Patek Philippe - The New York Watch Auction: SIX New York Saturday, June 11, 2022 | Phillips

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  • Manufacturer: Patek Philippe
    Year: Circa 2001
    Reference No: 5016R-010
    Movement No: 1’905’057
    Case No: 4’117’804
    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. Additional dial and caseback also signed Patek Philippe with same movement and case numbers.
    Accessories: Accompanied by additional semi-gloss black diamond dial bearing the movement number 1’905’057, solid caseback, and original Patek Philippe Certificate of Origin dated November 20th 2001. Additionally accompanied by original receipt, chronometer certificate dated April 12th 2001, service invoice dated December 23rd 2004, additional Patek Philippe service receipt from 2013, product literature, leather wallet, and presentation box.

  • Catalogue Essay

    In 1989, Patek Philippe celebrated their 150th anniversary by launching a series of limited-edition timepieces as well as important complicated timepieces such as the Calibre 89 Ultra-Complication pocket watch and the minute repeating perpetual calendar reference 3974.

    Building off this momentum, in 1993 Patek Philippe decided to completely out-do themselves by combining the two grand complications of the ref. 3974 and adding the prestigious timekeeping complication: the tourbillon. While Patek Philippe had been a pioneer in the development of award-winning tourbillon-equipped escapements in observatory competition wristwatch movements, there had not yet been a tourbillon wristwatch produced in series until this exceptional reference was launched.

    These timepieces are mechanical works of art. Providing a functional purpose, it is an absolute joy to admire the intricacies and quality of their movements – which feature over 500 individual pieces, all hand-finished to perfection. The dial features a rare retrograde date sector, which Patek Philippe featured on a few select, future references including the 5050, 5059, 5159 and 5160. The minute repeating function has an exceptional tone, fullness, and cadence. Patek Philippe believes that a minute repeater should be an intimate experience for the wearer, loud enough to be heard by the wearer but not by any neighboring companions.

    The reference 5016 remained the most complicated wristwatch produced by the firm until Patek Philippe released the Sky Moon Tourbillon - the reference 5002 - in 2001. Produced in yellow, white, and rose gold, as well as platinum (and a unique piece for charity in stainless steel) the watches featured silvered or black dials with applied numerals matching the case color. It is believed that approximately 200 examples were manufactured until production ended in 2011.

    The studied eye will notice that this watch does not bear the classical silvered or argenté dial one would expect to find on a 5016R, but an anthracite dial. Furthermore, the watch comes with an additional, extremely rare semi-gloss black dial with diamond hour markers. Both bear the same movement number as on the original certificate - confirming their originality to the watch. Combined with the presence of a receipt from Patek Philippe of significant value accompanying the original documents, we believe the additional two dials were ordered especially for this watch to elevate an already outstanding and singular timepiece.

  • 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. 5016R-010
An extremely special, rare, and well-preserved pink gold perpetual calendar minute repeating tourbillon wristwatch with additional black diamond dial, retrograde date, moon phase, Breguet numerals, additional solid caseback, Certificate of Origin, and presentation boxes

Circa 2001
37mm Diameter
Case, dial, movement, and buckle signed. Additional dial and caseback also signed Patek Philippe with same movement and case numbers.

$300,000 - 600,000 

Sold for $840,700

Contact Specialist

Paul Boutros

Head of Watches, Americas

+1 (212) 940-1293


Isabella Proia

Head of Sale, New York

+1 (212) 940 1285

The New York Watch Auction: SIX

New York Auction 11-12 June 2022