Patek Philippe - The New York Watch Auction: XI New York Saturday, December 7, 2024 | Phillips
  • Manufacturer: Patek Philippe
    Year: Circa 1994
    Reference No: 5020
    Movement No: 3’045’028
    Case No: 2’956’098
    Model Name: “TV Screen”
    Material: 18K yellow gold
    Calibre: Manual, cal. 27-20 Q W, 24 jewels
    Bracelet/Strap: Crocodile
    Clasp/Buckle: 18K yellow gold Patek Philippe pin buckle
    Dimensions: 36mm height x 37mm width
    Signed: Case, dial, movement and buckle signed
    Accessories: Accompanied by Certificate of Origin dated November 16th, 1994 and stamped Patek Philippe Salon in Geneva, service payment slip from 2010, additional solid case back, hangtag, setting pin, fitted box and product literature.

  • Catalogue Essay

    Launched in 1994 and in production for approximately 8 years, Patek Philippe’s reference 5020, also known as the “TV Screen” due to its unusual cushion shape was an alternative to the reference 3970 featuring the identical complications: perpetual calendar with leap year, 24-hour indicator, moonphase, and chronograph.

    It is believed that about 200 examples of reference 5020 were ever made, either in yellow, pink, or white gold as well as in platinum. The cushion-form, so-called “TV-shaped” case is much more reminiscent of the oversized tonneau cases of the 1970s, such as the famous Beta 21. Patek Philippe also incorporated other classic features such as Breguet numerals and hands, giving the reference 5020 a distinctively elegant look.

    It took about 10 years following its introduction for the market to appreciate the model: the purity of its mirror-finished retro aesthetics, generous size, and overall incredible rarity compared to that of all other Patek Philippe perpetual calendar chronograph references. With time, these factors rendered the reference one of the most collectible and sought-after perpetual calendar chronograph models made by the manufacture. Less than five examples cased in yellow gold, such as the present example, have appeared on the public market, according to scholarship. Originally purchased at the Patek Philippe Boutique in Geneva, the present example was especially well cared for. It is accompanied by all its original accessories including hangtag, certificate of origin, and additional solid case back, making it an exciting opportunity for the discerning collector.

  • 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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Σ55

Ref. 5020
A very rare and attractive yellow gold cushion-shaped perpetual calendar chronograph wristwatch with Breguet numerals, Certificate of Origin, additional solid case back, setting pin and presentation box

Circa 1994
36mm height x 37mm width
Case, dial, movement and buckle signed

Estimate
$120,000 - 240,000 
CHF106,000-211,000
€112,000-225,000
HK$933,000-1,870,000

Sold for $165,100

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