Hello Riza,
Thank you for sending in this pocket watch to mearto.com for an appraisal. I shall try to help you with that today.
TITLE:
Gent’s,17''', 18k yellow gold with blue enameling, keyless, pendant wound open face pocket watch with gilt presentation on cuvette (and possibly made for a jeweler, the name on movement is illegible), S/N 133.308, case no. 241.345, made by Patek Philippe & Cie, Geneva, Switzerland, circa 1905.Accompanied by an Extract from the Archives of Patek Philippe.
DESCRIPTION:
Case: 44mm diameter, three leaf, 18k yellow gold with the back cover monogrammed in blue enamel ‘TRE’. There is blue enameling along the case edge with gold Greek key design. There is a suppressed ball fluted pendant and oval gold bow and blue/gold enameled stem-base, all placed at the twelve position. The dial bezel is similarly ornamented with a gold Greek key design against the dark blue enameling. The interior of the back cover carries the PP&Co logo and the 18k gold hallmark, case no. 241.345, and on the inside of the cuvette the Geneva seal, another logo of P.P. & Cie. and the same case number as on the outer cover.
The cuvette carries a personal gift Presentation dated 'Christmas 1908'.
Dial: White enameled dial with Breguet hour indices, bar minute track, sunken subsidiary seconds dial @6, gilt rococo Louis XVIth style hands (in proper form) and the upper dial enameled in black, “Patek Philippe & Cie, Geneve”.
Movement: 17''' lever escapement - A damascened nickel, partial plate and finger bridge movement, pendant wound, small shaped plate marked with name and location of jeweler (illegible), curved center wheel bridge, two small curved finger bridges, partial straight barrel bridge illegibly marked, but most likely reads “Patek Philippe & Co. Geneve, Suisse, No. 133.308)”, wolf’s tooth winding, straight line mustache lever escapement, cut bimetallic balance, Breguet hairspring with swan-neck micrometric index regulator.
CONDITION:
Case – Modest scuffs and rubs to the back cover. Enameling is very good.
Dial: In very good condition.
Movement: Appears to run, clean, original to this case and appears genuine.
Overall condition is very good and the dial, case and movement are triple signed for Patek Philippe.
COMPARABLES:
https://www.barnebys.com/realized-prices/lot/patek-philippe-pocket-watch-JQHr-0mzxG (sold for $3450 in 2008 before the elevation of the price of gold)
https://www.liveauctioneers.com/item/14079666_60025-patek-philippe-gold-and-enamel-pocket-watch-for-sp (sold in 2012 for $3750 with gilt dial)
https://www.liveauctioneers.com/item/64948565_patek-philippe-1919-18k-open-face-pocket-watch (sold on 2018 for $10000, with gilt dial)
https://www.barnebys.com/realized-prices/lot/patek-philippe-for-shreve-and-co-18k-gold-pocket-watch-mSMdoBAUx (similar size watch, no blue enameling, sold for $1000 in 2020)
https://catalog.antiquorum.swiss/en/lots/patek-philippe-retailed-by-galt-brother-washington-d-c-u-s-a-lot-323-390?browse_all=1&page=2&q=Patek+Philippe+open+face (Sold for approximately $5200 in 2019, but made in 1924.)
PRICING:
Of course, I am pricing this hunting case pocket watch as if sold on the watch market and not the gold market. This example has a fine gold and blue enamel aesthetic, quite classic in design. It appears to be completely genuine and handsome and the fair market value of this design would place it in the range of $7000-$8000.
If sold on the gold market the watch would sell for $1300 less the usual retailer of 15%.
Thank you again for choosing mearto.com.
My best,
David