Heavyweight Bout: Patek Philippe Reference 5170P vs. 5070P (Plus 5070P-013 ‘London’ Edition) Chronographs

by GaryG

From the time that I first made it known that I’d brought home Patek Philippe’s lovely Reference 5170P chronograph, I’ve frequently been asked two questions:

  1. How does it stand up to my Patek Philippe Reference 5370P split-seconds chronograph? I addressed that topic briefly in my “Why I Bought It” article on the 5170P, but may return with another report after I have the benefit of more wrist time with both.
  2. How does it compare to Patek Philippe’s prior flagship chronograph, the platinum-cased Reference 5070P?
Big hitters: Patek Philippe Reference 5070P-013 (at left) and Reference 5170P

Big hitters: Patek Philippe Reference 5070P-013 (at left) and Reference 5170P

I don’t own a Reference 5070P (nor for that matter any of the 5070 variants). But happily enough two members of our NorCal watch gang do, and one of the two watches is the super-rare Reference 5070-013 “London” edition issued in May of 2015 for the firm’s exhibition at London’s Saatchi Gallery (see Eleven Regal Timepieces From Patek Philippe’s Grand Exhibition At London’s Saatchi Gallery).

Recently, the 5070-013 London edition came my way for some shooting, and between that and some older shots of my other pal’s original Reference 5070P-001 I can share a direct comparison with you.

First things first: falling in love with Patek Philippe Reference 5070P

It was seven or eight years ago that I first saw a Reference 5070P in the metal at one of our gang’s regular luncheons that happened to have a “chronograph” theme.

I was immediately captivated by the masculine proportions of the watch, the attractively cluttered dial with its white gold applied numerals, and the profile of the 507x-style case (which also serves exceptionally well in the much more complicated guise of the Reference 5074 perpetual calendar minute repeater featured in The Great Chime-Off: Patek Philippe Minute Repeater References 5074P And 5078P.

Patek Philippe Reference 5070P-001

Patek Philippe Reference 5070P-001

In 2012 I managed to borrow this 5070P-001 for a photo session using my 2012 equipment and 2012 photographic skills; I recently went back through my photo files and above and below are a couple of shots that at a minimum do a decent job of imparting a sense of the gravity of the watch and the captivating slate-blue color of the dial.

Captivating form and color: Patek Philippe Reference 5070P chronograph

Captivating form and color: Patek Philippe Reference 5070P chronograph

As I’ve had the opportunity to compare and contrast Reference 5070 and Reference 5170, one thing that has struck me is how cleverly Patek Philippe managed to package the Lémania-derived Caliber CH 27-70 movement with its 27.5 mm diameter into a wristwatch that, at 42 mm in overall diameter, is one of Patek Philippe’s largest ever.

If you look carefully, you’ll notice that the subdials for the 30-minute chronograph counter and running seconds are actually quite close to the center of the dial.

Watches with a “cross-eyed” appearance revealing a too-small movement inside are a pet peeve of mine, but Patek Philippe’s use of a double outer railroad track for the chronograph seconds and tachymeter fills the space so well that until now I’d never noticed the inboard subdial placements.

Time passes: enter Patek Philippe Reference 5170P

After I’d first had a chance to check out Reference 5070P in detail, it took up a prominent position on my “objects of desire” list; but I wasn’t alone in my longing, and the prices for the few pre-owned pieces that came to market began high and then got higher. So I never pulled the trigger.

The new generation: Patek Philippe Reference 5170P in platinum with diamond indices

The new generation: Patek Philippe Reference 5170P in platinum with diamond indices

Fast forward to Baselworld 2017 and I had my socks knocked off again, this time by the newly introduced Reference 5170P with its striking blue-black dégradé dial and sparkly-but-distinguished applied diamond baguette-cut hour markers.

Dressy and clean: Patek Philippe Reference 5170P

Dressy and clean: Patek Philippe Reference 5170P

I’ve written in detail here previously about the 5170P so won’t go on at great length now, but I’ll foreshadow my conclusions below by saying that for me Reference 5170P is in every way a worthy successor to its platinum forebear.

Movement side, Patek Philippe Reference 5170P

Movement side, Patek Philippe Reference 5170P

And then there were three: Patek Philippe Reference 5070P-013 “London” edition

In July of 2017, I had the opportunity to meet up with watch friends from around the world at the Patek Philippe Grand Exhibition in New York. One of the great treats of that visit was the opportunity to see a pal’s newly acquired Reference 5070P-013 London edition.

