Introduction
Released in 1972 and designed by Gerald Genta, watchmaking's most famous designer, the Audemars Piguet Royal Oak was the first stainless steel luxury sports watch ever to exist. Released as a tactic to survive the quartz crisis, the Royal Oak can single-handedly be thanked for AP's existence today due to its astounding success, albeit it wasn't an overnight hit. Its sizeable tonneau-shaped case, signature integrated bracelet, octagonal bezel, exposed screws, and steel construction failed to win over collectors until a few years later. Today, the Royal Oak is one of the most highly-coveted timepieces in all horology as its previously dismissed design details have permeated across the industry and into watches like the Patek Philippe Nautilus, Vacheron Constantin Overseas, Rolex Oysterquartz, amongst many other legendary timepieces.
Launched in 2000 and then reissued in 2012, the ref. 15202ST that we have here hit the nail on the head with regards to offering the Royal Oak’s iconic design in a modern package. Boasting the Royal Oak’s original 39mm dimensions and powered by the same automatic AP cal. 2121 movement that was in the ref. 5402ST, the ref. 15202ST replicated the original Royal Oak ref. 5402ST in just about every meaningful way, except with modern craftsmanship, quality, and attention to detail. Boasting the Royal Oak’s iconic Petite Tapisserie dial and signature integrated bracelet, the ref. 15202ST acts as the ref. 5402ST's modern counterpart. While this might seem like a non-issue, it is a testament to just how iconic the Royal Oak is that AP would decide to basically reissue it with a modern reference that was almost entirely authentic to the original. Since discontinued for the ref. 16202ST that makes several modernizing changes, the ref. 15202ST is the closest you can get to the original Royal Oak while enjoying modern creature comforts.
Loupe This Scorecard
Grade
M 9
Status
Vetted & Approved
Included
Box and Papers, Service Receipt from 2023, Hang Tag
Est. value range
$40,000 – $60,000
The Details
Brand
Audemars Piguet
Dimensions
39mm
Model
Royal Oak Jumbo Extra Thin
Movement
Automatic AP cal. 2121
Reference
15202
Bracelet
Steel
Year
2014
Condition
Near-Mint
Material
Stainless Steel
Included
Box and Papers, Service Receipt from 2023, Hang Tag
Dial Color
Blue

THE DIAL
Boasting the Royal Oak's signature blue-black dial with its 'Petite Tapisserie' dial, this example features the Royal Oak's typical design language, along with the AP logo at 6 o'clock- a nod to the original 5402.

THE CONSTRUCTION
Measuring 39mm in diameter and boasting the Royal Oak's iconic octagonal bezel and integrated bracelet, the ref. 15202ST immediately harkens back to the original Royal Oak's design.

TIMING MACHINE READOUT
This reading was taken (crown down) with a ONEOF Accuracy Boutique Edition timing machine at time of cataloging. It is provided as a courtesy only, and shall not be construed as a warranty or guarantee of any kind. Please refer to our terms and conditions of sale for more information.
Condition
Watch is in near-mint overall condition. Watch was serviced and polished by AP in 2023, and exhibits only minor signs of wear. Case edges are sharp, with some light signs of wear on bracelet. Original tapisserie dial like new, with no visible signs of wear or aging. Bracelet is currently sized to fit an approximately 6 3/4" wrist with 3 removable links. There are 4 additional links that come with the watch. Watch is accompanied by original box, papers, hang tags and service paperwork from 2023.
Our Perspective
My personal FAVORITE Royal Oak, the discontinued 15202ST has been part of my collection for over 10 years and may be the watch I wear the most.

























