Is 5711 1A discontinued?
If you own a Patek Philippe Nautilus Ref. A-010, mark your calendars! Today the Swiss watchmaker confirmed that after a 10-year-long production run, the model has been discontinued. That means that anyone who got their hands on one can bet that its value will instantly skyrocket in the secondary market. The final iteration of the Patek Philippe Nautilus 5711 was launched later in 2021 as a limited edition of 170 pieces to celebrate the 170th anniversary of the relationship between Tiffany & Co. Patek Philippe.
Why is the 5711 so expensive?
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. Limited production ensures that demand consistently outpaces supply, driving prices far above retail. Collectors also value the Nautilus for its timeless design and mechanical excellence. References like the 5711/1A in stainless steel and the newer 5811/1G in white gold have become benchmarks in the luxury watch world.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.
What is the resale value of a 5711?
Patek Philippe 5711 Retail Price vs. Today, it sells for more than USD 100,000 in the secondary market. The price hasn’t risen steadily. The blue dial 5711/1A-010 reached its peak at USD 131,504 in 2022. Now it has settled around USD 89,404 – still three times its original price. The absolute floor price for a Patek Philippe is typically found in the vintage quartz-powered ladies’ collection, which can be acquired on the secondary market for as low as $12,000 to $15,000. For a men’s mechanical watch, the floor is around $18,000 for specific vintage Calatrava models.In 2021, when patek philippe discontinued its best-selling ref. A-010 — the model with eight-year wait lists, for those who could get on the wait list at all — prices for the $33,000 stainless-steel wristwatch with a black-blue dial soared into six-figure territory on the secondary market.In some ways, Vacheron Constantin can be considered the brand that makes better watches because of its high complications. On the other hand, Rolex watches have better resale value and can make the best investments because of their ability to retain value and appreciate over time.Which is the cheapest Patek Philippe Nautilus? The most affordable variants of the Patek Philippe Nautilus that you can buy on Chrono24 are predominantly older ladies’ watch models such as the reference 4700/1. This quartz watch costs around 22,183 USD in good used condition.Higher Price Range: Patek Philippe watches are generally more expensive than Rolex watches, primarily due to their intricate craftsmanship, complications, and limited production numbers.