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Lot
61347

Patek Philippe Men's Ref. 2526 for Tiffany with Rare Masonic Dial, circa 1955. ...

2009 December Signature Timepieces Auction #5028

 
Sold for: Not Sold
Auction Ended On: Dec 8, 2009
Item Activity: 0 Internet/mail/phone bidders
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Location:

Heritage Auctions - Design District Annex
1518 Slocum Street
Dallas, TX

Description:
Patek Philippe Men's Ref. 2526 for Tiffany with Rare Masonic Dial, circa 1955
Case: two body, 18k yellow gold, 35 mm, screw back, inscribed back with date November 1956, # 682140
Dial: applied gold indexes, subsidiary seconds, black minute marks, gold Dauphine hands, gold motto "Do unto others as you would have them do unto you" around center, signed Tiffany & Co. in black lettering
Movement: no. 760644, caliber 12-600 AT, thirty jewel automatic, 18k gold engine turned rotor, adjusted heat, cold, isochronism and five positions, lever escapement, shock absorber, swans neck regulator, Geneve quality hallmark on the top plate
Band: latter alligator calf with gold plated buckle
Signed: case and movement signed Patek Philippe, dial signed Tiffany & Co.
Note: presented with an "Extract from the Archives"

The inscription on this watch shows that it was presented to Rhea Foust in 1956, and paper work from family members say the presenter was Westly West an entrepreneur who was trying to get permission to drill off shore oil wells in Orange County, CA. Foust owned the Balboa pavilion and gambling boats off the California coast. A similar Patek Philippe 2526 retailed by Tiffany with the "golden rule" motto dial is currently on display as part of the NAWCC Museum's Presidential Timepieces exhibit. The watch belonged to former president Lyndon Baines Johnson and is on loan from the LBJ Library and Museum in Austin Texas.

Condition Report*:

Type: Patek Philippe Ref. 2526 made for Tiffany with rare Masonic dial
Model: 2526
Dial: applied yellow gold indexes, masonic motto in gold
Hands; gold Dauphine
Metal: 18k yellow gold
Case No: 682140
Case Info: two body, screw back, with inscription
Case Length: 44 mm
Case Width: 35 mm
Crystal: acrylic
Watch Movement: no. 760644, cal. 12-600 AT, thirty jewels, automatic, 18k gold rotor, adjusted heat, cold isochronism and 5 positions, lever escapement, Geneve quality halllmark, swans neck regulator, shock absorber
Band: alligator calf with gold plated buckle
Circa: 1955
Condition: movement good, running, dial very good, case good, some wear to engraving on the back
Notes: It is interesting to note that a Patek Philippe 2526 for Tiffany with the same "golden rule" motto dial belonging to Lyndon Baines Johnson is currently on exhibit as part of the NAWCC museum's presidential timepieces display. This watch is on loan from the LBJ Library and Museum in Austin TX. The inscription on the watch presented in this sale shows that the watch was given in 1956 to a Rhea Foust. Foust owned the Balboa pavillon and gambling boats off the coast of California.

*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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