Property of an Important European Collector 重要歐洲私人收藏
1031Σ︎
Patek Philippe
Ref. 5970R-017
Unique dial
A unique, very important and “brand-new” pink gold perpetual calendar chronograph wristwatch with moon phases, 24-hour, leap year indication, special black luminous monogrammed dial, Breguet numeral at 12 o'clock, tachymetre scale, Certificate of Origin and presentation box, commissioned by American collector Michael Ovitz - double-factory-sealed
Estimate
HK$4,000,000–8,000,000
€434,000–868,000
$513,000–1,030,000
Live 31 May, 12 PM Hong Kong SAR China Time
Manufacturer
Patek Philippe
Year
Circa 2011
Reference No
5970R-017
Movement No
3’049’673
Case No
4’440’001
Model Name
Unique dial
Material
18K pink gold
Calibre
Manual, cal. CH 27-70 Q, 24 jewels
Bracelet/Strap
Crocodile
Clasp/Buckle
Watch is double-sealed in its packaging and cannot be determined
Dimensions
40mm diameter
Signed
Case, dial and movement signed
Accessories
Accompanied by Patek Philippe Certificate of Origin stamped Patek Philippe SA Genève dated 15th April 2011, leather folio, instruction manual, product literature, fitted presentation box and outer packaging.
Full-Cataloguing
Good to know:
- Unique piece in double-factory-sealed condition
- Bespoke commissioned “MSO” monogrammed dial
- The last Lemania-based movement Patek Philippe perpetual calendar chronograph
The standard production ref. 5970 were issued in four precious metals. The 18K gold cased watches were paired with a white dial, whilst the platinum variant was the only standard production model that was fitted with a black dial. After officially discontinuing the reference’s standard production, in 2015 at the Patek Philippe Grand Exhibition at the Saatchi Gallery in London, two more limited variants with salmon dial and bronze tone dial were introduced.
As mentioned above, some important clients of Patek Philippe were able to acquire the ref. 5970 post-discontinuation. Amongst the loyal patrons of the Maison, only a select few are granted access to a unique request dial. Above it is the bespoke commission with one’s monogram presence on the dial, a truly exclusive honour only achievable by collectors that have an utmost importance in the collecting world. Among the ranks of collectors that were granted the honour included Henry Graves, Jr., James W. Packard, J.B. Champion, and the original owner of the present watch Michael Ovitz.
Michael Ovitz, a renowned entrepreneur and talent agent to some of Hollywood’s biggest names, who co-founded Creative Artists Agency and was the one-time president of The Walt Disney Company, is a prominent art collector, possessing a huge collection of watches. His unique, special requested timepieces from Patek Philippe have been surfacing in rare encounters throughout the years, and most of the references by themselves are already highly sought after watches, like the ref. 3940G and ref. 5004J. Previously his ref. 5004P-041 was auctioned at Phillips and sold for a remarkable HKD 6,286,500 in 2023. The present ref. 5970 is another monogrammed piece once owned by him. Unique watch pieces from Ovitz are always in pristine condition, and this watch in particular is even in double-factory-sealed condition fresh to the auction market.
The present ref. 5970, with the monogram “MSO” indicates it was commissioned by “Michael Steven Ovitz”, covering the “120” tachymetre mark often seen on black ref. 5970 dials. What makes this ref. 5970 stands out are the subtle changes in layout that differ from other commissioned pieces. Known to be a high-end watch collector, Eric Clapton also possesses special requested Patek Philippe watches, in which two ref. 5970 owned by him had Breguet numeral hour markers. Even for other “MSO” watches, most of them have Roman numeral “XII” markers. This present watch features a double railway scaled dial with Breguet “12” and spherical markers, a rarely seen configuration with luminous markers on the inner track for minute divisions. The leaf-shaped feuille hands, in which specifically stated on the Certificate of Origin, are also luminous.
A combination of pink gold and black dial is always one of the most appreciated configurations in Patek Philippe perpetual calendar chronographs for its classy and elegant appearance. Being an aesthetically pleasing watch, it shall not be overlooked that the movement is, in addition, a highly reliable calibre. The present reference, housing the cal. CH 27-70 Q movement, is the last of the line to bear an outsourced ébauche, the legendary Lemania 2310. A free-sprung Gyromax balance wheel, a redesigned chronograph lever and some customed features were added by Patek Philippe to make it to be one of the most admired perpetual chronographs offered in the market.
