Important Modern & Vintage Timepieces

Geneva, Mar 15, 2015

LOT 384

ROLEX REF. 18038/18000 DAY-DATE MAHOGANY DIAL YELLOW GOLD Rolex, Oyster Perpetual, Day-Date, Superlative Chronometer Officially Certified, case No. 5535127, Ref. 18038/18000. Made in 1978. Very fine, center-seconds, self-winding, water-resistant, 18K yellow gold wristwatch with mahogany dial, day and date with a Rolex buckle. Accompanied by a box.

CHF 5,500 - 8,500

HKD 46,000 - 71,000 / USD 5,900 - 9,000

Sold: CHF 8,750

Three-body, solid, polished and brushed, screw-down case back and crown, fluted bezel, sapphire crystal with cyclops lens. Satine mahogany with applied yellow gold baton indexes, outer minute/seconds divisions, gold-framed apertures for the day of the week and quick-set date. Luminous yellow gold baton hands. Cal. 3055, rhodium-plated, oeil-de-perdrix decoration, 27 jewels, straight-line lever escapement, monometallic balance adjusted to 5 positions and temperature, shock absorber, self-compensating Breguet balance spring, Microstella regulating screws, hack mechanism.


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Grading System
Grade: AA

Very good

Case: 2

Very good

Movement: 3*

Good

Overhaul recommended, at buyer's expense

Dial: 1-01

As new

HANDS Original

Notes

Dial, case and movement signed. DIAM. 36 mm. THICKNESS 13 mm. ANTIQUORUM's 1989 thematic auction "The Art of Patek Philippe" signaled the start of the company's growing popularity among watch enthusiasts. 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. 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 1980's, 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 Ref. 2499 timepieces, including the final 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. When Patek Philippe first launched this new series of watches in 1986, Ref. 3970 was the model bearing a metallic back, while Ref. 3971 was equipped with a sapphire back. Very soon, the reference number of this model was standardized to Ref. 3970. In consequence, very few examples of the present watch bear Ref. 3971.