Patek Philippe Complications
18 % below RRP
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ℹ️ 1-month trend
Price change over the past 30 days. Shows the short-term market movement — relevant if you want to buy or sell soon.
ℹ️ 4-month trend
The central metric behind the momentum score. It filters out short-term swings and shows the true, medium-term market trend of this reference.
ℹ️ Volatility
Annualised price fluctuation. Below 10 % = very stable, 10–20 % = normal, above 20 % = volatile. With high volatility the price can change quickly — in both directions. Be cautious about buying without checking the current price.
ℹ️ Momentum score
ChronoCheck's own indicator from 0 to 100, calculated from the 4-month trend, volatility and market direction.
- Above 60 — Upward trend. Good time to sell, prices are rising.
- 40 – 60 — Neutral. Stable price level, no pressure to act.
- Below 40 — Downward trend. Wait or enter at a good price.
ℹ️ Investment Grade A/B/C/D
ChronoCheck's own rating for each reference. A 0–100 point scale, made up of four weighted components:
- Momentum (40 pts) — trend strength from the momentum score.
- Liquidity (25 pts) — number of active live listings.
- Stability (20 pts) — inverse volatility — the calmer, the better.
- Source robustness (15 pts) — number of independent market sources.
- A · 75+ Trend is right, liquidity good, data broad.
- B · 55–74 Solid, but one component weaker.
- C · 35–54 Average, volatility or market breadth weigh on it.
- D · below 35 Downward or too little data — a collector's piece.
Not investment advice. Pure data analysis from aggregated market sources.
The current market value of the Patek Philippe Complications (Ref. 5205R-011) is $70,752. Last sold at auction: $60,132 (Sotheby's, 09/2023).
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Technical data
Patek Philippe Ref. 5205R-011 — Variants and collector names
Known as: Olive Green Annual, Green Annual Calendar, PP Olive
The Patek Philippe Ref. 5205R-011 launched in 2021, giving the Annual Calendar family its first olive-green dial in rose gold. Forums and dealers quickly settled on a nickname for it: "Olive Green Annual," sometimes "Green Annual Calendar" or simply "PP Olive." Anyone searching by reference number often finds the right watch only after stumbling across these names first — a detail that matters when it comes to resale and price research.
## The caliber under the hood
The 5205R-011 runs on the automatic caliber 324 S QA LU 24H/206, packing date, day, month, and moon phase into a 40mm case in 18-karat rose gold. Power reserve comes in at 45 hours, with a case height of just under 8.5mm — a profile that feels remarkably slim on the wrist for a watch carrying four complications.
## What this means for market value
At ChronoCheck, we've tracked steady demand for olive-green dials on the secondhand market ever since the 2021 debut, since the color sets itself apart so clearly from the classic blue and black 5205R variants. Anyone buying or selling a 5205R-011 should search listings specifically for these collector terms — many private sellers skip the reference number entirely and simply write "Olive Annual Calendar." That's exactly the gap a market value analysis needs to close, by reading model name and nickname together.
Brand profile: Patek Philippe
Patek Philippe produces the world's most exclusive watches. Counterfeits are typically identifiable by their build quality — the genuine article sets standards that are nearly impossible to replicate.
- Dial embossing Nautilus: the genuine piece has 11 RAISED horizontal stripes with precise edges. 3D depth is visible under raking light. Flat stripes = fake.
- Case thickness Nautilus 5711: EXACTLY 8.3mm measured with calipers. Deviation of +0.5mm = fake with 7750 base or Miyota.
- Weight Nautilus 5711/1A: 131.4g ± 1g (with bracelet). >5g deviation = suspect.
- PP Seal on rotor (display back): the genuine Patek Philippe Seal features DEEP 3D engraving with sharp edges. Fake rotors have a shallow stamp.
Serial number format: Patek serial numbers: 6–7-digit number on the caseback. Complete archive held by Patek Philippe — an extract can be ordered.
Further sources
Buying guide: Patek Philippe Complications
What drives the price here
At $70,752 the watch sells well if the condition is right. A market rule of thumb: a complete set with box, papers and warranty card brings 10 to 15 percent more than the bare watch. Buying without papers can pay off, but you take the same discount again later when you resell.
Watch out for swings: This reference has an above-average volatility of 35.0 percent. In concrete terms: the price can move by several hundred euros within a few weeks. Check the current value before buying or selling — old listings or auction results from two months ago are of little help.
What to look out for when buying?
- Authenticity: The serial number and reference on the case must match the papers. A professional authenticity check of the Patek Philippe Complications reliably rules out counterfeits.
- Condition: Check scratches on the case and bezel — professional refurbishment can leave traces.
- Service history: A documented service by the manufacturer or a certified watchmaker increases the value.
- Scope of delivery: Box, papers and warranty card make a noticeable price difference on the Complications.
- Independent certification: The CPS-52 standard covers 52 checkpoints — from the serial number and the timing machine to water resistance. The result is secured on the blockchain and can be verified at any time.
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Interactive price analysis with momentum indicator and buy/sell signal.
Go to the market value tool →Auction results Patek Philippe Complications 5205R-011
Recent hammer prices for this reference from international auction houses:
| Price | House | Date |
|---|---|---|
| $60,132 | Sotheby's | 09/2023 |