Declining Prices Present Opportunities for Patek Philippe Nautilus Ref. 5711 Buyers

Nautilus Ref. 5711 Prices See a 30% Decline as Pre-Owned Market Hits Three-Year Low

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Keeping an eye on the secondary watch market trends can provide valuable insight, especially when iconic models experience price fluctuations. The Patek Philippe Nautilus Ref. 5711, a model that has long been at the centre of luxury watch hype, has become a focal point of these market shifts.

In 2021, Patek Philippe made headlines by discontinuing its best-selling watch the Nautilus Ref. 5711/1A-010, a stainless steel timepiece originally retailing for $33,000. With its sleek design and black-blue dial, demand soared, leading to waitlists spanning up to eight years, and secondary market prices skyrocketing into six figures.

 
Buying Opportunity: Nautilus Ref. 5711 Prices Drop by 30%
However, recent data shows a shift in the pre-owned market. According to EveryWatch, a digital platform analysing auction house data, demand for the Nautilus, while still strong, is softening in terms of price. At its peak in 2022, the median price for the 5711/1A reached $131,504, but that figure has since fallen to $89,404—a nearly 30% decrease.

This decline mirrors a broader trend in the luxury watch sector, where pre-owned watch sales have seen their lowest volume in three years. While market enthusiasm for the Nautilus remains, the cooling prices could offer a rare buying opportunity for collectors who have long been priced out.

Pre-Owned Watch Market Hits Three-Year Low
The Nautilus, first launched in 2006 and available in 18 different variations, including precious metals and gem-set models, remains one of the most sought-after watches in the world.

The recent correction in the pre-owned market should not be seen as a long-term decline but rather a temporary adjustment. For retailers, this presents a chance to acquire stock at more manageable prices, while still capitalising on the brand’s enduring desirability. Jewellers who focus on high-end timepieces might consider exploring Nautilus inventory or advising their customers on potential investment opportunities as the watch market stabilises.

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