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: 2021
    Reference No: 5370P-011
    Movement No: 5’255’325
    Case No: 6’396’723
    Material: Platinum
    Calibre: Manual, cal. CHR 29-535 PS, 34 jewels
    Bracelet/Strap: Alligator
    Clasp/Buckle: Patek Philippe platinum deployant clasp
    Dimensions: 41mm Diameter
    Signed: Case, dial, movement, and buckle signed.
    Accessories: Accompanied by Patek Philippe Certificate of Origin dated May 23rd 2021, leather wallet, leather presentation folder, product literature, additional solid caseback, hang tag, additional strap, inner and outer presentation box, and outer packaging,

  • Catalogue Essay

    A worthy heir to the Patek Philippe split-seconds chronographs of yesteryear, the reference 5370 was first introduced in 2015 to vivid enthusiasm from Patek enthusiasts. The 41mm platinum case draws inspiration from the most classical of vintage Patek Philippe chronographs, the reference 130, famously rendered in a split-seconds version as the reference 1436 (for an example of a vintage reference 1436, please see lot 106). The architectural cues remain in the elongated lugs, polished bezel, while boasting an increased diameter and prestigious platinum case material with sapphire caseback, by which the superbly finished caliber can be viewed. Interestingly, the hand-polished case has an inset brushed panel, and the location that would normally feature a lug hole instead has a platinum cabochon. According to Patek Philippe, the entire case finishing process takes one artisan three hours to complete.

    At first featuring a black enamel dial, the fully in-house manufactured and finished caliber CHR 29-535 featured a brand-new isolator that uncouples the split-seconds wheel from the chronograph wheel thus eliminating friction. Furthermore, the brand developed an ingenious system allowing the chronograph and split seconds hands to perfectly align upon resetting to zero. In 2020, the black enamel dial was discontinued and the reference was relaunched with the intense cerulean blue dial of the present example, and this is the first of its kind to grace the auction market.

    Retaining all of its original accessories, including additional solid caseback, this is the first-ever opportunity to acquire a 5370P-011 publicly, and for many, a very rare opportunity to acquire one at all considering its extremely low production numbers.

    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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Σ64

Ref. 5370P-011
A vibrant and scarce platinum split-second chronograph wristwatch with blue enamel dial, Breguet numerals, additional solid caseback, Certificate of Origin, and presentation boxes

2021
41mm Diameter
Case, dial, movement, and buckle signed.

Estimate
$150,000 - 300,000 
CHF149,000-299,000
€144,000-288,000
HK$1,180,000-2,350,000
S$209,000-419,000

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