Why is the Nautilus so expensive?
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. The Aquanaut also tends to be more accessible in terms of price, making it an attractive option for younger collectors or those new to the brand. However, it lacks the historical significance of the Nautilus and may not have the same level of prestige among traditional watch enthusiasts.
Why is Nautilus so popular?
One of the reasons the Nautilus has become so sought after is due to its limited availability. Unlike many mass-produced luxury watches, Patek Philippe creates only a limited number of Nautilus models each year. As a result, the demand for this iconic timepiece far exceeds supply, driving up its value over time. Patek Philippe: Exclusivity and Scarcity As of 2022, Patek Philippe produces approximately 62,000 watches per year, a slight increase from 58,000 in 2017. This limited production is a deliberate strategy to maintain the brand’s reputation and ensure its timepieces retain their value.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.
Why is the Nautilus 5711 discontinued?
So why did the Patek Philippe Nautilus 5711 get the ax despite doing so well? Patek’s president Thierry Stern, the decision to stop making this watch was because it was soaking in too much attention. One could say that the Nautilus 5711 became a victim of its own success. The next key ingredient in the Patek Philippe Nautilus recipe of demand is scarcity; the supply side, of the supply and demand equation. Although Patek Philippe doesn’t publicly release their production quantities, it is estimated that it produces, per year, around 50,000-70,000 timepieces.One of the reasons the Nautilus has become so sought after is due to its limited availability. Unlike many mass-produced luxury watches, Patek Philippe creates only a limited number of Nautilus models each year. As a result, the demand for this iconic timepiece far exceeds supply, driving up its value over time.