Patek Philippe - The Geneva Watch Auction: SIX Geneva Friday, November 10, 2017 | Phillips

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  • Manufacturer: Patek Philippe
    Year: 2002
    Reference No: 5020
    Movement No: 3'046'354
    Case No: 2'956'191
    Model Name: "TV Screen"
    Material: Platinum
    Calibre: Manual, CH27-70 Q, 24 jewels
    Bracelet/Strap: Leather
    Clasp/Buckle: Platinum Patek Philippe pin buckle
    Dimensions: 37mm. Wide
    Signed: Case, dial, movement and buckle signed
    Accessories: Accompanied by Certificate of Origin, Patek Philippe Extract from the Archives confirming production of the present watch in 2001, with black dial and Breguet numerals, and its subsequent sale on April 29, 2002, hangtag, setting pin, fitted box and product literature.
    Literature: Reference 5020 is illustrated in Patek Philippe Wristwatches by Martin Huber & Alan Banbery, second edition, p. 309.

  • Catalogue Essay

    Launched in 1994 and in production for about 8 years, Patek Philippe’s reference 5020, also known as the “TV Screen” due to its particular cushion shape was an alternative to the reference 3970 featuring the same complications (and mechanically identical): perpetual calendar with leap year, 24 hour indicator and chronograph.

    The reference 5020’s avant garde design and tasteful proportions sets it apart from other perpetual calendar chronographs from Patek Philippe.

    However, its unusual case shape elicited lukewarm reactions from clients leading to very low production numbers. It is believed that about 200 examples of reference 5020 were ever made, either in yellow, pink or white gold as well as in platinum. Platinum models were available either with a silver dial with Breguet numerals or with a black dial and diamond markers. In fact so rare is the platinum version that only 4 models with silver dial and Breguet numerals and 3 examples with black dial and diamond markers are known to date.

    What truly sets the present lot apart making it unique is the rich deep black dial adorned with Breguet numerals making this piece the only reference 5020 in platinum with this dial layout known and documented in the Patek Philippe Certificate of Origin.

    The ultra-rarity of the 5020, in any metal, already makes it covetable but scholarship shows that less than 20 platinum models were produced and amongst them only one in the present case/dial combination.

    Fresh to the market and in superb condition, the generous platinum case is crisp and is a magnificent frame for the theatrical and charismatic dial.

  • 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. 5020
An impressive and most probably unique cushion shaped platinum perpetual calendar chronograph wristwatch with moon phases, black dial and Breguet numerals

37mm. Wide
Case, dial, movement and buckle signed

CHF300,000 - 600,000 

Sold for CHF492,500

Contact Specialist
Alexandre Ghotbi
+41 22 317 81 89

The Geneva Watch Auction: SIX

Geneva Auctions 11 - 12 November 2017