An iconic watch of the historic Patek Philippe, the ref. 5970 is a symbol of the firm’s embrace to the new millennium with the essence of their famous line of grand complication watches. An already undoubtedly appealing watch, the reference in its highly sought-after configuration is further elevated by the extremely rare “MSO” monogram, enabling serious watch connoisseurs to behold and have the opportunity to own a bespoke commissioned watch that is virtually unachievable for the general collectors.
- Unique piece in double-factory-sealed condition
- Bespoke commissioned “MSO” monogrammed dial
- The last Lemania-based movement Patek Philippe perpetual calendar chronograph
The standard production ref. 5970 were issued in four precious metals. The 18K gold cased watches were paired with a white dial, whilst the platinum variant was the only standard production model that was fitted with a black dial. After officially discontinuing the reference’s standard production, in 2015 at the Patek Philippe Grand Exhibition at the Saatchi Gallery in London, two more limited variants with salmon dial and bronze tone dial were introduced.
As mentioned above, some important clients of Patek Philippe were able to acquire the ref. 5970 post-discontinuation. Amongst the loyal patrons of the Maison, only a select few are granted access to a unique request dial. Above it is the bespoke commission with one’s monogram presence on the dial, a truly exclusive honour only achievable by collectors that have an utmost importance in the collecting world. Among the ranks of collectors that were granted the honour included Henry Graves, Jr., James W. Packard, J.B. Champion, and the original owner of the present watch Michael Ovitz.
Michael Ovitz, a renowned entrepreneur and talent agent to some of Hollywood’s biggest names, who co-founded Creative Artists Agency and was the one-time president of The Walt Disney Company, is a prominent art collector, possessing a huge collection of watches. His unique, special requested timepieces from Patek Philippe have been surfacing in rare encounters throughout the years, and most of the references by themselves are already highly sought after watches, like the ref. 3940G and ref. 5004J. Previously his ref. 5004P-041 was auctioned at Phillips and sold for a remarkable HKD 6,286,500 in 2023. The present ref. 5970 is another monogrammed piece once owned by him. Unique watch pieces from Ovitz are always in pristine condition, and this watch in particular is even in double-factory-sealed condition fresh to the auction market.
The present ref. 5970, with the monogram “MSO” indicates it was commissioned by “Michael Steven Ovitz”, covering the “120” tachymetre mark often seen on black ref. 5970 dials. What makes this ref. 5970 stands out are the subtle changes in layout that differ from other commissioned pieces. Known to be a high-end watch collector, Eric Clapton also possesses special requested Patek Philippe watches, in which two ref. 5970 owned by him had Breguet numeral hour markers. Even for other “MSO” watches, most of them have Roman numeral “XII” markers. This present watch features a double railway scaled dial with Breguet “12” and spherical markers, a rarely seen configuration with luminous markers on the inner track for minute divisions. The leaf-shaped feuille hands, in which specifically stated on the Certificate of Origin, are also luminous.
A combination of pink gold and black dial is always one of the most appreciated configurations in Patek Philippe perpetual calendar chronographs for its classy and elegant appearance. Being an aesthetically pleasing watch, it shall not be overlooked that the movement is, in addition, a highly reliable calibre. The present reference, housing the cal. CH 27-70 Q movement, is the last of the line to bear an outsourced ébauche, the legendary Lemania 2310. A free-sprung Gyromax balance wheel, a redesigned chronograph lever and some customed features were added by Patek Philippe to make it to be one of the most admired perpetual chronographs offered in the market.
An iconic watch of the historic Patek Philippe, the ref. 5970 is a symbol of the firm’s embrace to the new millennium with the essence of their famous line of grand complication watches. An already undoubtedly appealing watch, the reference in its highly sought-after configuration is further elevated by the extremely rare “MSO” monogram, enabling serious watch connoisseurs to behold and have the opportunity to own a bespoke commissioned watch that is virtually unachievable for the general collectors.
Patek Philippe
Swiss | 1839Since 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.