Phillips Breaks Information with the First Patek Philippe Nautilus 5711/1A-018 Tiffany Offered for $6.5 Million

In case you’re a recurring reader of MONOCHROME or just in case you’re a watch fanatic, you’ll be able to’t have missed the piece of reports that dropped final Monday. Certainly, Patek Philippe and its long-time retail accomplice Tiffany (now owned by LVMH… therefore the emblem on the again) launched a extremely mentioned version of the Nautilus 5711 with a Tiffany-Blue dial. Launched for the a hundred and seventieth anniversary of the NY-based jeweller, the watch can be produced in 170 items and is, certainly, probably the most sought-after timepiece of the hour. And also you doubt it, the primary of the fashions has simply been auctioned by Phillips for a charity trigger and it reached an INSANE value of USD 6,503,500 (with charges) making it by far the report for a Nautilus 5711.

Moreover the slightly questionable color of the dial – which definitely is smart for Tiffany however isn’t appreciated by all – probably the most debated ingredient of this watch truly needed to do with earlier statements and the olive inexperienced mannequin. Certainly, when Patek Philippe launched the olive inexperienced version, underneath the reference 5711/1A-014 in April this 12 months, it was one way or the other introduced to be the final of the Nautilus 5711, a watch produced for a 12 months, supposed to have a good time the top of this mannequin launched in 2006 and a sequel to what’s coming in 2022. However, it wasn’t the final of the 5711. This title, towards all odds, goes to this watch, the 5711/1A-018.

This Tiffany-Blue Patek Philippe Nautilus 5711 is generally differentiated by its dial, taking over the signature color of the retailer. It’s also that includes black-gold utilized indexes, arms and date body and a commemorative stamping on the again, with the LVMH emblem – which was the reason for many jokes on social media. When the watch was launched final Monday, it was additionally introduced that the primary mannequin could be auctioned by Phillips throughout its New York watch public sale with proceeds benefiting The Nature Conservancy, a worldwide environmental group.

Now, everyone knows the scenario relating to the worth of the Nautilus 5711. A basic blue dial model, a watch that retailed for about USD 30,000, is now price properly over USD 100,000 on the second-hand market. As for the present mannequin (nearly not) accessible, the olive inexperienced 5711/1A-014, the retail value is round USD 35,000 however the few accessible watches are listed properly above the USD 400,000 mark, with an instance not too long ago auctioned at EUR 416,000 (with charges). Figuring out that this model just isn’t restricted in numbers and that it is going to be produced for a full 12 months, it’s definitely a fairly scarce however not excessively uncommon watch both. With this in thoughts, expectations for the public sale of the current Tiffany-Blue 5711 had been excessive… and it didn’t disappoint on this regard.

Just some minutes in the past, underneath the hammer of Phillips, the primary showing double-signed Patek Philippe Nautilus 5711/1A-018 Tiffany-Blue offered for USD 6,503,500… A mind-blowing report for the reference 5711, making it about 100 occasions its retail value. In a means, it’s an excellent factor, figuring out the advantages of the sale will go to a charitable group. However, in all honesty, it’s not reflecting the intrinsic worth of this watch (which retails for USD 52,635) however solely hypothesis round a watch that has turn out to be way over only a timekeeping instrument, and is now an funding car. Which is kind of unhappy, to be frank.

The small print on the lot may be seen right here, at phillips.com.