Patek Philippe - The New York Watch Auction: SEVEN New York Saturday, December 10, 2022 | Phillips

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  • Manufacturer: Patek Philippe
    Year: 1985
    Reference No: 3940
    Movement No: 770’067
    Case No: 2’823’622
    Material: 18K yellow gold
    Calibre: Automatic, cal. 240Q, 27 jewels
    Bracelet/Strap: Leather
    Clasp/Buckle: 18K yellow gold Patek Philippe buckle
    Dimensions: 36mm Diameter
    Signed: Case, dial, movement and buckle signed.
    Accessories: Accompanied by a Patek Philippe setting pin. Further accompanied by Patek Philippe Extract from the Archives confirming production of the present watch in1985 and its subsequent sale on December 16th, 1985.

  • Catalogue Essay

    Patek Philippe’s reference 3940 was released in 1985 as a replacement to the reference 3450 with a newly designed modern case, which was less angular than its predecessors. Powered by the all-new, ultra-thin caliber 240, Patek Philippe’s first movement to use a micro-rotor, it enabled an elegant and very thin case that fit tightly to the wrist. In production for over two decades, the reference 3940 was a smashing success, and appealed to a new generation of enthusiasts who wanted to advance beyond their fathers’ timepieces.

    The wristwatch was encased predominately in yellow gold, with fewer examples in pink and white gold, and very rarely in platinum. In 1985, the first 25 watches were produced to celebrate the 225th anniversary of the famed retailer Chronometrie Beyer in Zürich with numbered watches. That same year, the brand began standard production of the reference and continued to produce it until 2007 when they replaced the 3940 with the reference 5140 powered by the same caliber 240 movement, but with a case measuring 37mm in diameter.

    The present watch from 1985 is part of the first series of the reference 3940, which was produced only during the first three years. These early watches featured flat, sunken subsidiary dials giving them a pleasing vintage look, and a single leap year indicator compared with later models having a cross dividing the four sectors. Fresh to the market and consigned by the original owner, this reference 3940 is sure to please any collector. It offers an excellent opportunity to own a coveted, “first series” 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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Ref. 3940
A fine and attractive “first series” yellow gold perpetual calendar wristwatch with moon phase, 24-hour and leap year indication

36mm Diameter
Case, dial, movement and buckle signed.

$20,000 - 40,000 

Sold for $90,720

Contact Specialist

Paul Boutros

Head of Watches, Americas

+1 (212) 940-1293


Isabella Proia

Head of Sale, New York

+1 (212) 940 1285


The New York Watch Auction: SEVEN

New York Auction 10 - 11 December 2022