First Resold Patek Philippe Tiffany Blue 5711 Nautilus Fetches $3.22M USD
Representing a 6,028% return on its retail price.
The second Patek Philippe ‘Tiffany Nautilus’ to sell in public has changed hands for CHF 3,174,000 (approximately $3.22M USD) at Christie’s in Geneva.
While the first 5711/1A-018 was offered for sale by Tiffany & Co at Phillips New York in December 2021, the fact that it was the first watch in the 170-piece limited edition run and that all proceeds were going to charity saw the final price paid inflated to $6.2M USD by a bidding war.
As such, collectors were waiting for further examples to hit the resell market to give a more realistic indication of the edition’s true value.
The Patek Philippe Ref. 5711/1A-018 – with its co-signed, Tiffany blue dial – was created to mark the 170th Anniversary of Patek Philippe watches being sold through Tiffany & Co, with 170 pieces being sold for $52,635 USD.
With the reference being limited but not individually numbered, the example that sold at the weekend is physically indistinguishable from the first $6.2M USD watch.
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