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 1999
    Reference No: 5070J-001
    Movement No: 3’146’376
    Case No: 4’068’617
    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, instruction manual, product literature, hang tag, leather folio, fitted presentation box and outer packaging.

  • Catalogue Essay

    Launched in 1998, the reference 5070 was the first chronograph-only wristwatch released by Patek Philippe in approximately 40 years since the production of the iconic reference 1463 “Tasti Tondi” ceased in the 1960s. Taking inspiration from the legendary reference 2512, a unique-piece 46.2mm aviator’s chronograph from 1955 currently residing in the Patek Philippe Museum, the reference 5070 is a charming revival of pre-1950s chronographs from the golden era, characterised by its oversized yellow gold case, stepped bezel and lugs, rectangular pushers, and black tachometer dial.

    The first series of the reference 5070, produced exclusively in yellow gold, was manufactured between 1998 and 2003, with an estimated 1,000 pieces only. Other configurations consisted of different metal cases, including pink gold, white gold and platinum, were subsequently introduced until the reference was discontinued in 2009. To the best of our knowledge, only approximately 100 examples of 5070J have appeared publicly in auction to date. As the most loyal iteration of the reference 2512, this early example features what is often deemed as the most desirable configuration by some collectors. The present watch is further imbued with a layer of patina on the case through the passage of time, adding an irresistible vintage flair to its allure.

    In terms of the movement, the 5070 was the last reference to be fitted with the celebrated calibre 27-70 CHR based on the Lemania 2310 developed by Albert Gustave Piguet. The 5070 was executed with impeccable taste and design genius that the small movement fits perfectly with the massive 42mm case, an impressive feat that cements it as an extraordinary horological beauty in the history of Patek Philippe chronographs.

    Presented in excellent condition, and complete with Certificate of Origin, booklets and presentation box, this present lot is without a doubt an outstanding example for the discerning collectors.

  • 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.

    View More Works

Σ967

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

Circa 1999
42mm diameter
Case, dial, movement, and clasp signed

Estimate
HK$280,000 - 500,000 
€33,500-59,900
$35,900-64,100

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