Important Watches Collector's Wristwa...

The Ritz-carlton Hotel, Feb 20, 2005

LOT 127

International Watch Co., Schaffhausen, "Portofino Perpetuel", Ref. 3541. No. 2471399. Made in the 1990s. Fine, astronomic, center-seconds, self-winding, water-resis-tant, 18K yellow gold gentleman's wristwatch with perpetual calendar, moon phases and an 18K yellow gold IWC buckle. Accompanied by a fitted box and certificate.

HKD 55,000 - 70,000

EUR 5,500 - 7,000 / USD 7,000 - 9,000

C. Two-body, solid, polished, screwed-down case back, straightand curved lugs, sapphire crystal. D. White enamel with appliedradial ?bâton? indexes, subsidiary dials for the date, days of theweek, the month, apertures for the 4-digit year and for themoon phases. "Baton" 18K gold hands. M. Cal. 37582, rhodium-plated,"fausses-côtes" decoration, 39 jewels, straight line leverescapement, monometallic balance, shock-absorber, self-com-pensatingflat balance-spring.Dial, case and movement signed.Diam. 35 mm. Thickness 10 mm.


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Grading System
Grade: AA

Very good

Case: 3

Good

Movement: 3*

Good

Overhaul recommended, at buyer's expense

Dial: 2 - 01

Notes

I.W.C. Schaffhausen I I n the 1870s, 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 workers in the Geneva region and in the remote valleys of the Jura moun-tains resisted the plans of a man they considered an intruder, 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 clock-maker'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. However, 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 cal-iber 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 craftsmanship from Scaffhausen) -has remained unchanged. By the late 1930s 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 close cooperation not only with Jaeger LeCoultre, but also with A. Lange & Söhne in Glashütte.