PATEK PHILIPPE | RETAILED BY BAILEY BANKS & BIDDLE CO.: A YELLOW GOLD OPEN FACED PERPETUAL CALENDAR MINUTE REPEATING WATCH WITH MOON PHASES MADE IN 1917

Dial: enamel, Breguet numeralsCaliber: 19'" ligne movement, 31 jewelsMovement number: 174748Case: 18k yellow gold, cuvette, concealed hinged case back with crestCase number: 405553Size: diameter 54 mmSigned: case, dial and movement signed by maker, cuvette signed by maker and retailerAccessories: Patek Philippe Extract from the Archives confirming the year of manufacture in 1917 and sale on January 7th, 1925 with Breguet numerals

CASE Case in overall very good condition with light wear and scuffing. PPC stamp to the top of bow is crisp and legible. Gold mark to the base of the bow is slightly rubbed, but visible and legible. Case overall with some light surface scuffing. Area to the lip with some material wear from opening and closing. Case back is engraved with a crest depicting a sword flanked by wings atop scrolling foliate. The crest is inscribed "Paratus." DIAL Enamel dial intact with no visible hairlines. Some light dust and debris, especially between "fri" and "sat" within the sub dial. A small chip to the outermost perimeter of the moon phases sub dial. Some very light signs of patina to the hands. MOVEMENT Minutes repeating in phase. Perpetual calendar and moon phases operating. The movement is running at time of cataloging, however it was not tested for the accuracy of time or duration of the power reserve and may need service at the buyer's discretion. 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."

The present example exemplifies the finest of watchmaking in the early part of the twentieth century. Its movement was completed in 1917, towards the end of the First World War. Despite the international turmoil, Patek Philippe was creating some of the finest complicated pocket watches known. Indeed, celebrated collectors James Ward Packard and Henry Graves, Jr., were actively collecting at this time, constantly spurring Patek Philippe to greater technical achievements. Six watches from the 174000-174999 production range, to which the present lot belongs, were commissioned by these distinguished collectors.