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

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  • Manufacturer: Patek Philippe
    Year: Circa 2017
    Reference No: 5170
    Movement No: 7’030’180
    Case No: 6’209’599
    Material: Platinum and diamond
    Calibre: Manual, CH29-535 OS
    Bracelet/Strap: Leather
    Clasp/Buckle: Platinum Patek Philippe deployant clasp
    Dimensions: 39.5mm Diameter
    Signed: Case, dial and movement signed
    Accessories: Accompanied by a Patek Philippe leather envelope with product literature.

  • Catalogue Essay

    Patek Philippe ceased production of their famed chronographs in the 1960s when they discontinued the iconic water resistant reference 1463 two-register chronograph. They would not produce another chronograph wristwatch until 1998, when they launched the reference 5070 in a large 42mm diameter case, housing a Lemania-based movement significantly modified and finished by Patek Philippe. In 2010, Patek Philippe would enter a new chapter in its history, releasing the all new reference 5170 chronograph that housed their first fully in-house simple chronograph movement – the caliber 29-535. Reduced in size compared with the reference 5070, the new chronograph with its 39.5 mm case diameter had more svelte proportions, making it the perfect watch for the office, board meeting, or casual weekend wear. Initially, it was produced in both yellow and white gold, with various dial and case configurations. In 2017, they released a wonderfully sublime platinum-cased variant, like the present example, fitted with a blue “fume” dial set with baguette diamond hour markers.

    Offered by the original owner, this rare model was in production from 2017 until 2019, when the reference was replaced by the reference 5127G. The present watch has a wonderfully modern aesthetic, and the blue degradé dial is expertly done with color gradation and a sunburst texture. The diamond hour markers add a tasteful, luxurious touch to the watch, however when juxtaposed against the blue of the dial, they subtly meld into the dial to create a stunning aesthetic that doesn’t overwhelm the masculine appeal.

    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.

    View More Works

146

Ref. 5170
A rare and highly attractive platinum chronograph wristwatch with baguette diamond indices, “fumé” dial with tachymeter

Circa 2017
39.5mm Diameter
Case, dial and movement signed

Estimate
$60,000 - 120,000 
CHF54,000-108,000
€56,100-112,000
HK$469,000-937,000
S$81,600-163,000

Sold for $101,600

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