Patek Philippe - The Hong Kong Watch Auction: ONE Hong Kong Monday, November 30, 2015 | Phillips

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  • Manufacturer: Patek Philippe
    Year: 2002
    Reference No: 5016
    Movement No: 1'905'076
    Case No: 4'188'358
    Material: Platinum
    Calibre: Mechanical, RTO 27 PS QR, 28 jewels
    Bracelet/Strap: Black Patek Philippe crocodile leather strap
    Clasp/Buckle: Platinum Patek Philippe Campaign buckle stamped PPC
    Dimensions: 37 mm. diameter
    Signed: Case, dial and movement signed
    Accessories: With Patek Philippe Certificate of Origin dated 31 January 2005, Contrôle Officiel Suisse des Chronomètres Watch Rate Certificate, additional case back, setting pin, product literature, instruction manual, sales tag, leather wallet, portfolio, fitted presentation box and outer packaging. Furthermore delivered with Patek Philippe Extract from the Archives confirming the production of the present watch in 2002 and its subsequent sale on 29 January 2003.

  • Catalogue Essay

    For many years, the 5016 was Patek Philippe's most important contemporary wristwatch. Combining the minute repeating, tourbillon mechanism, perpetual calendar and retrograde date, the watch sat at the top of the tree for many years. The case design with fluted lugs still aspires to its predecessors, such as the 2499, and still gives the ultimate look of elegant sophistication, housed in an incredibly powerful movement.

    The reference was cased in all four metals, and was introduced to the market in 1994 and discontinued in 2010.

    This reference 5016 manufactured in 2002, is fitted with a silvered dial and finished with white gold Breguet numerals. This dial is considered the classic dial combination for the reference and has started to turn a very subtle ivory colour, giving the watch a very charming tint. Complete with all accessories, sharp fluted lugs, repeating in phase, with a terrific tone and quality, it is a very handsome watch indeed.

  • 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.

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Ref. 5016
An extremely rare and important platinum minute repeating perpetual calendar tourbillon wristwatch with retrograde date, moon phases, leap year indication, original certificate, additional case back and fitted presentation box

37 mm. diameter
Case, dial and movement signed

HK$3,200,000 - 4,800,000 

Sold for HK$3,880,000

Contact Specialist
Thomas Perazzi
Head of Watches, Asia
+852 2318 2030

Ziyong Ho
+852 9386 2032

Jill Chen
+852 2318 2033

The Hong Kong Watch Auction: ONE

Hong Kong Auction 1 December 2015 11am