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

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  • Manufacturer: Patek Philippe
    Year: Circa 2007
    Reference No: 5959
    Movement No: 3’637’054
    Case No: 4’446’914
    Material: Platinum
    Calibre: Manual, cal. CHR 27-525 PS, 27 jewels
    Bracelet/Strap: Crocodile
    Clasp/Buckle: Platinum Patek Philippe buckle
    Dimensions: 33mm Diameter
    Signed: Case, dial, movement and buckle signed
    Accessories: Accompanied by Patek Philippe Certificate of Origin, leather folio with glossy photograph, and product literature.

  • Catalogue Essay

    Patek Phillippe has long been cherished by collectors for mechanical craftsmanship. Their long line of complicated timepieces from pocket watches to wristwatches is the history of some of the most iconic watches known today. The brand has long been known for their important chronograph calibers, and their first-known split-seconds chronograph wristwatch dates to the 1920s. Considered one of the most complicated mechanisms, the split-second chronograph measures two time intervals at once, meaning individual lap times can be recorded with the split-seconds hand.

    Patek Philippe introduced the reference 5959 in 2005 as an homage to early chronographs manufactured by the firm. As the brand’s very first in-house split-seconds chronograph, the caliber CHR 27-525 PS extra flat column wheel movement was truly ground-breaking, with a mere 5.25mm thickness - a new world record.

    Produced in platinum with two dial variants, black and white, the present example with a white lacquered dial and painted black Breguet numerals is a jaw-dropping specimen boasting a beautiful, officier-style case. Discontinued in 2018, it is estimated there were approximately 50 examples produced with the present, ‘001’ dial. Accompanied by the Certificate of Origin and folio, this reference 5959P is a must-have for collectors of fine and important chronograph timepieces.

  • 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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Ref. 5959
An exceptional and attractive platinum split-seconds chronograph wristwatch with white lacquered dial, Breguet numerals and Certificate of Origin

Circa 2007
33mm Diameter
Case, dial, movement and buckle 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 $254,000

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