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

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  • Manufacturer: Patek Philippe
    Year: Circa 2004
    Reference No: 5070G-001
    Movement No: 3’362’049
    Case No: 4’256’956
    Material: 18K white gold
    Calibre: Manual, cal. 27-70 CHR, 24 jewels
    Bracelet/Strap: Leather
    Clasp/Buckle: 18K white gold Patek Philippe deployant clasp
    Dimensions: 42mm diameter
    Signed: Case, dial, movement and clasp signed
    Accessories: Accompanied by undated Patek Philippe Certificate of Origin stamped Mario Barraja S.R.L., instruction manual, product literature, leather folio, hang tag, fitted presentation box and outer packaging.

  • Catalogue Essay

    The Patek Philippe ref. 5070 was first introduced at the 1998 Baselworld. Sending shockwaves across the board, this large 42mm wristwatch marked a momentous milestone for the firm as the first modern chronograph-only wristwatch since the release of ref. 1463. A worthy and highly anticipated successor to this classic chronograph, the ref. 5070 is fitted in a water-resistant case with a screw-down case back.

    The reference 5070 enjoys a unique spot in Patek Philippe’s history as one of the largest watches it had produced and the last chronograph to use a modified, Lemania 2310-based ébauche before Patek Philippe switched to an in-house calibre. Despite its big case size, the relatively slim profile and downturned lugs lends the watch a sophisticated and comfortable presence on the wrist.

    Introduced in a total of four different case materials, including yellow gold, pink gold, white gold and platinum, the white gold variant was first introduced in 2001 and was discontinued in 2006 with approximately 1,000 examples produced in the respective metal.

    A stunning example, is the present Patek Philippe ref. 5070G-001 is the 92nd publicly known example and is accompanied by its original accessories and will be a fantastic addition to any collection.

  • 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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937

Ref. 5070G-001
An exceptionally well-preserved, very fine and attractive white gold chronograph wristwatch with Certificate of Origin and presentation box

Circa 2004
42mm diameter
Case, dial, movement and clasp signed

Estimate
HK$270,000 - 510,000 
€31,500-59,500
$34,600-65,400

Sold for HK$596,900

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