A year after discontinuing the Nautilus reference 5711, Patek Philippe has brought back the beloved watch for a limited edition run, likely igniting a fever among collectors. Patek is making 170 pieces in a partnership with famed jeweler Tiffany & Co. to celebrate the 170 histories of collaboration between the two brands. The watches will feature a Tiffany blue dial and only be sold in three boutiques in New York, Beverly Hills, and San Francisco.
Back in January 0f 2021, Patek Philippe unexpectedly announced that it would no longer produce the Nautilus 5711, causing prices of pre-owned pieces to soar. The stainless steel model already sold for approximately $30,000, and the cessation of production saw auction prices for the 5711 climb into the six figures. What was a complex process to obtain the watch for all but a few buyers became next to impossible? The 5711 was created in 2006 and quickly became the most popular Patek model among buyers. Like other popular stainless steel models from Rolex and Audemars Piguet, the Nautilus became rare to find new at retail stores, and waiting lists spanned years.
How Limited Is The Patek Philippe 5711?
In addition to the Tiffany blue hued dial, the limited edition pieces will be stamped with both “Patek Philippe” and “Tiffany & Co.” at the 12 o’clock position. The case back will have an inscription that reads “170th Anniversary 1851-2021 Tiffany & Co. – Patek Philippe.” The CEO of Patek, Thierry Stern, also stated that he put a small surprise on the back of each piece for the buyers to discover on their own, and did not elaborate on what it could be.
Patek is leaving the decision of which clients get the opportunity to purchase the 170 watches up to the three individual Tiffany boutiques so there are sure to be many well heeled potential buyers who are wildly disappointed at not receiving a call. The chance to purchase one of the final 5711 watches is sure to generate floods of calls and visits to the boutiques to try and be one of the fortunate few.
How To Sell Your Patek Philippe?
Are you looking to sell your Patek Phillipe watch? Precision Watches & Jewelry is one of the largest buyers of vintage Patek Phillipe watches on the internet. Contact us at our Willow Grove, PA store at 215-343-4433 and view our pre-owned watch inventory here.
Precision Watches has been a specialist in the high-end watch market since 1991 with a particular focus on complicated movements. We sell luxury Swiss watches, jewelry, engagement, and bridal jewelry, and we are proud to be certified jewelers for the most prestigious brands in watchmaking. Precision Watches is a Rolex Authorized Dealer. We also are a certified service center and we perform all of our repair services on our premises. Our store is located in the Willow Grove Park Mall and we invite you to come to visit us in person or online to view our collection of new and pre-owned timepieces.
Whether you are looking for a Patek Phillippe or another manufacturer, Precision Watches will help you find the timepiece that is right for you.
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