PATEK PHILIPPE | REF 5016PAN IMPORTANT PLATINUM MINUTE REPEATING PERPETUAL CALENDAR TOURBILLON WRISTWATCH WITH RETROGRADE DATE AND MOON PHASES MADE IN 2007

Dial: black, Breguet numeralsCaliber: RTO27 PS QR manual winding movement, 28 jewels, one minute tourbillon, two hammers repeating on two gongsMovement number: 1905137Case: platinum, snap on sapphire display backCase number: 4330465Closure: platinum Patek Philippe buckleDimensions: 38 mm diameterSigned: case, dial and movementAccessories: Patek Philippe presentation box with outer packaging, Certificate of Origin, Extract from the Archives confirming the date of sale on October 17, 2007 with white gold Breguet numerals, Republic and Canton of Geneva Chronometer Certificate, large leather portfolio with outer packaging, instructional pages

CASE Case in very good overall condition. DIAL Dial in excellent condition. MOVEMENT Chiming in phase. Calendar functions working properly. The crown and stem slide out of the movement if too much force is applied, this does not affect the winding or setting of the movement. The movement is running at time of cataloguing, however it was not tested for the accuracy of time or duration of the power reserve and may need service at the buyer's discretion. 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 (i.e. alligator and crocodile) and thus not sold with the watch, they are for display purposes only. We will remove these bands prior to international shipping.***
"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."

Produced in a limited series from 1994 to 2010, Patek Philippe's Ref. 5016 is a modern horological marvel, exemplifying the firm's engineering excellence. It combines the most highly prized functions including a tourbillon, minute repeater, perpetual calendar with retrograde date, and moon phases. Consisting of more than 500 miniscule parts within the renowned Calatrava case, the model once held the title of the most complicated Patek Philippe wristwatch ever produced. It was surpassed by the Ref. 5002 Sky Moon Tourbillon in 2001, followed by Ref. 5207 in 2008.   Within the heart of this masterpiece is cal. R TO 27 PS QR, a hand-wound movement with a tourbillon regulator which rotates on the same axis as the balance and fourth wheel.  This complicated configuration is situated at the back in order to minimize the exposure from daylight, and it therefore extends the longevity of the movement and oil. In addition to this complicated movement, Ref. 5016 houses a striking mechanism with superb craftsmanship, producing the chiming of the hours, quarters, and minutes with sublime resonance.