Patek Philippe & Cie. A very fine and rare 18ct gold open face keyless wind pocket watch Chronometro Gondolo, Movement No.163775, Case No.267515, Made for Gondolo & Labouriau, Relojoeiros, Rio de Janeiro in 1910
Lot 840
Patek Philippe & Cie. A very fine and rare 18ct gold open face keyless wind pocket watch Chronometro Gondolo, Movement No.163775, Case No.267515, Made for Gondolo & Labouriau, Relojoeiros, Rio de Janeiro in 1910
Sold for HK$ 93,750 (US$ 12,089) inc. premium
Auction Details
Lot Details
Patek Philippe & Cie. A very fine and rare 18ct gold open face keyless wind pocket watch
Chronometro Gondolo, Movement No.163775, Case No.267515, Made for Gondolo & Labouriau, Relojoeiros, Rio de Janeiro in 1910
Frosted gilt 21''' movement with wolf's tooth winding, straight line moustache lever escapement, patented bridge caliber with gold train, cut bimetallic compensation balance, blued steel Breguet balance spring, Patek Philippe patented micrometer cam regulator, white enamel dial, outer minute track with 5 minute Arabic numerals, Roman numerals, gold spade hands, subsidiary dial for running seconds with blued steel hand, polished 18ct gold hinged case with guilloched back, the cuvette with manufacturer's dedication, together with Extract from the Archives, case, dial and movement signed
55mm.

Footnotes

  • 百達翡麗 18K黃金懷表 約1910年

    Patek Philippe was one of the first watchmaking firms to enjoy business relations with the United States, dating from 1851, when it signed an exclusive agreement with Tiffany & Co. New York. Patek Philippe had a presence in Latin America from the 1870's, but sales in this market really increased towards the end of the nineteenth century, when business relations began with distributors Gondolo & Labouriau, in Rio de Janeiro.

    Carlos Gondolo and his partner, Paulo Labouriau came up with an idea not too dissimilar to Breguet's 'souscription watch' concept. They founded a buyers' club for 180 watch enthusiasts. In the first week, members paid ten dollars a week and then drew lots, with the winner acquiring a Patek Philippe. The celebrated Chronometro Gondolo, a calibre specially created for Gondolo and found in no other Patek Philippe timepiece was the coveted prize. The second week, the remaining 179 members again paid ten dollars, and so on until the last 79th week, when all the remaining members, each of whom had paid 790 dollars, received their own Patek Philippe watch. Besides being a huge success with businessmen, who found this method of buying by lottery amusing, the club enabled the Brazilian distributor to sell 180 Patek Philippe timepieces in less than two years. These types of watch were sold between 1902 and the early 30's.
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