Is the Patek Philippe Nautilus 5711/1A (Ref. 5711/1A-010) worth it?

WatchMerit currently rates the Ref. 5711/1A-010 a Sell. Down 48% from 2022 peak; still elevated vs. pre-hype baseline.

Any offer between $189,200 and $240,800 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.

Down 48% from 2022 peak; still elevated vs. pre-hype baseline. Collector demand is currently High — Iconic but the speculation premium is still unwinding.

This reference is discontinued — Discontinued 2021; secondary market only. New AD supply is no longer available; the secondary market is the only route to acquire one.

Historical secondary-market prices for the Ref. 5711/1A-010 have appreciated approximately 437.5% from the earliest tracked year to today, indexed from public market data, auction results and Australian dealer trade sheets.

Rarity is rated Grail (0.15% of the collector pool) — Grail; ~68k PP made/yr total. 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.

Patek's stainless-steel Nautilus with blue dial — discontinued in 2021 and now the single most spoken-about modern watch. Genta-designed porthole case, calibre 26-330 S C. Secondary market is where you buy it, if you can.