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

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  • Manufacturer: Patek Philippe
    Year: 1993
    Reference No: 5040
    Movement No: 774’479
    Case No: 2’946’971
    Material: 18K yellow gold
    Calibre: Automatic, cal. 240Q, 18 jewels
    Bracelet/Strap: Crocodile
    Clasp/Buckle: 18K yellow gold Patek Philippe deployant clasp
    Dimensions: 42mm length x 35mm width
    Signed: Case, dial, movement and clasp signed
    Accessories: Accompanied by Patek Philippe Certificate of Origin stamped Fairfield Enterprises LTD., Hong Kong dated 18th August 2000, instruction manual, product literature, setting pin, additional solid caseback, hang tag, leather folio, outer packaging and fitted presentation box. Further delivered with a Patek Philippe Extract from the Archives confirming the date of production of the present timepiece in 1993 and its subsequent date of sale on 3rd March 1994.

  • Catalogue Essay

    Released by Patek Philippe in 1992, the ref. 5040 perpetual calendar encapsulates the firm’s expertise in creating some of the world’s most impressive perpetual calendar wristwatches since the 1950s. Being also the first manufacture to introduce the world’s first self-winding perpetual calendar wristwatch via the ref. 3448, Patek Philippe has clearly cemented their place prestigious place in the history of horology.

    The ref. 5040 featuring the firm’s self-winding cal. 240Q famous for its robust micro-rotor, is displayed in an unconventional but interesting and elegant tonneau-shaped case. Fitted inside is a symmetrically beautiful dial layout that is outstanding for its legibility as well as its Breguet-style numerals and hands. Throughout its production spanning 15 years until 2007, the reference was released in a total of three series with approximately 1800 pieces made in yellow gold, the first series can be distinguished by a 77X thousands movement serial until circa 1998, the second series with 3.12 million and the final with 3.67million movement serial.

    The present example hailing from the first series of the reference from 1993 is offered in well-preserved condition and is further complete with its full set of accessories including its additional solid caseback. Confirmed further by a Patek Philippe Extract from the Archives, this is a fantastic opportunity for collectors to acquire an undervalued Patek Philippe ref. 5040 in yellow gold.

  • 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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Σ1069

Ref. 5040
A rare, early and attractive yellow gold tonneau-shaped perpetual calendar wristwatch with moon phases, leap year, 24-hour indication, Breguet numerals, additional solid caseback, Certificate of Origin and presentation box

1993
42mm length x 35mm width
Case, dial, movement and clasp signed

Estimate
HK$140,000 - 195,000 
€15,500-21,600
$17,900-25,000

Sold for HK$327,600

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