The Patek Philippe Nautilus 5711, already a highly sought-after timepiece, achieved legendary status with the release of the limited-edition "Tiffany & Co." collaboration. This article delves into the fascinating world of the Patek Philippe Tiffany 5711, exploring its price, history, and the factors contributing to its astronomical value. We'll dissect the market, examine auction results, and compare it to other Nautilus models to understand the true cost of owning this horological masterpiece.
Patek Philippe Nautilus Reference 5711: A Legacy of Design
Before diving into the stratospheric prices of the Tiffany collaboration, it's crucial to understand the foundation: the Patek Philippe Nautilus 5711. Designed by Gérald Genta in 1976, the Nautilus was a radical departure from Patek Philippe's traditionally elegant designs. Its sporty, integrated bracelet, porthole-inspired case, and understated elegance quickly cemented its place as an icon. The reference 5711, introduced later, became a particular favorite, boasting a refined aesthetic and a versatile size suitable for a wide range of wrists. Its enduring popularity is a testament to Genta's genius and Patek Philippe's commitment to quality and craftsmanship. The reference 5711/1A-010, in its standard stainless steel and blue dial configuration, already commanded a significant premium over its retail price before the Tiffany collaboration even surfaced. This is largely due to its limited production numbers and consistently high demand.
Patek 5711 Retail Price: A Starting Point
The retail price of a standard Patek Philippe Nautilus 5711/1A-010 was significantly lower than its current market value. While the exact figures fluctuated slightly over the years, it generally sat in the range of $30,000-$40,000 USD. This price, while high for most watches, was relatively modest compared to the prices commanded by the watch on the secondary market. This discrepancy highlights the significant collector demand and the scarcity of the model. It's important to remember that the retail price is merely a starting point; the true value of a 5711 is determined by the forces of supply and demand in the secondary market.
5711 Tiffany Price: The Meteoric Rise
The announcement of the Patek Philippe Tiffany & Co. 5711/1A-014 collaboration sent shockwaves through the watch collecting world. This limited-edition piece, featuring a unique Tiffany blue dial and special branding, instantly became one of the most sought-after watches ever produced. Only 170 pieces were made, further fueling the intense demand. The retail price, while undisclosed publicly by Patek Philippe, was significantly higher than the standard 5711, but it was still far below the prices commanded on the secondary market.
The 5711 Tiffany’s price exploded immediately after its release. Initial listings on platforms like Chrono24 showed prices well over $300,000 USD, and this figure continued to climb. Many examples sold for well over $500,000 USD, and some even reached the million-dollar mark at auction. This astronomical price increase is driven by several factors: limited production, the prestige of both Patek Philippe and Tiffany & Co., and the inherent exclusivity of owning such a rare and desirable piece.
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