Patek Philippe - The Watch Auction: One Geneva Saturday, May 9, 2015 | Phillips

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  • Manufacturer: Patek Philippe
    Year: 1994
    Reference No: 5020
    Movement No: 3’045’108
    Case No: 2’956’051
    Material: 18K white gold
    Calibre: Manual, CH27-70 Q
    Bracelet/Strap: Leather
    Clasp/Buckle: Platinum deployant clasp signed PPC
    Dimensions: 36mm Wide
    Signed: Case, dial and movement signed
    Accessories: With Extract from the Archives confirming production of the present watch in 1994 and its subsequent sale on January 20th, 1995.

  • Catalogue Essay

    The “fifty twenty” is a very intriguing reference. Manufactured in the mid Nineties there have only been 7 other examples in white gold to have appeared on the market in the last twenty years. At the time of its launch reference 5020 was too avant-garde for Patek Philippe’s clientele and failed to attract sufficient interest in order to become a success. Consequently, production remained rather small. Today, its cushion-shaped case form is much more popular and, despite mechanically being identical to its more classic sister model reference 3970, it enjoys much greater popularity within the collector’s community. The present example in white gold was never before offered at auction. Phillips in Association with Bacs & Russo wishes to thank the collector who generously donated this lot which will be sold without reserve. We are honoured to have been chosen for this charitable auction. SAVE THE CHILDRENSave the Children is the largest independent children's rights organisation in the world and has been working specifically for the rights of children since 1919. Save the Children is active in over 120 countries, providing medical care, food, education and protection for children, regardless of their background, gender or religious beliefs. The organisation fights against exploitation, abuse and neglect of children. Helping them now and in the long term. Save the Children is politically, ideologically, economically and religiously independent. www.savethechildren.chPhillips in Association with Bacs & Russo wishes to thank the collector who generously donated this lot which will be sold without reserve.Phillips in Association with Bacs & Russo is honoured to have been chosen for this charitable auction.

  • 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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Lot offered with No Reserve

Ref. 5020
A very rare white gold perpetual calendar chronograph wristwatch with moon phases and Breguet numerals, sold to benefit Save the Children

18k white gold
36mm Wide
Case, dial and movement signed

CHF120,000 - 220,000 

Sold for CHF203,000

Contact Specialist
Nathalie Monbaron
+41 22 317 81 83

The Watch Auction: One

Geneva Auction 10 May 2015 6:30pm