Patek Philippe Reference 5970 | Retailed by Tiffany & Co.: A platinum perpetual calendar chronograph wristwatch with moon phases, 24 hours and leap year indication, Circa 2010 | 零售商為蒂芙尼：百達翡麗 型號 5970 鉑金萬年曆計時腕錶備月相、24小時及閏年顯示，製作年份約 2010
Patek Philippe
Reference 5970
Retailed by Tiffany & Co.: A platinum perpetual calendar chronograph wristwatch with moon phases, 24 hours and leap year indication, Circa 2010
零售商為蒂芙尼：百達翡麗 型號 5970
鉑金萬年曆計時腕錶備月相、24小時及閏年顯示，製作年份約 2010
Dial: black
Caliber: cal. CH 27-70/155 mechanical, 24 jewels
Movement number: 3'932'137
Case: platinum, screw down sapphire crystal display back
Case number: 4'488'486
Closure: platinum Patek Philippe folding clasp
Size: 40 mm diameter
Signed: case and movement signed by maker, dial signed by maker and retailer
Box: yes
Papers: yes
Accessories: Patek Philippe presentation box with outer packaging and Tiffany & Co. outer packaging, Certificate of Origin dated October 28, 2010, leather bi-fold, operating instructions book, booklets, an additional solid sealed case back, setting pin, and sealed hang tag
Condition Report:
Case: The case is in overall good condition with visible surface wear throughout from regular use. Some minor nicks around the lugs. The buckle is in equivalent condition. Additional solid platinum case back stamped 4'488'486.
Dial: The dial is in overall excellent condition.
Movement: The movement is running at time of cataloging, however it was not tested for the accuracy of time or duration of the power reserve and may need service at the buyer's discretion. Please note that Sotheby's does not guarantee the future working of the movement. ***Please be advised that the bands on this watch are made of materials derived from endangered or otherwise protected species (i.e. alligator and crocodile) and thus not sold with the watch, they are for display purposes only. We will remove these bands prior to international shipping and the state of California.***
Catalogue Note:
The Patek Philippe 5970 stands not only as one of the brand’s most iconic pieces, but also one of the most iconic pieces in modern watchmaking history. The 5970’s humble beginning goes back to the 1930s. Despite Patek Philippe’s already well-established name, the company, like most else, was certainly not immune to the grave effects of the Great Depression. Saving the brand from its demise was none other than the Stern family, and in particular, Philippe Stern. Philippe Stern served as a long-time anchor for Patek Philippe but with time, as goes the inner workings of any family business, Stern saw it time to hand over the reins. So in 2009, Thierry Stern, Philippe’s son, was inducted into the company’s leadership with one of his first major tasks on board being the launch of the 5970. Understanding that the handover meant the end of one era and the beginning of another, young Stern sought to bridge the gap between his father’s generation and his own, to create a timepiece that would catch the eye and heart of collectors both old and new.
The 5970 was the largest perpetual calendar chronograph ever produced by Patek Philippe at that point in time, much larger than the previous much loved Ref 3970 which measured 36mm in diameter. Thierry Stern said at the time that this increase in size was for the purposes of legibility, and this is clearly true, although this does coincide with a general trend towards larger watches at the time amongst all brands. Despite the increase in size, both watches were powered by the base chronograph caliber made by Lemania, the 2310, though heavily modified in the Patek Philippe factory. To ensure that the subsidiary dials did not look ‘marooned’ in the middle of this larger dial, a tachymeter was added beyond the railroad seconds track, not only to fill up the dial but also as a callback to the first and second series 2499 dials. Equally the square pushers were also brought back in a clear nod to the reference lauded predecessors, the 1518 and first series 2499, and It is often said that the watch is a perfect combination of vintage and modern design elements.
Produced in a single series between the years 2004 and 2011, it is thought that only 2,800 examples across all metals were ever produced, with less than 400 of those were in the present platinum (and only made between 2009 and 2010). These numbers are already low for any watch, especially for one of the most desirable Patek Philippe timepieces in modern times, but the present watch has one small detail that elevates it into the stratosphere of rarity and collectability.
Retailer signed watches are extremely rare, and to the best of our knowledge this is the first time that a platinum 5970 has appeared at auction with the Tiffany & Co retailer signature. The reference 5970 stands as a stalwart of collectible, rare and complicated Patek Philippe watches, and despite its relatively young age has already become one of the biggest hits of our millennia. The present watch is further distinguished with retailer signature beneath the moon phase, making this an unmissable opportunity for any astute collector to own an example of a truly important and beautiful Patek Philippe reference, with added rarity.
