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113Σ

Patek Philippe

Ref. 5070G-001

An attractive and oversized white gold chronograph wristwatch with Certificate of Origin and presentation box

Estimate
$40,000 - 80,000
Lot Details
Manufacturer
Patek Philippe
Year
Circa 2002
Reference No
5070G-001
Movement No
3'147'078
Case No
4'160'553
Material
18K white gold
Calibre
Manual, cal. 27-70 CHR, 24 jewels
Bracelet/Strap
Crocodile
Clasp/Buckle
18K white gold Patek Philippe deployant clasp
Dimensions
42mm Diameter
Signed
Case, dial, movement and clasp signed.
Accessories
Accompanied by Patek Philippe Certificate of Origin dated July 2002, numbered envelope, product literature, leather folder, suede pouch, fitted presentation box, and outer 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 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 they produced and the last chronograph to use a modified, Lemania 2310-based ébauche.

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 that now resides in the Patek Philippe Museum. Despite the large size of the case, the slim profile and downturned lugs give the watch a comfortable presence on the wrist.

Coming from the collection of an important private collector, this reference 5070G is fresh to the auction market, preserved in outstanding condition and accompanied by its original Certificate of Origin, presentation boxes, and product literature.

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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