An impressive and very rare cushion-shaped yellow gold perpetual calendar chronograph wristwatch with moon phases, Breguet numerals, certificate of origin, presentation box, hang tag, and additional solid caseback

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  • Manufacturer: Patek Philippe
    Year: 1994
    Reference No: 5020
    Movement No: 3’045’028
    Case No: 2’956’098
    Model Name: "TV Screen"
    Material: 18K yellow gold
    Calibre: Manual, cal. 27-20 Q W, 24 jewels
    Bracelet/Strap: Crocodile
    Clasp/Buckle: 18K yellow gold Patek Philippe buckle
    Dimensions: 36mm height x 37mm width
    Signed: Case, dial, movement, and buckle signed.
    Accessories: Accompanied by Certificate of Origin confirming sale at the Patek Philippe salon in Geneva on November 16th, 1994, service paperwork from 2010, additional caseback, hangtag, setting pin, fitted box and product literature. Additionally accompanied by Patek Philippe Extract from the Archive confirming date of manufacture in 1994 and sale on November 16th, 1994.
    Literature: The reference 5020 is illustrated in Patek Philippe Wristwatches by Martin Huber & Alan Banbery, second edition, p. 309.

  • Catalogue Essay

    Launched in 1994 and in production for only approximately 8 years, Patek Philippe’s reference 5020, also known as the “TV Screen” due to its unusual cushion shape was an alternative to the reference 3970 featuring the identical complications: perpetual calendar with leap year, 24 hour indicator and chronograph.

    The reference 5020’s avant garde design and tasteful proportions sets it apart from other perpetual calendar chronographs from Patek Philippe. However, its unusual case shape elicited lukewarm reactions from clients, leading to very low production numbers. It is believed that about 200 examples of reference 5020 were ever made, either in yellow, pink, or white gold as well as in platinum. The cushion-form, so-called “TV-shaped” case is much more reminiscent of the oversized tonneau cases of the 1970s, such as the famous Beta 21. Patek Philippe also incorporated other classic features such as Breguet numerals and hands, giving the reference 5020 a distinctively elegant look.

    It took about 10 years for the market to regain appreciation for the model: the purity of its mirror-finished retro aesthetics, generous size, and overall incredible rarity comparable to the that of vintage references. With time, these factors rendered the reference one of the most collectible and sought-after perpetual calendar chronograph models made by the manufacture. Less than five examples cased in yellow gold, such as the present example, have appeared on the public market, according to scholarship. Having been originally purchased at the Patek Philippe Boutique in Geneva, the present example was especially well cared for, having received a factory service in 2010 and remaining sealed since then. Appearing for the first time at auction, it is furthermore completed by all its original accessories including hangtag, certificate of origin, and additional caseback, making it an exciting opportunity for the discerning collector.

  • Maker Bio

    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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Σ117

Ref. 5020
An impressive and very rare cushion-shaped yellow gold perpetual calendar chronograph wristwatch with moon phases, Breguet numerals, certificate of origin, presentation box, hang tag, and additional solid caseback

1994
36mm height x 37mm width
Case, dial, movement, and buckle signed.

Estimate
$120,000 - 180,000 
CHF120,000-179,000
€104,000-156,000
HK$941,000-1,410,000

Contact Specialist
Paul Boutros
Head of Watches, Americas
+1 212 940 1293
pboutros@phillips.com

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