Important Wristwatches, Watches & Clocks

Geneva, Hotel Des Bergues, Apr 11, 1992

LOT 528

Charles Frodsham, by appointment to the King, 115 New Bond Street, Late of 84 Strand, London, No. 08920, made in 1902. One of the 25 highly important 18 ct. gold minuterepeating keyless pocket chronometers with one minute tourbillon regulator, split-second chronograph and 60 minute progressive recorder, specially commissioned by J. Pierpont Morgan and presented to W. P. Harding in 1903, in original fitted box.

CHF 300,000 - 350,000

Sold: CHF 292,250

C. Three body massive "pomme" case, polished, with five knuckle joints, olivetted set-hands push, anti-theft bow. Gold cuvette engraved with a dated dedication. D. White enamel, canister type, by Willis, Roman numerais, outer Arabic minute ring with chronograph divisions, sunk subsidiary seconds at 3 and minute register at 9. Blued-steel spade hands, gold and steel chronograph. M. 24? frosted and gilt three-quarter plate, 29 jewels, screwed main settings, English pattern lateral lever escapement with gold counterpoised screw, cut bimetallic balance, blued-steel free-sprung, balance spring with terminal curve. Three arm polished steel one minute tourbillon carrIage with gold counterweight and steel cock. Chronograph with visible polished and grained steel work, push-pieces in crown and band. Minuterepeating on gongs with slide in the band. Signed on the dial and movement. In perfect condition. Diam. 62mm.


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Notes

Nicole Nielsen, the finest English watchmaker of his day, made this watch for Frodsham on an ebauche by Victorin Elysée Piguet. A virtually identical watch is described and illustrated in R. Meis Das Tourbillon, page 218-219, fig. 272-275. urbillon, page 218-219, fig. 272-275. Mr. William P. G(ould) HARDING, was a banker born in 1864. He began as Clerk and bookkeeper in the private bank of J.H. Fitts & Co., Tuscaloosa, Alabama, in 1882 , then bookkeeper to the cashier in the Berney National bank, Birmingham, from 1886 to 1896 . In 1896 he became vice-president, then president from 1902 to 1914 in the First National Bank, Birmingham .As a member of the Federal Reserve Board in Washington from 1914 to 1922 , he became governor in 1916, then governor of the Federal Reserve Bank of Boston in 1923 . Harding was managing-director of the War Finance Corporation in 1918-1919, President of the Alabama State Bankers Association in 1908, and the Birmingham Chamber of Commerce in 1913. Episcopalian Author. He died in April 1930. John Pierpont MORGAN, financier, was born in 1837. Entered bank of Duncan, Sherman & Co. in 1857 , and became agent and attorney in U.S. in 1860 for George Peabody & Co., bankers, London. Member of Dabney, Morgan & Co., investment securities from 1864-1871 ; he joined in 1871 the firm of Drexel, Morgan & Co. now J.P. Morgan & Ce.,the leading private bankers in the U. S. ; also J.S. Morgan & Co., London. His speciality as a financier was in the large scale reorganization of the railways and the consolidation of industrial properties. He gave sites, buildings and large donations to many different institutions ,including valuable gifts to the American Museum of Natural History, Metropolitan Museum of Art and New-York Public library.He, himself formed famous collections of pictures, books, manuscripts, curiosities etc.,and was President of the Metropolitan Museum of Art. He died in 1913.