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This thread seems to have yielded more info than anywhere else. "Victorian Walnut Regulator" seems to be the best way to describe it. A Google search of that returns some images of very similar clocks.
Yes, it does run, just needs to be carefully wound once a week. Not sure how good of time it keeps.
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-Mark B. Hardware Store Engineer
1988 911 - 3.6
1999 SL500 - Gone
1995 M3 - LS2 - Gone
1993 RS America - Gone
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