Is the Patek Philippe Aquanaut (Ref. 5167A-001) worth it?

WatchMerit currently rates the Ref. 5167A-001 a Hold. Cooling but at 24-month trend floor.

Any offer between $83,600 and $106,400 is considered a fair price — that's a ±12% band around the median. Below that range is under-market; above it is overpriced.

Full-set examples (box, papers, unpolished) sit near the middle of that range. Watch out for missing papers or heavy polishing — expect a 5–15% discount from median in those cases. International grey-market listings can look cheaper but almost always add GST, import duty and freight once landed.

Every live listing on WatchMerit is auto-labelled Under Market, Fair Price or Overpriced against this band, so you never have to guess.

Cooling but at 24-month trend floor. Collector demand is currently High — Long PP boutique waitlists in AU; strong brand pull.

Buying new from an authorised dealer typically involves a wait of about 8 years (PP boutique long-client history required). For most buyers, the secondary market is the realistic route.

Historical secondary-market prices for the Ref. 5167A-001 have appreciated approximately 331.8% from the earliest tracked year to today, indexed from public market data, auction results and Australian dealer trade sheets.

Rarity is rated Grail (0.32% of the collector pool) — ~68k PP watches made/yr. Rarer references tend to hold value better in soft markets, but liquidity can be lower.

Indicative only. Not financial advice. Past performance does not guarantee future returns.

Aquanaut in steel with black embossed dial and tropical rubber strap. Patek's more casual alternative to the Nautilus; wait lists at PP boutiques are effectively closed unless you have a purchase history.