The latest auction results are out: the hammer price is EUR 320,000 (before fees), which is about 11 times the euro price of EUR 30,400. It is converted to about NT$11 million and HK$3 million; if the buyer’s commission is included, it is EUR 416,000.
The watch auction house Antiquorum will auction a Patek Philippe Nautilus 5711/1A-014 stainless steel green dial, which was just released in April this year, at the Important Modern & Vintage Timepieces auction held in Monaco on July 21. The current estimated price is USD 60,000-180,000 / HKD 462,000-1,390,000. Judging from the current official website price of HKD 250,400, the high bid is more than five times the price, reflecting the current hot market of the watch.
This is not only the first time this model has appeared in the auction market, but also the uncut bag is a new product, which has attracted much attention. In the past, Patek Philippe watches were so-called “single-sealed” and “double-sealed” in the second-hand market, but since 2017, the brand has stipulated that dealers must open the box and cut the bag of all watches sold, so “theoretically” there should not be watches like this uncut bag appearing in the market. In any case, this watch walking in the gray area has an amazing valuation, and the final market situation will be revealed in less than half a month.
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