What's Next for Patek Philippe and the Nautilus Post-5711? (2/20/2021)
Market Wrap with Mike Manjos • 5m 36s
Amidst a snowy week in Philadelphia without any sports to follow, Mike Manjos returns to the set of Market Wrap for our weekly conversation about the state of the luxury watch market. Our episode opens with three luxury sports watches that landed on the trading floor this week, including the Audemars Piguet Royal Oak Offshore Diver in ceramic with a touch of orange detailing, a second-generation Vacheron Constantin Overseas Chronograph (49150), and a Patek Philippe Nautilus Ref. 5712/1A.
Speaking of the Nautilus…the watch world is still abuzz about the discontinuation of the 5711/1A, and there is endless speculation about how Patek will mark the final chapter of its outgoing Nautilus. Will it be a 6711? Titanium? Platinum? The biggest question is simply, where does this leave the market? Listed prices across the internet are rising to (wuthering) heights, and Mike projects that the market will pull back in the coming months as more inventory surfaces and active trading picks up. And while the 5711 is making all the headlines, Mike takes a closer look at the 5712, wondering if this piece will be next in line for retirement.
If you are watching Market Wrap, you know that the imbalance between supply and demand is not limited to the Nautilus. Months after Rolex’s brightly colored Oyster Perpetuals were introduced we continue to see the uptick in interest in all alluring shades. Turquoise, green, yellow, coral – they are all testing new highs. Which color and case size catch your eye?
Mike wraps up the show with a discussion about models WatchBox is looking to buy, including the Rolex Milgauss Z-Blue, the Patek Philippe Aquanaut Ref. 5167A, and the A. Lange & Söhne 1815 Chronograph with black dial. Contact one of our client advisors [[email protected]] to talk about the process of selling your watch to WatchBox – whether you have one of these models or another timepiece you wish to sell or trade.
Watch SKUs:
Audemars Piguet Royal Oak Offshore Diver - 4418182
Vacheron Constantin Overseas Chronograph - 4418349
Patek Philippe Nautilus Ref. 5712/1A - 4418075
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