Slightly different and oh so rare: Patek Philippe Reference 5070P-013

Slightly different and oh so rare: Patek Philippe Reference 5070P-013

Our group of collectors had the opportunity to compare this watch with an example of the original 5070P, and a debate immediately broke out: was the dial of the “London” watch lighter or darker than the original version?

The lighting at any particular moment played a role in one’s perceptions, but at the same time it seemed that overall views differed from person to person.

Brighter blue – I think: Patek Philippe Reference 5070P-013

Brighter blue – I think: Patek Philippe Reference 5070P-013

To my eye, at least, the color of the limited-edition watch is a truer blue than Reference 5070P-001’s blue-grey, and the tone is somewhat lighter. But as you can see in the photo below, depending on the angle and conditions the perceived “lightness” of the dial can change quite a bit.

Dial detail, Reference 5070P-013 chronograph

Dial detail, Reference 5070P-013 chronograph

If you compare the dials of the two watches, you’ll also be able to pick out some other subtle differences, including:

  • a different font for the “Patek Philippe Geneve” inscription
  • different shapes on the printed numerals 1 and 7 and some of the 4 numerals
  • the size of the numerals printed on the subdials
  • at least to my eye, more pronounced subdial grooves on the newer watch

One area in which the two watches are identical is the movement side, with a striking view of the Caliber CH 27-70 movement presented by Patek Philippe in 1986 and first incorporated in its yellow gold Reference 5070J in 1988.

Patek Philippe Caliber CH 27-70 in Reference 5070P

Patek Philippe Caliber CH 27-70 in Reference 5070P

As on the front of the watch, Patek Philippe had to do some work to make the 27 mm diameter movement work visually in a 42 mm watch; at the rear the stepped bezel and angled outer edge of the screw-on case back guide the eye in to a movement that in turn is not deeply sunk into its case, helping to alleviate the impression of a smallish movement size.

Side by side: Patek Philippe References 5070P and 5170P

On to the main event! When you get the 5070 and 5170 side by side, both the clear differences and underlying family resemblance are apparent.

Side by side: Patek Philippe Reference 5070P-013 and Reference 5170P

Side by side: Patek Philippe Reference 5070P-013 and Reference 5170P

Interestingly, to my eye at least, the two watches appear to be quite similar in size, even though the 5070 is almost 3 mm larger in diameter, as the more open dial and thinner bezel of the 5170 trick the eye. The simpler Calatrava-style case of the 5170 works well with the open, modern look of the watch – although I find the 507x case with its stepped bezel and lugs hard to beat.

Dial details, Patek Philippe chronographs in platinum

Dial details, Patek Philippe chronographs in platinum

A closer view reveals additional details:

  • The color gradation of Reference 5170 is just killer and one of the things that immediately drew me to the watch.
  • The tonal contrasts on Reference 5170 are more pronounced, with broader (and perhaps brighter) printed numerals and even a lighter silver tone on the central chronograph seconds hand with its broader tail.
  • Reference 5170 loses the “sector” look of the outer scale of its predecessor but re-introduces it as a feature surrounding the printed numerals on the subdials.
  • Based on the architecture of the movement, the subdials on Reference 5170 are placed both closer to the edge of the dial and slightly offset below the 3-to-9 axis. The latter feature bugs some people, but I don’t mind it at all.
  • To my eye the modified dauphine hands with lume on Reference 5170 are one thing that I might have changed (don’t ask me how!) but they are a clear shift from Reference 5070’s leaf hands.
  • Applied white gold numerals vs. baguette-cut diamonds! For me both are absolutely consistent with the design of the remainder of their respective watches and I love them both.
Movement views, Patek Philippe Reference 5170P (left) and Reference 5070P

Movement views, Patek Philippe Reference 5170P (left) and Reference 5070P

A quick flip and we’re on to the movement sides. I’m a fan of the earlier Caliber CH 27-70 and its Geneva Seal, but when push comes to shove the size, openness, and visual pop of the in-house Caliber CH 29-535 PS really speak to me, and I love details like its black-polished column wheel cap. I’m also convinced by its functional advancements that include hacking seconds and instantaneously jumping chronograph minutes.

Each movement seems completely coherent with the rest of its respective watch: the 27-70 is more old school meets steampunk to my eye, while the 29-535 is very much twenty-first century design.

