Is 5711 1A 014 discontinued?
The Patek Philippe Nautilus 5711/1A was discontinued in 2021, just as demand hit fever pitch. For context, recommended retail in the US of a Patek Philippe Nautilus Ref 5711/1A with navy blue dial was USD 30,620. The average price on the secondary market up until recently was USD 85,000+. In the wake of the model’s retirement, that’s now jumped to USD 100,000+ and rising.
Why was 5711 discontinued?
Another likely reason for discontinuing this watch at the height of its fame is that its popularity wasn’t rubbing off well on the Patek Philippe brand. While the price was good and demand was great, the Nautilus 5711 was a relatively old watch. It was a basic steel watch with just a time and date functionality. In terms of pricing, it’s important to note that the watch initially retailed for $17,000 and its last known retail price was $33,710. With respect to its secondary market price, the Patek Philippe 5711/1A for the longest time traded at or below its retail price.While just about every single Patek Philippe collector will want to get their hands on this incredibly special model, production will be strictly limited to just 170 pieces and the watch will be exclusively available at Tiffany & Co. New York, Beverly Hills, and San Francisco.In summary, whether you’re a first-time buyer or a seasoned collector, Patek Philippe offers something for everyone. Each collection has its own distinct character, history, and set of functionalities, providing a unique blend of artistry and engineering.Patek philippe 5711 retail price vs. The watch’s retail price started at chf 27,000 (about usd 30,000). 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.