Patek Philippe - The Geneva Watch Auction: XIX featuring the Guido Mondani Collection Geneva Saturday, May 11, 2024 | Phillips

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  • Condition Report

  • Manufacturer: Patek Philippe
    Year: 2008
    Reference No: 5970J-001
    Movement No: 3'049'606
    Case No: 4'462'717
    Material: 18K yellow gold
    Calibre: Manual, cal. CH27-70 Q, 24 jewels, stamped with the Geneva Seal
    Bracelet/Strap: Leather
    Clasp/Buckle: 18K yellow gold Patek Philippe deployant clasp
    Dimensions: 40mm Diameter
    Signed: Case, dial and movement signed
    Accessories: Accompanied by Patek Philippe Certificate of Origin dated December 09, 2008, product literature, leather document holder, additional caseback, cardboard sleeve, setting pin, wooden presentation box and outer packaging.

  • Catalogue Essay

    The Patek Philippe reference 5970 has now rightfully earned its place as one of the most cherished and sought-after neo-vintage Patek Philippe models. Serving as the proud successor to Patek Philippe's lineage of perpetual calendar chronographs, which began with the reference 1518 and continued through the renowned 2499 and 3970, this timepiece was introduced in 2004. However, its presence in the catalog was relatively brief, spanning only seven years – the shortest duration for any perpetual calendar chronograph model from Patek Philippe. In 2011, it made way for the reference 5270, housing Patek Philippe's inaugural in-house chronograph caliber and marking the end of the Nouvelle Lemania-based movement in the reference 5970, celebrated as a Patek Philippe technical masterpiece.

    Remarkably, the reference 5970 follows a distinctive production timeline, with white and pink gold models available from 2004 to 2007, the yellow gold variant was made available only in 2008, and the concluding two years, 2009 and 2010, featuring the platinum version. Consequently, the existing yellow gold version is speculated to be the rarest among them – an unusual occurrence for Patek Philippe, where yellow gold typically prevails as the most common metal, at least until the early 2000s. Aesthetically, there is a noticeable "return to the origin": while reference 2499 (2nd series onward) and reference 3970 adopted round pushers, the reference 5970 reverts to rectangular pushers, reminiscent of the initial models in the series – the highly sought-after references 1518 and 2499 1st series. The present yellow gold model enhances this vintage ambiance, aligning with the historical norm for vintage Patek Philippe complicated pieces. Further preserved in excellent overall condition the present yellow gold Patek Philippe reference 5970 from 2008 is further accompanied by its full and complete set of accessories.

  • 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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152

Ref. 5970J-001
A fine and attractive yellow gold perpetual calendar chronograph wristwatch with moon phases, 24-hour, leap year indication, additional solid caseback, certificate of origin and presentation box

2008
40mm Diameter
Case, dial and movement signed

Estimate
CHF80,000 - 160,000 
€81,800-164,000
$87,500-175,000

Place Advance Bid
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

The Geneva Watch Auction: XIX featuring the Guido Mondani Collection

Geneva Auction 11 - 12 May 2024