Important Modern and Vintage Timepieces

Hong Kong, Oct 23, 2011

LOT 156

PATEK PHILIPPE REF. 3970E PLATINUM Patek Philippe, Genève, movement No. 3046114, case No. 4103674, Ref. 3970EP. Made in 2000, sold in August, 2000. Very fine and important, water-resistant, platinum wristwatch with black diamond-set dial, round button chronograph, register, perpetual calendar, moon phases, leap year, 24-hour indication and a platinum Patek Philippe deployant clasp. Accompanied by the mahogany box, Certificate of Origin setting pin and a spare solid platinum case back.

HKD 880,000 - 980,000

USD 110,000 - 125,000 / EUR 80,000 - 90,000

Sold: HKD 980,000

C. Three-body, solid, polished, concave bezel, fl uted lugs, transparent screwed-down case back, sapphire crystals. D. Black with 10 round and 1 baguette diamond-set applied white gold indexes, subsidiary dials for the seconds, the 30-minute register, the days of the month, the 24 hours and the leap year, apertures for the days of the week, the months and the moon phases. White gold baton hands. M. Cal. CH 27-70/155, stamped with the Seal of Geneva quality mark, rhodium-plated, fausses cotes decoration, 24 jewels, straight-line lever escapement, Gyromax balance adjusted to heat, cold, isochronism and 8 positions, shock absorber, free-sprung self-compensating 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: 1*

As new

Overhaul recommended, at buyer's expense
Dial: 1-01

As new

HANDS Original

Notes

Ref. 3970 (1986-2005) This Reference was introduced for Patek Philippe's 150th anniversary in replacement of Ref. 2499, which was produced from 1951 to 1985. The Series: As a general rule, the Ref. 3970 was produced in 18K white, rose, yellow gold, and platinum, with the latter being the rarest. The fi rst series featured a 36 mm. case with snap-on case back. This model was produced in fewer than 100 examples from 1986. The second series of Ref. 3970 also featured the 36 mm. case, but with a solid screw back. After the second series, Patek Philippe introduced the Ref. 3971, similar in design to the 3970 but with a sapphire crystal display screw back. The third series, Ref. 3970E (E stands for "etanche", meaning waterproof), was housed in the same 36 mm. case. Because of numerous special order requests, Patek Philippe took the opportunity to feature the 3970E with both a solid gold screw back and a sapphire crystal display screw back. It is probably the most common of the three series. The Dials: When Ref. 3970 was fi rst introduced, Patek Philippe would occasionally accommodate a special customer?s request for a custom dial. This resulted in some interesting and extremely rare case/dial combinations. The fi rst generation dial of these references was offered in two-tone silver with baton markers. The dials may be variously described as satiné silver or opaline silver. The second generation dial is silver (not two-tone as in the fi rst generation) and features the same baton markers, but the font used on the dial is slightly different, and the date wheel is sans serif. The third generation dial is silver, but with darker printing and triangular markers. The platinum and 18K white gold Ref. 3970's were also available with a black dial, and/or diamond markers or white gold/platinum indices (the latter being much rarer). There are a very small number of ref. 3970?s in 18K yellow gold with silver diamond dials; such watches are extremely rare. The Hands: The earlier models (fi rst generation) had leaf hands, whereas later models (second generation) had baton hands. One extremely rare variation on the Ref. 3970 has been seen with dauphine hands. The Movements: The Ref. 3970 was fi tted with the 27-70 caliber throughout its entire production. The number system changed during the mid 1990s' from a six digit serial number beginning with 875 to a seven digit serial number beginning with 304. This Ref. was no longer featured in the catalogues as of 2005.