Patek Philippe - Hong Kong Watch Auction: THREE Hong Kong Monday, November 28, 2016 | Phillips
  • Manufacturer: Patek Philippe
    Year: 2004
    Reference No: 5070
    Movement No: 3'362'033
    Case No: 4'257'038
    Material: 18k white gold
    Calibre: Mechanical, 27-70, 24 jewels
    Bracelet/Strap: Black Patek Philippe crocodile leather strap
    Clasp/Buckle: 18k white gold Patek Philippe folding deployant clasp
    Dimensions: 42 mm. diameter
    Signed: Case, dial and movement signed
    Accessories: With Patek Philippe Extract from the Archives confirming production of the present watch with silvered dial and black Arabic gold indexes in 2004 and its subsequent sale on 10 August 2004.

  • Catalogue Essay

    Patek Philippe's reference 5070 was first released in 1998. At the time of production, the watch was highly unusual, and immediately distinguished by its large 42 mm case size. The movement was based on a Lemania ébauche. Reference 5070 was the very last chronograph wristwatch to house a non in-house movement. Its successor, the 5170, houses a movement that is entirely made in-house by Patek Philippe.

    The present watch is exceedingly rare as the dial is furthermore signed by Tiffany & Co. The present watch is the second 'double signed' 5070 example known to ever appear on 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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Ref. 5070
A fine, rare and large white gold chronograph wristwatch, retailed by Tiffany & Co.

42 mm. diameter
Case, dial and movement signed

HK$400,000 - 600,000 

Hong Kong Watch Auction: THREE

Hong Kong Auction 29 November 2016