Comments:
The Nautilus Genève auction analysis
Craziness. Even as a die hard fan of the Nautilus I can not explain just what has happened over the last few days.
The original 3700 in all guises had exploded, it has becone “Daytonafied”
Even the unpopular 3700 s/g has tripled in value
If it was just one auction one could say freak results, but in all four auctions..
The Nautilus is a fantastic watch in my opinion, but even I find the craziest prices being paid hard to fathom
Even the “unpopular “ 3710 broke records
Whilst the 5726 which is supposed to be the least well desirable went over list
The 3712, 3700 with box and papers are definitely in vintage Daytona madness territory
I’m happy indeed very happy for those that own those pieces, but I wonder where watch collectors are headed
Is it all about the fashion? The fashion is very much sports watch.
I hope sincerely that other great pieces, just don’t die in this craze.
Here is a summary of all the Nautilus sold
Picture from Phillips, Christie’s, Sotheby’s and Antiquorum
It’s certainly now an iconic Patek, the design ranks alongside the Coin 96 calatrava [nt]
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Oh come on
A 2018 5711 for quadruple the retail is unfathomable
Just for an added word
The world is gone berserk
It’s not about collecting anymore what a true shame
Just for an added word
The world is gone berserk
It’s not about collecting anymore what a true shame
definitely
I totally agree, for many buyers it's all about speculative investment potential nowadays without any passion for the watches itself.
You have still many true, authentic collectors, mon ami. Look around you, here, on our site... [nt]
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It’s nuts all this hype around steel sports models when you can get a grand complication 5270 at the same price of a steel time/date only watch then it’s definitely not about fine watch making it’s all hype. [nt]
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Correct. That is exactly what I did.
I love the 5270R even though it is not very collectible. I wear it with joy.
Thank you very much. It’s a wonderful reference. I appreciate the comment. [nt]
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Well said. It’s about the money not the watch. I don’t play those games. [nt]
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Same hammer price with the ALS ZW HWK at the same auction....don't know what to make about it....scratch head. [nt]
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Indeed, thanks Imran for the exhaustive recap. It looks like anything called Nautilus is earmarked for success these days...
Perhaps expectedly, the big results of the SS models are finally bringing everything else along. I love the Nautilus, but this seems to have reached levels of pure market craziness now... One thing is for sure though: for as long as this lasts, it's a fascinating phenomenon to observe! ;-)
thanks for the recap
I have one business partner who owns a 3700 in yellow gold and steel. Since I know him maybe 5 years now, he always has the same watch except the last time I saw him, he was wearing a Reverso.
I'll ask him what happened to the Patek Philippe and let him know how whealthy he is now... lol. this is just crazy
Wow, this is crazy!
What is driving this mania? Three years ago, nautilus’ were trading at retail. What is the impetus for this bubble or is demand so great that prices will remain elevated? The nautilus never seemed like a limited edition type of watch until the past couple years. Was it the 40th anniversary hype that led to this?
I love all my nautilus’ and am not a seller at any foreseeable price.... maybe I’m contributing to the mania?😜
I love all my nautilus’ and am not a seller at any foreseeable price.... maybe I’m contributing to the mania?😜
I don't think I will sell mine (5711) as it's my daily wear. Have always wanted a Nautius since 2006 but 2017 I bought one
With these crazy prices I still don't think of selling (could sell with handsome profit) as I will never ever buy again (or can buy) once I sell mine. My one and only Patek 
Hope to have a 2nd one in the future, who knows
Hope to have a 2nd one in the future, who knowsTotally over rated in my opinion
I agree that the Nautilus is an iconic watch but it represents poor value for money at current auction and used prices. With the same amount of money, one could secure a chronograph or perpetual calendar or even a perpetual calendar chronograph ie a 3970. But people will pay what they desire and a limited supply will ensure that prices will remain firm.
Gentleman I think it’s silly. The craze of 5711 will now get worst...
Another financial meltdown down and a lot of people will suffer ...don’t get me wrong but lot of these wat he’s will become safe queens like my 3712 which I stopped wearing as it’s an investment grade bond which has given me probably by far 5 x the return in value (off course not realised ). Watches are to be worn and enjoyed and not liked or adored due to the value but actually what they are in terms of quality and function and off course rarity does matter . I made a decision of buying the 5711/1R few weeks ago as I found great value in it ..after seeing the results it seems that will also meet the same fate very soon..
at the outset let me state that I am no fan of the Nautilus but ..
I have desired a ref 3700 for a while watching it rocket to stratospheric proportions
About 5 years ago was offered one for 40k and I passed
It seems to be to e the PN of the Patek world
will it crash and burn and all end in tears - who knows but I think has entered crazy land
Good luck to those that have one but I am not sure I would be chasing one at these ridiculous prices
J
About 5 years ago was offered one for 40k and I passed
It seems to be to e the PN of the Patek world
will it crash and burn and all end in tears - who knows but I think has entered crazy land
Good luck to those that have one but I am not sure I would be chasing one at these ridiculous prices
J
Speculative bubble...
Most buyers are in the market for a limited time only and believe the Nautilus was a „rare“ watch. In fact it is the entry level Patek. This limited oversight of most buyers at the current price point distorts prices. The bubble will burst as Patek will continue to produce high numbers of these models when speculative demand will go back to normal levels. These watches are available in huge numbers and are not collectors items in a true sense.