Important Collectors’ Wristwatches, P...

Geneva, Mandarin Oriental Hotel Du Rhône, May 13, 2007

LOT 304

?The Candler Watch? Patek Philippe & Co. , Genève, No. 161171, case No. 602142. Made in 1910, sold on July 24, 1924. Very fine and rare, rectangular, 18K yellow gold and enamel Art Deco gentleman`s wristwatch. Accompanied by the original Patek Philippe box and the Extract from the Archives.

CHF 90,000 - 110,000

EUR 55,000 - 70,000 / USD 75,000 - 90,000

Sold: CHF 118,000

C. Two-body, polished, beveled bezel engraved with symmetrical patterns at the sides and decorated with black champlevé enamel design on the top and bottom, engraved downturned lugs, hinged back. D. Gilt with painted black Paris numerals, outer minute track. Blued steel ?spade? hands. M. Cal. 10???, rhodium-plated, ?fausses côtes? decoration, 18 jewels, straight-line lever escapement, cut bimetallic compensation balance with 8 adjustments, blued steel Breguet balance spring, index regulator. Dial, case and movement signed. Diam. 26 x 41.5 mm. Thickness 8 mm.


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Grading System
Grade:
Case: 3

Good

Movement: 3*

Good

Overhaul recommended, at buyer's expense

Dial: 3-6-7-01

Good

Slightly oxidized

Oxidized

HANDS Original

Notes

Asa Griggs Candler (1851 - 1929) was an American business tycoon who made most of his money selling Coca-Cola. He also served as mayor of Atlanta, Georgia from 1916 to 1919. Candler Field, the site of the present-day Hartsfield-Jackson Atlanta International Airport, was named after him, as is Candler Park in Atlanta. Candler was born in Villa Rica, Georgia. He began his career as a drugstore owner and manufacturer of patent medicines. In 1887 he bought the formula for Coca-Cola from its inventor John Pemberton and several other share-holders, for $2,300. The success of Coca-Cola was largely due to Candler's aggressive marketing. Candler made millions of dollars from his investment, allowing him to establish Central Bank and Trust Company, invest in real estate, and became a major philanthropist for the Methodist Church. He gave $1 million dollars plus a land gift to Emory University, at that time a Methodist college. Asa's younger brother, Methodist Bishop Warren Akin Candler, became president of Emory. Candler also gave millions to what would later become Emory Hospital.