Patek Philippe World Time Ref. 5110R-001

PatekPhilippe

Patek Philippe World Time Ref. 5110R-001

98% Verified

Market Estimate

~$38,500

Volatility
Low
Liquidity
High
Authenticity Risk
Monitor

Specifications

BrandPatekPhilippe
ModelPatek Philippe World Time Ref. 5110R-001
MovementAutomatic
Case Material18k Rose Gold
Production Year2003
GenderMen's
Accuracy98%
Rarity Score82/100
WatchIQ Score
89/ 100

Market Range

$32,725$44,275

Executive Overview

The Patek Philippe World Time Reference 5110R represents one of the most significant chapters in the modern history of horological complications. Launched in 2000 and produced until 2006, the 5110 marked the triumphant return of the 'Heures Universelles' complication to Patek Philippe’s regular production after a decades-long hiatus. This specific iteration in 18k rose gold (5110R) is highly coveted for its warmth and classical elegance, perfectly balancing the brand's heritage with the practical needs of the global traveler. The 5110 is distinguished by its 'guilloché' center dial, which features a fine basketweave pattern that catches the light with exceptional depth. Unlike its predecessors, the 5110 introduced a patented pusher system that allows the user to advance the local time, the city ring, and the 24-hour ring simultaneously with a single press, ensuring the watch remains synchronized across all zones. For collectors, the 5110R is often considered the 'goldilocks' of modern World Timers; at 37mm, it possesses the traditional proportions that many enthusiasts feel are lost in the larger subsequent references like the 5130 and 5230. It remains a cornerstone of any serious Patek Philippe collection, representing a bridge between the legendary vintage world timers designed by Louis Cottier and the high-tech manufacturing of the 21st century.

Technical Architecture

At the heart of the Reference 5110R lies the ultra-thin self-winding Caliber 240 HU (Heures Universelles). This movement is a marvel of micro-engineering, utilizing a 22k gold micro-rotor integrated into the plate to maintain a remarkably slim profile of just 3.88mm. This architectural choice allows the entire watch to sit elegantly low on the wrist, a hallmark of Patek Philippe's dress watch philosophy. The movement features 33 jewels, a Gyromax balance, and a Spiromax balance spring, hallmarked with the prestigious Geneva Seal (Poinçon de Genève), signifying the highest level of finishing and decorative technique. The case is crafted from solid 18k rose gold, featuring the signature curved, stepped lugs that provide a sophisticated silhouette. The dial architecture is multi-layered: a central hand-guilloché gold disc, surrounded by a rotating 24-hour ring divided into day (light) and night (dark) sectors, and an outermost city ring featuring 24 global locations. The crystal is a scratch-resistant sapphire, and the case back is also sapphire, allowing for an unobstructed view of the masterfully finished movement. Water resistance is rated to 30 meters, though the watch is strictly intended for formal and travel environments rather than aquatic use. The 5110R is traditionally paired with a hand-stitched alligator strap and a matching 18k rose gold Calatrava cross deployment clasp.

Historical Context

The history of the Patek Philippe World Time is inextricably linked to the independent watchmaker Louis Cottier, who in the 1930s developed the mechanism that allowed for the simultaneous reading of 24 time zones. Patek Philippe adopted this complication in legendary references such as the 1415 and the 2523, which today command millions of dollars at auction. Following the discontinuation of these models in the mid-20th century, the World Time complication was absent from the Patek Philippe catalog for nearly forty years. The introduction of the Reference 5110 at the Baselworld fair in 2000 was a watershed moment, signaling a revival of the brand’s dominance in the travel complication sector. It was the first World Timer to feature the ingenious pusher at 10 o'clock, a modern refinement over the dual-crown systems of the past. The 5110 was eventually succeeded by the 39.5mm Reference 5130 in 2006. Because it was the first of the modern era and maintained the classic 37mm size, the 5110 has gained a reputation as a 'modern vintage' piece, increasingly appreciated by purists who find the later models too large or the dial designs less harmonious than the original 5110 layout.

Market Intelligence

The market for the Patek Philippe 5110R is currently characterized by high stability and a growing appreciation among seasoned collectors. Historically, the 5110 was overshadowed by the more aggressive price surges of the Nautilus and Aquanaut lines. However, as the market shifts back toward 'neo-vintage' gold complications, the 5110 has seen a steady increase in demand. The 5110R (Rose Gold) typically commands a slight premium over the 5110G (White Gold) due to its classic aesthetic and the perceived warmth of the guilloché dial in this metal. Liquidity is remarkably high for this reference; as a 'blue chip' Patek Philippe complication, it is a staple of major auction houses and high-end secondary dealers, often selling within days of being listed. From an investment perspective, the 5110R offers a lower volatility profile than integrated-bracelet sport watches. While it may not see triple-digit percentage gains in a single year, its value retention is exceptional, and it serves as a reliable store of wealth. The relatively short production run of six years ensures that supply is finite, and as more collectors seek out the 37mm 'classic' size, the availability of mint-condition full-set examples continues to tighten, exerting upward pressure on secondary market pricing.

Volatility
Low
Liquidity
High
Authenticity Risk
Monitor

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Frequently Asked Questions

The Reference 5110R, introduced in 2000, marked the critical revival of the World Time complication for Patek Philippe after a multi-decade hiatus following the legendary Reference 2523. It debuted the patented pusher-based mechanism, which allowed the user to advance the hour hand, city ring, and 24-hour disc simultaneously without affecting the timekeeping accuracy. This specific rose gold iteration is highly regarded by collectors as the definitive modern execution of Louis Cottier’s original vision, bridging the gap between vintage proportions and contemporary mechanical reliability. It serves as the foundational blueprint for all subsequent Patek Philippe world time models.
Collectors often distinguish the 5110R from the later 5130 based on case diameter and dial aesthetics. The 5110R features a restrained 37mm case, which many enthusiasts believe offers superior balance and wearability compared to the 39.5mm 5130. Furthermore, the 5110R utilizes a tight, guilloché pattern in the center of the dial that is more subtle than the sunburst patterns found on later references. From an investment perspective, the 5110R is frequently favored for its 'neo-vintage' status, representing the era when Patek Philippe transitioned into modern production while maintaining traditional sizing and classic design language.
The Reference 5110R is positioned as a high-value asset due to its relatively short production run from 2000 to 2006 and its status as the first modern world timer from the manufacture. Its rarity score of 82 reflects a diminishing supply of well-preserved examples in the secondary market. As a complication that is synonymous with the Patek Philippe brand identity, the World Time series historically maintains strong price stability. The 5110R in rose gold is particularly sought after because the warm tone of the metal complements the intricate dial, making it a staple for those building a representative portfolio of the brand's mechanical milestones.
The 5110R-001 is designed for the discerning traveler or executive who values functional complications and understated luxury. Unlike larger contemporary sports watches, this model fits the profile of a sophisticated dress watch that offers global utility. It appeals to the 'purist' collector who prefers the 37mm proportions common in the late 20th century over the oversized trends of the 2010s. Because the caliber 240 HU is a micro-rotor movement, the watch maintains a slim profile that disappears under a shirt cuff, making it an ideal choice for formal environments where horological depth is appreciated over outward flash.