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191

Patek Philippe

Ref. 3970P

An extremely rare, unpolished and exceptionally well-preserved platinum "second series" perpetual calendar chronograph wristwatch with moonphases, certificate of origin, additional case back and presentation box, consigned by the original owner

Estimate
CHF200,000 - 400,000
€215,000 - 431,000
$245,000 - 489,000
CHF469,900
Lot Details
Manufacturer
Patek Philippe
Year
Circa 1990
Reference No
3970P
Movement No
875'708
Case No
2'873'907
Material
Platinum
Calibre
Manual, cal. CH 27-70 Q, 24 jewels
Bracelet/Strap
Alligator
Clasp/Buckle
Platinum Patek Philippe pin buckle
Dimensions
36mm diameter
Signed
Case, dial, movement and buckle signed
Accessories
Accompanied by Patek Philippe Certificate of Origin dated December 28, 1990 confirming the watch was sold at Magasin Patek Philippe, additional numbered caseback, presentation box and paper bag. Furthermore accompanied by Patek Philippe Extract from the Archives confirming production of the present watch with opaline dial and applied white gold hour markers in 1990 and its subsequent sale on December 27th 1990.
Catalogue Essay
Patek Philippe’s reference 3970 was launched in 1986 as a replacement for the iconic reference 2499. While maintaining the signature aesthetics found in both reference 1518 and 2499 the ref. 3970 used a Lemania-based ébauche as opposed to the previous Valjoux movement. These models also had a leap year and 24-hour indication for the first time.

The reference was produced in yellow gold, pink gold, white gold and platinum across a total of four series with production spanning over 19 years. It is estimated that throughout its course of production over 4,000 examples of the reference were produced.

First series (1986 – 1988) – Features a snapback case, feuille hands and rectangular indexes.

Second series (1987 – 1990) – Features a solid screw back case "E – Etanche", feuille hands and baton indexes. (The present example)

Third series (1989 – 1995) – Features a solid screw back case "E – Etanche" with an extra sapphire caseback, baton hands and lapidated indexes.

Fourth series (1994 – 2004) – Same configuration as the third series; however, there is a change in serial number ranges in the movement and case, and from 1997 onwards, it features a deployant clasp.

Consigned by the original owner, who lives in Geneva, the present example is part of the second series with screwed caseback from 1990, making it one of the very last examples from the series before the firm started to offer an extra sapphire caseback marking the dawn of the third series. Most interestingly, the watch was originally delivered with a closed case back, and the owner had ordered a sapphire caseback after a few years so he could admire the movement. Having guarded the watch carefully, the original owner did not wear the timepiece. Instead, it remained in the safe, unworn, for most of its life. As such, it is one of probably only a few number of second series 3970s to be preserved in virtually unworn and definitely unpolished condition. It is furthermore accompanied by its original accessories such as the Certificate of Origin, second caseback (which was ordered upon special request), setting pin and presentation box.

It even has the original paper bag that was delivered with the timepiece in 1990!

The Second series also had the particularity of having 4 hallmarks stamped on each side of the lugs. In the present example, these hallmarks are clear and crisp, demonstrating that the watch has never been polished. Exceedingly rare, the present timepiece is one of only 10 platinum 3970s known to the market, and approximately 7 known with this dial.

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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