Lot 2296
  • 2296

Patek Philippe

Estimate
5,200,000 - 6,200,000 HKD
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Description

  • A SUPERB AND EXTREMELY RARE PLATINUM MINUTE REPEATING INSTANTANEOUS PERPETUAL CALENDAR TOURBILLON WRISTWATCH WITH LEAP YEAR AND DAY/NIGHT INDICATION, IN ORIGINAL SEAL REF 5207P-001 MVT 500XXXX CASE 457XXXX MADE IN 2013
  • diameter 41 mm
• cal. RTO 27 PS QI mechanical lever movement stamped with Patek Philippe seal, 35 jewels, minute repeating on two polished steel hammers onto two gongs, • 'honey gold' color dial, applied square and baton numerals, outer pearl minute track, apertures for day, date, month, leap year and day/night indications, subsidiary dial with aperture for moon phases combined with constant seconds • large platinum circular case, concave bezel, engraved patterns to the case sides, repeating slide in the band, snap-on sapphire crystal display back • case, dial and movement signed • with a platinum Patek Philippe buckle

Condition

Rare & Collectable!! The watch is in its original factory seal condition. Please note that the movement has not been tested for the accuracy of time keeping and a service might be required at the buyer's expense.**The strap of this wristwatch is made from an endangered species, please refer to important notices for further information**. In order to ship out of HK, the seal will need to be cut open and remove strap.
"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."

Catalogue Note

With a Patek Philippe special folder contaning Certificate of Origin dated 2013, instruction manual and specification of the movement.  Further with an extra solid case back, setting pin and a presentation box with outer packaging. 

Presented at the Basel fair in 2008, the ref. 5207 joined as an enrichment to the Patek Philippe’s Grande Complication family.   Featuring minute repeater, tourbillon and instantaneous perpetual calendar functions, it took the brand’s top caliber engineers five years to develop this new timepiece striving to advance mechanical functionality. 

Composed by 549 parts, the movement is developed based on the popular caliber R TO 27 PS which can be seen in the firm’s ref. 3939, but with the new perpetual-calendar module where two improvements to the complication were made. The month, day, date, and leap year are read in apertures rather than in the array of subsidiary dials which are more commonly seen in many models. Unlike conventional indicators that can take hours to register a new date, all displays of the perpetual calendar advance instantaneously and synchronously at midnight. This is an extremely challenging additional complication based on the flawless interaction of 212 individual parts.  The core of their invention is a mechanism consisting of levers and complex program cams for which two patent applications were filed. The other two main functions of the ref. 5207, the sonority of the minute repeater and the accuracy of the tourbillon are, needless to say, also highly praised by collectors.  The creation of this model is once again a testimony to the world that Patek Philippe is the most prominent watch brand continuing to produce rare and precious timepieces which are legacies to be handed down from one generation to the next.

Ranking 3rd most complicated wristwatch by Patek Philppe, the ref. 5207 is doubtlessly one of the most impossible timepieces to obtain.   Previously unknown to the market and offered for the first time publicly in sealed condition, this is only the third time this model has ever appeared in auction which will certainly crown a distinguished collection for many years to come.