Showing posts with label Patek Philippe Nautilus. Show all posts
Showing posts with label Patek Philippe Nautilus. Show all posts

Sunday, March 10, 2019

Patek Philippe Ref 5711 Would reach another new High price in 2019

Getty Picture

Patek Philippe Nautilus 5711/5712 would reach HK$650,000 in the year. 
Ask the average Peron what is the most luxurious watch is and he or she might give you a reply of “Rolex”.
There is another brand making his way into the mainstream because of its record setting and resale price and rising amongst the culture setting of celebrity and influence of certain Hip-hop artists.
That is no question the Patek Philippe…Patek Philippe is religion say some of the international head of auction houses.
Patek Philippe represents the finest watch humankind can make since it was founded in 1839.
The brand has set up itself apart from all others with a unique combination of craftsmanship, function, style and some of the most complicated mechanical watches.
With small volume of watches made that one year Production Volume of Rolex would be more than the total number of all watches Patek Philippe made over their entire 180 years of history.
Within one year the price of Nautilus Ref 5712 Blue was increasing from HK$440,000 to current price of HK$500,000, note that the SRP is just HK$298,740.
What do you think if there is another surge of price in end of 2019, everything goes up must come down, right.
But I think it is reaching a very high price , well, speculator is still looking for another price up whilst Patek only make less the 2,000 such watches a year.
Patek Philippe Produces 50,000 -60,000 watches a year and there are 10-12000 steel watches and most of them are Twenty Fours and there are 441 AD World Wide from Patek.com and here I assuming every AD may get 2 X 5711 and 2X 5712 a year.
That means they produce about 2,000 of 5711/5712 total mix in a year, and may be less than 50% in Blue Dial.
So with this equation on, base on the current buying habit and people spending ability, Hong Kong people will be paying premiums even up to HK$650,000 for a such a watch.
Don’t quote my word as this is purely more estimation and I have long forgotten to think of this two animals already since I got on 5712 at SRP in May 2018 after waiting for 2 weeks, patiently…
I still expanding collection of Patek more on white gold or yellow gold simple watch function, partly due to my financial ability to, and expensive service charges on complicated watches.
Of course that is that is purely my personal habit, if you can afford a 6m Patek and a 4m Lambor, you are not likely the frequent reader of this blog…
HK Snob

Sunday, December 2, 2012

Kris Aquino Wears Patek Philippe, the Legendary Nautilus


Kris Aquino is wearing Patek Philippe Ref 7010/1 R Rose Gold Nautilus. That is a kind of watch for President's sister!

Gerald Genta and Nautilus
Gerald Genta, who created such opuses as AP Royal Oak, Ingenieur SL, Vacheron Constantin 222 and many other unique models.
Collaboration with Patek Philippe started with a meeting in a hotel restaurant at Basel World in 1972. Henry and Philippe Shtern were so much interested what made Genta to create the Royal Oak. Gerald had a  consideration of creating  smooth and round lines resembling sea waves as he considered the favourite sports skiing and Sailing of Philippe Shtern.

Gerald drew a script of a watch prototype on the restaurant napkin by a pencil. Genta took home and forgot where was it for some months.
Later Gerald remembered about an unclaimed sketch when Piaget made a offer to him to design thin sport watch for their new extra-thin movement. Immediately Gerald presented the script of “Nautilus” to Piaget company. However Piaget was not ready to approve release such an innovative watch design. Or if Piaget would accept Gerald's design Patek Philippe wouldn't have any Nautilus watch anymore!

At 1974 BaselWorld exhibition Gerald Genta visited an agent of Patek Philippe Mr. Fiollette in the United Arabian Emirates. Mr, Fiollette asked Genta if he could offer him some elegant sport watches. As a coincidence the napkin with a sketch was found in Genta's pocket! And in 1976, Patek Philippe released a new watch “Nautilus!”

That was Nautilus watch of 70s. Patek Philippe had created an immense influence on Swiss horology, making it following the latest fashion trends as a sportive watch of elegancy. Year after year, Nautilus remains one the important sport watch designs main stream, like Royal Oak of Audemars Piguet till today and probably tomorrow.

Charles  Gérald Genta was borne in May 1, 1931, and passed away on Aug 17, 2011 at age of 80, I think Genta is one of the most important men in the history of recent Swiss Watch design!

HK Snob