Jaw-Dropping Phillips Auction Of The Tiffany & Co Double-Signed Patek Philippe Nautilus Ref. 5711/1A-018: Some Deep Thoughts And Wider Implications, Plus Auction Video
The Phillips watch auction in New York on December 11, 2021 sold a brand-new Patek Philippe Nautilus Reference 5711/1A-018, double signed “Tiffany & Co”. The hammer fell at a jaw-dropping price of $5.35 million. The buyer’s premium on the sale was an additional $1.153 million. Brendan Cunningham reflects on that auction result and the possible wider implications for the market.