Lot 242
  • 242

Patek Philippe

Estimate
80,000 - 120,000 USD
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Description

  • A FINE AND RARE LARGE 18K YELLOW GOLD AUTOMATIC PERPETUAL CALENDAR WRISTWATCH WITH MOON-PHASES1978 REF 3448 MVT 1119525 CASE 332893
  • Gold, alligator
  • diameter 37 mm
• cal. 27-460Q movement stamped twice with the seal of Geneva, 37 jewels, 18k rotor  apertures for day and date, subsidiary dial indicating date combined with fan-form aperture for moon-phases, outer painted minute track • sloped bezel, downturned lugs, snap back • case, dial and movement signed • 18k gold Patek Philippe buckle

Condition

The movement is running at the time of catalogue at the time of cataloguing and all of the calendar correctors are functioning, however it may require service soon. The dial is very clean with no visible imperfections. The case shows some minimal very light surface scuffs and is in unpolished condition, with exceedingly good definition to the shape and all marks throughout. Overall highly recommended and very nice condition for a vintage watch. The strap of this watch contains endangered species; please see Important Notices for further information. The strap of this watch contains endangered species; please see Important Notices for further information.
"In response to your inquiry, we are pleased to provide you with a general report of the condition of the property described above. All dimensions in catalogue descriptions are approximate. Condition reports may not specify mechanical replacements or imperfections to the movement, case, dial, pendulum, separate base(s) or dome. Watches in water-resistant cases have been opened to examine movements but no warranties are made that the watches are currently water-resistant. Please note that we do not guarantee the authenticity of any individual component parts, such as wheels, hands, crowns, crystals, screws, bracelets and leather bands, since subsequent repairs and restoration work may have resulted in the replacement of original parts. Since we are not professional conservators or restorers, we urge you to consult with a restorer or conservator of your choice who will be better able to provide a detailed, professional report. Prospective buyers should inspect each lot to satisfy themselves as to condition and must understand that any statement made by Sotheby's is merely a subjective, qualified opinion. Prospective buyers should also refer to any Important Notices regarding this sale, which are printed in the Sale Catalogue. In particular, please note it is the purchaser's responsibility to comply with any applicable import and export matters, particularly in relation to lots incorporating materials from endangered species.NOTWITHSTANDING THIS REPORT OR ANY DISCUSSIONS CONCERNING A LOT, ALL LOTS ARE OFFERED AND SOLD AS IS" IN ACCORDANCE WITH THE CONDITIONS OF BUSINESS PRINTED IN THE SALE CATALOGUE."

**Please be advised that bands made of materials derived from endangered or otherwise protected species (i.e. alligator and crocodile) are not sold with the watches and are for display purposes only. We reserve the right to remove these bands prior to shipping.

Important Notice regarding importation into the United States of Rolex watches
Sotheby's cannot arrange for the delivery of Rolex watches to the United States because U.S. laws restricts the import of Rolex watches. The buyer or a designated agent may collect the property in the country of sale."

Catalogue Note

With an Extract from the Archives confirming sale on December 8th, 1980.

The present example serves as the ideal study of how Ref. 3448 should look and feel; each line, corner and hallmark serves as testimony to the watch's pristine condition. This superlative condition is rare for any watch of its age, but truly a treasure when the piece belongs to such an sought-after and collectible reference.

With this piece, aficionados can see precisely how such a watch looked when it left the casemaker's bench in the Patek Philippe atelier some three and a half decades ago. It is being offered by the family of the original owner, and this is the first time the watch has been offered at auction.


The Ref. 3448 bears the distinction of a singular case design, which is substantial in its size and strikingly angular in its shape. Over decades of wear and use, many of the cases are polished, causing the sharp edges of the bezel to wear down, and the lugs to become rounded and even to shorten from their original length. It is a privilege to behold an example such as the present, and to feel sharp lines and edges in one's hands precisely as they were first drawn and created, as if the casemaker himself just completed the finishing touches.

The iconic Ref. 3448 represents the bridge between vintage and modern wristwatches. It was launched in 1962 and production continued for about 20 years. At that time, it was the only automatic perpetual calendar wristwatch on the market, and Patek Philippe's first watch with those features. Ref. 3448 underwent four main evolutions, each introducing a new variation on the design. The present example belongs to the final evolution, which is distinguished by its sapphire crystal and higher bezel built to accommodate it. Only 586 pieces were made in total.

For a similar model, see Huber, M. & Banbery, A., Patek Philippe Wristwatches, Vol. 2, pp. 288-289.