Patek Philippe Golden Ellipse 5738R-001 Review
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Patek Philippe Golden Ellipse 5738R-001 Review

By quattro · May 17, 2026 · 31 replies
quattro
WPS member · Patek Philippe forum
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quattro's exploration of the Patek Philippe Golden Ellipse references 3738 and 5738 offers a timely look at a classic design, including the newer olive green models. His detailed wrist shots and personal reflections on size and movement preferences provide invaluable insights for collectors considering this distinctive timepiece. This article delves into the nuances that make the Golden Ellipse a compelling, yet often debated, choice among Patek Philippe enthusiasts.

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Last December, I had the opportunity to try on several Patek Philippe Golden Ellipse modelsreferences 3738 & 5738.

I started with the white gold model with a grey dial, ref. 3738/100G-012.



Gorgeous and very elegant on my smaller 16 cm wrist, but maybe just a little too small

Case dimensions: 31.1 x 35.6 x 5.9 mm.









Next, the rose gold model with a black dial, ref. 5738R-001.



It too is gorgeous and, even though it's slightly larger (34.5 x 39.5 x 5.9 mm) I really like it on my wrist.





Side by side: it was absolutely impossible for me to choose my favorite...













During the same session, I also tried on this ref. 3938/1, but it didn't appeal to me at all.









All three watches together.



And with my 5098P, which still had its grey strap at the time.



A little later, at the Patek Philippe Salon, I was able to try on the platinum 5738P-001.



It's incredibly gorgeous and, even though I'm not particularly drawn to blue dials, I fell in love with it at first sight.



But one little thing keeps bothering me...



... this watch has an automatic movement and, even though I admire the 240 caliber, an automatic watch isn't really me preference or what I'm looking for...



I've been thinking about it constantly ever since and I'm still stuck on this point: an automatic watch doesn't really appeal to me...



Shortly after, I was able to try on both the 3738/100G-012 and the 5738P-001.

This time, the 3738 had a black strap, not brown, which changes its appearance quite profoundly.











And, once again, I was won over by the platinum model.













This time, comparing them side by side, I felt a preference for the platinum 5738.





And now Patek Philippe has just released such a duo with a sunburst olive green dial and a shiny olive green calfskin strap.



Here's the ref. 3738/100G-014...



... and the ref. 5738G-001.



On the same man's wrist, the 3738 on top and the 5738 on the bottom...



... and on two different wrists, one female, the other male

I find it striking that the two watches appear to be the same size, when the small one is worn on a small wrist and the other on a larger one.



Two wrist shots of the 5738G-001.





As for the last one, I have my doubts: I would tend to think that it's a 3738, but Fratello is unfortunately not very clear on this point...


credit: Fratello (1 & 8), Kristian Haagen (2-4), Deployant (5), @alekswatches (6) & Swisswacthes Magazine (7)


In conclusion, I'd say I'm really struggling with the Golden Ellipse dilemma.

The model that made the strongest impression on me is the platinum one, ref. 5738P-001

And since its size doesn't bother me, it's probably the one I'd go for... if only it had a manual movement (which, I know, would mean a larger crown).

It might sound silly, but with its automatic movement, it doesn't appeal to me enough to consider acquiring it.

What are your thoughts about the size, the movement, the metal, the color?

Thanks for reading.

Best, Emmanuel

PS: The other Golden Ellipse model that impressed me greatly is the version with a rose gold bracelet, ref. 5738/1R-001

But unfortunately, it too has an automatic movement, of course.





About the Patek Philippe Ref. 3738

The Patek Philippe Golden Ellipse reference 3738 is a notable iteration within the Golden Ellipse collection, distinguished by its self-winding movement and adherence to the collection's distinctive elliptical case shape. This reference represents a modernization of the original Golden Ellipse concept, offering a contemporary yet classic interpretation of Patek Philippe's design philosophy. It is often recognized for its refined proportions and the integration of an automatic caliber, setting it apart from earlier manual-wind versions.

This reference typically features a case crafted from precious metals, with common variations in yellow gold, rose gold, white gold, and platinum. The case diameter is generally around 33mm by 38mm, maintaining the characteristic golden ratio proportions of the Ellipse. It houses a self-winding mechanical movement, specifically the Caliber 240, known for its ultra-thin profile and integrated micro-rotor, which contributes to the watch's slender silhouette. The watch is fitted with a sapphire crystal.

For collectors, the reference 3738 holds appeal as a sophisticated dress watch that embodies Patek Philippe's design heritage while offering the convenience of an automatic movement. It represents a significant period in the evolution of the Golden Ellipse, bridging earlier designs with later iterations. The various metal and dial configurations provide options for collectors seeking specific aesthetic preferences within this enduring model line.

Specifications

Caliber
240
Case
Yellow Gold, Rose Gold, White Gold, Platinum
Diameter
33mm x 38mm
Dial
Blue, Black, Grey, Gold
Water Resist.
30m
Crystal
Sapphire

Key Points from the Discussion

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The Discussion
DC
dcupsa
May 17, 2026

I understand your dilemma — I went through the same thing myself. For me, it came down to two things: the size and the metal/dial combination. On your wrist, the 57 definitely looks better. And in terms of aesthetics, the platinum with the blue dial ( the original) and, in my opinion, the nicest version. My own debate was between the rose gold with the black dial and the platinum with the blue dial, but in the end I decided on the platinum/blue since it feels more versatile and will probably bec

GL
GLau
May 17, 2026

rose gold IMO. You now have many shaped watches to pursue 😉👍

QU
quattro
May 17, 2026

I'm fully with you concerning the 5738P: it's the one which made the strongest impression on me, if I leave aside the fascinating 5738/1R-001 (with which I also fell in love)... But the automatic movement remains a determining factor for me, reducing the appeal of these watches (which I otherwise find wonderful). Best, Emmanuel

QU
quattro
May 17, 2026

But I keep getting stuck on the automatic movement, which doesn't appeal to me. But I should see this as an advantage because it means that the Golden Ellipse is ultimately not for me (one less model to pursue)! 😊🌸 Best, Emmanuel

TE
TeutonicCarFan
May 17, 2026

Is the white gold with grey dial. I also do like this green dial version as well.

QU
quattro
May 17, 2026

except that they all have an automatic movement and, therefore, don’t appeal to me as fully as I would like them to, unfortunately… Best, Emmanuel

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