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How Much Did the First Tiffany-Blue Patek Philippe Nautilus 5711 Sell For?

Phillips sold the first Tiffany Blue Patek Philippe Nautilus 5711/1A-018 for $6,503,500 in 2021, with proceeds reported for The Nature Conservancy.
From TheFinanceBase Team2 min to read
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The first Patek Philippe Nautilus Ref. 5711/1A-018 with a Tiffany Blue dial sold at Phillips for $6,503,500 on December 11, 2021. Phillips’ post-sale release rounded the result to $6.5 million and said the funds were raised for The Nature Conservancy.

What was the final sale price?

Phillips’ lot page records a realized price of $6,503,500 for the watch at The 2021 New York Watch Auction. That is the precise auction result, including the buyer’s premium. Contemporaneous coverage reported a $5.35 million hammer price, which is the winning bid before the premium and should not be confused with the final amount paid.

Phillips said the sale raised $6.5 million for The Nature Conservancy. Its auction-wide results reported $35,919,052 across 165 of 165 lots sold, or 100% sold by both lot and value.

Which watch sold, and why was it significant?

The first auction example of a 170-piece edition

The lot was a brand-new stainless-steel Patek Philippe Nautilus Ref. 5711/1A-018 with a Tiffany Blue lacquer dial. Phillips described it as the first watch offered from a 170-piece edition marking the 170th anniversary of Patek Philippe’s retail partnership with Tiffany & Co. In its 2021 release plan, Phillips said the remaining watches would be available exclusively through Tiffany locations in New York, Beverly Hills, and San Francisco; that describes the original release, not current availability.

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TIME WARRIOR DIDUN Stainless Steel Men Watches Luxury Brand, Nautilus Wrist Watch Patek Style.
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Specifications and included items

  • Case: 40 mm stainless steel.
  • Movement: automatic Calibre 26-330 S C.
  • Display: date.
  • Dial and bracelet: Tiffany Blue lacquer dial and steel bracelet.
  • Listed accessories: Patek Philippe Certificate of Origin from Tiffany & Co. in New York dated December 11, a fitted presentation box, a leather envelope, and product literature.

A long-running retail relationship

Patek Philippe said the U.S. retail partnership with Tiffany began in 1851, when Tiffany became “the first official retail partner for Patek Philippe timepieces in the U.S. market.” The 2021 edition marked 170 years of that relationship.

The Nautilus itself dates to 1976, when Patek Philippe introduced Ref. 3700. Phillips describes Ref. 5711 as the modern iteration; it premiered in 2006 with an exhibition caseback and an in-house self-winding movement with center seconds.

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What record did Phillips say the sale set?

Phillips called the result a new world record for any wristwatch sold online. The qualifier matters: this was Phillips’ claim about online wristwatch sales, not a claim that the watch was the most expensive wristwatch ever sold by any method.

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What the sale price does—and does not—tell you

The $6,503,500 result is the documented price for this particular lot on its December 2021 sale date. It does not establish the watch’s current market value or the present ranking of auction records. A comparison with another example would need to account for sale date, venue, condition, completeness, provenance, and whether the quoted result includes the buyer’s premium.

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Quick Recap

Bestseller No. 1
TIME WARRIOR DIDUN Stainless Steel Men Watches Luxury Brand, Nautilus Wrist Watch Patek Style.
TIME WARRIOR DIDUN Stainless Steel Men Watches Luxury Brand, Nautilus Wrist Watch Patek Style.
Men's Watch; Japanese Movement, Water Resistant; Solid Stainless Steel Case and Band.
$195.00
Bestseller No. 4
Bestseller No. 5
CYKLDS 25mm Notch Interface Rubber Silicone Watch Band Strap Replacement for Patek Philippe Nautilus Watch
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High quality material, waterproof, soft and durable rubber resin.; CYKLDS watch band Compatible with Patek Philippe Nautilus Watch. Band Width: 25mm.
$30.99
Best Value
CYKLDS 25mm Notch Interface Rubber Silicone Watch Band Strap Replacement for Patek Philippe Nautilus Watch
  • High quality material, waterproof, soft and durable rubber resin.
  • CYKLDS watch band Compatible with Patek Philippe Nautilus Watch. Band Width: 25mm.
  • Packing include: 1x 25*13mm Notch Interface rubber watch strap., 1 x replacement remove tool.
  • Please measure the width of the connecting part where the band attached to the watch before placing order.
  • Watch strap is vintage style, versatile and suitable for any occasion. Wearing this strap can increase your personal charm.
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BESTKANG Men Quartz Movement Watch,Waterproof Luminous Men's Watch, Stainless Steel Strap Business Watches (Black)
  • precise tim keeping: Original Quartz Movement, provide precise and accurate time keeping. Analog display date at the 3 o'clock, it is easy to read time.
  • Comfort Fit: This stainless steel strap watch not only offers a comfortable feel on your wrist but also pairs easily with any outfit. Our men’s wristwatches are perfect for the professional or the everyday man who is looking for a stylish match for his attire.
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Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.

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