Patek Philippe Reference 3940 perpetual calendar men's watch hits $50,150 in Miller & Miller auction

NEW HAMBURG, Ontario - June 16, 2021 - PRLog -- 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 12^th. It was the top lot in a sale that grossed $305,354.

Prices 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.

Internet bidding for the auction was facilitated by LiveAuctioneers.com, as well as the Miller & Miller website: www.MillerandMillerAuctions.com.

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 11^th; a Canadiana sale is scheduled for October 9^th; and a Watches & Jewels auction will take place on November 20^th. All will be online-only.

To learn more about Miller & Miller Auctions, Ltd., please visit www.MillerandMillerAuctions.com.