WHY WE LOVE IT Patek Philippe has long been known for its complicated watchmaking, but following the stock market crash of 1929, fewer clients had the means to purchase these high-end timepieces. After securing a controlling interest in the firm, Jean and Charles Henri Stern decided to enlist the help of an English designer named David Penney to create a simple watch that would come in at a lower price point and appeal to the firm’s clientele.  Using the principles espoused by the Bauhaus school and its minimalist, function-first philosophy, Penney conceived the Calatrava, taking its name from the Spanish military order established in the 12th century which had become the symbol of Patek Philippe. Since its debut in 1932, the Calatrava has become a byword for a simple, time-only dress watch — even from brands other than Patek itself. This particular Calatrava, a Reference 2532J, dates to circa the 1950s and features a 35mm 18K yellow gold case with an acrylic crystal, an yellow gold crown and a gorgeous, evenly-patinated white enamel dial with applied dart indices and a matching dauphine handset, and Patek's Calibre 12-120 hand-winding movement within. This lovely piece remains in fantastic overall condition, and combined with that stunning dial, represents everything we love about Patek from this era. It even comes with its Certificate of Origin. Sure, you could get yourself a modern dress watch that tells the time just fine — and that probably ends up in a drawer after a while.  But a real Calatrava from the world’s greatest watchmaker is forever. OVERALL CONDITION The case is in very good condition overall showing sleev polish and normal signs of wear from age and use. Gloss white enamel dial with applied 'dart' indices shows light, even spidering and rich custard patina throughout with matching 'dauphine' handset. Unsigned crown.