Patek Philippe - The Geneva Watch Auction: XV Geneva Saturday, May 7, 2022 | Phillips

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  • Manufacturer: Patek Philippe
    Year: 1983
    Reference No: 3450
    Movement No: 1'119'644
    Case No: 558'569
    Model Name: "Padellone"
    Material: 18K yellow gold
    Calibre: Automatic, cal. 27-460 Q, 37 jewels, stamped twice with the Geneva Seal
    Bracelet/Strap: Leather
    Clasp/Buckle: 18K yellow gold Patek Philippe pin buckle
    Dimensions: 37.5mm
    Signed: Case, dial, movement and buckle signed
    Accessories: Accompanied by Patek Philippe Certificate of of Origin code-dated March 1983 and later burgundy electric automatic winding presentation box and outer packaging. Furthermore accompanied by Patek Philippe Extract from the Archives.

  • Catalogue Essay

    With the advent of the 1960s, taste in watches shifted and we see that the 1960s to the 1980s are dominated - in stark contrast with the production of the first half of the century - by timepieces with clean dials and elaborate cases defined by sharp edges and corners, surprising - sometimes “over-the-top” - case architectures and at times intricate metalworks (bas-relief, engravings, guilloché patterns etc.).

    Launched in 1981, ref. 3450 is the successor to ref. 3448, Patek Philippe's very first automatic perpetual calendar wristwatch. While aesthetically similar to its ancestor, it most notably features a leap year indication on the dial. In addition, its caseback is slightly smaller and is fitted with a "lip", enabling it to be easily removed. It is the first serially made Patek Philippe wristwatch featuring leap year indication allowing for an enormously simplified calendar setting procedure: earlier models required a potentially very lengthy synchronization procedure to manually identify the leap year and then advance to the current year in the cycle.

    The case design of the model dates back to the 1960s (ref. 3448 was launched in 1962) and it is an ode to timelessly futuristic design: the dial is airy and clean and the aesthetic impact of the watch is entrusted to the sculpted case defined by the straight, angular lugs, the large polished sloped bezel (thus its Italian nickname “Padellone” - meaning “big pan”) and the satin-finished band.

    Technically, the model represents one of the unchallenged pinnacles of watchmaking. It is powered by cal. 27-460Q, the perpetual (Q: Quantième) upgrade of calibre 27-460 which is considered one of the best - if not the best - automatic movement of all times. It represents the final (and surprisingly not so well known) evolution of the famous cal. 12-600, the first Patek Philippe automatic movement. As Rolex held the patent for the automatic rotor, Patek Philippe patiently waited for its expiration and in the meanwhile put their R&D department to work, for decades, on an automatic movement. The resulting cal. 12-600 was already superb, but Patek Philippe strove to make it even better. When the company deemed to have gotten as close to perfection as possible, they renamed cal. 12-600 as cal. 27-460. Thus, this is the most complex (perpetual calendar) variation of the final evolution of what is considered the most advanced vintage (and, according to some, of all times) automatic movement.

    Also due to its short run (1981 - 1985) Patek Philippe produced very limited quantities of reference 3450, typically casing the model in yellow gold. To date, scholars estimate that Patek Philippe produced only 237 examples in total, making it one of the rarest Patek Philippe perpetual calendar models ever produced in series.

    The present models distinguishes itself not only for its remarkable condition, but most notably for the presence of its original Certificate, greatly amplifying its collectability.

  • Artist Biography

    Patek Philippe

    Swiss • 1839

    Since its founding in 1839, this famous Geneva-based firm has been surprising its clientele with superbly crafted timepieces fitted with watchmaking's most prestigious complications. Traditional and conservative designs are found across Patek Philippe's watches made throughout their history — the utmost in understated elegance.

    Well-known for the Graves Supercomplication — a highly complicated pocket watch that was the world’s most complicated watch for 50 years — this family-owned brand has earned a reputation of excellence around the world. Patek's complicated vintage watches hold the highest number of world records for results achieved at auction compared with any other brand. For collectors, key models include the reference 1518, the world's first serially produced perpetual calendar chronograph, and its successor, the reference 2499. Other famous models include perpetual calendars such as the ref. 1526, ref. 3448 and 3450, chronographs such as the reference 130, 530 and 1463, as well as reference 1436 and 1563 split seconds chronographs. Patek is also well-known for their classically styled, time-only "Calatrava" dress watches, and the "Nautilus," an iconic luxury sports watch first introduced in 1976 as the reference 3700 that is still in production today.

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Ref. 3450
A highly elegant, scarce and collectible yellow gold automatic wristwatch with perpetual calendar, leap year indication, moonphases and Certificate

Case, dial, movement and buckle signed

CHF150,000 - 300,000 

Sold for CHF315,000

Contact Specialist

Alexandre Ghotbi
Head of Watches, Continental Europe and the Middle East

+41 22 317 81 81

Tiffany To
Head of Sale, Geneva

+41 22 317 96 63

The Geneva Watch Auction: XV

Geneva Auction 7 - 8 May 2022