Important Modern & Vintage Timepieces · 12 May 2013

Patek Philippe ref. 3589 Ellipse White Gold 'Partners Not Wage-Workers ' Col

PATEK PHILIPPE REF. 3589 ELLIPSE WHITE GOLD 'PARTNERS NOT WAGE-WORKERS ' COL. KADHAFI' Patek Philippe, Genève, Ellipse, No. 1288179, case No. 529387, Ref. 3589/1. Made circa 1978 to commemorate the speech delivered by Colonel Kadhafi at the International Workers Day celebrations in Libya. Very fine, oval, self-winding, 18K white gold wristwatch with an integral 18K white gold Patek Philippe woven bracelet.

Patek Philippe · reference 3589

Antiquorum, May 2013

Hammer result

CHF 8,750

about $9,120 at today's rate

45% below the high estimate
Low estimate CHF 12,000
High estimate CHF 16,000
In USD $12,508 to $16,677

The lot

Auction house

Antiquorum

Sale

Important Modern & Vintage Timepieces

Date

12 May 2013

Lot number

370

Reference

3589

Brand

Patek Philippe

Year

1978

Ask against realised

$8,700 dealers ask from vs $9,120 this lot made

Across 13 dealer listings of reference 3589. The ask is what a dealer wants today, not a sale.

What this reference has made at auction

20 confirmed sales, 2005 to 2024

Average realised price per year, 2005 to 2024. Low $4,225, high $20,000.

YearSalesAverageRange
2024 1 $8,848 $8,848 to $8,848
2022 3 $10,695 $8,820 to $11,970
2021 2 $6,618 $6,600 to $6,635
2020 2 $13,911 $8,346 to $19,475
2019 1 $20,000 $20,000 to $20,000
2018 1 $7,500 $7,500 to $7,500
2015 1 $4,837 $4,837 to $4,837
2013 2 $8,966 $8,812 to $9,120
2008 1 $6,571 $6,571 to $6,571
2007 2 $6,427 $5,775 to $7,080
2006 3 $4,225 $4,130 to $4,346
2005 1 $8,876 $8,876 to $8,876

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 3589 Ellipse Antiquorum Oct 2024 HKD 68,750 ($8,848)
Reference 3589 Ellipse | A yellow gold oval wristwatch, Circ Sotheby's Sep 2022 USD 8,820 ($8,820)
Reference 3589 Ellipse | A yellow gold oval wristwatch, Made Sotheby's Jun 2022 USD 11,970 ($11,970)
Ellipse, Reference 3589 | A yellow gold wristwatch, Circa 1 Sotheby's Feb 2022 HKD 88,200 ($11,296)
Ellipse, Ref. 3589 Montre bracelet en or jaune | Yellow Sotheby's Sep 2021 EUR 5,670 ($6,635)
Patek Philippe Grand Ellipse 3589G Loupe This Aug 2021 USD 6,600 ($6,600)
PATEK PHILIPPE, REF. 3589, IRAQI EAGLE, WHITE GOLD Antiquorum Nov 2020 CHF 17,500 ($19,475)
PATEK PHILIPPE, REF. 3589, ELLIPSE, AUTOMATIC, YELLOW GOLD Antiquorum Nov 2020 CHF 7,500 ($8,346)
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