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.

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.

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)
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.”

The Nautilus Ref. 5711/1A-018
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.

A close-up of the caseback
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.


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.


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.


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.


The 14-karat yellow gold chronograph wristwatch with a champagne Paul Newman exotic dial, circa 1968, sold for $756,000. 
Ashley Davisis the senior editor, fashion at National Jeweler, covering all things related to design, style and trends.

The Latest

Supplier BulletinJun 24, 2022
AGTA GemFair™ Denver is the Place to Be in September!

Sponsored by AGTA

Recorded WebinarsJun 24, 2022
Vegas Jewelry Recap: The Editors Weigh In

Watch the webinar in which National Jeweler’s editors talk about jewelry market week trends and their predictions for the rest of 2022.

MajorsJun 24, 2022
Banter by Piercing Pagoda Celebrates Pride with ‘SayGay’ Necklace

All proceeds up to $25,000 will benefit the It Gets Better Project, a nonprofit that supports LGBTQ+ youth.

Brought to you by
Discover The Extraordinary Italian Jewelry In Las Vegas!

Experience all the Italian Jewelry market has to offer in Las Vegas.

CollectionsJun 24, 2022
Piece of the Week: Marie Lichtenberg’s Hidden Message Locket

It’s a reminder that life is best lived with discretion.

Weekly QuizJun 23, 2022
This Week’s Quiz
Test your knowledge of the latest jewelry news with this quick test.
Take the Quiz
TechnologyJun 24, 2022
Cloud-Based POS Software Jewel360 Launches for Jewelry Retailers

The end-to-end software allows for real-time control over all sales, inventory, repairs, customer communications, and marketing.

EditorsJun 23, 2022
Antique Show Observations From a First-Time Attendee

Associate Editor Lenore Fedow shares her impressions of the Las Vegas Antique Jewelry & Watch Show and a few of her favorite finds.

Brought to you by
3 Reasons to Offer Estate Buying at Your Store

Provide your customers with a seamless selling solution by partnering with Windsor Jewelers, Inc.

GradingJun 23, 2022
AIGS Launches Grading Report for ‘Santa Maria’ Aquamarine

The Asian Institute of Gemological Sciences aims to set a color standard for the trade name.

SourcingJun 23, 2022
Rough Diamond Sales Rise Again for De Beers

Sales were up 36 percent year-over-year in June and are pacing 24 percent ahead of last year at this point.

AuctionsJun 23, 2022
Auction House Freeman’s Appoints First Rep in Florida

Kate Della Monica, a senior specialist in the Jewelry and Watches department, will relocate to the Sunshine State.

Lab-GrownJun 22, 2022
LVMH Luxury Ventures Sinks Money Into Lab-Grown Diamond Start-Up

LVMH’s investment arm has taken a stake in Lusix, a lab-grown diamond company based in Israel.

AuctionsJun 22, 2022
Here’s How Two 100-Plus-Carat Diamonds Did at Auction

Sotheby’s New York put a colorless diamond and a fancy deep orange-brown diamond up for sale last week, with mixed results.

CrimeJun 22, 2022
Leviev Diamonds Launches Bracelet to Help ‘Tinder Swindler’ Victims

Profits will help them recoup financial losses.

MajorsJun 22, 2022
Swarovski Names First Non-Family CEO

Retail veteran Alexis Nasard will step in as CEO on July 4.

SourcingJun 22, 2022
Edward Asscher to Remain WDC President for Another Year

The organization also extended the terms of Vice President Feriel Zerouki and Treasurer Ronnie VanderLinden.

ColumnistsJun 21, 2022
State of the Majors 2022: Reflections on Resilience

After suffering a professional setback, columnist Peter Smith reflects on our ability to bounce back even when the hits keep on coming.

IndependentsJun 21, 2022
Jeweler Tommy Glatz, Known for Being Creative and Kind, Dies at 68

Glatz owned and operated Glatz Jewelers in Aliquippa, Pennsylvania for more than 40 years.

Events & AwardsJun 21, 2022
24 Karat Club of Southern California Will Honor These Industry Leaders

The organization will present three awards at its annual dinner, dance, and gala in October.

MajorsJun 21, 2022
David Yurman Hires Chief of People, Strategy

Former McKinsey partner Emily Yueh marks new president Evan Yurman’s first hire.

TrendsJun 17, 2022
Britney Spears Wore Over $500K of Stephanie Gottlieb Diamonds at Her Wedding

The New York jeweler also made the pop star’s wedding bands.

AuctionsJun 17, 2022
5-Carat Paraiba Tourmaline Ring to Hit the Auction Block

It’s predicted to sell for up to $484,000 during the Bonhams Hong Kong Jewels and Jadeite auction on June 22.

Events & AwardsJun 17, 2022
WJA Foundation to Offer Tech Scholarships for Women of Color

The recipient will receive up to $17,500 toward a tech-focused certification or program of their choice.

CollectionsJun 17, 2022
Piece of the Week: Gemella’s ‘Stella’ Necklace

It’s as versatile as it is glamorous.

Supplier BulletinJun 16, 2022
HiBid Is A Jewelry Lover’s Best Friend

Sponsored by HiBid

TechnologyJun 16, 2022
Cartier, Amazon Suing ‘Influencer,’ Sellers Over Counterfeit ‘Love’ Jewelry

The alleged scheme involving fake “Love” bracelets, necklaces and rings was designed to circumvent Amazon’s counterfeit detection tools.

MajorsJun 16, 2022
Helzberg CEO Beryl Raff to Retire

Chief Financial Officer Brad Hampton will take over as the retailer’s new CEO.

×

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