Patek Philippe - The Geneva Watch Auction: XVII Geneva Saturday, May 13, 2023 | Phillips

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  • Manufacturer: Patek Philippe
    Year: 1979
    Reference No: 3700/1
    Movement No: 1'305'348
    Case No: 536'439
    Model Name: Nautilus
    Material: Stainless steel
    Calibre: Automatic, cal. 28-255, 36 jewels
    Bracelet/Strap: Stainless steel Patek Philippe bracelet, max length 190mm
    Clasp/Buckle: Stainless steel Patek Philippe deployant clasp
    Dimensions: 42mm Diameter
    Signed: Case, dial, movement, bracelet and clasp signed
    Accessories: Accompanied by Patek Philippe Certificate of Origin stamped Scherraus St.Gallen and dated 22nd February, 1979, original invoice, original Patek Philippe cork presentation box and service papers.

  • Catalogue Essay

    Originally introduced more than 45 years ago in 1976, the Patek Philippe reference 3700 redefined the meaning of luxury with the use of stainless steel for high-end watches. Designed by Gerald Genta, supposedly dining one night meters away from Patek Philippe executives, the Nautilus took its inspiration from the porthole of a ship constructed via a solid mono-block case with octagonal bezel. The production of the ref. 3700 was segmented into two main series with early examples (1976-1982) stamped with the reference. 3700/1, like the present example, whilst later models from 1982-1990 were stamped with the reference 3700/11.

    Inside beats the calibre 28-255C, taking blueprints from the Jaeger-LeCoultre calibre 920 from 1967. The development was financed by Audemars Piguet which revered to cal.2120 for the Royal Oak, Vacheron Constantin with cal. 1120 and Patek Philippe for the cal. 28-255C for the Nautilus. Lean and refined in its profile at only 3.15mm, it is regarded as one of the most legendary movements ever produced. Extremely comfortable and sleek on the wrist, the timepiece lends itself to both physical activity and for the everyday "office" life.

    The present example from 1979, in wonderful and honest condition, is accompanied by its original certificate of guarantee dated from 1979 and comes with its highly coveted cork presentation box. The well-preserved “Type 2” dial features a small accent mark to the second “E”, and “σ SWISS σ” applied on the bottom of the dial. Even more interestingly, the present timepiece has been serviced in the past by Beyer. A Beyer service marking in the case corresponds with the Beyer service numbers in the service invoice.

    Surely to appeal to even the most discerning of collectors, the present timepiece complete with its original cork box and certificate of origin is a unique opportunity not to be missed.

  • Artist Biography

    Patek Philippe

    Swiss • 1839

    Since its founding in 1839, this famous Geneva-based firm has been surprising its clientele with superbly crafted timepieces fitted with watchmaking's most prestigious complications. Traditional and conservative designs are found across Patek Philippe's watches made throughout their history — the utmost in understated elegance.

    Well-known for the Graves Supercomplication — a highly complicated pocket watch that was the world’s most complicated watch for 50 years — this family-owned brand has earned a reputation of excellence around the world. Patek's complicated vintage watches hold the highest number of world records for results achieved at auction compared with any other brand. For collectors, key models include the reference 1518, the world's first serially produced perpetual calendar chronograph, and its successor, the reference 2499. Other famous models include perpetual calendars such as the ref. 1526, ref. 3448 and 3450, chronographs such as the reference 130, 530 and 1463, as well as reference 1436 and 1563 split seconds chronographs. Patek is also well-known for their classically styled, time-only "Calatrava" dress watches, and the "Nautilus," an iconic luxury sports watch first introduced in 1976 as the reference 3700 that is still in production today.

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Ref. 3700/1
A fine and highly attractive stainless steel wristwatch with date, bracelet, certificate of origin and cork presentation box

1979
42mm Diameter
Case, dial, movement, bracelet and clasp signed

Estimate
CHF80,000 - 160,000 
€83,300-167,000
$91,400-183,000

Sold for CHF152,400

Contact Specialist

Alexandre Ghotbi
Head of Watches, Continental Europe and the Middle East

+41 79 637 17 24
AGhotbi@phillips.com

Tiffany To
Head of Sale, Geneva

+41 79 460 55 88
TiffanyTo@phillips.com

The Geneva Watch Auction: XVII

Geneva Auction 13 - 14 May 2023