The impact of discontinuing the Patek Philippe 5711: from Nautilus classic to market frenzy.
The Patek Philippe Nautilus 5711 is more than just a luxury watch—it’s a legend. This timepiece has captured the hearts of collectors and investors worldwide, with its iconic design and exceptional craftsmanship. Although production ceased in 2021, its allure and market value have only grown stronger. Let’s dive into the story of the Nautilus 5711, from its origins to its current status as one of the most coveted watches in the world.
The Birth of a Legend: Nautilus Origins
Founded in 1839, Patek Philippe quickly established itself as a leader in luxury watchmaking. In 1976, the brand introduced the Nautilus, revolutionizing the industry by crafting a high-end watch from stainless steel. The first model, Ref. 3700/1A, debuted at a price of $3,100—an audacious move during a time when quartz watches dominated the market. Its industrial-inspired design featured a distinctive porthole-shaped bezel and offered water resistance up to 120 meters, marking it as a significant innovation.
The Nautilus was designed by Gérald Genta, a legendary designer known for creating other iconic timepieces, such as the Royal Oak. Genta’s vision of blending luxury with sportiness helped the Nautilus gain recognition as a timeless masterpiece.
The Rise of the Nautilus 5711
In 2006, Patek Philippe celebrated the 30th anniversary of the Nautilus by launching the 5711/1A. This new model maintained the classic aesthetic of its predecessor while introducing modern upgrades, including a three-body case for easier maintenance and a sapphire case back to showcase the movement.
Collectors quickly fell in love with the 5711’s sleek design and exquisite craftsmanship. A notable example of its popularity is Kevin O’Leary from Shark Tank, who waited eight years to acquire his dream 5711. Such stories highlight the watch’s unparalleled desirability.
The Shocking End: 5711 Discontinued
In late 2021, Patek Philippe CEO Thierry Stern announced the permanent discontinuation of the 5711, citing concerns about the brand’s over-reliance on a single model. Stern explained that the company needed to diversify its product lineup to ensure long-term growth and sustainability.
This decision sent shockwaves through the watch community. While some lamented the end of an era, others anticipated a surge in market value—and they weren’t wrong.
The Value of the 5711
The discontinuation of the 5711 has enhanced its reputation as a sought-after collector’s item. The final version, the green-dial 5711/1A, was produced for only one year, making it exceptionally rare. Its retail price was approximately HK$270,000, but its value in the secondary market has soared to HK$3.8 million or more.
Unmatched Market Value
The rarity and appeal of the 5711 have made it a dream for collectors. A limited-edition Nautilus x Tiffany model, created to celebrate the 170th anniversary, had only 170 pieces produced. One of these sold at auction for an astonishing HKD 41.73 million, further establishing its remarkable standing in the market.
What’s Next: The Arrival of the 5811
In 2022, Patek Philippe introduced the 5811/1G as the successor to the 5711. Made from white gold and featuring a striking blue dial, the 5811 continues the Nautilus legacy while emphasizing a shift towards using precious materials. This change reflects the brand’s commitment to providing sophisticated options for discerning buyers.
Additionally, Patek Philippe has expanded its Nautilus collection to include several models in precious metals and complicated designs, such as the 5740 perpetual calendar and the 5990 with a green crystal, thereby enriching the product line of this series.
Why the Nautilus 5711 Endures
The enduring appeal of the Nautilus 5711 stems from its perfect balance of design, craftsmanship, and exclusivity. Whether you are an investor looking for a solid financial asset or a collector with an appreciation for timeless elegance, the 5711 is more than just a watch—it is a piece of history.
Conclusion
Although the Patek Philippe Nautilus 5711 is no longer in production, its legacy endures. Its unique blend of rarity, exceptional design, and cultural significance makes it a coveted item for serious watch enthusiasts. As the market continues to evolve, the 5711 remains a standard of luxury and sophistication.
If you are interested in acquiring a Nautilus or exploring other Patek Philippe timepieces, please feel free to contact us for professional advice and exclusive offerings.
