Reference
Patek Philippe Perpetual Calendar
Reference 3448 · 18k Yellow Gold
The lowest current ask for the Patek Philippe Perpetual Calendar (ref. 3448) is $36,500 at Analog Shift, among 15 live listings we track. The auction record is $2,759,000 (Christie's New York, 2026). Updated August 18, 2026. View lowest ask →
Track Patek Philippe 3448
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About this reference
Produced between 1962 and approximately 1981, the Patek Philippe Reference 3448 was the manufacture’s first automatic perpetual calendar wristwatch. Collectors prioritize this reference for its Caliber 27-460 Q movement and its 37.5mm "Padellone" case, characterized by sharp, angular lugs and a minimalist dial layout featuring day and month apertures at twelve o'clock. Approximately 586 total examples were made, with the vast majority cased in 18k yellow gold. Secondary market prices for yellow gold specimens typically range from $300,000 to over $500,000 depending on condition and dial series. Four distinct dial variations exist, distinguished by the typography and the presence of a leap year indicator on later versions. A notable production rarity is the "Senza Luna" variant, which lacks a moon phase complication; one such example achieved a hammer price exceeding $1.1 million at a 2017 Christie’s auction.
Hammer prices over time
Each dot is a documented public auction sale; click to view the lot. Dashed line marks the current asking median across live listings.
Auction track record
5 documented sales since 2019. Top hammer $2,759,000 at Christie's New York in 2026. Median hammer: $1,300,000.
Ranks #30 of 87 Patek Philippe auction lots we track — see all Patek Philippe records.
Live inventory matching this reference
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¥42,984,000
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¥39,720,400
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Patek Philippe Perpetual Calendar Chronograph 5270P-014
Ref. 5270P-014 · Platinum
¥34,228,000
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Patek Philippe Perpetual Calendar 5236P-001
Ref. 5236P-001 · Platinum
¥17,512,000
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Patek Philippe Perpetual Calendar
Ref. 40930788 · Stainless Steel
¥14,320,040
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Patek Philippe Perpetual Calendar
Ref. 40930741 · Stainless Steel
¥13,452,400
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Patek Philippe Retrograde Perpetual Calendar
Ref. 40930510 · Stainless Steel
¥12,699,384
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Patek Philippe Perpetual Calendar
Ref. 40930914 · Stainless Steel
¥12,656,400
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Patek Philippe Perpetual Calendar
Ref. 40930879 · Stainless Steel
¥11,542,000
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Patek Philippe Retrograde Perpetual Calendar
Ref. 40930512 · Stainless Steel
¥10,311,384
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Patek Philippe Annual Calendar Moonphase
Ref. — · Stainless Steel
¥9,154,000
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Patek Philippe Retrograde Perpetual Calendar
Ref. 40931004 · Stainless Steel
¥9,034,600
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Patek Philippe Tonneau Perpetual Calendar
Ref. 40931078 · Stainless Steel
¥8,755,204
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Patek Philippe Perpetual Calendar
Ref. 40930733 · Stainless Steel
¥8,748,040
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Patek Philippe Perpetual Calendar | REF. 3940 | 18k Yellow G
Ref. 3940 · 18k Yellow Gold
¥7,562,000
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Patek Philippe Perpetual Calendar 5140G in 18k White Gold Op
Ref. 5140G · 18k White Gold
¥7,084,400
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Patek Philippe Calatrava
Ref. — · Stainless Steel
¥6,925,200
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Patek Philippe Calatrava
Ref. — · Stainless Steel
¥5,810,800
Patek Philippe
Patek Philippe Calatrava
Ref. — · Stainless Steel
¥3,812,840
Patek Philippe
Perpetual Calendar Chronograph | 3970E | Platinum
Ref. 3970E · Platinum
¥54,128,000
Sold · archive
Patek Philippe
2010 Patek Philippe Perpetual Calendar Moonphase Chronograph
Ref. 5970P · Platinum
¥50,944,000
Sold · archive
Patek Philippe
Patek Philippe Split Seconds Perpetual Calendar
Ref. 40930397 · Stainless Steel
¥41,392,000
Sold · archive
Patek Philippe
2008 Patek Philippe Perpetual Calendar Moonphase Chronograph
Ref. 5970J · Stainless Steel
¥39,800,000
Sold · archive
Patek Philippe
Patek Philippe Split Seconds Perpetual Calendar
Ref. 40930655 · Stainless Steel
¥39,720,400
Sold · archive
All documented hammer prices
For this reference (and close variants).
| Lot | Year | Hammer | Venue |
|---|---|---|---|
| 3448 · Perpetual Calendar 'Senza Luna' | 2023 | $2,500,000 | Christie's Geneva |
| 3448 · Perpetual Calendar 'Padellone' | 2019 | $1,155,000 | Christie's New York |
| 3448/14 · Perpetual Calendar Gübelin | 2020 | $483,750 | Phillips Hong Kong |
| 3448 · Perpetual Calendar Ref. 3448 | 2026 | $1,300,000 | Christie's Geneva |
| 3448G · Perpetual Calendar 'Red Dot' Ref. 3448G | 2026 | $2,759,000 | Christie's New York |