Important Modern & Vintage Timepieces
Hong Kong, Oct 27, 2019
LOT 443
PATEK PHILIPPE FOR IOS REF. 3562-1, INTEGRATED BRACELET; “IOS”; 18K YELLOW GOLD
HKD 52,000 - 60,000
CHF 6,500 - 7,500 / USD 6,550 - 7,550
18K yellow gold, manual-winding, round-shaped, gentleman’s wristwatch, with snap-on case-back; gold colour dial. Case-back engraved with the mention “IOS / Million Dollar · Associate ·”.
| Grading System | |
|---|---|
Grade: AAA |
Excellent |
Case: 3 |
Good |
Movement: 3* |
Good Overhaul recommended, at buyer's expense |
Dial: 3-01 |
Good HANDS Original |
Brand Patek Philippe
Reference 3562-1
Year Circa 1969
Movement No. 1 149 753
Calibre 23-300 PM
Case No. 2 676 171
Bracelet Integrated 18K yellow gold Patek Philippe bracelet and clasp (by Fr. Baumgartner, Geneva)
Diameter 32.8 mm
Length 215 mm
Signature Dial, Case and Movement
Accessories Extract from the archivies
Notes
The Extract from the Archives, dated September 19, 2019, mentioned that this watch was sold on December 5, 1969. 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.