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

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  • Manufacturer: Patek Philippe
    Year: Circa 2007
    Reference No: 5971P-001
    Movement No: 3’048’937
    Case No: 4’441’216
    Material: Platinum and diamonds
    Calibre: Manual, cal. CH 27-70Q, 24 jewels
    Bracelet/Strap: Crocodile
    Clasp/Buckle: Platinum and diamond-set Patek Philippe pin buckle
    Dimensions: 40mm diameter
    Signed: Case, dial, movement and buckle signed
    Accessories: Accompanied by Patek Philippe Certificate of Origin stamped Eldorado Watch Co. Ltd. dated 24th October 2007, additional solid caseback, hang tag, platinum and emerald-set setting pin, leather folio, instructions manual, product literature, fitted presentation box and outer packaging.

  • Catalogue Essay

    The DNA of the ref. 1518 can be seen in an impressive lineage of Patek Philippe’s perpetual calendar chronographs. Regarded as one of the most important watches of the 20th century, this reference became the foundation for the firm’s timeless aesthetics and mechanical prowess, which ultimately set the course for their dominance in the world of haute horology. Adhering to its design language, from the position of its moon phases and subsidiary dials, the references 2499 (1951-1987), 3970 (1987-2004), 5970 (2004-2011) and 5270 are notably some of the most well-received and sought-after complicated wristwatches among connoisseurs today.

    Introduced in 2007, the ref. 5971 is the most glamorous iteration within the 5970 family. As the last of its kind to house a Lemania-based movement, the reference was replaced in 2011 by the new perpetual calendar chronograph wristwatch we now see today, powered by a fully in-house cal. 29-535. Boasting staggering proportions with an audacious wrist presence, it is no surprise this dazzling ref. 5971P is now a cult favourite that has not only enjoyed instant recognition but has also become increasingly more popular and collectable over time. Revered for their incorrupt standards for quality and attention to detail, the bezel is not the only feature adorned with handpicked collection-grade diamonds. Enhanced with diamond-set hour markers, the ebony black dial is surrounded by a baguette-shaped diamond halo, complete with a gem-set buckle which totals 42 diamonds of approximately 4.37 carats.

    Unworn and untouched, the present example is offered in “new-old-stock” condition and accompanied by its original accessories. This opportunity to acquire a single-sealed fresh-to-the-market ref. 5971P-001 is almost as rare as the watch itself.

  • 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

Σ925

Ref. 5971P-001
An extremely attractive and rare platinum and diamond-set perpetual calendar chronograph wristwatch with moon phases, 24 hours, leap year indication, additional solid case back, Certificate of Origin and presentation box, single factory sealed

Circa 2007
40mm diameter
Case, dial, movement and buckle signed

Estimate
HK$1,400,000 - 2,800,000 
€180,000-359,000
$179,000-359,000

Sold for HK$2,520,000

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)