Patek Philippe Reference 3940 Men's Watch Hits $50,150 in Miller & Miller's Watches & Jewelry Auction
New Hamburg, Ontario, Canada, June 21, 2021 -/PressReleasePower/- A Patek Philippe Reference 3940 perpetual
calendar men’s watch with 18kt white gold case and clasp, one of the most
iconic perpetual calendar wristwatches available today, sold for $50,150 in
Miller & Miller Auctions, Ltd.’s online-only Watches & Jewelry auction
held June 12th. It was the top lot in a sale that grossed $305,354.
All prices quoted in this report
are in Canadian dollars and include an 18 percent buyer’s premium.
The Patek Philippe Reference 3940
is mostly found in yellow gold, with far fewer examples in 18K white gold,
making the watch in the sale that much more desirable. Originally purchased in
1999 from Tourneau in New York, it was signed on the case, movement, dial and
clasp, and included the original presentation box and literature.
The auction was filled with a
generous offering of pocket watches unlocked from longtime collections;
railroad grade pocket watches from Waltham, Elgin, E. Howard Co., Ball Watch
Co., Hamilton, Illinois, and many more; vintage and modern wristwatches from
luxury brands such as Rolex, Patek Philippe, Omega, Longines and others; and a
select jewelry offering of rings, necklaces, bracelets and many other
investment-grade pieces.
“With Rolex and Patek Philippe
prices at all-time highs, collectors are beginning to turn their eye to other
brands,” said Justin Miller of Miller & Miller Auctions, Ltd. “Everybody knows Rolex and Omega, but as your
collection grows, your tastes mature and you may develop an appreciation for
brands such as Vacheron Constantin, Patek Philippe or A. Lange & Sohne.”
Miller said Vintage Heuer sports
model wrist watches have enjoyed steady appreciation in recent years. “The demand for original, unrestored examples
has never been higher,” he said. “Our
lot 236, a Tag Heuer Autavia GMT 2446C watch, featured a blue and red ‘Pepsi’
GMT bezel, a very popular look with today’s collectors and enthusiasts.” The
watch gaveled for a robust $17,700.
Following are additional
highlights from the 314-lot auction, which attracted 456 registered online
bidders who placed a total of 5,654 bids. A little more than one-third of the
lots sold met or exceeded their pre-sale estimates, and 11 percent of lots surpassed
even the high-end estimate.
A Rolex Reference 1680 red
Submariner Date men’s watch from 1972 with stainless steel case and band,
marked, "Montres Rolex S.A Geneva Switzerland Patented Stainless Steel
1680" on the inner case-back, fetched $24,780. Also, a 1969 Rolex
Reference 5513 Submariner, perfect for sport and scuba diving or used as a tool
watch (buzzwords for it included meters first, matte dial with white text and
calibre 1530), finished at $16,520.
A diamond solitaire ring with a
14kt white gold band and a center stone weighing 1.99 carats by scale (F color
and VS2 clarity), a fabulous, investment-grade natural diamond, plus 18
0.015-carat shoulder diamonds, brought $15,340. Also, a Victorian intaglio seal
charm bracelet, 9kt to 18kt gold, with 16 unique charms, including a
collapsible 9kt gold cigarette holder marked “Dunhill .375” and a pocket watch
key knocked down for $4,425.
A 1978 Rolex Reference 1680
Submariner watch with an oyster band, creamy luminous hands and a dial signed,
“Rolex Oyster Perpetual Date Submariner 600 ft – 200m Superlative Chronometer
Officially Certified Swiss”, gaveled for $14,750; while a 1963 Rolex Ref. 5501
Explorer Precision watch, a steel and 14kt gold version of the North American
market Explorer that has become desired by collectors, commanded $5,605.
A 1983 Tag Heuer Silverstone
#510.403” wristwatch with stainless steel watch and band, distinct design,
limited production, Lemania calibre 5012 and a double Quick set date, in
overall excellent condition, settled at $5,605. Also, a 1990s Rolex Ref. 16013
Datejust watch, stainless steel with 18kt gold bezel, a leather strap,
champagne dial, Quickset date, retained in its original Rolex box with string
tags and a 1988 date card, sold for $3,835.
A 14kt diamond tennis bracelet
featuring 121 round brilliant cut diamonds having a total weight of 2.00
carats, SI-I1 clarity and GHI color and a gross weight of 23.51 grams, 15
inches long, found a new owner for $3,835. Also, an 18kt gold, diamond and
sapphire tennis bracelet containing 18 brilliant cut diamonds weighing 0.94
carats, averaging G color and VVS2 clarity, plus 18 oval faceted medium blue
sapphires, went for $1,416.
Internet bidding for the auction
was facilitated by LiveAuctioneers.com, as well as the Miller & Miller
website: www.MillerandMillerAuctions.com. Bidders were able to tune in to the
live webcast on June 12th to watch lots close in real time. Phone and absentee
bids were also taken.
Miller & Miller Auctions,
Ltd. has three major auctions planned for autumn, all of them falling on a
Saturday. A Toys & Nostalgia auction featuring the Bryan Beatty collection
will be held on September 11th; a Canadiana sale is scheduled for October 9th;
and a Watches & Jewels auction will take place on November 20th. All will
be online-only.
To learn more about Miller &
Miller Auctions, Ltd. and the auctions planned for fall, please visit
www.MillerandMillerAuctions.com.
About Miller & Miller
Auctions, Ltd.:
Miller & Miller Auctions,
Ltd. is Canada’s trusted seller of high-value collections and is always
accepting quality consignments. The firm specializes in watches and jewelry,
art, antiques and high-value collectibles. Its mission is to provide collectors
with a trusted place to buy and sell. To consign a single piece, an estate or a
collection, you may call them at (519) 573-3710; or, you can e-mail them at
info@millerandmillerauctions.com. To learn more about Miller & Miller
Auctions, Ltd., visit www.MillerandMillerAuctions.com.
* This article was originally published here
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