Patek Philippe has been the pioneer in the luxury watchmaking industry for nearly 200 years. This finest watchmaker combines its strict dedication to tradition, technological wonders and craftsmanship to make some of the most iconic watches. Patek Philippe knows what represents an iconic reference.
Eventually, every timepiece within Patek Philippe’s catalogue has turned to be a status symbol over the years. And they remain excellent investment pieces because of their ability to retain value and price surge in the resale market.
So let’s explore a generation of some iconic Patek Philippe models. They represent the brand’s core ethics and hold excellent resale value, making them sound investments.
Patek Philippe introduced the Nautilus collection, representing the sports watch industry. However, the first Nautilus watch that made its debut in 1976 was the Reference 3700/1. The story behind the creation of Nautilus is pretty fascinating.
The Nautilus is by far the most cherished and coveted stainless steel sports watch globally. However, the brand upgraded the Nautilus line over the years. The Nautilus is today available in white gold, yellow and also in rose gold.
Moreover, among its several popular versions, the Nautilus with chronograph functionality is more sought-after among collectors. The Nautilus offers many exclusive features that make it an actual sports timepiece.
Taking inspiration from the Nautilus, Patek Philippe launched another cornerstone collection in 1997 – the Aquanaut. However, although it appears similar to the Nautilus, the Aquanaut has a personality of its own.
The Aquanaut also sports a tropical strap that offers resistance to water, UV rays and abrasion. Furthermore, Patek equips the watch with many complications that run on a chronograph movement.
One of the unique and most elegant Patek Philippe collections is the Calatrava, celebrated for its grace and beauty. The Calatrava has been a mainstay series in the brand’s catalogue for nearly 80 years. However, the collection includes watches of varied styles like references with a small seconds sub-dial.
There are also watches with three hands. Moreover, you can also find some Calatrava references featuring date functionality.
Another one-of-a-kind collection in the brand’s portfolio is the Golden Ellipse. Patek Philippe deviated from conventional watch shapes and offered the Golden Ellipse a circular casing. However, the Patek Philippe Golden Ellipse watches exhibit a minimalistic and sophisticated look with a well-proportionate dial.
Interestingly, the inspiration behind the creation of the Golden Ellipse was the discovery of the ancient green mathematicians – “Golden Section”.
Overall, Patek Philippe has always awed its enthusiasts and collectors with its distinctive watch concepts. This watchmaker is undeniably one of the most unrivalled leaders of Swiss luxury watchmaking.
Patek Philippe makes avant-garde watches without ever compromising the quality. And this makes Patek timepieces stand the test of time, holding excellent resale value with time.
Eventually, a Patek Philippe watch serves as a valuable asset to sell in a hard-up situation. However, if you want to sell a Patek Philippe watch, make sure you choose a trusted watch buyer like The Luxury Hut.
Our expert evaluators always keep track of the changing luxury watch market trends and prices. Thus, we can determine an accurate price for any pre-owned Patek Philippe watch. Want to know how much you can get for your Patek Philippe watch?
Fill in our online form with all details of your timepiece and get an instant free competitive quote.
Yes, you hear it right. Patek Philippe stopped producing the iconic Nautilus Reference 5711.
The brand has discontinued not only one of its most iconic models but also one of the world’s most popular and coveted watches. This news is certainly not that watch enthusiasts across the globe anticipated at the start of 2021.
The irony is that one of the most talked-about timepieces of 2021 is not a brand-new launch but, instead, discontinuation.
The Patek Philippe Nautilus 5711 is much more than a mere timekeeper. And the brand ceased its production when virtually all watch collectors today want to buy the watch for vast gobs of money.
However, the leading watchmaker, Patek Philippe, must have little logic to stop producing a globally popular item. Perhaps it is a smart move, and one might need to do something like this at a time.
Continue reading to find out what’s the actual logic behind such a surprising move by Patek Philippe.
Patek Philippe has been producing the Nautilus Reference 5711 for about 43years. However, its demand escalated a few years ago. As per reports in 2019, the waiting list for this particular model extended for eight years. Now:
While the brand discontinued the Nautilus 5711, the waitlist will extend forever. But the interesting fact is that Patek Philippe has stopped producing the timepiece back in 2019. They remained tight-lipped.
Of course, Patek’s enthusiasts and collectors were upset about it, and the same was the retailers. Lots of people have been eagerly waiting to buy and sell this watch. And now, the only way to get this model would be to dive into the second hand market and purchase it for staggering gobs of money.
So the question is – why Patek Philippe discontinued its most popular and sought-after creation?
Patek Philippe’s President, Thierry Stern, speaking to the Times, has said –
“We are doing this for our clients who already own a Patek Philippe and to protect our brand from becoming too commercial.”
“I can continue to make this fantastic product or sell 10 times more of them. But I am not working for numbers. I am protecting the company for the future, for my children.”
Stern is well-aware that discontinuing the iconic Nautilus 5711 will upset its global fans and collectors. However, as Stern stated, he followed a lesson that his father taught him, and today he is passing down the same to his children.
“When you have a fantastic brand like Patek, you have to protect the brand and not just one product,” he said.
Well, this is a brilliant move or rather a smart decision for high-end timepieces. But it works well not only for watches but also with other top-selling things in the world.
The Nautilus Reference 5711 in stainless steel and a vibrant blue dial became so famous that its significance changed. Depending on the person, the watch represented many things. While some blazed it as a sign of wealth, others considered it the epitome of modern watch design.
Moreover, the Nautilus Reference 5711 was a unique steel sports timepiece from a brand more recognised for dress watches for many people. The watch was enjoying a fascinating demand and price surge. And the waitlist also extended before Patek announced its discontinuation.
The Nautilus 5711 will have a successor or successors. However, Reference 5711 is a significant part of Patek Philippe’s past but not its future.
Nonetheless, if you are looking to sell a Patek Philippe watch for the best price in London, fill up our online form or call on 0207 242 9160 for a free competitive quote.
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