Time is running out for luxury watch collectors to get their hands on this coveted timepiece.
Luxury watchmaker Patek Philippe has announced the final release of its popular Nautilus Ref. 5711 watch was in a limited series with Tiffany Co. on Monday.
The series will be limited to 170 timepieces running at more than $53,000 apiece in honor of the 170 year partnership between the Swiss watchmaker and American jeweler.
The partnership started in 1851 when Antoine Norbert de Patek and Charles Tiffany met in New York. Tiffany signed an agreement with Patek Philippe in 1854 to become the first retailer in America to carry exclusive timepieces. The agreement has survived numerous ownership changes over the years, including Tiffany being bought by French luxury giant LVMH for $15.8 billion in January 2021. The 5711, first introduced in 2006, has sprung to fame through social media influencers and celebrity watch enthusiasts flaunting the exclusive wrist trophy. In January 2021, Patek Philippe announced that it was ending production of the Ref. Demand was overwhelming, according to 5711, of which the demand was overwhelming. This limited-edition collection could be the last chance for Nautilus lovers to get their hands on one. The Nautilus was always intended to be a status symbol. When the first model was released in 1976, it cost $3,100 - an enormous price for a steel watch at the time. Here are the previous limited editions that Patek Philippe made for Tiffany:
2001 -- Refs. Refs in 2009 Refs 2012 2012 -- Ref. The Nautilus usually sells for $34,890 when it sells for 5396 G- 012 100 watches today. The new model, which will feature stainless steel and a Tiffany Blue dial, will be sold at Tiffany stores in New York, San Francisco and Beverly Hills for $52,635. Tiffany has tried to draw in younger consumers by collaborating with brands that are a lot younger than Patek Philippe, such as the streetwear maker Supreme.