In a captivating exploration of horological history, WatchProSite contributor patekova invites readers to delve into the world of vintage Patek Philippe. Inspired by a contemporary Patek discussion, patekova shifts the focus to pre-1986 references, defining the 'vintage' era before the introduction of quick-set calendar functions. His personal selection of three ultra-rare, multi-million dollar Patek Philippe references from the 1940s-1950s sparks a vibrant community discussion, prompting fellow collectors to share their own dream vintage Patek trios.

Inspired by Sham’s delightful post of his 3 favorite Pateks of all time, which are from the modern era, I thought it might be fun to initiate a corollary post limited to strictly vintage. For purposes of this discussion I am thinking of vintage as pre 1986. I.e. before the 3940 and 3970. I personally consider 3940 and 3970 from the modern era (although others may of course have a different view, especially as to 1st and 2d series 3940s/3970s).
For me the fact that unlike 2499 and 3448/3450, even the early 3940s and 3970s allow the user to quick set all calendar functions is a significant modernization. Frankly, I love the quick set feature, which makes the watch much more user friendly, but that said 1986 seems for purposes of this discussion, like a convenient starting point for the modern era.
So these are my 3 favorite all time watches, vintage or modern. If price and availability were not a problem ..... Of course, that is a somewhat ridiculous statement since all 3 are unique, likely not available at any price, and the price of each would be extraordinarily expensive, as in several million CHF/USD.
Each was manufactured during what many consider to be the golden years of vintage watches (1940s - 1970s), in fact within 5 years of each other, 1949-1954. In order of my preference,
First place - Reference 2499 1st series pulsations dial in rose gold retailed by Freccero.and manufactured in 1951. It sold in Geneva at Antiquorum. Lot 82, October 19, 2002 for approximately 3.2 million CHF.
Second place - Reference 2497 in platinum with Breguet dial. Manufactured in 1954 it sold in Geneva at Christie’s lot 187 on May 12, 2008 for approximately 3.2 million CHF.
Thitd place - At the same Christie’s auction, Reference 1526 in steel. Lot 87, it sold for approximately 4.1 million CHF.
(I have included the auction data, as a source of information, in case anyone wants to learn more about these watches.)
I have 3 questions for the Forum members:
What are your thoughts on these watches?
How do you like/compare them to your favorite modern Pateks?
What are your 3 favorite vintage Pateks.
I look forward to reading your thoughts. And again, many thanks to Sham for the inspiration!
Best, Patekova
About the Patek Philippe Grand Complications Ref. 2499
The Patek Philippe Reference 2499 is a highly significant perpetual calendar chronograph, representing a pivotal model in the brand's history of complicated wristwatches. It succeeded the Reference 1518 and introduced a larger case diameter and updated aesthetic, establishing a design language that would influence subsequent perpetual calendar chronographs from Patek Philippe for decades. The reference was produced in four distinct series, each with subtle variations in dial layout, pusher style, and case construction.
This reference typically features a case crafted from precious metals, most commonly yellow gold, though examples in rose gold and platinum are known. The case diameter is generally 37.5mm, housing a manual-wind movement, specifically the caliber 13''' Q. This movement integrates a perpetual calendar mechanism with a chronograph function, offering indications for day, date, month, leap year, and moon phases. The crystal is typically acrylic for earlier series and sapphire for later iterations.
The 2499 is highly sought after by collectors due to its rarity, complexity, and historical importance. It is considered a benchmark for vintage complicated Patek Philippe watches and represents the evolution of the perpetual calendar chronograph from the mid-20th century. The variations between the four series provide distinct collecting opportunities, with each series possessing unique characteristics that appeal to different connoisseurs.
Specifications
- Caliber
- 13''' Q
- Case
- 18k white gold
- Diameter
- 37.5mm
- Dial
- Silver
- Water Resist.
- 30m
- Crystal
- Sapphire
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
About the Patek Philippe Grand Complications Ref. 3970
The Patek Philippe reference 3970 is a perpetual calendar chronograph, a complication central to the brand's heritage. It succeeded the highly regarded reference 2499 and served as a bridge to the later reference 5970. The 3970 was produced over an extended period, allowing for several series and subtle variations in its design, making it a significant model for collectors interested in the evolution of Patek Philippe's complicated wristwatches.
This reference features a 36mm case, commonly found in 18k white gold, yellow gold, rose gold, and platinum. It is powered by the manual-wind caliber CH 27-70 Q, based on a Lemania ébauche, which offers a power reserve of 60 hours. The watch is fitted with a sapphire crystal, protecting a dial that typically includes subdials for the chronograph, perpetual calendar displays, and moon phases.
The 3970 appeals to collectors seeking a classic Patek Philippe perpetual calendar chronograph with a traditional aesthetic and a historically important movement. Its long production run from 1986 to 2004 means that examples from different series, such as the first, second, and third, exhibit minor differences in dial layout and case details, providing distinct collecting opportunities within the reference.
Specifications
- Caliber
- CH 27-70 Q
- Case
- 18k white gold
- Diameter
- 36mm
- Dial
- Silver
- Water Resist.
- 25m
- Crystal
- Sapphire