PATEK PHILIPPE | A WHITE GOLD PERPETUAL CALENDAR CHRONOGRAPH WRISTWATCH WITH REGISTERS, MOON-PHASES AND LEAP YEAR INDICATIONREF 5270G-001 MVT 5689489 CASE 4594084 CIRCA 2013

• cal. 29-535 manual winding movement stamped with the PP seal, 33 jewels • silvered dial, applied baton indexes, outer minute and 1/5 second track, 3 subsidiary dials indicating constant seconds, 30-minute register and date with moon-phases, 3 apertures for day, month, night/day and leap-year indication • 18k white gold case, chronograph pusher to the band, screw-down sapphire crystal display back • case, dial and movement signed • with an 18k white gold Patek Philippe folding clasp

The movement and all chronograph functions are in working condition at the time of cataloguing, the calendar functions are working properly. The watch is in excellent condition and has only been worn maybe once or twice with only one very minor ding to he bezel at 1 o'clock and light surface mark at 8 o'clock. The watch has only been worn only a handful of times. The case back is in good overall condition. The folding clasp with very minor surface wear. * Please note that the movement has not tested for the accuracy of time and may need service at the buyer's expense. Please note that Sotheby's does not guarantee the future working of the movement. **Please be advised that the bands on this watch are made of materials derived from endangered or otherwise protected 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."

Accompanied by a Patek Philippe Certificate of Origin, instruction manual, an interchangeable solid case back, a setting pin and presentation box.   During the 2011 Basel fair, Patek Philippe revamped its highly sought after perpetual chronograph collection by introducing the new reference 5270.  The launch of this reference marks a very important turning point in the history of Patek Philippe, as it is the first Patek Philippe’s perpetual chronograph wristwatch to compose of a 100% in-house designed and manufactured movement. With this being said, it is also marks the end of Patek Philippe’s dependence of adopting outsourced modified movements.

To the best of our knowledge, although the reference 5270 had a fairly short production time, there were already two formats of dial made.  The first variant can be distinguished by the railroad-type track to the outer ring and a slightly larger “Patek Philippe” signature in comparison to the reference 5970.  The second variant was introduced in 2013 and it is accompanied with a tachometer scale, railroad track to the subsidiary dials and a chin at 6 o’clock. Although the difference between both variants is diminutive, the first variant such as the present lot is a more desired choice among collectors. Many watch connoisseur also speculates that it would have a great investment value in the future as it had a shorter production time.