Why is the Patek Philippe Nautilus 5711 so expensive?
Patek Philippe’s high prices are not solely a function of material and labor costs; they are the outcome of meticulous craftsmanship, in-house technical investment, strict production limits, powerful brand heritage, and a collector market that prizes rarity and resale appreciation. Patek Philippe watches cost around $48,000 on average, though prices range from around $11,000 to $584,000 depending on the model. Patek Philippe’s most popular collection, the Complications, costs an average of $43,000. Other popular collections include the Calatrava, Nautilus, and Aquanaut.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.When it comes to entry-level Patek Philippe watches, the Twenty~4 ref. The current 2024 retail price of a Patek Philippe Twenty~4 ref.Before its discontinuation, the retail price for the stainless steel Patek Philippe Nautilus 5711/1A was approximately $30,000 to $35,000.
How many Nautilus per year?
How many Patek Philippe Nautilus are made each year? Patek Philippe makes around 60,000 watches each year (in comparison, Rolex produces around 1 million annually). Rolex: The Top Luxury Watch Brand No surprises here, but the top luxury watch brand in the world, the king of kings, is Rolex — by far.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.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.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.