Phillips Hong Kong Auction 29 November 2020 | Patek Philippe Ref. 5070P-001 sold for EUR 149'474

LOT 928

Patek Philippe Ref. 5070P-001
A very fine and rare platinum chronograph wristwatch with blue dial, Certificate of Origin and presentation box
百達翡麗，型號5070P-001，十分精細罕有，鉑金計時腕錶，2008年製。附原裝證書、錶盒

2008
42mm diameter
Case, dial, movement, and buckle signed

Estimate
HK$1,100,000 - 1,600,000 
€120,000-175,000
$141,000-205,000

SOLD FOR HK$1,386,000

EUR 149'474

Manufacturer: Patek Philippe
Year: 2008
Reference No: 5070P-001
Movement No: 3’715’282
Case No: 4’460’479
Material: Platinum
Calibre: Manual, CH 27-70, 24 jewels
Bracelet/Strap: Crocodile
Clasp/Buckle: Platinum Patek Philippe deployant clasp
Dimensions: 42mm diameter
Signed: Case, dial, movement, and buckle signed
Accessories: Accompanied by Patek Philippe Certificate of Origin dated 8 September 2008 by Patek Philippe Salons de Geneve, product literature, leather folio, outer packaging and fitted presentation box.

Catalogue Essay

The Patek Philippe reference 5070 was the first modern-era chronograph-only wristwatch released by the firm since the end of production for the reference 1463 in the 1960s. Introduced in 1998 at Baselworld, it was something of a shock to collectors that Patek would choose to reintroduce a chronograph model in such bold fashion – particularly the 42mm case dimension and the dramatically thick, stepped bezel. A worthy and highly anticipated successor to the classic reference 1463 chronograph, the 5070 would also feature a water-resistant case with a screw-down case back.

For the tenth anniversary of the release of the first reference 5070, Patek Philippe launched a platinum-cased version with a sublime blue dial. The platinum 5070 was only in production from 2008 until 2010, and according to our research, was manufactured in the fewest number of pieces of all 5070 models. Though the case architecture assures a commanding presence, in platinum these attributes are elevated. The dial color is particularly mesmerizing, as it is difficult to accurately pinpoint the exact shade of blue. Patek itself refers to the color as “bleu nuage” or “cloud blue”, but there are truly myriad names for the colors visible at different angles or under different light sources. The oversized Arabic numerals, also reminiscent of aviators’ watches and one of the main design elements carried over from the historical reference 2512 on which the 5070 is based, are rendered in white gold, adding a subtle lustre to the already superb dial.

The desirability of the present reference 5070P is heightened due to its exceptional state of preservation and completeness.