Patek Philippe - The Hong Kong Watch Auction: FOUR Hong Kong Monday, May 29, 2017 | Phillips

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  • Manufacturer: Patek Philippe
    Year: 2008
    Reference No: 5050
    Movement No: 3'720'372
    Case No: 2'972'173
    Material: 18k yellow gold
    Calibre: Automatic, 324/336, 30 jewels
    Bracelet/Strap: Brown Patek Philippe crocodile leather strap
    Clasp/Buckle: 18k yellow gold Patek Philippe folding deployant clasp
    Dimensions: 35 mm. diameter
    Signed: Case, dial and movement signed
    Accessories: With Patek Philippe Certificate of Origin dated 15 April 2009, additional case back, setting pin, sales tag, fitted presentation box and outer packaging. Further delivered with Patek Philippe Extract from the Archives confirming production of the present watch with silvery opaline-white dial and Breguet numerals in yellow gold in 2008 and its subsequent sale on 15 April 2009.
    Literature: For another example of reference 5050, please see Patek Philippe Wristwatches by Martin Huber and Alan Banbery, page 364.

  • Catalogue Essay

    Launched at Basel in 1993, reference 5050 was Patek Philippe's first perpetual calendar wristwatch to be fitted with a retrograde date function that was produced in a series.

    The present watch was manufactured in 2008 - six years after the reference ceased production. It is believed that this example, featuring an archive-confirmed special silvery opaline-white dial and yellow gold Breguet numerals, was specially produced for one of Patek Philippe's most distinguished clients. To our knowledge, the present watch is the only known example with such a dial that has appeared on the market.

    This watch is preserved in excellent condition, with very crisp hallmarks to the side of the case. The back of the lugs furthermore display a sharp gold mark and the case maker mark for Favre & Perret SA. A complete set, it is accompanied by its original certificate, additional case back and fitted 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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Σ1154

Ref. 5050
A fine and rare yellow gold perpetual calendar wristwatch with sweep centre seconds, retrograde date, moon phases, leap year indicator, special dial with Breguet numerals, additional case back and original certificate

2008
35 mm. diameter
Case, dial and movement signed

Estimate
HK$540,000 - 800,000 
€65,000-96,300
$70,000-100,000

Sold for HK$687,500

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: FOUR

Hong Kong Auction 30 May 2017