CIRCA: 1974
CASE MATERIAL: 18k yellow gold
DIAMETER: 37.5 mm.
STRAP MATERIAL Brown leather strap
DIAL: Silvered
MOVEMENT: Cal. 27-460 Q, automatic
FUNCTIONS: Time, perpetual calendar, moon-phase
BUCKLE: 18k yellow gold pin buckle
WITH: Patek Philippe Extract from the Archives confirming 1974 as the year of production.

This lot has been imported from outside of the UAE for sale. Should the lot be released into GCC/UAE free circulation, duty will be payable at 5% on the low estimate. Duty paid in Dubai is treated as final duty payment as per GCC''s customs laws. VAT at 5% will be applied to the hammer and buyer’s premium.

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This lot is offered by Christie's Dubai Ltd.

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Lot Essay

Launched in 1962, the reference 3448 was the first automatic perpetual calendar wristwatch serially produced by any manufacturer. It was made primarily in yellow gold in low numbers: estimates put the total production, all case metals, at approximately 600 units. A minority were cased in white gold (approximately 150 pieces), and one example in pink gold and two in platinum (with cases originally born in yellow gold).

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Condition report

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The condition of lots can vary widely and the nature of the lots sold means that they are unlikely to be in a perfect condition. Lots are sold in the condition they are in at the time of sale.

OVERALL CONDITION: Good

CASE: Has been polished in the past and is visible in the size of the lugs. The polished bezel has light surface scratches. Gold hallmark visible under one lug

DIAL: Fourth series dial, period correct. Original, the print is clean and legible. A minor blemish at 12 o' clock

MOVEMENT: Ticking at the time of cataloguing. However, a service is recommended.

PIN BUCKLE: has surface scratches

PLEASE NOTE:
This report has been prepared by Christie's specialists and is no substitute for physical examination by you and/or your advisors. Christie's specialists are not trained restorers and the report set forth above is not a comprehensive condition report prepared by a professional conservator. While we make certain observations on the work which we trust are helpful, we recommend you consult your own restorer for a more complete report. Prospective purchasers should bear in mind that this report will not disclose any imperfections which may only be revealed during the course of subsequent restoration. This report is provided to you as a courtesy and Christie's is not responsible for the accuracy or completeness of this report. Buyers are reminded that Christie's warranties with respect to property are limited as set forth in our Conditions of Sale and do not extend to condition.

Effective 7 February 2022
A buyer’s premium is payable by the successful buyer of an item at auction, based on the hammer price of each lot sold. The current buyer’s premium rates are an amount equal to 26% of the hammer price of each lot up to and including £700,000/US$1,000,000; plus 20% of the hammer price from £700,001/US$1,000,001 up to and including £4,500,000/US$6,000,000 and 14.5 per cent from £4,500,001/US$6,000,001.

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