Patek Philippe’s line of iconic perpetual calendar chronograph wristwatches began an important milestone in the world of horology with the reference 1518. So ahead of its time in design and mechanical innovation, the brand continued to use its timeless aesthetic as the foundation for all subsequent perpetual calendar chronograph wristwatches through the present day, including the references 2499, 3970, 5970, and 5270.
Patek Philippe’s release of the reference 5020 in 1994 was a dramatic departure from their usual rounded cases with its cushion-shaped case reminiscent of early 20th century watches. Referred to as the “TV Screen” by collectors, it was an alternative to the brand’s reference 3970, housing identical movements. At the time of release, the avant-garde design was not well received, and it is believed approximately 350 examples of the reference 5020 were ever made, either in yellow, pink or white gold as well as in platinum.
Over time, the international market regained appreciation for the wristwatch for the purity of its mirror-finished, retro aesthetic, generous size and overall rarity comparable to that of other vintage references. Today, the reference 5020 is highly appreciated by discerning collectors for its distinctively elegant look, and Lemania-based caliber CH 27-70Q - the first non-Valjoux chronograph movement used by Patek Philippe. Heavily modified and meticulously hand-finished by Patek Philippe, it was one of the finest movements in production at the time.
The present yellow gold example is fresh-to-the-market and only one of 10 yellow examples publicly offered with its original Certificate of Origin. With its beautiful dial with applied Breguet numerals, it is preserved in excellent condition and further accompanied with its original solid case back, hang tag and setting pin. Fully serviced by Patek Philippe, it presents an excellent opportunity to own one of these rare and stunning complicated timepieces.