Important Modern & Vintage Timepieces · 8 December 2010

Patek Philippe Ref.438 Steel-Breguet Numerals Patek Philippe & Co., Genève, "Calatrava", No

Patek Philippe Ref.438 Steel-Breguet Numerals Patek Philippe & Co., Genève, "Calatrava", No. 912066, case No. 634016, Ref. 438. Made circa 1945, sold on January 10th, 1947 Very fine and rare, mid-size, water-resistant, stainless steel wristwatch with Breguet style numerals. Accompanied by the Extract from the Archives.

Patek Philippe · reference 438

Antiquorum, December 2010

Hammer result

USD 8,750

Beat the high estimate by 46%
Low estimate USD 4,000
High estimate USD 6,000

The lot

Auction house

Antiquorum

Sale

Important Modern & Vintage Timepieces

Date

8 December 2010

Lot number

219

Reference

438

Brand

Patek Philippe

Year

1945

Ask against realised

$32,000 dealers ask from vs $8,750 this lot made

Across 1 dealer listing of reference 438. The ask is what a dealer wants today, not a sale.

What this reference has made at auction

13 confirmed sales, 1992 to 2026

Average realised price per year, 1992 to 2026. Low $3,277, high $21,590.

YearSalesAverageRange
2026 1 $21,590 $21,590 to $21,590
2025 2 $9,347 $8,290 to $10,405
2024 3 $10,629 $5,500 to $20,632
2021 1 $6,124 $6,124 to $6,124
2012 1 $6,000 $6,000 to $6,000
2011 1 $6,348 $6,348 to $6,348
2010 1 $8,750 $8,750 to $8,750
2005 1 $12,574 $12,574 to $12,574
1992 2 $3,277 $12.57 to $6,542

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, HIGHLY RARE STAINLESS STEEL ‘CALATRAVA’ WITH Christie's Jun 2026 USD 21,590
Patek Philippe. An 18K gold manual wind wristwatch Calatrava Bonhams Sep 2025 GBP 7,680
Patek Philippe Ref 438 Antiquorum May 2025 HKD 65,000
Patek Philippe Calatrava 438 Champagne Stick Dial 18k YG Loupe This Dec 2024 USD 5,500
Patek Philippe Calatrava 438 Breguet Luminous Dial and Hands Loupe This Aug 2024 USD 20,632
Patek Philippe Ref 438 Antiquorum Jun 2024 HKD 45,000
Patek Philippe Ref. 438, small water-resistant; “Calatrava”; Antiquorum Mar 2021 HKD 47,500
PATEK PHILIPPE REF. 438 BREGUET NUMERALS, STEEL, RETAILED BY Antiquorum Jun 2012 USD 6,000
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