PROPERTY FROM DESCENDENTS OF THE ORIGINAL OWNER
12’’’ movements were usually especially made for this reference or used from pendant watches, re-cased or never cased before. It is notable that at the time small calibres such as the present one were highly expensive to realize and could cost up to almost twice the price of a 17’’’ calibre. Three part cases were made by the best case maker of the time: Emile Vichet (Geneva key 9) and dials were made by the well renowned Stern Frères, usually silvered opalin on gold. The movement of this watch is stamped HOX to the balance bridge indicating that it was imported into the USA by the Henry Stern Watch Agency in New York.
Examples of Patek Philippe watches with black-painted gold markers on gold dial can be found during the same era, however after a closer look it is our opinion that the markers on this watch were originally painted by the Stern Freres manufactory to provide a more visible dial, he also requested to enlarge the slide to simplify the activation of the minute-repeating function.
According to the best of our knowledge this is the first example of a Ref.2524 known to the market with a dial bearing “Tiffany & Co”. The combination of rarity, pristine overall condition and provenance render the present lot one of truly rare finds for most sophisticated collectors of exceptional highly complicated vintage wristwatches.
Minute repeater watches are illustrated in “Patek Philippe Wristwatches” by M. Huber et A. Banbery 1998, pp. 317-379 and minute repeating calibers by Patek Philippe are illustrated in the same book pp. 314-32.
In an effort to identify watches made for the American market during the 1940s and 1950s, the marks PXP and HOX were stamped on Patek Philippe movements. The marks identify the country in which the watches were to be sold and the information was shared with the customs officials in the country of ultimate delivery. Many Swiss watch brands had their own import mark: Vacheron Constantin used VXN, Audemars Piguet used AYP and Rolex used ROW.
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