Patek Philippe 5038 (Pre-owned - Good) — USD 52,000 on eBay

The Patek Philippe Grand Complications reference 5038 is a perpetual calendar wristwatch, distinguished by its limited production and specific aesthetic characteristics. It is closely related to the reference 3940, sharing a similar overall design language but featuring distinct dial configurations and case materials that set it apart as a specific variant within Patek Philippe's perpetual calendar offerings. This reference represents a particular moment in the evolution of the brand's highly regarded perpetual calendar series. The 5038 is housed in a white gold case, typically measuring 36mm in diameter. It is powered by the self-winding Caliber 240 Q, a thin movement known for its micro-rotor construction and integrated perpetual calendar mechanism. This movement provides a power reserve of approximately 48 hours. The watch features a sapphire crystal on both the front and the display back, allowing for observation of the finely finished movement. This reference appeals to collectors seeking a perpetual calendar with a specific dial execution, often featuring Roman numerals, and its limited production numbers contribute to its desirability. It is considered a distinct, albeit related, alternative to the more widely produced 3940, offering a subtle variation in design for those who appreciate its particular details and rarity. The 5038G specifically refers to the white gold variant.