Patek Philippe - The Hong Kong Watch Auction: XVIII Hong Kong Friday, May 24, 2024 | Phillips

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  • Condition Report

  • Description

    View our Conditions of Sale.

  • Manufacturer: Patek Philippe
    Year: Circa 2006
    Reference No: 5004P-033
    Movement No: 3’275’015
    Case No: 4’238’916
    Material: Platinum
    Calibre: Manual, cal. CHR 27-70 Q, 28 jewels
    Bracelet/Strap: Crocodile
    Clasp/Buckle: Platinum Patek Philippe deployant clasp
    Dimensions: 36.5mm diameter
    Signed: Case, dial, movement and clasp signed
    Accessories: Accompanied by Patek Philippe Certificate of Origin stamped Leeds & Son U.S.A. dated 20th May 2006, additional platinum pin buckle, leather portfolio, photograph, instruction manual, product literature, additional solid caseback, setting pin, hang tag, slipcase, fitted presentation box and outer packaging.

  • Catalogue Essay

    The Patek Philippe reference 5004 is widely recognized as one of the most sought-after grand complications in the neo-vintage era. Renowned for combining multiple Grand Complications into a single movement, this collection carries on the lineage of Patek Philippe's iconic perpetual calendar chronograph watches since 1941. These watches not only have a legendary reputation but also hold a pinnacle status in the world of Patek Philippe collecting.

    Introduced in 1996, the reference 5004 was a significant milestone for the brand as it was their first serially produced watch to feature a perpetual calendar with the sophisticated split-seconds chronograph complication. With its classic 36.5mm case, it captures the hearts of collectors and connoisseurs alike, embodying the centuries-old horological expertise and timeless design codes of the esteemed manufacturer. Notably, the timepiece also marked the end of Patek Philippe's use of the Lemania-based caliber, calibre CH 27-70 Q.

    Due to the intricacy and labor-intensive nature of its production, only around 12 reference 5004 watches came out of the manufacturer each year. After a 16-year production run, the reference 5004 was succeeded by the reference 5204 in 2012, featuring an in-house movement. An exceptionally rare timepiece, it was highly sought-after and notoriously difficult to secure from boutiques as it was an application piece back then.

    The present example in luster platinum features a semi-glossy black dial which is adorned with 10 brilliantly-cut and 1 baguette-cut diamond at the 12 hour, creating a truly exceptional visual appeal. In excellent overall condition and accompanied by all of its original accessories, this timepiece represents a highly collectible and mechanically impressive piece that will be one of the grail watches in the years to come.

  • 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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Σ890

Ref. 5004P-033
A highly important, rare and elegant platinum perpetual calendar split-seconds chronograph wristwatch with diamond indexes, moon phases, leap year, AM/PM indication, additional solid caseback, setting pin, Certificate of Origin and presentation box

Circa 2006
36.5mm diameter
Case, dial, movement and clasp signed

Estimate
HK$2,000,000 - 3,600,000 
€240,000-432,000
$256,000-462,000

Place Advance Bid
Contact Specialist

Thomas Perazzi
Deputy Chairman, Watches, Head of Watches, Asia
+852 2318 2031
WatchesHK@phillips.com
 

Gertrude Wong
Head of Sale, Hong Kong
+ 852 2318 2045
gertrudewong@phillips.com
 

The Hong Kong Watch Auction: XVIII

Hong Kong Auction 24 - 25 May 2024