SJX Watches
Hands On: Patek Philippe Ref. 5396R-016 Annual Calendar “Pink on Pink”
Patek Phillippe’s 2026 collection is diverse, but one of my favourites is paradoxically one of the least novel: the Annual Calendar Ref. 5396R-016 with a metallic “sand beige” dial and rose gold case. This is merely a new dial for a model that’s been in the collection for 20 years so it is not genuinely novel – though the movement has been upgraded and improved over that period – but it is appealing. The new ref. 5396R is handsome, and importantly, subtly evocative of vintage “pink on pink” watches, which pairs well with its traditional layout. Initial thoughts For anyone who likes old-school Patek Philippe design, the new ref. 5396R is likely the best looking annual calendar in Patek Philippe’s catalogue. Both the colour and style are classic with a capital “C”. Ironically, it is perhaps the least interesting because neither the design nor movement are new, but this illustrates the fact that the appeal of a watch is more than just intrinsic feature and specs. Good looks, however, come at a price. The new ref. 5396R costs CHF54,000, or about US$67,000. It’s expensive but not outrageously so compared to the competition. For example, it’s about 5% pricier than the recent Lange Saxonia Annual Calendar, which is a better watch in most tangible respects, but not quite as pretty as the Patek Philippe. The premium pricing reflects Patek Philippe’s privilege as it has both the status and history to price as it desires – which the brand deserves. But ...
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