What is the price of Patek Philippe Nautilus 5990 1422g in India?
The Patek Philippe Nautilus 5990/1422 comes at an insane price of USD 1,320,000, which is approximately ₹11,41,52,388 or ₹11. The timepiece is extremely rare and was released by Patek Philippe in secret in 2021. INTERNATIONAL – A Patek Philippe timepiece sold for $31 million (about R459. Christie’s in Geneva.
Why is the nautilus so expensive?
First, because it went head to head with the quartz watches of the time; and second, because it was a Patek Philippe in steel. Prior to its release, Patek only made watches from precious metals. Moreover, selling the Nautilus at a premium has always been part of Patek Philippe’s strategy. As such, the Holy Trinity of Watches is made up of three ultra-high-end Swiss watch brands: Audemars Piguet, Vacheron Constantin, and Patek Philippe. All three of these prestigious brands boast very long histories, which not only demonstrate centuries-old experience, but also continued relevance in today’s market.And frankly, these two pieces will not appeal to the same consumer! Today, we are going to take a look at what some have dubbed the watch industry’s big four: Audemars Piguet, Rolex, Richard Mille, and Patek Philippe. Each of these hallowed brands has its own distinct story, character, and style.The “big four” private watch brands—Rolex, Patek Philippe, Audemars Piguet, and Richard Mille—all gained market share in 2023, while several conglomerate-owned brands lost ground, according to Morgan Stanley’s seventh annual “Swiss Watcher” report, compiled in conjunction with LuxeConsult.patek philippe watches, such as the nautilus or grand complications, often appreciate in value significantly, owing to their rarity and complex craftsmanship. Rolex models like the submariner or daytona are prized for their robustness and universal brand recognition, ensuring strong resale value.
How much is a Patek Philippe Nautilus worth?
The prices for an unworn Patek Philippe Nautilus range from around 43,287. USD to 1,697,258. USD. The lower price segment is generally dominated by ladies’ watches with quartz calibers. The cost of a Patek 5980 Nautilus in our collection goes from USD $163,000 to USD $393,000 depending on the condition of the timepiece.