Important Modern and Vintage Timepieces

New York, Dec 13, 2012

LOT 340

PATEK PHILIPPE REF. 5016 PLATINUM UNIQUE BLACK & RED DIAL Patek Philippe, Genève, No. 1905048, case No. 4090341, Ref. 5016P. Made in 1999, sold January 31st, 2001. 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 Extract of the Archives, Patek Philippe winding box, setting pin, and a leather folder with booklets.

USD 500,000 - 700,000

EUR 400,000 - 550,000

Sold: USD 722,500

C. Three-body, solid, polished, fl uted lugs, transparent case back, sapphire crystals. D. Black with applied white gold Breguet numerals, outer red minute track, subsidiary seconds dial, concentric retrograde red date graduation, apertures for the days of the week, the months, the leap year and the moon phases. White gold Breguet hands. M. 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. Dial, case and movement signed. Diam. 37 mm. Thickness 15 mm.


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Grading System
Grade:
Case: 1

As new
Movement: 1*

As new

Overhaul recommended, at buyer's expense
Dial: 1-01

As new

HANDS Original

Notes

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, features a black dial with applied white gold Breguet numerals that is further elevated by the beautiful rich red details as specifi ed on the Extract from the Archives. The outer minute track, the retrograde calendar, and the day & month apertures are all printed in a robust red color. It is a deeply striking variation that has never been seen on a 5016 before. Commissioned dials for any Patek Philippe are only available to the most dedicated and important clients, resulting in very few truly unique examples. This particular 5016P with red details is without question one of the most intriguing variations by the renowned fi rm. The movement was fully serviced by Patek Philippe in early 2012.