Yasuharu Abe's Patek Philips Theory - No. 85 - 11/5 11/7 [PHILLIPS] Auction Results

hello everyone.

Following on from last time, this time we will be talking about Patek Philippe watches based on the results of the PHILLIPS watch auction held in Geneva, Switzerland on Friday, November 5th and Sunday, November 7th.

*The price is the winning bid price plus commission (26%).
*The Japanese yen rate is based on the most recent exchange rate at the time of the auction.
*CHF (Swiss Franc) = 125.56 yen *All images are fromPHILLIPS .

Lot.77
Perpetual Calendar Chronograph 18KYG
Reference 3971

CHF 113,400 (JPY 14,238,504)

After the introduction of the "Ref.3970" (closed back specification) in 1986, the "Ref.3971" was born in response to customer requests for a skeleton back specification. After that, the "Ref.3970" had both a closed back and a skeleton back specification, and the "Ref.3971" is said to have been short-lived. Although it can be seen at auctions, there are surprisingly few units that come with a warranty, so I think the winning bid price took this into consideration. The baton-shaped indexes and leaf-shaped hands also give it a classic look.

Lot.106
Nautilus Power Reserve SS
Reference 3710/1A-001

CHF 88,200 (JPY 11,074,392)

The "Ref. 3710/1A-001" is a "jumbo" sized Nautilus with a power reserve display. It is said to have been produced from 1998 to around 2004-2005, but I think surprisingly many people are unaware of the existence of this watch. The one offered for sale this time seems to be in good condition, and the warranty date is October 2004, so it is a high-year model and highly recommended. Commit has a sales record, but considering the future potential, it might be interesting to buy a model like this.

Lot.107
Nautilus 18KYG
Reference 3800/1

CHF 100,800 (JPY 12,656,448)

This is the 18KYG (yellow gold) case of the Nautilus "medium" size "Ref. 3800". As described in the archives, the original dial is a slightly ivory-tinged white dial, but the point is that it has aged to a "custard" color. In the catalog, it has a stylish name, "Tropical Lemon" (lol). It has only been manufactured for about 20 years, but it is very interesting to see such aging, and it is a watch that you will likely grow attached to. Also, considering the rising price of the 18KYG (yellow gold) case of the "jumbo" size "Ref. 3700", this may be a watch that you can look forward to in the future.

Lot.121
Perpetual Calendar Split Second Chronograph SS
Reference 5004A-001

CHF 749,700(JPY 94,132,332)

The popular perpetual calendar split-second chronograph "Re.5004A-001" is equipped with a Lemania-based movement. This is a stainless steel model, with only 50 units produced between 1994 and 2010, and only a select few were allowed to buy it. What makes it even more rare is that it was delivered to the store in its unopened plastic (single-sealed) condition. This time, the winning bid was nearly 100 million yen, but considering its rarity and condition, it seems reasonable. This is one model that we would definitely like to handle at Commit in the future.

Lot.122
Perpetual calendar 18KWG
Reference 2497

CHF 2,813,000 (JPY 353,200,280)

Manufactured from 1951 to 1962, the Ref. 2438/1 is said to be the world's first model equipped with a center second hand and perpetual calendar. The Ref. 2438/1 has a screw-back case back, while the Ref. 2497 has a snap-back case back. Only three 18KWG (white gold) cases have been confirmed on the market, making them extremely rare. This particular Ref. 2497 is one of the earliest models produced, and the key point is that it comes with an original Patek Philippe 18KWG (white gold) bracelet made by Gay Flair. The winning bid was 350 million yen! It was a shocking amount, but considering its rarity, I think it's a reasonable price.

Lot.177
Perpetual calendar 18KYG
Reference 3450

CHF 252,000 (JPY 31,641,120)

The Ref. 3448 was released in 1962 and is said to be the world's first automatic movement equipped with a perpetual calendar. Following its success, this model, the Ref. 3450 (between the 3 and 4 o'clock positions on the dial), with a leap year display window was released in 1981. Due to the short production period and the small number of pieces, only 237 pieces, the good condition example that was put up for auction this time, which is probably unpolished, is unlikely to be seen at auctions.

