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

A one-off heavyweight.

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 unique ref. 5070P will be sold at Sotheby’s Important Watches sale that takes place in Hong Kong on October 13, 2021. For more, visit


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