Important Modern & Vintage Timepieces

Hong Kong, Mar 03, 2021

LOT 193

Patek Philippe for IOS
Ref. 3562 / 1, integrated bracelet; “IOS”; 18K yellow gold

HKD 38,800 - 56,000

CHF 4,500 - 6,500 / EUR 4,200 - 6,100 / USD 5,100 - 7,300

Sold: HKD 50,000

18K yellow gold, manual-winding, round-shaped, gentleman’s wristwatch, with snap-on case-back; gold colour dial with radial Roman numerals.

Case-back engraved with the mention “IOS / Million Dollar · Associate ·”.


Grading System
Grade: AAA

Excellent

Case: 3

Good

Movement: 3 *
Dial: 3-01

Good

HANDS Original

Brand Patek Philippe, Geneva

Model made for IOS, Million Dollar Associate (U.S.A.; 1955-1973)

Reference 23-300 PM

Year circa 1969

Movement No. 1 149 753

Case No. 2 676 171 (by Fr. Baumgartner, Geneva)

Material 18K yellow gold

Bracelet integrated 18K yellow gold Patek Philippe bracelet and clasp (by Fr. Baumgartner, Geneva)

Diameter 32.8 mm.

Caliber 23-300 PM

Dimensions Length 215 mm. (approx.)

Signature dial, case and movement

Accessories Extract from the Archives

Notes

Patek Philippe, Reference 3565

This reference was produced for only two years from 1968 to 1971.

A small series of this model was made by special order for “IOS”, the Investors Overseas Services mutual fund founded by Bernie Cornfeld and presented to their best clients, the members of the Million Dollar Associate, Investors Overseas Services Ltd. Mr. Cornfeld, renowned for an eccentric personality, moved from the United States to France in 1955, and then set up IOS headquarters in Geneva, Switzerland, in the 1960’s. The empire crashed in 1973 resulting in the arrest and trial for mismanagement for Cornfeld, for which he was later acquitted.

The special belt-like bracelet with buckle were made especially for this reference.