Property of an Elite Collector

867Σ︎

Patek Philippe

Ref. 5004P-032

A highly important, extremely rare and well-preserved platinum perpetual calendar split-seconds chronograph wristwatch with baguette-cut diamond-set indexes, moon phases, leap year, 24-hour indication, additional solid caseback, setting pin, Certificate of Origin and presentation box

HK$2,400,000–4,800,000
€273,000–545,000
$308,000–615,000
Patek Philippe
Circa 1999
879’736
5004P-032
4’037’699
Platinum
Manual, cal. CHR 27-70 Q, 28 jewels
Crocodile
Platinum Patek Philippe deployant clasp
36.5mm diameter
Case, dial, movement and clasp signed
Accompanied by Patek Philippe Certificate of Origin stamped Luck Hock Jewellery Co. Macau, date-coded January 1999, instruction manual, product literature, leather folio, additional solid caseback, setting pin, travel pouch, fitted presentation box and outer packaging. Further delivered with Patek Philippe Extract from the Archives confirming production of the present timepiece with baguette-cut diamond hour markers in 1999 and its subsequent date of sale on 27 January 1999.
Good to know:
- Fresh-to-the-market from original owner
- Only 3 examples of ref. 5004P-032 known publicly
- Offered for the first time at Phillips
- Well-preserved in barely worn condition
- With full set of accessories

Introduced in 1994, the ref. 5004 was a significant milestone for the brand as it was their first serially produced watch to feature a perpetual calendar with the sophisticated split-seconds chronograph complication. With its classic 36.5mm case, it captures the hearts of collectors and connoisseurs alike, embodying the centuries-old horological expertise and timeless design codes of the esteemed manufacturer. Notably, the timepiece also marked the end of Patek Philippe's use of the Lemania-based caliber, cal. CH 27-70 Q.

Due to the intricacy and labor-intensive nature of its production, only around 12 ref. 5004 watches came out of the manufacturer each year. After a 18-year production run, the ref. 5004 was succeeded by the ref. 5204 in 2012, featuring an in-house movement. An exceptionally rare timepiece, it was highly sought-after and notoriously difficult to secure from boutiques as it was an application piece back then.

The present fresh-to-the-market ref. 5004P-032 in platinum features a rare black dial which is adorned with 7 baguette-cut diamond indexes, creating a truly exceptional visual appeal. Offered for the first time at Phillips, this particular configuration is exceptionally rare, with the present example only the 3rd one to appear on the auction market. To the best of our knowledge, the present example is the earliest known ref. 5004P-032 from circa 1999. It is possible that this could be the reason the diamond indexes were not mentioned in the Certificate of Origin as this was a new configuration at the time. We have an Extract from the Archives that confirms the baguette-cut diamond hour markers.

Well-preserved in barely worn condition and accompanied by all its original accessories, this timepiece represents a highly collectible and mechanically impressive piece that will be one of the grail watches in the years to come.

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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