Patek Philippe - The New York Watch Auction: SIX New York Saturday, June 11, 2022 | Phillips

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  • Condition Report

  • Description

    View our Conditions of Sale.

  • Manufacturer: Patek Philippe
    Year: Circa 2002
    Reference No: 5020
    Movement No: 3’046’606
    Case No: 2’994’186
    Model Name: “TV Screen”
    Material: 18K pink gold
    Calibre: Manual, CH 27-70 Q, 24 jewels
    Bracelet/Strap: Crocodile
    Dimensions: 37mm Wide
    Signed: Case, dial, and movement signed.
    Accessories: Accompanied by Patek Philippe Certificate of Origin dated 19 November, 2002, fitted wooden presentation box, additional solid back, 18K pink gold setting pin, leather envelope, product literature and outer packaging.

  • Catalogue Essay

    The reference 5020 was launched in 1994 and remained in production for a short eight years. The model affectionately known by collectors as the “TV Screen” due to its cushion-shape was an alternative to the popular reference 3970, featuring the same complication, and mechanically identical: perpetual calendar with leap year, 24 hour indicator and chronograph. The Avant garde design and tasteful proportions set it apart from other perpetual calendar wristwatches offered by the brand at the time. While today’s collectors seek out this model due to the unusual case design, originally it was not well received by Patek Philippe clients, and research indicates that only approximately 200 examples were produced in yellow, pink, white gold, and platinum. The reference 5020 is highly appreciated by discerning collectors for its Lemania-based caliber CH 27-70Q - the first non-Valjoux chronograph movement used by Patek Philippe. Heavily modified and meticulously hand-finished by Patek Philippe, it was one of the finest movements in production at the time.
    The present pink gold example is fresh-to-the-market and exceptional. Offered for the first time at auction, it comes complete with its original Certificate of Origin, additional solid case back and presentation box. The case is well-preserved, and the beautiful dial with Breguet numerals is flawless and stunning. Patek Philippe’s iconic line of perpetual chronographs reaches back eighty years with the classic reference 1518. Their designs and mechanical innovations have continued since then, and the reference 5020 is another example of these rare, complicated 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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Σ123

Ref. 5020
A rare and fine pink gold cushion-shaped perpetual calendar chronograph wristwatch with Breguet numerals, Certificate of Origin, additional solid case back, and presentation box

Circa 2002
37mm Wide
Case, dial, and movement signed.

Estimate
$120,000 - 240,000 
CHF119,000-239,000
€115,000-230,000
HK$942,000-1,880,000
S$167,000-335,000

Place Advance Bid
Contact Specialist

Paul Boutros

Head of Watches, Americas

+1 (212) 940-1293

[email protected]

 

Isabella Proia

Head of Sale, New York

+1 (212) 940 1285

[email protected]

The New York Watch Auction: SIX

New York Auction 11-12 June 2022