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

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  • Manufacturer: Patek Philippe
    Year: 2006
    Reference No: 5970G-001
    Movement No: 3’048’338
    Case No: 4’375’055
    Material: 18K white gold
    Calibre: Manual, cal. CH 27-70 Q, 24 jewels
    Bracelet/Strap: Leather
    Clasp/Buckle: 18K white gold Patek Philippe deployant clasp
    Dimensions: 40mm Diameter
    Signed: Case, dial, movement, and clasp signed.
    Accessories: Accompanied by Patek Philippe Certificate of Origin dated November 8th, 2006, fitted presentation box, and outer box.

  • Catalogue Essay

    Released in 2004, the Patek Philippe reference 5970 had one of the shortest production runs for the company, lasting approximately 6 years from 2004 to 2011. This reference was the last perpetual calendar chronograph model to use the revered, Lemania 2310-based movement.

    Proud heir to Patek Philippe's prestigious perpetual calendar chronographs starting with reference 1518, 2499, and 3970, the reference 5970 was the first model developed and designed by Thierry Stern upon his accession as President of the company. The reference 5970 in white gold, like the present example, alongside the pink gold version, was the first variant introduced in 2004 and remained in production until 2009.

    The design of the 5970 takes cues from the past but interprets them in a thoroughly modern way. Forty millimeters in diameter with faceted lugs, it was a notable increase in size from its immediate predecessor, the reference 3970. It is noteworthy that the larger case does not jeopardize the symmetry and comfort of the watch at all; on the contrary, the watch is extremely wearable and retains a very balanced symmetry.

    The tachymeter scale encircles the day and month windows, which themselves are clear and legible. The three subdials are also perfectly aligned and in symmetry with the outer dial as well as with the minutes, hours, and chronograph hands.

  • 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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Ο25

Ref. 5970G-001
An elegant and desirable white gold perpetual calendar chronograph wristwatch with moon phases, 24-hour and leap year indicators, Certificate of Origin, and presentation box

2006
40mm Diameter
Case, dial, movement, and clasp signed.

Estimate
$70,000 - 140,000 
CHF63,000-126,000
€64,700-129,000
HK$547,000-1,090,000
S$94,100-188,000

Sold for $177,800

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