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

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  • Manufacturer: Patek Philippe
    Year: Circa 2010
    Reference No: 5971P-001
    Movement No: 3’931’991
    Case No: 4’513’076
    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 Polacheck & Assoc., Inc. dated 24th Sep 2010, additional solid caseback, hang tag, setting pin, leather folio, instructions manual, product literature, fitted presentation box and outer packaging.

  • Catalogue Essay

    The Patek Philippe ref. 1518 holds an influential place in watchmaking history. Its classic subdial layout and moonphase design established an aesthetic that continues to be seen in later perpetual calendar chronograph models like the references 2499 (1951-1987), 3970 (1987-2004), 5970 (2004-2011), and 5270.

    The present ref. 5971P represents the pinnacle of the 5970 line. Launched in 2007 as one of the last Lemania-based movements, the ref. 5971 made its final catalog appearance in 2011. With powerful proportions and wrist presence, this discontinued rarity has become increasingly popular among collectors in recent years.

    True to Patek Philippe's standards of intricate detail, the bezel is not the only feature graced with hand-selected diamonds. The ebony black lacquered dial is surrounded by a baguette diamond halo and enhanced with diamond hour markers, totaling 42 diamonds at 4.37 carats. The timepiece is complete with a gem-set buckle.

    Fresh-to-market, this is the 47th known example of ref. 5971P to have surfaced on the market and is offered in excellent overall condition with its original accessories. This beautiful diamond-set platinum perpetual calendar chronograph exemplifies the pinnacle of watchmaking and haute joaillerie.

  • 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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Σ850

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

Circa 2010
40mm diameter
Case, dial, movement, and buckle signed

Estimate
HK$1,300,000 - 1,950,000 
€157,000-236,000
$167,000-250,000

Sold for HK$2,413,000

Contact Specialist

Thomas Perazzi
Deputy Chairman, Watches, Head of Watches, Asia
+852 2318 2001
WatchesHK@phillips.com

The Hong Kong Watch Auction: XVII

Hong Kong Auction 24-25 November 2023