How rare is the Tiffany Patek?
To celebrate 170 years with Patek Philippe, Tiffany released just 170 units of the iconic Nautilus 5711 with a robin’s-egg blue dial — priced at $52,635 (£39,000). There are 170 Tiffany Pateks. Tiffany & Co. Patek Philippe released the limited edition watch in 2021.
Why is the Tiffany Patek so expensive?
For one thing, the premium stainless steel, sapphire glass and other materials used in the collaboration watch were costly, and the labor required to handcraft them was extensive. Patek Philippe also produced only 170 of the watches, so demand is much greater than the available supply. 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.However, it’s not part of the prestigious Big Three of watches – why is that? Well, Rolex has always focused on producing larger quantities of durable tool watches. The brand prioritizes functionality and robustness over intricate designs and advanced complications.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.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.
How much is the cheapest patek?
The absolute floor price for a patek philippe is typically found in the vintage quartz-powered ladies’ collection, which can be acquired on the secondary market for as low as $12,000 to $15,000. For a men’s mechanical watch, the floor is around $18,000 for specific vintage calatrava models. The cost of a new entry-level patek philippe watch typically begins at approximately us$20,000 to us$25,000, while more intricate and exclusive models may exceed us$1 million in price.Both Patek Philippe and Rolex offer notable watches beloved by collectors. Still, the Patek Philippe seal comes with a higher price tag. Both watch brands hold their value well and can fetch superb prices on the resale market.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.