Patek Philippe - The Hong Kong Watch Auction: XIV Hong Kong Friday, May 27, 2022 | Phillips

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  • Condition Report

  • Description

    View our Conditions of Sale.

  • Manufacturer: Patek Philippe
    Year: Circa 2017
    Reference No: 5711/1P-001
    Movement No: 7’034’567
    Case No: 6’176’750
    Model Name: Nautilus
    Material: Platinum
    Calibre: Automatic, cal. 324 S C, 29 jewels
    Bracelet/Strap: Platinum Patek Philippe bracelet, max length 190mm
    Clasp/Buckle: Platinum Patek Philippe deployant clasp
    Dimensions: 40mm diameter
    Signed: Case, dial, movement, bracelet and clasp signed
    Accessories: Accompanied by Patek Philippe Certificate of Origin stamped Vaccari Gioelli dated 24th April 2017, attestation, instruction manual, product literature, outer packaging and fitted cork presentation box.

  • Catalogue Essay

    It is fair to say that today collectors are seeing a new dimension in the Nautilus collection as 2022 marks the 45th anniversary for the famed model with the anticipation that a new chapter will be introduced marking an end to one of the greatest and most iconic periods of the Nautilus. The past decade has been an interesting one for the Nautilus, where the market witnessed the rise in demand and value on a whole new level, new complications implemented and finally, record breaking auction results.

    First launched in 1976, the Patek Philippe Nautilus was the firm’s answer to the rising trend for luxury stainless steel sports watches. Designed by none other than Gearld Genta, the inspiration from a ship’s porthole is one that was familiar through the Royal Oak released four years prior. With that said, the Nautilus is certainly a class of its own featuring a streamlined design that has been refined over the years interpreted through all the references launched.

    In 2016, Patek Philippe sent shockwaves through Baselworld when they revealed two limited edition references to celebrate the 40th anniversary of the Nautilus via the ref. 5976/1G chronograph (limited to 1,300 pieces) and the 5711/1P-001 (limited to 700 pieces). Both presented with a never seen before shade of blue ribbed dial, with its commemoration dates stamped on the surface “1976-40-2016”, the feature is one that has never been witnessed on a Nautilus model before.

    One of the most sought-after Nautilus references in the market today, the ref. 5711/1P-001 has witnessed a tremendous growth in value. With the discontinuation of the ref. 5711, the demand for the reference has sored even more. The present example from circa 2017 is fresh-to-the-market and is offered in “like new” overall condition, complete with its full set of accessories.

  • Artist Biography

    Patek Philippe

    Swiss • 1839

    Since its founding in 1839, this famous Geneva-based firm has been surprising its clientele with superbly crafted timepieces fitted with watchmaking's most prestigious complications. Traditional and conservative designs are found across Patek Philippe's watches made throughout their history — the utmost in understated elegance.

    Well-known for the Graves Supercomplication — a highly complicated pocket watch that was the world’s most complicated watch for 50 years — this family-owned brand has earned a reputation of excellence around the world. Patek's complicated vintage watches hold the highest number of world records for results achieved at auction compared with any other brand. For collectors, key models include the reference 1518, the world's first serially produced perpetual calendar chronograph, and its successor, the reference 2499. Other famous models include perpetual calendars such as the ref. 1526, ref. 3448 and 3450, chronographs such as the reference 130, 530 and 1463, as well as reference 1436 and 1563 split seconds chronographs. Patek is also well-known for their classically styled, time-only "Calatrava" dress watches, and the "Nautilus," an iconic luxury sports watch first introduced in 1976 as the reference 3700 that is still in production today.

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Please note, this Lot is a Premium Lot. To bid on the Lot you must complete and satisfy our Premium Lot pre-registration procedure no later than 24 hours before the start of the Auction session in which it is offered. Please also note that all bidders must place bids in person, via absentee bid, or by telephone. Please contact the Department for details.

884

Ref. 5711/1P-001
A very fine, rare and highly sought-after limited edition platinum wristwatch with center seconds, date, diamond-set indexes, bracelet, Certificate of Origin and presentation box, limited edition of 700 pieces, made for the 40th Anniversary of the Nautilus

Circa 2017
40mm diameter
Case, dial, movement, bracelet and clasp signed

Estimate
HK$1,500,000 - 3,000,000 
€184,000-367,000
$192,000-385,000

Place Advance Bid
Contact Specialist

Thomas Perazzi
Head of Watches, Asia 
+852 2318 2031
[email protected]

The Hong Kong Watch Auction: XIV

Hong Kong Auction 27 - 28 May 2022