was launched in 1941, and it is estimated that only 281 pieces were created. The Patek Philippe reference 1518 is celebrated as the first perpetual calendar chronograph wristwatch produced in a series by any watch company.

King Farouk of Egypt’s personalized Patek Philippe Reference 1518 to be auctioned March 23, 2018, at Christie’s Dubai. Pre-sale estimate: $400,000-$800,000. Image courtesy Christie’s Images Ltd. 2018

Personalizing the piece as part of King Farouk’s collection, this watch has an engraving on the case back of the Royal Crown of Egypt, with its star and half-moon (also found on the Egyptian flag), and the letter “F.” Farouk’s father believed that the letter F was lucky for his family and began the names of his six children with this letter.

Sold alongside King Farouk’s watch are the Patek Philippe Extract from the Archives confirming production of the present watch with gold indexes in 1944 and its subsequent sale on November 7, 1945.

Visit Christie’s online at www.christies.com .

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