lot 51


Perpetual Calendar & Minute Repeater

Starting bid CHF 70 000

Hammer price (No buyer's premium) CHF 140 000
Total bids 22
Buyer’s premium will not be charged


CaseFluted yellow gold case 750/1000, with a sapphire caseback, slide repeater at 9 o'clock
StrapBlack Alligator strap, with a original yellow gold folding clasp
DialSilvered gold with painted radial Roman numerals, month indication at 12 o'clock, day indication at 3 o'clock, moonphase indication at 6 o'clock, day indication at 9 o'clock, blued Breguet hands
MovementRhodium-plated hand-wound movement with Geneva stripes, blued screws, minute repeater & perpetual calendar, "fausses côtes" decoration
Movement No.5164
Case No.3822 G

Condition report

Case:Very good, small signs of use
Strap:Very good, small signs of use
Dial:Very good, mint
Movement:Very good, all functions working properly
Amplitude (Dial on top/Lift angle 52):Approx 280°
Accuracy (Dial on top):Approx -20 sec/day


An extremely rare, charismatic and exquisite yellow gold double complication minute repeating and perpetual calendar wristwatch of the famous Swiss watch brand Breguet, founded in 1775. Estimated production period: 1994–1996. Case made of 18k yellow gold, diameter 37mm, sapphire caseback. 18k gold silver-plated dial with hand-made guilloché decoration. Caliber 567, hand-wound, Breguet overcoil hairspring, power reserve up to 40 hours. Functions – hours, minutes, minute repeater, perpetual calendar with indicators of date at 3 o’clock, day of the week at 9 o’clock, month and leap year at 12 o’clock, moonphase display at 6 o’clock. Breguet black leather strap, Breguet 18k yellow gold double folding clasp. 

Lot essay 

Reference 3737 is one of the most intriguing and rare references in modern Breguet history. It was released in the wake of the Ref. 3430 wristwatch of the historical Souscription set released in 1991, which, in addition to a wristwatch, included the Ref. 1819 pocket watch. As announced by the brand, the Souscription set was produced in a limited edition of 300 sets in gold or platinum. It was an ambitious release with the highly sophisticated Ref. 3430, featuring traditional minute repeater and perpetual calendar complications, and an extravagant self-winding pocket watch. At that time, only a few leading brands produced watches of such a level of complexity as Ref. 3430. 

Antiquorum estimates the circulation of the present reference to be only 5 examples.

Ref. 3737 was released as a modification of the reference 3430 from the Souscription set, albeit in much smaller numbers. Antiquorum estimates the circulation of the present reference to be only 5 examples. The extremely small production of Ref. 3737 is indirectly supported by the fact that, to our knowledge, this reference has only come up at auction once, at Antiquorum in Geneva in 1999. We estimate that this model was produced approximately from 1994 to 1996. 

Technically, it is almost the same model as the wristwatch presented in the Souscription set. Ref. 3430 from the Souscription set features a combined month and leap year single-hand indicator for a 48-month cycle at 12 o’clock, while the present model has two hands in a sub-dial at 12 o’clock – one for the 12-month indicator, and one for the leap year indicator. Both references are powered by the same hand-wound minute-repeater caliber 567, produced for the brand by the Nouvelle Lémania movement-blanks factory. Evidently, it was developed on the basis of classic pocket watch calibers from the Vallée-de-Joux, in a characteristic design with three straight bridges. It is the so-called ‘three-finger’ wheel-train bridge caliber. 

The sophistication and rarity of the mechanical functions of the minute repeater and perpetual calendar is complemented in this example by the classic artisanal Breguet guilloché dial, as well as the traditional finishing of the caliber

The finish of caliber 567 is upscale traditional, with Côtes de Genève on the bridges, perlage on the mainplate, chamfered and polished bevels, extremely difficult to finish sharp inner and outer corners, engraved and gilded inscriptions, and flat polished steel parts – including two black-polished repeater hammers. The flat spring ratchet of the barrel wheel should also be noted, something found extremely rarely in modern wristwatches and extremely highly appreciated by connoisseurs. The dial of the present example is of typical Breguet style. The silver-plated solid gold dial is decorated with guilloché of three motifs. The chapter ring and sub-dials’ rims are circularly brushed, with black pad-printed scales, inscriptions and Roman numerals complemented by blued steel ‘pomme de Breguet’ and counters’ hands. The yellow gold Empire style case completes the picture, creating a coherent image of Breguet’s high-end, super-complex wristwatch. 

Reasons to bid 

According to our knowledge only one example of this highly complicated minute repeating wristwatch has appeared at auction, so the present lot affords collectors the opportunity to acquire one of the rarest wristwatches, embedded with classic high complications of Breguet’s modern production. The Répétition Minutes Quantième Perpétuel Ref. 3737BA is an extremely rare, charismatic and exquisite watch from a world-famous traditional watch brand, one of the undoubted leaders in the haute horlogerie watch market. The sophistication and rarity of the mechanical functions of the minute repeater, the highest of the four traditional complications, and perpetual calendar, combining mechanical sophistication with a practical use, is complemented in this example by the classic artisanal Breguet guilloché dial, as well as the traditional finishing of the caliber, which significantly increase the perceived value of the watch and underscore the aesthetic character of this model, endowed with the finest signs of the famous Breguet style.