Bonhams 1793 : Patek Philippe. A fine and very rare platinum cushion-form perpetual calendar chronograph wristwatch with registers and moon phases and a spare diamond-set black dialRef.5020P, movement no. 3046055, circa 1996

Bonhams magazines

My Bonhams

Advanced search

8 Dec 2011 13:00 EST New York
Fine Watches, Wristwatches, and Clocks including Property from a Distinguished Collection
Back to auction 19422

Patek Philippe. A fine and very rare platinum cushion-form perpetual calendar chronograph wristwatch with registers and moon phases and a spare diamond-set black dial

Ref.5020P, movement no. 3046055, circa 1996
24-jewel Cal. 27-70 Q manual winding movement adjusted to temperature, position and isochronism, free sprung Gyromax balance, Seal of Geneva, chronograph work activated by two circular buttons on case band, silvered cushion dial with fifth seconds ring enclosing applied arabic chapters, polished Breguet hands, apertures for day and month, subsidiary dials for date incorporating phase of the moon, continuous seconds enclosing 24-hour indication, and 30-minute register with leap year counter, within a substantial snap back cushion case with wide bezel, maker's leather strap with platinum deployant clasp, case, dial and movement signed, accompanied by an additional cushion black dial with diamond chapters, and with original Certificate of Origin, display box with calendar setting pin, spare strap, instruction booklet and literature in wallet and service receipts. 36mm

Sold for US$ 338,500 inc. premium

Footnotes

Patek Philippe Reference 5020 was introduced in 1994 as an alternative to the 3970. Because of its unusual tonneau shape case, it was soon referred to as the "TV watch".

Production was quickly discontinued in 1996 due to the lack of interest from the collectors for its unique case. Patek Philippe produced a total of about 200 reference 5020's in yellow, rose and white gold. Less than 20 were cased in Platinum and only 5 have ever appeared at auction. Because of its extreme rarity, the 5020P is considered a holy grail among Patek collectors.

The present watch received a Patek Philippe factory overhaul in 2008 and was subsequently resealed in a plastic pouch. The receipt for this as well as the Bill of Sale for the spare dial are included in the lot. To the best of our knowledge, the watch has not been offered before at auction.

Category: Clocks and Watches / Watches

Auction terms and conditions