FACTORY SEALED PATEK PHILIPPE 5711/1A-014 Green Dial For Sale - Stern's Sons Even Cant Get One

FACTORY SEALED PATEK PHILIPPE 5711/1A-014 Green Dial For Sale - Stern's Sons Even Cant Get One

Important Modern & Vintage Timepieces
Monaco, Jul 21, 2021

LOT 152
Patek Philippe
Ref. 5711/1A-014, self-winding, centre-seconds, date; “Nautilus Green dial”; stainless steel; sealed

EUR 50,000 - 150,000
USD 60,000 - 180,000 / HKD 462,000 - 1,390,000
Fine, large and rare, self-winding, cushion-shaped, gentleman’s wristwatch, “vert olive tramé” colour dial, with centre-second and date.

Patek Philippe “Nautilus” Anniversary editions
To celebrate the 30th Anniversary of the “Nautilus”, Patek Philippe launched the reference 5711 in 2006, featuring a slightly larger case design. Adding one millimetre to the case compared to the original reference 3700 and launched with a classic blue dial, it varied with a three-part case that was slightly thicker as well equipped with the calibre 324. In 2012, the manufacture added a new dial colour, this time with a white dial.

In 2016 to celebrate the 40th Anniversary of the “Nautilus”, a platinum version was launched featuring a logo at 6 o’clock to mark the milestone as well as baguette diamond markers and was limited to 700 examples.

During Watches and Wonders 2021, to the great astonishment of the collectors market, Mr. Thierry Stern, Patek Philippe’s CEO, announced that the reference was being discontinued this year and a final edition model would be launched this time featuring a green dial and a border around the date window.

Two models were launched including a stainless steel version with baguette indexes, known as Ref. 5711/1300A. This surprise announcement created a frenzy and collectors worldwide rushed to their authorised dealers to secure an allocation knowing the watch would only be produced for a year. While exact production numbers are not known, demand will always far exceed supply making this last-edition 5711 “Green” probably the hardest to get and the hottest watch on the current market.

Consigned by the original owner, we are proud to offer the first ever Ref. 5711 “Green dial" on the auction market and furthermore factory sealed ensuring that the next owner can get a brand-new untouched watch complete with all its accessories.

new Patek Philippe Nautilus with an olive green-dial may just be the hottest watch release of 2021. And now a never-before-worn example is heading to auction.

Antiquorum will offer up a Ref. 5711/1A-014 Nautilus as part of its Important Modern & Vintage Timepieces sale later this month in Monaco. Not only will the winning bidder end up with one of the most desired watches of the year, they’ll also get an example that comes sealed in a bag, meaning it hasn’t been touched since leaving the factory.

Ref. 5711/1A-014 was introduced earlier this year as a replacement for the Ref. 5711/1A-010—the discontinued version with a blue dial. The idea was that the new watch would help tamp down the outrageous secondary market for the Nautilus. So much for that. Less than three months after its release, the green dial is all but impossible to find and selling for up to 10 times its $34,893 retail price. They’re so in-demand that not even being related to Patek Philippe president Thierry Stern can help you get your hands on one.

“Even my sons are asking, ‘Can I have one?’,” Stern recently told WatchPro. “But the answer is no. On the positive side, though, it’s part of the beauty and myth of Patek Philippe.”

It’s easy to see why there’s so much demand for the watch. The olive green sunburst dial really helps this Nautilus stand out. The gorgeous dial is accented by luminescent hands and white gold hour markers, while the stainless-steel case and bracelet feature both satin brushing and polishing. The timepiece is also water-resistant up to 120 meters and powered by a self-winding caliber 26-330 S C mechanical movement.

This lot isn’t just noteworthy because of the watch, though, as hard to come by as it may be. The example being sold is still sealed in its factory plastic, a condition that’s incredibly rare. In 2017, the watchmaker banned authorized retailers from selling its watches this way—to indicate that Patek Philippes are supposed to be worn, not just collected. It would seem that someone has chosen to ignore this rule.

Its elusive status has skyrocketed the timepiece's price at auctions, and now, the Nautilus has broken a new record – selling for US$484,000 (S$689,644) at a recent online auction held by Sotheby’s.

The watch – a brand new Ref. 5711 in platinum with a blue jeans dial – is now the most expensive watch ever sold at an online auction. Only 30 to 50 Nautilus were ever produced in platinum, making it a rare, and therefore even more highly prized, bird than the steel version

[watchclog]

The AD that sold it is in so much trouble - and as the movement number is in plain view- patek knows who it is

[iangibson]

I think it will go for 400k plus!!!
Stunning watch - but think of the collection that could be bought for that price!!

[ducngocducngoc]

Why patek in market Thailand have the price is not too much?

[guillaumeperret]

why is it so expensive on the grey market, how can we stop this price inflation? By controlling who buy the watch at the retail shop? Do the factory plays a role in this price inflation?

[edgarthejeweler]

we should do a watch talk zoom video!!!

[secretariat-]

I still don’t get the sales policies of these manufacturers but to each its own. I believe this watch is surely going to a wealthy collector who probably owns a few RM’s, Rolexes and will fetch around 450K, the watch is beautiful, we have people paying millions for ugly paintings so this timepiece a work of art in its own right should do well, I’d definitely bid if my pockets were super deep

[teslapete]

i was exited for this watch, but i saw it in another youtuber's video and it looked pretty bland and not even that green in reality. was kinda disappointed.

[jackey]

Patek needs to nail down on the AD who sold this piece. It is such a shame to all watch collector community...

[greaterbayareahero]

Overhyped price since it’s just not hard to make…his son cannot get one because he wasn’t going to pay for it..

[marcbvjacques]

the green dial for so much expensive and to make money !
shame to the seller