Patek Philippe - TOKI: Watch Auction Hong Kong Friday, November 22, 2024 | Phillips
  • Condition Report

  • Description

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  • Manufacturer: Patek Philippe
    Year: 1994
    Reference No: 5016
    Movement No: 1’905’010; Grey dial: 1’905’068
    Case No: 2’962’716
    Material: Platinum
    Calibre: Manual, cal. RTO 27 PS QR, 28 jewels
    Bracelet/Strap: Leather
    Clasp/Buckle: Platinum Patek Philippe pin buckle
    Dimensions: 37mm diameter
    Signed: Case, dial, movement and buckle signed
    Accessories: Accompanied by Patek Philippe Certificate of Origin stamped Beyer Chronometrie Zürich, dated 23 November 1994, service invoice, instruction manual, product literature, leather folio, additional grey Roman numerals dial, setting pin, key, presentation box, outer packaging and slipcase. Further delivered with the Patek Philippe Extract from the Archives confirming the date of manufacture of the present timepiece in 1994 with an opaline silvered dial, applied white gold Breguet numerals, beaded minute circle and its subsequent date of sale on 27th October 1994.

  • Catalogue Essay

    One of the great classics of Grand Complications made by Patek Philippe, the ref. 5016 unites in its Calatrava-style case three of the complications most revered by devotees of exceptional timepieces: the tourbillon, the minute repeater and the perpetual calendar with moon phases display. Released in 1993, the ref. 5016 was the most complicated watch produced by the firm until they released the Sky Moon Tourbillon ref. 5002 in 2001.

    Produced in yellow gold, white gold, pink gold, as well as platinum (present example), it is believed that approximately 90 examples of the ref. 5016 in platinum were manufactured until production ended in 2011. Drawing inspiration from the legendary ref. 2499, the case proportions exude restrained refinement. Fitted with either silvered or black dials, each bearing an individual movement number printed below the moon phase to echo observatory chronometer pocket watches of the past. A beautifully executed tourbillon visible through the sapphire caseback captivates the eye with its unique wheel shaped like a watchmaker's tool.

    Apart from its aesthetic appeal, when it comes to Patek Philippe minute repeater cases, none is more prestigious than ones bearing the “JHP” makers mark - crisply preserved underneath the lower right lug of the present watch. Collectors can be assured of the sublime chimes that come from a Jean-Pierre Hagmann case, made only for early productions of the ref. 5016. According to our research, only a handful of this reference with a Hagmann case in platinum have appeared at auction. Bearing movement number 1’950’010, the present timepiece is the 11th example produced by the manufacturer, as the production of this reference began with movement number 1’950’000.

    Most interestingly, the watch is accompanied with a previously unknown grey Roman numerals dial – the only known example of this configuration that have appeared on the market. It is speculated that a previous owner purchased this dial from a collector who ordered this special dial as an additional dial for their ref. 5016 with movement number 1’950’068. Commissioned dials are exceptionally rare and made only at the request of Patek Philippe’s most important clients.

    Undeniably elegant and understated, this platinum ref. 5016 has been kept in the same collection since 2009.

  • 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 of a Japanese Collector

99

Ref. 5016
An exceedingly rare, important and special platinum minute repeating perpetual calendar tourbillon wristwatch with retrograde date, small seconds, moon phases, leap year indication, silvered Breguet numerals dial, Certificate of Origin, presentation box and additional grey dial with Roman numerals

1994
37mm diameter
Case, dial, movement and buckle signed

Estimate
HK$3,500,000 - 5,000,000 
€414,000-592,000
$449,000-641,000

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Contact Specialist

Thomas Perazzi
Head of Watches, Asia
+852 2318 2030
WatchesHK@phillips.com

Gertrude Wong
Head of Sale, Hong Kong
+852 2318 2045
gertrudewong@phillips.com

TOKI: Watch Auction

Hong Kong Auction 22 November