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  • Manufacturer: Patek Philippe
    Year: 1971
    Reference No: 3448
    Movement No: 1'119'209
    Case No: 328'525
    Material: 18K white gold
    Calibre: Automatic, 27-460 Q, 37 jewels, stamped twice with the Geneva seal
    Bracelet/Strap: Alligator
    Clasp/Buckle: 18k white gold Patek Philippe buckle
    Dimensions: 37.5 mm diameter
    Signed: Case, dial and movement signed
    Accessories: With Patek Philippe Extract from the Archives confirming production of the present watch in 1971 and its subsequent sale on November 2, 1971
    Literature: For another example of a reference 3448, however cased in yellow gold, please see Patek Philippe Museum Patek Philippe Watches, 2014 edition, Volume II, pages 296- 297

  • Catalogue Essay

    Reference 3448 was the first self-winding perpetual calendar wristwatch made by Patek Philippe and was introduced into the market in 1962. The watch was fitted with the new in-house calibre, the 27-460Q, which was patented by the firm. The cases were made by Antoine Gerlach, Key number 4. The well-known Geneva-based supplier was also the case maker specialised for “Calatrava” and “Modern” shape cases for Patek Philippe.

    According to literature, there were 586 examples manufactured, 130 were cased in white gold with only two examples in platinum, and only one example in pink gold known to date over the next 20 years. In 1981, reference 3448 was discontinued to make way for the reference 3450 with leap year indication.

    The present white gold "Padellone", the nickname given to the reference 3448 by Italian watch collectors, is a premium example of this timeless model. Fresh to the market and bought from an official Patek Philippe retailer in Zurich (Switzerland) in the early 70s, it is consigned by the family of the original owner. It has been preciously kept and wisely worn for over 40 years and it beautifully features elements of early 1970s production run.

    It is blessed with several attributes making it stand out from the larger field of references 3448. The dial features the right style seen on reference 3448 from circa 1971 to 1978 with a pearled minute divisions, applied gold indexes and large inverted date numerals around the moon, a rare detail that gives more appeal to every Patek Philippe collector. The offered lot is just few numbers away from the white gold “Padellone” offered in the Phillips New York “Winning Icons” sale with the exact dial and case details.

    Last but not least the inside bezel is engraved with “V II V”, Roman numerals for “525”, the last three digits of the case number. Another small detail that certifies the fully originality of the watch. The present watch is a stunningly crisp example, most probably never repolished, with sharp lines to the case and extremely well-defined lugs. Both hallmarks under the lugs, respectively at 1 o’clock and at 7 o’clock, are perfectly visible and absolutely in crisp condition.

    Fresh to the auction market, the present “Padellone” offers the best this reference can provide: rarity, looks, condition, and pleasure on the wrist.

  • 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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Σ834

Ref. 3448
A very fine and rare white gold perpetual calendar wristwatch with moon phases and inverted date numerals

1971
37.5 mm diameter
Case, dial and movement signed

Estimate
HK$1,600,000 - 3,200,000 
€177,000-353,000
$205,000-410,000

Sold for HK$3,220,000

Contact Specialist
Thomas Perazzi
Head of Watches, Asia
+852 2318 2030
[email protected]

Ziyong Ho
Specialist
+852 9386 2032
[email protected]

Jill Chen
Specialist
+852 2318 2033
[email protected]

The Hong Kong Watch Auction: SEVEN

Hong Kong Auction 27 November 2018