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Rumors that Patek Philippe will axe 5712A push prices up 20%

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Hot on the heals of Patek Philippe confirming that its Nautilus 5711 will be discontinued this year, the rumour mill is now suggesting that the 5712A will also be culled.

It would be the second navy blue 40mm steel Nautilus to be chopped, this time a more complex model with a date and moonphase display along with small seconds and a power reserve indicator.

Pre-owned luxury watch specialist Watchfinder, which could profit from sharply rising prices that accompany news of de-listed watches, headlined its weekend promotional e-mail: Another Big Patek Philippe Discontinued?

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“When Patek Philippe discontinued the 5711 a few weeks back, we were inundated with interest for the now retired model. Now there are similar rumours surrounding the 5712 — which may face the same fate and sudden interest from avid watch collectors,” Watchfinder speculates.

According to data on Chrono24, asking prices for the 5712A have risen from around $35,000 in 2016 to a high of $104,000 in August 2019.

They dipped over the following year to around $80,000 in the summer of 2020 but have since surged back to above $100,000. Unworn pieces are being offered today for between $100,000 and $115,000.

 

 

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