The First Patek Philippe Tiffany Blue 170th Anniversary Nautilus Has Sold for a Staggering $6.5 Million USD
Going to a New York buyer.
History has just been made at Phillips New York with the sale of the very first Patek Philippe Tiffany & Co. 5711/1A-018 Nautilus.
As officially the first one made available to the market, the watch quickly broke its humble estimate of “excess of $50,000 USD” when the bidding started off at $20,000 USD, where it proceeded to jump to its retail price of $50,000 USD before blasting off into the six digits — jumping $100,000 USD with each bid. The impressive $3.5 million USD price kept increasing until the hammer dropped at $5.35 million USD to a buyer in New York.
Factoring the auction premium, the final price tag for this watch is a staggering $6.5 million USD, with all proceeds going to the Nature Conservancy. Hate it or love it, this sale marks another milestone for the luxury watch industry.
In other watch news, Richard Mille engages sports mode with the RM 035-03 Rafael Nadal Automatic.
