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  • Manufacturer: Patek Philippe
    Year: 1998
    Reference No: 5020
    Movement No: 3'045'747
    Case No: 2'994'195
    Material: 18k pink gold
    Calibre: Mechanical, CH 27-70 Q, 24 jewels
    Bracelet/Strap: Brown Patek Philippe crocodile leather strap
    Clasp/Buckle: 18k pink gold Patek Philippe Henri Stern buckle
    Dimensions: 37 mm. width
    Signed: Case, dial and movement signed
    Accessories: With Patek Philippe Certificate of Origin dated June 1998, additional case back, setting pin and slip case. Furthermore delivered with Patek Philippe Extract from the Archives confirming production of the present watch in 1998 and its subsequent sale on 11 May 1998.
    Literature: For another example of a reference 5020, please see Patek Philippe Geneve by Martin Huber and Alan Banbary, page 399.

  • Catalogue Essay

    Patek Philippe reference 5020 is a very rare and unusual watch. Hardly ever seen at auction in the last 20 years, scholarship is yet to determined exactly how many were made. At the time when the watch was being manufactured, because of the unusual design, the watch was not very popular and therefore very limited numbers were made. Today, the reference is far more popular and very sought after.

    Consigned by a notable private collector, the watch is in excellent overall condition and is still retaining all of its 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 of a Notable Private Collector

Ο Σ1149

Ref. 5020
A very fine and rare pink gold perpetual calendar chronograph cushion-shaped wristwatch with moon phases, leap year indicator, 24 hours, Breguet numerals, original certificate and additional case back

1998
37 mm. width
Case, dial and movement signed

Estimate
HK$1,400,000 - 2,000,000 
€169,000-241,000
$180,000-250,000

Sold for HK$1,875,000

Contact Specialist
Thomas Perazzi
Head of Watches, Asia
+852 2318 2030
[email protected]

Ziyong Ho
Specialist
+852 9386 2032
[email protected]

Jill Chen
Specialist
+852 2318 2033
[email protected]

The Hong Kong Watch Auction: FOUR

Hong Kong Auction 30 May 2017