In 2000, Patek Philippe released a modern incarnation of the world time feature with the introduction of reference 5110. The present wall clock was part of a series distributed to Patek Philippe's most distinguished retailers as marketing support for the launch. These clocks were produced for Patek Philippe by the Swiss company Inducta, specialised among others in the manufacture of display clocks.

The present example is a nearly unique opportunity for the Patek Philippe collector to own what is, literally, the "greatest" world time watch.

Patek Philippe’s World Time watches are among the most distinguished creations of the revered firm. Invented in 1930 by the celebrated Louis Cottier and offered to Patek Philippe, the ingenious concentric rings mechanism allows for immediate knowledge of the time in every time zone of the world at a glance. Cottier's ingenuity resulted in the company's now revered classic references 1415 HU and 2523. In 1959, Patek Philippe obtained a patent for Cottier's device (Swiss Patent No. 340 191). The company further developed the movement, introducing calibre 240 HU in 1999.