Yasuharu Abe's Patek Philips Theory - 112th Edition - Results of the PHILLIPS Auction held on May 27th and 28th in Hong Kong

Good evening everyone.

Today, we are pleased to announce the PHILLIPS 2019 exhibition, which was held in Hong Kong on Friday, May 27th and Saturday, May 28th. I would like to talk about this based on the auction results of .

This time, we will focus on the most amazing models, rare models, and models currently and past that are available at Commit Ginza (hereafter referred to as our store). As we mentioned last time, recent auction results are very useful information for getting a sense of the real-time market. Please use this as a reference and stay with us until the end.

*The price is the winning auction price plus a commission fee (26%).
*The exchange rate for Japanese yen will be based on the rate immediately prior to the auction.
*HKD (Hong Kong dollar) = 16.61 yen
*All images are from PHLLIPS

Lot.885
"Split-Second Chronograph" SS
"Ref.5950A-001"
HKD 3,024,000 (JPY 50,228,340)

The "Ref. 5950A-001", which was announced at Baselworld in 2010, is an extremely rare model with an ultra-thin single push button split-second chronograph movement "Cal. CHR 27-525 PS" in a cushion case made of SS (stainless steel). This movement, viewed through the skeleton back, is truly a work of art. I have seen one on sale at an overseas auction, but I have not yet seen anyone actually wearing it. It's a watch I would love to own someday.

Lot.956
"Nautilus" Large [Tiffany & Co.] 18KRG
"Ref.5723/112R-001"
HKD 11,442,500 (JPY 190,059,925)

In 2015, the large-sized Nautilus Ref. 5711 was added with an 18KRG (rose gold) case. This model, which was released at the same time, is an extremely rare model with 32 baguette-cut rubies set in the bezel and 12 baguette-cut rubies in the indexes on the dial. What's more, what's particularly noteworthy about this watch is that it is a double name with Tiffany & Co. Despite its rarity, it has a popular double name specification... The winning bid was an astonishing 200 million yen, but that may be understandable.

Lot.1029
"Perpetual Calendar Chronograph" 18KYG
"Ref.3970E"
HKD 1,008,000 (JPY 16,742,880)

"Perpetual Calendar Chronograph" This is the 2nd series of the third generation "Ref.3970". The leaf hands, baton-shaped indexes, and straight chronograph hands create a classic atmosphere that will tickle the hearts of enthusiasts. The reference is "Ref.3970E", so the back is screwed down. According to the archives, it was manufactured in 1988, so it only has a closed back. The hallmark is clearly visible, the case is in good condition, and it is a perfect piece with all accessories such as a warranty. To be honest, I think the winning bid was quite reasonable.

Lot.1038
"World Time" Platinum
"Ref.5110P-001"
HKD 378,000 (JPY 6,278,580)

In 2000, the start of the millennium, this modern version of the "World Time" was released in all case materials (YG, RG, WG, PT), but only the Platinum case has a blue guilloche design (center) that differentiates it from other models. Recently, there has been a re-evaluation of models and their prices have been rising, and this World Time "Ref. 5110" is one such example.

Coincidentally, we currently have the same model in our store. The auction item does not have a warranty. The item in our store comes with accessories such as a warranty and box. It was overhauled by the manufacturer in April 2021, and the selling price is 6,270,000 yen (tax included) . If you are looking for one, don't miss this opportunity!

Lot.1054
"Perpetual Calendar Chronograph" Platinum
"Ref.5270P-001"
HKD 2,016,000 (JPY 33,485,760)

In 2018, the "Ref.5270P-001" was announced with the long-awaited Platinum case and classic salmon dial of the "Ref.5270" series. Instead of the usual bar indexes, it uses Arabic indexes at the 10-2 o'clock position, and you can see that it is a special model that is differentiated just by looking at the dial. This model has been in short supply since its release, but it has been rarely seen recently, and its reputation and value have increased. It was sadly discontinued when the new model "Ref.5270P-014" with a green dial was announced in 2022. We have been selling it in our store relatively recently, and I think it is one of the models that we are very excited about in the future.

Lot.1055
"10 Days Tourbillon" Platinum
"Ref.5101P-010"
HKD 1,323,000 (JPY 21,975,000)

The 10 Days Tourbillon "Ref. 5101" released in 2003 is an ultra-complex watch with a tourbillon and 10-day power reserve in a platinum rectangular case. The salmon dial and upright Breguet indexes create a classic atmosphere. In photos, it gives off a calm impression, but the actual watch has an overwhelming presence with a case size of 51.5 mm in height. Considering that past models are being re-evaluated, I think this was a good price.

Lot.1114
"Perpetual Calendar Chronograph" Platinum
"Ref.5970P-001"
HKD 2,772,000 (JPY 46,042,620)

The Ref. 5970, announced as the successor to the Ref. 3970, the third generation of the Perpetual Calendar Chronograph, was the last Perpetual Calendar Chronograph equipped with a Lemania-based movement. This Platinum case model was the last to be announced, had a very short production period, and was the only model with a black dial, so it was popular from the start and there were few units in circulation. The unit put up for sale is also appreciated for being a relatively old model, with a warranty date of 2016.

Lot.1123
"Perpetual Calendar Moon Phase" 18KYG
"Ref.3448"
HKD 1,386,000 (JPY 23,021,460)

The Ref. 3448, affectionately known as "Paderone", is a historic model that was Patek Philippe's first self-winding perpetual calendar. According to the archives, the one on display was manufactured in 1977 and sold in 1978. As the final fourth model, it features printed minute markers. The hallmark can also be clearly seen on the back of the lugs and the case back. It is said that the Ref. 5320G perpetual calendar, released in 2017, was inspired by this model.

summary

What did you think.

Like the last auction, the results of this auction were very helpful in understanding the market state of watches.

We will continue to keep an eye on overseas auction sites and other domestic and international sites, and introduce many attractive Patek Philippe watches, not only in terms of price but also in terms of condition. We look forward to talking to and meeting as many people as possible, so please come and visit us!

see you!