Patek Philippe - The Hong Kong Watch Auction: XVI Hong Kong Wednesday, May 24, 2023 | Phillips
  • Manufacturer: Patek Philippe
    Year: Circa 1999
    Reference No: 5070J-000
    Movement No: 3’146’244
    Case No: 4’052’617
    Material: 18K yellow gold
    Calibre: Manual, cal. 27-70 CHR, 24 jewels
    Bracelet/Strap: Crocodile
    Clasp/Buckle: 18K yellow gold Patek Philippe deployant clasp
    Dimensions: 42mm diameter
    Signed: Case, dial, movement and clasp signed
    Accessories: Accompanied by Patek Philippe Certificate of Origin stamped Patek Philippe SA Paris and dated March 1999, instruction manual, product literature, leather folio, fitted presentation box and outer packaging. Further delivered with Patek Philippe Extract from the Archives confirming the present timepiece's date of manufacture in 1999 and its subsequent date of sale on 27th January 1999.

  • Catalogue Essay

    Taking cues from the holy grail ref. 2512, the first series of the Patek Philippe ref. 5070 was released in the same handsome black-gold livery as its predecessor with distinct Art Deco influences. Around 1000 examples of the yellow gold black dialled variant were made between 1998 and 2002. Following the ref. 5070J, the second series consisted of the 5070R and 5070G, where both references enjoyed a production run of 6 years with approximately 1000 examples each. Finally, the platinum ref. 5070P was born in 2008, marking the final chapter on the model with an estimated 500 examples made. An important reference in the history of Patek Philippe chronographs, the ref. 5070 was the last reference to employ the caliber 27-70 CHR based on the Lemania 2310 stamped with a Geneva seal. Retiring in 2009, the ref. 5070 made way for the ref. 5170, the first chronograph-only reference fitted with the firm’s very first in-house movement.

    Divinely dressed in yellow gold, boasting a suave black dial with matching gold graphics and applied Arabic numerals, this configuration is arguably the most desirable in terms of its colour coordination and its homage to the legendary piece-unique ref. 2512. One of the firm’s most undervalued references, the present beautifully preserved example is from circa 1999 and is offered with its full set of accessories, including a rare wooden presentation box featuring a brass plaque with a Patek Philippe Paris Boutique designation. This is no doubt an irresistible chance for collectors to acquire an important Patek Philippe chronograph reference and the last to be stamped with a Geneva seal.

  • 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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Σ938

Ref. 5070J-000
A fine, attractive and rare yellow gold chronograph wristwatch with Certificate of Origin and presentation box

Circa 1999
42mm diameter
Case, dial, movement and clasp signed

Estimate
HK$300,000 - 550,000 
€34,700-63,700
$38,500-70,500

Sold for HK$635,000

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