Patek Philippe - The Hong Kong Watch Auction: FIVE Hong Kong Monday, November 27, 2017 | Phillips

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  • Manufacturer: Patek Philippe
    Year: 2002
    Reference No: 5020R-013
    Movement No: 3’046’609
    Case No: 2’994’192
    Model Name: 'Televisore'
    Material: 18k pink gold
    Calibre: Manual, cal. CH 27-70 Q, 24 jewels, stamped with the Geneva Seal
    Bracelet/Strap: Brown Patek Philippe crocodile strap
    Clasp/Buckle: 18k pink gold Patek Philippe deployant clasp
    Dimensions: 37mm wide, 45mm long
    Signed: Case, dial and movement signed
    Accessories: With Patek Philippe Certificate of Origin stamped by Saudi Arabia retailer Kooheji, numbered sale tag, numbered outer paper label, setting pin, additional Patek Philippe black crocodile leather strap, product literature, wooden fitted presentation box and outer packaging. Furthermore delivered with Patek Philippe Extract from the Archives confirming production of the present watch in 2002 opaline dial, 9 rose gold Breguet numerals and its subsequent sale on October 9, 2002.

  • Catalogue Essay

    Without a doubt one of the most collectible modern Patek Philippe timepieces, reference 5020 was launched in 1992 as an alternative to the more classic 3970. It was the first time in the history of the company that the same perpetual calendar chronograph movement was available at the same time in two different references. Dubbed by Italian collectors of the time "Televisore” (TV screen) for obvious aesthetic reasons, as a matter of fact the market response to this model was less than impressive and indeed the reference was discontinued after eight years: one of the shortest production runs ever seen for a Patek Philippe perpetual calendar chronograph. The consequence of this is the astounding rarity of this model, with maybe a couple hundreds examples in all metals produced. It took about 10 years for the market to re-appreciate the model: the purity of its mirror-finished retro lines, generous size, and overall incredible rarity – comparable to the that of vintage references – with time rendered the piece one of the most collectible and sought-after perpetual calendar chronograph models made by the house.

  • 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.

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Σ941

Ref. 5020R-013
An extremely fine and very rare pink gold perpetual calendar chronograph wristwatch with moon phase, certificate and box

2002
37mm wide, 45mm long
Case, dial and movement signed

Estimate
HK$1,440,000 - 2,880,000 
€157,000-313,000
$180,000-360,000

Sold for HK$2,000,000

Contact Specialist
Ziyong Ho
Specialist
+852 9386 2032
yong.ho@phillips.com

The Hong Kong Watch Auction: FIVE

Hong Kong Auction 28 November 2017