Watches

Patek Philippe Nautilus with Tiffany Blue Dial Sells for $6.5 Million

WatchesDec 14, 2021

Patek Philippe Nautilus with Tiffany Blue Dial Sells for $6.5 Million

It’s one of only 170 editions.

20211214_Phillips-header.jpg
On Dec. 11, an online bidder nabbed the top lot at the Phillips in Association with Bacs & Russo watch auction in New York, buying a Patek Philippe sold in partnership with Tiffany & Co.
New York—The hottest watch and jewelry collaboration of the year has been made official.

At the Phillips in Association with Bacs & Russo New York watch auction held Saturday, a Patek Philippe Ref. 5711/1A-018 with a “Tiffany Blue” dial sold for $6.5 million.

The timepiece is one of 170 special editions, created in honor of Patek Philippe and Tiffany & Co.’s 170-year relationship.

“The enthusiasm we saw in the leadup to the sale, which was reflected in the price it achieved, is a testament to the enduring legacy of 170 years of partnership between Patek Philippe and Tiffany & Co.,” Aurel Bacs said in a press release.

20211214_Phillips-1.jpg
The floor at the Phillips in Association with Bacs & Russo New York Watch Auction, held in New York City on Saturday, Dec. 11, 2021 (image courtesy of Phillipps)

It’s also commemorative of Tiffany’s sale to LVMH, Patek Philippe CEO Thierry Stern told CNBC

First launched in 2006, Ref. 5711 is Patek Philippe’s most popular wristwatch.

The Swiss watchmaker announced earlier this year it would discontinue the style, ostensibly to preserve some measure of rarity. The announcement further stoked the already-hot secondhand watch market, in which sought-after timepieces sell for far beyond their retail price, Patek in particular. 

 Related stories will be right here … 

The newly announced Tiffany editions will be sold exclusively at Tiffany stores in New York City; Beverly Hills, California; and San Francisco.

The Nautilus Ref. 5711/1A-018 has a Tiffany Blue lacquer dial and boasts both the watchmaker and retailer’s name on the dial and the caseback. The latter also bears the inscription: “170th Anniversary 1851-2021.”

20211214_Phillips-2.jpg
The Nautilus Ref. 5711/1A-018

With a retail price set at $52,000, the final $6.5 million hammer price at the Phillips auction offers a glimpse at just how in-demand the special edition Nautilus is.

All proceeds of the sale of the watch benefitted The Nature Conservancy, per LVMH CEO Bernard Arnault’s designation, drumming up tons of brand buzz in the process.

20211214_Phillips-3.jpg
A close-up of the caseback

All in all, the Phillips watch auction garnered $35.9 million, selling 100 percent by lot and by value.

According to the auction house, its watches sold 100 percent for the entire year, earning a total $209.3 million.

“It was a pleasure to welcome bidders back into our New York saleroom for such a historic sale, and the first watch auction at Phillips’ new headquarters in 432 Park Avenue,” Phillips Americas Head of Watches Paul Boutros said. “Across two days, we saw tremendously spirited bidding from nearly 75 countries, leading to game-changing prices for vintage and modern wristwatches alike.”

After the Patek Philippe Tiffany & Co. Nautilus, the second highest-earning lot at the sale was a George Daniels watch, circa 1975, seen below.

20211214_Phillips-4.jpg

The “spectacular and historically important” timepiece sold for $1.7 million. The yellow gold twin barrel one-minute tourbillon pocket watch features an Earnshaw spring detent chronometer escapement and retrograde hour hand.

20211214_Phillips-5.jpg

The No. 3 lot, pictured above, was a Rolex Ref. 6241 yellow gold chronograph wristwatch with Paul Newman “John Player Special” dial and bracelet, circa 1969, which earned $1.2 million.

20211214_Phillips-6.jpg

No. 4 was a Richard Mille Ref. RM022 AM CA A limited edition skeletonized carbon dual time tourbillon wristwatch with torque, power reserve, and function indicators, circa 2012, seen above. It sold for $1.2 million.

Another Rolex Ref. 6241 rounded at the top five in the final spot, pictured below, earning $756,000.

20211214_Phillips-7.jpg

The 14-karat yellow gold chronograph wristwatch with a champagne Paul Newman exotic dial, circa 1968, sold for $756,000. 

The Latest

Lightbox x Roséate Light Wand pendants
Lab-GrownDec 01, 2023
Lightbox Teams Up With Brand Founded by Former Tiffany Exec

The lab-grown diamond brand also collaborated with the website The Future Rocks on a collection launching today.

Lila Moss Calvin Klein campaign
FinancialsDec 01, 2023
Movado Lowers Guidance Again After Q3 Sales Dip

The company said it is facing a “challenging retail environment” but is prepared for the holiday season.

Muzo emerald and argyle pink diamond necklace
CollectionsDec 01, 2023
Piece of the Week: Muzo’s Emerald and Argyle Pink Diamond Necklace

It’s the hero piece of the newest "Green Jewel" collection, a collaborative offering from the two mines.

