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

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  • Manufacturer: Patek Philippe
    Year: Circa 2017
    Reference No: 5059R-017
    Movement No: 3’410’605
    Case No: 4’385’925
    Material: 18K pink gold
    Calibre: Automatic, cal. 315 S-QR, 30 jewels
    Bracelet/Strap: Crocodile
    Clasp/Buckle: 18K pink gold Patek Philippe deployant clasp
    Dimensions: 36mm diameter
    Signed: Case, dial, movement and clasp signed
    Accessories: Accompanied by Patek Philippe Certificate of Origin stamped Boodles Ltd United Kingdom, dated 30th September 2017, leather folder, photograph, setting pin, instruction manual, fitted presentation winding box, charger and outer packaging.

  • Catalogue Essay

    Introduced in 1998, the Patek Philippe ref. 5059 along with ref. 5050 were the only perpetual calendar wristwatches available with center seconds since the ref. 2497 and 2438-1. With a distinct appeal, the 36mm diameter officer-style case with a hinged caseback encases a perfectly symmetrical with painted black Roman numerals and retrograde date indication.

    The reference 5050 and 5059 share the sophisticated, self-winding caliber 315 S-QR with its striking 21K gold rotor, based on the caliber 315 SC featuring center seconds only. A robust and state-of-the-art in-house movement, it features an intriguing retrograding date complication as part of its perpetual calendar function.

    The reference was produced in all four metals with an estimated 1200 – 1400 examples produced until the reference was discontinued in 2006. It is believed that only 340 examples were produced with a pink gold cases.

    The present ref. 5059R-017 is definitely out of the ordinary from the family. Striking at first sight with a sunburst brown dial, this is a highly rare example from a special edition by Patek Philippe made available to London. Preserved with care, according to our research, this 5059R is the first example to appear in the auction market in such an attractive configuration. Fitted with the same hue of brown as the unique 5059R-018 with Breguet numerals “MSO’ monogram dial that was sold for $264,600USD at PHILLIPS New York Auction: Seven, this variant is elevated with pink gold applied Roman numerals and white centre seconds and retrograde hand instead.

    Offered in excellent overall condition from 2017 and accompanied by its original Certificate of Origin and its full set of accessories, this is a once in a blue moon opportunity to acquire an understated perpetual calendar wristwatch manufactured by none other than Patek Philippe.

  • 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 an Important Asian Collector


Ref. 5059R-017
A highly rare and attractive pink gold special editon perpetual calendar wristwatch with officer-style case, special brown dial, applied Roman numerals, moon phase, leap year indication, Certificate of Origin and presentation box

Circa 2017
36mm diameter
Case, dial, movement and clasp signed

HK$630,000 - 1,250,000 

Sold for HK$635,000

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