Patek Philippe - The Hong Kong Watch Auction: FIVE Hong Kong Monday, November 27, 2017 | Phillips
  • Manufacturer: Patek Philippe
    Year: 2011
    Reference No: 5950A
    Movement No: 5’251’113
    Case No: 4’541’741
    Material: Stainless steel
    Calibre: Manual, cal. CHR 27-525 PS, 27 jewels, stamped with the Patek Philippe Seal
    Bracelet/Strap: Brown Patek Philippe crocodile strap
    Clasp/Buckle: Stainless steel Patek Philippe buckle
    Dimensions: 36.5mm wide, 37mm long
    Signed: Case, dial and movement signed
    Accessories: With Patek Philippe Certificate of Origin dated July 26, 2011 and stamped by Zurich retailer Beyer Chronometrie AG, leather album, box and outer packaging, additional wooden fitted presentation box and outer packaging. Furthermore delivered with Patek Philippe Extract from the Archives confirming production of the present watch in 2011 with opaline silvered dial, engraved black decor, white gold Breguet numerals with black oxydized coating and its subsequent sale on July 19, 2011.

  • Catalogue Essay

    The quality of Patek Philippe movements is arguably unparalleled, and the present timepiece perfectly exemplifies their constant strive for technical supremacy. When launched, it was the thinnest column wheel chronograph movement ever made, furthermore single button and split seconds. It incorporates a number of technical features (such as teeth geometry and chronograph clutching/unclutching system) which allow for the remarkable thinness, and at the same time boost the energy efficiency and reliability of the chronograph. This caliber is furthermore Patek Philippe’s first fully proprietary chronograph movement. It made its first appearance in 2005, after a dedicated department was set up in Patek Philippe in 2003 specifically for its development.

    Such technical prowess is coupled with timeless aesthetics harkening back to the Belle Époque timepieces, characterized by a cushion case and floral motives at the corners of the dial. The attention to details present in this timepiece is apparent when looking at some minutiae which would go unnoticed if not pointed out, such as the decorations to the frame of the movement (visible through the glazed case back). Even the buckle presents the same pattern, of course a design developed exclusively for this reference.
    To top it all, such a marvel of mechanics and refinement is offered in stainless steel, an obvious reminder to the utilitarian roots of the chronograph complication. As the discerning connoisseur knows, stainless steel is the king of metals when it comes to Patek Philippe complicated timepieces: normally, given the high price demanded by the complex movement, such pieces are housed in a precious metal case. The few exceptions to this rule – both in vintage timepieces and in modern ones as well – are always produced in scarce numbers and considered instant classics and extremely collectible as, rarity notwithstanding, their owners – accurately selected by Patek Philippe with an application process - are highly unlikely to offer them on the market.
    A final layer of appeal is given by the distinguished retailer who originally sold the watch: Beyer Chronometrie in Zurich. Arguably one of the most important watch retailers in Switzerland, the name is for many collectors synonymous with high-end watchmaking

  • 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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Σ940

Ref. 5950A
An extremely fine and rare stainless steel single button split seconds chronograph wristwatch with certificate, solid case back and box, retailed by Beyer

2011
36.5mm wide, 37mm long
Case, dial and movement signed

Estimate
HK$1,300,000 - 1,800,000 
€141,000-196,000
$160,000-225,000

Sold for HK$2,620,000

Contact Specialist
Ziyong Ho
Specialist
+852 9386 2032
yong.ho@phillips.com

The Hong Kong Watch Auction: FIVE

Hong Kong Auction 28 November 2017