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Auction Watch: Enamelled Automaton Masterpieces at Sotheby’s Hong Kong SJX Watches
Patek Philippe chronographs commissioned Oct 5, 2021

Auction Watch: Enamelled Automaton Masterpieces at Sotheby’s Hong Kong

Sotheby’s upcoming Hong Kong Sale is primarily focused on wristwatches, encompassing several unique Patek Philippe chronographs commissioned by Eric Clapton and a dozen examples of early F.P. Journe. But two of the most valuables lots in the auction – and with estimates well into seven-figure US dollar sums – are a pair of museum-quality automata. Made for the Chinese market more than two centuries ago, this pair of objects are tremendously rare and exquisitely decorated in enamel and pearls. Two generations ago, such automata as well as pocket watches were the most respected genre in watch collecting. They were sought after by eminent collectors like the former chairman of HSBC and the German billionaire who was once the fifth-richest man in the world, which is why the record-setting lots in watch auctions of that era were inevitably pocket watches or objects, like the million-dollar Cremsdorff. Almost 400-years old, this pocket watch made by Jehan Cremsdorff sold for £2.175m, or about US$2.734m, including fees, at Sotheby’s in 2019 With the rise of wristwatches as the preeminent collecting category, demand for automata and pocket watches have declined sharply. Now the most expensive timepiece ever sold is the Patek Philippe Grandmaster Chime ref. 6300A mega-complication that sold for over US$33 million in 2019. But elaborately enamelled pocket watches are arguably the closest thing to fine art in horology, because of the intrinsic nature of the artisanal dec...

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Auction Watch: Unique Patek Philippe Ref. 5070/1P - Black Dial on Bracelet SJX Watches
Patek Philippe Ref 5070/1P – Black Sep 12, 2021

Auction Watch: Unique Patek Philippe Ref. 5070/1P - Black Dial on Bracelet

Distinctive with its wide, flat bezel, the ref. 5070 was Patek Philippe’s last chronograph powered by the CH27-70 movement derived from the Lemania 2310. At 42 mm in diameter, the ref. 5070 was the largest high-end chronograph on the market at its launch in 1998. Amongst the four versions of the ref. 5070 – in rose, yellow, or white gold as well as platinum – the platinum version is the rarest. Around 250 were made according to Sotheby’s, with the standard guise for the platinum case being being a metallic, muted-blue dial. Produced at the “special request of an important client” in 2012, the  ref. 5070/1P-010 has a black dial, while preserving the standard dial design with its large, applied Arabic numerals in white gold. While the standard model is has the model reference 5070P, this example has the suffix “/1P”, indicating the monochromatic dial is matched by a platinum “brick” bracelet, an uncommon option only available via special order. Importantly, both the black dial and bracelet are mentioned on the certificate, which indicates the watch was sold at the Patek Philippe Salon in Geneva. The combination of a platinum case, black dial, and matching bracelet – familiar and simple but endlessly striking – has been seen before on other chronograph models, including a ref. 5004P that sold at Christie’s in 2019. But this is the first ref. 5070P in this livery to be offered publicly. Estimated at HK$4-8 million, or US$500,000-1 million, the uniq...

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