Yasuharu Abe's Patek Theory - No. 133 - Held on November 5th! [PHILLIPS] Auction in Geneva Featured Models

Good evening everyone.

The auction season has finally arrived. Overseas watch auctions are packed with clues to help you understand the very difficult market conditions, so be sure to keep an eye on them.

This time, I would like to introduce some Patek Philippe watches that will be auctioned at the PHILLIPS auction to be held in Geneva on November 5th.

*If your bid is successful, the amount paid to the auction company will include a separate fee (26%).
*For Japanese yen, we refer to the most recent exchange rate at the time of publication.
*CHF (Swiss Franc) = 148.91 yen *All images are from PHLLIPS.

[Lot.15]
"Perpetual Calendar Chronograph" PT
"Ref.5970P-001"

Estimate: CHF 120,000 – 200,000
(JPY 17,869,200 – 29,7820,000)

The Ref.5970, announced as the successor to the Ref.3970, the third generation of the Perpetual Calendar Chronograph, is the last Perpetual Calendar Chronograph to feature a Lemania-based movement. The PT (platinum) version was the last to be announced, had a very short production period, and was the only model to use a black dial, so it was popular from the beginning and there were few units in circulation. Recently, Commit Ginza (hereinafter referred to as our store) sold an overhauled and case-finished unit for nearly 40 million yen (tax included). Expectations for this model are high, and the market price is expected to continue to rise.

[Lot.16]
"Perpetual Calendar Chronograph" 18KRG
"Ref.5970R-001"

Estimate: CHF 100,000 – 200,000
(JPY 14,891,000 – 29,7820,000)

Next up is the Ref. 5970, also equipped with the Lemania-based movement Cal. 27-70 Q, in an 18KRG (rose gold) case. The 18KRG (rose gold) case was introduced at Baselworld in 2004 along with the 18KWG (white gold) case. The slightly grayish silver dial is warm and this is a truly beautiful model.

[Lot.17]
"Perpetual Calendar Chronograph" 18KWG
"Ref.5970G-001"

Estimate: CHF 100,000 – 200,000
(JPY 14,891,000 – 29,7820,000)

Next up is the Ref. 5970, also equipped with the Lemania-based movement Cal. 27-70 Q, in an 18KWG (white gold) case. As mentioned above, it was released at Baselworld in 2004 with an 18KRG (rose gold) case. This was also the first one to arrive at our store the other day, and we immediately put it on sale. This watch has a very cool impression with its grayish silver dial.

[Lot.18]
"Perpetual Calendar Chronograph" 18KYG
"Ref.5970J-001"

Estimate: CHF 80,000 – 160,000
(JPY 11,912,800 – 23,825,600)

The 18KYG (yellow gold) case "Ref. 5970J-001" was released in 2008 when the "Lehman Shock" occurred. The following year, the PT (platinum) case was released, but this 18KYG (yellow gold) case is the least popular. The dial is a silver dial that is close to white, and it looks the most classical. Perhaps because of the small number of pieces, this is the only material that we do not carry, and it is a model that we would like to carry at all costs, and it is also our goal. (Laughs) As many of you may have already noticed, all materials in the "Ref. 5970" series are being offered at this auction, and we are very excited to see the results.

[Lot.20]
"Perpetual Calendar Chronograph" 18KYG
"Ref.2499"

Estimate: CHF 400,000 – 800,000
(JPY 59,564,000 – 119,128,000)

The Ref. 2499 is the second generation of the Perpetual Calendar Chronograph, and is part of the 3rd series. It features a very rare glossy black dial. It is worth noting that the archives also clearly state that it is "NOIR (black)". It goes without saying that the original black dial is extremely rare, even though the Ref. 2499 itself is almost never seen except at overseas watch auctions. We expect the winning bid to far exceed the estimated amount! We are very much looking forward to the outcome of the auction.

[Lot.43]
"World Time Cloisonné" PT
"Ref.5131/1P-001"

Estimate: CHF 80,000 – 160,000
(JPY 11,912,800 – 23,825,600)

Based on the Ref. 5130, the second generation of the modern World Time, the Ref. 5131 features a cloisonné dial. All case materials (YG, RG, WG, PT) have different dials, and the PT (platinum) case and bracelet model was the last to be released in 2017. The dial features a world map seen from the North Pole, and although we have handled two of these in the past, it is a rare model that has hardly been in stock lately.

[Lot.53]
"Perpetual Calendar Chronograph" PT
"Ref.3970E"

Estimate: CHF 80,000 – 160,000
(JPY 17,869,200 – 29,7820,000)

This is the 2nd series of the "Ref.3970", the third generation of the "Perpetual Calendar Chronograph", and is a popular model with a screw-down case back, bar indexes, and leaf hands. It also features a hallmark engraved on the lug side, and the 2nd series was produced in small numbers, so it seems that many people are looking for it. There does not appear to be a warranty, but an archive is included, and from the images, the lugs are thick and sturdy, so the individual piece seems to be in good condition. Both the 1st and 2nd versions of the "Ref.3970" are very difficult to obtain.

