Patek Philippe - STYLED. Timeless Watches & How to Wear Them New York Wednesday, December 5, 2018 | Phillips

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  • Manufacturer: Patek Philippe
    Year: 1999
    Reference No: 5070J-001
    Movement No: 3’146’500
    Case No: 4’068’664
    Material: 18K yellow gold
    Calibre: Manual, cal. 27-70 CHR, 24 jewels
    Bracelet/Strap: Leather
    Clasp/Buckle: 18K yellow gold Patek Philippe deployant clasp
    Dimensions: 42mm Diameter
    Signed: Case, dial, movement, and clasp signed.
    Accessories: Accompanied by Certificate of Origin indicating it was sold by Rüschenbeck KG, product literature, leather wallet, inner and outer presentation box. Further accompanied by Patek Philippe Extract from the Archive indicating sale of the present timepiece on November 30th, 1999.

  • Catalogue Essay

    The Patek Philippe reference 5070 was the first chronograph-only wristwatch released by the firm since the 1960s when production of the iconic water resistant reference 1463 ceased. 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 oversized 42mm case diameter and the dramatically thick, stepped bezel. First released in 18K yellow gold with a black dial, such as the present example, the manufacture drew inspiration for the design of the 5070 from a unique, split-seconds chronograph wristwatch from the early 1950s: the extraordinary reference 2512, which measured at an incredible 46.2mm in diameter with influences from the Art Deco period and large aviator’s watches. The reference 2512 is currently housed in the Patek Philippe Museum in Geneva.

    Later produced in white gold, rose gold, and platinum, the yellow gold reference 5070, was discontinued soon after its launch, yet is the most faithful to the original design inspiration, the 2512, as it features the same yellow gold case material and black dial color. Even the applied yellow gold Arabic numerals echo the mirrored numerals on the original reference. The movement powering the 5070, the calibre 27-70, is based on the Lemania 2310 – significantly modified by Patek Philippe. An ébauche used famously as the Omega caliber 321, powering Omega Speedmasters from their inception in 1957 until the final reference 145.012 in 1969, the Lemania 2310 is a column wheel chronograph with a distinctive "wishbone" shaped bridge, used by many brands since it first created by Albert Piguet and Jaques Reymond in 1942. In its current form as the caliber 27-70, it features exceptional finishing by Patek Philippe in their typical style, and is stamped with the prestigious Geneva Seal.

    Preserved in virtually untouched condition, it’s a superb example for the connoisseur, presented complete with its original boxes, pamphlets and certificate of origin.

  • 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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Ref. 5070J-001
A very fine, rare, and oversized yellow gold chronograph wristwatch with certificate of origin and fitted presentation box

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

$40,000 - 60,000 

Sold for $71,250

Contact Specialist
Paul Boutros
Head of Watches, Americas
+1 212 940 1293

STYLED. Timeless Watches & How to Wear Them

New York Auction 5 December 2018