Important Modern and Vintage Timepieces

Hong Kong, Feb 26, 2012

LOT 176

PATEK PHILIPPE REF.5050 Patek Philippe, Genève, movement No. 1957247, case No. 2961793, Ref. 5050J. Made in 1995, sold on February 28, 1995. Very fine and rare, center seconds, water-resistant, self-winding, 18K yellow gold wristwatch with perpetual calendar, retrograde date, leap-year indication, moon phases and an 18K yellow gold Patek Philippe buckle. Accompanied by a Patek Philippe winding box, solid 18k gold back, setting pin, Certificate of Origin and Patek Philippe service receipt dated July 2010.

HKD 350,000 - 450,000

USD 45,000 - 58,000 / EUR 35,000 - 45,000

Sold: HKD 462,500

C. Three-body, solid, polished, concave bezel, concave lugs, screwed-down transparent case back, sapphire crystals. D. Matte silver with applied yellow gold baton indexes, apertures for the days of the week, the months, the moon phases and the leap year, retrograde sector for the date. Yellow 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, Gyromax balance adjusted to heat, cold, isochronism and 5 positions, shock absorber, self-compensating freesprung fl at balance spring. Dial, case and movement signed. Diam. 35 mm. Thickness 11 mm.


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Grading System
Grade: AAA

Excellent
Case: 2-40

Very good

Slightly repolished
Movement: 1*

As new

Overhaul recommended, at buyer's expense
Dial: 1-01

As new

HANDS Original

Notes

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. However, only around 30 examples were made in pink gold, white gold and platinum with Roman numeral dials. Of the four white gold watches of this reference to appear at auction, the present watch is the only example to have a Roman numeral dial. This model was the fi rst Patek Philippe perpetual calendar wristwatch to feature a ?retrograde date?. In 1993/1995 when the reference was fi rst shown, this complication went largely unnoticed. It was only when the watch was discontinued in 2001/2002 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. Information concerning the dial is given in the Certifi cate of Origin, as follows: Dial: silvered, Roman hours, English