Patek Philippe - The New York Watch Auction: NINE New York Saturday, December 9, 2023 | Phillips

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  • Manufacturer: Patek Philippe
    Year: 1977
    Reference No: 3700/1J
    Movement No: 1’306’282
    Case No: 540’564
    Model Name: Nautilus “Jumbo”
    Material: 18K yellow gold
    Calibre: Automatic, cal. 28-255 C, 36 jewel
    Bracelet/Strap: 18K yellow gold Patek Philippe bracelet, approx. max overall length 230mm
    Clasp/Buckle: 18K white gold Patek Philippe ‘Nautilus’ deployant clasp, additionally signed Gay Frères
    Dimensions: 42mm Diameter
    Signed: Case, dial, movement, and bracelet signed.
    Accessories: Accompanied by a Patek Philippe Extract from the Archives confirming production of the present watch in 1977 and its subsequent sale on February 26, 1979. Further accompanied by Patek Philippe service tag.

  • Catalogue Essay

    The reference 3700 embodied every aspect of Patek Philippe's avant-garde design philosophy of the 1970s, from the bold yet elegant curves, to the contrasting finish of the case, and even the delicate grooves of the dial culminating in a sublimely robust and elegant wristwatch. First introduced in steel, 18K yellow gold quickly followed as an ultra-luxurious option.

    The original reference 3700/1 was in production from its introduction in 1976 until 1981 and featured a straight bracelet, versus the tapered bracelet of the successor reference 3700/11.

    One of haute horology's most iconic and coveted timepieces, the present watch is preserved in exceptional condition, with crisp edges and bevels throughout. The original, Gay Frères-signed flat Nautilus clasp in 18K white gold is correct, and the hallmarks on the reverse of the case are easily visible. From a prominent private collection, this highly rare reference 3700/1 evokes the finer things in life.

    Interestingly, the caseback bears the engraving “From the people of Juarez thanking Señor Jose Lopez Portillo, Esq. 3-31-79”. Two previous examples of watches owned by former President of Mexico Jose Lopez Portillo have come to market, both vintage Rolex sports watches in stainless steel. The present yellow gold Nautilus was no doubt a gift from the people of Juarez during his presidency.

  • 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. 3700/1J
An extremely elegant and well-preserved yellow gold wristwatch with date and bracelet

1977
42mm Diameter
Case, dial, movement, and bracelet signed.

Estimate
$100,000 - 200,000 
CHF90,100-180,000
€93,600-187,000
HK$781,000-1,560,000
S$136,000-272,000

Sold for $165,100

Contact Specialist

Paul Boutros
Deputy Chairman and Head of Watches, Americas
+1 (212) 940-1293
WatchesNY@Phillips.com
 
Isabella Proia
Head of Sale, New York
+1 (212) 940 1285
iproia@phillips.com

The New York Watch Auction: NINE

New York Auction 9 - 10 December 2023