Patek Philippe - The Hong Kong Watch Auction: XV Hong Kong Monday, November 28, 2022 | Phillips

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  • Manufacturer: Patek Philippe
    Year: Circa 2000
    Reference No: 5070J-001
    Movement No: 3’146’694
    Case No: 4’102’208
    Material: 18K yellow gold
    Calibre: Manual, cal. 27-70 CHR, 24 jewels
    Bracelet/Strap: Crocodile
    Clasp/Buckle: 18K yellow gold Patek Philippe deployant clasp
    Dimensions: 42mm diameter
    Signed: Case, dial, movement and clasp signed
    Accessories: Accompanied by Patek Philippe Certificate of Origin stamped Gioielleria Pedroni dated 24th December 2000, instruction manual, product literature, additional crocodile strap, leather folio, outer packaging and fitted presentation box.

  • Catalogue Essay

    The Patek Philippe reference 5070 was the first chronograph-only wristwatch released by the firm since the 1960s when production of the iconic water resistant reference 1463 ceased. Introduced in 1998 at Basel, it was something of a shock to collectors that Patek would choose to reintroduce their chronograph-only line in such bold fashion – particularly the oversized 42mm case diameter and the dramatically thick, stepped bezel. First released in 18K yellow gold with a black dial, such as the present example, the manufacture drew inspiration for the design of the 5070 from a unique, split-seconds chronograph wristwatch from the early 1950s: the extraordinary reference 2512, which measured at an incredible 46.2mm in diameter with influences from the Art Deco period and large aviator’s watches. The reference 2512 is currently housed in the Patek Philippe Museum in Geneva.

    Released in a total of four metals it is estimated that 1,000 examples each were produced in yellow, pink and white gold with an estimated 500 examples produced in platinum. An important reference in the history of Patek Philippe chronographs, the ref. 5070 was the last reference to utilize the calibre 27-70 CHR based on the Lemania 2310 stamped with a Geneva seal. The reference was discontinued in 2009 making way for the ref. 5170, the first chronograph-only reference featuring the firm’s very first in-house movement.

    Handsomely dressed in yellow gold and matched harmoniously with a black dial with matching gold graphics and applied Arabic numerals, many collectors agree that the yellow gold example of the reference is perhaps the most desirable in terms of its colour coordination and its homage paid to the legendary piece unique ref. 2512. One the firm’s most undervalued references, the present example in yellow gold from circa 2000 is offered with its full set of accessories and preserved in excellent overall condition. A fantastic chance for collectors to acquire an important Patek Philippe chronograph reference and the last to be stamped with a Geneva seal.

  • 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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Σ922

Ref. 5070J-001
A fine, attractive and rare yellow gold chronograph wristwatch with Certificate of Origin and presentation box

Circa 2000
42mm diameter
Case, dial, movement and clasp signed

Estimate
HK$320,000 - 500,000 
€41,800-65,200
$41,000-64,100

Sold for HK$567,000

Contact Specialist

Thomas Perazzi
Head of Watches, Asia
+852 2318 2031
[email protected]

The Hong Kong Watch Auction: XV

28 - 29 November 2022 (Online Registration ends 27 Nov, 2pm HKT)