Patek Philippe - The Hong Kong Watch Auction: XVI Hong Kong Wednesday, May 24, 2023 | Phillips

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  • Manufacturer: Patek Philippe
    Year: Circa 2012
    Reference No: 5961P-001
    Movement No: 5’597’821
    Case No: 4’762’055
    Material: Platinum and diamonds
    Calibre: Automatic, cal. CH 28-520 IRM QA 24H, 40 jewels
    Bracelet/Strap: Crocodile
    Clasp/Buckle: Platinum and diamond-set Patek Philippe deployant clasp
    Dimensions: 40mm diameter
    Signed: Case, dial, movement and clasp signed
    Accessories: Accompanied by Patek Philippe Certificate of Origin stamped Zong Chong Watch Co. Ltd., and dated 9th April 2012, instruction manual, product literature, leather folio, setting pin, hang tag, fitted presentation box and outer packaging.

  • Catalogue Essay

    Debuted in 2006, the Patek Philippe ref. 5960 bears the firm’s very first self-winding in-house chronograph movement, further enhanced with an additional annual calendar complication. Initially introduced in platinum with a grey dial, the reference evolved with various new case materials and dial configurations over time. Featuring a clean-cut dial layout, it features three apertures indicating the day, date and month sandwiched between the indexes from 10 to 2 o’clock. Furthermore, the highly coveted “bull's eye” chronograph counter is legibly positioned at 6 o’clock.

    In 2011, the ref. 5961P was released as the first of its kind to carry a baguette-cut diamond-set bezel, further adorned with diamond indexes and a frosted deployant clasp. Boasting a mesmerising ocean blue dial, the contrast against the bedazzled platinum case is extremely attractive with a subtle flare. Later additions of pink gold variants and other exuberant, rare iterations of platinum examples set in emerald, ruby and sapphire were launched.

    The present Patek Philippe ref. 5961P-001 is offered with its full set of accessories and preserved in single factory sealed condition. A perfect timepiece for collectors looking for a practical yet elegant utility, topped with a dash of flamboyance. The present timepiece is fresh-to-the-market and is the 20th publicly known example.

  • 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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Σ852

Ref. 5961P-001
A very fine and attractive platinum and diamond-set annual calendar chronograph wristwatch with power reserve, day and night indication, diamond-set indexes, Certificate of Origin and presentation box, single factory sealed

Circa 2012
40mm diameter
Case, dial, movement and clasp signed

Estimate
HK$550,000 - 1,100,000 
€64,100-128,000
$70,500-141,000

Sold for HK$952,500

Contact Specialist

Thomas Perazzi
Head of Watches, Asia
+852 2318 2001
WatchesHK@phillips.com

The Hong Kong Watch Auction: XVI

Hong Kong Auction 24 - 25 May 2023