120 Audemars Piguet A rare and very early, Tonneau shaped manual wristwatch in yellow gold, with black roman numerals dial.

Estimate: Fr. 30'000 –⁠ 60'000

• Model Tonneau
• Year Circa 1930s
• Case Material 18K yellow gold
• Case Number 22'811
• Bracelet Material Leather strap
• Movement Manual, jewelled
• Movement Number 22'811
• Dimension 26mm width x 43mm length
• Signed Case, dial and movement
• Accessories Accompanied by Audemars Piguet fitted presentation box.

The watch here offered represents an exceptionally rare and early example of Audemars Piguet’s wristwatch production during the 1920s, a period of remarkable creativity for the maison. To the best of our research, only one other comparable example have appeared for the moment in the auction market, underscoring its importance and rarity. Its elongated tonneau-shaped case, crafted in yellow gold, reflects the refined elegance of the era, recalling the aesthetic language of Cartier and Patek Philippe, yet interpreted here with a distinct identity. Slightly curved, the case was conceived to follow the natural contour of the wrist, offering both visual harmony and comfort, an advanced consideration for its time. The dial is beautifully composed, with every element carefully adapted to the case’s geometry. The Roman numerals are elongated and radially arranged, enhancing the sense of verticality, while the signature and indexes are positioned to maintain perfect balance. Particularly interesting is the minute track, which does not follow a simple oval but instead adopts a softly faceted, lozenge-like form, echoing the contours of the case and subtly guiding the eye along its elongated silhouette. The overall condition remains very pleasing, with the case retaining its original proportions and hallmarks still visible. Representative of one of Audemars Piguet’s most fascinating periods, this watch is not only a rare survivor but also a refined expression of early wristwatch design, an opportunity that will undoubtedly appeal to the most discerning connoisseur.