Introduction
While they might have a deep-rooted history in watchmaking Patek Philippe’s first-ever Régulateur timepiece was indeed the ref. 5235G. Released in 2012, the Patek Philippe Complications Annual Calendar Regulator ref. 5235G featured a stunningly legible and beautifully symmetrical Regulator layout, as its name suggests. With a classy design and connections to watchmaking's roots, the ref. 5235G was, indeed, a home run. Made of 18kt white gold it features a two-tone silver and white dial with a central minutes hand, a pair of sunken subdials at 12 o'clock and 6 o’clock to display the hours and the seconds, respectively. Furthermore, it boasts an annual calendar complication which displays the day, month and date at 10, 2 and 6 o'clock, respectively. Featuring an almost-entirely polished construction, it boasts a flat gently angled bezel with a small step out to its brushed mid-case and sharp faceted lugs that provide a close wearing experience, as the watch wears flat to wrist. Powered by the automatic cal. 31‑260 REG QA, the ref. 5235G displays some wonderful watchmaking craftsmanship behind its exhibition caseback across its numerous surfaces, bridges, gears and micro-rotor.
Loupe This Scorecard
Grade
M 8.5
Status
Vetted & Approved
Included
Box and Papers
Est. value range
$30,000 – $40,000
The Details
Brand
PATEK PHILIPPE
Dimensions
40.5mm x 10mm
Model
Complications Annual Calendar Regulator
Movement
Automatic cal. 31‑260 REG QA
Reference
5235G
Bracelet
Leather strap
Year
2017
Condition
Excellent
Material
18kt white gold
Included
Watch, box and papers
Dial Color
Silver and white

THE DIAL
Featuring a two-tone silver and white regulator display, the ref. 5235G boasts a singular central minutes hand, a subdial at 12 o'clock to display the hours and a subdial at 6 o'clock to display the seconds, with its annual calendar displaying the day, month and date at 10, 2 and 6 o'clock, respectively.

THE CONSTRUCTION
Made of 18kt white gold, the ref. 5235G boasts a flat polished bezel with a small step out to the mid-case and sharp faceted lugs that provide a close wearing experience, as the watch wears flat to wrist.

TIMING MACHINE READOUT
The regulator style movement of this watch is not compatible with the timing machine we use. It is ticking at time of cataloging and appears to keep time.
Condition
Watch is in excellent condition. Case retains sharp edges and appears unpolished, but the surfaces exhibit significant surface scratches.
Please Note: Due to CITES considerations, if the watch is to be shipped outside of the USA, the exotic skin strap will have to be removed.
Our Perspective
A wonderfully engineered watch that intelligently expands upon Patek's horological footprint as their first-ever regulator reference, the ref. 5235 is a beautifully executed timepiece, and the ref. 5235g is as stunning as one would expect from Patek with its two-tone monochromatic dial and stunning 18kt white gold case.