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Audemars Piguet - Royal Oak

Audemars Piguet Royal Oak 25654ST.OO.0944ST.01 Perpetual Calendar Stainless Steel Silver Dial Limited Edition of 272

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Description

The Audemars Piguet Royal Oak Perpetual Calendar 25654ST.OO.0944ST.01 houses a delicate perpetual calendar complication within a steel case, and proved mind-boggling in 1984 when few manufacturers still produced perpetual calendars, Royal Oak Perpetual Calendar representing first luxury sports watch featuring complication. The 39mm diameter matches original 1972 Royal Oak “Jumbo” reference 5402’s sizing, Audemars Piguet carefully retaining iconic proportions while integrating full perpetual calendar display maintaining watch’s signature svelte profile contrasting muscular presence with aquiline thinness. First-generation reference 5554 featured smooth dials without tapisserie guilloché, reference 25654 continued primarily with smooth dials though some tapisserie examples exist. Two dial generations identifiable (Series C and D) recognizable through Audemars Piguet typography evolution in early 1990s, silver dial variant representing classic configuration. This non-leap-year indicator model (production ceased 1993 though sales continued until 1998) eventually succeeded by reference 25820 introducing leap-year cycle display through modified Caliber 2120/2802.

The 39mm case measures 8.25mm thick (9.3mm including crystal), crafted entirely in brushed stainless steel with case sculpted from massive steel chunk featuring angular beveled edges and alternating brushed/polished surfaces requiring meticulous hand-finishing. The octagonal bezel secured by eight exposed hexagonal screws (crafted in contrasting white gold on this example) represents Royal Oak’s most iconic design element, screws serving structural role passing completely through two-part case holding assembly together impermeable to water intrusion. The bezel’s polished finish contrasts dramatically against brushed case and bracelet surfaces while case side bevels add architectural complexity to profile. Sapphire crystal protects dial while solid caseback maintains structural integrity and improved water resistance versus predecessor. The silver dial without tapisserie guilloché represents early-generation aesthetic preferred by collectors, smooth surface allowing unobstructed appreciation of perpetual calendar complications’ layout. Four subdials present traditional perpetual calendar indications: day at 9 o’clock, astronomical moonphase with graduation for moon age at 6 o’clock, month at 12 o’clock, and date at 3 o’clock, each subsidiary dial featuring blued hands matching blued moonphase wheel adding subtle color accent against silver background. Applied baton hour markers and matching baton hands maintain Royal Oak’s characteristic clean aesthetic while ensuring legibility, lack of leap-year indicator distinguishing this early non-leap-year variant from later 1995-2014 production introducing leap-year display. Dial signature typography identifies Series C or D generation depending on production period. Perpetual calendar adjustment accomplished through pushers located along case sides: two on left side, one on right side, allowing independent setting of day, date, and month complications. The self-winding Caliber 2120/2800 represents legendary ultra-thin movement initially developed by Jaeger-LeCoultre as Caliber 920 in 1967 (funded and contributed by Audemars Piguet), measuring just 3.95mm thickness making it world’s thinnest perpetual calendar movement until 2019’s introduction of modern ultra-thin calibers. The movement comprises 292 individual components with 38 jewels, Gyromax balance adjusted to heat, cold, isochronism and five positions ensuring chronometric precision. Full-diameter rotor runs on beryllium rail for stability, four ruby wheels supporting rotor’s operation, 21k gold segment increasing rotor mass improving automatic winding efficiency. The base 2120 remains world’s thinnest full-rotor self-winding movement considered by many as one of most technically refined wristwatch movements ever produced, its adoption by Audemars Piguet, Patek Philippe (Nautilus), and Vacheron Constantin (222) demonstrating universal respect for design. Perpetual calendar module 2800 added atop base 2120 creating complete Caliber 2120/2800 designation. Integrated stainless steel bracelet features Royal Oak’s signature two rows of inner links expertly finished with alternating brushed surfaces and high-polished beveled edges, bracelet’s mechanical integration flowing seamlessly from lugs representing Gerald Genta’s original 1972 vision. AP logo-shaped single folding clasp with trigger release provides secure closure while maintaining clean aesthetic.

*This timepiece is a limited edition of 272 pieces, and comes with Archive Papers.

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Details

Reference Number
25654ST.OO.0944ST.01
Model Family
Royal Oak
Movement
Automatic
Case Material
Stainless Steel
Bracelet Material
Stainless Steel
Dial
Silver
Case Dimension
39mm
Year
1994
Condition
Pre-Owned (Very Good)
Box & Papers
No Original Box, No Original Papers
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Audemars Piguet Royal Oak 25654ST.OO.0944ST.01 Perpetual Calendar Stainless Steel Silver Dial Limited Edition of 272

$140,000Bank transfer price Crypto: -2% | Card: +3%

    Audemars Piguet Royal Oak 25654ST.OO.0944ST.01 Perpetual Calendar Stainless Steel Silver Dial Limited Edition of 272

    $140,000Bank transfer price Crypto: -2% | Card: +3%

    A fully insured, private presentation at your location. Requires a viewing deposit starting at $3,000. If you purchase during the session, 80% of the deposit is credited toward the final price. Learn more.

    Condition Guide

    New

    The item is brand new with no signs of wear and no previous owner. The warranty period begins on the date of purchase.

    Like New & Unworn

    The item is unworn and shows no signs of use. Old stock pieces may exhibit minor shelf wear on the box, and some stickers may be absent. The item has not been polished.

    Pre-Owned — Very Good

    The item shows minimal traces of wear, limited to light, barely perceptible surface marks. Chamfers and edges remain crisp and intact. The bracelet or strap may show slight stretching. All markings and engravings are clearly legible. The item may have undergone professional polishing that preserves the original contours and edges.

    Pre-Owned — Good

    The item presents visible signs of wear, including scratches, scuffs, or minor dents. The bracelet or strap may be noticeably stretched. Markings and engravings may show wear but remain legible. The item may have been professionally polished.