On the tactile front, both have a fairly light but natural manual winding feel. When it comes to the pushers, the 5170 to me has a more pleasing progressive feel to the start/stop pusher than the 5070, while the 5070 exhibits a more balanced level of effort required to actuate the start/stop vs. return pusher than the 5170, whose return to zero feel is quite light.

On the wrist

Let’s face it: life could be worse than having the chance to strap on these wonderful watches! After finishing up in the light tent I could hardly wait to get Reference 5070P-013 on my wrist for a quick bit of shooting outdoors.

On the wrist: Patek Philippe Reference 5070P-013 “London”

On the wrist: Patek Philippe Reference 5070P-013 “London”

Next up was Reference 5170P, and in natural light the blue-black color has to be seen to be believed.

Modern marvel: Patek Philippe Reference 5170P

Modern marvel: Patek Philippe Reference 5170P

And thanks to the miracle of an 8 TB backup drive and a just-good-enough filing system, I was able to dig out one of my earlier photos of Reference 5070-001 for comparison purposes.

Ignore that fingerprint: Patek Philippe Reference 5070P-001 on the wrist

Ignore that fingerprint: Patek Philippe Reference 5070P-001 on the wrist

What’s the verdict?

I’ll confess that when I began this comparison I fully expected that at the end of the day I’d have a strong preference for Reference 5070P, a watch that I’ve lusted after for the better part of a decade now, over my own Reference 5170P.

It came as a bit of a surprise that once I’d handled, shot, and scrutinized both I found the race pretty much a dead heat. Maybe if somewhere in the Patek Philippe vaults in Geneva there were a Reference 5070P with the more modern fonts and printing proportions of the “London” edition and the blue-grey color of the original Reference5070 I’d be tempted to sell off a number of watches and get down on bended knee to ask for it. But that seems somewhat unlikely.

For now, I’ll be more than happy to wear my new-age Reference 5170P and borrow my pals’ pieces from time to time!

Parting shot: Patek Philippe Reference 5070P-013 “London” (left) and Reference 5170P

Parting shot: Patek Philippe Reference 5070P-013 “London” (left) and Reference 5170P

What are your thoughts? I’m keen to hear your choices in the comments section below.

Quick Facts Patek Philippe Reference 5170P
Case: 39.4 x 10.9 mm, platinum with brand-characteristic diamond at 6 o’clock; sapphire crystal case back
Dial: gold with sunburst blue finish gradated to black at edges, baguette-cut diamond markers; white tachymeter scale and markings
Movement: manually wound Caliber CH 29-535 PS; 4Hz/28,800 vph; power reserve 65+ hours
Functions: hours, minutes; subsidiary seconds; 30-minute instantaneously jumping chronograph
Current retail price: $96,390
Production years: 2017-present

Quick Facts Patek Philippe Reference 5070P-001
Case: 42 mm, platinum with brand-characteristic diamond at 6 o’clock; sapphire crystal case back
Dial: gold with sunburst blue finish; white tachymeter scale and markings; white gold applied Arabic numerals
Movement: manually wound Caliber CH 27-70; 18,000 vph/2.5Hz, Geneva Seal, power reserve max. 60 hours
Functions: hours, minutes; subsidiary seconds; 30-minute chronograph
Original retail price: $87,500
Current asking prices (online): $155,000 to $175,000
Production years: 2008-2009

Quick Facts Patek Philippe Reference 5070P-013 “London” edition
Case: 42 mm, platinum with brand-characteristic diamond at 6 o’clock; sapphire crystal case back
Dial: gold with sunburst blue finish; white tachymeter scale and markings; white gold applied Arabic numerals
Movement: manually wound Caliber CH 27-70; 18,000 vph/2.5Hz, Geneva Seal, power reserve max. 60 hours
Functions: hours, minutes; subsidiary seconds; 30-minute chronograph
Limitation: five pieces
Original retail price: £111,120 (approx. $173,000)
Current asking price (online): $360,000
Production year: 2015

You might also enjoy:

Why I Bought It: Patek Philippe Reference 5170P
Why I Bought It: Patek Philippe Reference 5370P
Eleven Regal Timepieces From Patek Philippe’s Grand Exhibition At London’s Saatchi Gallery
The Great Chime-Off: Patek Philippe Minute Repeater References 5074P And 5078P
You Are There: Patek Philippe (And Virtually Everyone Else) Comes To New York, A Collector’s View

13 replies
  1. Brighty
    Brighty says:

    Thanks for the very interesting review. My first reaction was to prefer the 5070P, as its busy face looked more purposeful and tool like. After further consideration, the bunched up subdials started to get to me, which was made worse by the smaller movement behind. Also I am bugged by the cut numbers.

