Patek Philippe Gondolo Guide: 5124, 5200, 5135 and Ladies' References, Prices and Buying Checks

The Patek Philippe Gondolo is the brand's family of form watches: rectangular, tonneau and cushion cases in gold that take their name from Gondolo & Labouriau, the Rio de Janeiro retailer that sold Patek's "Chronometro Gondolo" watches from 1872 to 1927, and their design language from the Art Deco wristwatches Patek made in the 1920s and 1930s. The collection was launched in 1993 and today runs from the manual-wind rectangular 5124 and 5098, through the 8-day 5200G with day and date, to the tonneau Gondolo Calendario 5135 annual calendar and a range of ladies' references including the Serata 4962 and 4972 and the diamond-set 7041, 7042 and 7099. This guide covers the history, the references and their movements, how the Gondolo compares with the Golden Ellipse and Calatrava, dealer prices in 2026 and what to check before buying. Bizak & Co. sources the Gondolo to order; the Gondolo collection lists the configurations we can seek.

Last reviewed on September 21, 2026 by Filip Biczak. Prices are dated observations, not quotes.

What is the Patek Philippe Gondolo?

Between 1872 and 1927 Gondolo & Labouriau sold more Patek Philippe watches than any other retailer in the world, most of them through a subscription club in which members paid weekly instalments for a Chronometro Gondolo pocket watch and entered a lottery for early delivery. The name stayed in Patek's archive until 1993, when the company revived it for a collection of shaped wristwatches that drew on its own Art Deco output, when rectangular and tonneau cases were fashionable and Patek built some of its most admired dress watches. Unlike the round Calatrava, whose design rules were set in 1932, the Gondolo has no single template: it is a family defined by non-round cases, manual or automatic movements built to fit them, and a formal, jewellery-like finish. Every Gondolo is gold or platinum; there is no steel reference. Source: the Patek Philippe Gondolo collection page, which lists the current references and their specifications.

Patek Philippe Gondolo references compared

The Golden Ellipse collection page covers the other shaped Patek discussed in the comparison below.

5124: the rectangular Gondolo with small seconds

The 5124 is the reference that defines the modern men's Gondolo: a rectangular case with softly curved sides and a stepped bezel, a dial with applied Roman or Arabic numerals and a small seconds at 6, and the hand-wound calibre 215 PS, Patek's smallest manual movement, visible through a sapphire back. It came in white gold with a silvery dial (5124G-001), white gold with a blue dial (5124G-011) and yellow gold with a cream dial (5124J-001). At roughly 33 by 43 mm it sits between a Cartier Tank Louis and a Tank Americaine in presence, and because the calibre 215 is round, the movement occupies the centre of the case with the small seconds set well inside the dial. It is the Gondolo most buyers start with, and the yellow gold 5124J-001 was the least expensive men's Gondolo in our catalogue on 21 September 2026 at US$22,041.

5200G: the Gondolo 8 Days Day and Date

The 5200G, introduced in 2013, is the technical Gondolo: a rectangular movement, the calibre 28-20 REC 8J PS IRM C J, built specifically for the shape, with two barrels giving eight days of power reserve, a reserve indicator at 12, and the day and date in twin apertures. Patek fitted it with the Gyromax balance and Spiromax hairspring and a stop-seconds function, and the display back shows the long rectangular bridges. The white gold case is about 32.4 by 46.5 mm, taller than the 5124, and comes with a blue dial (5200G-001) or a silvery opaline dial (5200G-010). It is the only rectangular Patek with a calendar function and a long power reserve, which makes it a rational choice for someone who wears a dress watch a few days a week and does not want to reset a calendar each time.

5135 Gondolo Calendario: the tonneau annual calendar

The 5135, introduced in 2004, put Patek's annual calendar into a tonneau case with a two-tier construction and a dial with a large date at 12, day and month apertures, a moon phase and a 24-hour indication at 6, on the automatic calibre 324 S QA LU. It was made in white gold with a silvery or blue dial, yellow gold and rose gold, and although it has been out of the catalogue for some years it remains the reference buyers ask for when they want a Gondolo with a complication. The barrel-shaped case wears large for its width because the case follows the wrist, and the annual calendar needs correcting only once a year at the end of February. Our catalogue listed the 5135G-010, 5135J-001 and 5135R-001 at US$42,408 each on 21 September 2026.

Ladies' Gondolo: Serata 4962 and 4972, 7041, 7042 and 7099

Most of the Gondolo collection by number of references is for women. The Gondolo Serata 4962 and 4972 use a cushion case with a diamond-set bezel and a quartz movement, with the 4972 adding a mother of pearl dial and the 4972/1G a matching white gold bracelet. The 7041 is a small rectangular manual-wind watch with a cream Roman dial and a diamond-set case; the 7099 adds a guilloched pave diamond dial; and the 7042 is the haute joaillerie Gondolo with a fully pave dial and case in rose or white gold. Prices run from the low US$20,000s for a 7041 to well above US$300,000 for a 7042/100G, and the market for these is driven by the jewellery content rather than by the Gondolo name.

Gondolo vs Golden Ellipse vs Calatrava: which Patek dress watch?

The Gondolo is the least expensive way into a gold men's Patek and the only one of the three with a rectangular case; the Ellipse is the sculptural choice and the Calatrava the safe one. All three are watches to wear rather than to trade. The Golden Ellipse collection and the Calatrava collection list the alternatives.

How does the Gondolo wear?

