Only Online Auction
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.