Patek Philippe - The Geneva Watch Auction: FIVE Geneva Friday, May 12, 2017 | Phillips

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  • Manufacturer: Patek Philippe
    Year: 2003
    Reference No: 5071
    Movement No: 3'147'459
    Case No: 4'202'215
    Material: 18k white gold and diamonds
    Calibre: Manual, cal. CH 27-70, 24 jewels
    Bracelet/Strap: Alligator
    Clasp/Buckle: 18K white gold and diamond-set Patek Philippe buckle
    Dimensions: 42mm. Diamater
    Signed: Case, dial, movement and buckle signed
    Accessories: Accompanied by presentation box, Certificate of Origin dated 2 December 2004 confirming the present watch is fitted with 118 diamonds that total 11.55 carats, a black dial that is fitted with 9 diamonds and 1 baguette diamond, product literature and leather wallet. Further accompanied by Patek Philippe Extract from the Archives confirming production of the present watch in 18k white gold with black dial, 1 baguette-cut diamond and 9 chaton-set diamond hour markers in 2003 and its subsequent sale on 10 December 2004.

  • Catalogue Essay

    Reference 5071 most notably combines exquisite gem-setting with haute horlogerie. Housing the famous Lemania based caliber CH 27-70, the model, along with sister reference 5070, was the first modern chronograph-only wristwatch that Patek Philippe produced. Reference 5070 and 5071 were the very last chronograph wristwatches to house a Lemania based movement. Its successor, the 5170, houses a movement that is entirely made in-house by Patek Philippe.

    Reference 5071 was only available to Patek Philippe's most exclusive clients and produced upon special request. It was incredibly time consuming for the firm to find such well-matched diamonds, and setting the baguette stones was extremely laborious. As a result, very few examples were manufactured, and the reference is very rare. In fact, according to research, only three examples have appeared on the auction market thus far, truly signifying its rarity, with the present watch being previously unknown.

    This masterpiece is set with 118 baguette-cut diamonds to the bezel, band, dial and throughout the lugs, weighing approximately 11.55 carats in total. The dial is furthermore set with 9 brilliant diamonds set in chatons, which gleam against the black background.

    The white gold case measures 42 millimeters, giving the watch incredible presence on the wrist. It is among Patek Philippe's largest wristwatches ever produced. Its rarity, coupled with fastidious diamond-setting makes this watch among the firm's most impressive and eye catching chronograph-only wristwatches.

    The present watch is furthermore accompanied by its accessories such as Certificate of Origin, leather wallet, product literature and fitted presentation box, further enhancing its collectibility.

  • 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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Ref. 5071
A highly attractive, large and impressive white gold and diamond-set chronograph wristwatch with fitted presentation box and original certificate

42mm. Diamater
Case, dial, movement and buckle signed

CHF150,000 - 250,000 

Sold for CHF310,000

Contact Specialist
Alexandre Ghotbi
+41 22 317 81 89

The Geneva Watch Auction: FIVE

Geneva Auctions 13 – 14 May 2017