Last week, Patek Philippe announced it was discontinuing its iconic 5711 model. The watch has a legendarily long waitlistârumored to be around 10 years,
Hodinkee reportsâand is likely the most in-demand model in the world. The stainless steel Nautilus emerged as a major victor in the battle against formal wardrobes and the reference 5711, dark-blue dial and no fuss, was the platonic ideal of the model. Before the news broke, the pieces were already selling for well above their retail price of $33,710, and, unsurprisingly, prices have continued to rise since theyâre only going to grow rarer after they go out of production.