Rectangular watches are measured by width, and at about 33 mm wide the 5124 reads like a 38 mm round watch on the wrist, with the 43 mm length keeping it well inside the wrist bones on anyone above about 16 cm (6.3 inches). The 5200G is 3.5 mm taller and noticeably more present, and the tonneau 5135 curves to follow the wrist and looks larger than its width suggests. All the men's references are thin, because manual movements and the ultra-flat 324 keep case height down, and they sit close to the wrist on their alligator straps with gold pin buckles. Gold cases with polished flanks and stepped bezels show wear at the corners first, which is worth remembering when inspecting a pre-owned example.

How much is a Patek Philippe Gondolo? Retail and dealer prices in 2026

• Retail. Patek's US list prices for the 5124 have sat in roughly the low-to-mid US$20,000s in recent years and the 5200G at roughly double that; the collection page linked above carries the current figures for whichever references remain in production. The Gondolo does not carry a waiting list at authorised dealers, so retail is a realistic route for the current references.
• Secondary market. Through 2025 and 2026 men's Gondolos have generally been asked at or below retail when pre-owned and around retail when unworn; discontinued references such as the 5135 and 5098 trade on condition and set rather than on scarcity. The ladies' diamond-set references are priced on their jewellery content.
• Bizak catalogue asks. On 21 September 2026 our sourced catalogue listed the 5124J-001 at US$22,041, a pre-owned 5124G-011 at US$23,915, the 5098R-001 at US$27,699, the 5200G-001 at US$40,169, a pre-owned 5200G-010 at US$51,336, the 5135 in white, yellow and rose gold at US$42,408, the Serata 4962/200R-001 at US$31,154 and 4972G-001 at US$36,112, the 4972/1G-001 on bracelet at US$59,399, the 7041R-001 from US$23,499, the 7099R-001 at US$59,327 and the 7042/100R-001 and 7042/100G-001 at US$193,542 and US$325,499, all sourced to order.

Those figures describe what we saw and will move. Ask for a dated quote for the exact reference, metal and set; our Patek Philippe price guide explains how the brand's dress watches are priced against its sports models.

Buying a Gondolo: what to check

• Certificate of Origin. The certificate should carry the dealer stamp, sale date and case and movement numbers that match the watch; Patek does not reissue certificates. For a discontinued 5135 or 5098 an Extract from the Archives can confirm the numbers and sale date.
• Case corners. Rectangular and tonneau gold cases show polishing at the corners and along the stepped bezel first; look for crisp edges and an even brushed or polished finish on the flanks.
• Crystal. Shaped sapphire crystals are expensive to replace; check the edges for chips where the crystal meets the bezel.
• Movement. On the 5124 and 5200G, wind fully and check the reserve; the 5200G should run a full eight days and its indicator should fall smoothly. On the 5135, ask to see the calendar advance through the correctors.
• Dial. Applied numerals should be undamaged and lacquer or opaline dials free of hairlines; on diamond-set references confirm the stones are original Patek setting, not later additions.
• Strap and buckle. The pin buckle should be Patek's and in the case metal; shaped straps for the tonneau 5135 are model-specific and worth confirming.
• Service history. Ask for the last service receipt; a manual movement more than eight to ten years from service should be priced with a service in mind.
• Price against the band. A 5200G offered well under the pre-owned range is the single most reliable warning sign.

Our authentication process describes what we inspect before dispatch, and our Patek Philippe authentication guide goes deeper on papers and extracts; for vintage Chronometro Gondolo pocket watches, the auction houses are the reference market.

Quick answers

How much is a Patek Philippe Gondolo?

Patek's US list price for the rectangular 5124 has sat in roughly the low-to-mid US$20,000s in recent years and the 8-day 5200G at about double that. Bizak's sourced catalogue listed the 5124J-001 at US$22,041, the 5200G-001 at US$40,169 and the 5135 at US$42,408 on 21 September 2026.

Why is it called the Gondolo?

After Gondolo & Labouriau, the Rio de Janeiro retailer that sold Patek Philippe's Chronometro Gondolo watches from 1872 to 1927. Patek revived the name in 1993 for its collection of shaped, Art Deco-inspired wristwatches.

What movement is in the Gondolo 5124?

The hand-wound calibre 215 PS with small seconds, Patek's smallest manual movement, visible through a sapphire display back.

What is the Patek Philippe Gondolo 5200?

The Gondolo 8 Days Day and Date, introduced in 2013: a rectangular white gold watch with a purpose-built rectangular manual movement, two barrels for eight days of power reserve, a reserve indicator and day and date apertures.

Is the Gondolo available in steel?

No. Every Gondolo is made in gold or platinum; the men's references are white, yellow or rose gold and many ladies' references are diamond-set.

Request a Patek Philippe Gondolo sourcing quote

Tell us the reference, metal, dial, whether the certificate and full set are required, plus your budget and timing, through our sourcing enquiry form. We confirm the specific watch, photographs, certificate and final price before you commit. Catalogue entries: Gondolo 5124J-001, Gondolo 5124G-011 pre-owned, Gondolo 8 Days 5200G-001, Gondolo Calendario 5135G-010, Gondolo Serata 4962/200R-001; browse the Gondolo collection, the Patek Philippe collection, or sell or trade your Patek Philippe.

Related reading: Patek Philippe price guide · Patek Philippe authentication guide · Nautilus 5726 guide · Aquanaut 5167 guide.