Patek Philippe Nautilus Investment 2025: Which Reference?

The Nautilus is the most investable watch in the world — but 2022-2024 saw significant market correction. The blue 5711/1A that reached $120,000+ in 2022 is now $60,000-90,000. This correction separates speculators from serious long-term holders.

2025 market context

Nautilus peaked 2021-2022 driven by extreme supply constraint. Prices corrected 20-50% from peak but remain 100-500% above retail. The correction created a buying window for the 5726A Annual Calendar (now closer to retail). Long-term: the 5711 is discontinued — demand as a "final chapter" watch is structural.

Nautilus 5711/1A Olive Green (Final)

Ref. 5711/1A-010

↑↑ Legend

Pre-owned: $160,000–220,000 (฿5,760,000–฿7,920,000)Retail: Discontinued $34,893

Last 5711/1A run. Regularly exceeds 5× retail. The "Holy Grail" of modern production watches.

Nautilus 5711/1A Blue (Classic)

Ref. 5711/1A-011

↑ Premium

Pre-owned: $60,000–90,000 (฿2,160,000–฿3,240,000)Retail: Discontinued $29,765

Corrected from 2022 peak ($120,000+). Still 2–3× retail — strong long-term hold.

Nautilus 5726A Annual Calendar

Ref. 5726A

↑ Rising

Pre-owned: $55,000–80,000 (฿1,980,000–฿2,880,000)Retail: ~$65,000

Annual Calendar complication. Approached retail in 2023 correction — rebounding.

Nautilus 5740G Perpetual Calendar (WG)

Ref. 5740G

↑ Appreciating

Pre-owned: $140,000–200,000 (฿5,040,000–฿7,200,000)Retail: ~$120,000

Top complication Nautilus. Very limited — premium over retail consistent.

Why the 5711/1A Olive Green is in a class of its own

Patek announced 5711/1A's discontinuation in January 2021 with a final olive green run. Only a few thousand produced. At announcement, blue 5711/1A jumped from $50,000 to $80,000+ immediately. Olive green commands $160,000–220,000 (฿5,760,000–฿7,920,000) for a watch that retailed at $34,893. No other production watch in history has commanded this consistent premium relative to retail.