Olive Green Patek Philippe Nautilus Sells For Nearly x11 Retail at $376,000 USD

Fees will take the final price up to $470,000 USD.

Watches
25,205 Hypes 0 Comments

The first olive green Patek Philippe Nautilus to reach the auctioneer’s block has sold for nearly half a million dollars in Monaco today.

Achieving such a price for what is a relatively simple stainless steel, three-hand automatic with date is evidence that, when it comes to a handful of specific watches, the watch market is currently superheated.

The hammer price, even before taking into account Antiquorum’s 25% “Buyer’s Fee”, of 320,000 Euros represents almost 11 times the $34,893 USD retail price of the watch.

The watch in question was sold still sealed inside its plastic factory wrapping, something that was outlawed by Patek Philippe in 2017. Patek Authorised Dealers were ordered to stop supplying sealed watches to customers to prevent such flipping and the brand is certain to take a keen interest in where this watch originated from, its case and movement numbers were visible in the press images supplied by Antiquorum.

Patek would almost certainly take action against any retailer who supplied the watch still sealed, potentially withdrawing their AD status entirely.

The green dialed Ref. 5711-1A/014 was announced following the discontinuation of the famed Ref. 5711 model and was meant to placate at least some of the customers who had been unable to secure the blue-dialled model, despite being on waiting lists for years. Instead, it has had the opposite effect becoming the hottest watch of the year, with Patek Philippe president Thierry Stern recently admitting that he has even had to turn down his sons’ requests to buy the model.

In other watch news, Jeff Bezos and crew wear custom Speedmasters for their journey to space.

Read Full Article

What to Read Next

The Green Patek Philippe Nautilus 5711 Is Reselling For 900% Over Retail
Watches

The Green Patek Philippe Nautilus 5711 Is Reselling For 900% Over Retail

That’s the price of three blue dial 5711s.

First Green-Dialed Patek Philippe Nautilus Appears at Auction - Still Sealed
Watches

First Green-Dialed Patek Philippe Nautilus Appears at Auction - Still Sealed

Sealed Pateks were outlawed four years ago.

ICONS: The Patek Philippe Nautilus
Watches

ICONS: The Patek Philippe Nautilus

The rise and hype of Patek’s suave masterpiece.


Patek Philippe CEO Thierry Stern Reveals Even His Son Can't Get a Green Nautilus
Watches

Patek Philippe CEO Thierry Stern Reveals Even His Son Can't Get a Green Nautilus

But fear not, “something else is coming.”

Pininfarina's First Bespoke Battista Is Inspired by New York City
Automotive

Pininfarina's First Bespoke Battista Is Inspired by New York City

Featuring industry-first carbon fiber treatment.

10 Must-Watch TV Shows Premiering In 2021
Entertainment

10 Must-Watch TV Shows Premiering In 2021

From Netflix’s ‘Money Heist’ to HBO’s ‘Succession’ and Apple TV+’s ‘Ted Lasso,’ the second half of the year still has a lot to offer.

Brisbane Will Officially Host the 2032 Summer Olympics
Sports

Brisbane Will Officially Host the 2032 Summer Olympics

Australia is now a three-time Olympic host.

Bitcoin Bounces Back Above $30,000 USD After Another Slump
Tech

Bitcoin Bounces Back Above $30,000 USD After Another Slump

Will crypto markets recover?

Nike Air Presto Mid Utility Arrives in a Darth Vader-Esque Colorway
Footwear

Nike Air Presto Mid Utility Arrives in a Darth Vader-Esque Colorway

Following the “Boba Fett” colorway.


Bodega Celebrates 15-Year Anniversary With PLEASURES Capsule
Fashion

Bodega Celebrates 15-Year Anniversary With PLEASURES Capsule

“BUILT TO LAST.”

Kanye West ‘DONDA’: Everything We Know So Far
Music 

Kanye West ‘DONDA’: Everything We Know So Far

‘JESUS IS KING’ meets ‘YEEZUS’? Here’s what early reports have revealed.

The Avalanches Announce 2022 North American Tour
Music

The Avalanches Announce 2022 North American Tour

The duo recently released a deluxe edition of their celebrated debut album, ‘Since I Left You.’

Taco Bell Rolls Out New Flatbread Tacos
Food & Beverage

Taco Bell Rolls Out New Flatbread Tacos

Pita-like tacos just hit different.

Las Vegas To Build $4 Billion USD Arena in Hopes To Get an NBA Franchise
Sports

Las Vegas To Build $4 Billion USD Arena in Hopes To Get an NBA Franchise

All Net Resort and Arena are set to break ground in Las Vegas this October.

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Adblock Detected.

We charge advertisers instead of our readers. If you enjoy our content, please add us to your adblocker's whitelist. We'd really appreciated it.