Patek Philippe & Co., Genève
A RARE AND FINE GOLD OPEN-FACED MINUTE REPEATING PERPETUAL CALENDAR KEYLESS LEVER WATCH WITH MOON PHASES 1938, REF. 699, MOVEMENT NO. 860860 CASE NO. 619395 [百達翡麗罕有黃金三問萬年曆懷錶備月相顯示，1938年製，編號699，機芯編號860860，錶殼編號619395]
Patek Philippe & Co., Genève
A RARE AND FINE GOLD OPEN-FACED MINUTE REPEATING PERPETUAL CALENDAR KEYLESS LEVER WATCH WITH MOON PHASES
1938, REF. 699, MOVEMENT NO. 860860 CASE NO. 619395
• Movement: damascened, lever escapement, wolf's tooth winding, jewelled to the centre, bi-metallic compensation balance, two polished hammers repeating on coiled gongs, signed and numbered Patek Philippe & Co., Genève, no. 860860
• Dial: gold, applied gold Roman and baton hour indexes, four sunken subsidiary dials for day, month with leap year indication, date and seconds combined with aperture for moon phases, gold baton hands, signed Patek Philippe & Co., Genève
• Case: 18ct gold, scooped bezel, satin finished sides, snap-on satin finished back, repeating slide to the band, 3 recessed calendar adjusters to the band, signed and numbered Patek Philippe & Co., Genève, Swiss, 619395
Movement: running at time of cataloguing. Some minor oxidation spots to some bridges. Repeating operational and sounding clear and loudly. All calendar functions are advancing, however, there is an issue as the date changes over into the new month, the month indication is not always advancing straight away and it doesn't appear to be correctly accommodating the lengths of the months at present as indicated on the dial, will need adjustment.
Dial: some light oxidation, a little debris to the surface and a few small scratches but there is a good lustre to the surface.
Case: with some light scuffs and scratches. Good clear hallmark to pendant. Repeating slide is solid and working well.
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."
Accompanied by an Extract from the Archives confirming production in 1938 with a gold dial, and sale on 20 February 1940.
While Patek Philippe produced only a small number of pocket watches during the 1930s, their commitment to creating technically complex pieces never wavered. The present lot typifies Patek Philippe's exceptional Reference 699 with its clean dial design, bell shaped pendant, and mix of Roman numeral and baton indexes. The minute repeating perpetual calendar movement is housed in an attractive satin-finished case with scooped bezel.
The firm produced two other variations of the reference 699: Ref 699/2 contains an American calendar triple window, rather than the radial display for day, date, and month indication; Ref 699/3 features a two-train movement and trip-repeating activated through the crown.
A similar example with Arabic numerals is illustrated in Martin Huber & Alan Banbery, Patek Philippe, vol. 1, 1st ed., p. 206, pl. 180.
Reference 699's seldom appear at auction and, when they do appear, are usually found with a white dial. The present lot, with its gold dial, offers collectors the exciting opportunity to own a particularly rare variant of this exceptional model.