The reference 5980 was the first Nautilus offered with a chronograph function, making its debut in an all steel version in 2006. Powering the 5980 was Patek Philippe’s first in-house, self-winding chronograph, the caliber CH 28-520. To simplify the layout of the dial, Patek chose to combine all of the chronograph functions into one co-axial subdial for elapsed minutes and hours, similar to the annual calendar ref. 5960, an innovative and unusual time display for the manufacture. The two-tone 5980, in stainless steel and 18K pink gold, was introduced at Baselworld in 2013, and subsequently discontinued in early 2024.

Of course, the rarity and desirability of this particular reference 5980 is found on the dial: the prestigious and elusive Tiffany & Co. signature. The enduring partnership between Patek Philippe and Tiffany & Co. has resulted in some of the most coveted timepieces of the modern era. The earliest piece known from Patek Philippe to be sold through Tiffany & Co. was delivered on December 31st, 1852, a hunter case pendant watch with blue enamel guilloché and diamond stars on the front and back covers. Since the 1990s, Tiffany & Co. remains the only retailer that is still allowed to stamp their logo on the dial of Patek Philippe watches.

Fresh-to-the-auction-market, the present 5980/1AR is in near perfect condition, now discontinued, and comes with its full set of accessories – a perfect storm of collectability.