The complication that knows which years have a 29th of February.
A perpetual calendar carries a mechanical memory of the Gregorian calendar: month lengths, and the four-year leap cycle. Kept running, the 26574 will not need a date correction until the year 2100, when the calendar skips a leap year that the mechanism cannot know about.
Audemars Piguet lays it out across four subdials — day, date, month with leap year, and an astronomical moon — with the week of the year around the outer flange. It is a great deal of information on a 41 mm dial, and the Grande Tapisserie pattern underneath is what stops it reading like an instrument panel.
Putting this complication in a steel sports case is the part that mattered historically. Perpetual calendars belonged in gold on leather; the Royal Oak made one you could wear with a shirt and not think about, and that is still why people want this reference specifically.
- Perpetual calendar: no date correction needed until 2100
- Astronomical moon phase and week-of-year indication
- Calibre 5134, selfwinding, in a 41 mm steel case
- Blue Grande Tapisserie dial with applied white gold markers