102nd Auction

2020/6/29

Lot 377

Patek Philippe & Cie. Genève, Suisse, "Trip-Minute Repeater", Movement No. 111783, Case No. 225285, 48 mm, 104 g, circa 1897
An extremely rare and heavy Geneva minute repeating pocket watch, releasing by coaxial button in the crown - produced for Henry J. Howe in Syracuse, N.Y. - sold to Clifford D. Beebe - with Patek Philippe mahogany box and certificate
Case: 18k gold, monogrammed, gold dome with engraving: "Clifford D. Beebe from his wife Maude C. Beebe Dec. 25th 1901". Dial: enamel. Movm.: 1/2 plate movement, 2 hammers, 2 gongs, 2 going barrels with click works, gold screw compensation balance.
Trip-Minute Repeaters
Patek Philippe created the first double-train trip repeaters around 1900; the production continued in very small numbers over the next 25 years. Less than 30 watches with the mechanism are known today.
Clifford D. Beebe was director of the Rochester Syracuse and Eastern Railroad Company. The company was founded November 7, 1901, with a capital of $ 3,500,000 to connect Syracuse, N.Y. and Rochester with a street surface electric line over a distance of 100 miles.
Source: New York Times, November 8, 1901
The Rochester, Syracuse and Eastern Railroad was one of ten lines of the Clifford D. Beebe syndicate and one of five which operated out of Syracuse. It was different from his other railroad lines in that it was built from scratch by Beebe and was his pride and joy. Unfortunately, it was the least successful financially because of competition from the new gasoline automobile, hard surface roads and the established steam railroads. It is said, that had the electric interurban railroads been established before the arrival of the automobile and the hard surface roads, they still might be a part of our national economy.
Although it was not the first electrified railroad considered for the area, it was the first one to be built which offered the farmer a chance to become better acquainted with the nearby towns, and it first introduced city people to the advantages of suburban living.
The Rochester, Syracuse and Eastern was incorporated under New York laws on November 7, 1901 for the purpose of constructing a high-speed double track electric railroad between Rochester and Syracuse. Location surveys were run in 1902 and construction began in August, 1904. All operations were discontinued on June 27, 1931 and the property was subsequently dismantled.
The $144,000 per mile cost of construction made the railroad an over-improvement based on its short life-span. The original cost was undoubtedly a contributing factor in the road's demise within twenty five years. But the electric rivaled many of the steam trains in speed and excelled most of them in convenience and all of them in economy.

Sold

estimated
32.00045.000 €
Price realized
60.000 €