Patek Philippe Rare Handcraft 5738/50R-023 White Peacock Dial 27.5mm

SKU: 5738/50R-023

 537,830

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Product details

The Patek Philippe Rare Handcraft 5738/50R-023 White Peacock is a rose-gold Golden Ellipse with a cloisonné enamel and hand-engraved peacock dial, Caliber 240 automatic movement, and shiny pink alligator strap. It suits collectors who prefer soft rare handcraft detail over everyday practicality.

Brand

PATEK PHILIPPE

Case Diameter

27.5mm

Dial

White Peacock Dial

Gender

Women

Model

Rare Handcrafts

Description

The Patek Philippe Rare Handcraft 5738/50R-023 White Peacock is one of the softer-looking Rare Handcraft Golden Ellipse references, but it is not a plain or understated watch. The dial is built around a white peacock, where the interest comes from feather structure, enamel layering, and subtle movement rather than strong color contrast.

The rose-gold case and shiny pink alligator strap make the watch warmer and more delicate than the white-gold Blue Peacock version. It suits a collector who wants rare handcraft detail with a lighter visual mood, not someone looking for a simple daily dress watch.

Detail Specification
Brand Patek Philippe
Model White Peacock
Reference 5738/50R-023
Collection Rare Handcraft / Golden Ellipse
Dial Cloisonné enamel + hand-engraving
Case Rose gold
Production Limited to 10 pieces

White Feather Detail

The White Peacock dial is not designed to impress through bright color. Its appeal is in restraint. The feathers, eyespots, and soft tonal shifts create a dial that reveals itself gradually. In indoor light, the watch can look calm and pale, with the rose-gold case doing much of the visual work. Under stronger lighting, the enamel and hand-engraved feather reflections become more noticeable.

This is important because photos may make the dial look flatter than it actually is. The official details explain why: the dial uses about 63.5cm of gold wire to trace the feathers and ocelli, with 21 enamel shades and hand-engraving to create iridescent movement. Each dial required 11 to 12 firings at 800°C to 850°C.

Rose Gold Softness

Rose gold is the correct metal for this configuration. White gold would make the white peacock feel colder and more graphic. Rose gold gives warmth to the pale enamel work and makes the watch feel more wearable on the wrist. It also connects naturally with the shiny pink strap, which is not a neutral choice but does suit the theme.

The compromise is clear. This is not the most versatile Golden Ellipse. The rose-gold and pink combination gives the watch a very specific personality. It will suit formal dressing, private occasions, and collectors who enjoy softer tones. It may not work for someone who wants a more restrained black-strap dress watch.

Ellipse On Wrist

The 5738 case is slim, but it does not wear like a tiny watch. The case measures 34.5 × 39.5mm, so the elliptical form gives it more horizontal presence than a round 34.5mm case. The 6.58mm thickness keeps it elegant and easy under a cuff.

This reference will feel best on buyers who already appreciate dress-watch proportions. If someone is used to heavy sports watches, the White Peacock may feel delicate at first. But that is part of the design. The watch is not trying to feel powerful or technical. It is refined, light in profile, and focused almost entirely on the dial.

Pink Strap Character

The shiny pink alligator strap is one of the boldest parts of this reference. It supports the pale peacock dial and rose-gold case, but it also makes the watch less universal. A gray or brown strap would make the piece easier to wear, but it would reduce the original softness of the configuration.

This matters for ownership. The buyer should like the full composition, not only the dial. The strap is part of the identity of the Patek Philippe Rare Handcraft 5738/50R-023 White Peacock. It makes the watch more distinctive, but also more selective.

Careful Collector Use

This is not a hard daily watch. The case is humidity- and dust-protected only, not water-resistant. It should be kept away from rain, sinks, pools, and rough travel conditions.

That does not make it unusable. It simply means the watch belongs in a collection where other pieces handle daily wear. The White Peacock is better for controlled use: formal settings, collector meetings, private dinners, and occasions where the dial can be appreciated closely.

Movement Behind Dial

The Caliber 240 is a sensible choice because it keeps the case very thin. It is an ultra-thin self-winding movement with a minimum 48-hour power reserve. The watch displays only hours and minutes, which is exactly right for this dial. A date window would interrupt the feather composition and reduce the clean visual effect.

The solid case back also fits the concept. This reference is not movement-led. Its value is in the front: the enamel work, the hand-engraved feather detail, and the way the rose-gold Golden Ellipse case frames the peacock without making the watch oversized.

Feature 5738/50R-023 White Peacock 5738/50G-041 Blue Peacock
Theme White peacock Blue peacock
Case Rose gold White gold
Enamel Shades 21 shades 30 colors
Gold Wire About 63.5cm About 69.4cm
Movement Caliber 240 Caliber 240
Character Soft, warm, pale Cooler, brighter, stronger

Who Should Consider It?

The Patek Philippe Rare Handcraft 5738/50R-023 White Peacock suits a collector who wants rare enamel work in a softer, warmer configuration. It is not for someone who wants maximum versatility, strong water resistance, or a sharp masculine dress-watch look. It is specific, delicate, and carefully balanced. For the right buyer, that is exactly the appeal.

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Risk Passport

Market Risk Snapshot

A product-level risk estimate based on model demand, liquidity, price sensitivity and secondary-market behaviour.

Model profile
Risk Index Secondary-market buying signal
56 Risk / 100
High Risk

This watch currently reads as high risk based on demand, price and resale profile.

Liquidity Healthy but selective demand
Price Behaviour Stable but condition-sensitive
Best Buyer Fit General luxury-watch buyer
Buying Note Compare similar references and avoid overpaying for weak set condition.

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