The first of the new limited edition Patek Philippe Tiffany & Co. Nautilus watches sold at auction on Saturday for $6.5 million — more than 120 times its retail price. It was the first of 170 limited edition Nautilus Ref. 5711′s that will be made and sold at certain Tiffany boutiques.13 Dec 2021
How much did a Patek Philippe cost?
The cost of a Patek Philippe ranges anywhere between $21,000 and $485,000. The vastly wide range in pricing between Patek Philippe watches vary based on materials, complications, popularity, and complexity. Patek Philippe watches are made by hand which means two things.29 Dec 2021
Who bought the 5711 Tiffany?
LVMH
How do you get Tiffany Patek?
The watch will be available exclusively at Tiffany & Co. boutiques in New York, Beverly Hills, and San Francisco, where Patek Philippe is sold. It's a familiar 5711/1A in every way, just with the added bonus of a Tiffany Blue dial. And, of course, a Tiffany stamp.6 Dec 2021
Is it worth buying a Patek?
Investment Potential The resale value of used Patek Philippe watches trumps that of all other luxury watchmakers, whether they are vintage or something more modern. As a result, you can be absolutely certain that your investment will be protected for generations to come making them well worth the purchase.18 Jan 2022
How much is the Tiffany Patek Philippe?
Patek Philippe's Tiffany Blue Nautilus watch fetches $6.5 million at auction. The first of the new limited edition Patek Philippe Tiffany & Co. Nautilus watches sold at auction on Saturday for $6.5 million — more than 120 times its retail price.13 Dec 2021
How many Patek Philippe are there?
Established in 1839, Patek Philippe has since developed a vast collection that currently includes over 160 watches and over 50 in-house movements.21 Oct 2021
Who bought the Patek Tiffany watch?
It's also commemorative of Tiffany's sale to LVMH, Patek Philippe CEO Thierry Stern told CNBC. First launched in 2006, Ref. 5711 is Patek Philippe's most popular wristwatch.14 Dec 2021
Is 5711 Patek discontinued?
The iconic Patek Philippe 5711 Nautilus is officially no more. This has been a long “goodbye” — first with the announcement that sent prices skyrocketing, then with the final green dial version, and then finally with the Tiffany release.18 Jan 2022
How many Tiffany Pateks are there?
Limited to only 170 examples, the watch was expected to go for significantly more than its retail price of $52,635 but even watch collectors seem stunned by the result. All proceeds from the auction will benefit The Nature Conservancy charity.13 Dec 2021