Patek Philippe

• cal.12-120 manual winding nickel lever movement, micrometer regulator, mono-metallic compensation balance, 18 jewels, adjusted to 5 positions, heat, cold, isochronism, regulator bridge stamped HOX, steel dust cover • silvered matte dial, subsidiary seconds, applied gold Breguet numerals • circular screw-down case • case, dial and movement signed • with an 18k yellow gold Patek Philippe buckle

Henry Graves, Jr.
Gwendolen Fullerton
Reginald H. Fullerton, Jr.

The movement is running and the watch has been serviced by Patek Philippe, however it may require service in the future. The dial is overall very attractive with raised hard enamel printing. The case may have been expertly and lightly polished during its servicing, however it retains overall good definition and a strong hallmark to the band. It further retains a Patek Philippe service sticker to the case back. The buckle is original and pre-dates the Henri Stern buckles. Please note that it is 18k but unsigned. The strap of this watch contains endangered species; please see 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."

With an Extract from the Archives confirming the date of manufacture in 1946 and subsequent sale with Breguet numerals on February 4th, 1947.

This watch was delivered to Tiffany & Co., New York on March 3, 1947 and sold to Henry Graves, Jr. for $500.

HOX

In an effort to identify watches made for the American market during the 1940s and 50s, 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.