Live from New York, Phillips has just sold the Patek Philippe Tiffany 5711 Nautilus for an insane $ 6,503,000, about 5.7 million Euros. 100% of the proceeds will go to “The Nature Conservancy” Foundation, which takes cares of the environment protection.
Tension in the air for lot 1T
More than paddles in the hands to make an offer, in the room there were cell phones of enthusiasts and collectors ready to see an absolute record. The Tiffany Nautilus got people talking
The Tiffany & Co. 5711 Nautilus
Presented by Patek Philippe earlier this week, this 5711 celebrates 170 years of the House’s partnership with the New York jeweler. For the occasion, 170 pieces have been created, of which you can find out more in this dedicated article.
What will happen to the watch market?
The figure achieved is difficult to comment. Apart from the charitable purpose of selling the watch, it is almost impossible to understand how a Tiffany Nautilus can be sold for 5.7 million euros. As we said in the past, the intrinsic value is totally different … it’s a steel watch with a blue dial without any complications.
In this case, numerous factors have come into play that make us reflect on the current situation of the watch market. What do you think about it? Are we only at the beginning or has the end of the line already arrived?
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