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Christie’s to auction previously unknown Patek Philippe watch

by Philip Kaspar
26 October, 2011
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Philip is widely travelled and has worked as a freelance journalist covering several topics including fashion, travel and watches. He also spent five years in the heart of the Swiss watchmaking industry in La Chaux de Fonds. Philip reports on all the latest watch news and is our WatchCrime reporter.

Patek-Philippe-Ref-3448-pink-gold-with-box-and-papers-500x404

If October was a very, very good month for you, you might want to consider heading over to Geneva for Christie’s November sale of Important Watches.

The event will showcase one of the most impressive roll-calls of Patek Philippe watches ever seen at auction.

Some 130 watches by Patek Philippe are going to be offered, out of which 26 are vintage complicated wristwatches, possibly the largest number ever assembled in a various owners sale to date.

Christie’s catalogue will also feature an extraordinary array of more than 60 watches by Rolex alongside one of the most appealing selections of contemporary wristwatches, with over 100 lots offered without reserve.

Standing out among the many highlights is the recently discovered and previously unknown pink gold Patek Philippe reference 3448, manufactured in 1968 and which is estimated at $568,327 – $1,136,55.

The sale will include more than 420 lots overall and is expected to realise a total in excess of $16 million.

The best auction yet

Aurel Bacs, International Head of Christie’s Watch Department commented:

“Christie’s November watch sale looks like one of the most beautiful and exciting my team and I ever managed to put together, both in terms of quality and variety. We are particularly proud to offer the pink gold Patek Philippe ref. 3448 wristwatch manufactured by the renowned Swiss makers in 1968, the most significant discovery in the world of vintage wristwatches this year”.

Patek Philippe Ref 3448 in pink gold

Patek Philippe Ref 3448 in pink gold

On November 14, Christie’s Watch will present the strongest, broadest and richest auction of vintage and contemporary complicated Patek Philippe wristwatches. The world’s most prominent watch collectors will be anxiously phoning in bids to Christie’s Geneva when the previously unknown pink gold version of Patek Philippe ref. 3448 comes up for auction.

The watch belongs to a private owner and has never been shown or publicly offered for sale. In fact, for the last 40 years, scholars, dealers and collectors speculated as to why Patek Philippe only made this model in yellow and white gold and two examples in platinum but never one in pink gold.

The Patek Philippe Ref 3448 up for auction has survived in pristine condition and is accompanied by its original certificate, a rarity in itself. Expect Lot 88 to be fiercely fought over by the world’s most ardent collectors.

Rare Rolex watches

Rolex Oyster Ref 3525

Christie’s will also present watches by Rolex including some of the most famous classics and some of the rarest niche-models created in the 1930s, 40s and 50s: from Precision models to ultra-rare chronographs.

One watch in particular has never been seen on the auction block before.

The group of watches from this section of the sale is highlighted by a flawless Oyster chronograph, ref. 3525, manufactured by Rolex in 1945 in the rare pink gold variant. This example has survived in virtually untouched condition and is to be considered the finest example available from this series (estimate:$113,665 to $170,498).

Of course in the likely event that these watches are way beyond your budget, you can simply go online to Christie’s and place a bid on any of the 420 plus superb watches and pocket watches that grab your attention.

Philip Kaspar | Website

Philip is widely travelled and has worked as a freelance journalist covering several topics including fashion, travel and watches. He also spent five years in the heart of the Swiss watchmaking industry in La Chaux de Fonds. Philip reports on all the latest watch news and is our WatchCrime reporter.

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