A very fine, rare, and large platinum chronograph wristwatch with original certificate of origin, paperwork, and fitted box

Create your first list.

A way to share and manage lots.

  • Manufacturer: Patek Philippe
    Year: 2009
    Reference No: 5070P-001
    Movement No: 3’715’795
    Case No: 4’493’373
    Material: Platinum
    Calibre: Manual, CH 27-70, 24 jewels
    Bracelet/Strap: Crocodile
    Clasp/Buckle: Platinum Patek Philippe deployant clasp
    Dimensions: 42mm Diameter
    Signed: Case, dial, movement, and clasp signed.
    Accessories: With Patek Philippe Certificate of Origin dated November 27th, 2009, product literature, factory box, hang tag, and leather wallet. Further accompanied by Patek Philippe Extract from the Archives confirming production in 2009 with blue dial and white gold Arabic numerals and subsequent sale on October 27th, 2009.

  • Catalogue Essay

    The Patek Philippe reference 5070 was the first modern-era chronograph-only wristwatch released by the firm since the 1960s saw the end of production for the reference 1463. Introduced in 1998 at Basel, it was something of a shock to collectors that Patek would choose to reintroduce their chronograph-only line in such bold fashion – particularly the 42mm case dimension and the dramatically thick, stepped bezel.

    For the tenth anniversary of the release of the first reference 5070, Patek Philippe released in 2008 a platinum-cased version with a sublime blue dial. The platinum 5070, represented by the present lot, was only in production from 2008 until 2010, and was manufactured in the fewest number of pieces of any 5070, adding to its desirability. Though the case architecture assures a commanding presence, in platinum these attributes are elevated. The dial color is of particular interest, as it is difficult to accurately pinpoint the exact shade of blue. Patek itself refers to the color as “bleu nuage” or "cloud blue", but truly there are myriad names for the colors that come out at different angles or light sources. The oversized Arabic numerals, also reminiscent of aviator’s watches and one of the main design elements carried over from the historical reference 2512 on which the 5070 is based, are rendered in 18 karat white gold, adding a subtle lustre to the already superb dial. As with most modern platinum Patek Philippe watches, a 0.02 carat diamond is inset at the case at six o’clock.

    The appeal of the present reference 5070P is heightened due to its outstanding state of preservation and completeness, where all accessories, even its original hang tag, accompany this fine collectors’ timepiece.

  • 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.

    View More Works

Σ5

Ref. 5070P-001
A very fine, rare, and large platinum chronograph wristwatch with original certificate of origin, paperwork, and fitted box

2009
42mm Diameter
Case, dial, movement, and clasp signed.

Estimate
$80,000 - 120,000 
CHF79,700-120,000
€69,500-104,000
HK$627,000-941,000

sold for $150,000

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

STYLED. Timeless Watches & How to Wear Them

New York Auction 5 December 2018