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

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  • Manufacturer: Patek Philippe
    Year: 1999
    Reference No: 5004R-014
    Movement No: 879’801
    Case No: 4’060’528
    Material: 18K pink gold
    Calibre: Manual, cal. CHR27-70 G, 28 jewels
    Bracelet/Strap: Leather
    Clasp/Buckle: 18K pink gold Patek Philippe deployant clasp
    Dimensions: 36mm diameter
    Signed: Case, dial, movement and clasp signed
    Accessories: Accompanied by Patek Philippe leather foilo, additional pink gold solid caseback, setting pin, service hang tags, leather case and presentation box. Further delivered with Patek Philippe Extract from the Archives confirming production of the present watch with Opaline dial and rose gold Arabic numerals indexes in 1999 and its subsequent date of sale on 10th April 2000.

  • Catalogue Essay

    Known for its mechanical prowess, the ref. 5004 is a holy grail with an estimated output of 12 examples only per annum. This reference was made between 1994 and 2010 and was the first serially produced perpetual calendar split-seconds chronograph with moon phases by the firm. Celebrated as one of the great neo-classical high complication models in the Patek Philippe catalogue, it was one of the last models to be powered by the “Nouvelle Lemania” based calibre, a powerful movement compacted into a 36mm case.

    The ref. 5004 is an exemplary demonstration of Patek Phillipe’s impressive technological achievements. Fusing form and function, it takes after the preceding ref. 3970 with subtle differences, such as a thicker case, granting it a much more wrist presence, while remaining superbly elegant and understated. In terms of practicality, the presence of the 24-hour and leap-year indications are enormously useful when it comes to setting the watch. Not to mention, this tastefully arranged layout is uncluttered and easy on the eyes, allowing its wearer to fully admire the dial and read the time without distractions.

    Dubbed as a highly collectible specimen, the present pink gold ref. 5004R-014 is a true gem from 1999, offered in excellent overall condition. The model was serially produced in the three golds and platinum, plus one titanium example and a number of stainless steel pieces made with the last calibre available. Out of the four "standard" precious metals, the pink gold version appears to be one of the scarcest, with an estimated production of around 200 examples. According to our research, the present timepiece is the 42nd to be identified in the market sporting the exact configuration.

  • 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. 5004R-014
A highly important, rare and attractive pink gold perpetual calendar split-seconds chronograph wristwatch with moon phases, leap year, 24-hour indication, additional solid caseback and presentation box

36mm diameter
Case, dial, movement and clasp signed

HK$980,000 - 1,960,000 

Sold for HK$1,778,000

Contact Specialist

Thomas Perazzi
Head of Watches, Asia
+852 2318 2031

The Hong Kong Watch Auction: XVI

Hong Kong Auction 24 - 25 May 2023