Patek Philippe - The New York Watch Auction: SEVEN New York Saturday, December 10, 2022 | Phillips

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  • Condition Report

  • Description

    View our Conditions of Sale.

  • Manufacturer: Patek Philippe
    Year: 1978
    Reference No: 3700/1
    Movement No: 1’306’606
    Case No: 538’374
    Model Name: Nautilus “Jumbo”
    Material: Stainless steel
    Calibre: Automatic cal. 28-255C, 36 jewels
    Bracelet/Strap: Stainless steel Patek Philippe bracelet, max length 200mm
    Clasp/Buckle: Stainless steel Patek Philippe deployant clasp
    Dimensions: 42mm Diameter
    Signed: Case, dial, movement, and bracelet signed.
    Accessories: Accompanied by Patek Philippe cork presentation box. Further accompanied by Patek Philippe Extract from the Archives confirming the production of the present watch in 1978 and its subsequent sale on February 11th, 1980, Patek Philippe service invoice from 2015, and Beyer extract confirming the present watch corresponds to their original records.

  • Catalogue Essay

    Patek Philippe’s iconic Nautilus wristwatch was introduced in 1976, and has become a masterpiece in the horological world. The model was one of the first luxury stainless steel sports models available, and appreciated for its masculine appeal with a sporty appearance that could be worn outdoors or in the boardroom.

    Designed by famed horologist and artist Gerald Genta, the “Nautilus” took its inspiration from the sea, with a design reminiscent of transatlantic ocean liners’ portholes and named after Captain Nemo’s submarine “Nautilus”, which explored the ocean depths in Jules Verne’s “Twenty Thousand Leagues Under the Sea.” Released in 1976, the reference 3700/1 was in production until 1981 and featured a straight bracelet, while its successor the reference 3700/11 launched in 1980 with tapered steel bracelet, and remained in production until 1990. The “Nautilus” was a ground-breaking wristwatch for Patek Philippe, which ushered in a new dimension to the luxury world of watchmaking, a welcome alternative for smaller gentlemen’s dress timepieces fitted on leather straps. The Nautilus reference 3700 would become a major product line for Patek Philippe, and today is one of the most desirable watches in haute horologie.

    This complete example from 1978, not only represents one of the most iconic wristwatches available today, but it is in wonderful original condition, accompanied by its highly coveted cork presentation box. The well-preserved “Type 2” dial features a small accent mark to the second “E”, with the “K” feet converging on the same point, and the bottom of the “V” is truncated.

    Furthering the importance and rarity of the present lot would be not only the delicate appearance of certain areas of tropicalization on the dial, but also the presence of a highly rare retailer signature – Beyer, one of the most prestigious retailers in all of Switzerland (a land notorious for prestigious retailers of watches). A small engraving in the inside caseback is in fact an inventory code, revealing the retailer as Beyer. Offered with a Beyer extract confirming its sale by them, and recently serviced through Beyer at Patek Philippe, the present double-signed Nautilus retains an exclusive combination of provenance and rarity to delight even the most discerning of collectors. Fresh to the market, it is only the tenth ever Beyer-signed 3700/1 to appear on the market. It is even accompanied by its original, highly coveted cork presentation box.

  • 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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75

Ref. 3700/1
A highly elusive, very attractive, and well-preserved stainless steel wristwatch with date, bracelet, cork presentation box, Extract from the Archives, retailed by Beyer

1978
42mm Diameter
Case, dial, movement, and bracelet signed.

Estimate
$100,000 - 200,000 
CHF95,000-190,000
€96,700-193,000
HK$783,000-1,570,000
S$138,000-275,000

Place Advance Bid
Contact Specialist

Paul Boutros

Head of Watches, Americas

+1 (212) 940-1293

[email protected]

 

Isabella Proia

Head of Sale, New York

+1 (212) 940 1285

[email protected]

 

The New York Watch Auction: SEVEN

New York Auction 10 - 11 December 2022