lot 210

Audemars Piguet

Royal Oak Dual Time

This watch was featured at the "Timed Pieces" auction

Starting bid CHF 10 000
Hammer price CHF 14 000
Buy now price CHF 20 000
Total bids 9


CaseOctagonal stainless steel case with a gold bezel, screw-down crown & solid stainless steel caseback
BraceletIntegrated stainless steel bracelet with gold mid-links
DialDark grey Tapisserie dial, with applied golden indices, date indication at 2 o'clock, second timezone at 6 o'clock, power reserve at 10 o'clock
MovementRhodium-plated automatic movement, with Geneva stripes, date function, second timezone & power reserve
Movement No.342026
Case No.D21746 No 016

Condition report

Case:Good, signs of wear
Bracelet:Good, signs of wear
Dial:Very good, discolorations on the dial
Movement:All functions working properly
Amplitude (Dial on top/Lift angle 52):Approx 300°
Accuracy (Dial on top):Approx +10 sec/day


A very fine, rare and early dual-time bi-colour wristwatch of the famous Swiss watch brand Audemars Piguet, founded in 1875. Estimated production period: 1990–1993. Case in 18k yellow gold and stainless steel, diameter 36mm, thickness 10mm, slate-grey coloured dial with ‘tapisserie’ pattern, solid stainless steel caseback with engraved “Royal Oak” inscription, case number and model serial number. Self-winding caliber 2229/2845 with an inertial segment in 21k yellow gold, thin, with a power reserve of up to 38 hours. Functions – indication of time in hours and minutes, second time zone (GMT) with hour and minute hands at 6 o’clock, date indicator at 2 o’clock, and power reserve indicator at 9 o’clock. Royal Oak stainless steel and 18k yellow gold bracelet, Audemars Piguet stainless steel ‘ladder’ double folding clasp. 

Lot essay 

The story goes that in 1989–1990, Audemars Piguet created their first Dual Time wristwatch – Ref. 25685 – with a classical round design in 18k yellow gold, displaying the time in a second time zone and driven by the self-winding caliber 2229/2845, which had been developed by the brand based on an ebauche caliber 928 supplied by Jaeger-LeCoultre, long-term partner and supplier of Audemars Piguet. Reference 25730 was the first Royal Oak Dual Time model embedded with this caliber and the additional functions of a second time zone indication, power reserve and date on the sub-dials. During its production span, Ref. 25730 was available in different variations and was mostly produced in stainless steel. Some examples, however, were produced in stainless steel and yellow gold (Ref. 25730SA, the present reference), in stainless steel and tantalum (Ref. 25730TT), in platinum (Ref. 25730PT), and in 18k yellow gold (Ref. 25730BA). Several dial colour options were also offered – for the reference 25730SA there were slate grey (as the present example) or silvered white dials (Ref. 25730SA.OO.0789SA.02), while the dial design also changed during this period – according to our knowledge, there were four generations of Ref. 25730 dials (Mk1–Mk4). 

The present lot features the earliest Mk1 type of dial in white with the so-called ‘small logo’. It has characteristic small letters, an early brand logo, the feature Audemars Piguet used until 1993.

The present lot features the earliest Mk1 type of dial in white with the so-called ‘small logo’. It has characteristic small letters, an early brand logo, the feature Audemars Piguet used until 1993. Another feature of the early Ref. 25730 is a classical type of ‘tapisserie’ relief pattern, derived from the original Royal Oak ‘Jumbo’ Ref. 5402 design, as well as a stainless-steel ‘pre-AP’ Audemars Piguet double folding clasp, so-called ‘ladder’ clasp, and unsigned crown. It appears that the change from the signature-free crown option to a crown signed with an engraved “AP” occurred at the end of the 1990s. We would also like to point out the thin hour indexes of the chapter ring of the original Royal Oak style, which is an attribute of the present watch – later, in Mk4 dials, they were replaced by wider and shorter markers. 

This watch certainly belongs to the earliest period of Ref. 25730SA, as evidenced by its features and both the early model serial number (No 01x) and D-21xxx marking of the case from the series. 

Reasons to bid 

The Audemars Piguet Royal Oak Dual Time Ref. 25730SA.OO.0789SA.01 Mk1 is important and remarkable as the first dual time design in the Royal Oak collection. The present example appears to be an excellent purchase for the collector who desires a very fine, rare and early dual-time wristwatch in a not-often-seen bi-colour execution from a world-renowned traditional watch brand, one of the undisputed leaders in the haute horlogerie watch market. Several notable features, typical for the reference’s early production period, make this lot even more attractive.