Patek Philippe - The Hong Kong Watch Auction: XV Hong Kong Monday, November 28, 2022 | Phillips

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  • Manufacturer: Patek Philippe
    Year: Circa 2000
    Reference No: 3970EP-019
    Movement No: 3’046’069
    Case No: 4’072’916
    Material: Platinum
    Calibre: Manual, cal. CH 27-70 Q, 24 jewels
    Bracelet/Strap: Crocodile
    Clasp/Buckle: Platinum Patek Philippe deployant clasp
    Dimensions: 36mm diameter
    Signed: Case, dial, movement and clasp signed
    Accessories: Accompanied by Patek Philippe Certificate of Origin stamped Jürgen Exner dated May 2000, product literature, setting pin, hang tag, leather folio outer packaging and fitted presentation box.

  • Catalogue Essay

    Launched in 1986 and in production until 2004, reference 3970 was a proud heir of two other Patek Philippe perpetual calendar chronographs: references 1518 and 2499 - and is most probably one of the brand’s most iconic watches of the modern era.

    The Patek Philippe reference 3970 presents similar aesthetics to its predecessor such as its pump-style pushers and down turned stepped lugs. However, the reference 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.

    Across its production span of 19 years, the reference was produced in four different metals including yellow gold, pink gold, white gold and platinum across four series. Belonging to an example from the last series, the present timepiece from circa 2000 features a case and movement number that corresponds with other examples from the specific series. Offered in excellent overall condition boasting a nice case with a clean dial and complete with its certificate and presentation box, this fresh-to-the-market ref. 3970 is arguably one of the most undervalued reference of Patek Philippe’s perpetual calendar chronograph timepieces.

  • 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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Property from the Original Owner

Σ1069

Ref. 3970EP-019
A very fine and rare platinum perpetual calendar chronograph wristwatch with moon phases, leap year, 24-hour indication, diamond-set indexes, Certificate of Origin and presentation box

Circa 2000
36mm diameter
Case, dial, movement and clasp signed

Estimate
HK$700,000 - 1,200,000 
€83,300-143,000
$89,700-154,000

Sold for HK$1,134,000

Contact Specialist

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

The Hong Kong Watch Auction: XV

28 - 29 November 2022 (Online Registration ends 27 Nov, 2pm HKT)