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

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  • Manufacturer: Patek Philippe
    Year: Circa 2008
    Reference No: 5070G-001
    Movement No: 3’363’895
    Case No: 4’425’964
    Material: 18K white gold
    Calibre: Manual, cal. CH27-70, 24 jewels
    Bracelet/Strap: Crocodile
    Clasp/Buckle: 18K white gold Patek Philippe deployant clasp
    Dimensions: 42mm diameter
    Signed: Case, dial, movement and clasp signed
    Accessories: Accompanied by Patek Phillipe Certificate of Origin stamped King’s Sign Watch Co. LTD Taiwan dated March 2008, instruction manual, product literature, leather folio, fitted presentation box and outer packaging.

  • Catalogue Essay

    The Patek Philippe reference 5070 was the first modern-era chronograph-only wristwatch released by the firm since the end of production for the reference 1463 in the 1960s. Introduced in 1998 at Baselworld, it was something of a shock to collectors that Patek would choose to reintroduce a chronograph model in such bold fashion – particularly with a 42mm case and a dramatically thick, stepped bezel. The reference 5070 enjoys a unique spot in Patek Philippe’s history as one of the largest watches it had produced and the last chronograph to use a modified, Lemania 2310-based ébauche before Patek Philippe switched to an in-house caliber.

    A worthy and highly anticipated successor to the classic reference 1463 chronograph, the 5070 would also feature a water-resistant case with a screw-down case back. Despite being the mechanical successor to the 1463, the reference 5070 inherited the design of the unique reference 2512 from 1950, an oversized split-seconds chronograph that now resides in the Patek Philippe Museum. The large Arabic numerals and stepped bezel specifically come directly from the 2512, as well as the square pushers. Despite the large size of the case, the relatively slim profile and downturned lugs lends the watch a sophisticated and comfortable presence on the wrist.

    Introduced in a total of four different case materials including yellow gold, pink gold, white gold and platinum, the white gold variant was first introduced in 2001 and was discontinued in 2006 with approximately 1,000 examples produced in the respective metal.

    A stunning example still single sealed in its original packaging, the present fresh-to-the-market Patek Philippe ref. 5070G-001 sold in 2008 is preserved in its untouched state, and was part of the last ones to be manufactured near the end of its production. For collectors who seek to be the first one to wear a brand new Lemania based 5070G-001, here is your chance.

  • 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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Σ924

Ref. 5070G-001
A rare, fine and attractive white gold chronograph wristwatch with Certificate of Origin and presentation box, single-sealed

Circa 2008
42mm diameter
Case, dial, movement and clasp signed

Estimate
HK$320,000 - 630,000 
€41,800-82,200
$41,000-80,800

Sold for HK$592,200

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)