The Patek Philippe Annual Calendar Chronograph 5960P, a watch that effortlessly blends horological complexity with understated elegance, holds a coveted position in the world of luxury timepieces. Its platinum case, intricate complications, and limited production run contribute to its desirability and significant value both in the retail market and the secondary market. This article will delve deep into the specifications, historical trends, and pricing of this exceptional timepiece, comparing it to its less precious metal counterpart, the 5960.
Retail and Market Price:
The retail price of the Patek Philippe 5960P fluctuated throughout its production run, but generally commanded a premium over other models in the 5960 series. While precise historical retail figures are difficult to obtain definitively, due to variations in regional pricing and retailer markups, it's safe to say that the 5960P consistently held a price point significantly above its rose gold or steel counterparts. At its peak, the retail price likely exceeded $100,000 USD. This was, and continues to be, a reflection of the rarity of platinum as a material, the added manufacturing complexity, and the inherent prestige associated with Patek Philippe's top-tier offerings.
The market price, however, tells a different, albeit related, story. The secondary market for luxury watches, particularly those from prestigious manufacturers like Patek Philippe, is dynamic and influenced by several factors. These factors include overall market demand, the condition of the watch, box and papers availability, and even the prevailing economic climate. The 5960P, owing to its limited production and desirability, has consistently traded at a considerable premium over its retail price. Depending on condition and market fluctuations, pre-owned 5960P models can command prices well above $150,000 USD, and exceptional examples can even fetch significantly more. This illustrates the strong appreciation potential of this particular model. In contrast, the 5960 in other metals, while also appreciating in value, does so at a more moderate pace, reflecting its higher production numbers and potentially broader appeal.
The disparity between the retail and market price highlights the significant investment potential of the 5960P. This is a characteristic shared by many highly sought-after Patek Philippe models, reflecting the brand's reputation for quality, craftsmanship, and enduring value.
Model Specifications and Features:
The Patek Philippe Annual Calendar Chronograph 5960P showcases the brand's mastery of intricate watchmaking. Let's break down its key specifications:
* Case Material: Platinum (950) – This contributes significantly to the watch's weight and luxurious feel, also contributing to its higher price point compared to the rose gold or steel versions.
* Case Diameter: Approximately 40.5mm – A size considered versatile and suitable for a wide range of wrist sizes.
* Movement: Caliber CH 28-520 QA 24H – This self-winding movement is a marvel of engineering, seamlessly integrating the chronograph, annual calendar, and day/night indicator functions. Its intricate construction and finishing are hallmarks of Patek Philippe's dedication to haute horlogerie. The movement boasts a power reserve of approximately 55 hours.
* Functions:
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