Lot 2079
  • 2079

Patek Philippe

Estimate
2,300,000 - 3,300,000 HKD
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Description

  • A VERY FINE AND RARE YELLOW GOLD AUTOMATIC MINUTE REPEATING WRISTWATCH, LIMITED PRODUCTION OF 10 TO COMMEMORATE THE OPENING OF THE PATEK PHILIPPE FACTORY IN GENEVA1997 REF 5029 NO 1 MVT 1904085 CASE 4015621
  • diameter 35 mm
• cal. R27 PS automatic nickel lever movement stamped with the Geneva seal, 39 jewels, Gyromax balance, 22k gold mini-rotor, minute repeating on two gongs • champagne-coloured dial, applied yellow gold Breguet numerals, outer minute ring, subsidiary dial for constant seconds • 18k yellow gold case, minute repeating slide to the band, screw-set lugs, sapphire crystal display dust cover, hinged case back • inner case back stamped JHP for Jean-Pierre Hagmann, case, dial and movement signed • with an 18k yellow gold Patek Philippe buckle

Condition

Movement is in working order while cataloguing, however it may benefit from a service. Minute repeating has a harmonised sound, even speed and crisp tone. Dial is clean and intact. Minor surface scuffs and hairline to the case. Strong hallmark with no signs of any polishing. Overall condition is very good. **The strap of this wristwatch is made from an endangered species, please refer to important notices for further information**.
"In response to your inquiry, we are pleased to provide you with a general report of the condition of the property described above. All dimensions in catalogue descriptions are approximate. Condition reports may not specify mechanical replacements or imperfections to the movement, case, dial, pendulum, separate base(s) or dome. Watches in water-resistant cases have been opened to examine movements but no warranties are made that the watches are currently water-resistant. Please note that we do not guarantee the authenticity of any individual component parts, such as wheels, hands, crowns, crystals, screws, bracelets and leather bands, since subsequent repairs and restoration work may have resulted in the replacement of original parts. Since we are not professional conservators or restorers, we urge you to consult with a restorer or conservator of your choice who will be better able to provide a detailed, professional report. Prospective buyers should inspect each lot to satisfy themselves as to condition and must understand that any statement made by Sotheby's is merely a subjective, qualified opinion. Prospective buyers should also refer to any Important Notices regarding this sale, which are printed in the Sale Catalogue. In particular, please note it is the purchaser's responsibility to comply with any applicable import and export matters, particularly in relation to lots incorporating materials from endangered species.NOTWITHSTANDING THIS REPORT OR ANY DISCUSSIONS CONCERNING A LOT, ALL LOTS ARE OFFERED AND SOLD AS IS" IN ACCORDANCE WITH THE CONDITIONS OF BUSINESS PRINTED IN THE SALE CATALOGUE."

**Please be advised that bands made of materials derived from endangered or otherwise protected species (i.e. alligator and crocodile) are not sold with the watches and are for display purposes only. We reserve the right to remove these bands prior to shipping.

Important Notice regarding importation into the United States of Rolex watches
Sotheby's cannot arrange for the delivery of Rolex watches to the United States because U.S. laws restricts the import of Rolex watches. The buyer or a designated agent may collect the property in the country of sale."

Catalogue Note

With a Patek Philippe pouch and Extract from the Archive confirming production in 1997 and sale on October 24th of the same year.

Ref. 5029 was launched in 1997 and produced in a total edition of 30 examples in three metals. Patek Philippe's promotional literature notes ten pieces were cased in yellow gold, ten in pink gold and ten in platinum, with the first example produced in each metal specially engraved ‘number one’ to the reverse. The understated design of Ref. 5029 belies the complexity of the movement it houses. This model combines the time-honoured tradition of minute-repeating watches with the contemporary desire for self-winding wristwatches. In order to fulfill both of these demands, Patek Philippe designed the cal. R27PS movement, which utilizes an offset rotor to allow space for the minute-repeating gongs. Ensuring the chime's clarity of sound is a significant challenge in the creation of any minute-repeating timepiece. To meet this challenge, Patek Philippe tested a multitude of alloys, finally developing new acoustic steel for the sole purpose of minute-repeating gongs. In the conception of a minute-repeating watch, the case maker must keep the clarity of sound in mind in addition to the numerous technical and aesthetic demands of the craft. The present model achieves an incredibly clear chime within a hinged Officer's-style case, whose cuvette and straight, screw-set lugs recalls some of the first wristwatches produced by the firm. The case of the present Ref. 5029 was made by the celebrated Jean-Pierre Hagmann, whose case maker's mark, JHP, is stamped on the inside of the hinged case back.