Lot.182
Perpetual calendar chronograph 18KYG
Reference 1518

CHF 541,800 (JPY 68,028,408)

The Ref. 1518 was the first Patek Philippe watch to feature both a perpetual calendar and a chronograph. It is said that 281 pieces were produced between 1941 and 1954, and although the case diameter is 35mm, which is a small size today, it has an indescribable presence with its upright arabic indexes, leaf hands, tachymeter scale around the outer periphery of the dial, a large crown that is out of place with the case size, and square pushers. It is said that the majority of the watches produced were in YG (yellow gold) cases, and the rest in RG (rose gold). In addition to the original warranty, this watch also comes with copies of the invoices from four previous services provided by Patek Philippe. This is truly an auction piece worthy of a collection.

Lot.184
Perpetual calendar 18KYG
Reference 2497

CHF 365,400 (JPY 45,879,624)

This Lot.122 "Ref.2497" with an 18KYG (yellow gold) case is a rare piece with very good condition of the dial and case, and comes with an original warranty. It is also the only one produced with an 18KYG (yellow gold) case with a calendar in German. Incidentally, there is also only one 18KRG (rose gold) case with a calendar in German. I think this would also be a suitable piece for an auction.

Lot.214
Nautilus SS
Reference 3700/1

CHF 151,200 (JPY 18,984,672)

The first Nautilus was released by Gerald Genta in 1976. This is the "Ref. 3700/1", commonly known as "Jumbo", manufactured in 1978, which was one of the relatively early models. It is no exaggeration to say that it can now only be seen at auctions. Before you know it, the winning bid had risen to nearly 20 million yen, but considering the recent popularity of the Nautilus, this may be a low price.

Lot.239
Aquanaut Japan Blue SS
Reference 5066A-010

CHF 119,700 (JPY 15,029,532)

The Aquanaut "Medium" size "Ref. 5066A-010" was sold in 1998 for the Japanese market in a limited run of 1,000 pieces. The matte blue dial and the slightly burnt index and luminous hands create an exquisite atmosphere, and it goes perfectly with the tropical band (exclusive to this model) in the same color as the dial. To be honest, I never expected the hammer price to go this far. Moreover, since it is only an archive, I wonder how high it would have gone if it had come with a warranty! ? It has not been seen on the market recently, but it is only at auctions that results in such a result, and it is a dream come true.

Lot.240
Nautilus Platinum
Reference 3800P

CHF 252,000 (JPY 31,641,120)

The Ref. 3800P is a very rare platinum version of the Nautilus "medium" size Ref. 3800. I've seen many Patek Philippe models since I started working in the watch industry, but I've only seen one or two platinum-cased Ref. 3800s in the past. It goes without saying that this is a rare piece, but this one also comes with a warranty, making it a perfect piece for your collection.

Lot.243
Nautilus 18KWG
Reference 3800/3

CHF 176,400 (JPY 22,148,784)

Next up is the "Ref.3800/3" in 18KWG (white gold), a different material from the Nautilus "medium" size "Ref.3800". As noted in the archives, this is a rare model with 40 diamonds set in the bezel. Although not as rare as the Platinum case, I think there are very few of these on the market. Considering its future potential, this may be a model you should buy immediately if you come across it.

Lot.246
Nautilus Travel Time Chronograph 18KRG
Reference 5990/1R-001

CHF 352,800 (JPY 44,297,568)

The new 2021 model has already appeared at auction. With an 18KRG (rose gold) case and blue sunburst dial, it's no wonder it's popular. There is almost no distribution in Japan, so the winning bid price may be reasonable considering the international market price. This is one of the models that Commit wants to handle at all costs.

Lot.247
Perpetual Calendar Chronograph 18KYG
Reference 2499

CHF 1,482,000 (JPY 186,079,920)

This is the second series of the "Ref. 2499," the second generation of Patek Philippe's perpetual calendar chronograph. Featuring a tachymeter scale on the outer periphery of the dial and round chronograph buttons, this model is extremely popular along with the first series, and is a rare piece with a small number of units produced. Of particular note is the condition of the dial and case. It appears to have been stored in a safe with the utmost care for over 20 years, and is in incredible condition, even coming with a removable bracelet. I believe this piece is worthy of the winning bid of 200 million yen.

summary

What did you think.

This auction was also full of Patek Philippe watches, from antique models to current models, and it was very enjoyable. We will continue to report on the results of overseas auctions in our Patek Theory.

See you next time!

see you!