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The British watchmaker Thomas Mudge built the first working perpetual calendar pocket watch in 1762, and then watchmakers ignored the grueling complication until Patek Philippe executed one for a pocket watch in 1864 In 1898 the maison built the world's first compact perpetual calendar for a woman's pendant watch, and in 1925 - after wristwatches had become in vogue for men - Patek used the same compact movement inside the world's first perpetual calendar wristwatch, a one-off produced for a wealthy collector named Thomas Emery Where some brands today make a show of every possible complication of their perpetual calendars - and sometimes the movement itself via skeletonized dials - Patek continues to prioritize elegance over complexity, as is the brand's wont.
In 1951, Patek Philippe brought out the venerable 2499, a perpetual calendar with full chronograph function and a moon phase complication, and the successor to the famous 1518 We jump to 2008's 5207 because - despite the myriad perpetual calendars that came out before it - the 5207 features a patented perpetual calendar mechanism that jumps instantaneously, as well as a minute repeater, a moon phase, and a tourbillon The 5207's understated dial continues the stylistically conservative approach Patek has always taken with its perpetual calendars.
Patek may not make a lot of these watches, but they produce them right along with the rest of their catalog, thus continuing the spirit of the very first serially produced perpetual calendars from 1941. . Source