Patek Philippe - The Hong Kong Watch Auction: XIX Hong Kong Saturday, November 23, 2024 | Phillips
  • Manufacturer: Patek Philippe
    Year: 1994
    Reference No: 5020
    Movement No: 3’045’012
    Case No: 2’956’092
    Model Name: “TV Screen”
    Material: 18K yellow gold
    Calibre: Manual, CH 27-70 Q, 24 jewels
    Bracelet/Strap: Crocodile
    Clasp/Buckle: 18K yellow gold Patek Philippe pin buckle
    Dimensions: 37mm width
    Signed: Case, dial, movement and buckle signed
    Accessories: Accompanied by Patek Philippe presentation box and outer packaging. Further delivered with the Patek Philippe Extract from the Archives confirming the date of manufacture of the present timepiece in 1994 with an opaline silvered dial, yellow gold Breguet numerals, English calendar and its subsequent date of sale on 8th November 1994.

  • Catalogue Essay

    Unveiled in 1994, the Patek Philippe reference 5020, endearingly known as the "TV Screen" for its distinctive cushion-shaped case, enjoyed but a brief eight-year production run.

    Reminiscent of the Art Deco timepieces of the 1920s, the reference 5020 was not particularly well-received at the time of its release. Today, however, it is fervently sought-after by discerning collectors for its unusual case design, with merely around 750 examples crafted in total from 1994 to 2002 - making it the most scarce of the modern perpetual calendar chronographs.

    The present yellow gold example is splendidly preserved, with unrubbed hallmarks and a breathtaking, immaculate Breguet dial. What's more intriguing is the movement number of this beautiful timepiece. According our research, the movement numbers of the reference 5020 started from 3'045'000, and the current watch bearing number 3'045'012 could very well be the 13th example to ever leave the manufacturer and the earliest example known in the market. The Extract from the Archives further confirms the opaline silvered dial, yellow gold Breguet numerals, and the English perpetual calendar.

  • 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 of the Original Owner

Σ1017

Ref. 5020
A very early and rare yellow gold cushion-shaped perpetual calendar chronograph wristwatch with Breguet numerals, moon phases, leap year, 24-hour indication and presentation box

1994
37mm width
Case, dial, movement and buckle signed

Estimate
HK$600,000 - 1,000,000 
€70,800-118,000
$76,900-128,000

Sold for HK$1,079,500

Contact Specialist

Thomas Perazzi
Head of Watches, Asia
+852 2318 2030
WatchesHK@phillips.com
 

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

The Hong Kong Watch Auction: XIX

Hong Kong Auction 23 - 24 November 2024