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  • Manufacturer: Patek Philippe
    Year: 1997
    Reference No: 5029
    Movement No: 1'904'088
    Case No: 4'015'628
    Material: 18K gold
    Calibre: Automatic, cal. R27PS, 39 jewels, stamped with the Geneva Seal
    Bracelet/Strap: Black Patek Philippe crocodile strap
    Clasp/Buckle: 18k gold Patek Philippe officer-style buckle
    Dimensions: 35mm diameter
    Signed: Case, dial and movement signed by maker. Case further signed by casemaker Jean-Pierre Hagmann.
    Accessories: With Patek Philippe Certificate of Origin signed by the Patek Philippe Magasin in Geneva and dated April 2, 1998, COSC Certificate dated October 17, 1997, limited edition Attestation, commemorative medal, numbered sale tag, leather wallet, fitted wooden presentation box and outer packaging. Furthermore delivered with Patek Philippe Extract from the Archives confirming production the present watch with champagne dial and 11 Breguet numerals in gold in 1997 and its subsequent sale on April 2, 1998.

  • Catalogue Essay

    Reference 5029 is part of the rarefied family of models released to commemorate the inauguration of Patek Philippe new manufacturing plant in Plan-les-Ouates, Geneva, in 1997. It was produced in extremely small numbers - only 10 examples were ever made in yellow gold, 10 in pink, and 10 in platinum - and only the most trusted Patek Philippe clients were selected to receive these masterpieces.

    It is apparent that the present timepiece wants to be a "trait d'union" between the heritage of the manufacture and its future, embodied of course in the new facility. The case is one of the most classical and understated to be produced by the house. Its officier style (defined by hinged back and screw lugs) may be interpreted as a nod to the origin of wristwatches, which began to see mainstream diffusion as military tools during WWI. The dial follows suit: the understated simplicity of the champagne background and beady minute divisions is counterbalanced by the playful and highly appreciated Breguet numerals.

    The complication as well is one of Patek Philippe's specialties - the minute repeater - however a modern interpretation of it, featuring an automatic winding system. Furthermore, the movement is a proper chronometer, bearing the COSC certification, an honor reserved only for Patek Philippe most exclusive references. The same holds true for the limited edition Attestation certifying the destruction of the tools used to produce the case - thus ensuring the model will never again be produced - and the commemorative medal. While it often happens that one of these items is lost over time, the present piece, preserved in absolutely unspoiled condition is offered complete of all these accessories and in addition also of the original numbered sale tag.

    A final layer of appeal will be apparent to the connoisseur of fine timepieces when viewing the inner of the hinged case back: the monogram JHP indicates that the case was made by master casemaker Jean-Pierre Hagmann, widely counted among the greatest case makers of the 20th century: a more than fitting choice for a model commemorating such an important milestone in Patek Philippe history.

  • 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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Σ849

Ref. 5029
An extremely fine, rare and elegant gold automatic limited edition minute repeating wristwatch with officier-style case, champagne dial, box and guarantee

1997
35mm diameter
Case, dial and movement signed by maker. Case further signed by casemaker Jean-Pierre Hagmann.

Estimate
HK$2,000,000 - 4,000,000 
€218,000-435,000
$250,000-500,000

Sold for HK$2,500,000

Contact Specialist
Ziyong Ho
Specialist
+852 9386 2032
[email protected]

The Hong Kong Watch Auction: FIVE

Hong Kong Auction 28 November 2017