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Lot No. 403* (89th Auction)
Piguet-Capt, Brassus, Movement No. 13917, 47 mm, 36 g, circa 1920

A gentleman's very rare, ultra-thin Glashuette pocket watch for the French market
Case: 18k gold, polished, sharp knife edge band, push back. Dial: solid gold, silvered, engine-turned, Arabic numerals, blued Breguet hands. Movm.: bridge movement, rhodium plated, "fausses côtes" decoration, signed on the movement under the dial, gold screw compensation balance.

Paul Piguet-Capt
In 1910, as LeCoultre’s records indicate, a minute repeating movement of 20-ligne could have been bought by 105CHF. The same movement, but just half the size, was ten times more expensive. Paul Piguet-Capt, the maker of this watch, charged SFr 1150 for a 10-ligne repeater movement. This was when an ounce of gold cost about $20. Using the cost of gold as an indicator, this movement would cost today (wholesale) $86,000. The same cost disparity was with thick versus thin movements.
This Lot comes from this group of ultra small or ultra slim watches which only the best watchmakers were able to make and only the wealthiest were able to afford. This is the reason why the “knife edge” watches we see on antiquarian market mostly signed Cartier – their clients could have afford them.
Estimate  2,500 - 3,500 €

Price Realised  4,200 €
A lot from a recent auction!

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