2023 Patek Philippe Watches - Are They Overpriced or Too Expensive?

The price of watches in 2023 revolves around a few key luxury watch brands including Rolex, Audemars Piguet, Richard Mille, and Patek Philippe. Arguably the watchmaker among this group with the most diversified product line, Patek builds watches broadly sought and commonly referenced by watch collectors who follow market prices. Tonight, Tim Mosso reviews Patek Philippe watches to determine whether they are too expensive -- or not expensive enough! Few words in the luxury watch marketplace command the same level of attention as "Patek Philippe Nautilus." Although the core Patek Philippe 5711 Nautilus "jumbo" was discontinued in 2021, a new Nautilus 5811 arrived for 2022. Although not available in steel - the 5811G is white gold-only for now - the the newest Patek Nautilus already has made its mark among watch buyers. Although the Patek 5811 has a retail price of $69,750, preowned watches already have stabilized between $185,000 and $200,000 depending on the source. The Patek Philippe Nautilus 5811 is exclusive - there's no doubt - but its retail price of under $70,000 means Patek Philippe is leaving a large amount of potential money on the table. While the Patek Nautilus gains value the moment it leaves the authorized dealer, not every Patek Philippe watch gains value. The extraordinary 5520P Calatrava Travel Time Alarm costs $281,000 when new, and its quality seems to justify the price. However, this GMT watch with minute repeater quality alarm chimes loses up to $