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8Σ

Patek Philippe

Ref. 5070P-001

A single-sealed oversized platinum chronograph wristwatch with Certificate of Origin and presentation box

Estimate
$100,000 - 200,000
Lot Details
Manufacturer
Patek Philippe
Year
2008
Reference No
5070P-001
Movement No
3'715'244
Case No
4'454'354
Material
Platinum
Calibre
Manual, cal. 27-70, 24 jewels
Bracelet/Strap
Crocodile
Clasp/Buckle
Platinum Patek Philippe deployant clasp
Dimensions
42mm Diameter
Signed
Case, dial, movement, and clasp signed.
Accessories
Accompanied by Patek Philippe Certificate of Origin dated October 2008, Japanese product literature, leather folio, travel sliding box, fitted presentation box, slip cloth, outer box, and outer packaging.
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, it was something of a shock to collectors that Patek would choose to reintroduce a chronograph model in such bold fashion – particularly with a 42mm case and a dramatically thick, stepped bezel. The reference 5070 enjoys a unique spot in Patek Philippe’s history as one of the largest watches it had produced, and the last chronograph to use the modified, Lemania 2310-based ébauche before Patek Philippe switched to an in-house caliber with the introduction of the reference 5170.

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. Despite being the mechanical successor to the 1463, the reference 5070 inherited the design of the unique reference 2512 from 1950, an oversized, split-seconds chronograph in yellow gold with black dial that now resides in the Patek Philippe Museum. The large Arabic numerals and stepped bezel specifically come directly from the reference 2512, as well as the square pushers. Despite the large size of the case, the relatively slim profile and downturned lugs lends the watch a sophisticated and comfortable presence on the wrist.

Presented in a weighty platinum case with “bleu nuage” or “cloud blue” sunburst dial, the reference 5070P is elegant and sportive in equal measure. The current example is offered single-sealed with its original Certificate of Origin and accessories.

Patek Philippe

Swiss | 1839
Since its founding in 1839, this famous Geneva-based firm has been surprising its clientele with superbly crafted timepieces fitted with watchmaking's most prestigious complications. Traditional and conservative designs are found across Patek Philippe's watches made throughout their history — the utmost in understated elegance.Well-known for the Graves Supercomplication — a highly complicated pocket watch that was the world’s most complicated watch for 50 years — this family-owned brand has earned a reputation of excellence around the world. Patek's complicated vintage watches hold the highest number of world records for results achieved at auction compared with any other brand. For collectors, key models include the reference 1518, the world's first serially produced perpetual calendar chronograph, and its successor, the reference 2499. Other famous models include perpetual calendars such as the ref. 1526, ref. 3448 and 3450, chronographs such as the reference 130, 530 and 1463, as well as reference 1436 and 1563 split seconds chronographs. Patek is also well-known for their classically styled, time-only "Calatrava" dress watches, and the "Nautilus," an iconic luxury sports watch first introduced in 1976 as the reference 3700 that is still in production today.
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