I bought this one off an auction site in december of 2010. It was NOS. The KANO company, named after founder Karl Nonnenmacher, produced watches in Pforzheim, Germany during the 1930's. The company and its facilities were destroyed in WWII. Based on the AS 984 movement, this watch dates to 1938-1940. When I got it, the original leather band was so brittle it crumbled off the fixed bar lugs. The movement was super clean, but the barrel screw broke off in the arbor during disassembly, so parts had to be sourced, which took 9 months. Anyway it's back now. The case is 35mm stainless, the dial is more of a reflective taupe or creamy silver than the champagne in these photos.