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

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  • Manufacturer: Patek Philippe
    Year: Circa 2021
    Reference No: 5270P-001
    Movement No: 7’354’748
    Case No: 6’402’593
    Material: Platinum
    Calibre: Manual, cal. CH 29-535 PS Q, 33 jewels
    Bracelet/Strap: Leather
    Clasp/Buckle: Platinum Patek Philippe deployant clasp
    Dimensions: 41mm Diameter
    Signed: Case, dial, movement and clasp signed
    Accessories: Accompanied by Patek Philippe Certificate of Origin, fitted wooden presentation box, additional solid caseback, leather wallet, hang tag, setting pin and outer packaging.

  • Catalogue Essay

    The perpetual calendar chronograph is one of Patek Philippe’s most historic and iconic models. Its roots date back to 1941 with the creation of the reference 1518. The reference 5270 is the latest version of this model by Patek Philippe, following the 1518 (1941-1951), the 2499 (1951-1987), the 3970 (1987-2004), and finally, the 5970 (2004-2011), which marked the end of the era of Patek Philippe’s use of outsourced – and superbly modified - movements for the base chronograph calibers.

    The reference 5270 was a truly ground-breaking successor to the brand’s storied perpetual calendar line. With its launch in 2011, it was Patek Philippe’s very first perpetual calendar chronograph with a fully in-house movement, the caliber 29-535. Stamped with the Patek Philippe seal, it was manufactured with the company’s high quality standards. In the words of the company’s president, Thierry Stern, the Patek Philippe Seal “applies to the completely assembled mechanical watch as delivered to its owner; moreover it covers both functional and aesthetic aspects” – in essence, it goes even beyond the previously-used Geneva Seal in terms of timekeeping and functional elegance.

    The present reference 5270P was the brand’s latest iteration when launched in 2018, available for the first time in platinum. Highly sought after by collectors for its stunning aesthetics, it is fitted with an elegant "salmon" dial with blackened gold applied baton numerals that are both striking and balanced.

    Fresh to the market, consigned by its original owner, this salmon dial example is only the 9th known to have been offered in public. The watch is in near new condition and complete with its accessories.

    PROPERTY OF THE ORIGINAL OWNER

  • 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. 5270P-001
A rare and highly attractive platinum perpetual calendar chronograph wristwatch with salmon dial, day night indication, moon phase, leap year indication, additional solid caseback, Certificate of Origin, presentation box, and hang tag

Circa 2021
41mm 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 $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