Patek Philippe - The Hong Kong Watch Auction: TWO Hong Kong Monday, May 30, 2016 | Phillips

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  • Manufacturer: Patek Philippe
    Year: Circa 2009
    Reference No: 5970
    Movement No: 3'931'206
    Case No: 4'485'187
    Material: Platinum
    Calibre: Mechanical, CH 24-70 Q, 24 jewels
    Bracelet/Strap: Black Patek Philippe crocodile leather strap
    Clasp/Buckle: Platinum Patek Philippe folding deployant clasp
    Dimensions: 40 mm. diameter
    Signed: Case, dial and movement signed
    Accessories: With Patek Philippe Certificate of Origin dated 24 July 2009, additional case back, setting pin, product literature, instruction manual, sales tag, leather wallet, slip case, fitted presentation box and outer packaging.

  • Catalogue Essay

    Reference 5970 is the successor of the celebrated reference 3970. Introduced to the market at the Basel Fair in 2005 and ceased production in 2011, the reference has long been discontinued and is currently replaced by the 5270. With the dial increased from 36 mm. to 40 mm., the watch offers excellent readability. As its predecessors’ reference 3970 and 5004, the reference 5970 was the last Patek Philippe chronograph to be fitted with the Lemania based plate and is still highly sought after by collectors.
    This present reference 5970 platinum fitted with a black dial is the most sought after from the series and is achieving the highest prices amongst its peers at auction. Still factory sealed and never been used, the watch is fresh to the market and completed with all original 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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Property From an Important Collector

Σ143

Ref. 5970
A fine and rare platinum perpetual calendar chronograph wristwatch with 24 hours, leap year indicator, moon phases, additional case back, original certificate and fitted presentation box, factory sealed

Circa 2009
40 mm. diameter
Case, dial and movement signed

Estimate
HK$1,000,000 - 2,000,000 

Sold for HK$1,600,000

Contact Specialist

Thomas Perazzi
Head of Watches, Asia
+852 2318 2001
thomasperazzi@phillips.com

Ziyong Ho
Specialist
+852 9386 2032
ziyongho@phillips.com

Jill Chen
Specialist
+852 2318 2033
jillchen@phillips.com

The Hong Kong Watch Auction: TWO

Hong Kong Auction 31 May 2016