Abe Yasuharu's Patek Philippe Theory - No. 129 - Held on October 5th [Sotheby's] Hong Kong - Featured Models

Good evening everyone.

Time flies and before we know it, it's already October. There are only three months left in the year, but I hope that my theory on Patek will be of some help to you in your watch life.

Now, autumn is the time when the long-awaited overseas watch auctions will resume. This time, we would like to introduce some interesting Patek Philippe models that will be auctioned at Sotheby's auction in Hong Kong on October 5th.

*If your bid is successful, the total amount to be paid will include a separate fee (26%).
*For Japanese yen, we refer to the most recent exchange rate at the time of publication.
*HKD ( Hong Kong dollar) = 18.88 yen
*All images are from Sotheby's

Lot.2200
『Chronograph』PT
"Ref.5070P-001"

Estimate: HKD 1,000,000 – 1,500,000
(JPY 18,880,000 – 28,320,000)

The popular "chronograph" Ref. 5070 is equipped with a Lemania-based movement in a case size of 42mm, which is a little large for Patek Philippe. This Platinum case model was announced in 2008 and discontinued the following year in 2009, so there were only a few units in total and the price was relatively high and stable. Until recently, the market price was around 20 million yen, but when we handled it at our store at the end of February this year, it was immediately sold for about 30 million yen. On the famous overseas site "chrono24", it is listed from the late 30 million yen range (excluding tax), so if you can buy it within this estimate, it will be a good deal. It is one of the models to look forward to in the future.

Lot.2210
"World Time Cloisonné" 18KWG
"Ref.5131G-001"

Estimate: HKD 700,000 – 900,000
(JPY 13,216,000 – 16,992,000)

This watch has a beautiful 18KWG (white gold) case and a blue-based "cloisonné" dial, and I vividly remember that it was selling for twice the official retail price on the secondary market from the beginning. Nowadays, it is common for the Nautilus and Aquanaut to sell for higher prices than the official retail price, but at the time, I think this World Time was the only watch that sold for such a premium price. There are very few models in circulation, so it's worth trying to get one at an auction.

Lot.2213
"World Time Cloisonné" 18KRG
"Ref.5131R-001"

Estimate: HKD 700,000 – 900,000
(JPY 13,216,000 – 16,992,000)

Commit Ginza has previously sold this watch in sealed (unopened plastic) and used condition. The dial is very beautiful and you can see the "Japan" on it. It is a very popular model along with the 18KWG (white gold) case. The sleeve-like outer box that it came in is also unopened (commonly known as double-shielded), so it is likely to be highly valued and the winning bid price will go up. It is also a great piece for a collection, and we are looking forward to seeing the results.

Lot.2217
"Perpetual Calendar Chronograph" PT
"Ref.5971P-001"

Estimate: HKD 1,200,000 – 2,000,000
(JPY 22,656,000 – 37,760,000)

The Ref.5971P-001 is a platinum x baguette diamond bezel model from the Ref.5970 series, the fourth generation of the "Perpetual Calendar Chronograph" equipped with a Lemania-based movement. The Ref.5970 series itself is extremely rare, but this model has become even less common recently. We have handled several of these in the past, and they are simply cool watches with a strong presence. This is one model we would love to carry at Commit Ginza.

Lot.2221
"Perpetual Calendar Chronograph" PT
"Ref.5970P-001"

Estimate: HKD 1,600,000 – 2,400,000
(JPY 30,208,000 – 45,312,000)

Next up is the fourth generation of the Perpetual Calendar Chronograph, the Ref. 5970. It is the last Perpetual Calendar Chronograph equipped with a Lemania-based movement, and the Platinum case version was the last to be released, had a very short production period, and was the only model with a black dial, so it was popular from the beginning and there were few units in circulation. Like Lot. 2213, the sleeve-shaped outer box that was included at the time of delivery is unopened (commonly known as the double shield), so there is a high possibility that the winning bid price will increase. This is also a great piece for a collection. I am looking forward to the outcome of the bid.

Lot.2232
"Annual Calendar Chronograph" PT
"Ref.5961P-001"

Estimate: HKD 1,000,000 – 2,000,000
(JPY 18,880,000 – 37,760,000)

The luxurious Annual Calendar Chronograph "Ref. 5961P-001" features a matte blue diamond dial in a platinum case, and a total of 58 baguette-cut diamonds totaling 4.68 carats set in the bezel and buckle. The market price for this watch has also risen compared to a few years ago, and considering that the sleeve-shaped outer box it came in is still unopened (commonly known as the double shield), it will be interesting to see how high the auction price will go. This is a watch worthy of being a collection piece.

Lot.2241
"Perpetual Calendar Split Second Chronograph" PT
"Ref.5951P-001"

Estimate: HKD 2,500,000 – 3,500,000
(JPY 47,200,000 – 66,080,000)

Inspired by the Art Deco Western-style timepieces that caused a sensation in the 1920s and 1930s, the 5951P-001 was released in 2010. The cushion-shaped platinum case and ultra-thin movement with split-second chronograph and perpetual calendar made this a hot topic at the time. This model is so rare that I have never seen it in circulation except at auctions. I would love to own one someday... it's that rare.

Lot.2245
"Perpetual Calendar Chronograph" 18KRG
"Ref.3970ER-028"

Estimate: HKD 2,000,000 – 3,000,000
(JPY 37,760,000 – 56,640,000)

This is the extremely rare "Ref. 3970" that was announced at the "Art of the Watches Grand Exhibition" held in London in 2015 to celebrate the 175th anniversary of the founding of Patek Philippe. Only five pieces were produced. It has an 18KRG (rose gold) case, a special black dial with a tachymeter scale on the outer circumference and a Breguet numeral index set at the 12 o'clock position, leaf-shaped hands, and white chronograph hands, making it a model that is simply full of "coolness". To be honest, it's a watch that I would like to display. (Laughs) I'm particularly interested in the winning bid for this auction.

Lot.2256
"Perpetual Calendar Chronograph" 18KWG
"Ref.5970G-001"

Estimate: HKD 1,300,000 – 2,000,000
(JPY 24,544,000 – 37,760,000)

This is the third article in this column, and it is the final model of the "Perpetual Calendar Chronograph" equipped with a Lemania-based movement, "Ref. 5970". The 18KWG (white gold) case was announced at Baselworld in 2004 along with the 18KRG (rose gold) case. Our store has handled the 18KRG (rose gold) case and the Platinum (platinum) case, but we do not yet handle the 18KWG (white gold) case. The slightly grayish silver dial gives a very cool impression, and exudes a sophisticated dignity. This is a model that we would like to handle in our store in the near future.

summary

What did you think.

There are many other models I would like to introduce, including some incredible models, but this time I have selected nine that I am interested in seeing the results of. On the day of the auction, the day after tomorrow, you will be able to watch it online, so if you are interested, I recommend you take a look at the Sotheby's website.

Of course, we look forward to your visit to our store! Let's have a lively discussion about Patek!

see you!