Patek Philippe - The Hong Kong Watch Auction: X Hong Kong Friday, July 10, 2020 | Phillips

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  • Manufacturer: Patek Philippe
    Year: Circa 2014
    Reference No: 5575G-001
    Movement No: 5’903’732
    Case No: 6’055’057
    Model Name: World Time Moon
    Material: 18K white gold
    Calibre: Automatic, cal. 240 HU LU, 35 jewels
    Bracelet/Strap: Crocodile
    Clasp/Buckle: 18K white gold Patek Philippe deployant clasp
    Dimensions: 40mm diameter
    Signed: Case, dial, movement and clasp signed
    Accessories: Further accompanied by Patek Philippe Certificate of Origin dated 29 May 2015, commemorative coin, 18K white gold setting pin, hangtag, leather envelop with product literature, Patek Philippe wooden presentation box and outer packaging.

  • Catalogue Essay

    In 2014 Patek Philippe celebrated its 175th anniversary by releasing a collection of luxury limited edition watches that ranged from their Grandmaster Chime timepiece, to elegant platinum hourly chiming Jump Hour, a selection of multi-scale chronograph watches and like the present, a World Time wristwatch with moon phase. The collection was the epitome of the brand’s long and prestigious history reflecting on complicated movements and aesthetic design. The reference 5575, which was also released in a woman’s version with diamonds, Please see next lot, is a reinterpretation of previous world time watches like the references 5110 and 5130. The limited-edition case featured lyre-style lugs, and no crown guards found on the earlier models. The watch featured the upgraded calibre 240 LU HU, an ultra-thin micro-rotor automatic with moon phase function. This was the first time Patek Philippe included a second complication to their famed World Time collection.

    The reference 5575 is a classic clean model enhanced with the moon phase. Watchmakers manufactured two thin discs, which centre the watch face allowing the wearer to see a starry night with a waxing and waning moon as each month progresses. In a twist to their traditional world time complications, the Central European time zone, which typically features the city Paris, was changed to Geneva in honour of the home city of Patek Philippe. The model was produced in 1300 white gold examples and is a wonderful tribute to one of the brands most iconic complications, the world time wristwatch, which they first introduced in the 1930s. The present example is in excellent overall condition and is offered for the first time at auction complete with a certificate of origin, presentation box and commemorative coin. The new case design and technical movement give collectors a new look at a brand that has been a leader in the world of horology for more than 175 years.

  • 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 DISTINGUISHED PRIVATE COLLECTOR

Σ878

Ref. 5575G-001
A rare and fine limited edition white gold world time wristwatch with moon phase, Certificate of Origin and presentation box, made for the 175th anniversary of Patek Philippe

Circa 2014
40mm diameter
Case, dial, movement and clasp signed

Estimate
HK$500,000 - 700,000 
€54,600-76,400
$64,100-89,700

Sold for HK$687,500

Contact Specialist

Thomas Perazzi

Head of Watches, Asia
+852 2318 2001

WatchesHK@phillips.com

 

The Hong Kong Watch Auction: X

Hong Kong Auction 10 July 2020