Important Modern & Vintage Timepieces

Hong Kong, Apr 28, 2019

LOT 405

NON-MAGNETIC WATCH CO. OF AMERICA NON-MAGNETIC POCKET WATCH WITH EIGHT HOROLOGICAL COMPLICATIONS, INCLUDING MINUTE-REPEATER, CHRONOGRAPH, PERPETUAL CALENDAR WITH PHASES OF THE MOON, POSSIBLY MADE ON A PATEK PHILIPPE EBAUCHE; 18K YELLOW GOLD

HKD 144,000 - 176,000

CHF 18,000 - 22,000 / USD 18,500 - 22,600

18K yellow gold, open-hunting-case, keyless-winding, round-shaped, pocket watch, hinged case-back and cover, subsidiary seconds at 6 and eight horological complications: - Minute-repeater on two steel gongs (activated by the slide at 6 o'clock) - 1/5 second chronograph (activated by the rectangular push-piece located on the case-band at 12 o'clock) - Instantaneous perpetual calendar - Date of the month (subsidiary dial at 3 o'clock) - Day of the week (subsidiary dial at 9 o'clock; indications given in English) - Month of the year (subsidiary dial at 12 o'clock; indications given in English) - Age and phases of the moon (subsidiary dial, graduated from 0 to 29 1/2, and aperture at 6 o'clock) - Four-year cycle of leap-years (subsidiary dial at 12 o'clock)


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Grading System
Grade: AAA

Excellent

Case: 3-23

Good

Later

Movement: 3*

Good

Overhaul recommended, at buyer's expense

Dial: 3-01

Good

HANDS Original

Brand Non-Magnetic Watch Co. of America

Year circa 1887-1895

Movement No. 6 735

Calibre  21''' (ebauche possibly from Patek, Philippe & Co., Geneva) rhodium-plated, with going barrel, gold nonmagnetic straight-line equilibrated lever escapement, compensated balance and blued steel hairspring with terminal curve, index regulator with swan-neck spring and micrometric screw

Case No. 6 735

Material 18K yellow gold

Caliber 21''' (ebauche possibly from Patek, Philippe & Co., Geneva) rhodium-plated, with going barrel, gold nonmagnetic straight-line equilibrated lever escapement, compensated balance and blued steel hairspring with terminal curve, index regulator with swan-neck spring and micrometric screw

Dimensions Ø 58 mm.

Signature dial, case and movement

Notes

The Geneva Non-Magnetic Watch Co. of America, Geneva In 1885-1886, the new non-magnetic alloy (palladium with copper) invented to produced non-magnetic and non-corrosive hairsprings and balances by Charles-Auguste Paillard (1840-1895) came to the attention of a young Dresden businessman, Charles W. Ward. He and his associates were impressed by the invention and decided to form a company making watches based on the Paillard’s patents granted in Great Britain (No. 6 367, May 11, 1886, for “Hair-springs”, and, No. 8 730, July 3, 1886, for “Balances”). Ward made preliminary arrangements with Paillard, a former regulator for Patek Philippe & Co., and Louis Bornand, a former manager of Henry Capt & Co., in Geneva, and began arrangements to get rights to the Paillard’s patents. On January 1886, a draft was made for a proposal of forming the company. It was to be incorporated in Detroit, with a capitalization of US$ 50 000.-, and to be called the “Geneva Watch Co.”. About a month later it materialised. The watches were to be manufactured by Bornand in Geneva. On February 23, 1886, the first order was given for 34 pieces including twelve with horological complications. On March 16, 1886, a new agreement was signed and the name of the company was changed to “Geneva Non-Magnetic Watch Co.”, incorporated in New York with Paillard and Bornand responsible for the manufacturing. Paillard’s agency was located at 2, rue Kleberg in Geneva and the Bornand plant at 64, Grand Quai in Geneva (former Tiffany plant, as reported by Jeweler Circular in 1889). The Non-Magnetic Watch Co. office was located at 5, Quai du Mont Blanc. In 1886, the company filed for the patents rights for manufacturing palladium springs in France, England, Germany and the United States, because in Geneva, Dufane-Lutz had also started making palladium springs. In 1887, a new contract was signed with J.-J. Badollet in Geneva and Aeby & Co. in Bienne, watch manufacturing companies, for producing ebauches. That same year an arrangement was made with Patek Philippe & Co. for their blancs to be made in the Patek Philippe factory and finished by Bornand. These were probably the highest grades of Non-Magnetic Watch Co. In the same year, a new company was organized, the “Non-Magnetic Watch Co. of America”, in the hope of promoting the watch as an American product, for at the time these had an excellent reputation (see: Antiquorum, December 2001, The Art of American Horology). The watches were tested by Thomas Edison, Webb C. Ball, and Henry Abbott. In 1889, the Non-Magnetic Watch Co. showed its products in the Saint-Louis Exhibition and in 1893 in the Columbian Universal Exposition in Chicago. In 1895, Charles Paillard died; it appears that shortly after A. C. Becken of Chicago purchased the company and started selling the inventory. He contracted the Illinois Watch Co. to make non-magnetic movements for him and marketed them as “Non-Magnetic Watch Co. of Chicago, USA”. In 1899, Becken advertised products labelled “Paillard, Non-Magnetic Watch Co., Chicago, USA”. The movements were made by the Illinois Watch Co. A year later in his catalogue appeared watches labelled “Geneva Non-Magnetic” and “Non-Magnetic of America”. These most likely came from the Non-Magnetic Watch Co. inventory. He also stated that he was “the manufacturer of Paillard Non-Magnetic Watches”, and that he had bought Non-Magnetic inventory and acquired the rights to the patent.