Patek Philippe - The Geneva Watch Auction: XVI Geneva Saturday, November 5, 2022 | Phillips

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  • Manufacturer: Patek Philippe
    Year: 2008
    Reference No: 5070P
    Movement No: 3'715'266
    Case No: 4'454'292
    Material: Platinum
    Calibre: Manual, cal. CH 27-70, 24 jewels
    Bracelet/Strap: Leather
    Clasp/Buckle: Platinum Patek Philippe deployant clasp
    Dimensions: 42mm Diameter
    Signed: Case, dial, movement and clasp signed
    Accessories: Accompanied by Patek Philippe Certificate of Origin dated October 10, 2008 and stamped Tiffany & Co, product literature, wallet, presentation box and outer packaging.

  • Catalogue Essay

    Reference 5070 was Patek Philippe’s first modern-era chronograph-only wristwatch released by the brand since the 1960s saw the end of production for the reference 1463.

    Introduced in 1998 at the Basel Fair, it was something of a shock to collectors that Patek would choose to reintroduce their chronograph-only line in such bold fashion – particularly the 42mm case dimension and the dramatically thick, stepped bezel.

    In 2008, in celebration of the 10th anniversary of this reference Patek Philippe introduced a platinum-cased version with an incredible blue dial. In production for only 2 short years, the platinum reference 5070 was manufactured in the fewest number of pieces of any reference 5070.

    The dial color is of particular interest, as it is difficult to accurately pinpoint the exact shade of blue. Patek itself refers to the color as “bleu nuage” or "cloud blue", but truly there are myriad names for the colors that come out at different angles or light sources.

    However, the desirability and rarity of the present example reach Himalayan heights thanks to the subtle signature near the 6 o’clock position: Tiffany & Co. making the present example the only known platinum reference 5070 with Tiffany & Co. signature, the result being the arrival on the market of the present example an incredible opportunity not to be missed.

  • 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. 5070P
An attractive platinum chronograph wristwatch with certificate of origin and presentation box, retailed by Tiffany & Co. and the only publicly known example

2008
42mm Diameter
Case, dial, movement and clasp signed

Estimate
CHF200,000 - 400,000 
€206,000-412,000
$200,000-401,000

Sold for CHF378,000

Contact Specialist

Alexandre Ghotbi
Head of Watches, Continental Europe and the Middle East
+41 22 317 81 81
[email protected]
 

Tiffany To
Head of Sale, Geneva
+41 22 317 96 63
[email protected]

The Geneva Watch Auction: XVI

Geneva Auction 5 - 6 November 2022