• Important Watches  auction at Christies

    Sale 2212

    Important Watches

    15 December 2009, New York, Rockefeller Plaza

  • Lot 173

    PATEK PHILIPPE. A VERY FINE AND HISTORICALLY IMPORTANT 18K PINK GOLD OPENFACE MINUTE REPEATING PERPETUAL CALENDAR WATCH WITH MOON PHASES

    SIGNED PATEK PHILIPPE & CIE., GENEVE, MOVEMENT NO. 97633, CASE NO. 218643, MANUFACTURED IN 1895

    Price Realised  

    Estimate

    PATEK PHILIPPE. A VERY FINE AND HISTORICALLY IMPORTANT 18K PINK GOLD OPENFACE MINUTE REPEATING PERPETUAL CALENDAR WATCH WITH MOON PHASES
    SIGNED PATEK PHILIPPE & CIE., GENEVE, MOVEMENT NO. 97633, CASE NO. 218643, MANUFACTURED IN 1895
    Cal. 19 nickel-finished fully jewelled lever movement, bi-metallic compensation balance, wolf's tooth winding, minute repeating on two polished steel hammers onto two gongs activated by a slide in the band, engraved gold cuvette reading Alfred G. Stein, white enamel dial, Roman numerals, blued steel spade hands, four subsidiary dials indicating phases of the moon combined with lunar calendar, day, month and date combined with constant seconds, heavy circular case, coin-edged bezel and case rim, case, cuvette, dial and movement signed and numbered,
    54mm diam.


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    Accompanied by Patek Philippe Extract from the Archives confirming production of the present watch in 1895 and its subsequent sale on 19 June 1911. Furthermore delivered with a 14K gold pocket knife engraved with the signature Alfred G. Stein, a gold chain and commemorative medal to celebrate the formation of L'Ancienne Manufacture d'Horlogerie PATEK PHILIPPE & Cie. S.A.

    At the beginning of the 20th century, Patek Philippe undertook an important legal transformation by creating on February 1, 1901 "L'Ancienne Manufacture d'Horlogerie PATEK PHILIPPE & Cie. S.A." with a capital of 1,6 million Swiss Francs, thus choosing the status of a joint stock company. The board of directors was composed of five of the seven shareholders, A. Bnassy-Philippe, chairman, Jean Perrier, Franois Antoine Conty, Joseph Emile Philippe and Alfred G. Stein.

    The latter, an American citizen, was the head of the company's New York branch and in charge of the distribution of Patek Philippe watches in the United States. He kept his positions throughout the takeover of company by Charles and Jean Stern in 1932 and until his death in 1934. The medal accompanying the watch was coined to commemorate the newly created company in 1901 and depicts the portraits of Adrien Philippe and Antoine Norbet de Patek and the names of the five members of the board.

    It is signed by Georges Hantz, director of the Decorative Arts Museum in Geneva at the beginning of the 20th century and renowned for his chased and engraved watch cases and moulds for embossing cases and stamping coins or medals.

    Provenance

    The Late Alfred A. Stein
    Delivered with a photocopy of a hand-written statement from Josephine A. and Kathryn W. Stein dated January 1989, confirming that the watch belonged to their father Alfred G. Stein.