Patek Philippe - The Geneva Watch Auction: XVIII Geneva Friday, November 3, 2023 | Phillips

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  • Manufacturer: Patek Philippe
    Year: 2004
    Reference No: 5070J-001
    Movement No: 3'147'995
    Case No: 4'202'188
    Material: 18K yellow gold
    Calibre: Manual, cal. 27-70 CHR, 24 jewels
    Bracelet/Strap: Patek Philippe crocodile strap
    Clasp/Buckle: 18K yellow gold Patek Philippe deployant clasp
    Dimensions: 42mm Diameter
    Signed: Case, dial, movement and clasp signed
    Accessories: Accompanied by Patek Philippe Certificate of Origin dated 2004, fitted presentation box and outer packaging.

  • Catalogue Essay

    Introduced in 1998, the Patek Philippe reference 5070 is the first chronograph-only wristwatch since the famed reference 1463 was discontinued in the 1960s. Historically important, the Patek Philippe reference 5070 was the last chronograph to employ the caliber 27-70 CHR based on the Lemania 2310 stamped with the Geneva seal.

    Featuring an oversized 42mm case diameter, the black attractive dial features matching gold graphics and applied Arabic numerals. Released in a total of four metals, the present configuration is arguably the most desirable in terms of its colour combination and its homage to the legendary piece-unique ref. 2512.

    Possibly one of the firm’s most undervalued references, the present Patek Philippe reference 5070 from 2004 is preserved in excellent overall condition and is accompanied by its certificate of origin and presentation box.

  • 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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Σ126

Ref. 5070J-001
A fine, attractive and rare yellow gold chronograph wristwatch with certificate of origin and presentation box

2004
42mm Diameter
Case, dial, movement and clasp signed

Estimate
CHF30,000 - 60,000 
€31,100-62,300
$33,000-65,900

Sold for CHF69,850

Contact Specialist

Alexandre Ghotbi
Deputy Chairman, Watches, Head of Watches, Europe, and Middle East

+41 79 637 17 24
AGhotbi@phillips.com

Tiffany To
Head of Sale, Geneva

+41 79 460 55 88
TiffanyTo@phillips.com

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The Geneva Watch Auction: XVIII

Geneva Auction 3 - 4 November 2023