View full screen - View 1 of Lot 2223. Reference 5070 | A possibly unique and heavy platinum chronograph wristwatch with black dial and bracelet, Circa 2012 | 百達翡麗 | 型號5070 | 獨特鉑金計時鏈帶腕錶,備黑色錶盤,約2012年製.
2223

Patek Philippe

Reference 5070 | A possibly unique and heavy platinum chronograph wristwatch with black dial and bracelet, Circa 2012 | 百達翡麗 | 型號5070 | 獨特鉑金計時鏈帶腕錶,備黑色錶盤,約2012年製

Premium Lots

Estimate:

4,000,000 - 8,000,000 HKD

Property from an Important Private Collector

Patek Philippe

Patek Philippe

Reference 5070 | A possibly unique and heavy platinum chronograph wristwatch with black dial and bracelet, Circa 2012 | 百達翡麗 | 型號5070 | 獨特鉑金計時鏈帶腕錶,備黑色錶盤,約2012年製

Reference 5070 | A possibly unique and heavy platinum chronograph wristwatch with black dial and bracelet, Circa 2012 | 百達翡麗 | 型號5070 | 獨特鉑金計時鏈帶腕錶,備黑色錶盤,約2012年製

Estimate:

4,000,000 - 8,000,000 HKD

Lot sold:

5,015,000

HKD

Property from an Important Private Collector


Patek Philippe

Reference 5070

A possibly unique and heavy platinum chronograph wristwatch with black dial and bracelet, Circa 2012

百達翡麗

型號5070

獨特鉑金計時鏈帶腕錶,備黑色錶盤,約2012年製


Dial: black

Calibre: cal. CH 27-70 mechanical, 24 jewels

Movement number: 3'715'197

Case: platinum, screw down sapphire crystal display back

Case number: 4'494'944

Closure: platinum Patek Philippe bracelet and double folding clasp

Size: 42 mm diameter, bracelet circumference approximately 200 mm

Signed: case, dial and movement

Accessories: Patek Philippe Certificate of Origin and presentation box

附帶證書及盒子

The movement is in working condition at the time of cataloguing. The chronograph function is working properly. The dial is in excellent overall condition. The bezel with extremely minor signs of wear at places. The lugs with signs of wear toward the front. The band with light surface wear particularly at 9 o'clock. The case back with minor signs of wear toward the outer edges. Otherwise the watch is in very good overall condition with good fluting to the lugs. The bracelet with minor surface wear at places and toward the folding clasp. Due to the heaviness of the watch, light scratching is more prone than other metals.


Please note that the movement has not been tested for the accuracy of time and may need a service at the buyer's expense. Sotheby's does not guarantee the future working of the movement and we do not guarantee the authenticity of any individual component parts since subsequent repairs and restoration work may have resulted in the replacement of original parts. You are advised that watch straps or bands made of materials derived from endangered or otherwise protected species (i.e. alligator or crocodile) are not sold with the watch and we reserve the right to remove these straps or bands prior to shipping. Furthermore, the watch may not come with its original manufacturers strap or band.


Prospective bidders should review the Conditions of Business, Authenticity Guarantee, the Guide for Prospective Buyers, and any Important Notice in the sale catalogue.


"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."

When Patek Philippe ceased production of the celebrated reference 1463 in the 1960s, their catalogues remained devoid of a chronograph-only wristwatch for over four decades. This was the reason why the watch world was caught completely by surprise when in 1998 Patek Philippe, known for their conservatively and classically styled and proportioned wristwatches, launched a hulking 42mm chronograph, the reference 5070.


The watch was a full 7mm larger than its predecessor, the reference 1463, and also 6mm larger than the perpetual calendar chronograph which was in production at the time, the reference 3970. Even watches that were introduced after the 5070 was discontinued were smaller, including the reference 5170 chronograph at 41mm. This large size is one of the reasons for the watch’s immense popularity on the market today, but despite the diameter the watch is extremely comfortable and easy to wear thanks to the short lug-to-lug span and ergonomic case design.


The large case, stepped case profile and even dial design were all directly inspired by the reference 2512 chronograph rattrapante which resides in the Patek Philippe museum.


The present watch is even more important and unique than most 5070s. 5070s cased in platinum are rare, with an estimated 250 made in total, but this watch was created by special request of an important client of Patek Philippe where by they mounted a very heavy platinum bracelet and an unique black dial, all confirmed on the original Certificate. 

To own a unique execution of one of the most important and coveted references in neo-vintage Patek Philippe is an opportunity that should not be missed. Add to that the inclusion of an original matching full platinum bracelet, a true rarity and extremely desirable among collectors. These bracelets were not offered to the general public and were also only fitted upon special request. The significance of the present watch cannot be overstated, and with the current popularity of the reference 5070, all collectors should be attracted to this unique execution.