Not since a Rolex Daytona once owned by Paul Newman has a steel sports watch caused so much of a stir ahead of its auction.
A factory sealed Patek Philippe olive green Nautilus 5711 was up for auction with Antiquorum in Monaco this week, the first to go on the block since launching with a retail price of $35,000 in April, and the world has held its breath to see what it would achieve.
The answer is a staggering EUR 416,000, including buyer’s premium, over $490,000.
Antiquorum Romain Rea oversaw the sale as bidders online and in the sale room refused to back down until the price nudged close to half a million dollars.
ADs are under strict instructions to remove factory seals as a measure to discourage customers flipping watches with such tempting resale values.