Is Patek Philippe 5712 discontinued?
In early 2025, Patek Philippe silently discontinued the 5712/1A-001, removing the reference from its official catalogue without major public announcements. A-001, Nautilus, from Patek Philippe. Ref. October 2006 to celebrate the 30th anniversary of the celebrated Nautilus collection and to replace Reference 3712, in production from 2005 to 2006.
Who owns Patek Philippe now?
Established in 1839, it is named after two of its founders, Antoni Patek and Adrien Philippe. Since 1932, the company has been owned by the Stern family in Switzerland and remains the last family-owned independent watch manufacturer in Geneva. Since 1932, the company has been owned by the Stern family in Switzerland and remains the last family-owned independent watch manufacturer in Geneva. Patek Philippe is one of the oldest watch manufacturers in the world with an uninterrupted watchmaking history since its founding.Thierry Stern is both the owner and director of Patek Philippe, one of Switzerland’s four leading independent watch brands. In an interview he explains why the prestigious Geneva-based company produces almost all its timepieces in-house, while delegating sales to outside partners.While Patek focuses on traditional watchmaking, complicated movements, and exclusive production, Rolex, on the other hand, has built its unmatched success on the foundation of reliability, innovation, and iconic design. Over the years, Rolex has become synonymous with luxury, status, and achievement.Obviously, Pateks are more expensive, but that doesn’t necessarily make them “better” in the grand scheme of things. Patek has been making watches for 180 years, while Rolex has only been around for 110,” notes Bob’s Watches founder and renowned Rolex collector, Paul Altieri.Both brands represent exceptional quality in the luxury watch market. Patek Philippe wins for traditional craftsmanship and exclusivity, while Rolex excels in innovation, reliability, and accessibility. The “better” choice depends on your personal priorities, lifestyle, and budget.
How much did Jay Z Patek Philippe cost?
Jay-Z Wore a $1 Million Patek Philippe to the Grammys. The Grand Complication 5304-301R combines a minute repeater with a retrograde perpetual calendar. Jay-Z isn’t one to let himself be out-Patek’d in public. The cost of a Patek Philippe 5712 in our collection goes from USD $140,000 to USD $280,000 depending on the condition of the timepiece.Here’s a glimpse into Jay-Z’s Patek watches and their respective prices: TIFFANY BLUE PATEK PHILIPPE NAUTILUS 5711/1A-018 – $3,220,000. Patek Philippe Perpetual Calendar Chronograph 2499 – $3,000,000.