Earlier this week, it was reported that Patek Philippe had discontinued the hottest luxury watch on the market after 15 years: the Nautilus 5711/A. The news was rather shocking when you consider the fact the watch commanded a speculated eight year waitlist – and that is assuming you had earned the privilege of being added to the queue. Alongside the Audemars Piguet Royal Oak, the Patek Philippe Nautilus helped usher in the integrated steel sports watch craze and helped create a marketplace where at times steel was valued more than gold. With demand far greater than supply, secondhand prices for the 5711 command staggering premiums and with the 5711 discontinued prices are jetting off past the stratosphere into outer space. WatchPro has reported that since news of the discontinuation of the 5711 broke secondhand prices have climbed 50%. According to the chart provided to WatchPro by Chrono24, the rise began when the rumor of the end of its production run began to spread and increased even more when the news officially broke. Buyers scrambled to source one upon the news. According to WatchPro, “Chrono24 says it has received double the number of requests to purchase the 5711 in January compared to…
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