Revered for its sleek design and enduring value, the Nautilus 5711 is one of several Patek Philippe symbols of prestige in the luxury watch market. A recent report by EveryWatch, the world’s largest watch database, has shed light on the exceptional performance of this iconic model at auction. This performance solidifies its status as a worthy investment piece.
Introduced in 2006 to honour the 30th anniversary of the Nautilus collection, the 5711 has become a cornerstone of Patek Philippe’s modern history. Despite being discontinued in 2021, its legacy endures, influencing market trends and inspiring contemporary designs. Its timeless appeal lies in the blend of innovation, craftsmanship, and exclusivity – qualities that resonate strongly with collectors.
— Nautilus 5980/60G-001
EveryWatch’s latest in-depth analysis drew from over 380 auction results across nearly 40 global auction houses, providing a comprehensive overview of the Nautilus 5711’s market trajectory. The findings reveal a remarkable 297.14 per cent absolute value surge since 2008, with a compound annual growth rate (CAGR) of 8.28 per cent. Stainless steel models have shown the highest appreciation, with a value increase of 314.39 per cent.
The Tiffany Blue Nautilus (5711/1A-018) reigns supreme among the standout pieces. Produced in collaboration with Tiffany & Co., only 170 pieces of this limited edition were made, cementing its rarity. The Tiffany Blue dial achieved a record-breaking $6.5 million at auction, with the 2024 median auction price reaching $1 213 301.
The Nautilus 5711 has also been a key player in philanthropy. At the Children Action 2024 charity gala, Patek Philippe presented a unique Reference 5711/1500A in steel, hand-engraved with Maori-inspired motifs and matching cuff links. Auctioned by Phillips, Bacs & Russo, this exceptional timepiece fetched CHF 6.7 million ($7.65 million), setting a new record and surpassing the Tiffany Blue edition. The proceeds will benefit children’s projects worldwide, reinforcing Patek Philippe’s long-standing commitment to the motto, “The first human right is to have a childhood.”
Over its 15-year production run, the Nautilus 5711 saw numerous variations, including different dial colours and case materials. Blue, silver, grey, and brown dials consistently rank among the top performers at auction. Stainless steel and rose gold models lead in value appreciation, reflecting collector preferences for these materials. While post-pandemic market adjustments have slightly tempered prices, the 5711 remains one of the most coveted timepieces globally.
— Reference 5711/1500A
EveryWatch’s unparalleled market analysis underscores the enduring appeal of the Nautilus 5711. With its rarity, historical significance, and aesthetic allure, the 5711 continues to captivate the watch community and solidify its place as an icon of luxury and investment.
Meanwhile, at Watches and Wonders Geneva 2024, Patek Philippe unveiled the Nautilus 5980/60G-001, a self-winding flyback chronograph in white gold. This new iteration features an opaline blue-grey dial that pairs beautifully with a matching calfskin strap in a denim motif. The strap is adorned with contrasting white stitching and a white gold Nautilus fold-over clasp, adding a refined touch to this modern masterpiece.
The case and bezel exhibit a striking combination of polished and satin finishes. Its chronograph indications are uniquely grouped in a large monocounter at 6 o’clock, with three concentric scales for optimal legibility. The central chronograph seconds hand can also function as a running seconds display, enhancing its utility and elegance.
