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  • Manufacturer: Patek Philippe
    Year: 1930
    Reference No: 699/2
    Movement No: 198'374, stamped HOX
    Case No: 699'653, further stamped 653 under the bezel
    Material: 18K yellow gold
    Calibre: Manual, cal. 17”, 29 jewels
    Dimensions: 50mm. Diameter
    Signed: Case, dial and movement signed
    Accessories: With a letter from Patek Philippe Genève dated December 18th, 1985 confirming the present watch was manufactured in 1930, and sold to the Henri Stern Watch Agency on July 1959, along with a Patek Philippe presentation box. Further delivered with an Extract from the Archives confirming production of the present watch movement in 1930, completed in 1955, and encased in 1958, and its subsequent sale on July 10th, 1959.

  • Catalogue Essay

    The present watch is a lovely example of the reference 699-2, which is a mid-century modern pocket watch with the day, date and month featured in the “straight line” window fashion, and the moonphase at the 6 o’clock. This watch has an unusual production history, which is similar to other examples from the series, while the movement was manufactured in 1930, it was not encased until 1958, then sold, as confirmed by the Patek Philippe dated December 18th, 1959 to the Henri Stern Agency. This detail is confirmed by the HOX export mark found on the movement, indicating the watch was destined for the American market. One of five known examples, this watch is in lovely original condition, and finds its way back to international market after being a gem in an important private collection since 2005. The Wenger case is clean, modern and as sharp today, as it was when encased more than 60 years ago. This series of pocket watches, of which there are approximately 30 to 40 known examples is a wonderful representation of the 20th century and the perfect fit for any passionate collector.

  • 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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971

Ref. 699/2
A very rare and highly attractive yellow gold minute repeating “straight line” perpetual calendar open face pocket watch with moonphase and presentation box, sold to the Henri Stern Agency in 1959

1930
50mm. Diameter
Case, dial and movement signed

Estimate
HK$480,000 - 720,000 
€53,000-79,500
$61,500-92,300

Sold for HK$800,000

Contact Specialist
Thomas Perazzi
Head of Watches, Asia
+852 2318 2030
[email protected]

Ziyong Ho
Specialist
+852 9386 2032
[email protected]

Jill Chen
Specialist
+852 2318 2033
[email protected]

The Hong Kong Watch Auction: SEVEN

Hong Kong Auction 27 November 2018