DIAL: with glue residuals between 5 and 6 o'clock. With dial removal marks to the periphery at 4 and 12 o'clock. With a minor dot to the seconds subdial at 5 o'clock. With minor spotting around the 6, 8, 9 and 10 o'clock diamond-set indexes, visible under magnification. With a minor loss of ink to the top of the first P in Phillipe, visible under magnification. Hands are in good condition. CASE: in good condition considering the age and wear of the timepiece. Crown has been replaced during a previous service. Case with minor surface scratches throughout, with minor marks to the right lug profile and superficial surface scratches to the left case profile. Back is in good condition. In between the lugs at 6 o'clock, the hallmark remains legible. 18ct white gold Gay Frères bracelet dated 1954 in slightly stretched condition, clasp securing safely and 750, Gay Frères and 4 54 engravings legible. MOVEMENT: running at the time of cataloguing. Please note that the movement has not been tested for the accuracy of time and may need service at the buyer's expense. Please note that Sotheby's does not guarantee the future working of the movement.
"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."