Patek Philippe - The New York Watch Auction: NINE New York Saturday, December 9, 2023 | Phillips

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  • Manufacturer: Patek Philippe
    Year: Circa 2018
    Reference No: 5204P-21
    Movement No: 5’253’728
    Case No: 6’207’913
    Material: Platinum
    Calibre: Manual, cal. CHR 29-535 PS Q
    Bracelet/Strap: Leather
    Dimensions: 40mm Diameter
    Signed: Case, dial, and movement signed
    Accessories: Accompanied by a Patek Philippe Certificate of Origin dated June 5, 2018, fitted wooden presentation box, additional solid case back, hang tag, setting pin, leather portfolio with photograph and product literature, original Patek Philippe numbered slip box, and outer packaging.

  • Catalogue Essay

    Patek Philippe’s collection of modern complicated timepieces was first introduced in 1941 with the reference 1518, the first serially produced perpetual calendar chronograph with moon phase. The model was replaced a decade later with the reference 2499, one of the most iconic and sought after perpetual calendar wristwatches ever produced. In 1996, Patek Philippe released their first ever perpetual calendar split-seconds chronograph, the reference 5004. Extremely well-received by collectors, the watch marked an important moment for the firm, using the last Lemania-based caliber, cal. CH 27-70 Q. The reference was discontinued in 2010, and two years later Patek Philippe launched the important reference 5204.

    The new model featured the manufacturer’s first in-house caliber CHR 29-535 PS Q, replacing the former Lemania based caliber found on the reference 5004. The 5204 featured upgrades such as an enlarged 40mm diameter case, baton numerals, a tweaked dial layout with a noticeable “upside down” moon phase, and the 24 hour hand replaced by a day/night indication. The reference was released in platinum with an opaline silver dial and two years later with a black dial.

    The addition of a split-second feature propels the watch into the ultimate echelon of watchmaking, the split-second chronograph being one of the most daunting complications to execute, together with the minute repeater. Such mechanical prowess coupled with the generous proportions of the watch and the quintessentially Patek Philippe design of the piece made the reference 5204 an instant classic that is highly coveted by collectors.

    The present example is offered for the first time at auction by the original owner and sports a stunning, and possibly unique 021 black dial type with applied Breguet numerals and red hands for the chronograph seconds, minute counter, and running seconds. Without a doubt offered to one of Patek Philippe’s most important clients, the watch is furthermore preserved in outstanding condition and is accompanied by its full set of accessories. Being the first reference to feature Patek Philippe’s first in-house split-seconds, the present “special-order” reference 5204 is without a doubt one of the most important versions of this milestone reference to appear on the market.

    CONSIGNED BY 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. 5204P-21
An exceptional and possibly unique platinum perpetual calendar split-seconds chronograph wristwatch with Breguet numerals, red hands, moon phase, leap year, day and night indications with Certificate of Origin, additional solid case back and presentation box

Circa 2018
40mm Diameter
Case, dial, and movement signed

Estimate
$150,000 - 300,000 
CHF133,000-266,000
€138,000-276,000
HK$1,170,000-2,340,000
S$202,000-404,000

Sold for $838,200

Contact Specialist

Paul Boutros
Deputy Chairman and 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: NINE

New York Auction 9 - 10 December 2023