Patek Philippe

• cal. 240-114 Q circular nickel lever movement stamped with the seal of Geneva, free-sprung Gyromax balance, 27 jewels, 22k eccentric micro-rotor engraved with the Calatrava cross, adjusted to heat, cold, isochronism, and 5 positions • silvered dial, applied gold Breguet numerals, gold Breguet hands, two engine-turned subsidiary dials indicating day combined with 24 hours, month combined with leap year indicator, aperture for moon-phases combined with date • 18k gold tonneau case with enlarged chamfered bezel, sapphire crystal display snap back • case, dial and movement signed • with an 18k gold Patek Philippe deployant clasp

The movement is running, however it may require service soon. It should be noted that the watch was not opened during cataloguing. The dial is very clean with no visible marks or spots. The case shows signs of wear with scuffs and scratches throughout. The strap of this wristwatch is made from an endangered species; please refer to Important Notices for further information.
"In response to your inquiry, we are pleased to provide you with a general report of the condition of the property described above. All dimensions in catalogue descriptions are approximate. Condition reports may not specify mechanical replacements or imperfections to the movement, case, dial, pendulum, separate base(s) or dome. Watches in water-resistant cases have been opened to examine movements but no warranties are made that the watches are currently water-resistant. Please note that we do not guarantee the authenticity of any individual component parts, such as wheels, hands, crowns, crystals, screws, bracelets and leather bands, since subsequent repairs and restoration work may have resulted in the replacement of original parts. Since we are not professional conservators or restorers, we urge you to consult with a restorer or conservator of your choice who will be better able to provide a detailed, professional report. Prospective buyers should inspect each lot to satisfy themselves as to condition and must understand that any statement made by Sotheby's is merely a subjective, qualified opinion. Prospective buyers should also refer to any Important Notices regarding this sale, which are printed in the Sale Catalogue. In particular, please note it is the purchaser's responsibility to comply with any applicable import and export matters, particularly in relation to lots incorporating materials from endangered species.NOTWITHSTANDING THIS REPORT OR ANY DISCUSSIONS CONCERNING A LOT, ALL LOTS ARE OFFERED AND SOLD AS IS" IN ACCORDANCE WITH THE CONDITIONS OF BUSINESS PRINTED IN THE SALE CATALOGUE."

**Please be advised that bands made of materials derived from endangered or otherwise protected species (i.e. alligator and crocodile) are not sold with the watches and are for display purposes only. We reserve the right to remove these bands prior to shipping.

Important Notice regarding importation into the United States of Rolex watches
Sotheby's cannot arrange for the delivery of Rolex watches to the United States because U.S. laws restricts the import of Rolex watches. The buyer or a designated agent may collect the property in the country of sale."

Accompanied by a Certificate of Origin dated January 17th, 2003 and an Extract from the Archives confirming production with nine applied Breguet numerals in 2002 and sale on March 14th of that year. Together with a Patek Philippe leather folder containing booklets, fitted winding presentation box, outer packaging, spare 18k gold solid case back and 18k gold setting pin.

Patek Philippe launched this model, Ref. 5040, in 1992. The present lot belongs to the first series of this model, which bear movements numbered 770000 and up. Examples belonging to the second series of Ref. 5040 have movements numbered 3120000 and up. The two series are also distinguished by the leap year indicator, which is fully sunken and 'crossed' in second series examples, and only sunken in the center on first series examples.

According to our research, approximately 200 second series examples of this model were produced in yellow gold, and of those, approximately 5 have come to public auction. To the best of our knowledge, this is the first time the present lot has been offered at auction.

For a similar example in yellow gold, see Huber, M. & Banbery, A., Patek Philippe Wristwatches, Second Edition, p. 295.