Well, today December 11th, 2021 in New York City, this new Patek Nautilus Tiffany 170th Anniversary ref. 5711/1A-018 just sold for $6.5 million USD at Phillips. The world of watch collecting has finally just lost its sanity. I can only think that some of the reasons behind these prices in the watch market have to do with money-laundering schemes, tax write-offs through charitable contributions, using watches as money instruments to transport funds between countries without the need to report them and/or some people who made so much money through crypto-currencies that simply don’t care anymore and would pay anything to have what they want.
Posts filed under Patek Philippe
From the Editor: The 'Hyped' Patek Nautilus 5711 Tiffany 170th Anniversary and My Thoughts on Double-Signed Watches
In the last decade, double-signed watches have become a thing and are now some of the most coveted timepieces out there. When I look back at auction results from twenty or thirty years ago —yes I have some very old catalogs in my possession—, these double-signed watches were not priced like they are today. Commanding a high premium when compared to models that don’t include the name of a famous retailer on their dials, double-signed timepieces have simply skyrocketed.
From the Archives: Experience The Patek Philippe Museum. The Most Amazing Horological Museum in the World.
The Patek Philippe Museum is a must-see for any watch collector. Located in the heart of Geneva on Rue des Vieux-Grenadiers 7, this museum holds the largest collection of horological pieces and the most fascinating horological exhibit in the world. The Patek Philippe Museum holds more than 2,200 timepieces within their collection divided into two segments, the antique collection dating from 1500-1850 and the Patek Philippe collection that includes not only almost every single reference ever released by Patek Philippe —including commemorative pieces from their various anniversaries as well as unique pieces— but also some of the impressive Henry Graves Jr.'s timepieces, the Supercomplication 'Duke of Regla', the Calibre 89 and a special exhibit with all the pieces commemorating the 175th anniversary amongst others. Once you make yourself into the museum an air of grandeur fills every corner.
News: The Patek Philippe Museum Celebrates its 20th Anniversary
Inaugurated in November 2001, the Patek Philippe Museum in Geneva houses one of the world’s most important and prestigious horological collections. Some 2,500 watches, automata, precious objects, and portrait miniatures on enamel invite the visitor on a fabulous voyage through five centuries of Genevan, Swiss, and European horological art, as well as proposing a panoramic view of Patek Philippe’s production since 1839.
Introducing: Patek Philippe World Time Flyback Chronograph ref. 5930P-001
The new Patek Philippe World Time Flyback Chronograph reference 5930P-001 is a new version in platinum with a green dial and a green alligator strap. Inspired by a one-of-a-kind model from 1940, this new reference 5930 combines two functions: a self-winding flyback chronograph and World Time. Initially, this model was launched in 2016 in a white gold version with a blue dial and matching strap.
Introducing: Patek Philippe Flyback Chronograph Annual Calendar ref. 5905/1A-001
The new Patek Philippe Flyback Chronograph Annual Calendar reference 5905/1A-001 is a resolutely sporty version in steel with an integrated bracelet and a sunburst green dial. Launched as a platinum model in 2015, then in rose gold in 2019, reference 5905 combines two practical and easy-to-use complications: an automatic flyback chronograph and a patented Annual Calendar.
Introducing: Patek Philippe Split-Seconds Chronograph Perpetual Calendar ref. 5204R-011
Patek Philippe introduces three new versions of chronographs with additional complications expanding its vast selection of chronographs by unveiling three variations of the 5204, 5905, and 5930 models that illustrate its expertise in the field of complications, particularly in the measurement of short times. The chronograph has always played a leading role amid the vast repertoire of Patek Philippe complicated watches.
Experience: Patek Philippe. A Chronological Journey of The Manufacture's Rich History.
May 1st, 2014 marked the 175th anniversary of the establishment of one of the oldest and finest watchmaking manufactures of all time. Patek Philippe is Geneva's oldest independent family-owned watch manufacturer. Its independence enables it to go its own way and control its own destiny while pursuing a long-term vision.
From the Editor: Seems I've Identified the Gregory Pau that Consigned the Olive Green Patek Nautilus to Antiquorum
Well, I’ve done my thorough research as this is a very hot topic. Yesterday, I told you about the Patek Philippe Nautilus ‘Olive Green’ ref. 5711/1A-014 that sold for almost half a million dollars —$490,000 USD to be precise— at the Antiquorum auction in Monaco. After my rant about the watch industry and the nonsense going on with regards to the pricing bubble and the lack of inventory from brands like Patek Philippe, Audemars Piguet, and Rolex, it’s time to now release some details on who the consigner of the watch seems to be.
From the Editor: Sealed Patek Nautilus 'Olive Green' Sold for $490,000 USD by Antiquorum Showing the Original Purchaser's Name. What's Next?
When I saw Antiquorum’s lot 152 —the new Patek Philippe Nautilus ‘Olive Green’ ref. 5711/1A-014— offered for sale at their auction at the Monte Carlo Hotel de Paris in Monaco today, the first questions that came to my mind were: Where is the watch industry going? Why are some watch collectors so greedy? Is someone getting blacklisted over this?
