Patek Philippe Ref. 5711/1A Sets Auction Record
Auction house Antiquorum sold a new Patek Philippe Nautilus Ref. 5711/1A with green dial, setting a new benchmark in the overheated sports watch segment.
The post Patek Philippe Ref. 5711/1A Sets Auction Record appeared first on LUXUO.
Image: Idiome Agency_Joy Corthésy
Swiss auction house Antiquorum has sold a brand new Patek Philippe Nautilus Ref. 5711/1A with green dial for US$470,000 (fees included), a new record for this model.
In fact, we think it is the highest price achieved for any wristwatch in steel, without complication, entirely new and still available at retail. The retail price on that watch is roughly US$33,000, with variations in some markets due to currency exchanges and prevailing taxes. See our story on auctions and the like for more on the subject of fees, taxes and hidden costs.
READ MORE: Can?t Get Your Dream Watch At A Dealer" Here?s What To Do
The very first lines of this story explain why this sale is news, but this is only part of it. Already, the Internet is awash in outrage about the sale of this particular Patek Philippe Nautilus ref. 5711. We have already said we do not think new watches of any sort should be appearing at auction (in the above-linked story but also in the pages of WOW). No need to revisit that point. Instead, we want to add a little colour to some details about this specific Patek Philippe Nautilus Ref. 5711/1A.
Image: Idiome Agency_Joy Corthésy
Antiquorum offered this watch complete with factory...
The post Patek Philippe Ref. 5711/1A Sets Auction Record appeared first on LUXUO.
Image: Idiome Agency_Joy Corthésy
Swiss auction house Antiquorum has sold a brand new Patek Philippe Nautilus Ref. 5711/1A with green dial for US$470,000 (fees included), a new record for this model.
In fact, we think it is the highest price achieved for any wristwatch in steel, without complication, entirely new and still available at retail. The retail price on that watch is roughly US$33,000, with variations in some markets due to currency exchanges and prevailing taxes. See our story on auctions and the like for more on the subject of fees, taxes and hidden costs.
READ MORE: Can?t Get Your Dream Watch At A Dealer" Here?s What To Do
The very first lines of this story explain why this sale is news, but this is only part of it. Already, the Internet is awash in outrage about the sale of this particular Patek Philippe Nautilus ref. 5711. We have already said we do not think new watches of any sort should be appearing at auction (in the above-linked story but also in the pages of WOW). No need to revisit that point. Instead, we want to add a little colour to some details about this specific Patek Philippe Nautilus Ref. 5711/1A.
Image: Idiome Agency_Joy Corthésy
Antiquorum offered this watch complete with factory...
-------------------------------- |
|
Opinion: Relocation in Asia ? Balancing Real Estate and Environmental Quality
02-05-2024 04:04 - (
luxury )