A very fine and rare platinum chronograph wristwatch with original certificate of origin, paperwork, accessories, and fitted presentation box, factory sealed

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  • Manufacturer: Patek Philippe
    Year: 2008
    Reference No: 5070P-001
    Movement No: 3’363’848
    Case No: 4’445’346
    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 buckle signed.
    Accessories: With Patek Philippe Certificate of Origin dated 4 August 2008 by retailer Mappin & Webb/Watches of Switzerland in London, product literature, factory box, hang tag, leather wallet, and inner and outer presentation boxes. Further accompanied by Patek Philippe Extract from the Archives confirming production in 2008 and sale on June 2nd, 2008.

  • Catalogue Essay

    The Patek Philippe reference 5070 was the first modern-era chronograph-only wristwatch released by the firm since the end of production for the reference 1463 in the 1960s. Introduced in 1998 at Baselworld, it was something of a shock to collectors that Patek would choose to reintroduce a chronograph model in such bold fashion – particularly the 42mm case dimension and the dramatically thick, stepped bezel. A worthy and highly anticipated successor to the classic reference 1463 chronograph, the 5070 would also feature a water-resistant case with a screw-down case back.

    For the tenth anniversary of the release of the first reference 5070, Patek Philippe launched a platinum-cased version with a sublime blue dial. The platinum 5070 was only in production from 2008 until 2010, and according to our research, was manufactured in the fewest number of pieces of all 5070 models. Though the case architecture assures a commanding presence, in platinum these attributes are elevated. The dial color is particularly mesmerizing, 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 there are truly myriad names for the colors visible at different angles or under different light sources. The oversized Arabic numerals, also reminiscent of aviators’ watches and one of the main design elements carried over from the historical reference 2512 on which the 5070 is based, are rendered in white gold, adding a subtle lustre to the already superb dial.

    The desirability of the present reference 5070P is heightened due to its outstanding state of preservation and completeness, remaining untouched within its factory seal, ready to be opened and treasured after a decade of safekeeping. Furthermore, its serial numbers and the date indicated on its Certificate of Origin make this example the earliest known reference 5070P to appear publicly, enhancing its appeal for the connoisseur.

  • 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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Σ39

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

2008
42mm Diameter
Case, dial, movement, and buckle signed.

Estimate
$80,000 - 160,000 
CHF79,600-159,000
€72,500-145,000
HK$626,000-1,250,000

sold for $187,500

Contact Specialist
Paul Boutros
Head of Watches, Americas & International Strategy Advisor
Senior Vice President
+1 212 940 1293
pboutros@phillips.com

GAME CHANGERS

New York Auction 10 December 2019