Platinum  Guild International Diamond Rings
Brought to you by
If It’s Custom, Make It Platinum

With holiday proposals right around the corner, encourage your customers to go for platinum when making the big purchase.

Pink Supreme Diamond
AuctionsNov 30, 2023
This Pink Diamond Reigned Supreme in Hong Kong

The 15.48-carat fancy intense “Pink Supreme” topped Christie’s fall jewelry auction in Asia, while a Patek Philippe led the watch sale.

Weekly QuizNov 30, 2023
This Week’s Quiz
Test your jewelry news knowledge with this short test.
Take the Quiz
Claire’s CFO COO Chris Cramer
MajorsNov 30, 2023
Claire’s Hires Former Bath & Body Works Exec as CFO, COO

Chris Cramer, who also spent time at Gen Z intimates brand Parade, will take on the dual role.

133 carat yellow diamond
AuctionsNov 30, 2023
Sotheby’s To Auction 133-Carat Yellow Diamond

The stone headlining the upcoming sale could fetch up to $5 million.

IGI-BTYB-103023.jpg
Brought to you by
Did You Know? The Vital Role of IGI: The International Gemological Institute

In a world where the sparkle of a gemstone is only as brilliant as the trust behind it, IGI's purpose is truly invaluable.

Kwiat diamonds
IndependentsNov 30, 2023
Frank Adams Rolls Out Kwiat’s ‘Mine to Shine’ Program

The retail offering lets customers track their diamond’s journey.

Diamond development hub in Angola
SourcingNov 29, 2023
Largest New Diamond Mine of the Decade Coming Online in Angola

The Luele mine is expected to eventually make the country the world’s third-largest diamond producer.

Holiday shoppers holding bags
SurveysNov 29, 2023
Holiday Shoppers Broke a Record This Weekend, Says NRF

From Thanksgiving through Cyber Monday, 200.4 million consumers shopped online and in stores.

Cast StyleBar Nordstrom
MajorsNov 29, 2023
Cast Debuts at Nordstrom, Closes on More VC Funding

The growing company also plans to open more of its own boutiques.

20180509_Buffett-header.jpg
EditorsNov 29, 2023
Warren Buffett on Success, Mistakes and Betting on America

The best quotes from the Oracle of Omaha and his right-hand man Charlie Munger from the 2018 Berkshire Hathaway shareholders meeting.

J. Dostie Jewelers
IndependentsNov 28, 2023
Maine Jeweler to Relocate After 76 Years

J. Dostie Jewelers will move from Lewiston to Yarmouth this spring.

Finks Jewelers new store
IndependentsNov 28, 2023
Fink’s Jewelers Opens 10th Store

It’s the company’s second location in Tennessee.

Mary Tyler Moore and a pair of Elsa Peretti Bone Cuffs
AuctionsNov 28, 2023
Mary Tyler Moore’s Jewelry Is Up For Auction

You can have this jewelry, why don’t you take it?

Original Miami Beach Antique Show 2024
Events & AwardsNov 28, 2023
The Original Miami Beach Antique Show Is Celebrating 60 Years

Next year’s milestone show will be full of educational programming and collaborations.

De Beers Metamorphosis high jewelry earrings
EditorsNov 27, 2023
10 Tips for Selling Diamonds This Holiday Season

Sales experts and a diamantaire share their best advice on how to send customers home with diamond jewelry.

Platinum Born new collection
CollectionsNov 27, 2023
See the New ‘Platinum Born’ Jewelry

The brand has released five new collections.

Frank Adams Jewelers
IndependentsNov 27, 2023
Frank Adams Jewelers Named ‘Family Business of the Year’

The Albany Business Review recently honored the 100-year-old company.

GIA Dr. John W. Valley
GradingNov 27, 2023
Dr. John W. Valley Retires from GIA Board of Governors

To honor his legacy, GIA has set up a scholarship in his name.

Stock image of police car with its lights on
CrimeNov 22, 2023
JSA Warns of Surge in Attacks on Jewelers on the Road

There have been eight attacks in the last month, spanning from a jewelry store parking lot in Rhode Island to highways in California.

Buddha Mama citrine bangle
TrendsNov 22, 2023
Amanda’s Style File: November Glow

These 15 pieces of jewelry celebrate November babies and the hues of citrine and topaz that reflect the colors of the season.

Columbia Gem House fundraiser
SourcingNov 22, 2023
Columbia Gem House Raises $12K for Wildlife

The money will help a nonprofit rehabilitate sea turtles.

Facet Barcelona factory opening
MajorsNov 22, 2023
Facet Barcelona Opens New Factory in Spain

The jewelry manufacturer said it can now better serve the North American market.

David Yurman holiday campaign
TechnologyNov 21, 2023
See David Yurman’s New High-Tech Holiday Campaign

The jewelry brand takes viewers through a virtual winter wonderland set in New York City.

2023 Rock the Jewels Awards winners
Events & AwardsNov 21, 2023
Here Are the Winners of BIJC’s Inaugural ‘Rock the Jewels’ Awards

The organization recognized outstanding industry players at its celebratory event.

×

This site uses cookies to give you the best online experience. By continuing to use & browse this site, we assume you agree to our Privacy Policy