Audemars Piguet CODE 11.59 Perpetual Calendar 26394OR vs Patek Philippe Grand Complications 5204P-011

SpecificationAudemars Piguet CODE 11.59 Perpetual Calendar 26394ORPatek Philippe Grand Complications 5204P-011
BrandAudemars PiguetPatek Philippe
CollectionCODE 11.59Grand Complications
Reference26394OR.OO.D321CR.015204P-011
CategoryPerpetual CalendarPerpetual Calendar
Movement TypeAutomaticManual
CaliberAP 5134Patek Philippe CHR 29-535 PS Q
Power Reserve40h65h
Frequency19,800 vph28,800 vph
Case Diameter41.0mm40.0mm
Case Thickness11.8mm14.2mm
Case Material18k Rose Gold950 Platinum
CrystalDouble-curved sapphireSapphire
Water Resistance30m / 98ft30m / 98ft
Weight95g130g
MSRP$86,900$520,000
Market Price$75,000$600,000

In-Depth Comparison

The Audemars Piguet CODE 11.59 Perpetual Calendar 26394OR and the Patek Philippe Grand Complications 5204P-011 represent two compelling options in the luxury watch market. Both timepieces have earned devoted followings among collectors and enthusiasts, but they approach horology from distinctly different perspectives. Let's break down how these two watches compare across the key dimensions that matter most to buyers.

Heritage And Brand Prestige

Audemars Piguet and Patek Philippe are both highly respected names in watchmaking. Both watches hail from Switzerland, benefiting from the region's deep horological tradition. This particular CODE 11.59 reference was introduced in 2019, while this Grand Complications reference debuted in 2012. The Audemars Piguet CODE 11.59 Perpetual Calendar 26394OR is the newer release, potentially featuring more modern technology and finishing.

Movement And Mechanics

At the heart of the Audemars Piguet CODE 11.59 Perpetual Calendar 26394OR beats the AP 5134 caliber offering a 40-hour power reserve running at 19,800 vph with 38 jewels. The Patek Philippe Grand Complications 5204P-011 is powered by the Patek Philippe CHR 29-535 PS Q with a 65-hour power reserve operating at 28,800 vph featuring 33 jewels. The Patek Philippe Grand Complications 5204P-011 wins on power reserve with a 25-hour advantage, which means less frequent winding for those who rotate watches.

Dimensions And Wearability

The Audemars Piguet CODE 11.59 Perpetual Calendar 26394OR features a 41.0mm case at 11.8mm thick with a 47.0mm lug-to-lug measurement, crafted in 18k Rose Gold. The Patek Philippe Grand Complications 5204P-011 comes in at 40.0mm and 14.2mm thick with 46.5mm lug-to-lug, constructed from 950 Platinum. The Patek Philippe Grand Complications 5204P-011 wears more compactly on the wrist, making it potentially more suitable for smaller wrists or those who prefer understated proportions. At 95g, the Audemars Piguet CODE 11.59 Perpetual Calendar 26394OR is the lighter of the two.

Materials And Construction

The Audemars Piguet CODE 11.59 Perpetual Calendar 26394OR uses a Double-curved sapphire crystal paired with a Fixed, octagonal within round case bezel, while the Patek Philippe Grand Complications 5204P-011 features Sapphire crystal with a Fixed, smooth bezel. On the wrist, the Audemars Piguet CODE 11.59 Perpetual Calendar 26394OR comes on a Blue alligator leather strap with AP folding clasp in rose gold, while the Patek Philippe Grand Complications 5204P-011 is fitted with Black alligator leather strap featuring Fold-over clasp in 950 platinum.

Water Resistance And Capability

The Audemars Piguet CODE 11.59 Perpetual Calendar 26394OR is rated to 30m / 98ft and the Patek Philippe Grand Complications 5204P-011 to 30m / 98ft. Both watches share the same water resistance rating, making them equally suited for aquatic activities.

Pricing And Value

At retail, the Audemars Piguet CODE 11.59 Perpetual Calendar 26394OR lists for $86,900 compared to $520,000 for the Patek Philippe Grand Complications 5204P-011. The Audemars Piguet CODE 11.59 Perpetual Calendar 26394OR is the more accessible option at MSRP, saving $433,100 at retail. On the secondary market, the Audemars Piguet CODE 11.59 Perpetual Calendar 26394OR trades around $75,000 while the Patek Philippe Grand Complications 5204P-011 commands approximately $600,000. The Patek Philippe Grand Complications 5204P-011 carries a 15% market premium.

The Verdict

Choosing between the Audemars Piguet CODE 11.59 Perpetual Calendar 26394OR and the Patek Philippe Grand Complications 5204P-011 ultimately comes down to personal priorities. For value-conscious buyers, the Audemars Piguet CODE 11.59 Perpetual Calendar 26394OR delivers excellent quality at a lower price point. for dress occasions and smaller wrists, the Patek Philippe Grand Complications 5204P-011 is more versatile. Both watches are exceptional timepieces that will serve their owner well for generations. We recommend trying both on the wrist at an authorized dealer before making your final decision, as comfort and emotional connection are ultimately just as important as specifications.