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

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  • Manufacturer: Patek Philippe
    Year: Circa 2005
    Reference No: 5970R
    Movement No: 3’047’840
    Case No: 3’047’840
    Material: 18K pink gold
    Calibre: Manual, cal. CH 27-70 Q, 24 jewels
    Bracelet/Strap: Crocodile
    Clasp/Buckle: 18K pink gold Patek Philippe deployant clasp
    Dimensions: 40mm Diameter
    Signed: Case, dial, movement and clasp signed
    Accessories: Accompanied by Patek Philippe Certificate of Origin stamped May 5, 2005, fitted wooden presentation box, additional solid caseback, hang tag, leather wallet, product literature and outer packaging.

  • Catalogue Essay

    Patek Philippe introduced their first perpetual chronograph wristwatch, the reference 1518, in 1941, and it is considered an important milestone wristwatch in horological history. Its timeless aesthetic was the foundation for a long line of successful and highly sought after complicated wristwatches, including the references 2499, 3970, and like the present watch the reference 5970.

    Reference 5970 has a similar design and dial layout to its famous predecessors with day and month indicated via apertures, the date and moonphase display elegantly poised at 6 o’clock. Launched in 2004 and in production for only 7 years, the reference 5970 had the shortest run for any perpetual calendar chronograph by Patek Philippe. Discontinued in 2010, it was replaced by the current reference 5270 based on Patek Philippe’s first in-house chronograph caliber. Reference 5970 relied on a heavily modified Lemania base caliber, housed within a well-proportioned, 40mm case with facetted lugs. The model became an instant success, and since its discontinuation, it has only increased in popularity and collectability.

    Offered in outstanding condition and complete with its Certificate of Origin and additional solid caseback, the present pink gold example is a rare opportunity to own one of these exceptional perpetual calendar chronograph models.

  • 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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ΟΣ118

Ref. 5970R
A very fine and attractive pink gold perpetual calendar chronograph wristwatch with moon phase, Certificate of Origin, additional solid caseback, hang tag, and presentation box

Circa 2005
40mm Diameter
Case, dial, movement and clasp signed

Estimate
$100,000 - 200,000 
CHF90,000-180,000
€92,400-185,000
HK$782,000-1,560,000
S$134,000-269,000

Sold for $190,500

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