Patek Philippe - The Hong Kong Watch Auction: XVI Hong Kong Wednesday, May 24, 2023 | Phillips
  • Manufacturer: Patek Philippe
    Year: Circa 2019
    Reference No: 5270P-001
    Movement No: 7’181’221
    Case No: 6’307’796
    Model Name: Perpetual Calendar Chronograph
    Material: Platinum
    Calibre: Manual, cal. 29-535 PS, 33 jewels
    Bracelet/Strap: Crocodile
    Clasp/Buckle: Platinum Patek Philippe deployant clasp
    Dimensions: 41mm diameter
    Signed: Case, dial, movement and clasp signed
    Accessories: Accompanied by Patek Philippe Certificate of Origin stamped Eldorado Watch Co., LTD, HK dated 2nd January 2019, instruction manual, product literature, additional solid caseback, setting pin, hang tag, leather folio, outer packaging and fitted presentation box.

  • Catalogue Essay

    Regarded by collectors as the undisputed king of perpetual calendar chronograph wristwatches, Patek Philippe was the very first manufacturer to introduce the world’s first ever wristwatch with such complications in the 1940s by the way of the famous ref. 1518 and later with the iconic and prized ref. 2499. While its past icons have certainly paved the way for future references to come, it was not until the release of the ref. 5270 in 2011 for the firm to incorporate their first ever in-house perpetual calendar chronograph movement.

    Introduced to replace the previous ref. 5970, the last of them all with a Lemania-based caliber, the first ref. 5270 was released in white gold with a brushed silvered dial and blackened white gold indexes. In 2013, the reference went through some minor changes such as the addition of a tachymeter scale with two dial colours including a white and a blue variant. A year later in 2014, the firm released their first bedazzled version referenced 5271P-001 featuring a handsome black dial with baguette-cut diamond-set case and indexes. In 2015, a pink gold version was introduced with a white dial. However, to most collectors it was the 2018 release that really captivated the attention of connoisseurs, when the firm released arguably the most handsome example of them all, the ref. 5270P-001 featuring a popular salmon dial with blackened applied white gold Arabic numerals and matching feuille hands. Recently discontinued, the firm replaced its popular salmon dial with a green dial in 2022. As well as a unique example cased in titanium with a green dial for the biannual Children Action Gala, which achieved a total of CHF 9.7 million.

    The present Patek Philippe ref. 5270P-001 from 2019 is previously unknown and is the 10th example to be identified with this configuration. On top of its attractive Salmon dial, this example is offered in excellent overall condition with very minimal signs of use and wear, and is further complete with its full set of accessories including its additional caseback and setting pin. Only in production for four years and arguably the most appreciated variant of the reference, it is a great opportunity for collectors to acquire a timeless icon by Patek Philippe.

  • Artist Biography

    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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Σ821

Ref. 5270P-001
A highly attractive and sought-after platinum perpetual calendar chronograph wristwatch with salmon dial, moon phases, day/night, leap year indication, additional solid caseback, Certificate of Origin and presentation box

Circa 2019
41mm diameter
Case, dial, movement and clasp signed

Estimate
HK$780,000 - 1,560,000 
€90,100-180,000
$100,000-200,000

Sold for HK$1,397,000

Contact Specialist

Thomas Perazzi
Head of Watches, Asia
+852 2318 2001
WatchesHK@phillips.com

The Hong Kong Watch Auction: XVI

Hong Kong Auction 24 - 25 May 2023