Patek Philippe - The Geneva Watch Auction: XVII Geneva Saturday, May 13, 2023 | Phillips

The Geneva Watch Auction: XVII

Geneva Auction 13 - 14 May 2023

  • Manufacturer: Patek Philippe
    Year: 2011
    Reference No: 5016R-011
    Movement No: 5'000'246
    Case No: 4'490'948
    Material: 18K pink gold
    Calibre: Manual, cal. RTO 27 PS QR, 28 jewels
    Bracelet/Strap: Alligator
    Clasp/Buckle: 18K pink gold Patek Philippe pin buckle
    Dimensions: 37mm Diameter
    Signed: Case, dial, movement, and buckle signed
    Accessories: Accompanied by Patek Philippe Certificate of Origin dated April 14th, 2011, large leather portfolio, chronometer certificate dated December 1st, 2010, product literature, additional solid caseback, setting pin, fitted presentation box and outer packaging. Further accompanied by the Extract from the Archives.

  • Catalogue Essay

    For the majority of watch aficionados, the Patek Philippe reference 5016 is one of the ultimate grail watch to own. From the outside, nothing much reveals the extreme degrees of difficulty embodied on the inside. A sophisticated grand complication, the present watch flaunts all the impressive complications one could dream of while remaining discreet and elegant in its appearance. Launched in 1993, it was at the time the most complicated watch produced by the Swiss manufacture featuring a minute repeater, a perpetual calendar with retrograde date and a tourbillon. It wasn’t until 2001 at the launch of the reference 5002 – the Sky Moon Tourbillon – that Patek Philippe presented a more complicated timepiece.

    Produced in yellow, white, and pink gold, as well as platinum, and a one-off, unique piece for charity in stainless steel in 2015, the model most often featured a silvered or black dial with applied Breguet numerals matching the case metal. It is believed that approximately 200 examples were produced until the reference was discontinued in 2011.

    With a “R” suffix in the model’s name short for or rose (pink gold), the present watch displays a 37mm stepped case with well-defined fluted lugs. Only the slide that triggers the minute repeater deviates slightly from Patek Philippe’s unmistakable classic look. Thanks to the intelligently organized black dial, the eight time and calendar indications are superbly legible. The hours and minutes are shown with pink gold Breguet hands and applied markers, and the seconds with a slender white baton hand at 6 o'clock. The calendar also features generously sized apertures for the day of the week, the month and the leap-year cycle as well as a white retrograde hand from the centre that points at the date. Contributing to the perfect equilibrium of the dial, the moonphase display is placed at six o’clock, adding a final touch of poetry to this masterpiece of horology.

    As soon as the slide on the flank of the case is activated, the minute repeater starts playing a melody that translates the time displayed on the dial into sound – to the ears of the connoisseur, it is music of exceptionally rich sonority and fullness. Lovers of complicated mechanical watches will be charmed by its captivating melody and uncompromised accuracy.

    The present pink gold reference 5016 is a wristwatch that embodies all the master qualities one expects from Patek Philippe, with a classic design and complicated movement. It is a legendary wristwatch that many adore, but few can own. Accompanied by all its original accessories, including its certificate of origin, second solid caseback and setting pin – it is the sixth example in pink gold with black dial to appear on the public market; a modern masterpiece that will be the crown jewel of any collection.

  • Artist Biography

    Patek Philippe

    Swiss • 1839

    Since its founding in 1839, this famous Geneva-based firm has been surprising its clientele with superbly crafted timepieces fitted with watchmaking's most prestigious complications. Traditional and conservative designs are found across Patek Philippe's watches made throughout their history — the utmost in understated elegance.

    Well-known for the Graves Supercomplication — a highly complicated pocket watch that was the world’s most complicated watch for 50 years — this family-owned brand has earned a reputation of excellence around the world. Patek's complicated vintage watches hold the highest number of world records for results achieved at auction compared with any other brand. For collectors, key models include the reference 1518, the world's first serially produced perpetual calendar chronograph, and its successor, the reference 2499. Other famous models include perpetual calendars such as the ref. 1526, ref. 3448 and 3450, chronographs such as the reference 130, 530 and 1463, as well as reference 1436 and 1563 split seconds chronographs. Patek is also well-known for their classically styled, time-only "Calatrava" dress watches, and the "Nautilus," an iconic luxury sports watch first introduced in 1976 as the reference 3700 that is still in production today.

    View More Works

Σ182

Patek Philippe

Ref. 5016R-011
An exceptional, extremely rare and important pink gold minute repeating perpetual calendar wristwatch with tourbillon, retrograde date, moon phases, Breguet numerals, additional caseback, setting pin, certificate of origin, and presentation box

2011
37mm Diameter
Case, dial, movement, and buckle signed

Estimate
CHF250,000 - 500,000 
€260,000-520,000
$286,000-571,000

Sold for CHF622,300

Contact Specialist

Alexandre Ghotbi
Head of Watches, Continental Europe and the Middle East

+41 79 637 17 24
AGhotbi@phillips.com

Tiffany To
Head of Sale, Geneva

+41 79 460 55 88
TiffanyTo@phillips.com

The Geneva Watch Auction: XVII

Geneva Auction 13 - 14 May 2023