Important Modern and Vintage Timepieces · 26 February 2011

Patek Philippe Yellow Gold, Ref. 3940 Second generation Patek Philippe, Genève, movement No

Patek Philippe Yellow Gold, Ref. 3940 Second generation Patek Philippe, Genève, movement No. 770674, case No. 2838649, Ref. 3940, Second generation. Made circa 1991. Very fine and rare, self-winding, 18K yellow gold wristwatch with perpetual calendar, moon phases, 24 hour indication, leap year indication and an 18K yellow gold Patek Philippe buckle. Accompanied by a fitted wooden box and setting pin.

Patek Philippe · reference 3940

Antiquorum, February 2011

Hammer result

HKD 275,000

about $35,287 at today's rate

Beat the high estimate by 2%
Low estimate HKD 200,000
High estimate HKD 270,000
In USD $25,663 to $34,645

The lot

Auction house

Antiquorum

Sale

Important Modern and Vintage Timepieces

Date

26 February 2011

Lot number

355

Reference

3940

Brand

Patek Philippe

Year

1991

Accompanied by

box

View at Antiquorum › Compare dealer prices (36)

Ask against realised

$1,995 dealers ask from vs $35,287 this lot made

Across 36 dealer listings of reference 3940. The ask is what a dealer wants today, not a sale.

What this reference has made at auction

82 confirmed sales, 2014 to 2026

Average realised price per year, 2014 to 2026. Low $32,399, high $345,177.

YearSalesAverageRange
2026 6 $345,177 $65,857 to $965,200
2025 9 $76,230 $55,736 to $142,164
2024 8 $61,251 $42,833 to $107,100
2023 9 $83,119 $2,451 to $325,605
2022 10 $87,495 $37,586 to $385,414
2021 9 $50,968 $35,456 to $82,120
2020 2 $37,472 $35,000 to $39,945
2019 8 $39,993 $478.47 to $81,250
2018 6 $38,855 $27,500 to $62,187
2017 5 $39,937 $25,105 to $56,049
2015 3 $36,289 $29,024 to $47,500
2014 7 $32,399 $27,500 to $38,694

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 Ref. 3940 Perpetual Calendar "First Series, B Phillips Jun 2026 USD 965,200 ($965,200)
PATEK PHILIPPE | GRAND COMPLICATIONS, REF.3940, A RARE YELLO Bonhams Jun 2026 AUD 92,250 ($65,857)
PATEK PHILIPPE. A RARE 18K GOLD AUTOMATIC PERPETUAL CALENDAR Christie's May 2026 HKD 762,000 ($97,270)
PATEK PHILIPPE. A COVETED AND ELEGANT 18K GOLD AUTOMATIC PER Christie's May 2026 CHF 53,340 ($68,622)
PATEK PHILIPPE. A COVETED AND ELEGANT 18K WHITE GOLD AUTOMAT Christie's May 2026 CHF 69,850 ($89,862)
PATEK PHILIPPE. AN IMPORTANT AND HIGHLY ATTRACTIVE 18K GOLD Christie's May 2026 CHF 609,600 ($784,253)
PATEK PHILIPPE. A VERY RARE 18K PINK GOLD AUTOMATIC PERPETUA Christie's Nov 2025 HKD 571,500 ($73,488)
PATEK PHILIPPE, YELLOW GOLD PERPETUAL CALENDAR WRISTWATCH, R Christie's Nov 2025 CHF 60,960 ($75,764)
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