Patek Philippe - Racing Pulse New York Saturday, December 12, 2020 | Phillips

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  • Manufacturer: Patek Philippe
    Year: 2007
    Reference No: 5016P-010
    Movement No: 1’905’138
    Case No: 4’363’000
    Material: Platinum
    Calibre: Manual, cal. RTO 27 PS QR, 28 jewels
    Bracelet/Strap: Alligator
    Clasp/Buckle: Platinum Patek Philippe tang buckle
    Dimensions: 37mm Diameter
    Signed: Case, dial, movement, and buckle signed.
    Accessories: Including additional hard caseback and setting pin. Accompanied by Patek Philippe Extract from the Archives confirming manufacture in 2007 and subsequent sale on January 10th 2008. Additionally accompanied by original Patek Philippe Certificate of Origin, large and small leather folios, poinçon de Genève certificate, product literature, and presentation box.

  • Catalogue Essay

    Purists have always considered Patek Philippe the pinnacle of master craftsmanship and their complicated timepieces are grail watches to own for an important collection. Since the early 1940s when the reference 1526 was released, there has been a long and prestigious line of wristwatches that elicit awe and inspiration, from the 3448 perpetual calendar wristwatch, to the iconic perpetual calendar chronographs, the 1518 and 2499, as well as early minute repeating models like the reference 2419. These timepieces are mechanical works of art, which have a functional purpose, and they it is a joy to look at the intricacies and quality of their movements.

    Released in 1993, the reference 5016 was the most complicated watch produced by the firm with a minute repeating, perpetual calendar, tourbillon movement, until Patek Philippe released the Sky Moon Tourbillon (5002) in 2001. Produced in yellow, white and rose gold, as well as platinum, the watches featured silvered or black dials with the case number printed on the closed moon phase. It is believed that approximately 200 examples were manufactured until production ended in 2011.

    The retrograde perpetual calendar function is rarely deployed in Patek Philippe wristwatches, having only graced a handful of references in the modern era. Delicate applied Breguet numerals grace the dial with a classical elegance, and below the moonphase disc is the only hint that a beautifully executed tourbillon adds to the accuracy and significance of this watch. The movement of the 5016 comprises 506 painstakingly hand-finished components visible through the glazed caseback and stamped with the poinçon de Genève. Housed in a relatively compact 37mm case, the expansive layout and arched lugs allows for significant presence on the wrist without any hint of ostentatiousness. The minute repeater on this example has an exceptional tone – loud, perfectly timed, and sonorous – as good as one would expect from a top quality Patek Philippe minute repeater. This platinum 5016 is accompanied by all its original accessories, including its certificate of origin, second solid caseback and setting pin – a modern masterpiece that can be considered the crown 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.

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Ref. 5016P-010
An extremely rare and important platinum minute repeating perpetual calendar wristwatch with tourbillon, retrograde date, moon phase, Breguet numerals, additional hard caseback, setting pin, Certificate of Origin, and presentation box

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

$300,000 - 600,000 

Sold for $478,800

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Paul Boutros
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+1 212 940 1293

Racing Pulse

New York Auction 12 December 2020