Audemars PiguetRoyal Oak

sold
BrandAudemars Piguet
ModelRoyal Oak
Reference25654BA
Case18K yellow gold
Dialpocelain-white
Handsoriginal
Year1994
Movementautomatic
Diameter39
Crystalsaphire
Bracelet18K yellow gold
Bucklefolding clasp
Bezel18K yellow gold
Boxoriginal
Papersoriginal guarantee certificate, invoice from first purchase
Conditionexcellent original condition
PriceOn request
Additional InformationsThe Audemars Piguet Reference 25654BA offered here belongs to the early generation of the Royal Oak Perpetual Calendar and was produced from the late 1980s into the 1990s. This model is characterized by its full construction in 18-carat yellow gold and the classic Royal Oak design language with octagonal bezel and integrated bracelet. Reference 25654 succeeded the very first Royal Oak perpetual calendar and remained a cornerstone of Audemars Piguet’s 39 mm complicated Royal Oak collection for nearly a decade. Total production across all metals is estimated at around 800 pieces, with approximately 430 examples manufactured in yellow gold, making this version historically significant within the line.

The porcelain-white dial is a particularly uncommon variant for this reference, which is more frequently encountered with champagne-colored dials. It presents the perpetual calendar indications with well-balanced subdials and a moon-phase display, resulting in clear legibility and a restrained appearance. The watch is powered by the automatic Caliber 2120/2800, one of the thinnest and most technically sophisticated perpetual calendar movements of its time, widely regarded for its refinement and reliability and used in several of Audemars Piguet’s most important complicated Royal Oak models.

The watch is in excellent overall condition. The bracelet retains its structure and fits wrists of up to approximately 17,5 cm. Only light signs of wear consistent with age are present. The set is exceptionally complete and includes the original box with outer packaging, original papers, the original purchase invoice, an Audemars Piguet service card, and the original calendar corrector tool made of 18-carat gold. This level of completeness and documentation adds to the clarity of provenance and overall integrity of the piece.

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