PATEK PHILIPPE | REFERENCE 767 A POSSIBLY UNIQUE, FINE AND VERY RARE YELLOW GOLD OPENFACE PERPETUAL CALENDAR MINUTE REPEATING SPLIT SECONDS CHRONOGRAPH WATCH WITH MOON PHASES, MOVEMENT MADE IN 1922 AND CASED IN 1959

Dial: silveredCalibre: cal. 17'' mechanicalMovement number: 197'676Case: 18k yellow gold, snap on backCase number: 687'004Size: 50 mm diameterSigned: case, dial and movement Accessories: Patek Philippe presentation box. Furthermore delivered with Patek Philippe Extract from the Archives confirming production of the movement of the present watch in 1922 and its subsequent sale on 7 July 1959

Sotheby's Geneva 17 May 2000, lot 118

For a similar example, please see Patek Philippe Museum, Patek Philippe Watches, Volume 1, pages 434 to 436.

The movement is in working condition at the time of cataloguing. All calendars are working properly. The repeating is in phase with a very nice tone and clarity. The hard enamel printing throughout the dial is nicely raised. The dial has developed black spotting from oxidation, which can be seen at 12 o'clock in the minute track and throughout the subsidiary registers. When the watch was first on the market in year 2000, these black spots did not exist on the dial, however, the elements have caused these spotting. The case is in fabulous condition with very crisp lines and facets. This watch is potentially unique as there is not another example known. Please note that the movement has not been tested for the accuracy of time and may need a service at the buyer's expense. Sotheby's does not guarantee the future working of the movement and we do not guarantee the authenticity of any individual component parts since subsequent repairs and restoration work may have resulted in the replacement of original parts. You are advised that watch straps or bands made of materials derived from endangered or otherwise protected species (i.e. alligator or crocodile) are not sold with the watch and we reserve the right to remove these straps or bands prior to shipping. Furthermore, the watch may not come with its original manufacturers strap or band. Prospective bidders should review the Conditions of Business, Authenticity Guarantee, the Guide for Prospective Buyers, and any Important Notice in the sale catalogue.
"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."

In the late 1950s, Patek Philippe discovered a number of complicated movements from the early 20th century. This small number of movements were cased in modern cases made by Antoine Gerlach, who was also the same case maker for the reference 3448. It is easy to distinguished the similarity between the reference 3448 and pocket watches cased in the same period with sharp edges and straight case lines. Today, this series of pocket watches appeal not only to pocket watch collectors, but also wristwatch collectors. The reference 767 is extraordinarily rare and only 7 examples are known. Each example has a slightly different case. Consigned by a highly important collector, no other example with this case design of a reference 767 can be found, rendering this watch a possibly unique example.