Patek Philippe - The Hong Kong Watch Auction: SEVEN Hong Kong Monday, November 26, 2018 | Phillips

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  • Manufacturer: Patek Philippe
    Year: 1907
    Movement No: 148'363
    Case No: 251’179, Monogrammed “BE”
    Model Name: Chronometro Gondolo
    Material: 18k yellow gold
    Calibre: Manual, cal. 22”
    Dimensions: 56mm diameter
    Signed: Case, cuvette, dial and movement signed by maker, cuvette signed by retailer, dial signed Benito Echenique Pelotas
    Accessories: With original Patek Philippe Certificate of Origin, numbered Patek Philippe leather presentation box, and additional later retailer sale invoice dated 13 November, 1968. Further delivered with Extract from the Archives confirming production of the present watch with guilloché case back and monogram reading “BE” in 1907 and its subsequent sale on March 17th, 1908

  • Catalogue Essay

    The story of the Chronometro Gondolo is legendary within the horological world with the Rio de Janeiro retailer Gondolo & Labouriau representing Patek Philippe from 1872 until 1927. Their collaboration was a great success and Patek Philippe had a great amount of interest in their timepieces by Brazilian clients. With this close connection, Gondolo & Labouriau created a buyer’s club with lottery system where the retailer sold the Gondolo to members for a reasonable price, and with a Brazilian ban on gambling, members had gaming fun as well. Club members agreed to purchase a watch, and pay 10 Franc each week for 79 weeks until the watch had been paid. With a weekly drawing, the first week’s member received his watch for no cost, while the next week’s winner made only one payment. Over the following weeks the lotto continued and ensured each member received a watch, and in most cases paying a better price.

    The present example is in excellent original condition and is complete with original numbered Patek Philippe presentation box and Certificate of Origin. The watch remains unpolished with a crisp hallmark to the bow, and the guilloché case back is relatively crisp with rubbing around the edges. The monograms read “BE” and is further reflected on the dial, where the signature reads “Benito Echenique Pelotas”. The dial often reflects the buyer’s name and monogram to the case back. The case cuvette is engraved with the traditional wording “Chronometro Gondolo, No. 148363, Patek Philippe & Cie, Genève, Fabricado expressamente para Gondolo Labouriau Relojoeiros Rio de Janeiro”.

  • Artist Biography

    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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A fine and attractive yellow gold open face pocket watch with original certificate of origin and presentation box, retailed by Gondolo & Labouriau, Relojoerios Rio de Janiero

56mm diameter
Case, cuvette, dial and movement signed by maker, cuvette signed by retailer, dial signed Benito Echenique Pelotas

HK$40,000 - 63,000 

Sold for HK$75,000

Contact Specialist

Thomas Perazzi
Head of Watches, Asia
+852 2318 2001

Ziyong Ho
+852 9386 2032

Jill Chen
+852 2318 2033

The Hong Kong Watch Auction: SEVEN

Hong Kong Auction 27 November 2018