Yasuharu Abe's Patek Philippe Theory - 36th Edition - 2020/11/6-7 PHILLIPS Auction

Good evening everyone.

It was held in Geneva, Switzerland on November 6th (Friday) and 7th (Saturday).

Based on the results of the watch auction, I would like to write about Patek Philippe watches.

Since the event was held in Geneva, there were many watches that were more collectible than regular models and were considered antiques. I will choose some of the watches that caught my eye and talk about them.

*The price is the winning auction price plus a commission fee (26%).

*The Japanese yen rate will be based on the exchange rate on the day of the auction.

*CHF (SWISS FRANC) = 115.50 yen

*All images are from [PHILLIPS]

Lot.15 Nautilus Jumbo 18KWG Ref.3700/11

CHF 693,000 (JPY 80,415,500)

The first Nautilus Jumbo "Ref. 3700" is a watch that is hard to find on the market even with a SS (stainless steel) case, and the price remains high and stable. This is an extremely rare 18KWG (white gold) case, and comes with an original warranty, making it a very rare watch. Even though it was an auction, the price it sold for was surprising.

Lot.17 Nautilus Jumbo SS Ref.3700/1

CHF 189,000 (JPY 21,829,500)

This is the SS (stainless steel) case of the reference "Ref.3700/1", which is the earliest version of the first Nautilus Jumbo "Ref.3700". It is a highly collectible watch that comes with the original warranty and cork box. There is no doubt that this model is the source of the current popularity of Nautilus.

Lot.38 Chronograph 18KYG Ref.1463

CHF 302,400 (JPY 34,927,200)

This is the second chronograph produced from the early 1940s to around 1970, and is said to be the world's first waterproof chronograph. It has a very sturdy 18KYG (yellow gold) case, Breguet numerals applied indexes as mentioned in the archives, and a dial that has aged with atmosphere, which is very cool. Although it is an auction, I think the price is reasonable.

Lot.39 World Time 18KRG Ref.2523/1

CHF 4,991,000 (JPY 576,460,500)

The world time "Ref. 2523" was released in 1953 and is equipped with a two-crown system, with the crown at the 9 o'clock position moving the city disc. There are two references, "Ref. 2523" and "Ref. 2523/1". The "Ref. 2523/1" has a slightly larger case size and the lugs are attached flat to the case. According to the archives, this watch was manufactured in 1954. As the winning bid price suggests, there are very few existing examples, and it is said that there are less than 10 of them due to differences in materials and dial designs.

Lot.70 Calatrava SS Ref.96

CHF 378,000 (JPY 43,659,000)

This Calatrava "Ref. 96" has a very sturdy stainless steel case and a rare black sector dial that is so beautiful it's hard to believe it was made in 1937. The retailer, EBERHARD-MILAN, which is inscribed at the 6 o'clock position on the dial, is also a historic watch store. The movement "Cal. 12-120" that is originally installed has a small second hand at the 6 o'clock position, but this watch has been modified to have a center second hand, which is another reason why it is highly valued by collectors. The dial's features are also recorded in the archives, so the winning bid price was also satisfactory.

Lot.80 Perpetual Calendar Chronograph 18KRG Ref.5970R-001

CHF 157,500 (JPY 18,191,250)

Although it has been over 10 years since production ended, it is a cool watch with an excellent balance in every aspect. Commit has sold several PT (platinum) cases in the past, but has not handled an 18KRG (rose gold) case, so it is a watch that we would love to stock.

Lot.81 Perpetual Calendar Chronograph 18KYG Ref.2499

CHF 705,600 (JPY 81,496,800)

This watch is the third series of the second generation perpetual calendar chronograph, "Ref. 2499". With a beautiful dial with the BEYER name, a case that looks so new it's hard to believe it was made in 1977, and an original warranty, this watch is a reasonable price.

Lot.89 Chronograph Platinum Ref.5070P-001

CHF 170,100 (JPY 19,646,550)

The Ref. 5070P-001, released in 2008 to commemorate the 10th anniversary of the second chronograph with a Lemania-based movement, features a platinum case and blue dial, making it a very cool watch. It was only produced for about two years, and before you know it, it was selling for over 20 million yen on the market.