From the Archives: Patek Philippe Annual Calendar Chronograph ref. 5905P
Released in 2015, the Patek Philippe Annual Calendar Chronograph ref. 5905P in platinum quickly became one of the hottest watches and a grail watch for many. Available in two dial variations —blue or black—this is a perfectly designed Patek featuring a solid platinum case —with a total weight of 130.3 grams to be precise— that even at 42 mm in diameter, it’s not too big nor too small. As far as its complications, the Patek Philippe ref. 5905P is equipped with an annual calendar and a 60-minute chronograph. Even though the annual calendar automatically takes into account the differing lengths of individual months it is still unable to factor in the differing length of the month of February or the leap years like a Perpetual Calendar would.
Insider: Patek Philippe Minute Repeaters. History, Explanation and 10 Facts You Need to Know About Them.
The history of Patek Philippe and Minute Repeaters is a long one. A couple of years ago, we had the opportunity to participate in the Minute Repeater Training and Sound Tasting class at Patek Philippe in New York City. For those of you wondering if Patek invented the Minute Repeater, the answer is no. It was Daniel Quare who invented the repetition mechanism in 1680; however, when it comes to Minute Repeaters, we all have to agree that no one other than Patek Philippe makes the most classical, elegant and perfect sounding timepieces equipped with the king of all complications.
News: Patek Philippe Aquanaut Chronograph ref. 5968G in Blue and in Khaki Green
First released in 2018 in stainless steel with a black gradient dial with orange accents, the Patek Philippe Aquanaut Chronograph ref. 5968 returns to the center stage with two 18K white gold models. The first one, reference 5968G-001 with a midnight blue dial and blue matching strap, and the second one reference 5968G-010 with a khaki green dial and matching strap in the same color.
Watch Auctions: Patek Philippe ref. 570 'Calatravone', a Nautilus ref. 5711P and Four Different Series 2499s Sell for $10.6 Million USD at the Phillips GWA XIII
This past weekend May 8-9th, 2021 in Genève, Switzerland, Phillips Watches delivered —yet again— some incredible results at their Geneva Watch Auction XIII where six Patek Philippe watches within a total of 236 lots, fetched over $10.6 Million USD. A Patek Philippe ref. 570 'Calatravone', a Nautilus ref. 5711 in Platinum and Four Different 2499s all collectively broke the $10 million USD mark in another very exciting auction under the reigns of Aurel Bacs, who we like to call ‘King Midas’.
Insider: Patek Philippe Nautilus Travel Time Chrono ref. 5990/1R. Hands-On with the New King of All Nautiluses.
Twenty days after its release, we have the pleasure of bringing you our hands-on review of the new Patek Philippe Nautilus Travel Time Chronograph ref. 5990/1R. Following the success of the 5990/1A —one of our favorite Nautilus references—, Patek Philippe decided to launch a new iteration of this reference in 18K rose gold. Even though Patek’s stock images blew our socks off and we knew we would love the watch in person, handling this watch in the metal is a totally different story.
W&W 2021: Patek Philippe Calatrava 'Clous de Paris' ref. 6119 in Rose Gold and White Gold
A new design and a new movement for one of Patek Philippe’s most important classics. The famous Calatrava with the guilloched hobnail bezel is one of the most inimitable examples of the typical Patek Philippe style. It now comes in a new version with a decidedly contemporary look, a slightly larger diameter at 39 mm, and a dial with applied hour markers. This sleek, slender, and elegant men’s wristwatch in rose or white gold also has a totally new manually wound Patek Philippe movement with a power reserve of 65 hours.
W&W 2021: Patek Philippe Annual Calendar ref. 4947/1A. First Time in Stainless Steel.
The third notable debut: one of the biggest successes of the manufacture in a totally new version is the new Ref. 4947/1A-001 Annual Calendar. The very first version of this queen among useful complications with a round case in steel and a metal bracelet. Patek Philippe invented the ingenious Annual Calendar mechanism that was patented in 1996. It requires only one manual correction per year and so far has been available in various ladies’ and men’s models in three gold colors and in platinum.
W&W 2021: Patek Philippe ref. 5236P. Totally New Perpetual Calendar with One-Line Day-Date-Month Aperture.
For Watches & Wonders 2021 Patek Philippe introduces a totally new perpetual calendar with an innovative patented one-line display that displays the day, the date, and the month on a single line in an elongated aperture beneath 12 o'clock. This new in-line perpetual calendar premières in an elegant platinum case with a blue dial. As classic grand complications par excellence, perpetual calendars have always been prominently featured in Patek Philippe’s collections.
W&W 2021: Patek Philippe Nautilus Baguette Set Stainless Steel and Olive Green Dial ref. 5711/1300A-001. First Time Patek Pairs Diamonds with Steel.
With the new reference 5711/1300A-001, Patek Philippe introduces an exceptionally remarkable alliance combining stainless steel with baguette-cut diamonds that are usually only paired with precious metal watches. The characteristic shape of the bezel and case is emphasized with a row of 32 flawless Top Wesselton baguette diamonds —approximately 3.6 carats— set to the highest standards of the master jeweler’s art.
W&W 2021: Patek Philippe Nautilus ref. 5711/1A-014. Olive Green is the New Blue.
Following the announcement that 2021 will be the last production year of the stainless steel Patek Philippe Nautilus model Ref. 5711/1A with blue dial, Patek presents a totally new stainless steel reference with olive green sunburst dial. This new dial will also be available in a version featuring a bezel set with baguette diamonds.
