Important Watches

Geneva, Mar 20, 2010

LOT 461

Patek Philippe Ref. 5050 Platinum Roman Dial Patek Philippe, Genève, movement No. 1957593, case No. 2989769, Ref. 5050P, third generation. Sold on March 18th, 1999. Very fine and extremely rare, astronomic, center seconds, self-winding, water resistant, platinum wristwatch with perpetual calendar, retrograde date, leap year indication, moon phases and a platinum Patek Philippe deployant clasp. Accompanied by a fitted winding box, setting pin, booklets, Certificate of Origin and an additional solid platinum case back.

CHF 60,000 - 90,000

USD 55,000 - 80,000 / EUR 40,000 - 60,000

Sold: CHF 124,800

C. Three-body, solid, polished, concave bezel, fluted lugs, screwed-down transparent case back, sapphire crystals. D. Satine silver with applied radial white gold Roman numerals, outer minute divisions, apertures for the days of the week, the months, the moon phases and the leap year, retrograde sector for the date. White gold feuille hands. M. Cal. 315/136, stamped with the Seal of Geneva quality mark, rhodium-plated, fausses cotes decoration, 31 jewels, straight-line lever escapement, free-sprung Gyromax balance adjusted to heat, cold, isochronism and 5 positions, shock absorber, self-compensating flat balance spring, gold rotor. Dial, case and movement signed. Diam. 36 mm. Thickness 11 mm.


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Grading System
Grade:
Case: 1

As new

Movement: 1

As new

Dial: 1-01

As new

HANDS Original

Notes

To the best of our knowledge, around 1100 pieces were produced, half in yellow gold and the rest in pink gold, white gold and platinum. Less than 20 pieces in platinum appear on the auction market.
Ref. 5050 Production of Ref. 5050 started in 1993 with the yellow gold version only. In 1995 PATEK PHILIPPE offered the full range for sale: yellow gold, white gold, pink gold, and platinum. Only one dial color, opaline gray, was available for the four different metals, but it was possible to choose between indexes or Roman numerals. This was the first Patek Philippe perpetual calendar wristwatch to feature a ?retrograde date?. In 1993/1995 when the reference was first shown, this complication went largely unnoticed. It was only when the watch was discontinued in 2002 that it became a sought-after complication, by then widely used by other brands. This type of perpetual with retrograde date was subsequently used on the well-known minute repeater, ref. 5016. With the day and month visible in a small window, as well as the leap year indication, it was the successor to Ref. 3450, and like 3450, was produced in very small quantities.