Lot 2328
  • 2328

PATEK PHILIPPE | REFERENCE 5020 A POSSIBLY UNIQUE AND IMPORTANT PLATINUM PERPETUAL CALENDAR CHRONOGRAPH WRISTWATCH WITH MOON PHASES, LEAP YEAR INDICATION, SPECIAL LUMINOUS MONOGRAM BLUE DIAL AND PLATINUM BRACELET, MADE IN 2008

Estimate
4,500,000 - 6,500,000 HKD
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Description

  • REFERENCE 5020 A POSSIBLY UNIQUE AND IMPORTANT PLATINUM PERPETUAL CALENDAR CHRONOGRAPH WRISTWATCH WITH MOON PHASES, LEAP YEAR INDICATION, SPECIAL LUMINOUS MONOGRAM BLUE DIAL AND PLATINUM BRACELET, MADE IN 2008
Dial: blue Calibre: cal. 27-70/155 mechanical, 24 jewels Movement number: 3’049’321 Case: platinum and sapphire crystal display back Case number: 4'200'912 Closure: platinum Patek Philippe bracelet and clasp Size: 36 mm length x 37 mm width, bracelet circumference approximately 180 mm Signed: case, dial and movement Accessories: Patek Philippe Certificate of Origin, additional case back, setting pin and presentation box. Furthermore delivered with Patek Philippe Extract from the Archives confirming production of the present watch with blue dial in 2008 and its subsequent sale on 18 April 2011

Condition

The movement is in working condition at the time of cataloguing. The perpetual calendar, chronograph and moon phase functions are working properly. The present watch can be considered one of the best 5020s ever appeared on the market. The dial is in excellent overall condition with luminous markers and hands. The case is in excellent overall condition and has been worn just a handful of times with very light surface wear. The detachable bracelet, confirmed on the original certificate, is extremely heavy and has only seen some of the lightest wear to some of the links. Please note that the movement has not been tested for the accuracy of time and may need a service at the buyer's expense. Sotheby's does not guarantee the future working of the movement and we do not guarantee the authenticity of any individual component parts since subsequent repairs and restoration work may have resulted in the replacement of original parts. You are advised that watch straps or bands made of materials derived from endangered or otherwise protected species (i.e. alligator or crocodile) are not sold with the watch and we reserve the right to remove these straps or bands prior to shipping. Furthermore, the watch may not come with its original manufacturers strap or band. Prospective bidders should review the Conditions of Business, Authenticity Guarantee, the Guide for Prospective Buyers, and any Important Notice in the sale catalogue.
"In response to your inquiry, we are pleased to provide you with a general report of the condition of the property described above. All dimensions in catalogue descriptions are approximate. Condition reports may not specify mechanical replacements or imperfections to the movement, case, dial, pendulum, separate base(s) or dome. Watches in water-resistant cases have been opened to examine movements but no warranties are made that the watches are currently water-resistant. Please note that we do not guarantee the authenticity of any individual component parts, such as wheels, hands, crowns, crystals, screws, bracelets and leather bands, since subsequent repairs and restoration work may have resulted in the replacement of original parts. Since we are not professional conservators or restorers, we urge you to consult with a restorer or conservator of your choice who will be better able to provide a detailed, professional report. Prospective buyers should inspect each lot to satisfy themselves as to condition and must understand that any statement made by Sotheby's is merely a subjective, qualified opinion. Prospective buyers should also refer to any Important Notices regarding this sale, which are printed in the Sale Catalogue. In particular, please note it is the purchaser's responsibility to comply with any applicable import and export matters, particularly in relation to lots incorporating materials from endangered species.NOTWITHSTANDING THIS REPORT OR ANY DISCUSSIONS CONCERNING A LOT, ALL LOTS ARE OFFERED AND SOLD AS IS" IN ACCORDANCE WITH THE CONDITIONS OF BUSINESS PRINTED IN THE SALE CATALOGUE."

**Please be advised that bands made of materials derived from endangered or otherwise protected species (i.e. alligator and crocodile) are not sold with the watches and are for display purposes only. We reserve the right to remove these bands prior to shipping."

Catalogue Note

Launched in 1994, the 5020 is also known as the TV screen due to its particular cushion-shaped case. The reference was only in production for about 8 years and was available in yellow, pink or white gold, as well as platinum. The reference was a commercial failure at the time and fewer than 200 pieces in total were made, and only 7 pieces in platinum are known to have been made during this 8 year period. This example, without any shadow of doubt, can be considered the most important 5020 ever to appear on the market and this is the 8th known example. What renders this example fantastic is the special blue dial with Breguet 12, tachymetre scale and luminous numerals and hands. This dial is further signed with the monogram of the original owner at 6 o'clock. In addition, the watch is fitted with a heavy removable Patek Philippe platinum bracelet. All of these attributes not only make this watch unique and they are also confirmed on the original Certificate of Origin.

Unlike any previous reference 5020 known, the present watch is consigned by an extremely important and prominent collector, who always displays a well-demonstrated and sophisticated taste when selecting watches for his collection. Presented in extremely excellent condition, this watch faithfully embodies Patek Philippe designs and legacy and is arguably the most important 5020 ever.