Patek Philippe - The Geneva Watch Auction: XVII Geneva Saturday, May 13, 2023 | Phillips

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  • Manufacturer: Patek Philippe
    Year: 2013
    Reference No: 5074P-001
    Movement No: 5'001'503
    Case No: 4'631'636
    Material: Platinum
    Calibre: Automatic, R 27 Q, 39 jewels
    Bracelet/Strap: Alligator
    Clasp/Buckle: Platinum Patek Philippe pin buckle
    Dimensions: 42mm Diameter
    Signed: Case, dial, movement and pin buckle signed
    Accessories: With Patek Philippe Certificate of Origin dated November 25, 2013, additional caseback, setting pin, portfolio photograph of the present watch, product literature, instruction manual, leather portfolio, fitted presentation box and outer packaging.

  • Catalogue Essay

    Since the turn of the Millennium, the "50" series of Patek Philippe watches including the reference 5070, 5016 and 5074 have gained notoriety for their impressive bold designs, underscoring the classic DNA of Switzerland's last family owned Genevan manufacture. The reference 5074 however trumps most, with a direct lineage to the 3974, a watch launched to celebrate the 150th Anniversary of the brand and is now a collecting icon. Both share a self-winding calibre, a perpetual calendar with moon phases and crucially a minute repeater. However the 5074 boasts an impressive 42mm case housing a cathedral gong formed from a special alloy wrapped around the movement one and three-quarter times to produce a prolonged reverberation. Muscle was added to the references' intellectual might.

    Patek Philippe released the reference 5074 in yellow gold in 2001 to the delight of collectors and lovers of high horology, replacing it with the pink gold model in 2005, and the coveted platinum edition was later introduced in 2009. Without question a 21st century take on the grand complication watches of the mid-20th century's golden age of horology, it introduced to a new generation mechanical complexity with a number of elements such as the downturned fluted lugs reminiscent of those found on the iconic 2499 to produce a recipe that expressed the perfect combination of vintage and complication.

    Fresh to the auction market and consigned from the original owner, the present watch was brand new, complete with a full suite of accessories and double sealed originally. It was only unsealed on January 17, 2023 for the purpose of shipping the timepiece. A video of the unsealing of the timepiece is available to view, and the timepiece is also accompanied by a signed letter from Phillips' in-house counsel attesting this fact. As such, it is a study of originality, showing how a reference 5074 should look when it is brand new, from the curves on the lugs, to the fluting and all the hallmarks - all are original, as if the timepiece left the Patek Philippe manufacture yesterday.

  • 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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Σ137

Ref. 5074P-001
A very fine, recently unsealed and very rare platinum minute repeating perpetual calendar wristwatch with moon phases, 24 hours, leap year indicator, additional caseback, original certificate and fitted presentation box

2013
42mm Diameter
Case, dial, movement and pin buckle signed

Estimate
CHF350,000 - 700,000 
€364,000-729,000
$400,000-800,000

Sold for CHF698,500

Contact Specialist

Alexandre Ghotbi
Head of Watches, Continental Europe and the Middle East

+41 79 637 17 24
AGhotbi@phillips.com

Tiffany To
Head of Sale, Geneva

+41 79 460 55 88
TiffanyTo@phillips.com

The Geneva Watch Auction: XVII

Geneva Auction 13 - 14 May 2023