Patek Philippe - The Hong Kong Watch Auction: XVIII Hong Kong Friday, May 24, 2024 | Phillips
  • Manufacturer: Patek Philippe
    Year: Circa 2019
    Reference No: 5059R-017
    Movement No: 7‘098‘265
    Case No: 4‘385‘959
    Material: 18K pink gold
    Calibre: Automatic, cal. 315 S-QR, 30 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 Boodles Ltd, United Kingdom dated 8th May 2019, leather folder, photograph, setting pin, instruction manual, product literature, fitted presentation winding box, charger and outer packaging.

  • Catalogue Essay

    Introduced by Patek Philippe in 1998, the ref. 5059 holds a special place in the storied watchmaker's history – Along with its sibling ref. 5050, it represented the first perpetual calendar wristwatch with center seconds produced since the discontinuation of references 2497 and 2438-1. This return to center seconds after a long hiatus gave the ref. 5059 an instant appeal and distinction. Its refined 36mm officer-style case with curved lugs and hinged snap caseback added to its sleek mid-20th century aesthetic.

    The ingenious self-winding cal. 315 S QR beating inside was derived from the cal. 315 SC, optimized for center seconds. As a sophisticated and robust Patek Philippe in-house movement, the caliber incorporated an array of complications including perpetual calendar with retrograde date - an especially intriguing feature.

    With production spanning from 1998 to 2006, it is estimated that a mere 1200 to 1400 examples of ref. 5059 were brought into existence across all metal variants before its discontinuation. Of these, the rarest version in pink gold is thought to number around 340 pieces - making them highly exclusive and coveted on the market.

    The present example, ref. 5059R-017, immediately stands out as extraordinary. Its sunburst brown dial is evidence of its status as part of a special edition made for the London market – only the second example to appear at auction. The rich chocolate brown dial provides a perfect complement to the pink gold case. Fitted with the same hue of brown as the unique 5059R-018 with Breguet numerals “MSO’ monogram dial that was sold for US$264,600 at PHILLIPS New York Auction: Seven, this variant is further distinguished by its pink gold applied Roman numerals and white centre seconds and retrograde hand.

    Preserved in outstanding condition with barely any signs of wear and further accompanied by its full set of accessories, the present ref. 5059 is without a doubt an incredibly rare one to come across at auction.

  • 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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Σ880

Ref. 5059R-017
A very rare and attractive pink gold special edition perpetual calendar wristwatch with officer-style case, special brown dial, applied Roman numerals, moon phase, leap year indication, Certificate of Origin and presentation box

Circa 2019
36mm Diameter
Case, dial, movement and clasp signed

Estimate
HK$400,000 - 800,000 
€47,900-95,800
$51,300-103,000

Sold for HK$508,000

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