The Mondani Collection of Rolex Wrist...

Geneva, May 14, 2006

LOT 642

Ref. 3970E ?Yellow Gold Two Tone Dial? Patek Philippe, Genève, No. 875989, case No. 2900838, Ref. 3970E. Sold on December 20, 1991. Very fine and equally rare, astronomic, 18K yellow gold gentleman's wristwatch with round button chronograph, register, perpetual calendar, moon phases and an 18K yellow gold Patek Philippe buckle. Accompanied by a mahogany fitted box and a certificate of origin.

CHF 100,000 - 120,000

EUR 65,000 - 75,000 / USD 80,000 - 90,000

Sold: CHF 118,000

C. Three-body, solid, polished, screwed-down transparent case back, concave bezel, curved and fluted lugs, sapphire crystals. D. Matte silver with applied yellow gold bâton indexes, subsidiary "guilloché" dials for the seconds and the two-tone 24 hours, the 30- minute register and the leap year, graduation for the days of the month, outer 1/5th seconds scale, aperture for the days of the week, the months and the moon phases. Yellow gold "bâton" hands. M. Cal. 27- 70 Q, stamped with the Seal of Geneva Quality Mark, rhodium-plated, "fausses côtes" decoration, 24 jewels, straight line lever escapement, Gyromax balance adjusted to heat, cold, isochronism and 8 positions, shock absorber, self-compensating free-sprung Breguet balance-spring. Dial, case and movement signed. Diam. 36 mm. Thickness 13 mm.


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Grading System
Grade:
Case: 3

Good

Movement: 2

Very good

Dial: 2-01

Very good

HANDS Original

Notes

Ref. 3970/ 3971 (1986-2005) The 3970 was introduced, for Patek Philippe?s 150th anniversary, to replace the successful model Ref. 2499, which had been produced from 1951 to 1985. Thanks to the explosive popularity of collecting vintage Patek Philippe wristwatches during the early 1980s, collectors had discovered the extreme rarity and enduring value associated with these timepieces. In a rare breach of Patek?s legendary secrecy, it was discovered that fewer than 400 pieces of Ref. 2499 timepieces, including the last evolution, the Ref. 2499/100, had been manufactured during the model?s entire production. Patek Philippe also sensed the need for a more modern design of its flagship model, which had only undergone minor design revisions over a 30-year period. Antiquorum?s 1989 thematic auction ?The Art of Patek Philippe?, signaled the start of the company?s growing popularity among watch enthusiasts. Although Patek Philippe had always cultivated a discerning, loyal clientele, it was never a high profile brand. That changed dramatically as affluent individuals began purchasing modern Patek Philippe wristwatches to wear and enjoy. Consequently, thanks to the successful market of the late 1980s, the Ref. 3970 became a ?best seller? for Patek Philippe. Amazingly enough, only a handful of collectors recognized the true scarcity of certain variations for this watch, in particular, the endless possibilities for collecting Ref. 3970 by dial variation or different styled indexes and/or hands.