Introduction
Patek Philippe is a brand that needs no introduction in the world of luxury watches. Renowned for its craftsmanship, innovation, and timeless designs, Patek Philippe has been setting the standard for high-end timepieces since its founding in 1839. One of the standout models in their collection is the Patek Philippe 5059P, a Grand Complications Perpetual Calendar watch that embodies the brand's commitment to excellence and precision. In this article, we will delve into the retail and market price, model specifications, and historical trends of the Patek Philippe 5059P.
Retail and Market Price
The retail price of the Patek Philippe 5059P varies depending on the region and the specific authorized retailer. As of the latest data, the retail price for a brand-new Patek Philippe 5059P is around $150,000 to $200,000. However, due to its high demand and limited availability, the market price for a pre-owned Patek Philippe 5059P can be significantly higher, often reaching upwards of $250,000 in auctions and secondary markets.
Model Specifications
The Patek Philippe 5059P is a stunning timepiece that combines traditional watchmaking techniques with modern innovation. Here are some key specifications of the Patek Philippe 5059P:
- Case Material: 18k white gold
- Case Diameter: 36 mm
- Movement: Mechanical, self-winding
- Complications: Perpetual calendar, retrograde date hand, moon phase display, day, month, leap year indicators
- Crystal: Sapphire crystal case back
- Water Resistance: 30 meters
- Bracelet/Strap: Alligator leather
- Dial: Opaline white with Breguet numerals
The Patek Philippe 5059P is a true masterpiece of horology, showcasing the brand's expertise in complications and attention to detail. The perpetual calendar function is highly regarded for its precision and reliability, making it a favorite among watch collectors and enthusiasts.
Historical Trends
The Patek Philippe 5059P is part of the Grand Complications collection, which has a long and storied history within the brand. Patek Philippe has been producing complicated timepieces since the 19th century, with a focus on creating watches that not only tell time but also offer additional functions and features.
The 5059P model was first introduced in the early 2000s and quickly gained a reputation for its technical prowess and elegant design. With its retrograde date hand, moon phase display, and perpetual calendar, the 5059P exemplifies the pinnacle of watchmaking artistry.
Over the years, the Patek Philippe 5059P has become a highly sought-after collector's item, with prices steadily increasing in the secondary market. The rarity of this model, combined with its intricate complications and exquisite craftsmanship, has cemented its status as a true horological gem.
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