Patek Philippe - The Hong Kong Watch Auction: XIV Hong Kong Friday, May 27, 2022 | Phillips

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  • Manufacturer: Patek Philippe
    Year: Circa 2016
    Reference No: 5970P-001
    Movement No: 3’931’829
    Case No: 4’503’594
    Material: Platinum
    Calibre: Manual, CH27-70 Q, 24 jewels
    Bracelet/Strap: Crocodile
    Clasp/Buckle: Platinum Patek Philippe deployant clasp
    Dimensions: 40mm diameter
    Signed: Case, dial, movement and clasp signed
    Accessories: Accompanied by Patek Philippe Certificate of Origin stamped Palermo & Gigante Italy dated 27th September 2016, instruction manual, product literature, additional solid caseback, setting pin, fitted presentation box and outer packaging.

  • Catalogue Essay

    Combining a complicated perpetual calendar chronograph mechanism with an enigmatic black dial, along with finely crafted platinum case, the reference 5970P is a wondrous symbiosis of Haute Horlogerie and supreme craftsmanship. At the time, it was the latest in a long series of widely-adored wristwatches to house this specific complication. The production run of each serially-produced perpetual calendar chronograph wristwatch is as follows: ref. 5970 (2004 – 2011), ref. 3970 (1987 - 2004). ref. 2499 (1949 - 1987), and ref. 1518 (1940 - 1951). According to our research, the ref. 5970 was the first model developed and designed by Thierry Stern upon his took the reins of leadership.

    Manufactured from 2004 to 2011, reference 5970 was Patek Philippe's very last perpetual calendar chronograph wristwatch series to use a Lemania 2310 based movement. With the introduction of successor reference 5270, Patek Philippe begin to use its own in-house movement.

    Due to its generous and modern case proportions, this reference is a favorite among the watch community. Since the model stopped production, it has only increased in popularity and collectability. Compared to its predecessor, reference 3970, reference 5970 has a much larger and heftier case size of 40 mm diameter.

    While the reference has enjoyed variations such as different gem-set bezels and various dial designs, examples cased in platinum like this watch are the true classics. The black dial immediately distinguishes the case metal, as does the subtle diamond between 6 o'clock - both indicate Patek Philippe's use of platinum.

    Fresh to the auction market, and preserved in pristine likely unworn condition, the gorgeous black beauty is accompanied with its Certificate of Origin, additional solid caseback, and 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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Ref. 5970P-001
A highly rare, “like-new” and attractive platinum perpetual chronograph wristwatch with moon phases, leap year indication, additional solid caseback, Certificate of Origin and presentation box

Circa 2016
40mm diameter
Case, dial, movement and clasp signed

HK$2,200,000 - 3,000,000 

Sold for HK$2,772,000

Contact Specialist

Thomas Perazzi
Head of Watches, Asia 
+852 2318 2001

The Hong Kong Watch Auction: XIV

Hong Kong Auction 27 - 28 May 2022