[Lot.54]
"Perpetual Calendar Chronograph" PT
"Ref.3970EP-027"

Estimate: CHF 100,000 – 150,000
(JPY 14,891,000 – 22,336,500)

Next up is the 4th series of the Ref.3970, the Ref.3970EP-027. It features a screw-down case back, pointed bar indexes, and baton hands, and comes with a replacement closed case back. By the way, the "E" in the reference stands for "waterproof." The PT (platinum) case x bar index x black dial was produced in small numbers, and is rarely seen on the market anymore. This is a watch that will be interesting to see in the future.

[Lot.88]
"Minute Repeater Tourbillon Perpetual Calendar Retrograde" 18KYG
"Ref.5016J-011"

Estimate: CHF 250,000 – 500,000
(JPY 37,227,500 – 74,455,000)

Released in 1993, the Ref. 5016J-011 is said to have been produced in only 200 units by 2011. It is the most extraordinary model of Patek Philippe at the time, equipped with all the complicated mechanisms (minute repeater, tourbillon, perpetual calendar). The 36mm case diameter feels a little small, but it is thick and has a tremendous presence. The sound of the minute repeater is truly beautiful, and we have sold PT (platinum) and 18KRG (rose gold) versions, which are not only cool, but also have an incredible aura. The 18KYG (yellow gold) version creates a classical atmosphere and makes you feel like a real watch. The market price has been rising, so I am looking forward to the winning bid.

[Lot.112]
『Chronograph TIFFANY&CO.』PT
"Ref.5070P-001"

Estimate: CHF 200,000 – 400,000
(JPY 29,782,000 – 59,564,000)

At the time of its release, the 42mm diameter of the two-counter chronograph "Ref. 5070" was considered a little large. Nowadays, the mainstream of watches is around 40mm, and coupled with the fact that it is equipped with a Lemania-based movement, it has become very popular. This PT (platinum) version was announced in 2008 and production ended the following year in 2009, so the total number of units was very small and the price was relatively high and stable. However, what is surprising is that this particular model is a double-name model with the letters "TIFFANY & CO." in the center of the dial! It also comes with a Patek Philippe warranty card with the "TIFFANY & CO." stamp on it, making it a very popular and rare model. It is a model that fans will be coveting, and we are looking forward to the winning bid price.

[Lot.153]
"Perpetual Calendar Chronograph" 18KRG
"Ref.1518"

Estimate: CHF 800,000 – 1,600,000
(JPY 119,128,000 – 238,256,000)

The first model of the "Perpetual Calendar Chronograph" that appeared in the 1940s, "Ref. 1518". It is said that only 281 pieces were produced, and it is a dream model to see. Most of them are said to be 18KYG (yellow gold), and 18KRG (rose gold) is very rare, and every time it is put up for auction overseas, it records a high winning bid. The piece put up for auction this time is in very good condition with the enamel on the dial still intact, the hallmark clearly visible, and the edges of the case are sharp. How high will the winning bid go? It is definitely one to watch.

[Lot.171]
"Perpetual Calendar Chronograph" PT
"Ref.5971P"

Estimate: CHF 180,000 – 360,000
(JPY 26,803,800 – 53,607,600)

"Perpetual Calendar Chronograph" "Ref. 5971P" with fourth-generation PT (platinum) case and baguette diamond bezel. Usually it has a black dial, but this one has a white dial.
It doesn't seem to come with a warranty, but the archives clearly state that it has a white dial, so there's no doubt that it's a very rare model. We're also excited to see how much it will fetch.

[Lot.187]
"Perpetual Calendar Split Second Chronograph" 18KYG
"Ref.5004J"

Estimate: CHF 120,000 – 240,000
(JPY 17,869,200 – 35,738,400)

The "Ref.5004" is a perpetual calendar chronograph with a split second and a Lemania-based movement. Produced from 1994 to 2010, it is perfect in every way, with a large crown with a split button, thick and sturdy lugs, Arabic indexes, leaf hands, and sub-dial design. This watch comes with all the accessories, and was produced in 2010, which is almost the last year of its kind. It's so cool that it makes you sigh! I'm looking forward to seeing how much it will sell for.

summary

What did you think.

This time, there were several models equipped with Lemania-based movements that particularly caught my eye, so I picked out and introduced the ones that caught my eye the most.

Global auctions are a great reference for observing the market conditions of watches. The results of this Philips auction will definitely be useful, so if you have time, please pay attention to it.

see you!