• Important Watches auction at Christies

    Sale 2969

    Important Watches

    28 November 2012, Hong Kong

  • Lot 2758

    PATEK PHILIPPE. A VERY RARE AND LARGE 18K GOLD LIMITED EDITION AUTOMATIC MINUTE REPEATING WRISTWATCH WITH BLACK DIAL, CATHEDRAL GONGS, ORIGINAL CERTIFICATE, ADDITIONAL CASE BACK AND BOX

    SIGNED PATEK PHILIPPE, GENEVE, REF. 5079, MADE FOR THE 50TH ANNIVERSARY OF GEORGE PRAGNELL LTD, MOVEMENT NO. 1'904'152, CASE NO. 4'261'705, MANUFACTURED IN 2004

    Price Realised  

    PATEK PHILIPPE. A VERY RARE AND LARGE 18K GOLD LIMITED EDITION AUTOMATIC MINUTE REPEATING WRISTWATCH WITH BLACK DIAL, CATHEDRAL GONGS, ORIGINAL CERTIFICATE, ADDITIONAL CASE BACK AND BOX
    SIGNED PATEK PHILIPPE, GENEVE, REF. 5079, MADE FOR THE 50TH ANNIVERSARY OF GEORGE PRAGNELL LTD, MOVEMENT NO. 1'904'152, CASE NO. 4'261'705, MANUFACTURED IN 2004
    Cal. R 27 PS automatic lever movement stamped with the Geneva seal, 39 jewels, Gyromax balance, engine-turned 22k gold micro-rotor, Cathedral minute repeating on two polished steel hammers onto two gongs, black dial with Breguet numerals, outer railway minute track, engine-turned subsidiary seconds, large circular case, stepped bezel, snap on back with commemorative inscription 50 Golden Years 1954 George Pragnell 2004, downturned fluted lugs, repeating slide in the band, 18k gold Patek Philippe Henri Stern buckle, case, dial and movement signed
    42 mm. diam.


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    US$320,000-440,000

    With Patek Philippe Certificate of Origin dated November 2004, additional case back, key, sales tag, instruction manual, product literature, leather portfolio, fitted presentation box and outer packaging.


    Consigned by an important private collector, the present reference 5079 is part of a very rare limited series of only 5 pieces and is furthermore fresh to the market. According to our research, the present lot is only the forth known example to have come up for auction to date.

    In 2004, Patek Philippe manufactured a very special series of 10 limited edition wristwatches to celebrate the 50th anniversary of their relationship with George Pragnell ltd, one of the largest retailers of luxury watches in the United Kingdom based outside of London in Stratford upon Avon.

    Reference 5079 incorporates a "Cathedral" repeating mechanism, consisting of a high-tone and a low-tone gong. When the repeating is activated, first the number of hours is stroke by means of one of the two hammers on the low-tone gong, followed by the quarter hours with double strikes on both the low-tone and the high-tone gong, and finally the number of minutes which have elapsed since the last quarter-hour with one hammer on the high-tone gong.

    The length of the gong in a standard repeating mechanism corresponds to almost precisely one turn in the movement whereas those of the "Cathedral" mechanism exceed the case circumference by at least one and a half, even two turns. Consequently, a much richer and fuller timbre is achieved, resembling the chime of the bells of a cathedral.

    And last but not least as any of its minute repeating peers, the present watch had to pass a final test before being handed over to its future owner. Since Patek Philippe launched the production of these cherished timepieces in 1989, not a single one left the workshop before Philippe Stern, the company's president until 2009, now honorable president, deemed its chiming of the hour worthy of the firm's high standards. In the tranquillity of his office, he listened to the sounds of each watch to assure the inimitable richness of timbre that, as the Calatrava cross, is one of the trademarks of Patek Philippe's minute repeating wristwatches.

    Special Notice

    Prospective purchasers are advised that several countries prohibit the importation of property containing materials from endangered species, including but not limited to coral, ivory, tortoiseshell and crocodile. Accordingly, prospective purchasers should familiarize themselves with relevant customs regulations prior to bidding if they intend to import this lot into another country.


    Saleroom Notice

    Please note that the present watch is limited to 5 pieces and not 10 pieces as stated in the catalogue.