Patek Philippe - Racing Pulse New York Saturday, December 12, 2020 | Phillips

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  • Manufacturer: Patek Philippe
    Year: 2017
    Reference No: 5230G-010
    Movement No: 7’091’379
    Case No: 6’196’721
    Model Name: World-time, New York Edition
    Material: 18K white gold
    Calibre: Automatic, cal. 240 HU, 33 jewels
    Bracelet/Strap: Crocodile
    Clasp/Buckle: 18K white gold Patek Philippe deployant buckle
    Dimensions: 38.5mm Diameter
    Signed: Case, dial, movement and buckle signed
    Accessories: Accompanied by Patek Philippe Certificate of Origin dated August 31, 2017, and stamped by Razny Jewellers Highland Park IL, wooden presentation box, hang tag, leather envelope and product literature.

  • Catalogue Essay

    Patek Philippe’s reference 5230G, New York Edition, was a celebration of both the brand’s long, prestigious history, and their landmark, 2017 exhibition “Patek Philippe -The Art of Watches Grand Exhibition.” A comprehensive 10-day event featuring over 450 curated timepieces from the Patek Philippe Museum, it was the largest watch-related exhibition ever held in the United States. Accordingly, Patek Philippe issued nine limited edition timepieces, including the present reference 5320G - a stunning world-time wristwatch featuring a metallic, Art Deco relief of the Manhattan skyline on the dial.

    World-time watches have long been in the brand’s collection, originally invented by Louis Cottier (1849-1996), a graduate of the Horological School of Geneva. Working with his watchmaking father, he developed many patented inventions during his lifetime, however the world-time complication is his best known and most cherished today. His most enduring version allowed for a local time indicated by central hour and minute hands, linked to a rotating 24-hour ring, and bordered by an outer bezel or dial ring with the names of different cities inscribed on it. It ingeniously allowed the wearer to simultaneously read the local time and the time in 24 time zones. While his first world-time timepiece was a pocket watch, by the late 1930s, Cottier had miniaturized the system for wristwatch use. Following several prototypes built with Cottier’s invention, Patek Philippe would release their first serially produced world time model, the reference 1415, in 1939. It would become a must-have for a growing clientele of international travelers, and led to some of the rarest and most impressive watches of the 20th century - from those with polychrome cloisonné enamel dials, to rare, oversized dual-crown examples.

    The present example is fresh to the market, and is only the fourth known New York Edition model to be offered at auction. Consigned by the original owner, the watch is complete and in mint condition, only worn a handful times before it was placed back in its factory plastic sleeve for storage. Produced in just 300 examples, the present lot is a rare opportunity to own this modern synthesis of Patek Philippe’s historical past and technical mastery.

    Consigned by the Original Owner

  • Artist Biography

    Patek Philippe

    Swiss • 1839

    Since its founding in 1839, this famous Geneva-based firm has been surprising its clientele with superbly crafted timepieces fitted with watchmaking's most prestigious complications. Traditional and conservative designs are found across Patek Philippe's watches made throughout their history — the utmost in understated elegance.

    Well-known for the Graves Supercomplication — a highly complicated pocket watch that was the world’s most complicated watch for 50 years — this family-owned brand has earned a reputation of excellence around the world. Patek's complicated vintage watches hold the highest number of world records for results achieved at auction compared with any other brand. For collectors, key models include the reference 1518, the world's first serially produced perpetual calendar chronograph, and its successor, the reference 2499. Other famous models include perpetual calendars such as the ref. 1526, ref. 3448 and 3450, chronographs such as the reference 130, 530 and 1463, as well as reference 1436 and 1563 split seconds chronographs. Patek is also well-known for their classically styled, time-only "Calatrava" dress watches, and the "Nautilus," an iconic luxury sports watch first introduced in 1976 as the reference 3700 that is still in production today.

    View More Works

95

Ref. 5230G-010
A very fine and attractive limited edition white gold world-time wristwatch, New York edition, with Certificate of Origin, presentation box, and hang tag

2017
38.5mm Diameter
Case, dial, movement and buckle signed

Estimate
$30,000 - 50,000 
CHF27,000-45,000
€25,300-42,100
HK$233,000-388,000

Sold for $69,300

Contact Specialist

Paul Boutros
Head of Watches, Americas & International Strategy Advisor
Senior Vice President
+1 212 940 1293
pboutros@phillips.com

Racing Pulse

New York Auction 12 December 2020