Patek Philippe - The Hong Kong Watch Auction: XVII Hong Kong Friday, November 24, 2023 | Phillips

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  • Manufacturer: Patek Philippe
    Year: Circa 2004
    Reference No: 5059J
    Movement No: 3'235'984
    Case No: 4'254'153
    Material: 18K yellow gold
    Calibre: Automatic, cal. 315 S-QR aut., 31 jewels
    Bracelet/Strap: Crocodile
    Clasp/Buckle: 18k yellow gold Patek Philippe deployant clasp
    Dimensions: 36mm diameter
    Signed: Case, dial, movement and clasp signed
    Accessories: Accompanied by Patek Philippe fitted presentation box and outer packaging.

  • Catalogue Essay

    Debuted as the successor to the Patek Philippe ref. 5050, the ref. 5059 enjoyed a successful 8-year production run between 1998 and 2006. In total, an estimated 1200-1400 examples of this reference were produced. Its rarity and limited production run only add to the desirability and value of this exceptional timepiece.

    The ref. 5059 is powered by the same movement as its predecessor, a historically important for the evolution of Patek Philippe. Before the advent of cal. 315 S-QR, Patek Philippe perpetual calendars were only equipped with either automatic movements or manual winding movements with a sweep center seconds, such as the automatic ref. 3448 and more recently 3940, or the sweep centre seconds ref. 2497. The cal. 315 S0QR was ahead of its time as it combines an automatic module with sweep center seconds and builds upon that with a retrograde date indicator.

    Taking cues from the much coveted ref. 5016, the dial layout of the ref. 5059 embodies a nostalgic graphic approach, featuring radial Roman numerals and a sectorial style that references timepieces from the early 20th century. Fusing form with function, the result is a very attractive configuration with a high legibility.

    Moving onto the case, the present reference steers away from the classic calatrava-style case of the Ref. 5050 and opted in for a more prominent and elaborated officer-style case, defined by its screw lugs and hinged case back. This not only increases the wrist presence of the piece but is also deeply rooted in Patek Philippe DNA, albeit its use is quite sparse. It is not a coincidence that it often appears in celebratory series and is even used today on some of the most classical and important models.

    Overall, the yellow gold Patek Philippe ref. 5059J is a very refined and complicated example of Patek Philippe watchmaking at its best. Whether you are a seasoned collector or a connoisseur of fine watchmaking, the Patek Philippe Ref. 5059J is a true masterpiece that should not be overlooked. Its combination of technical sophistication, nostalgic design, and rare production make it a highly sought-after and prized addition to any collection.

  • 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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Ref. 5059J
A very fine and attractive yellow gold perpetual calendar wristwatch with retrograde date and "officer"-style hinged caseback with presentation box

Circa 2004
36mm diameter
Case, dial, movement and clasp signed

HK$200,000 - 280,000 

Sold for HK$228,600

Contact Specialist

Thomas Perazzi
Deputy Chairman, Watches, Head of Watches, Asia
+852 2318 2001

The Hong Kong Watch Auction: XVII

Hong Kong Auction 24-25 November 2023