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Important Modern & Vintage Timepieces

Hong Kong, Oct 27, 2019

LOT 413

PATEK PHILIPPE FOR HAUSMANN & CO. REF. 1579, CHRONOGRAPH, MINUTE RECORDER AND TACHOMETRIC SCALE, SO-CALLED “SPIDER LUGS”; 18K PINK GOLD

18K pink gold, manual-winding, round-shaped, gentleman’s wristwatch, with snap-on case-back, flat inclined bezel and faceted downturn lugs, so-called “Spider lugs”, silver dial with subsidiary seconds at 9 and two horological complications: 1/5 second chronograph with tachometric scale graduated for 1 000 metres; half-instantaneous 30-minute recorder.

Brand Patek Philippe, Geneva

Reference 1579

Year Circa 1952

Movement No. 868 509

Calibre  13-130, eight adjustments, Geneva Quality Hall Mark

Case No. 674 431

Bracelet Black leather strap, gilded metal buckle

Diameter 36 mm.

Signature Dial, case and movement

Accessories Extract from the Archives

HKD 440,000 - 600,000

CHF 54,850 - 76,750 / USD 55,200 - 77,250

Sold: HKD 587,500


Grading System
Grade: AAA

Excellent

Case: 3-8

Good

Slightly scratched

Movement: 3-8*

Good

Slightly scratched

Overhaul recommended, at buyer's expense

Dial: 3-6-8-01

Good

Slightly oxidized

Slightly scratched

HANDS Original


Notes

The Extract from the Archives, dated September 19, 2019, mentioned that this watch was sold on November 17, 1953.
Patek Philippe, Reference 1579
This reference is launched in 1943 and remained in production until circa 1964.
This round-shaped watch is fitted with the Cal. 13-130 with chronograph.
The majority in yellow gold (around 380 examples), more rarely in pink gold (around 80 examples); only six examples in stainless steel are known to-date and only three in platinum.
This reference was made in two series:
• 1st series, from 1943 to 1949, with Arabic and “baton” numerals, “baton” or “feuille” hands.
• 2nd series, from 1950 to 1964, with Arabic and square numerals, “feuille” hands.
Its large case (about 3 mm. more than the Ref. 130) and its faceted lugs gives it a lot of attraction from collectors.
Bibliography
• Patrizzi, Osvaldo, Collecting Patek Philippe Wristwatches, 2010, vol. I, p. 45.
• Patek Philippe Museum, Patek Philippe Watches, Vol. II, pp. 267- 268.

Hausmann & Co., Rome 
Hausmann & Co. was initiated in 1794 out of the workshop which had been started by Giovanni Romano Ricci at Palazzo Piombino in Piazza Colonna. In 1870, Ernst Hausmann, a young German clockmaker joins the firm. In 1889, the headquarters of the shop were moved to a temporary office in via Bocca di Leone. A year later, in 1890, the store’s headquarters moved to definitively to the current address of via del Corso, 406. In 1895, Hermann Frielingsdorf, a German technician, joins the firm who become Hausmann & Co. In 1902, the company opens
 a store in Naples, via Santa Brigida, and in Genova, piazza de ‘Ferrari. In 1906, the firm participated in the International Exhibition of Milano (presenting a precision pendulum clock) and receives a Diploma of Honour. In 1978, a new shop opens in New York, at the corner of Madison Avenue and 59th Street. In 2001, inauguration of a shop in via dei Condotti in Rome, who will become in 2019 the Patek Philippe Boutique di Roma. In 2010, opening of a third store in Rome, via del Babuini. In 2018, the firm and Rolex open a new boutique, via dei Condotti. The year 2019 marks the Hausmann & Co. Jubilee with its 225 years anniversary (1794-2019). Today, the company represents around 20 Swiss watch brands, including Vacheron Constantin, Lange & Söhne, Patek Philippe, IWC, Jeager-LeCoultre, Cartier, Breguet, F.P. Journe, Panerai, etc