As a prolific, successful, and prosperous company, Patek Philippe has the luxury to do what it wants; including discontinuing any model they wish to. This particular character has earned the renowned Swiss watchmaker a lot of prestige amongst the elites. But this time, Patek has done something that has quite literally left the people questioning Patek’s sanity!
The Nautilus collection, as we know, is one of the most sought after in Patek’s catalogue and, more specifically, the Ref.5711. To everyone’s surprise, Patek has discontinued its most-loved watch. But, why! Before we figure that out, one thing is for sure. After the discontinuation of Patek’s most loved reference, the current scenario is that people are going crazy to get hold of one. Let alone its demand in the pre-owned market. This comes as great news for those who need some immediate cash. If you have a Nautilus Ref.5711, you can use the watch as collateral and seek a loan against watches to get an incredible value!
Coming back to the bittersweet question, why did Patek Philippe stop manufacturing a model that was so evidently working for them? While the answer is not yet confirmed, the collectors and watch lovers have already shown a lot of disappointment.
Before we bid a final goodbye, let’s talk about how great the Patek 5711 was.
4 reasons that make the Patek Nautilus 5711 so desirable are:
Patek puts in a lot of effort to produce its timepieces, and the Nautilus 5711’s appeal is significantly related to its versatility. Unlike most sports watches with a thick body, the Nautilus is sleek and thin. The ‘Late’ (if we’re allowed to say so) Nautilus 5711 was the brand’s modern, contemporary version of steel luxury sports watch that came with a slender profile and an integrated bracelet.
When something is scarce, people want more and more of it. The same logic holds for the Nautilus 5711. It could take a decade to get this Patek Philippe timepiece. So, the demand for this exotic looking watch is well imaginable!
Unlike most luxury brands, Patek wants the wearers to get a glimpse of the movement cased inside and hence, offers a sapphire case-back that reveals the Calibre 324 SC inside. Not just that, even the bezel of the watches resemble the porthole of a submarine.
4. Amazing Investment
The Nautilus is a safe bet (provided you can arrange to get one). The watches not just retain their value but also appreciate! Also, looking at the maddening demand of the now-extinct model, it is only apparent that the model’s price will increase extensively in the pre-owned market, making it an even safer investment.
For those lucky folk who own this fantastic model, the Nautilus enjoys a heated demand in the secondary market. So, if you need to arrange some instant cash, you can pawn your watches to meet your requirement. As the watch gets scarcer, the prices get even higher.
For the rest, who do not have one yet, all we can say is that we still have hope! Will Patek Philippe surprise everyone with something more unique? There’s a huge possibility that Patek will launch a larger model which remains true to the 5711 references. Excited? Hold tight as it is only time to unveil Patek’s true intention.