Patek Philippe - The New York Watch Auction: XI New York Saturday, December 7, 2024 | Phillips
  • Manufacturer: Patek Philippe
    Year: 1999
    Reference No: 5059-015G
    Movement No: 1’958’000
    Case No: 4’066’560
    Material: 18K white gold
    Calibre: Automatic, cal. 315 s QR, 31 jewels
    Bracelet/Strap: Crocodile
    Clasp/Buckle: 18K white gold Patek Philippe deployant clasp
    Dimensions: 36mm Diameter
    Signed: Case, dial, movement and clasp signed.
    Accessories: Accompanied by Patek Philippe Certificate of Origin dated December 18th, 1999, and stamped Bartorelli Gioielli in Fabriano, Italy, Patek Philippe automatic winding presentation box, product literature, leather wallet, numbered envelope, and outer box.

  • Catalogue Essay

    The reference 5059 was introduced in 1998 to replace the previous reference 5050, the first serially produced perpetual calendar with a retrograde date by Patek Philippe. Discontinued in 2006, the 5059 was produced in all four precious metals and is particularly noteworthy for its “officer”-style hinged case back and elongated lugs with screwed pins. Though the case diameter measures 36 millimeters, the shape and size of the lugs, as well as the thickness of the case and its domed bezel, give the 5059 a significant presence on the wrist. Cased in white gold, it is particularly elegant and sublime, even more so given the stark white dial contrasted with the painted black Roman numerals. As it was originally sold in Italy, the day and month are featured in Italian – a rarity for the reference.

    The reference 5050 and 5059 share the sophisticated, self-winding caliber 315 S-QR with its striking 21K gold rotor, based on the caliber 315 SC featuring center seconds. A robust and state-of-the-art in-house movement, it features an intriguing retrograde date complication as part of its perpetual calendar function. At the end of each month, the date hand automatically flies back to its original starting point – a very difficult function to reliably implement in watchmaking.

    Presented in excellent overall condition with its certificate of origin, presentation box and papers, this reference 5059 in 18K white gold is an elegant and versatile watch suitable for any occasion.

  • 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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Σ133

Ref. 5059-015G
A fine and well-preserved white gold perpetual calendar wristwatch with retrograde date, moon phase and “officer”-style hinged case back with Certificate of Origin and presentation box

1999
36mm Diameter
Case, dial, movement and clasp signed.

Estimate
$25,000 - 50,000 
CHF22,000-44,000
€23,400-46,900
HK$194,000-389,000

Sold for $35,560

Contact Specialist

Paul Boutros
Deputy Chairman, Watches, 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: XI

New York Auction 7 - 8 December 2024