Patek Philippe. A Fine 18k Gold and White Gold Cushion-shaped Pocket Watch
This lot is offered without reserve.
Patek Philippe. A Fine 18k Gold and White Gold Cushion-shaped Pocket Watch

Signed Patek Philippe & Co., Genève, Chronometro Gondolo, Movement No. 176’166, Case No. 605’002, Manufactured in 1913

细节
Patek Philippe. A Fine 18k Gold and White Gold Cushion-shaped Pocket Watch
Signed Patek Philippe & Co., Genève, Chronometro Gondolo, Movement No. 176’166, Case No. 605’002, Manufactured in 1913
Movement: Manual, Cal. 12’’’
Dial: Silvered, Arabic numerals
Case: 18k gold and white gold square-shaped, leaf motif to the bezel, snap on back, 43mm width
Signed: Case, dial and movement signed
Accompanied By: A Patek Philippe Extract from the Archives confirming date of sale on December 19th, 1913
注意事项
This lot is offered without reserve.

拍品专文

The present pocket watch was manufactured for the Brazilian firm of Gondolo & Labouriau, Patek Philippe's chosen retailer in Rio de Janeiro from 1872 until 1927. Due to the enormous success of Patek Philippe timepieces amongst the firm's clients in Brazil, the Swiss manufacture started designing watches especially for Gondolo & Labouriau, with specific mechanical and aesthetical characteristics.

To encourage the sale of Chronometro Gondolo watches by members of its buyer's club, the retailer invented a brilliant marketing scheme which consisted of lottery draws. Each member of the club had committed to buying a Patek Philippe Pocket watch and made a 10 Franc payment every week for 79 weeks until the watch was paid for in full. Gondolo would then hold 79 consecutive weekly lottery draws in which the winners would be released from their payment responsibilities. This process enabled the first weekly winner to receive a Patek Philippe for free; the second would receive it after his first payment of 10 Francs and so on. At the end of the lotteries, the remaining members would pay full price for their watches. The lottery system assured each participant would eventually acquire a Chronometro Gondolo for a reasonable amount, and also allowed members of the buyers club to circumvent the Brazilian ban on gambling.

During this collaboration, the Brazilian retailer sold nearly a third of Patek Philippe's total production. Even though the retailer Gondolo & Labouriau is now a distant memory, the name within the watch community has lived on and timepieces bearing the retailer's signature represent some of the most coveted Patek Philippe watches ever made.

This particular watch is exceptional for its unusual cushion shape, oversized Breguet numerals, and two-tone case with hand-engraved foliate design.

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