Jay (Eire)
12466
I had scanned the various results too and was a little surprised at the levels being reached for the Nautilus over the last few days.
The Tiffany 5711 just blew me away. It seems buyers/speculators and perhaps collectors are inferring collectabilty in modern Tiffany dialed Pateks from that which we see in the vintage co-signed Pateks. I really don't believe this is a valid conclusion, but who am I to say.
More generally, who is to say that the sports watch will not be THE foundation of collecting going forward? Complicated Pateks and Rolex Sports models have been the mainstay of the auction world for many many years. With the arrival of the Nautilus frenzy it seems that sports watches will be the dominant style going forward. Add to that the rise of the Speedmaster too. This also fits well with the general lessening of formality in our world, lots of people who wore suits to work no longer do, most graduate jobs now present a much more casual work environment. The sports watch is a better fit for this new world.
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 on...
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
definitely
I totally agree, for many buyers it's all about speculative investment potential nowadays without any passion for the watches itself.
Correct. That is exactly what I did.
I love the 5270R even though it is not very collectible. I wear it with joy. ...
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 fas...
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 k...
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...
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
Totally 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....
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...
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 ...
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 c...
I'm sitting back, munching on popcorn, and watching the show
while I wear my pedestrian watches.
I think the all platinum watch is really special
I'm not knowledgeable enough to comment on the prices. Best, Martin
I had scanned the various results too and was a little surprised at the levels being reached for the Nautilus over the last few days.
The Tiffany 5711 just blew me away. It seems buyers/speculators and perhaps collectors are inferring collectabilty in modern Tiffany dialed Pateks from that which we see in the vintage co-signed Pateks. I really don't believe this is a valid conclusion, b...
Nautilus
As a style, it’s not one for me. Having said that, nothing much surprises me now with markets. Patek has made a distinct move to attract younger buyers. It’s working.
divided loyalties...
it is one of the very few PPs that is intriguing to me but i also equally know i'm almost not going to have it...neither i've a series of PP purchase so the AD gets me one nor i'm going to pay anything on top of retail.... with that, i actually don't give...
It is quite incredible...
As an owner of a 3700 and vintage daytonas, I will say it is quite incredible to see what is happening. There has never been a time where the divide between what is desired and what is not has been so great. Some amazing watches sit and cannot be sold, ye...
It's a shocker. The market buys it, the design the slimness of a Nautilus.
Slim, sleek and sexy. A chicks magnet of a watch. Gerald Genta is a genius in design. Geross. 😉
I have said it before and I will say it again.......
.......it takes all the attention away from other amazing references which is good for buyers of other models! Long may this Nautilus craze continue!
Any love for the 5800?
The forgotten 38mm Nautilus Have had it for over 10 years and love the size and wearability; I don’t really care about the market trends and the crazy after market and auction prices for the Nautilus ...
This one is very rare!
It could fetch more than 5711... but don't ever sell. Congratulation!
Thank you for this great Nautilus summary!
Some years ago I got my 3700 in almost mint condition with original box (not cork) and „Certificat d‘Origine“ for what I thought to be an outrageous price. It is my only PP. And it came at a fraction by last weekends‘ standards. Is it relevant to me: not ...
Wow...your watch is in pristine condition!!
I have not seen many 3700 with the lumes looking like new as your watch! Most have deteriorated or discolored... Do you wear it often or is it because you keep it safe somewhere. The watch looks great!
5711P sold
and last sunday, a 5711p, the real LE one, not the anniversary, sold for k€ 350 Olé !!!!!!
5711P auction
and last sunday, a 5711p, the real LE one, not the anniversary, sold for k€ 350 Olé !!!!!!
Lot 131, 5711 with Tiffany dial
I heard this caused some drama in the NYC store - the buyer flipped the watch immediately after receiving it, and apparently some ADs did not want to sell it to non-vetted customer.
I wouldn’t, and don’t, pursue this reference at these prices, but Im not sure why we’re surprised and / or skeptical. As you write, we’ve seen this before. We will see it again
Is it sustainable? As I said, I’m not a buyer. Do I expect valuations for this and every other “asset” class to decelerate and / or decline? I do. So goes the global economic cycle. Said differently, if I were an actual “flipper” as my handle suggests...I...