Patek Philippe announces the final release of its limited edition Nautilus Ref. 5711 watches in collaboration with Tiffany & Co. on Monday, December 6, 2021. this highly anticipated watch has genuinely created a buzz.
The dial is in the iconic Tiffany blue color and is signed by both brands, Patek Philippe at midnight and Tiffany & Co. at 6 o’clock. The Tiffany 5711 is equipped with a 26-330 S C self-winding movement, visible through the sapphire crystal caseback, and is engraved with the words “170 years of Tiffany & Co. 1851-2021”. With only 170 pieces produced, this watch will be one of history’s most popular Patek Philippe watches.
The limited edition 5711, which will be retired in 2022, will be sold at Phillips Auctions on December 11, 2021. While there is no reserve or estimate, it is expected to exceed the price of the olive green factory-sealed Nautilus 5711/1A, which went for almost half a million dollars at Antiquorum in July. One hundred percent of the proceeds from selling this latest Patek Philippe Tiffany watch will be donated to The Nature Conservancy.
While all Patek Philippe watches carry a highly exclusive and expensive price tag due to their high performance, technical detail, long production run, and low inventory compared to other brands, the Patek Philippe Tiffany is expected to be one of the brand’s most expensive and popular watches to date.
Launched in 1976, the Nautilus was one of the first luxury sports watches made of steel. While this model is one of the brand’s most famous creations, the Nautilus’ popularity increased when the brand replica watches the 5711 in 2006 to celebrate the Nautilus’ 30th birthday. When the brand released two new Nautilus models for its 40th anniversary in 2016, interest in the 5711 grew like a snowball, and its popularity rose again.
Today, around 20% of Patek Philippe watches come from the Nautilus collection. With the announcement earlier this year that the Nautilus 5711 was being phased out, collector demand has skyrocketed, increasing the watch’s value.
Since then, the duo has released several collaborative watches, the first of which was launched in 2001 to celebrate their 150th anniversary together. Each limited edition watch features the signature of both brands on the dial. Today, Tiffany & Co. is the only retailer in the world whose name appears on the dial of a Patek Philippe, making these watches highly sought after by watch collectors.