Important Collectors’ Wristwatches, P...

New York - The Fuller Building, Dec 07, 2006

LOT 394

Ref. 3448 ?Second Series? Patek Philippe, Genève, retailed by Gübelin, No. 1119125, case No. 325481, Ref. 3448, second series. Sold on Dec. 27, 1969. Very rare and very fine, astronomic, self-winding, 18K yellow gold gentleman's wristwatch with perpetual calendar, moon phases and an 18K yellow gold Patek Philippe buckle. Accompanied by the original box, certificate and various documents pertaining to the watch. To be sold without reserve

USD 90,000 - 120,000

EUR 70,000 - 95,000

Sold: USD 131,200

C. Three-body, solid, polished and brushed, inclined bezel, lapidated lugs. D. Matte silver with applied yellow gold baton and pyramidal indexes, outer dot minute graduation, graduation for the days of the month, apertures for the days of the week, the months and the moon phases. Yellow gold "dauphine" hands.M. Cal. 27-460 Q, stamped with the Seal of Geneva Quality Mark, rhodium-plated, "fausses côtes" decoration, 37 jewels, straight line lever escapement, Gyromax balance adjusted to heat, cold, isochronism and 5 positions, shock absorber, self-compensating free-sprung Breguet balance spring, 18K yellow gold rotor. Dial, case and movement signed. Diam. 37,4 mm. Thickness 12 mm.


LOADING IMAGES
Click to full view
Image

Grading System
Grade:
Case: 3-9

Good

Scratched

Movement: 2

Very good

Dial: 2-01

Very good

HANDS Original

Notes

The present lot comes from the heirs of its original owner and is accompanied by remarkably complete documentation: It was ordered in early Dec. 1969 from Gübelin?s store on Zürich?s famous ?Bahnhofstrasse?. The ?most complete watch in the world? did not arrive in time for Christmas, but was delivered to its happy new proprietor in January 1970, who enjoyed his wristwatch on a daily basis. The history is impressively documented in several letters from the retailer to the purchaser; all accompanying this lot. It further includes shipping invoices, the original hang tag of the watch and Gübelin ads, making it an extremely rare and most complete treasure, highly interesting to any serious Patek Philippe collector.
Ref. 3448
Produced in 586 examples from 1962 to 1982, with the caliber 27- 460 Q, the majority in yellow gold, rarely in pink or white gold. This series began with the serial number 1119000. Six watches of this reference are known to exist without the moon phases. During the 50s and 60s gold bracelets were fitted between lugs by means of a spring bar and were sold separately, thus not changing the reference of the watch. At the beginning of the 70s a new fashion was launched and more watches were proposed with an integrated gold bracelet. The Patek Phillipe reference then changed with an additional number after the four first digits, as follows: 3448/3, or 3448/15, and so on, depending on the bracelet design.
Gübelin
This company began in 1854 as a family business run by Maurice Breitschmid in Lucerne, Switzerland. He first advertised as a watchmaker, and as business grew, Breitschmid brought on his son-inlaw, Jacques-Edouard Gübelin, as a partner. Gübelin eventually took over the company. He introduced jeweled watches and jewelry to the business in 1921 at the opening of their New York branch, after collaborating with the jeweler Edmond Frisch. Gübelin also opened branches in St. Moritz, Zurich, Geneva, Berne, Lugano, and Basel. Gübelin?s sons eventually entered the family business; his eldest son, Dr. Edouard Gübelin, opened a gemological laboratory and made a name for himself internationally, while his youngest son, Walter, was drawn toward artistic expression and contributed to the company through his creative designs. This successful company has created superior quality clocks and watches for more than a century.