Lot #4324
PATEK PHILIPPE CHRONOGRAPH 5070J-001 BLACK DIAL 18K YG BOX AND PAPERS
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Introduction
Launched in 1998, the Patek Philippe Chronograph ref. 5070 is an incredibly important milestone within Patek Philippe’s catalog of chronographs thanks to its status as their last chronograph to utilize a third-party movement. Powered by the manual-wind cal. CH 27-70, the ref. 5070 uses the Lemania cal. 2310 as its base, a practice that the ref. 5070 ended in 2010 following its discontinuation. An elegant watch inside and out, the ref. 5070J that we have here features a large 42mm 18kt yellow gold construction with a unique stepped design throughout its case with a stepped bezel flowing onto its stepped lugs, which add an architectural aesthetic to the timepiece. Boasting a stunning black dial with sunken subdials in a bi-compax arrangement and applied Arabic numerals, the ref. 5070J is a true masterpiece that is believed to have been produced no more than 1000 times by the Genevan giants.
Loupe This Scorecard
Grade
M 8.5
Status
Vetted & Approved
Included
Box and Papers, Hang Tag, Sales Invoice, Associated Documentation
Est. value range
$50,000 – $70,000
The Details
Brand
Patek Philippe
Dimensions
42mm
Model
Chronograph
Movement
Manual-wind cal. CH 27-70 (Base Lemania cal. 2310)
Reference
5070J-001
Bracelet
Leather strap
Year
1999
Condition
Excellent
Material
18kt yellow gold
Included
Watch, box, papers, original purchase invoice, original insurance valuation, and hangtags
Dial Color
Black
THE DIAL
Featuring a black dial with applied Arabic numerals and a bi-compax layout with two sunken subdials at 3 and 9 o'clock, the ref. 5070's display is thoughtfully designed, much like its large 42mm yellow gold case that continues the dial's stepped design across its bezel and lugs.
THE MOVEMENT
An important watch in the evolution of Patek's chronograph offerings, the ref. 5070 was the last Patek to be offered using a third-party chronograph movement, with its cal. CH 27-70 using the Lemania cal. 2310 as its base, an iconic movement throughout the world of horology.
TIMING MACHINE READOUT
This reading was taken (crown down) with a ONEOF Accuracy Boutique Edition timing machine at time of cataloging. It is provided as a courtesy only, and shall not be construed as a warranty or guarantee of any kind. Please refer to our terms and conditions of sale for more information.
Condition
The watch is in overall excellent condition. The yellow gold case shows some scratches and small nicks but remains well defined. All hallmarks and stamps on the lug sides and backs are crisp and full, and the Calatrava cross winding crown is in excellent condition. The dial and hands are like new. It is fitted with a black Patek Philippe alligator strap in very good condition and an excellent yellow gold deployant clasp. The watch is accompanied by its box, Certificate of Origin, booklet, original purchase paperwork, and numbered hangtag.
Please Note: Due to CITES considerations, if the watch is to be shipped outside of the USA, the exotic skin strap will have to be removed.
Our Perspective
A special piece from within the world of neo-vintage Patek Philippe, the ref. 5070J is a desirable watch as things stand, but for an example to be as early as the one we have here, and complete with all of its paperwork, including its original 1999 purchase receipt for $25000 and insurance valuation, this is not an opportunity that presents itself to market very often.
Eric Ku
Co-founder
