Time is running out for luxury watch collectors to get their hands on this iconic timepiece.
Luxury watchmaker Patek Philippe has announced the final release of its popular Nautilus Ref. See 5711 in a limited series with Tiffany & Co. on Mondays.
The series will be limited to 170 timepieces running at approximately $53,000, in honor of a 170-year partnership between the Swiss watchmaker and American jeweler.
The partnership began in 1851, when Antoine Norbert de Patek and Charles Tiffany met in New York. Tiffany’s signed a deal with Patek Philippe in 1854, becoming the first retailer in America to carry exclusive timepieces. And the deal has survived several ownership changes over the years, including Tiffany’s being acquired by French luxury giant LVMH in January 2021 for $15.8 billion.
Nautilus ref. The 5711, first introduced in 2006, rose to fame through social media influencers and celebrity watch enthusiasts showing off the special wrist trophy. But in January 2021, Patek Philippe announced that it was Finished production of ref. 5711, stating that the demand was overwhelming. So this limited-edition collection might be the last chance for Nautilus lovers to get their hands on one.
Nautilus was always intended to be a status symbol. When the first model was released in 1976, Its cost is $3,100 . Is – The hefty price of a steel watch at that time.
Here are the previous limited editions Patek Philippe made for Tiffany’s:
2001 – Referee. 5150R, 5150J and 5150G – 450 Watches
2009 – Referee. 4987G-001 and 4987G-010 – 100 Watches
2012 – Referee. 4987G-001 and 4987G-010 – 50 Watches
2012 – Reference. 5396G-012 – 100 Watches
Today, the Nautilus typically sells for $34,890. But the new model – which will feature stainless steel and Tiffany Blue dials – $52,635 . will be sold in At Tiffany’s stores in New York, San Francisco and Beverly Hills.
In recent years, Tiffany’s has tried to attract younger consumers by collaborating with much smaller brands such as streetwear maker Supreme from Patek Philippe.