Securing yet another seven-figure sale, the exclusive Patek Philippe model makes headlines in the watch world.
It’s safe to say that all luxury watch collectors and enthusiasts agree that the most anticipated release of all time is the Patek Philippe Nautilus 5711/1A Tiffany & Co. Even before the surprising discontinuation of the iconic 5711 sports model, the first of the limited edition watches sold at auction for $6.5 million in December 2021 at a Phillips Auction event.
Being that only 170 examples were released to the world, Tiffany & Co. hand-selects each new owner based on factors. Now almost a year later, the Patek Philippe x Tiffany & Co. Nautilus is back in headlines as the first resold example makes its anticipated debut.
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With an original MSRP of $52,635, the auction house professionals at Christie’s Inc. were proud to feature an example of the watch during its Geneva event. The coveted Patek Philippe Nautilus was sold for an astonishing $3.22 million, which is over 6,000% over its original retail price.
Now the happy new owner joins others like Jay-Z, Mark Wahlberg, Ed Sheeran, and many more influential individuals who were lucky enough to secure the commemorative 170th anniversary release. With the exchange of the first resold Patek Philippe Nautilus 5711/1A Tiffany & Co. in the books, we are excited to see what the next example fetches. Check back into duPont REGISTRY for more upcoming luxury watch news and releases.
Source: Christie's Inc.