Patek Philippe Nautilus 5711/1R 2021 NEW Caliber like new ITA for £139,687 for sale from a Trusted Seller on Chrono24 (2024)

FAQs

How much is the Nautilus 5711 1R retail price? ›

The Patek Philippe Nautilus 5711/1A has a last known retail price of $34,890 and trades for $89,405 on the pre-owned market. Expect to pay 15% more when buying from a secondary market dealer.

The Rose Gold Patek Philippe Nautilus 5711/1R — Now Discontinued. This brown-dialed beauty is no more! The year 2021 saw many significant changes come to the watch industry. Not many of them, however, felt quite as significant as Patek Philippe announcing that the 5711 Nautilus would be discontinued.

It's estimated that for a Patek Philippe Nautilus, you could be on a wait time for around (drumroll please) 5 to 8 years. In some instances, you may be even watch-gazing for up to a decade. This is down to a number of different factors including; Brand exclusivity.

Patek Philippe vs Other Popular Watch Brand Investments

Patek Philippe watches, such as the Nautilus or Grand Complications, often appreciate in value significantly, owing to their rarity and complex craftsmanship.

Production spans some 246 different models. That means that no single model is likely made in great quantities. As a result, there is a real sense of scarcity. Particularly for popular models like the Nautilus Ref 5711/1A.

Accordingly, Patek Philippe decided to shut down production of the Nautilus because it knew the steel watch's popularity was a bubble, and that by feeding its growth, the company would just be contributing to the damage caused by an eventual burst.

5711P stands tall as one of the most coveted peaks for collectors to summit. For years after it became available, the platinum Patek Philippe Nautilus Ref. 5711 was almost totally unknown to the wider horological community.

Patek Philippe Nautilus watches are extremely difficult to obtain from an authorized dealer. Most of these dealers will have lengthy waiting lists and they may check potential buyers to determine whether they are good candidates to sell to. For this reason, many people turn to grey market dealers instead.

But, as with all things luxurious and exclusive, buying a Patek Philippe is not as simple as just walking into a boutique and picking one off the shelf. With such a low production number, competition for the most popular models is extremely fierce, and you will most likely have to work to get your hands on one.

Are Patek Philippe overpriced? ›

So, why is Patek Philippe so expensive? It's a combination of craftsmanship, heritage, exclusivity, and the brand's revered reputation. Each Patek Philippe watch represents a timeless masterpiece that transcends the concept of timekeeping, making it a true symbol of luxury.

The Patek Philippe Nautilus waitlist is currently around 5 to 8 years.

The first of the limited edition Patek Philippe Tiffany was sold at an auction for $6.5 million, 120 times more than its retail price of $52,000. Earlier this year, in January 2022, the watch was discontinued by Patek Philippe, which increased its value.

The last 5711 ever, sold at Phillips, went for an astounding US$6,500,000 after buyer's premium. In the weeks after, we saw mega-collectors and celebrities such as Jay-Z, LeBron James and Leonardo DiCaprio wearing Tiffany 5711s. It was, and in some ways remains, the ultimate status symbol.