Record Amount For Patek Philippe Ref. 3974 At Auction

by Ariel Adams (RSS feed)
Dec 11th 2009 at 8:01PM

Another Antiquorum auction and another world record amount for the sale of a specific Patek Philippe watch. Just recently a Black on black Patek Philippe Ref. 3974 perpetual calendar watch in white gold sold for a whopping $1.2 million dollars. The watch is just 10 years old, and others like it have been auctioned off more than once in the last few years. Meaning that while this is not so rare a Patek Philippe watch that it does not come up for auction often. In recent times the depressed economy has somehow been a boom time for Patek Philippe collectors watches at auction. It seems that in almost every new Antiquorum action where a special Patek Philippe watch available, a new record is met. Pretty much any Patek Philippe watch they offer goes for an amount above $100,000.

In this instance, the Ref. 3974 watch is of the most desirable modern Patek Philippe watches and was last made in 1999. The watch features an automatic Patek Philippe movement with the time, perpetual calendar, moon phase indicator, and a minute repeater complication. All that and the watch is small at just 36mm wide. The over one millions dollar amount is truly stunning and reflect the tenacity of the market as well as the collectible nature of the Patek Philippe brand.

Ariel Adams publishes the luxury watch review site aBlogtoRead.com.

Tags: antiquorum, auction, patek philippe, PatekPhilippe, record, ref. 3974, Ref.3974, watch