Commit TV Yagi Column ~ What is the current market price of the Nautilus, the most luxurious of the world's three great watches?

Good evening everyone!

2022 has started with an extraordinary price surge, mainly for the world's three biggest watch brands and Rolex. Although the market has remained quiet for the past month or two, there have been many inquiries about future trends. Commit TV recently aired a report on the market prices of the Royal Oak and Overseas, and comments from the public suggest that people are concerned about the situation.

⇩⇩If you haven't seen it yet, take this opportunity to check it out⇩⇩

So, this time, I would like to talk about the market price and future trends of the Patek Philippe Nautilus , which is the last of the luxury sports watches (hereinafter referred to as "Luxpo") from the world's three major watch brands. Please read to the end and use it as a reference for buying and selling watches.

About Nautilus

The sports model that represents Patek Philippe, which was released in 1976 . Nautilus ".

At the time, luxury watches were generally made of gold, but this stainless steel luxury sports watch, along with Audemars Piguet's Royal Oak, attracted a lot of attention in the watch industry. It features an octagonal bezel inspired by the portholes of submarines and protrusions (ears) on both sides, and is highly popular as a model that embodies the elegance that is characteristic of Patek Philippe.

*For more details, please refer to previous articles and videos.

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What kind of brand is Patek Philippe? You'll understand everything if you look at this!

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Recent market trends

From here on, I would like to talk about the market price of the popular Patek Philippe Nautilus model Ref. 5711/1A-010 , which is the center of attention.

Current market price

This is the actual price trend for the past year on Chrono24, an overseas sales site used by watch enthusiasts around the world. By the way, the actual market price in Japan is said to be about 5% to 10% lower than this price.

From the oldest data in March 2021 to the most recent data in August 2022, the difference is up to 15 million yen in about a year and a half. If we only look at the movement in the last few months, the impact of the price reduction of about 8 million yen has led to voices saying, "Will it continue to fall like this?" and "Is Nautilus in danger?" However, it can also be seen that the current figure of about 17 million yen is the median.

Recent developments at Commit Ginza

Next, we will look at the latest trends (sales data for July) at Commit Ginza (hereinafter referred to as "our store").

Number of units sold: 4

Selling price: Around 14.9 million yen
*All second-hand items

The actual market price in Japan is about 5% to 10% lower than the market price on Chrono24. Our store sells at the lowest price in Japan, and we sell at a price that actually "moves." = Market price

And this price is now

I think this is what you might call the rock bottom price .

Examples include:

Future Trends

To put it simply, I believe that we are currently at the bottom and that we will gradually return to an upward trend from here .

Considering the number of watches circulating in the market, the market price in the watch industry as a whole, and the actual level of buying and selling, we do not expect a sudden rise in prices, but as the Nautilus is one of the most popular models in the watch industry, we can predict that its price will start to rise sooner than other models and will gradually increase.

In fact, many people who are accustomed to the fluctuations in the price of luxury watches are seeing this as an opportunity to make a purchase.

We currently have "Ref. 5711/1A-011" (white) in stock.

This is a beautiful, non-polished item with one owner.

The selling price is 12,980,000 yen (tax included)

Click here for the sales page 👉 "Ref.5711/1A-011"

Most of the units on the market are priced at over 15 million yen. This is definitely a great deal.

summary

What did you think.

When you place importance on asset value, you will inevitably be concerned about market fluctuations, but I think it is best to purchase one with the true purpose of a luxury watch in mind: " wearing your favorite watch and enjoying every day ."

The flagship model of Patek Philippe, one of the world's three major watch brands, the Nautilus, is a wonderful model that will lift your spirits just by wearing it. Please keep this information in the back of your mind as a reference.

Once again, I hope that by reading this article, even one more person will become a Nautilus fan, and by extension, a fan of luxury watches.

see you!