Imagine owning an ultra-rare Patek Philippe timepiece,one of only four in existence. Now, that very watch has shattered records, selling for over USD 20 million (approximately SGD 26,766,000), making it one of the most expensive Patek Philippe pieces ever auctioned.
This is the Patek Philippe 1518 in stainless steel. Introduced in 1941, it was a groundbreaking innovation as the world’s first wristwatch to combine a chronograph and a perpetual calendar in a single case. However, out of the 281 pieces produced, most were crafted in yellow or rose gold. Only four were ever made in stainless steel, cementing its status as one of the most exclusive Patek Philippe watches in history.
In the 1940s, stainless steel was primarily used for sports or military watches, not haute horlogerie. Patek Philippe, renowned for its mastery in precious metals, made an extraordinary decision in crafting the 1518 in steel. Yet, despite its unconventional material, the watch retains Patek Philippe’s signature elegance: a clean silver dial, perfectly balanced subdials, and a moonphase complication that enhances its timeless appeal.
Back in 2016, a Patek Philippe 1518 in stainless steel set an auction record at the Phillips Geneva Watch Auction, selling for USD 11.1 million (approximately SGD 14,855,130). That figure has only soared higher, and by 2025, the Patek Philippe 1518 Steel has crossed the USD 20 million (SGD 26 billion) mark—further solidifying its place as one of the most coveted timepieces in the world. For collectors, owning a Patek Philippe 1518 Steel is more than just an acquisition, it’s owning an irreplaceable piece of horological history.
The Patek Philippe 1518 in stainless steel is not just a rare timepiece; it is an unrivaled symbol of technical brilliance and heritage. Its exclusivity makes it one of the most sought-after grail watches, while its design remains timeless and inspiring.
What about you? Would you choose a timepiece crafted from rare stainless steel, or do you prefer the timeless allure of classic precious metals?
