A simple design and an elegant shape, but the way it has taken the watch world by storm is something that has been the stuff of legends. We are talking about the Patek Philippe Nautilus Ref 5711/1A. It is perhaps the most coveted luxury sports watch in the world, and now the news of it being discontinued will send collectors and prospective buyers in a tizzy. However, there is a rumor of a new model coming in soon, but at the moment, prices and demand for this iconic timepiece will go through the roof, no doubt. The history of this watch is as intriguing as the cult status it has achieved over the years.
Designed by Gérald Genta, the original Patek Philippe Nautilus (released in 1976) redefined the luxury sports watch segment. It gave buyers another alluring choice along with the Royal Oak by Audemars Piguet. What stays in your mind and what is instantly the most recognizable aspect of this watch is the shape. However, what is surprising is that this genre-bending and iconic watch was penned by the designer in just a matter of a few minutes when dining just a few meters away from Patek Philippe executives.
Then in 2006, the Patek Philippe Ref 5711/1A made its debut, and it refined plus honed that iconic shape while being larger plus thicker than the original. The ethos was simple but remained the same over the years, being close to the iconic “steel jumbo” along with the classic blue dial. It has stayed faithful to the original Gérald Genta masterpiece, no doubt, and that amalgamation of the classic look being mixed with a modern feel led to it being an instant hit.
So much so that it is one of the most popular celebrity watches, and the waiting list runs into years with supply unable to meet demand. Apparently, the waiting list is nearly 10 years at authorized dealerships, and new models only made their way into certain collector hands. Patek Philippe only made a limited number of these watches in stainless-steel in the first place hence the rarity.
This means this stainless-steel luxury sports watch, costing $30,000, currently trades in the pre-owned market three times its list price. Stopping production of this blue-dial, steel Nautilus will only increase its collector value further and make it an even more coveted watch. Potential buyers who have been waiting for years and currently have not received a date might have to give up hopes of sporting one on their wrist. Do note that you can still buy the Patek Philippe Nautilus 5711/1R-001 rose gold version, but I guess you, just like us, want the iconic steel model, to which we say, form an orderly queue…
Other than that, as mentioned earlier, there is some light at the end of the tunnel as the luxury watch brand will soon unveil its new line-up, and we bet it has a new Nautilus 6711 waiting for us to lap up!
Source: Upscale Living Magazine