HONG KONG AUCTION

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548. PATEK PHILIPPE

REF. 5971/12P-011, PERPETUAL CALENDAR CHRONOGRAPH, PLATINUM, RUBIES

An impressive, extremely rare and fine, platinum manual winding perpetual calendar chronograph wristwatch set with 42 baguette rubies (4.98 ct ), with moonphase and transparent caseback. Brand Model Reference Year Case Caliber

Patek Philippe Perpetual Calendar Chronograph 5971/12P-011 Sold in 2011 4529814 CH 27-70 Q

Movement Buckle Diameter Weight Signature Accessories

3932220 Patek Philippe platinum and ruby buckle 40mm. 109gr. (approx.). Dial, case and movement PP fitted box, certificate with leather folder, ruby-set pin

C1 D1-01 M1* HKD 8 000 000 - 15 000 000

USD 1 000 000 - 1 900 000

CHF 1 000 000 - 1 900 000

One of the very few examples of the platinum Ref. 5971 with gem set bezel, the so-called “Ring of colours”

T

he Ref. 5970 – a wrist-chronograph with perpetual calendar – represents a “Must” in the production of the Genevan manufacture. It all started in the 1940’s with the launch of Ref. 1518, which will be followed in the 1950’s by Ref. 2499, then in the 1980’s by the Ref. 3970. If these models are now highly coveted by amateurs, it is due to the fact that after the Second World War, Patek Philippe was the only watchmaker in the world to be able to produce in series this kind of parts, certainly in a few examples each year but of a remarkable quality of execution. The Ref. 5970 was launched in 2004 and was produced until 2011. It remains today a very popular model among collectors. The Ref. 5971 was launched in 2007, with a platinum case, a bezel set with 36 baguette diamonds (around 4 carats) and a black lacquered dial. It remains available in the product catalogue for just three years. It can therefore be reasonably assumed that the number of examples sold should not exceed one hundred units.

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