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  • Manufacturer: Patek Philippe
    Year: 2021
    Reference No: 5711/1A-018
    Movement No: 7'441'868
    Case No: 6'497'092
    Model Name: Nautilus
    Material: Stainless steel
    Calibre: Automatic, cal. 26-330 S C, 30 jewels
    Bracelet/Strap: Stainless steel Patek Philippe bracelet, max overall length 190mm
    Clasp/Buckle: Stainless steel Patek Philippe deployant clasp
    Dimensions: 40mm Diameter
    Signed: Case, dial, movement and bracelet signed
    Accessories: Accompanied by a dated (December 11) Patek Philippe Certificate of Origin from Tiffany & Co. in New York, fitted presentation box, leather envelope, and product literature.

  • Catalogue Essay

    Phillips is extremely honored and thrilled to present the very first Patek Philippe Nautilus ref. 5711/1A-018 with a stunning, Tiffany Blue® lacquer dial. It is, without a doubt, amongst the most exciting, exclusive, and coveted examples of a Nautilus ever offered.

    Announced to the public just days ago, this limited series Nautilus celebrates the 170-year alliance between Patek Philippe and Tiffany & Co. that remains one of the longest and most enduring relationships in all of watchmaking. A total of 170 timepieces will be produced and available exclusively through Tiffany locations in New York, Beverly Hills, and San Francisco – with the exception of this very watch. The present lot is therefore the first timepiece to be sold, and will be available for immediate delivery to the winning bidder.

    The Nautilus reference 5711 is the modern iteration of the first luxury sports wristwatch by Patek Philippe, first launched in 1976 as the reference 3700. Premiering in 2006, the reference 5711 updated the Nautilus for modern times with new innovations, such as an exhibition caseback, and an in-house, self-winding movement with center seconds.

    Selected by Tiffany’s founder, Charles Lewis Tiffany for the cover of its annual Blue Book published beginning in 1845, the dial’s “Tiffany Blue” color is immediately recognizable for its distinctive shade and vibrancy. Tiffany Blue is now registered as a color trademark by Tiffany & Co., standardized as a private custom color by Pantone as “1837 Blue” – with the number marking the year of Tiffany’s founding. Not only featuring a Tiffany Blue-colored dial for the first time ever, the dial is also double stamped with the exclusive “Tiffany & Co.” signature at 6 o’clock paired with the Patek Philippe logo at 12 o’clock – both in black print. The luminous, baton hour markers and hands are in blackened 18K white gold, perfectly matching the printing, while providing outstanding legibility against the dial’s light blue lacquered surface.

    Soon to be retired in 2022, this last version of the reference 5711 is fitted with the self-winding caliber 26-330 S C. Featuring a stop-seconds mechanism permitting time to be set with one-second accuracy, this state-of-the-art movement is visible through a sapphire-crystal caseback, inscribed “170th Anniversary 1851-2021 Tiffany & Co. - Patek Philippe”.

    Accordingly, the watch pays tribute to the historic, 170-year shared vision and relationship that links Patek Philippe with the United States. Soon after Patek Philippe (1839) and Tiffany & Co. (1837) were founded, in 1851, the two companies forged an agreement that made Tiffany & Co. the first official partner for Patek Philippe timepieces in the U.S. In 1876, the two companies signed a new agreement appointing Tiffany & Co. as the general representative for the U.S. “who safeguards the interests of Patek Philippe & Cie. as if they
    were its own interests”. At the same time, Patek Phillipe pledged to safeguard Tiffany & Co.’s interests as evidenced by a large sign “Agents for Tiffany & Co., New York” at Patek Philippe’s historic headquarters in Geneva. On the premises of the same Patek Philippe Salons in Geneva, there is further proof of this enduring relationship: a large steel vault formerly owned by Tiffany & Co. and decorated by an American eagle sporting two flags.

    During the early 1900s, Tiffany & Co. supported key relationships between Patek Philippe and major American collectors, including Henry Graves Junior, for whom the manufacture crafted an extensive range of complicated watches. In the 21st century, Patek Philippe created several limited editions for Tiffany & Co., many of which commemorate important dates and featuring double-stamped dials for both brands, including the ref. 5150 Annual Calendar launched in 2001, the ref. 4987 Gondolo launched in 2009, and the ref. 5396G-012 in 2012. This last reference commemorated the fifth anniversary of the Patek Philippe Boutique at Tiffany & Co, which opened in 2008 and was the manufacture’s first boutique in the U.S.

    Today, Tiffany & Co. remains the world’s only retailer whose name appears on a Patek Philippe dial, making any Tiffany-signed timepiece extremely sought after. Throughout the 19th, 20th, and 21st centuries, much has changed, but the relationship between Tiffany & Co. and Patek Philippe has only grown. The present lot, offered in factory new condition, is a rare and stunning limited series Nautilus exemplifying the strength of their long-lasting partnership, and is certain to delight any watch enthusiast.

    One hundred percent of proceeds from the sale of this watch will benefit The Nature Conservancy (TNC). Founded in the U.S. in 1951, TNC is a global environmental nonprofit working to create a world where people and nature can thrive. Its mission is to conserve the lands and waters on which all life depends and shape a brighter future for people and our planet. To date, TNC has protected more than 119 million acres of land and 5000 river miles worldwide, with the past support of Tiffany & Co. and The Tiffany & Co. Foundation. With conservation programs in more than 70 countries around the world, their programs are dedicated to food and water sustainability, protecting land and water, deploying solutions for climate change, and building healthy cities.

    Subject to local laws, the buyer of this Lot may be entitled to claim a charitable contribution deduction. Under IRS regulations, a deduction will be limited to the excess of the lot’s hammer price paid over its fair market value. Phillips good faith estimate of the Lot’s fair market value is USD $52,635. Bidders are strongly advised to consult their own tax advisors to determine the application of their local tax laws to their specific circumstances and whether a charitable contribution deduction is available to them.

    Following the sale of the Lot, Phillips will provide the buyer with the Nature Conservancy’s contact information should the buyer wish to benefit from a charitable contribution deduction that may be available to them.

  • 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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1T

Lot offered with No Reserve

Ref. 5711/1A-018
An historic, highly important, and brand-new stainless steel wristwatch with “Tiffany Blue” lacquer dial, date and bracelet, with certificate of origin and presentation box, with proceeds benefitting The Nature Conservancy.

2021
40mm Diameter
Case, dial, movement and bracelet signed

Estimate In Excess of $50,000

Sold for $6,503,500

Contact Specialist

Paul Boutros

Head of Watches, Americas

+1 (212) 940-1293

[email protected]

 

The 2021 New York Watch Auction

New York Auction 11 - 12 December 2021