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

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  • Manufacturer: Patek Philippe
    Year: Circa 2008
    Reference No: 5970J-001
    Movement No: 3’049’435
    Case No: 4’458’208
    Material: 18K yellow gold
    Calibre: Manual, cal. CH27-70 Q , 24 jewels
    Bracelet/Strap: Crocodile
    Clasp/Buckle: 18K yellow gold Patek Philippe deployant clasp
    Dimensions: 40mm diameter
    Signed: Case, dial, movement and clasp signed
    Accessories: Accompanied by Patek Philippe Certificate of Origin stamped Gioielleria Fasoli S.p.A, Italy dated August 2008, additional solid case back, setting pin, instruction manual, product literature, leather folio, fitted presentation box and outer packaging.

  • Catalogue Essay

    The Patek Philippe ref. 5970 was launched in 2004 paying its homage to the legendary 2499. With a contemporary approach to its aesthetics, the reference features a much larger case size measuring 40mm diameter, a significant increase from its predecessor. Whereas the reference 2499 (second series onward) and reference 3970 featured round pushers, the reference 5970 features rectangular pushers giving it an incomparable resemblance to the highly coveted and über rare reference 2499 first series. Furthermore, the reference was the last to feature a Lemania based caliber CH 27-70 Q and stamped with the Geneva seal before it was replaced by the firm's very first in-house perpetual calendar chronograph caliber via the ref. 5270 and stamped with the new Patek Philippe seal. Introduced in yellow gold, pink gold, white gold and platinum and produced for only seven years. Researches from scholars estimate that yellow gold examples were produced in approximately less than 1000 examples between 2008-2009, making it one of the rarer metal for the reference.

    The present example ref. 5970J-001 from circa 2008 is presented in excellent overall condition and is complete with the full set of accessories including the Certificate of Origin and an additional caseback, it is most definitely an example that would impress discerned Patek Philippe collectors. To our knowledge and through research, the present example is the 36th example publicly known in the market.

  • 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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Σ947

Ref. 5970J-001
A fine and attractive yellow gold perpetual calendar chronograph wristwatch with moon phases, 24-hour, leap year indication, additional solid caseback, Certificate of Origin and presentation box

Circa 2008
40mm diameter
Case, dial, movement and clasp signed

Estimate
HK$780,000 - 1,800,000 
€90,100-208,000
$100,000-231,000

Sold for HK$1,397,000

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