Important Modern & Vintage Timepieces · 25 June 2010

Patek Philippe Yellow Gold Calatrava ' Gay Freres Bracelet Patek Philippe, Genève

Patek Philippe Yellow Gold Calatrava ' Gay Freres Bracelet Patek Philippe, Genève, "Calatrava," movement No. 193222, case No. 309546, ref 448. Made in 1920, sold on December 26th, 1928. Very fine, mid-sized, 18K yellow gold wristwatch with an 18K yellow gold Patek Philippe bracelet by Gay Freres with date code for 1951. Accompanied by the Extract from the Archives.

Patek Philippe · reference 448

Antiquorum, June 2010

Hammer result

HKD 42,000

about $5,400 at today's rate

7% below the high estimate
Low estimate HKD 35,000
High estimate HKD 45,000
In USD $4,500 to $5,785

The lot

Auction house

Antiquorum

Sale

Important Modern & Vintage Timepieces

Date

25 June 2010

Lot number

199

Reference

448

Brand

Patek Philippe

Year

1920

What this reference has made at auction

17 confirmed sales, 1989 to 2025

Average realised price per year, 1989 to 2025. Low $3,550, high $75,107.

YearSalesAverageRange
2025 2 $11,992 $8,800 to $15,184
2015 1 $5,373 $5,373 to $5,373
2010 2 $7,183 $5,400 to $8,967
2009 1 $3,550 $3,550 to $3,550
2008 3 $9,210 $4,917 to $11,914
2007 2 $5,192 $3,894 to $6,490
2006 1 $7,239 $7,239 to $7,239
2000 1 $5,135 $5,135 to $5,135
1999 1 $6,143 $6,143 to $6,143
1993 1 $4,021 $4,021 to $4,021
1991 1 $75,107 $75,107 to $75,107
1989 1 $4,434 $4,434 to $4,434

Confirmed sales only, converted to USD at today's rate so salerooms in different currencies can be compared. Unsold lots and withheld prices are excluded from the averages.

Other sales of this reference

8 shown, most recent first

WatchHouseDateResult
Patek Philippe Calatrava 448 Breguet Dial 18k YG Loupe This Dec 2025 USD 8,800 ($8,800)
PATEK PHILIPPE. AN ATTRACTIVE 18K GOLD WRISTWATCH WITH TWO-T Christie's May 2025 CHF 12,600 ($15,184)
Patek Philippe. A lady's 18k gold manual wind wristwatch Cal Bonhams Sep 2015 GBP 3,500 ($5,373)
Patek PhiliPPe Ref. 448, Breguet Numerals Patek Philippe & C Antiquorum Nov 2010 CHF 8,750 ($8,967)
Ref. 448, Yellow Gold Tiffany Patek Philippe & Cie, Genève, Antiquorum Nov 2009 CHF 3,600 ($3,550)
Ref. 448, Black Dial Calatrava Patek Philippe & Co, Genève, Antiquorum Jun 2008 USD 10,800 ($10,800)
Yellow Gold, Ref. 448 Patek Philippe, Genève, movement No. 1 Antiquorum Jun 2008 HKD 38,400 ($4,917)
Yellow Gold 448 Patek Philippe & Co, Genève, 'Calatrava', mo Antiquorum Mar 2008 CHF 12,000 ($11,914)
Sourcing request

Looking for this one at the right price?

Tell us the reference and your ceiling. We will check every dealer currently holding it, measure what they are asking against the auction results above, and tell you what is genuinely available and what it ought to cost.

  • Every dealer currently holding it, checked
  • Asking prices measured against our price record
  • A reply by email within 24 hours

The figures on this page do not change because of any enquiry, and you can check every one of them yourself.

When are you buying?
Condition