Lot 358
  • 358

Patek Philippe

Estimate
80,000 - 120,000 CHF
Sold
293,000 CHF
bidding is closed

Description

  • A FINE AND IMPORTANT YELLOW GOLD AUTOMATIC PERPETUAL CALENDAR WRISTWATCH WITH MOON-PHASES
    REF 3448 MVT 1119511 CASE 332869 MADE IN 1977
  • yellow gold
• cal. 27-460 Q automatic nickel lever movement stamped with the seal of Geneva, 37 jewels • silvered matte dial, applied faceted yellow gold baton numerals, day and month apertures in English below 12 o'clock, subsidiary dial for date combined with phases of the moon • 18k yellow gold circular case, snap-on case back • case, dial, and movement signed • with an 18k yellow gold Patek Philippe buckle

Provenance

Andy Warhol, New York
Sotheby's, The Andy Warhol Collection Part II, 4th December 1988, lot 266

Catalogue Note

In late April of 1988, Sotheby's New York headquarters on York Avenue was abuzz with activity. After months of diligent research and cataloguing, a team of staff members, drawn from 27 different curatorial departments, had completed the preparations for one of the most important and talked-about sales of the decade. A significant portion of property belonging to the estate of Andy Warhol, who had passed away the previous year, was poised for the auction block. The deluge of artwork, clothing, decor and other artefacts on offer had been parsed into no less than 10,000 lots. Even Warhol's 1974 Rolls-Royce Silver Shadow was up for grabs.
But apparently there was more. In late June the townhouse was cleaned out as it was up for sale. While taking out the furniture two curators discovered a secret storage in an old filing cabinet that Warhol used to store his unframed drawings and prints in. The discovery of the hidden space was only made after the drawers had been removed. Next to unmounted gemstones, Art Deco jewellery by Cartier and Van Cleef & Arpels, more recent pieces by Peretti and Schlumberger as well as back then contemporary pieces from Seaman Schepps and David Webb the treasure also included almost 100 pocket and wristwatches from Patek Philippe, Rolex, Audemars Piguet, Cartier and other well-known watchmakers. The items were stored in paper bags, jewellers' boxes or lay loose in the compartment and displayed Warhol’s interest and fascination in colour, shape and design.
The present watch was sold on December 4th 1988 as lot 266 as the most expensive wristwatch with an estimate of 15.000 – 25.000 USD. Since the auction, the watch has remained with the present owner and was very well preserved. Thus the condition is nearly untouched, proven by the very sharp lugs, the clear hallmarks and the very well-preserved case. 
Reference 3448 is one of the best known perpetual calendar models by Patek Philippe. It is also one of the most easily recognizable designs thanks to its angular, architectural shape and typical silvered dial with faceted indexes. 
This wristwatch combines the excellence of watchmaking with an outstanding provenance. For connoisseurs of Patek Philippe wristwatches, admirers of Warhol’s Pop Art or just as a must-have relic from Andy Warhol himself, this watch is a must have item.
Close