Patek Philippe - The Hong Kong Watch Auction: XI Hong Kong Saturday, November 28, 2020 | Phillips

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  • Manufacturer: Patek Philippe
    Year: 1998
    Reference No: 3970EP
    Movement No: 3’045’789
    Case No: 4’025’558
    Material: Platinum
    Calibre: Manual, cal. CH 27-70 Q, 24 jewels
    Bracelet/Strap: Leather
    Clasp/Buckle: Platinum Patek Philippe deployant clasp
    Dimensions: 36mm diameter
    Signed: Case, dial, movement and clasp signed
    Accessories: Accompanied by Patek Philippe setting pin, outer packaging and fitted presentation box. Further delivered with a Patek Philippe Extract from the Archives confirming its date of manufacture of the present timepiece in 1998 and its subsequent date of sale on 18th May 1998.

  • Catalogue Essay

    First released in 1986 replacing its former coveted ref. 2499, the Patek Philippe ref. 3970 presents similar aesthetics to its predecessor such as its pump-style pushers and down turned stepped lugs. However, the ref. 3970 featured certain upgrades such as the new movement replacing its former Valjoux based caliber now powered by a heavily modified Lemania 2310 based cal. CH 27-70 Q. Additionally, the dial is presented with two additional indications including leap years and an additional 24-hour hand.

    The present example encased in platinum referenced 3970E (“E” – étanche meaning waterproof), features a sapphire caseback. Furthermore, it is delivered with a Patek Philippe Extract from the Archives confirming the production of this present timepiece in 1998.

  • 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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1035

Ref. 3970EP
A fine and rare platinum perpetual calendar chronograph wristwatch with moon phases, 24-hour, leap year indication, diamond-set indexes and presentation box

1998
36mm diameter
Case, dial, movement and clasp signed

Estimate
HK$390,000 - 780,000 
€42,000-84,100
$50,000-100,000

Sold for HK$630,000

Contact Specialist

Thomas Perazzi

Head of Watches, Asia
+852 2318 2001

WatchesHK@phillips.com

The Hong Kong Watch Auction: XI

Hong Kong Auction 29 November 2020