When Patek Philippe President Thierry Stern announced in early 2021 that the stainless steel Nautilus ref. 5711 was kaput, the watch world held its breath. It was clear that Mr. Stern felt it was time for a hard reset. “We cannot put a single watch on top of our pyramid,” he told The New York Times.
Fair enough. Patek is known for its complicated precious metal watches — steel production has been quoted at something like 30% of the company’s output — and to have an unobtainable, stainless steel sports watch occupying the minds of the entire watch collecting public is not the maison’s objective. (Granted, the company is in the fortunate position of being able to afford not to have that particular objective — its 2019 revenue is quoted at roughly $1.5 billion, despite an output of roughly 60,000 pieces per year.)
When Mr. Stern announced the discontinuation of the 5711/1A-010 with blue-black dial, he promised that the Nautilus would have a “victory lap.” This particular reference took the form of the green-dial ref. 5711/1A-014, which, of course, proved just as unobtainable as the 5711/1A-010. Finally, the world saw the release of the limited-edition, Tiffany-signed, Tiffany- blue 5711, an example of which hammered for several millions of dollars in December of 2021, benefitting The Nature Conservancy.
And then the rumors started. Most of what we “know” at the moment is pure speculation — the usual internet scuttlebutt from various forums and other watch journalism sources such as our friends at Time & Tide, who offered a nuanced analysis on their site. But we also have information slyly conveyed from Mr. Stern himself from which we can deduce a fair amount. And while we assume the watch will be released at Watches & Wonders Geneva 2022 in late March/early April, we can’t be totally sure — a company as important (and independent) as Patek Philippe does things on its own timeline.
So without further ado, let’s dive into what the possible follow-up to the 5711 might be like.
