Important Modern & Vintage Timepieces

Hong Kong, May 31, 2025

LOT 159

PATEK PHILIPPE, REF. 3448, PERPETUAL CALENDAR, 18K YELLOW GOLD

HKD 900,000 - 1,800,000

EUR 104,000 - 206,000 / CHF 97,000 - 194,000 / USD 116,000 - 232,000

A n extremely rare and fine 18K yellow gold self-winding perpetual calendar wristwatch with day, date, month and moon phases.


Grading System
Grade:
Case: 2-8

Very good

Slightly scratched

Movement: 2*

Very good

Overhaul recommended, at buyer's expense

Dial: 2-54-01

Very good

Service dial

HANDS Original

Brand Patek Philippe

Model Perpetual Calendar

Reference 3448

Year circa 1970

Movement No. 1119136

Case No. 325492

Bracelet leather strap with 18K yellow gold PP pin buckle

Diameter 37.5

Caliber 27-460 Q

Weight 67gr. (approx.)

Signature dial, case and movement

Accessories PP fitted box, certificate, Extract from the Archive dated 2019, sale invoice dated 1970, tag

Notes

The Patek Philippe Reference 3448, nicknamed “Padellone” (Italian for “large pan”) by collectors, stands as a landmark timepiece in horological history. As the first automatic perpetual calendar wristwatch produced in series (1962-1981), this example stands among just 450 crafted in yellow gold from a total production of 586 pieces.

This exceptional 37.5mm “Padellone” features remarkably clear and deep hallmarks on the back of its angular lugs—a testament to careful preservation. Most importantly, this example comes complete with its original box, original sale invoice dated in 1970, original certificate and extra from the archive. For the discerning collector, this represents not merely a timepiece but a museum-quality investment with impeccable provenance.