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

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  • Manufacturer: Patek Philippe
    Year: 2006
    Reference No: 5071G-001
    Movement No: 3’363’069
    Case No: 4'232’794
    Material: 18K white gold and diamonds
    Calibre: Manual, cal. CH 27-70, 24 jewels
    Bracelet/Strap: Crocodile
    Clasp/Buckle: 18K white gold and diamond-set Patek Philippe buckle
    Dimensions: 42mm Diameter
    Signed: Case, dial, movement, and buckle signed.
    Accessories: Accompanied by Patek Philippe Extract from the Archives confirming manufacture of the present watch in 2006 with 118 baguette-cut diamonds and buckle with 16 baguette-cut diamonds and its subsequent sale on July 19th 2006. Additionally accompanied by original Patek Philippe Certificate of Origin, product literature, leather folio, and inner and outer presentation box.

  • Catalogue Essay

    Audacious, dazzling, arresting: the oversized, diamond-set chronograph reference 5071 from Patek Philippe exudes opulence while epitomizing mechanical excellence. Reference 5071 was only available to Patek Philippe's most important clients and produced upon special request. It was incredibly time consuming for the firm to find such well-matched diamonds, and setting the baguette stones was extremely laborious. Not only is the bezel diamond-set, but the sides of the case, between the lugs, top of the lugs, and even the deployant buckle are also all set with baguette cut diamonds. The diamonds weigh approximately 11.55 carats in total. The dial is furthermore set with 9 brilliant diamonds set in chatons, which gleam against the black background. As a result, very few examples were manufactured, and the reference is extremely rare. In fact, according to research, only four examples have appeared on the auction market thus far, of only eight total examples known.

    Housing the Lemania based caliber CH 27-70, the model, along with sister reference 5070, were the very last chronograph wristwatches to house a Lemania-based movement. Its successor, the 5170, houses a movement that is entirely made in-house by Patek Philippe. The white gold case measures 42 millimeters, making it amongst Patek Philippe's largest wristwatches ever produced yet still very wearable. Accompanied with all of its original accessories, this is a rare chance to acquire one of the firm's most impressive and eye catching chronograph-only wristwatches.

    Being sold to benefit The One Drop Foundation, a non-profit striving to provide safe drinking water to a vulnerable communities, the present lot is accompanied by original Patek Philippe Certificate of Origin, product literature, leather folio, and inner and outer presentation box.

  • 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. 5071G-001
A very rare and impressive white gold and diamond-set chronograph wristwatch with diamond hour markers, Certificate of Origin, and presentation box, sold to benefit The One Drop Foundation

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

$100,000 - 200,000 

Sold for $327,600

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Paul Boutros
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Senior Vice President
+1 212 940 1293

Racing Pulse

New York Auction 12 December 2020