Prestige Brand / House
Patek Philippe Ref. 5711
Canonical Definition
“The steel Nautilus sports watch designed by Gérald Genta, discontinued in 2021, which serves as the ultimate modern benchmark of luxury watch scarcity.”
Historical Significance & Context
Introduced in 2006 to mark the 30th anniversary of the Nautilus, the Reference 5711/1A became an unprecedented cultural and financial icon. By 2019, waiting lists at authorized retailers stretched past 10 years.
Patek Philippe President Thierry Stern made the historic decision to discontinue the watch in 2021 to protect the brand's long-term rarity, triggering a secondary market boom where references transacted at over triple retail value.
Authoritative References
Market Indicators
Related Concepts
Editorial Transparency
Definitions and parameters published in the Shopygram Glossary are researched and updated quarterly in alignment with alternate asset indices and academic luxury frameworks.