Patek Philippe - Racing Pulse New York Saturday, December 12, 2020 | Phillips

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  • Manufacturer: Patek Philippe
    Year: Circa 2017
    Reference No: 5170P
    Movement No: 7’029’654
    Case No: 6’221’550
    Material: Platinum and diamonds
    Calibre: Manual, cal. CH 29-535 PS
    Bracelet/Strap: Crocodile
    Clasp/Buckle: Platinum Patek Philippe deployant clasp
    Dimensions: 39.5mm Diameter
    Signed: Case, dial, movement and clasp signed
    Accessories: Accompanied by Patek Philippe Certificate of Origin stamped Clarkson Jewelers, Ellisville MO, dated November 21, 2017, wooden presentation box, leather envelope with product literature and outer packaging.

  • Catalogue Essay

    Patek Philippe ceased production of their famed chronographs in the 1960s when they discontinued the iconic water resistant reference 1463 two-register chronograph. They would not produce another chronograph wristwatch until 1998, when they launched the reference 5070 in a large 42mm diameter case, which housed a Lemania-based chronograph movement significantly modified and finished by Patek Philippe. In 2010, Patek Philippe would enter a new chapter in its history, releasing the all new reference 5170 chronograph that housed their first fully in-house simple chronograph movement – the caliber 29-535. Reduced in size compared with the reference 5070, the new chronograph with its 39.5 mm case diameter had more svelte proportions, making it the perfect watch for the office, board meeting, or casual weekend wear. Initially, it was produced in both yellow and white gold, with various dial and case configurations. In 2017, they released a wonderfully sublime platinum-cased variant, like the present example, fitted with a blue “fume” dial set with baguette diamond hour markers.

    This very rare model was in production only from 2017 to 2018, and the present sealed example, consigned by the original owner, is only the third known to appear at public auction. The watch has a wonderfully modern aesthetic, and the blue degradé dial is expertly done with color gradation with a sunburst texture. The diamond hour markers add a tasteful, luxurious touch to the watch, however when juxtaposed against the blue of the dial, they subtly meld into the dial to create a stunning aesthetic that doesn’t overwhelm the masculine appeal.

    In factory sealed, new condition, it comes complete with its original certificate of origin, box and hang tag. The reference 5170P is an exemplary chronograph, and this pristine example is a rare opportunity for the connoisseur.

    Consigned by the Original Owner

  • 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. 5170P
A very rare and highly attractive platinum chronograph wristwatch with baguette diamond indexes, “fumé” dial, Certificate of Origin and fitted presentation box, factory sealed

Circa 2017
39.5mm Diameter
Case, dial, movement and clasp signed

$50,000 - 100,000 

Sold for $107,100

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Paul Boutros
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Racing Pulse

New York Auction 12 December 2020