Patek Philippe Tourbillon Minute Repeater Perpetual Calendar

About this reference

The Patek Philippe Reference 5016P-010 was produced between 1993 and 2011, serving as the brand's most complicated wristwatch until the release of the Sky Moon Tourbillon. This platinum reference features a 36.8mm case housing the manual-wind Caliber R TO 27 PS QR, which integrates a minute repeater, a tourbillon, and a perpetual calendar with a retrograde date hand and moon phase. Collectors prioritize the 5016P-010 for its black dial and Breguet numerals, a configuration that distinguishes it from earlier silver-dial versions. Production was limited, with estimates suggesting approximately 200 total units across all metals over eighteen years. On the secondary market, this reference typically commands prices between $450,000 and $700,000 depending on provenance and service history. A unique steel version, Reference 5016A-010, set a significant precedent by selling for 7.3 million CHF at the 2015 Only Watch auction.