The Hong Kong Watch Auction: TWO | Page 190

Property From an International Collector ∑ 157. Patek Philippe A fine and rare platinum and diamond-set perpetual calendar chronograph wristwatch with moon phases, 24 hours, leap year indicator, additional case back, original certificate and fitted presentation box 百達翡麗,精細及罕有,鉑金鑲鑽石腕錶,配萬年曆、計時功能、月相、24小時及閏年顯 示,型號3970,附證書、底蓋及盒子,1998年製 Manufacturer Year Patek Philippe 1998 Reference No. Movement No. Case No. Material Calibre 3970 3’045’767 4’025’552 Platinum and diamonds Mechanical, CH 27-70 Q, 24 jewels Bracelet/Strap Black Patek Philippe crocodile leather strap Clasp/Buckle Platinum Patek Philippe deployant clasp Dimensions 36.5 mm. diameter Signed Case, dial and movement signed Estimate HKD 650,000-850,000 USD 80,000-106,000 Accessories With Patek Philippe Certificate of Origin dated 3 January 2000, additional case back, setting pin, product literature, sales tag, leather wallet, fitted presentation box and outer packaging. Furthermore delivered with Patek Philippe Extract from the Archives confirming production of the present watch with black dial and diamond-set numerals in 1998 and its subsequent sale on 11 June 1998. HK_WATCHES_MAY16_140-211.indd 188 First introduced in 1986, reference 3970 enjoyed a production run until 2004, when the reference was discontinued. During its reign, the 3970 underwent three major transformations. Watches from the first generation of 3970 were fitted with a snap solid back. However, clients soon wanted to see the movement in action, so Patek Philippe created a version with a sapphire crystal case back, named 3971. Patek Philippe finally created the third generation, 3970E, where étanche meant waterproof. The present example, 3970E, presented as a full set with original certificate, additional case back, setting pin, product literature, fitted presentation box and outer packaging, is among the later examples manufactured by Patek Philippe. The watch is fresh to the market, furthermore fitted with a rare and attractive diamond-set black dial. The watch is in extremely well preserved condition with sharp hallmarks to the side of the lugs. The lugs themselves with very good proportions and very good fluting, overall an exceptional example. 22/04/16 15:03