Patek Philippe - The New York Watch Auction: XI New York Saturday, December 7, 2024 | Phillips
  • Manufacturer: Patek Philippe
    Year: Circa 2012
    Reference No: 5550P-001
    Movement No: 5’627’634
    Case No: 4’597’298
    Model Name: Advanced Research
    Material: Platinum
    Calibre: Automatic, cal. 240 Q, 25 jewels
    Bracelet/Strap: Crocodile
    Clasp/Buckle: Platinum Patek Philippe deployant clasp
    Dimensions: 37mm Diameter
    Signed: Case, dial, movement and clasp signed
    Accessories: Accompanied by a Patek Philippe Certificate of Origin, wooden automatic Advanced Research winding box, accompanying cables, solid caseback, setting pin, hang tag, leather envelope, product literature and outer packaging

  • Catalogue Essay

    In 2005, Patek Philippe's Advanced Research Division was created and through innovative materials (Silinvar), complex movements, enhanced accuracy, limited editions and unique design elements, Patek Philippe sought to push the state-of-the-art beyond traditional watchmaking. Patek Philippe’s first Advanced Research model, the reference 5250 annual calendar from 2005, featured a new Silinvar escape wheel developed by CSEM (a micro-engineering laboratory based in Neuchâtel) funded by Patek Philippe, Rolex and the Swatch Group. The Advanced Research collection expanded to include multiple annual calendar models, the exceptional Aquanaut Travel Time, a sound amplifying minute repeater, and a perpetual calendar like the present wristwatch, the reference 5550P

    The limited edition reference 5550P was released in 2011 and today is a highly sought after and collectible wristwatch. The 5550P featured for the first time, three new escapement components working together: a Silvinar (a silicon material) balance wheel, patented Spiromax balance spring, and Pulsomax escapement requiring no oil allowing for better precision and longevity.

    The present watch is fresh to the market and offered in excellent, hardly worn overall condition and accompanied by all of its accessories. Patek Philippe’s Advanced Research program plays an important role in the history of the brand, and the reference 5550P is an exemplary model demonstrating the most impressive results of their initiative.

  • 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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Σ175

Ref. 5550P-001
A very rare and attractive limited edition platinum perpetual calendar wristwatch with moon phase, 24-hour and leap year indication, Silinvar escape wheel, patented Spiromax balance spring and Pulsomax escapement, Certificate of Origin, solid caseback, hang tag, and presentation box

Circa 2012
37mm Diameter
Case, dial, movement and clasp signed

Estimate
$60,000 - 120,000 
CHF53,100-106,000
€57,000-114,000
HK$467,000-934,000

Sold for $139,700

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