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

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  • Manufacturer: Patek Philippe
    Year: Circa 1998
    Reference No: 5004P-021
    Movement No: 879'881
    Case No: 4'146'746
    Material: Platinum
    Calibre: Manual, cal. CHR 27-70 Q, 28 jewels
    Bracelet/Strap: Crocodile
    Clasp/Buckle: Platinum Patek Philippe deployant clasp
    Dimensions: 36mm Diameter
    Signed: Case, dial, movement, and clasp signed.
    Accessories: Accompanied by Patek Philippe Certificate of Origin, product literature, leather folio, additional hard caseback, setting pin, numbered hang tag, fitted presentation box, and outer box. Further accompanied by Patek Philippe travel box.

  • Catalogue Essay

    One of the great classics of the modern Patek Philippe catalogue, the reference 5004 was produced between 1994 and 2010. It was the first Patek Philippe serially-produced perpetual calendar chronograph wristwatch with split-seconds – based on the iconic perpetual calendar chronograph models so intertwined with the history of the brand - now with the addition of a split-seconds complication. Together with the reference 5070 and 5970, it was the last Patek Philippe model to employ the “Nouvelle Lemania”-based calibre.

    The aesthetics of the watch are based on reference 3970 (itself based on the iconic ref. 2499 and 158), with subtle differences: the dial features large Arabic numerals instead of baton markers most often found on the ref. 3970; the case is thicker and 0.8 mm larger because of the split-seconds complication, granting it a more substantial wrist presence, while still remaining very elegant and understated. While the model was cased in a variety of metals (pink gold, yellow gold, white gold, and stainless steel), platinum examples are incredibly rare. In addition, this dial is confirmed by the Certificate of Origin, adding another element of collectibility. It varies slightly from the -001, as the former has an opaline white dial, and the -021 bears a silvered dial.

    Coming from the collection of an important collector, this fresh-to-market reference 5004 in platinum is accompanied by its full suite of original accessories, including additional solid caseback and setting pin. It has been recently unsealed from a factory service, and is exceptionally well-preserved.

  • 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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Σ122

Ref. 5004P-021
An exceptionally rare and attractive platinum perpetual calendar split-seconds chronograph wristwatch with moon phase, additional solid caseback, setting pin, hang tag, Certificate of Origin, and presentation box

Circa 1998
36mm Diameter
Case, dial, movement, and clasp signed.

Estimate
$150,000 - 300,000 
CHF135,000-270,000
€139,000-277,000
HK$1,170,000-2,350,000
S$202,000-403,000

Sold for $317,500

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