Important Limited Edition & Modern Co...

Grand Havana Room, New York, Sep 25, 2002

LOT 163

International Watch Co., Schaffhau-sen, "Grande Complication", No. 18/ 50, Ref. 3770. Produced in a limited edition of 50 examples in 1990. Very fine and extremely rare, oversized, astronomic, minute-repeating, self-winding, platinum gentleman?s wristwatch with 44 hours autonomy, square button chronograph, registers, perpetual calendar and moon phases and a platinum IWC buckle. Accompanied by a fitted box and a certificate.

USD 65,000 - 85,000

Sold: USD 68,500

C. three-body, massive, polished, case back with screws, pyra-midal bezel, curved straight lugs, screwed-down crown, sap-phire crystal. D. white enamel with applied yellow gold in-dexes, auxiliary dials for the seconds, the 12 hour and 30 minute registers, the days of the month, the week and the months, apertures for the year and moon phases. Bâton yellow gold hands. M. Cal 79091, rhodium-plated, "fausses côtes" de-coration, 68 jewels, lever escapement, monometallic balance, shock-absorber, self-compensating flat balance spring, repea-ting on gongs by activating slide on the band. Dial, case and movement signed. Diam. 42 mm.


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Grading System
Grade:
Case: 3

Good

Movement: 1

As new

Dial: 1 - 01

Notes

In the 1870's, American-born Florentine Ariosto Jones, _who had been appointed director of the E. Howard & Co. watchmaking factory in Boston at the early age of 27_, decided to manufacture high-quality movements and watch parts for the American market using American technology and skilled labor from Switzerland, where wages were comparatively low. However, the skilled wor-kers in the Geneva region and in the remote valleys of the Jura mountains resisted the plans of a man they considered an in-truder, and it was not until Jones teamed up with Johann Heinrich Moser from Schaffhausen that his plan could be realized. Moser had built a hydrostation in Schaffhausen, powered by water from the Rhine, which generated low-cost energy. In 1868, Jones settled on the banks of the Rhine, creating the International Watch Company. Schaffhausen had long been a watchmaking town, with a clockmaker's guild existing there since 1583. The town was also home to the famous Habrecht family of clockmakers, who built the impressive astronomical clock for the Strasburg cathedral. How-ever, Jones' arrival marked a new era in time measurement, for he was not only an entrepreneur but a talented watchmaker. The first pocket watches produced in Schaffhausen with the Jones caliber had a wealth of advanced technical features. A year after its foundation, the "American" watch factory passed into Swiss hands, but its philosophy - "Probus Scafusia" (good, solid crafts-manship from Schaffhausen) - has remained unchanged. By the late 1930's, IWC's reputation was so good that its watches were considered "the poor man's Patek Philippe". In recent years, IWC enlarged their horological scope by investing in the German firm of Lange & Söhne.