Lot.90 Perpetual Calendar Minute Repeater Platinum Ref.3974P-001

CHF 1,421,500 (JPY 164,183,250)

The Ref. 3974 was released in 1989 to commemorate Patek Philippe's 150th anniversary.
This model was produced for 11 years, but it is said that only eight PT (platinum) cases were produced. That alone makes it a rare watch, but this is almost the last one produced, and as stated in the archives, it has a special specification with Breguet numerals on the index and an upright black dial.

Lot.91 Perpetual Calendar Chronograph Platinum Ref.5020/1

CHF 585,900 (JPY 67,671,450)

The perpetual calendar chronograph "Ref. 5020" is also known by the nickname "TV Screen". Compared to the "Ref. 3970" that was produced at the same time, it was produced for a shorter period of time and is less likely to be seen on the market. It seems that it was not a very popular model when it was released, but now it is a watch that is known only to those in the know. Among them, this watch is an extremely rare model with a PT (platinum) case, an original bracelet made of the same material, and a salmon dial with diamond indexes. It is said that there are only three "Ref. 5020" with a PT (platinum) case and a salmon dial with diamond indexes in the world, and two of them are bracelet specifications.

*This appears to be the only watch that is noted in the archives as having an original bracelet.

Lot.103 Perpetual Calendar Chronosplit Platinum Ref.5004P-033

CHF 289,800 (JPY 33,471,900)

This is the popular perpetual calendar chrono split "Ref. 5004" with a black dial and diamond indexes, equipped with a Lemania movement. What is noteworthy about this watch is that it also comes with a special order white dial with diamond indexes. Of course, this kind of order is not available to everyone, but only to special customers recognized by Patek Philippe , so you can see that this watch is also extremely rare.

Lot.115 Nautilus Jumbo Diamond Bezel 18KYG Ref.3700/003

CHF 189,000 (JPY 21,829,500)

The Ref.3700/003 is a luxury version of the Nautilus Jumbo Ref.3700 with an 18KYG (yellow gold) case and a double-wrapped diamond set on the bezel. This is also an extremely rare watch, but it is a collector's piece that comes with an original warranty. I have seen the luxury version of the medium-sized Ref.3800 before, but this is the first time I've seen the jumbo version.

Lot.147 Perpetual Calendar Chronograph 18KYG Ref.2499

CHF 1,288,400 (JPY 148,810,200)

This watch is the second series of the "Ref. 2499," the second generation of perpetual calendar chronographs. The biggest change from the first series is the adoption of round pushers, but the tachymeter scale on the outer circumference of the dial has been retained, making it as popular as the first series. Like the first series, it is a rare watch with only a small number of units produced. What is particularly noteworthy about this watch is that it was owned by "John Goldberger," a well-known watch collector, and the case condition is said to be unpolished.

Lot.179 Perpetual Calendar Chronograph 18KYG Ref.1518

CHF 415,800 (JPY 48,024,900)

The Ref. 1518 was the first Patek Philippe watch to feature both a perpetual calendar and a chronograph. There are various theories, but it is said that 281 were produced between 1941 and 1954. The case diameter is 35mm, which is a small size today, but the combination of the upright Arabic indexes, leaf hands, tachymeter scale around the outer edge of the dial, a large crown that suits the case size, and square pushers gives it an indescribable presence. There are probably many different opinions, but even though it was the first perpetual calendar chronograph, it has a "complete design" that is typical of Patek Philippe .

summary

There were many other Patek Philippe watches on offer, but I have introduced the models that caught my eye, including the results.

As expected, when you take a look at overseas auctions, you can see a lot of interesting results, from extremely rare pieces to astonishing models.

Due to the effects of the coronavirus, I have not been able to participate in auctions for almost a year, but I hope to be able to participate in an auction again soon and see the exquisite Patek Philippe collection in person.

Articles like this have a huge impact on actual prices, and I also think they're simply interesting articles, so I'd like to continue reporting on them in the future.

See you soon! LOL