Important Modern & Vintage Timepieces

Geneva, May 11, 2014

LOT 292

PATEK PHILIPPE REF. 5016 PLATINUM Patek Philippe, Genève, No. 1905122, case No. 4362993, Ref. 5016P. Sold on July 3rd, 2007. Extremely fine, unique and important, astronomic, minute- repeating, platinum wristwatch with one-minute tourbillon regulator, retrograde perpetual calendar, moon phases, and a platinum Patek Philippe buckle. Accompanied by the certificate of origin, COSC, original Patek Philippe box, extra platinum caseback, setting pin, and a leather folder with instructions.

CHF 600,000 - 800,000

HKD 5,300,000 - 7,000,000 / USD 680,000 - 906,000

Sold: CHF 663,750

Three-body, solid, polished, fl uted lugs, transparent case back, sapphire crystals. Black with applied white gold Breguet numerals, outer minute track, subsidiary seconds dial, concentric retrograde date graduation, apertures for the days of the week, the months, the leap year and the moon phases. White gold Breguet hands. Cal. RTO 27 PS-QR, stamped with the Seal of Geneva quality mark, rhodium-plated, fausses cotes decoration, 28 jewels, lateral lever escapement with one-minute tourbillon regulator with polished steel cage and 3 equidistant arms, Gyromax balance adjusted to heat, cold, isochronism and 5 positions, self-compensating free-sprung Breguet balance spring, repeating on gongs by activating a platinum slide on the band.


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Grading System
Grade:
Case: 2

Very good
Movement: 1

As new
Dial: 1-01

As new

HANDS Original

Notes

Dial, case and movement signed. DIAM. 37 mm. THICKNESS 15 mm. Introduced in 1993, the iconic Patek Philippe reference 5016 was the most complicated wristwatch in production until Patek debuted reference 5002, the Sky Moon Tourbillon, in 2001. Patek Philippe's 2009-2010 Collection booklet describes the now discontinued reference 5016 as follows: "Its classic Calatrava case in yellow, rose or white gold or platinum unites the complications most highly prized by those with a passion for exceptional watches: the tourbillon, the minute repeater and the perpetual calendar - completed with a retrograde date hand and a moon phase display. The movement making this masterpiece possible comprises 506 parts." The present lot, cased in platinum, featuring a black dial has to be one of the real classics. According to our research this is only the third example in platinum with a black dial to appear on the auction market.