Patek Philippe - The Geneva Watch Auction: XII Geneva Saturday, November 7, 2020 | Phillips

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  • Manufacturer: Patek Philippe
    Year: 1999
    Reference No: 5020P
    Movement No: 3'045'481
    Case No: 2'956'200
    Model Name: "TV Screen"
    Material: Platinum
    Calibre: Manual, cal. CH 27-70 Q, 24 jewels
    Bracelet/Strap: Platinum Patek Philippe bracelet measuring 180mm
    Clasp/Buckle: Platinum
    Dimensions: 27mm Width
    Signed: Case, dial, movement and bracelet signed
    Accessories: Accompanied by Patek Philippe Extract from the Archives confirming production of the present watch in 1999 with rose dial, diamond indexes and platinum bracelet dial, and its subsequent sale on June 29, 2000.

  • Catalogue Essay

    There is a sense of unabashed exhilaration when discovering a watch previously unknown especially in such a theatrical combination as the present Patek Philippe reference 5020 in platinum with and incredible salmon dial with metallic accents, diamond markers and a surprising and lavish platinum bracelet…all confirmed by the Extract from the Archives.

    In fact only three reference 5020 in platinum with salmon dial and diamond markers are known, two have a platinum bracelet of which the present example is the only one known with platinum bracelet confirmed by the Patek Philippe Extract from the archives. In fact the case of the present reference 5020 is different to other examples as to support the sheer heft of the platinum bracelet the lugs have been drilled to allow a tube to be inserted and held by screws on each side of the lugs.

    The exhilaration turns into euphoria when result of research shows that this model is the only known in this configuration as confirmed by the the Extract - making it most probably unique.

    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. It 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 set 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.

    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.

  • 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. 5020P
An impressive and extremely rare cushion shaped platinum perpetual calendar chronograph wristwatch with moonphases, salmon dial, diamond indexes and platinum bracelet

27mm Width
Case, dial, movement and bracelet signed

CHF350,000 - 700,000 

Sold for CHF585,900

Contact Specialist

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

41 79 637 1724

The Geneva Watch Auction: XII

Geneva Auction 6 - 7 November 2020