Hong Kong, Nov 25, 2022
LOT 27
PATEK PHILIPPE FOR “IOS”
REF. 3565 / 1, SELF-WINDING, DATE, “IOS”; 18K YELLOW GOLD
HKD 23,900 - 47,700
EUR 3,100 - 6,100 / CHF 3,000 - 6,000 / USD 3,100 - 6,100TO BE SOLD WITHOUT RESERVE
Sold: HKD 47,500
18K yellow gold, self-winding, round-shaped, gentleman’s wristwatch, with snap-on case-back; gold colour dial with radial Roman numerals, “IOS” logo at 6 o’clock, and one horological complication:
· Instantaneous date of the month (aperture et 3 o’clock)
Case-back engraved with the mention “IOS / Million Dollar · Associate ·”.
| Grading System | |
|---|---|
Grade: AAA |
Excellent |
Case: 3-9 |
Good Scratched |
Movement: 3* |
Good Overhaul recommended, at buyer's expense |
Dial: 3-01 |
Good HANDS Original |
Brand Patek Philippe, Geneva
Model made for “IOS” (the Million Dollar Associate, U.S.A.; 1955-1973)
Reference 3565 / 1
Year circa 1970
Movement No. 1 129 321
Case No. 2 674 397
Material 18K yellow gold
Bracelet brown leather strap
Buckle gilded metal buckle
Diameter 35 mm.
Caliber 27-460 M, adjusted to heat, cold, isochronism and 5 positions, “Poinçon de Genève” (Geneva Quality Hallmark or Geneva seal), 37 jewels
Signature dial, case and movement
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.
Most of the watches of this reference made for “IOS” are equipped with an unusual integrated belt-shaped 18K yellow gold strap with a specific buckle specially and uniquely made for this model.