• cal. 27-70Q nickel lever movement stamped with the seal of Geneva, 24 jewels, Gyromax balance • silvered dial, applied yellow gold Breguet numerals, apertures for day and month, outer minute track with one-fifth minute division, subsidiary dials indicating constant seconds combined with 24-hour, 30-minute register combined with leap year indicator and date combined with moon-phases • 18k yellow gold cushion-form case, snap-on sapphire crystal display back • case, dial and movement signed • with an 18k yellow gold Patek Philippe buckle     

The movement is running at time of cataloguing, however it was not tested for the accuracy of time or duration of the power reserve and may need service at the buyer's discretion. Please note that Sotheby's does not guarantee the future working of the movement. Case in overall very good condition with minor surface scuffs from "shop wear." Perpetual calendar, moon phases and chronograph functions working properly at the time of cataloguing. Dial and movement in excellent condition. Please note that Ref 3940 in yellow gold is sold by Patek Philippe with a secondary solid case back. This case back is not present with this lot. A setting pin is included with the accompaniments. Please be advised that the bands on this watch are made of materials derived from endangered or otherwise protected species (i.e. alligator and crocodile) and thus not sold with the watch, they are for display purposes only. We will remove these bands prior to shipping.
"In response to your inquiry, we are pleased to provide you with a general report of the condition of the property described above. All dimensions in catalogue descriptions are approximate. Condition reports may not specify mechanical replacements or imperfections to the movement, case, dial, pendulum, separate base(s) or dome. Watches in water-resistant cases have been opened to examine movements but no warranties are made that the watches are currently water-resistant. Please note that we do not guarantee the authenticity of any individual component parts, such as wheels, hands, crowns, crystals, screws, bracelets and leather bands, since subsequent repairs and restoration work may have resulted in the replacement of original parts. Since we are not professional conservators or restorers, we urge you to consult with a restorer or conservator of your choice who will be better able to provide a detailed, professional report. Prospective buyers should inspect each lot to satisfy themselves as to condition and must understand that any statement made by Sotheby's is merely a subjective, qualified opinion. Prospective buyers should also refer to any Important Notices regarding this sale, which are printed in the Sale Catalogue. In particular, please note it is the purchaser's responsibility to comply with any applicable import and export matters, particularly in relation to lots incorporating materials from endangered species.NOTWITHSTANDING THIS REPORT OR ANY DISCUSSIONS CONCERNING A LOT, ALL LOTS ARE OFFERED AND SOLD AS IS" IN ACCORDANCE WITH THE CONDITIONS OF BUSINESS PRINTED IN THE SALE CATALOGUE."

**Please be advised that bands made of materials derived from endangered or otherwise protected species (i.e. alligator and crocodile) are not sold with the watches and are for display purposes only. We reserve the right to remove these bands prior to shipping."

Accompanied by a Certificate of Origin and an Extract from the Archives confirming sale on August 31st, 2004. Together with one setting pin, a leather bi-fold, four booklets, a 2004 Patek Philippe catalogue and a presentation box with outer packaging.

Distribution of the Ref. 5020 began in 1994. It bears the same complications- perpetual calendar and chronograph- as its contemporary Ref. 3970, with a distinctive cushion-form case. Today, it is commonly referred to as the 'television set' in reference to its shape. In a world before commonplace over-sized watches, this refe🍸rence saw sign𓄧ificant commercial resistance in the 1990s due to its perceived large size and as a result very few were made and sold. Production was halted in 2002.

For the 21st century🃏 Patek Philippe collector, the watch is now c꧋onsidered an iconic reference ahead of its time and a trophy for any modern wristwatch collection. In 2014, the firm revisited the stylish and bold shape with the perpetual calendar Ref. 5940. 

An example of R𒁃ef. 5020 is illustrated in Banbery, A. & Huber,👍 M., Patek Philippe Watches, p. 309.