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Lot
58270

Patek Philippe Ref. 1463 Very Fine, Rare & Important 18k Yellow Gold Gentlemen's Chronograph, circa 1949. ...

2013 May 21 Watches & Fine Timepieces Signature Auction - New York #5137

 
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Auction Ended On: May 21, 2013
Item Activity: 2 Internet/mail/phone bidders Number of Bidders
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Location: Heritage Auctions
445 Park Avenue, 15th Floor
New York, NY 10022
Description:
Patek Philippe Ref. 1463 Very Fine, Rare & Important 18k Yellow Gold Gentlemen's Chronograph, circa 1949
Case: No. 657121, 18k yellow gold, two body, inclined and stepped bezel, 35 mm, concave lugs, screwed-down case back, inner dust protection cap, round push buttons
Dial: matte silver, applied gold Breguet numerals, gold feuille hands, outer minute, seconds and 1/5th seconds divisions, outermost tachometer scale, thirty minute register at three, constant seconds at nine
Movement: No. 867776, Cal. 13''', 23 jewels, rhodium finish, fausses cotes decoration, straight line lever escapement, monometallic compensation balance with eight adjustments, self-compensating Breguet balance spring, swan's neck micrometric regulator
Band: 18k yellow gold brick link band with deployant clasp, 7 3/8th inches
Signed: triple signed Patek Philippe Geneve, accompanied by a Extract from the Archives stating the date of manufacture as 1949 and date of sale August 31st, 1950

Note: Production of the reference 1463 began in 1940. The reference was produced in yellow and rose gold and a few examples in stainless steel. The present lot is fitted with gold Breguet numerals. The general belief is that fewer than 100 pieces in all metals were fitted with this type dial and very few, only 13 examples in yellow gold exist with Breguet dials. This important watch is stamped "HOX" on the balance bridge. This American import marking confirms the watch was made solely for sale in the United States, and likely special-ordered for one of Gumbiner's most important clients. In the mid-20th century, American retailers rarely stocked high-value complicated watches. Another rare piece, also retailed by the small Madison Avenue jeweler D. Gumbiner, that sold at auction was a Patek Philippe reference 2499 perpetual calendar chronograph which achieved a sales price of $815,600. It also had the "HOX" marking on the balance bridge. The exceptional reference 1463 in this auction comes from the family of the original owner and is being offered to collectors for the very first time.

Condition Report*:

Type: Patek Philippe Ref. 1463 Very Fine, Rare & Important 18k Yellow Gold Gentlemen's Chronograph
Dial: matte silver, applied yellow gold Breguet numerals
Hands; yellow gold feuille hands
Metal: 18k yellow gold
Case No: 657121
Case Info: two body, inclined and stepped bezel
Case Width: 35 mm
Crystal: glass
Watch Movement: No. 867776, Cal. 13''', 23 jewels, rhodium finish, fausses cotes decoration, straight line lever escapement, monometallic compensation balance with eight adjustments, self-compensating Breguet balance spring, swan's neck micrometric regulator
Band: 18k yellow gold, deployant clasp, 7 3/8th inches
Circa: 1949
Condition: movement is in very good condition, dial is very good, case is good, very slight and light scratch on the case back, some wear to the crown and the gold caps on the button ends are off, bracelet is good

*Heritage Auctions strongly encourages in-person inspection of items by the bidder. Statements by Heritage regarding the condition of objects are for guidance only and should not be relied upon as statements of fact, and do not constitute a representation, warranty, or assumption of liability by Heritage. All lots offered are sold "AS IS".

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