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.

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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 Grand Complications Ref. 3940

The Patek Philippe Reference 3940 is a perpetual calendar wristwatch that was introduced in 1985, succeeding the Reference 3450. It is notable for its relatively slim profile and the integration of a perpetual calendar complication in a refined case. This reference became a cornerstone of Patek Philippe's complicated watch offerings for nearly two decades, establishing a design language for subsequent perpetual calendar models. It represents a significant period in the brand's modern history of complicated timepieces.

The watch features a 36mm case, typically crafted from yellow gold, rose gold, white gold, or platinum. It houses the self-winding Caliber 240 Q movement, which is known for its micro-rotor construction, contributing to the movement's thinness and allowing for a slimmer case profile. The movement provides a power reserve of approximately 48 hours. The dial is protected by a sapphire crystal, often accompanied by an interchangeable solid case back and a sapphire display back.

Reference 3940 is highly regarded by collectors for its classic proportions and the enduring appeal of its perpetual calendar display, which includes day, date, month, leap year cycle, and moon phases. It was produced in several series, with subtle variations in dial layout and typography, making early series examples particularly sought after. The reference is considered a benchmark for perpetual calendar watches and remains a significant piece for those appreciating traditional horological complications.

Specifications

Caliber
240 Q
Case
Yellow Gold, Rose Gold, White Gold, Platinum
Diameter
36mm
Dial
Silver, White, Opaline
Crystal
Sapphire

Key Points from the Discussion

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The Discussion
SA
sam1234
Nov 24, 2019
you are correct...

... 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.

EM
emcquillan
Nov 24, 2019
Astute observations. The over polishing and case refurbishment would bother me. [nt]

AM
amanico
Nov 24, 2019
Polished, my friend. [nt]

JU
Jurry
Nov 25, 2019
Polished

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

KJ
kjkt3
Nov 25, 2019
An excellent post. Incompetent polishing. Walk away. (Such barbarism really angers me.) [nt]

BA
baufoam
Nov 25, 2019
For what a 3940 costs....

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

Available on the marketplace

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