PATEK PHILIPPE. ELLIPSE PM. REF. 4201/1. SOLD IN 1975. Ladies' wristwatch in 18k (750 thousandths) yellow gold. CASE: oval. DIAL : gilt 'sigma', applied yellow gold hour-markers. MOVEMENT: mechanical, cal. 16-250, faux-cotes decoration, 18 rubies. BRACELET: 18k yellow gold, five-rand chain links, single worked buckle, pastille stamped with the Calatrava Cross, signed Patek Philippe. Dial, case and movement signed. Numbered 1'268'247/2'743'129. DIM. 22 x 20 mm LENGTH 16.5 cm GROSS WEIGHT: 55.1 g WITH: original case, certificate of origin (Guillermin et Mollet, 16, Place Vendôme, Paris) and GM customs slip. Appraised by Géraldine Richard, SFEP expert assisting Cabinet Emeric Stephen PORTIER - +33 1 47 70 89 82 - experts@esportier.com Condition report by the expert: On the purchase slip, the watch is originally marked with a blue dial (12,800 frs incl. VAT, 9,600 frs excl. VAT). Good condition, Hiboux hallmarks on case back. Used micro-scratches, oxidized hands. The movement works at the time of writing, but cannot be guaranteed. Neither can the individual components, as repairs or restorations may have resulted in the replacement of some original parts. The movement has not been tested for accuracy, and may require service at the purchaser's expense.