Try finding a platinum Patek Philippe Nautilus. Not easy. Now try finding a platinum Patek Philippe Nautilus with a ruby-set bezel and dial. Rather impossible.
Antiquorum’s forthcoming Hong Kong auction is quite a unique occasion, offering the rarest selection of vintage Pateks to ever surface the Asian market, including a 2497, a third series 2499, and the contemporary 5971P. And the highlight of this highly-anticipated sale? A platinum, ruby-set Replica Patek Philippe reference 5711, of course. This unfathomably-rare Patek Philippe Nautilus is the antithesis of vintage. Circa 2015, this Patek is one of only five pieces in existence.
Why were so few examples of this watch produced? Simply, when you manufacture a watch worth more than a Ferrari, your client base is, let’s just say, exceptionally discerning. Patek’s manufacturing capabilities would have allowed for the production of more than just five examples, yet I assume Mr. Stern’s primary goal was to maintain this piece’s exclusivity. And, as a collector myself, it’s always more enticing to acquire a wristwatch that was produced in an extremely finite quantity; having said that, a serious collector would rather own this Nautilus than a relatively mass-produced, pedestrian Patek. Fortunately, this example is unworn and, up until recently, had been factory-sealed.
Not long ago, I had the pleasure of viewing this piece in New York. The impeccably-finished, 29-jewel caliber 324 SC automatic movement can be observed via the sapphire crystal exhibition caseback. Furthermore, I will note that the case and bracelet are flawless, in all aspects of construction, design, and function. It’s not often that I remark about a case or bracelet, but Patek really achieved perfection with this Nautilus.
The USD 250,000-350,000 estimate is reasonable for this reference. Nor would it be surprising if this watch fetched USD 400,000 or more.