On this week's Market Wrap, Mike Manjos tackles the $470,000 sale of a Patek Philippe Nautilus 5711 with green dial at the Antiquorum Auction.
To begin, he breaks down a few of his favorite chronograph watches including the A. Lange & Sohne Datograph Up/Down, the Patek Philippe Complications Chronograph with Tiffany & Co dial, and a Rolex Daytona with pave diamond dial and ruby bezel.
Today's main topic revolves around the sale of the a Patek Philippe Nautilus 5711/1A-014 in the latest Antiquorum Auction. The unopened watch went for a whopping $470,00 which Mike speculates could be bad for the market. He breaks down the effects this might have on collectors who will be scared to wear the watch and buyers who won't know what to offer. All of which to say this sale might result in further disruptions down the line. There are multiple factors to watch and we'll just have to wait and see what happens next.
Manjos Value Plays (MVP) are watches that Mike thinks represent great value on the market today. He showcases a few additional chronographs like the Omega Speedmaster Schumacher Reduced, IWC Pilot's Watch "Le Petit Prince," and the Panerai Luminor Chronograph.
What have you been searching for? What do you think of the 5711 sale? Comment below and don't forget to like, subscribe, and share. Thanks for watching! Email [email protected] for watch inquiries!
A. Lange & Sohne Datograph Up/Down - 4494274
Patek Philippe Complications Chronograph - 4493102
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