Market
Bruno.M1 initiates a thought-provoking discussion on the valuation of unique dial Patek Philippe watches, using a Patek Philippe 5970 with a unique dial that sold for 1.4 million euros as a prime example. He challenges the community to weigh the exclusivity of a single unique piece against the possibility of acquiring an entire collection of standard 5970 and 5070 references for a similar investment. This post delves into the complex dynamics of rarity, market value, and collector priorities.
The Patek Philippe reference 5070, part of the Complications collection, marked a significant return for the brand to large-format chronographs. Introduced in 1998, it was the first non-perpetual calendar chronograph produced by Patek Philippe since the reference 1463, which ceased production in the early 1960s. Its design drew inspiration from a unique Patek Philippe aviator's watch from the 1940s, characterized by its prominent case and dial layout, yet reinterpreted for a contemporary audience. This reference established a new aesthetic direction for the brand's chronographs, moving towards more substantial case dimensions.
The watch features a 42mm case, initially offered in 18k yellow gold, housing the manual-winding Caliber CH 27-70. This movement, based on a Nouvelle Lémania ébauche, was extensively finished and modified by Patek Philippe, meeting the brand's stringent quality standards. It provides a power reserve of approximately 55 hours. The dial, in this specific configuration, is black, protected by a sapphire crystal, and the watch is water-resistant to 30 meters. The fixed bezel frames the dial, and the watch is typically fitted with a leather strap.
Reference 5070 appeals to collectors interested in modern Patek Philippe chronographs that combine traditional movement architecture with a more contemporary case size. Its limited production run and the subsequent introduction of variants in other precious metals contribute to its collectibility. The reference represents a distinct period in Patek Philippe's chronograph history, bridging vintage inspirations with a new era of larger watch designs.
the 5970P would suffice for me. Otherwise, either the 5970R or 5970G is fine with me.
When you realize some still think about the 1970s Trilogy, when they finally realize that it was just marketing, while hurting Breguet....... But it must achieve high sales price, the illusion can't be broken for their company earnings. This isn't hand crafting at it's best, just a color change. One day, matching subdials to the main could happen. Maybe, you know that technology is...... worth million$
This thread is active on the Patek Philippe forum with 23 replies. Share your knowledge with fellow collectors.
Join the Discussion →
