Patek Philippe sits at the top of the traditional hierarchy, and the modern sports references — Nautilus and Aquanaut — are the least obtainable watches in the industry at retail. The pre-owned market is where they are actually bought.
Five pieces here, and they cover the two directions Patek goes in: the sports line that everybody wants, and the complicated dress watches the house would rather be known for.
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Every Patek Philippe in the collection
The 5131J World Time in cloisonné enamel and the 5524R Calatrava Pilot Travel Time are the two most interesting pieces here, and neither is a sports watch.
Patek Philippe · Ref. 5204R-011
Grand Complications Perpetual Calendar 5204R-011 Grey 18k Rose Gold
A Patek grand complication — the kind of movement that takes a watchmaker the better part of a year.
Patek produces roughly 70,000 watches a year across the entire range, and the steel Nautilus was discontinued in its most famous reference in 2021. Demand at authorised dealers exceeds supply by a wide margin, so the secondary market sets the real price.
Nautilus or Aquanaut?
Same design language, different register. The Nautilus is the 1976 Genta original with a porthole case and horizontally embossed dial; the Aquanaut is the 1997 sportier interpretation on a rubber strap. The Aquanaut is more wearable day to day and usually less expensive.
Is a Patek Philippe a good investment?
We would not buy any watch as an investment — but historically Patek has held value better than almost any brand, particularly complicated pieces and discontinued sports references. Buy it because you want to wear it.