Lot #2850
Patek Philippe Perpetual Calendar 3940R-011 Third Series Box and Papers
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Introduction
Released in the mid-80s when perpetual calendar timepieces were rare, the Patek Philippe ref. 3940 would quickly become the blueprint for perpetual calendar watches following in its footsteps looking to emulate its aesthetic design and, or, success. With its distinctively classical 36mm case diameter, the ref. 3940 appeals to the pre-modern days when 36mm was seen as a large watch, and technical innovations weren’t as intricate as they are today. One of the most important timepieces within Patek’s modern history, the ref. 3940’s inoffensive construction, beautiful dial, and immaculate craftsmanship all combine to create a watch that collectors still clamor to own. But with that aside, its position as the first serially produced perpetual calendar timepiece signifies that it was the watch to begin the trend for the hyper-complex that we are still; experiencing to this day. Released at the height of the Quartz Crisis, the ref. 3940 even contributed to growing the gap between traditional Swiss artisanal craftsmanship and cheap machine-made quartz watches, ultimately one of the industry’s saving graces as it helped reestablish the Swiss' reputation as the original occupants within the industry.
Loupe This Scorecard
Grade
M 8.5
Status
Vetted & Approved
Included
Winding Box, Guarantee Papers, Second Caseback, Accessories
Est. value range
$40,000 – $60,000
The Details
Brand
Patek Philippe
Dimensions
36mm
Model
Perpetual Calendar
Movement
Automatic micro rotor cal. 240 Q
Reference
3940R
Bracelet
Leather strap
Year
2003
Condition
Excellent
Material
18kt rose gold
Included
Watch, box, papers, hang tag and pusher
Dial Color
Silver

THE DIAL
Serving as the window to its soul, the ref. 3940R's dial comes decorated with the inscriptions of its various complications which hint at the incredible complexity of the cal. 240 Q movement within.

THE CONSTRUCTION
With its elegantly sloping lugs and svelte 36mm diameter, the ref. 3940R hugs the wrist as it allows the strap to comfortably drape over the wrist and provide an optimal wearing experience.

TIMING MACHINE READOUT
This reading was taken (crown down) with a ONEOF Accuracy Boutique Edition timing machine at time of cataloging. It is provided as a courtesy only, and shall not be construed as a warranty or guarantee of any kind. Please refer to our terms and conditions of sale for more information.
Condition
Watch is in excellent overall condition. Case shows some minor surface wear, with some small visible marks and scratches. The hallmaks on the back of the lugs are fully present and crisp. The dial is in excellent overall condition. The DAY/NIGHT indicator on the 9 o'clock subdial has an attractive even tone. Watch is accompanied by its original winder box, second sold caseback and setting pin. Please Note: The watch is ticking at time of cataloging and the calendar mechanism advances as it should, but the timing machine readout is poor, and a service is recommended.
Please Note: Due to CITES considerations, if the watch is to be shipped outside of the USA, the exotic skin strap will have to be removed.
Our Perspective
One of the most important watches in Patek's history, the ref. 3940 contributed to the decline in demand for quartz-powered watches as collectors, and the public, began to cherish the artistry within traditional watchmaking and all of its various crafts.