Patek Philippe - The Hong Kong Watch Auction: XVIII Hong Kong Friday, May 24, 2024 | Phillips
  • Manufacturer: Patek Philippe
    Year: Circa 2002
    Reference No: 5056P-001
    Movement No: 3’286’550
    Case No: 4’171’148
    Material: Platinum
    Calibre: Automatic, cal. 315/199, 37 jewels
    Bracelet/Strap: Crocodile
    Clasp/Buckle: Platinum Patek Philippe pin buckle
    Dimensions: 37mm diameter
    Signed: Case, dial, movement and buckle signed
    Accessories: Accompanied by Patek Philippe Certificate of Origin stamped Joyería Unión Suiza Vendrell Madrid, instruction manual, product literature, setting pin, leather folio, outer packaging and fitted presentation box.

  • Catalogue Essay

    The 5056P was one of the first annual calendar wristwatches to feature moon phases. It is perfectly sized in a 37mm diameter platinum case and is adorned with a charming slate grey dial, which is the first grey dial for Patek Philippe according to Thierry Stern. The luminous Roman numeral hour markers and broad leaf shaped hands complement flawlessly with the brushed grey surface, and the dial layout is very balanced with the 48-hour power reserve indicator at 12 o'clock and the moon phases aperture at 6.

    Introduced in 1998, the reference 5056P remained in production until 2006 and it was manufactured only in platinum, in two series. First series examples featured caliber 315/199 and second series examples from 2004 onwards featured a modified caliber 315/299. The present 5056P from circa 2002 is an exemplary example from the first series.

    Preserved in exceptional overall condition, the present example is offered with full set of accessories. To the best of our knowledge, it is estimated that only 1,500 examples of the 5056P were ever produced throughout its production span and less than 80 pieces have appeared publicly in auction, rendering this a rare opportunity to acquire this very special wristwatch for the discerning collectors.

    Please note that the proceeds of the sale of the present watch will be given by the Consignor to various charities.

  • 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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Property from the Original Owner

Σ856

Ref. 5056P-001
A fine and elegant platinum annual calendar wristwatch with center seconds, moon phases, power reserve indication, Certificate of Origin and presentation box

Circa 2002
37mm diameter
Case, dial, movement and buckle signed

Estimate
HK$120,000 - 200,000 
€14,400-24,000
$15,400-25,600

Sold for HK$203,200

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