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Patek Philippe
Reference 5970
Retailed by Tiffany & Co.: A platinum perpetual calendar chronograph wristwatch with moon phases, 24 hours and leap year indication, Circa 2010
零售商為蒂芙尼：百達翡麗 型號 5970
鉑金萬年曆計時腕錶備月相、24小時及閏年顯示，製作年份約 2010
Dial: black
Caliber: cal. CH 27-70/155 mechanical, 24 jewels
Movement number: 3'932'137
Case: platinum, screw down sapphire crystal display back
Case number: 4'488'486
Closure: platinum Patek Philippe folding clasp
Size: 40 mm diameter
Signed: case and movement signed by maker, dial signed by maker and retailer
Box: yes
Papers: yes
Accessories: Patek Philippe presentation box with outer packaging and Tiffany & Co. outer packaging, Certificate of Origin dated October 28, 2010, leather bi-fold, operating instructions book, booklets, an additional solid sealed case back, setting pin, and sealed hang tag
Condition Report:
Case: The case is in overall good condition with visible surface wear throughout from regular use. Some minor nicks around the lugs. The buckle is in equivalent condition. Additional solid platinum case back stamped 4'488'486.
Dial: The dial is in overall excellent condition.
Movement: The movement is running at time of cataloging, however it was not tested for the accuracy of time or duration of the power reserve and may need service at the buyer's discretion. Please note that Sotheby's does not guarantee the future working of the movement. ***Please be advised that the bands on this watch are made of materials derived from endangered or otherwise protected species (i.e. alligator and crocodile) and thus not sold with the watch, they are for display purposes only. We will remove these bands prior to international shipping and the state of California.***
Catalogue Note:
The Patek Philippe 5970 stands not only as one of the brand’s most iconic pieces, but also one of the most iconic pieces in modern watchmaking history. The 5970’s humble beginning goes back to the 1930s. Despite Patek Philippe’s already well-established name, the company, like most else, was certainly not immune to the grave effects of the Great Depression. Saving the brand from its demise was none other than the Stern family, and in particular, Philippe Stern. Philippe Stern served as a long-time anchor for Patek Philippe but with time, as goes the inner workings of any family business, Stern saw it time to hand over the reins. So in 2009, Thierry Stern, Philippe’s son, was inducted into the company’s leadership with one of his first major tasks on board being the launch of the 5970. Understanding that the handover meant the end of one era and the beginning of another, young Stern sought to bridge the gap between his father’s generation and his own, to create a timepiece that would catch the eye and heart of collectors both old and new.
The 5970 was the largest perpetual calendar chronograph ever produced by Patek Philippe at that point in time, much larger than the previous much loved Ref 3970 which measured 36mm in diameter. Thierry Stern said at the time that this increase in size was for the purposes of legibility, and this is clearly true, although this does coincide with a general trend towards larger watches at the time amongst all brands. Despite the increase in size, both watches were powered by the base chronograph caliber made by Lemania, the 2310, though heavily modified in the Patek Philippe factory. To ensure that the subsidiary dials did not look ‘marooned’ in the middle of this larger dial, a tachymeter was added beyond the railroad seconds track, not only to fill up the dial but also as a callback to the first and second series 2499 dials. Equally the square pushers were also brought back in a clear nod to the reference lauded predecessors, the 1518 and first series 2499, and It is often said that the watch is a perfect combination of vintage and modern design elements.
Produced in a single series between the years 2004 and 2011, it is thought that only 2,800 examples across all metals were ever produced, with less than 400 of those were in the present platinum (and only made between 2009 and 2010). These numbers are already low for any watch, especially for one of the most desirable Patek Philippe timepieces in modern times, but the present watch has one small detail that elevates it into the stratosphere of rarity and collectability.
Retailer signed watches are extremely rare, and to the best of our knowledge this is the first time that a platinum 5970 has appeared at auction with the Tiffany & Co retailer signature. The reference 5970 stands as a stalwart of collectible, rare and complicated Patek Philippe watches, and despite its relatively young age has already become one of the biggest hits of our millennia. The present watch is further distinguished with retailer signature beneath the moon phase, making this an unmissable opportunity for any astute collector to own an example of a truly important and beautiful Patek Philippe reference, with added rarity.
The watch...
Sale price
Estimate
Time, Location
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