When it comes to Patek Philippe, the “timepiece of the century” Nautilus x Tiffany & Co. collaboration version 5711/1A is believed to be the most talked-about topic in recent months. However, as we enter February, watch enthusiasts should pay attention to the following news: Patek Philippe has officially announced the price increase for each series.
The news was confirmed as early as the end of last year, and finally in February, the brand announced the price increases for each series. The overall price increase recorded an average of more than 3.5%. As expected by the market and watch fans around the world, there have been significant changes in the popular sports styles in recent years. Among them, the Nautilus, which has once again become a trend, has seen the largest increase, with the 5712/1A recording the highest at 8.4% in the series. The growth rate of the Aquanaut is between 6% and 9%, only slightly lower than the former.
As for elegant styles and complex models, such as the Complications and Grand Complications series, the growth of both is minimal, actually increasing by about 1.8% to 5%. The model with the highest increase is the 5205G, with a price increase of about 5.7%. Regarding the price increase, some analysts point to the huge demand in the new and pre-owned markets, as well as the continuous growth in resale prices, leading Patek Philippe to rarely raise retail prices.
It is worth noting that, as the watch industry has been severely hit in the past two years, leading to significant cost pressures for major brands in production, sales, wages, transportation, promotion, etc., this may mean that PP’s price increase this time is only the first step, and there may be a second price increase in the future – especially considering the astonishing demand in the secondary market in recent years – I believe the final price will be even higher than any of us can imagine. All PP watch fans and collectors must pay close attention.
The latest prices after the price increase for each Patek Philippe series:
Nautilus
5712/1A － €39,750 → €43,090
5726/1A － €44,450 → €48,110
5980/1R － €85,770 → €93,090
5990/1R － €94,140 → €101,460
5980/1AR － €62,240 → €66,940
5740/1G － €119,240 → €128,650
Aquanaut
5167A – €18,800 → €20,400
5167R – €35,500 → €38,700
5167G – €38,700 → €41,840
5968A – €43,930 → €47,070
5968G – €61,190 → €64,850
5164A – €34,000 → €36,090
Calatrava
6119R – €26,150 → €27,200
Complications
5205G – €46,500 → €49,160
5212A – €31,380 → €32,950
5905/1A – €52,300 → €54,390
5930P – €88,910 → €91,520
Grand Complications
5270J – €153,290 → €161,080
5370P – €238,700 → €246,850
5236P – €115,060 → €120,290
5204R – €274,040 → €279,270
資料及圖片來源：Web Photo