    The 5170P is a lovely watch, but that’s my issue with it. With the diamond markers it looks a bit too fancy, but I think aesthetically the dial is more balanced and I would feel more ‘calm’ looking at it than the 5070.

    I wonder if you’d still be happy sticking with the 5170P if your friends told you that you could never borrow their 5070s!

    Reply
    • GaryG
      GaryG says:

      An excellent hypothetical question! I have the 5170 on my wrist right now and I’m really happy with it — now that I’ve had the opportunity to compare the more open and “modern” look of the 5170 in detail against the 5070, I’m happier than I was before!

      Reply
  2. IanE
    IanE says:

    I find the 5070P dial just a bit claustrophobic/overly cluttered. When I first saw the 5170P, the diamond baguettes seemed a bit too much, but, now that I have seen many photos, I have rather fallen for them and the 5170P is now my preferred option and this fascinating comparison affirms this preference. Added to my list for an ‘exit’ watch!

    Reply
    • GaryG
      GaryG says:

      You could do far worse IMHO! The baguettes really do appear to be brightly polished metal in most light — really not too pushy and I actually wear the watch on client business from time to time with no concerns about appearing overly flashy.

      Reply
  3. Chia-Ming Yang
    Chia-Ming Yang says:

    If I could change the hour/minute hands of the 5170, it would be my pick without a doubt(“right” case/movement proportion, cleaner dial, smaller case size). By the way, I’ve never liked the baguette-cut diamond indices before, but your photos of 5170 totally changed my mind. Maybe one day I will have a watch with them(Rolex Day-Date? lol).

    Reply
    • GaryG
      GaryG says:

      Thanks for commenting! One thing I have to say about the hands on the 5170 is that they look far better to me in person at actual size than in macro photos that are wildly magnified.

      I’m also really pleased that my photos were useful to you!

      Best, Gary

      Reply
  4. Colton
    Colton says:

    In my (admittedly unrefined) Patek palate, the 5070 always felt unbalanced due to the thickness of the bezel. While this could mature into an appreciation of its ‘charm’ in the future, I have no qualms about expressing my wholehearted love for the 5170P. Excellent article, and a very fun exercise to see your photography skills progressing over the years!

    Reply
    • GaryG
      GaryG says:

      Thanks! For me, looking at some of those early photographic efforts is usually a face-palm exercise — I’m very lucky to have a great teacher and I’m hoping that I will continue to improve!

      Best, Gary

      Reply
  5. massardi
    massardi says:

    When I had the wrist 5170P I found it so amazing with his diamond indexes that I bought it and I do not regret my purchase …

    Reply
  6. Jim Holcomb
    Jim Holcomb says:

    Hi Gary, I read your article on the 5170P vs the 5070P London edition and appreciate the nuances you opine both in words and photos. I have a chance to purchase a new 5170P for my AD and he told me it would be his last one per Patek Philippe, or in other words discontinued. Can you confirm that it is being discontinued and what you think will happen to the watch’s value from a collectors perspective? Thanks again for the great article…Jim

    Reply
    • GaryG
      GaryG says:

      Hi Jim — thanks for commenting, and I’m glad you enjoyed the article! I don’t have any inside information at all from Patek concerning the discontinuation of any references, so I’m afraid I can’t be too helpful there — that said, their practices with past platinum cased pieces would be consistent with a fairly limited run for the 5170P.

      I’m also fond of saying that if you want to make money on watches, do the opposite of what I do! I’m no investment advisor, to be sure. We can look at the (quite high) value of the Ref. 5070P relative to the J, G, and R versions of the same watch (as well as the relative values of the P variants of other references such as 5970P) and infer that the same premium will over time apply to the 5170P, but there are clearly no guarantees…

      Best, Gary

      Reply
    • GaryG
      GaryG says:

      Well, Jim, looks as if you were correct! 5170P is now slated to be discontinued, and that can’t be a bad thing for values going forward relative to the alternative of continued production. For me, it’s much more a matter of not “getting hurt” vs. my original amount paid than one of “making a return,” but I did allow myself a small smile upon seeing the news.

      Reply

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