Lot 116
  • 116

Patek Philippe

70,000 - 100,000 GBP
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  • Patek Philippe
  • Platinum, crocodile
  • diameter 42 mm
• cal. CH 27-70 manual winding lever movement, stamped with the seal of Geneva, 24 jewels • blue dial, applied white gold Arabic numerals, subsidiary dials for constant seconds and 30-minute register, outer tachymeter scale • platinum case, stepped bezel, fluted down-turned lugs, screw-down sapphire crystal display back • case, dial and movement signed • with a platinum Patek Philippe folding clasp


The movement running and chronograph functioning at the time of cataloguing. Dial and hands in excellent condition. Case in very good condition with only very few minor scuffs from few and very careful wear. Overall in very good condition. The watch has not been tested to determine the accuracy of its timekeeping. Please note that Sotheby's does not guarantee the future working of the movement and that a service may be required at the buyer's discretion.
"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."

Catalogue Note

Accompanied by a Patek Philippe Certificate of Origin, Extract from the Archives confirming the date of sale on October 27th 2008, booklets and presentation case. 

The Reference 5070 represented Patek Philippe's return to production of chronograph watches in 1998 after a break of almost 30 years. The last chronograph model produced before this was reference 1463, production of which ceased in the late 1960s.

The 5070 was originally launched in yellow gold only, but after three years examples were produced in white gold. This was followed by pink gold in 2003 and platinum in 2008. Production ceased in 2010 with the introduction of the reference 5170.

The inspiration for the 5070 was the vintage reference 2512, an unique split-second chronograph wristwatch produced by Patek Philippe between 1950 and 1952. This legendary model can be seen exhibited at the Patek Philippe Museum (inv. P-1160).The case and dial designs are very much alike.

The calibre 27 70 157 is largely recognised as one of the best chronograph movements and is based on a Nouvelle Lemania ébauche especially developed for Patek Philippe. The movement was only used in the 5070 and 5071 references (the white gold diamond-set version of the 5070).

The platinum 5070 having the shortest production period is the rarest with only 18 pieces having re-appeared on the market so far. The highly attractive "bleu nuage" (cloudy blue) dial, which was only fitted on the platinum versions, is a stunning representation which has countless nuances depending on the light. Combined with its robust case, the 5070P is already considered as an iconic piece and one of the most sought-after models of the entire modern production of Patek Philippe.

The present lot, in superb overall condition, comes complete with all its accessories and comes from the original owner and has never been offered at auction before.

For an example of Ref. 2512, see Huber, M. & Banbery, A., Patek Philippe Wristwatches, Vol. 2, Second Edition, p. 274.