Is Patek 5711 discontinued?
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. The exclusivity of patek philippe watches, underscored by its limited production of around 50,000 watches annually, combined with the use of high-quality materials, exceptional craftsmanship, and the brand’s high market demand, significantly increases their value and desirability.The chances of being able to buy a watch from Patek Philippe is the same as trying to walk in and buy a brand new Rolex Daytona… Slim to none. This is because most of the collections from the brand have an extensive waitlist that stem from under a year to around 8 years at the time of writing.When treated with respect, a fine piece of jewellery such as a Patek Philippe watch will last forever. Forming a relationship with your watch is imperative to ensure its protection, and enable the watch to serve you and its future generations of owners.A Patek Philippe watch insurance policy ensures you are protected from theft, loss, damage, and mysterious disappearance. If any of these events happen, your insurance company will repair or fully replace your timepiece at no out-of-pocket cost to you.
What replaced the Patek 5711?
Patek’s president Thierry Stern gave it the ax because he worried the model was soaking up too much attention. But on Tuesday, Patek announced a new watch meant to replace the 5711. Meet the 5811. Technically, that’s the 5811/1G, the G signifying that the watch is made out of white gold. The Patek 5711 is a standout in luxury watches. Its unique, sporty design and superior craftsmanship make it a favorite among watch enthusiasts. The Nautilus 5711 is versatile, fitting both casual and formal styles. Its strong yet refined construction and precise movement set it apart.
What is the successor to 5711?
The 5711 now has a successor available exclusively in gold and with several updates: meet the new Patek Philippe Nautilus 5811/1G-001. Ref: 5711/113P-001. Market Price (Approx): 12. Cr ($1,445,000) The Patek Philippe Nautilus 5711/113P-001 features a 40mm platinum case, bezel set with 32 baguette-cut emeralds, and a black dial with emerald hour markers.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.Patek Philippe Nautilus Reference 5711/1A-010 One of the most iconic and desirable Nautilus models, the Reference 5711/1A-010 features a sleek stainless steel case and an instantly recognizable blue dial. Its timeless design and versatility have made it a top choice among collectors.An entry-level Patek (if there is such a thing) is still the thick end of $30,000. 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.