From July 13 to July 23, 2017, Patek Philippe held a Watch Art Grand Exhibition at the Cipriani Building on 42nd Street in New York. On this occasion, the brand has launched nine limited edition watches, among which the heavyweights are two World Time Minute Repeaters with a limited edition of 5 pieces each. Ref. 5531R New York 2017 Special Edition.
The new Ref. 5531, which was just unveiled at a major New York watch art exhibition, took five years to develop and manufacture. It is Patek Philippe’s first watch model to integrate world time and minute repeater functions. While integrating these two complex functions, Patek Philippe successfully incorporated more important innovations. Generally, the world time minute repeater watch, even if the main body of the watch is on the other side of the world, it will only announce the home time, while Ref. 5531 always announces the local time.
To achieve this feat, Patek Philippe developed the new Calibre R 27 HU self-winding movement (assembled from 462 parts) and applied for a patent for its unprecedented design. The elegant 18K rose gold case is equipped with perforated lugs, 42 mm (4 to 10 o’clock) / 43.83 mm (3 to 9 o’clock), and the hand-patterned Patek Philippe signature Paris pattern.
Using filigree enamel, the center of the dial is adorned with the Manhattan skyline pattern, a tribute to New York City. The new World Time Minute Repeater Ref. 5531 New York 2017 Special Edition is divided into two models-Ref. 5531R-010 ‘New York Day’ and Ref. 5531R-011 ‘New York Night’, each limited to 5 pieces. All watches are equipped with a sapphire crystal case back and are engraved with ‘PATEK PHILIPPE NEW YORK 2017’ and a solid rose gold case engraved with the same words.
These watches will be available in the US market, with buyers selected and approved by Thierry Stern. It is reported that Patek Philippe’s new 18K rose gold World Time Minute Repeater Ref. 5531 New York 2017 Special Limited Edition is priced at US $ 561,341, equivalent to approximately RMB 3.8 million.