Patek Philippe - The Hong Kong Watch Auction: XVIII Hong Kong Friday, May 24, 2024 | Phillips
  • Manufacturer: Patek Philippe
    Year: Circa 2000
    Reference No: 5059R-011
    Movement No: 1’957’860
    Case No: 4’047’984
    Material: 18K pink gold
    Calibre: Automatic, cal. 315 S-QR aut., 31 jewels
    Bracelet/Strap: Crocodile
    Clasp/Buckle: 18k pink gold Patek Philippe deployant clasp
    Dimensions: 36mm diameter
    Signed: Case, dial, movement and clasp signed
    Accessories: Accompanied by Patek Philippe Certificate of Origin stamped Rüschenbeck KG Germany dated 26th October 2000, instruction manual, product literature, leather folio, fitted presentation box and outer packaging.

  • Catalogue Essay

    Introduced in 1998, the Patek Philippe ref. 5059 along with its sister ref. 5050 stood out as the only wristwatches with center seconds and a perpetual calendar at that time since the vintage ref. 2497 and 2438. Its distinct charm lies in the officer-style case, measuring 36mm in diameter, featuring a hinged caseback. Within this elegant case resides a perfectly symmetrical white dial adorned with painted black Roman numerals and the retrograde date indication.

    Both the ref. 5050 and 5059 share the sophisticated, self-winding caliber 315 S-QR, which boasts a striking 21K gold rotor. As a robust and state-of-the-art in-house movement, it showcases the intriguing retrograding date, a feature notoriously challenging to implement reliably in watchmaking. While this function was previously seen on exceedingly rare Patek Philippe watches of the past, it had never been featured on a regular production model until the ref. 5050 and 5059.

    The present ref. 5059 crafted in pink gold is a rare gem as most examples of this reference were encased in white gold instead. Discontinued in 2006, it made way for the new ref. 5159 which boasts a larger case size. Accompanied by its original Certificate of Origin and presentation box, this presents a wonderful opportunity to acquire an understated and refined perpetual calendar wristwatch crafted 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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Σ1075

Ref. 5059R-011
A very fine and attractive pink gold perpetual calendar wristwatch with center seconds, retrograde date, moon phases, leap year indication, “officer-style” hinged caseback, Certificate of Origin and presentation box

Circa 2000
36mm diameter
Case, dial, movement and clasp signed

Estimate
HK$220,000 - 450,000 
€26,000-53,200
$28,200-57,700

Sold for HK$279,400

Contact Specialist

Thomas Perazzi
Deputy Chairman, Watches, Head of Watches, Asia
+852 2318 2031
WatchesHK@phillips.com
 

Gertrude Wong
Head of Sale, Hong Kong
+ 852 2318 2045
gertrudewong@phillips.com
 

The Hong Kong Watch Auction: XVIII

Hong Kong Auction 24 - 25 May 2024