Patek Philippe

• cal. 10''' manual winding nickel-finished movement, 18 jewels, wolf's tooth winding • black dial, applied Arabic and baton indexes, engine-turned subsidiary seconds • 18k pink gold case, snap-on back • case, dial and movement signed • with an 18k pink gold buckle

Please note that the movement has not been tested for the accuracy of its time keeping and therefore a service should be carried out in the near future at the buyer's expense. The movement is running at the time of cataloguing. Dial with some tarnishing to the indexes. Case with scuffs throughout, indentation to the bottom left hand lug. This is the first example of the ref. 448 to be seen on the market with this configuration of black dial with Arabic numerals. The period buckle, very likely the original one, with the hallmark of Antoine Gerlach (AG), the same case maker than the case. Very attractive example. **The strap of this wristwatch is made from an endangered species; please refer to important notices for further information.**
"In response to your inquiry, we are pleased to provide you with a general report of the condition of the property described above. All dimensions in catalogue descriptions are approximate. Condition reports may not specify mechanical replacements or imperfections to the movement, case, dial, pendulum, separate base(s) or dome. Watches in water-resistant cases have been opened to examine movements but no warranties are made that the watches are currently water-resistant. Please note that we do not guarantee the authenticity of any individual component parts, such as wheels, hands, crowns, crystals, screws, bracelets and leather bands, since subsequent repairs and restoration work may have resulted in the replacement of original parts. Since we are not professional conservators or restorers, we urge you to consult with a restorer or conservator of your choice who will be better able to provide a detailed, professional report. Prospective buyers should inspect each lot to satisfy themselves as to condition and must understand that any statement made by Sotheby's is merely a subjective, qualified opinion. Prospective buyers should also refer to any Important Notices regarding this sale, which are printed in the Sale Catalogue. In particular, please note it is the purchaser's responsibility to comply with any applicable import and export matters, particularly in relation to lots incorporating materials from endangered species.NOTWITHSTANDING THIS REPORT OR ANY DISCUSSIONS CONCERNING A LOT, ALL LOTS ARE OFFERED AND SOLD AS IS" IN ACCORDANCE WITH THE CONDITIONS OF BUSINESS PRINTED IN THE SALE CATALOGUE."

**Please be advised that bands made of materials derived from endangered or otherwise protected species (i.e. alligator and crocodile) are not sold with the watches and are for display purposes only. We reserve the right to remove these bands prior to shipping.

Important Notice regarding importation into the United States of Rolex watches
Sotheby's cannot arrange for the delivery of Rolex watches to the United States because U.S. laws restricts the import of Rolex watches. The buyer or a designated agent may collect the property in the country of sale."

The reference 448 was produced from 1935 till at least 1956. It is a smaller version of the ref. 96. The first generation with the 10''' calibre was produced until 1940.