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  • Manufacturer: Patek Philippe
    Year: Circa 2007
    Reference No: 5959P-001
    Movement No: 3’637’027
    Case No: 4’405’491
    Material: Platinum
    Calibre: Manual, cal. CHR 27-525 PS, 27 jewels
    Bracelet/Strap: Leather
    Clasp/Buckle: Platinum Patek Philippe pin buckle
    Dimensions: 33mm diameter
    Signed: Case, dial, movement and buckle signed
    Accessories: Accompanied by Patek Philippe Certificate of Origin stamped Patek Philippe S.A. Salons de Genève, instruction manual, product literature, photograph, leather portfolio, key, outer packaging and fitted presentation box.

  • Catalogue Essay

    Making its important debut in 2005, the Patek Philippe ref. 5959 is truly one of a kind paying its homage to early chronographs manufactured by the firm dating back to the 1920s. While chronograph wristwatches are adored by many collectors due to their masculinity and practicality, the ref. 5959 certainly ticks all the boxes with a slightly different approach.

    Almost identical in terms of design and aesthetics to the chronograph wristwatch manufactured in 1923 adopting a 33mm diameter case with thin screwed lugs, the ref. 5959 can be considered as the perfect replica. Powering the watch is Patek Philippe’s very first in-house split-seconds chronograph cal. CHR 27-525 PS extra flat column wheel movement measuring only a mere 5.25mm thickness, a new world record. In the realm of sports, split-seconds chronographs are widely used in horse races. During a race, watches with a split-second chronograph movement can measure two time intervals at once, meaning that lap times can be recorded with the split-second hand.

    Produced in platinum with two dial variants black and white, only 5 pink gold examples were released as a limited edition of 5 pieces (see lot 288 from RETROSPECTIVE: 2000 – 2020 Geneva Auction 8 November 2020). The present example in platinum with a white lacquered dial and painted black Breguet numerals is a jaw-dropping specimen boasting a perfect case with extremely minimal signs of use and wear. Discontinued in 2018, it is estimated that less than 100 examples of the reference were manufactured over the course of its production. Complete with its full set of accessories, the ref. 5959P-001 is definitely a must-have for collectors of fine and important chronograph timepieces.

  • 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 European Collector

832

Ref. 5959P-001
A very fine and exceptional platinum split-seconds chronograph wristwatch with Breguet numerals, white lacquered dial, Certificate of Origin and presentation box

Circa 2007
33mm diameter
Case, dial, movement and buckle signed

Estimate
HK$1,248,000 - 2,028,000 
€134,000-218,000
$160,000-260,000

Sold for HK$1,890,000

Contact Specialist

Thomas Perazzi
Head of Watches, Asia
+852 2318 2031
[email protected]

The Hong Kong Watch Auction: XII

Hong Kong Auctions 5-6 June 2021