IWC

• cal. 9725 finely chased and engraved gilt lever movement, mono-metallic compensation balance, micrometer regulator • white enamel dial, Roman numerals, spade hands, subsidiary seconds indicated by Arabic numerals, outer minutes track • the watch reversible within heavy 18k gold case, stepped factory-engraved bezel, hinged back, snap-off inner cuvette • case, cuvette, dial and movement signed • with an 18k gold IWC chain and 18k gold IWC onyx-inlaid key

The movement is running, however it may require service soon. The dial is very clean with no spots or marks. The case shows light-to-moderate wear, bearing light scuffs on the case back, band and bezel. The case is quite heavy and is further stamped with the reference number 5140. The watch is also accompanied by an IWC tie tag. In 1984, the retail price for this piece was $19,750.
"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."

Accompanied by a wooden IWC presentation box.

The ingenius design of the present watch allows it to be converted from an open-faced watch to a hunting cased watch by opening both the front bezel and back lid and unlocking the inner case. This then swivels inside the frame to face the opposite side.

The present example is number 41 from a limited edition of 250 pieces.

The present and following lot are part of a pocketwatch collection launched by IWC in 1984 as an effort to revive interest in pocketwatches and to showcase the firm's horological skills. These items, as well as others, were advertised in IWC's 1984 marketing brochure devoted to pocketwatches, 'The Watches from IWC: Volume I- The pocket watch.'