Patek Philippe 3940 Due Diligence
Vintage

Patek Philippe 3940 Due Diligence

By Chromatic Fugue · Nov 24, 2019 · 20 replies
Chromatic Fugue
WPS member · Patek Philippe forum
20 replies9123 views4 photos
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Chromatic Fugue seeks expert opinions on a Patek Philippe Ref. 3940, raising detailed questions about its condition, including faint case markings and discrepancies in gold tone. This post highlights the meticulous scrutiny collectors apply when evaluating high-value vintage timepieces.

Thanks to everyone who responded yesterday to my questions about preferences as between the 3940 and 5140.  I'm close to pulling the trigger on the 3940, but there are a couple of tiny -- literally microscopic -- details that have me asking due-diligence-type questions.  At the risk of seeming neurotic, I'm hoping for guidance from the participants in this forum, who seem to know pretty much everything there is to know about this reference.  

Here's a photo of the front of the watch: very clean, quite sublime:



Now here's a blow-up of my macro photo of the left side:





Ignore the dust.  My question relates to the two faint markings on either side of the corrector button.  Are those (1) random dents or (2) traces of some type of branding mark (like "AU 750" and the Patek seal)?  If they're branding marks, the watch has obviously been significantly polished.  Now let's turn the watch over:



Two things to notice here.  First, the gold on the perimeter of the exhibition case back is a substantially deeper color than the gold on the rest of the watch. That's probably easy to explain. My guess is that the exhibition case back sat in a safe for 26 years while the owner used the solid case back, and the rest of the watch faded from exposure to light whereas the exhibition case back didn't.  Either that, or this is a recently sourced exhibition case back.  

Second, there are no branding marks on the lugs.  I mention that only because there *are* clear branding marks on all four of the 5140's lugs:



And unlike the 3940, the 5140 doesn't have any branding marks at all on the left side of the case near the corrector button.  I assume that, over the decades, Patek just changed its conventions about where it would place those marks; in the 3940 pictured above (made in 1993), the marks appeared on the side of the case, whereas on the 5140 they appeared on the lugs.

So, before I take the plunge, I'm hoping for this forum's views.  Does anyone see anything here that raises any red flags?  Let's assume the best-case (and likely) explanation about the marks near the corrector button -- that is, let's assume that those are polished-down branding marks, not random dents. The issue then is that the watch has been polished enough that those marks are no long legible.  Does that level of polishing -- not really evident elsewhere on the watch -- bother anyone?  

I know these questions sound a little neurotic, and I can't think of any non-watch-related context in which microscopic concerns like this would even be raised.  But I know I'm among understanding friends here.  Thanks for your thoughts!

About the Patek Philippe Perpetual Calendar Ref. 5140

The Patek Philippe Reference 5140 is a perpetual calendar wristwatch, succeeding the highly regarded Reference 3940. It maintains the classic Patek Philippe perpetual calendar layout, featuring day, date, month, leap year, and moon phase indications. The 5140 was introduced with a slightly larger case diameter than its predecessor, reflecting contemporary preferences while retaining a traditional aesthetic.

This reference is powered by the ultra-thin self-winding Caliber 240 Q, known for its micro-rotor construction which allows for a slender case profile. The movement provides a power reserve of 48 hours. The watch is presented in 18k white gold, rose gold, or yellow gold cases, measuring 39 mm in diameter, and is fitted with a sapphire crystal. It offers water resistance to 30 meters.

The 5140 appeals to collectors seeking a modern perpetual calendar with a direct lineage to Patek Philippe's established complications. Its production run from 2006 to 2019 saw various dial configurations, including opaline and silvery finishes. The watch is typically paired with a leather strap and a deployant clasp, consistent with Patek Philippe's classic offerings.

Specifications

Caliber
240 Q
Case
18k White Gold, Rose Gold, or Yellow Gold
Diameter
39 mm
Dial
Opaline, Silvery
Water Resist.
30m
Crystal
Sapphire

Key Points from the Discussion

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The Discussion
SA
sam1234
Nov 24, 2019

... those are hallmarks and the watch has been polished to the point where they are no longer clearly discernible. It would bother me as well. The 7 0'clock lug looks a bit thin also, but perhaps just the angle and difficult to assess without seeing the watch in person. Depending on year of production, there was some variability in the location of the case hallmarks from the side to the lugs. Afaik the early models came with hallmarks on the case side and later switched to the lugs.

JU
Jurry
Nov 25, 2019

To me (but I’m no expert so could be wrong) the case is over polished In itself that doesn’t necessarily have to be a big problem albeit you can’t read the brands anymore. However it does lead to 2 concerns I would have: 1) why has it been over polished? Has the case been damaged to the extend deep polishing was required and if so, could that be an indication that damage occurred on other invisible parts of the watch itself as well. A accuracy test run could perhaps reveal something. IE if its d

BA
baufoam
Nov 25, 2019

Wait until you can find one that is crisp and clean! You are going to spend tens of thousands on a 3940. They are great watches and there are many of them out there. Don’t be in a hurry. Buy a watch with clear hallmarks and with all the papers and boxes, instruction manuals, etc. Truth is that the 3940 is a rather small watch by today’s standards and they aren’t exactly “flying “ off the shelves . Be patient. Look around and compare prices. You will find one that is exactly what you want. It’s a

SA
sam1234
Nov 25, 2019

I have a 3940 from the 90's and another from the final year of production (2007) both of which were purchased new and have never been polished. Compared to your photo, I can see clearly the 2 Swiss national hallmarks stamped on the case side on the earlier version as well as the "PPCo" and "750" on the 5:00 and 7:00 lugs. On my later version all 4 lugs are stamped, with no markings on the case side. (One is gold and the other platinum but I don't think that should make a difference in stamp loca

TA
tactictac
Nov 25, 2019

between the case and the microrotor is due to the fact that one is 18k and the other is 22k.

CO
Costa (aka Connie)
Nov 25, 2019

Walk away from this excessively polished 3940. There are too many better examples for the same price. Now If you can get a screaming deal on the watch after exposing the problems to the seller maybe you should consider it. Good luck. Please tell us what you eventually decide.

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