Patek Philippe - The Hong Kong Watch Auction: XVI Hong Kong Wednesday, May 24, 2023 | Phillips
  • Manufacturer: Patek Philippe
    Year: 1970
    Reference No: 3565/1J
    Movement No: 1'118'524
    Case No: 2'695'911
    Model Name: IOS Millionaire Watch
    Material: 18K yellow gold
    Calibre: Automatic, cal. 27-460M, 37 jewels
    Bracelet/Strap: 18K yellow gold Patek Philippe bracelet, max length 215mm
    Clasp/Buckle: 18K yellow gold and stainless steel Patek Philippe clasp
    Dimensions: 35mm diameter
    Signed: Case, dial, movement, bracelet and clasp signed
    Accessories: Accompanied by undated Patek Philippe Certificate of Guaranty, hang tag and fitted presentation box. Further delivered with Patek Philippe Extract from the Archives confirming the present timepiece’s date of manufacture in 1970 and its subsequent date of sale on 22nd December 1970

  • Catalogue Essay

    Exclusively manufactured for Bernie Cornfeld and the IOS (Investors Overseas Services) from 1968 to 1971, the present reference is decked out in yellow gold, completed with a caseback later engraved with the ‘Million Dollar Associate’ designation. Nicknamed “The Playboy” or “The Millionaire’s Club”, this model is still one of the largest corporate orders in the history of Patek Philippe today, with an estimated 1000 examples made.

    A status symbol that fuses form and function, the ref. 3565/1J is driven by
    the powerful cal. 27-460 and is an elegant self-winding wristwatch with a date function. All cases for this reference were made by Francis Baumgartner, one of the preeminent master case makers of the early 20th century. The cases are accompanied by a seamlessly integrated bracelet fitted with an unusual belt loop buckle and a hidden stainless steel claw closure. Furthermore, every buckle on the ref. 3565/1J has an engraved IOS logo and Patek Philippe logo.

    The present wristwatch is the 3rd known specimen bearing a Rothchild & Co. Bank logo at 6 o’clock. Beautifully preserved, this collectible truly encapsulates the essence of fast cash and the oscillations of an empire.

  • 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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1025

Ref. 3565/1J
A fine, rare and well-preserved yellow gold wristwatch with date and integrated bracelet, certificate and presentation box, made for the IOS (Investors Overseas Services) and Rothchild & Co. Bank

1970
35mm diameter
Case, dial, movement, bracelet and clasp signed

Estimate
HK$150,000 - 200,000 
€17,500-23,400
$19,200-25,600

Sold for HK$228,600

Contact Specialist

Thomas Perazzi
Head of Watches, Asia
+852 2318 2001
WatchesHK@phillips.com

The Hong Kong Watch Auction: XVI

Hong Kong Auction 24 - 25 May 2023