Patek Philippe - The Hong Kong Watch Auction: XIII Hong Kong Thursday, November 25, 2021 | Phillips

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  • Manufacturer: Patek Philippe
    Year: Circa 2017
    Reference No: 5131R-011
    Movement No: 7’101’324
    Case No: 6’199’287
    Model Name: World Time
    Material: 18K pink gold
    Calibre: Automatic, cal. 240 HU, 33 jewels
    Bracelet/Strap: Crocodile
    Clasp/Buckle: 18K pink gold Patek Philippe deployant clasp
    Dimensions: 39.5mm diameter
    Signed: Case, dial, movement and clasp signed
    Accessories: Accompanied by Patek Philippe Certificate of Origin stamped Sphere Patek Philippe Boutique Tokyo, Japan dated 3rd October 2017, instruction manual, product literature, leather folio, outer packaging and fitted presentation box.

  • Catalogue Essay

    Introduced in 2016, the Patek Philippe World Time ref. 5131R-011 features one of the firm’s most prize possession, the cloisonné enamel dial depicting various continents of the world map. World Time watches were invented, as is the case with most innovations, out of necessity. With the advent of the industrial age came the means necessary to facilitate global trade and travel and, as a direct result, there was a need for timekeeping devices capable of tracking time in multiple locations. The world time complication, other than being a useful one, is also a window into history. With the rise and fall of nation’s one capital replaced another as reference city for a specific time zone.

    Originally developed and innovated by Louis Cottier in the early 1930s, the movement features local time with hour and minute hands at center, linked to a rotating 24-hour ring which is bordered by a fixed outer dial ring with the names of different cities inscribed on it. The city of choice (local time zone) was placed at the 12 o'clock position with the hours/minutes hand set at local time, the watch would then display the correct time in both hours and minutes, night and day, for every time zone in the world simultaneously, all the while allowing easy and accurate reading of local time, and all on a single dial. Extremely practical and easy to operate Patek Philippe still uses the same mechanism for their World Time watches today via the cal. 240 HU.

    Featuring a cloisonné enamel dial depicting the continents Asia and The Americas, the craftsmanship and process to create these mesmerizing dials are tedious and extremely delicate. With only not more than a handful of skilled artisans who can execute the artistry, it is estimated that only 30 to 40 enamel dials can be produced in a year.

    Fresh to the market and consigned by the original owner, the present Patek Philippe ref. 5131R-011 from circa 2017 is offered in “like new” overall condition and is further complete with its full set of accessories.

  • 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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Property from the Original Owner

Σ1000

Ref. 5131R-011
A very attractive, rare and well-preserved pink gold world time wristwatch with cloisonné enamel dial, Certificate of Origin and presentation box

Circa 2017
39.5mm diameter
Case, dial, movement and clasp signed

Estimate
HK$600,000 - 900,000 
€66,600-99,900
$76,900-115,000

Sold for HK$1,008,000

Contact Specialist

Thomas Perazzi
Head of Watches, Asia
+852 2318 2001
WatchesHK@phillips.com

The Hong Kong Watch Auction: XIII

Hong Kong Auctions 25-26 November 2021