Patek Philippe - The Hong Kong Watch Auction: X Hong Kong Thursday, July 9, 2020 | Phillips

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  • Manufacturer: Patek Philippe
    Year: 1995
    Reference No: 5050
    Movement No: 1’957’603
    Case No: 2’980’959
    Material: Platinum
    Calibre: Automatic, cal. 315/136, 31 jewels
    Bracelet/Strap: Crocodile
    Clasp/Buckle: Platinum Patek Philippe pin buckle
    Dimensions: 35mm diameter
    Signed: Case, dial, movement and buckle signed
    Accessories: Further accompanied by undated Patek Philippe Certificate of Origin stamped Fratelli Piccini, Giollieri, setting pin, additional solid caseback, leather folio, instruction manual, product literature, outer packaging and fitted winding presentation box. Further delivered with Patek Philippe Extract from the Archives confirming the date of manufacture of the present timepiece in 1995 and its subsequent date of sale on 4th June 1997.
    Provenance: Reginald H. Fullerton, Jr
    Sotheby's, New York, The Late Reginald H. Fullerton, Jr and his grandfather Henry Graves, Jr., June 14 2012, lot 24

  • Provenance

    Reginald H. Fullerton, Jr
    Sotheby's, New York, The Late Reginald H. Fullerton, Jr and his grandfather Henry Graves, Jr., June 14 2012, lot 24

  • Catalogue Essay

    In the world of horology, few names garner as much respect and reverence as Henry Graves (1868-1953). A prominent banker and financier, Graves created one of the most important 20th-century watch collections. He had a keen eye and looked for perfection in each of his timepieces. He was known for some of the most important and interesting horological timepieces ever manufactured. His gentleman’s competition, for the worlds most complicated watch, with auto manufacturer James Ward Packard was legendary, and in 1933 Graves won the contest when Patek Philippe handed over his commissioned Supercomplication Supercomplication pocket watch featuring 24 individual complications. A unique and horological work of art, it was a marvel of Patek Philippe’s workmanship and technical prowess that remains unchallenged today. Upon his death, the collection passed to his daughter, and then to his grandson Reginald H. Fullerton Jr.

    Fullerton was a passionate collector like his grandfather, and throughout his years maintained his grandfather’s collection, and bought timepieces as well, including a very early 2497 for $1000 in 1960 with movement number 888’000. Over his lifetime he added to his collection including the present platinum reference 5050, which he acquired in 2003.

    Introduced at Baselworld in 1993, the reference 5050 was Patek Philippe’s first perpetual calendar wristwatch with retrograde date produced in series. The 35mm diameter two-piece case by Favre-Perret was launched in yellow gold, pink gold, white gold as well as platinum. Research estimates throughout its nine-year production span approximately 150 examples were encased in platinum in three series. The first featured, thin painted roman numerals, while the second series released in 1995 featuring the much-requested applied baton indexes, and an “Automatic” designation below the moon phase. The third series like the present platinum example had applied Roman numerals without the “Automatic” signature.

    The present reference 5050 first came to auction in 2012 during the Reginald H Fullerton, Jr auction, and now comes to the public market for the second time. Patek Philippe’s perpetual calendars are a wonderful example of craftsmanship, and this is a rare opportunity to own an example of their historical past and with an important horological lineage.

  • 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. 5050
A fine, attractive, and historically interesting platinum perpetual calendar wristwatch with moon phases, retrograde date, leap year indication, applied Roman numerals, Certificate of Origin and presentation box

35mm diameter
Case, dial, movement and buckle signed

HK$680,000 - 1,200,000 

Sold for HK$875,000

Contact Specialist

Thomas Perazzi

Head of Watches, Asia
+852 2318 2031

[email protected]


The Hong Kong Watch Auction: X

Hong Kong Auction 10 July 2020