The Patek Philippe Nautilus Ref. 5711/1A is today’s most collectible timepiece. Described as the ultimate reinterpretation of a 20th-century design icon, it is an elegant update of the 1976–1982 Nautilus Ref. 3700, Patek’s first luxury steel sports watch.
Its current market value is between N14, 197, 500 and N17, 352, 500 ($45,000 to $55,000). The 5711’s list price is N7, 837, 020 ($24,840), but new to almost-new examples, with the more desirable blue dial, can be found on the secondary market for N946, 500 to N1, 577, 500 ($3,000 to $5,000). Its appreciation in value is expected to be in line with that of the original, the 3700, sold for about $3,100 in 1976.
Originally designed by Gerald Genta, its efficient appearance was inspired by portholes found on maritime vessels and features fine hand-finished details inside and out. The Nautilus is rare and its shortage is due to the watch’s relative rarity and limited production by the brand.
The Nautilus 5711/1A is comes with many innovations, like better water resistance, better corrosion resistance as a result of the higher-grade steel, and improved comfort due to a superior double-folding clasp.