The Patek Philippe Nautilus 5711 has reached mythical status. With a retail price of around 30,000 US Dollars, a wait list of eight years, and people willing to pay double the retail in the pre-owned market, one can say that it’s the luxury sports watch of the moment.
Here are top 3 reasons why the Patek Philippe Nautilus 5711 is so valuable and coveted.
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Patek Philippe Nautilus Blue Dial Steel Mens Watch 5711
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Transcript:
From SwissWatchExpo…
Spotlight on: the Patek Philippe Nautilus 57-11. Why is it so valuable?
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The Patek Philippe Nautilus 57-11 has reached mythical status.
With a retail price of around 30,000 US Dollars, a wait list of eight years, and people willing to pay double the retail in the pre-owned market, one can say that it’s the luxury sports watch of the moment.
The gradient blue watch undeniably has strong appeal, but for a watch made of stainless steel, and with no other complication other than a date, many still ask the question: what makes the 57-11 so valuable?
Here are top 3 reasons why it’s the hottest luxury sports watch on the market.
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Before the 57-11 came along, the Patek Philippe Nautilus was already an established luxury icon.
What makes it especially appealing is that, it’s the direct descendant of the first ever Nautilus watch, the 37-00 (37-hundred).
Designed by the legendary Gerald Genta (Jerald Jenta) in 1976, its name and porthole shape was inspired by the passion for sailing that the Stern family, owners of Patek Philippe, were quite known for.
The Nautilus was a revolution for Patek. 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 the company’s strategy.
As one of its very first advertisements famously said, “one of the world’s costliest watches is made of steel.”
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Closely held by the Stern family since 1932, Patek Philippe does not disclose its production numbers.Reports say it produces 60,000 timepieces annually, and around 140 models. The 57-11 is just one of those.
In a 2019 New York Times interview, Thierry Stern, president of Patek Philippe, said that they are meeting only 10% of the demand for the 57-11, and it’s going to stay that way.
“For us, this is not a race to make more money,” he said in the interview. “It is a race for beauty, for the long term, and for greater choice in our collections.”
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Aside from its rarity and heritage, its appeal really lies in its versatility.
While many sports watches come with a thick and solid body, the Nautilus, particularly its bracelet, is very thin and sleek. With its legible blue gradient dial, it would look good with pretty much any outfit, and in every situation.
It also has a water resistance of 120 metres, so for water activities – except professional deep-sea diving, it is more than enough. Lastly, it wears very comfortably – think the comfort of sneakers with the sleek elegance of a suit. What more can you ask for?
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