PATEK PHILIPPE Ellipse d’Or Ref. 3948J – 1980s
A rare and particularly elegant variation of the iconic Ellipse, distinguished by its white dial with black Roman numerals and subsidiary seconds. The finely textured 18k yellow gold case gives the watch a more unusual and architectural appearance than the classic smooth-cased Ellipse models. Dating from around 1988 and powered by the manually wound Calibre 215, this example remains in outstanding, apparently unpolished condition. The crisp case texture, beautifully preserved dial and balanced small-seconds display make it a highly attractive neo-vintage Patek Philippe.