Patek Philippe’s reference 3423 fits nicely into the brand's oeuvre of the mid-20th century. It is a clean classic dress watch that served well as an everyday watch for men of style and distinction. The 34mm diameter Baumgartner case was advertised as waterproof, and in fact while the original certificate reads waterproof, the case back is a snap on, and while not fully waterproof, it may be more water resistant than other examples from the period. The reference was released in 1958 and was still listed in the firm’s books until 1970. Early examples like the present watch, featured a “parachute” dial with hard enamel sectors and signature. By 1964, Patek Philippe made a simpler dial removing the enamel sectors. The reference 3423 was made in yellow, pink and white gold with the majority made in yellow gold.

The present wristwatch comes to auction for the first time from the family of the original owner. Remarkably, the watch remains in extremely nice original condition. While the watch has been serviced in the past, it has not been subject to senseless polishing. The case retains strong proportions, the hallmarks are clear and a hand-etched, presumably the retailer's inventory number, under the lug remains crisp as well. The early “parachute” dial adds a very 1950s/1960s contemporary vibe reminiscent of Gilbert Albert and his “Ricochet” designed pocket watches and wristwatches. The lovely condition is enhanced by the presence of the original Certificate of Origin and dated invoice from Holzer Y Cia. SA, Mexico listing the movement number.