Patek Philippe - Hong Kong Watch Auction: THREE Hong Kong Monday, November 28, 2016 | Phillips

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  • Manufacturer: Patek Philippe
    Year: Circa 2009
    Reference No: 5016
    Movement No: 1'905'199
    Case No: 4'488'830
    Material: Platinum
    Calibre: Mechanical, RTO 27 PS QR, 28 jewels
    Bracelet/Strap: Brown Patek Philippe crocodile leather strap
    Clasp/Buckle: Platinum Patek Philippe buckle
    Dimensions: 37 mm. diameter
    Signed: Case, dial and movement signed
    Accessories: With Patek Philippe Certificate of Origin dated 11 November 2009, additional case back, product literature, instruction manual, portfolio photograph, leather portfolio and slip case.

  • Catalogue Essay

    Incorporating minute repeating, perpetual calendar, tourbillon, retrograde date, moon phases and leap year indicator, reference 5016 is one of the most intricate timepieces ever made by Patek Philippe. Launched in 1994, the reference is now discontinued and replaced by reference 5216. The reference demonstrates Patek Philippe’s commitment to technical excellence and superior quality. The present reference 5016 is fitted with a silvered dial and finished with applied white gold Breguet numerals, retaining Patek Philippe’s unmistakable classic look. The rarity of this watch is also enhanced by its well defined fluted lugs, well balanced case proportion, crisp hallmarks and the presence of the original certificate. The present legendary reference 5016 demonstrates a further level of sophistication in highly complicated wristwatches.

  • 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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Property from a Distinguished Collector

Σ1001

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

Circa 2009
37 mm. diameter
Case, dial and movement signed

Estimate
HK$3,200,000 - 5,000,000 
€376,000-587,000
$400,000-600,000

Sold for HK$3,920,000

Hong Kong Watch Auction: THREE

Hong Kong Auction 29 November 2016