A rare and very highly attractive yellow gold open face minute repeating “straight line” perpetual calendar watch with moonphase

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  • Manufacturer: Patek Philippe
    Year: 1955
    Reference No: 699
    Movement No: 197'907
    Case No: 687'002, caseback engraved M.F.R-A.H.G. Oct 5th 1955
    Material: 18K yellow gold
    Calibre: Manual, cal. 17", 31 jewels
    Dimensions: 48mm. Diameter
    Signed: Case, dial and movement signed
    Accessories: With Patek Philippe Extract from the Archives confirming production of the present movement in 1924 and subsequently encased in 1956, with the caseback engraving and sold on September 7th, 1956.

  • Catalogue Essay

    The present Patek Philippe perpetual calendar minute repeating pocket watch is part of a rare series of timepieces in which the movement was manufactured during the early 20th century and encased 31 years later. As confirmed on the extract, the movement was made in 1924, but it was not encased until 1956 A similar example, reference 699-2, movement number 198’375 sold at Phillips Geneva in November 2016, with the movement produced in 1930, and the watch encased in 1955.

    It is interesting to note the watch has a clean modern appeal. The dial is simple and easy to read with the digital display, and the calendar in American format with the date following the month. The watch has a 1950’s aesthetic suggesting the exuberance of the post war era.

    The watch was serviced by Patek Philippe Geneva in 2012. In lovely condition, the watch has brushed flanks, which remain crisp and clean. The typical left-hand placement of the slide mechanism found on most complicated watches is reversed with the reference 699, and the slide is placed on the right side of the case. Patek Philippe is known for their exquisite repeating mechanisms, and the present watch is sure to excite collectors with its strong resonance and clear tonal quality. Today’s collectors are focused on the best of the best, and this reference 699 is a superb collector's timepiece. Not only is it extremely rare, it is in wonderful original condition, furthermore it is a timepiece that exemplifies the superior quality of a Patek Philippe complicated pocket watch.

  • Maker Bio

    Patek Philippe

    Swiss • 1839

    Since its founding in 1839, this famous Geneva-based firm has been surprising its clientele with superbly crafted timepieces fitted with watchmaking's most prestigious complications. Traditional and conservative designs are found across Patek Philippe's watches made throughout their history — the utmost in understated elegance.

    Well-known for the Graves Supercomplication — a highly complicated pocket watch that was the world’s most complicated watch for 50 years — this family-owned brand has earned a reputation of excellence around the world. Patek's complicated vintage watches hold the highest number of world records for results achieved at auction compared with any other brand. For collectors, key models include the reference 1518, the world's first serially produced perpetual calendar chronograph, and its successor, the reference 2499. Other famous models include perpetual calendars such as the ref. 1526, ref. 3448 and 3450, chronographs such as the reference 130, 530 and 1463, as well as reference 1436 and 1563 split seconds chronographs. Patek is also well-known for their classically styled, time-only "Calatrava" dress watches, and the "Nautilus," an iconic luxury sports watch first introduced in 1976 as the reference 3700 that is still in production today.

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FROM AN IMPORTANT ASIAN COLLECTOR

Ref. 699
A rare and very highly attractive yellow gold open face minute repeating “straight line” perpetual calendar watch with moonphase

百達翡麗,型號699,典雅及十分罕有,18K黃金三問萬年曆懷錶,配琺瑯燒青字錶盤、直線式窗口三曆設計及月相顯示,約1955年製。附後補證書。2012年送回百達翡麗完成原廠保養

1955
48mm. Diameter
Case, dial and movement signed

Estimate
HK$545,000 - 800,000 
€60,000-88,100
$69,900-103,000

sold for HK$850,000

Contact Specialist
Thomas Perazzi
Head of Watches, Asia
+852 2318 2030
thomasperazzi@phillips.com

Ziyong Ho
Specialist
+852 9386 2032
ziyongho@phillips.com

Jill Chen
Specialist
+852 2318 2033
jillchen@phillips.com

The Hong Kong Watch Auction: SIX

Hong Kong Auction 29 May 2018