Patek Philippe - The New York Watch Auction: NINE New York Saturday, December 9, 2023 | Phillips
  • Manufacturer: Patek Philippe
    Year: Circa 2007
    Reference No: 5970R-001
    Movement No: 3’048’492
    Case No: 4’396’393
    Material: 18K pink gold
    Calibre: Manual, cal. 27-70 Q, 24 jewels
    Bracelet/Strap: Crocodile
    Clasp/Buckle: 18K pink gold Patek Philippe deployant clasp
    Dimensions: 40mm Diameter
    Signed: Case, dial, movement, and clasp signed.
    Accessories: Accompanied by Patek Philippe Certificate of Origin dated February 3, 2007, product literature, leather folio, additional solid caseback, setting pin, hang tag, fitted presentation box, Patek Philippe travel box, and outer box.

  • Catalogue Essay

    Introduced in 2004, the Patek Philippe ref. 5970 had one of the shortest production runs of any flagship reference for the brand, lasting only until the start of 2011, approximately seven short years. The reference 5970 was the final Patek Philippe perpetual calendar chronograph to utilize a Lemania 2310-based ébauche.
     
    As the first Patek Philippe watch to be developed and designed by current Patek Philippe president Thierry Stern, the 5970 in 18 karat pink gold, like the present example, was introduced alongside an 18 karat white gold edition as the inaugural variants in 2004, remaining in production until 2009.
     
    The 5970 has a similar design and dial configuration compared to its famous predecessors, with day and month indicated via apertures, and the date and moon-phase display both positioned at six o’clock. The 5970 was eventually discontinued in favor of the current-generation ref. 5270, which uses Patek Philippe’s first in-house chronograph movement. Since its discontinuation, the popularity and collectability of the 5970 has only increased.
     
    Offered in overall excellent condition, and complete with its Certificate of Origin and additional solid caseback, the present 18k-pink gold 5970 represents an excellent opportunity to acquire one of the most iconic Patek Philippe watches of the 21st century.

  • 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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Σ87

Ref. 5970R-001
A very fine, elegant, and attractive pink gold perpetual calendar chronograph wristwatch with moon-phase, Certificate of Origin, additional solid caseback, hang tag, and presentation box

Circa 2007
40mm Diameter
Case, dial, movement, and clasp signed.

Estimate
$100,000 - 200,000 
CHF90,100-180,000
€93,600-187,000
HK$781,000-1,560,000
S$136,000-272,000

Sold for $203,200

Contact Specialist

Paul Boutros
Deputy Chairman and Head of Watches, Americas
+1 (212) 940-1293
WatchesNY@Phillips.com
 
Isabella Proia
Head of Sale, New York
+1 (212) 940 1285
iproia@phillips.com

The New York Watch Auction: NINE

New York Auction 9 - 10 December 2023