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

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  • Manufacturer: Patek Philippe
    Year: 2013
    Reference No: 5130R-021
    Movement No: 5’769’475
    Case No: 4’647’594
    Model Name: World time
    Material: 18K pink gold
    Calibre: Automatic
    Bracelet/Strap: Crocodile
    Clasp/Buckle: 18K pink gold Patek Philippe pin buckle
    Dimensions: 39.5mm Diameter
    Signed: Case, dial, movement, and buckle signed
    Accessories: Accompanied by a Patek Philippe Certificate of Origin dated November 23, 2013 and stamped Bauer, fitted wooden presentation box, leather folio with Patek Philippe Attestation and photograph, product literature and outer packaging.

  • Catalogue Essay

    World-time watches were invented, as is the case with most innovations, out of necessity. With the advent of the industrial age came global trade and travel and, as a direct result, there was a need for timekeeping devices capable of tracking time in multiple locations. The world-time complication, other than being a utilitarian invention, is also a window into our history. With the rise and fall of nations, one capital replaces another as the reference city for a specific time zone. Patek Philippe was one of the first brands to embrace this new complication in the early 1930s.

    Released in 2006, the Patek Philippe reference 5130 World Time is the second modern iteration of the famous timepiece. Being the successor of the reference 5110, the new model featured essentially the same caliber but in a larger case size at 39.5mm in diameter, compared to the original 37mm option. The World Time was initially developed by Louis Cottier in 1935, who engineered a system of inner rotating discs indicating 24 cities covering all major time zones. Fast forward to modern times, the mechanism remains largely unchanged due to its simple practicality and ease of use. Produced in all four precious metals including yellow gold, pink gold, white gold, and platinum, the model was sold with numerous dial variants including the present -021 model featuring “Bogota” in red, the capital of Colombia.

    The present extremely rare 5130R-021 is one of only five produced, making it among the rarest of all variants of the reference. The watch is offered for the first time by the original owner and was a commemorative wristwatch celebrating the 120th anniversary of Bauer & Co. This example is new-old-stock and remains factory double sealed. The watch is accompanied by its Certificate of Origin dated November 23, 2013, and is stamped Bauer and Co. The included Attestation confirms the watch is one of only five made for this special occasion. The sapphire caseback reads “Limited Edition Joyeria Bauer Bogota 1893 120th Anniversary 1892-2013.” The model was also offered in a limited-edition run of 25 white gold examples.

    All variations of the reference were discontinued in 2016 to make way for the new reference 5230. This special world time wristwatch is a rare opportunity to own this modern synthesis of Patek Philippe’s past and present.

    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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Σ58

Ref. 5130R-021
An extremely rare limited edition pink gold world time “Bogota” wristwatch with Certificate of Origin and presentation box, made to commemorate the 120th anniversary of Bauer & Co., one of five pieces and factory double sealed

2013
39.5mm Diameter
Case, dial, movement, and buckle signed

Estimate
$25,000 - 50,000 
CHF22,500-45,000
€23,400-46,800
HK$195,000-390,000
S$34,000-67,900

Sold for $53,340

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