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

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  • Manufacturer: Patek Philippe
    Year: 2010
    Reference No: 5970P-001
    Movement No: 3’931’882
    Case No: 4’503’621
    Material: Platinum
    Calibre: Manual, cal. CH 27-70Q, 24 jewels
    Bracelet/Strap: Crocodile
    Clasp/Buckle: Platinum Patek Philippe deployant clasp
    Dimensions: 40mm Diameter
    Signed: Case, dial movement, and clasp signed.
    Accessories: Accompanied by Patek Philippe Certificate of Origin dated May 18th, 2010, product literature, leather envelope, and outer envelope.

  • Catalogue Essay

    Manufactured from 2004 to 2011, reference 5970 was Patek Philippe's very last perpetual calendar chronograph wristwatch series to use a Lemania 2310 based movement. With the introduction of successor reference 5270, Patek Philippe used its own in-house movement. Platinum reference 5970P examples, like the present watch, were only produced from 2008 until approximately early 2011, with, according to scholarship, only approximately 300 to 500 examples estimated to have been made.

    Due to its generous and modern case proportions, this reference is a favorite among scholars and the watch community. Since the model stopped production, it has only increased in popularity and collectability. Compared to its predecessor, reference 3970, reference 5970 has a much larger and heftier case size of 40 millimeters.

    While the reference has enjoyed variations such as different gem-set bezels and various dial designs, examples cased in platinum like this watch are the true classics. The black dial immediately distinguishes the case metal as platinum, as does the subtle diamond between 6 o'clock. Consigned by an important collector, its case is beautifully preserved, offered in hardly worn, most probably unpolished condition.

  • 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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Σ149

Ref. 5970P-001
An extremely well-preserved and attractive platinum perpetual calendar chronograph wristwatch with moon phases, 24-hour indication, leap year indication, and Certificate of Origin

2010
40mm Diameter
Case, dial movement, and clasp signed.

Estimate
$120,000 - 180,000 
CHF108,000-162,000
€112,000-168,000
HK$937,000-1,410,000
S$163,000-245,000

Sold for $254,000

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