Watch auction platform, Watch Collecting, has released details its top ten results since launching in March, whilst opening the bidding on a platinum Patek Philippe split seconds chronograph.
Perhaps unsurprisingly the list consists of just two brands, namely Patek Philippe and Rolex, and was heavily dominated by modern examples of Patek’s 5711 Nautilus, due the hype surrounding the model.
The company’s biggest win so far was a five-year-old, “Double Sealed” Patek Philippe Nautilus Ref. 5711, which hammered for $113,305 USD back in March. The watch was not only still inside its factory-sealed plastic wrapping, but also the cardboard shipping carton.
Since 2017, Patek has instructed its authorised dealers to remove both forms of packaging before they are handed over to customers to prevent flipping on the grey market, making such examples increasing rare.
Second and third spots were taken by new and nearly new platinum Rolex Cosmograph Daytona watches from 2021 and 2019, selling for $110,527 USD and $109,840 respectively, while a 2015 Patek Philippe 5711 Nautilus took fourth, achieving $108,652 USD.
Demonstrating that even Patek Philippe’s more esoteric models can be a safe investment, one of 100 platinum examples of the brand’s 50th Anniversary Golden Ellipse Ref. 5738/50P-001 sold for $96,152 USD, representing a modest $6,152 USD appreciation in the three years since it dropped.
Two more Nautilus 5711 examples from 2015 and 2013 occupied sixth and seventh places selling for $92,718 USD and $89,971 USD respectively, while a 1993 Rolex Submariner with Lapis Lazuli dial became the eighth most valuable piece sold on the platform, achieving $88,217 USD.
Patek took the final two spots with a 2017 steel Nautilus Travel Time Chronograph 5990/001A achieving $87,257 USD and a 2020 Aquanaut selling for $85,201 USD.
Watch Collecting launched in April as an zero selling fee off-shoot of Collecting Cars, a timed auction platform devoted to cars that has achieved sales of $180m USD and broken three world record prices since launching in 2019.
The latest watch the platform has listed, and one that should almost certainly take the place of one of those listed above, is a 2017 Patek Philippe Ref. 5370P-001, a split-second chronograph with black Grand Feu enamel dial and applied white gold Breguet numerals, which is open to bids until Tuesday 24 August at 10:30AM EST.
The watch is supplied with box, papers and the originally supplied alternative closed metal caseback. Bidding currently stands at $82,400 USD (£60,500 USD).
In other watch news, World Cup-winning streetware founder develops custom skeletonized Rolex GMT-Master II.