Patek Philippe - The New York Watch Auction: EIGHT New York Saturday, June 10, 2023 | Phillips

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  • Manufacturer: Patek Philippe
    Year: Circa 2006
    Reference No: 3940G-013
    Movement No: 3’128’777
    Case No: 4’348’974
    Material: 18K white gold
    Calibre: Automatic, cal. 240, 27 jewels
    Bracelet/Strap: Crocodile
    Clasp/Buckle: 18K white gold Patek Philippe deployant clasp
    Dimensions: 36mm Diameter
    Signed: Case, dial, movement and clasp signed
    Accessories: Accompanied by Patek Philippe Certificate of Origin dated February 13, 2008, leather folio, product literature, leather self-winding presentation box, additional solid back, 18K white gold setting pin, and outer packaging. Further accompanied by Patek Philippe Extract from the Archives confirming production of the present watch in 2006 and its subsequent sale on July 18th, 2006.

  • Catalogue Essay

    First launched in 1985, reference 3940 replaced the existing perpetual calendar wristwatch, the reference 3450. Featuring a circular-shaped case, the watch presented a decidedly more "modern" and less angular appearance than its predecessor. At the time of manufacture, it was amongst one of Patek Philippe's longest running references ever produced, ceasing production in approximately 2007. The reference was cased predominantly in yellow gold, as well as pink gold, white gold, and platinum.

    The reference 3940 was executed in three different series (and a very small “pre-series”):
    - Pre-series: 25 numbered Beyer pieces with gilt dial
    - First series: without second case back, sunken sub dials, 24-hour counter two-tone
    - Second series: with second back (all but platinum), sloped sub dials, 24-hour counter two-tone
    - Third series: with second back (all but platinum), sloped sub dials, monochrome 24-hour counter

    The present watch falls within the serial number range for the third series - one of the earliest serial numbers to coincide with the third series, but features the two-tone 24-hour counter typical of the first and second series. We can then hypothesize that the present watch is a "transitional" example with features from the end of the second series and beginning of the third series.

    Preserved in like new condition, this reference 3940 is offered for the first time at auction directly from the original owner, who purchased it in 2008 - after the discontinuation of the model. With crisp case hallmarks beneath the lugs, and a clean, well-preserved dial, this lovely example is sure to please any collector and offers an excellent opportunity to own a desirable version of a classic perpetual calendar timepiece.

  • 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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Σ113

Ref. 3940G-013
A rare and extremely well-preserved white gold perpetual calendar wristwatch with moon phase, Certificate of Origin, additional solid back, hang tag, and presentation box

Circa 2006
36mm Diameter
Case, dial, movement and clasp signed

Estimate
$25,000 - 50,000 
CHF22,500-45,100
€23,200-46,500
HK$196,000-392,000
S$33,600-67,200

Sold for $76,200

Contact Specialist

Paul Boutros
Head of Watches, Americas
+1 (212) 940-1293
WatchesNY@Phillips.com
 
Isabella Proia
Head of Sale, New York
+1 (212) 940 1285
iproia@phillips.com

The New York Watch Auction: EIGHT

New York Auction 10 - 11 June 2023