PATEK PHILIPPE | REFERENCE 1578 'GM' A YELLOW GOLD WRISTWATCH COMMISSIONED FOR GENERAL MOTORS - GENERAL MOTORS OVERSEAS, MADE IN 1953
REFERENCE 1578 'GM'
A YELLOW GOLD WRISTWATCH COMMISSIONED FOR GENERAL MOTORS - GENERAL MOTORS OVERSEAS, MADE IN 1953
Caliber: cal. 12-400 mechanical, 18 jewels
Movement number: 722'250
Case: 18k yellow gold, inscribed snap-on case back
Case number: 681'846
Size: 35 mm diameter
Signed: case, dial and movement
Accessories: Patek Philippe Extract from the Archives confirming the year of sale in 1953 and sale on June 1st 1954
Case in overall good condition with wear and surface scuffing consistent with age. Case with previous polish in our view. Patina throughout. Case back inscribed GMC-GMOO W.L. WESTMAN 1931- 1956. Please note the associated steel buckle is not branded. Crystal glazing with surface scratches.
Dial with wear and subtle fading throughout. Patina to the hands and indexes. Light dust.
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.
***Please be advised that the bands on this watch are made of materials derived from endangered or otherwise protected species (i.e. alligator and crocodile) and thus not sold with the watch, they are for display purposes only. We will remove these bands prior to international shipping and the state of California.***
The lot is sold in the condition it is in at the time of sale. The online condition report is provided to assist you with assessing the condition of the lot and is for guidance purposes only. The images of the lot also form part of the online condition report for the lot provided by Sotheby's. Any reference to condition in the online condition report does not amount to a full description of condition. The online condition report may make reference to particular imperfections of the lot but you should note that the lot may have other faults not expressly referred to in the online condition report of the lot or shown in the online images of the lot (for example, the online condition report 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. The online condition report may not refer to all faults, restoration, alteration or adaptation but rather the online condition report is a statement of subjective, qualified opinion (for example, information regarding colour, clarity and weight of gemstones are statements of opinion only and not statements of fact). Please also note that we do not guarantee the authenticity of any individual component parts, such as wheels, hands, crowns, crystals, screws, bracelets and wrist bands, since subsequent repairs and restoration work may have resulted in the replacement of original parts. In addition, certain images of the lot provided online may not accurately reflect the actual condition of the lot (for example, the online images may represent colours and shades which are different to the lot's actual colour and shades). For these reasons, the online condition report is not an alternative to taking your own professional advice regarding the condition of the lot. Prospective buyers should also refer to the Buying at Auction guide which includes important notices concerning the type of property in this sale. 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. Please be advised that wristbands 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. NOTWITHSTANDING THIS ONLINE CONDITION REPORT OR ANY DISCUSSIONS CONCERNING A LOT, ALL LOTS ARE OFFERED AND SOLD "AS IS" IN ACCORDANCE WITH THE CONDITIONS OF SALE/BUSINESS APPLICABLE TO THE RESPECTIVE SALE.
According to scholarship, in the mid 1950's General Motors, General Motors Overseas Operations began commissioning a special timepiece to be given to their top overseas executives upon their retirement. Each commissioned piece was engraved GMC-GMOO and the name of the recipient with their dates of service. Patek Philippe assigned an additional code to the standard reference number, 1578GM. The reference itself is quite modern for its time, with a larger diameter and highly attractive spider lugs to the case made by Wenger. Black dials, as seen on the present lot, were especially rare and offered for the series made for General Motors. Approximately 20 pieces were manufactured with special inscriptions to GMOO executives. A recent article on www.rescapement.com details the history of these important watches: https://www.rescapement.com/blog/patek-philippe-and-general-motors-kicking-the-tires#:~:text=Patek%201578GM%3A%20Executive%20presence%20The%201578GM%20is%20a,numerals%20radially%20arranged%20at%203%2C%209%20and%2012.