Patek Philippe - The Hong Kong Watch Auction: SEVEN Hong Kong Monday, November 26, 2018 | Phillips

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  • Manufacturer: Patek Philippe
    Year: 1960
    Reference No: 3423
    Movement No: 708’295
    Case No: 2’611’133
    Material: 18k yellow gold
    Calibre: Manual, cal. 27SC, 18 jewels
    Bracelet/Strap: Alligator
    Clasp/Buckle: 18k yellow gold buckle
    Dimensions: 34mm. Diameter
    Signed: Case, dial and movement signed
    Accessories: With original Certificate of Origin, Patek Philippe presentation box and original invoice from Holzer Y Cia., SA, Mexico City, and dated June 13, 1960. Further delivered with Extract from the Archives confirming production of the present watch in 1960 and its subsequent sale on May 28th, 1960

  • Catalogue Essay

    Patek Philippe’s reference 3423 fits nicely into the brand's oeuvre of the mid-20th century. It is a clean classic dress watch that served well as an everyday watch for men of style and distinction. The 34mm diameter Baumgartner case was advertised as waterproof, and in fact while the original certificate reads waterproof, the case back is a snap on, and while not fully waterproof, it may be more water resistant than other examples from the period. The reference was released in 1958 and was still listed in the firm’s books until 1970. Early examples like the present watch, featured a “parachute” dial with hard enamel sectors and signature. By 1964, Patek Philippe made a simpler dial removing the enamel sectors. The reference 3423 was made in yellow, pink and white gold with the majority made in yellow gold.

    The present wristwatch comes to auction for the first time from the family of the original owner. Remarkably, the watch remains in extremely nice original condition. While the watch has been serviced in the past, it has not been subject to senseless polishing. The case retains strong proportions, the hallmarks are clear and a hand-etched, presumably the retailer's inventory number, under the lug remains crisp as well. The early “parachute” dial adds a very 1950s/1960s contemporary vibe reminiscent of Gilbert Albert and his “Ricochet” designed pocket watches and wristwatches. The lovely condition is enhanced by the presence of the original Certificate of Origin and dated invoice from Holzer Y Cia. SA, Mexico listing the movement number.

  • 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. 3423
A rare and attractive yellow gold wristwatch with original Certificate of Origin, presentation box and original invoice

34mm. Diameter
Case, dial and movement signed

HK$65,000 - 85,000 

Sold for HK$93,750

Contact Specialist

Thomas Perazzi
Head of Watches, Asia
+852 2318 2001

Ziyong Ho
+852 9386 2032

Jill Chen
+852 2318 2033

The Hong Kong Watch Auction: SEVEN

Hong Kong Auction 27 November 2018