Patek Philippe - The 2021 New York Watch Auction New York Saturday, December 11, 2021 | Phillips

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  • Manufacturer: Patek Philippe
    Year: Circa 2009
    Reference No: 5971P
    Movement No: 3’049’623
    Case No: 4’459’000
    Material: Platinum and diamonds
    Calibre: Manual, cal. CH 27-70Q, 24 jewels
    Bracelet/Strap: Crocodile
    Clasp/Buckle: Platinum and diamond-set Patek Philippe buckle
    Dimensions: 40mm Diameter
    Signed: Case, dial, movement and buckle signed.
    Accessories: Accompanied by Patek Philippe Certificate of Origin dated February 12, 2009, fitted presentation box, additional hard case back, hang tag, platinum and emerald-set setting pin, leather envelope, product literature and outer packaging.

  • Catalogue Essay

    Patek Philippe’s historic line of perpetual calendar chronograph wristwatches were first introduced in 1941 with the reference 1518, and it forever changed the world of haute horlogerie. It was the first perpetual calendar chronograph wristwatch ever produced by any brand in series, and in those uncertain times, demonstrated the brand’s remarkable courage. Now considered an important milestone wristwatch in horological history, the reference 1518 set the course for Patek Philippe’s dominance in the world of high-end Swiss watchmaking. The design and innovation was ahead of its time, and Patek Philippe continued to use its timeless aesthetic as the foundation for a long line of successful and highly sought after complicated wristwatches, including the references 2499, 3970, 5970, and even today’s 5270.
    Launched in 2007, the reference 5971 was the diamond-set version of the reference 5970 - the very last perpetual calendar chronograph wristwatch series to use a Lemania based movement before the introduction of Patek Philippe’s reference 5270 featuring their in-house caliber 29-535. This gem-set reference is a favorite among the watch community for its generous and modern case proportions, and has increased in popularity and collectability over time. The bezel is exquisitely set with top-grade diamonds, totaling approximately 4.37 carats, and the black dial is further enhanced by diamond-set hour markers.
    The present example is offered for the first-time at auction, and is in new, factory-sealed condition complete with its accessories and Certificate of Origin dated 2009 – a rare opportunity for the connoisseur. The reference 5971P is a superb compilation of haute horlogerie and jewellery, with its Top Wesselton diamonds adding a dynamic flair to an iconic Patek Philippe model.

  • 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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Σ157

Ref. 5971P
A very rare and extremely fine platinum and diamond-set perpetual calendar chronograph wristwatch with black dial, moonphase, leap year and 24 hour indicators, with Certificate of Origin, presentation box, additional hard case back, hang tag and setting pin, factory sealed

Circa 2009
40mm Diameter
Case, dial, movement and buckle signed.

Estimate
$180,000 - 360,000 
CHF167,000-333,000
€160,000-319,000
HK$1,400,000-2,810,000

Sold for $378,000

Contact Specialist

Paul Boutros

Head of Watches, Americas

+1 (212) 940-1293

WatchesNY@Phillips.com

 

The 2021 New York Watch Auction

New York Auction 11 - 12 December 2021