Lot 360
  • 360

Patek Philippe

Estimate
310,000 - 410,000 CHF
bidding is closed

Description

  • A VERY FINE AND RARE LIMITED EDITION PINK GOLD AUTOMATIC MINUTE REPEATING WRISTWATCH, LIMITED PRODUCTION OF 10 TO COMMEMORATE THE OPENING OF THE PATEK PHILIPPE FACTORY IN GENEVA 1997 REF 5029 MVT 1904092 CASE 2833924 MADE IN 1997
  • Rose gold
  • diameter 35 mm
• cal. R27 PS automatic nickel lever movement stamped with the Geneva seal, 39 jewels, Gyromax balance, 22k gold mini-rotor, revolving repetition governor under pierced Calatrava cross, minute repeating on two gongs • silvered dial, applied pink gold Breguet numerals, outer minute division, subsidiary dial for constant seconds • 18k pink gold case, minute repeating slide to the band, screw-set lugs, sapphire crystal display dust cover, hinged case back • case, dial and movement signed, inner case back stamped JHP for Jean-Pierre Hagmann • with an 18k pink gold Patek Philippe buckle

Condition

The movement and minute repeating mechanism are working at the time of cataloguing. The dial is in good condition. Case in very good condition with only very light scuffs. Overall in very good condition. Please note that the movement has not been checked for timekeeping accuracy and Sotheby's will not be held responsible for any repairs should they be require. **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

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. The understated yet classic case 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 fulfil 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.