Patek Philippe - The New York Watch Auction: EIGHT New York Saturday, June 10, 2023 | Phillips

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  • Manufacturer: Patek Philippe
    Year: Circa 2008
    Reference No: 5098
    Movement No: 3'708'796
    Case No: 4'467'117
    Model Name: Chronometro Gondolo
    Material: Platinum
    Calibre: Manual, cal. 25-21, 18 jewels
    Bracelet/Strap: Crocodile
    Clasp/Buckle: Platinum Patek Philippe deployant clasp
    Dimensions: 50mm overall length
    Signed: Case, dial, movement and clasp signed
    Accessories: Accompanied by Patek Philippe Certificate of Origin dated December 17, 2008 and stamped Hamilton Company Jewelers, Inc, fitted wooden presentation box, leather wallet, product literature and outer packaging.

  • Catalogue Essay

    Like the Calatrava, Patek Philippe’s Gondolo Collection has a long and diverse history ranging from early pocket watches to modern wristwatches. The various models have an easily recognised design and today are appreciated by collectors for stately elongated tonneau-shaped wristwatches. Named for the famed Rio de Janeiro retailer, “Gondolo & Labouriau”, which maintained business relations with Patek Philippe from 1872 until 1927. The brand’s “Chronometro Gondolo” pocket watches, exclusively designed for the retailer, are still admired by collectors for their craftsmanship and specially commissioned movements. Found in nine sizes from 10 to 22 ligne, there are both time only and chronograph timepieces, along with a variety of dial design types including 24-hour dials.

    The first “Chronometro Gondolo” wristwatches were introduced in the 1920s, with the designs used in later models such as the haute joaillerie reference 7099. Patek Philippe released the reference 5098 in 2007 in both platinum, like the present model, and pink gold. The case has a 1920s vibe with a cambered dial with hand-guilloché design, oversized Arabic numerals, and bears the “Chronometro Gondolo” signature at 6 o’clock.

    The present watch is in excellent condition, and is a lovely reminder of Patek Philippe’s prestigious history.

  • 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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Σ112

Ref. 5098
A fine and attractive platinum tonneau-shaped wristwatch with Certificate of Origin and presentation box

Circa 2008
50mm overall length
Case, dial, movement and clasp signed

Estimate
$15,000 - 25,000 
CHF13,500-22,500
€13,900-23,100
HK$117,000-195,000
S$20,200-33,600

Sold for $22,860

Contact Specialist

Paul Boutros
Head of Watches, Americas
+1 (212) 940-1293
WatchesNY@Phillips.com
 
Isabella Proia
Head of Sale, New York
+1 (212) 940 1285
iproia@phillips.com

The New York Watch Auction: EIGHT

New York Auction 10 - 11 June 2023