How Much Is a Patek Philippe Watch? Every Collection Priced in 2026
Updated: August 2026.
A pre-owned Patek Philippe starts at US$ 14,600 today, and the median across the 1,398 Patek listings on Wristcheck's own book, 342 of them live right now, is US$ 87,900. A Patek costs whatever its collection costs, so this guide prices all nine of Patek's current collections, ordered by collection median with the cheapest first, each with its real entry point. Reference-by-reference dress-watch depth lives in our Patek Philippe Calatrava price guide, and the most popular Patek Philippe watches on Wristcheck covers desirability, which is a different question from what a watch costs.
At a Glance
A Patek Philippe's price is set by its collection before anything else. Twenty~4 and Gondolo sit at the bottom of the nine, Cubitus and Grand Complications at the top, and the five collections in between are where 2026's mispricing lives.
- The current-production floor – Patek Philippe Twenty~4
- Where the discount is deepest – Patek Philippe Complications
- The one that trades like a blue chip – Patek Philippe Aquanaut
- The scarcity story – Patek Philippe Nautilus
- The thinnest in the catalog – Patek Philippe Golden Ellipse
- Most complication for the money – Patek Philippe Grand Complications
Full comparison
Model Case Movement Price Year Patek Philippe Twenty~4 25.1 mm × 30 mm × 6.8 mm, steel Cal. E15, quartz, ~3-year battery US$ 14,600 2020–present Patek Philippe Gondolo 33.9 mm × 46 mm, yellow gold Cal. 28-20/220, manual, 240 h (10 days) US$ 30,600 2000 (limited edition of 3,000, discontinued) Patek Philippe Calatrava 39 mm × 8.08 mm, rose gold Cal. 30-255 PS, manual, 65 h US$ 34,100 2021–present Patek Philippe Golden Ellipse 34.5 mm × 39.5 mm × 5.9 mm, platinum Cal. 240, automatic (22K gold minirotor), 48 h min. US$ 55,100 c. 2023–present Patek Philippe Complications 40 mm × 11.36 mm, white gold Cal. 26-330 S QA LU 24H, automatic, 35–45 h US$ 46,700 2018–present Patek Philippe Aquanaut 40.8 mm × 8.1 mm, steel Cal. 26-330 S C, automatic, 35–45 h US$ 66,700 2007–present Patek Philippe Nautilus 35.2 mm × 8.62 mm, steel Cal. 26-330 S C, automatic, 35–45 h US$ 73,400 2019–present Patek Philippe Grand Complications 39 mm × 9.71 mm, white gold Cal. 240 Q, automatic (22K gold minirotor), 38–48 h US$ 69,100 2016–present Patek Philippe Cubitus 45 mm (10–4 axis) × 8.3 mm, steel Cal. 26-330 S C, automatic, 35–45 h US$ 108,400 2024–present
A Patek Philippe's price is set by its collection before anything else. Twenty~4 and Gondolo sit at the bottom of the nine, Cubitus and Grand Complications at the top, and the five collections in between are where 2026's mispricing lives.
- The current-production floor – Patek Philippe Twenty~4
- Where the discount is deepest – Patek Philippe Complications
- The one that trades like a blue chip – Patek Philippe Aquanaut
- The scarcity story – Patek Philippe Nautilus
- The thinnest in the catalog – Patek Philippe Golden Ellipse
- Most complication for the money – Patek Philippe Grand Complications
Full comparison
| Model | Case | Movement | Price | Year |
|---|---|---|---|---|
| Patek Philippe Twenty~4 | 25.1 mm × 30 mm × 6.8 mm, steel | Cal. E15, quartz, ~3-year battery | US$ 14,600 | 2020–present |
| Patek Philippe Gondolo | 33.9 mm × 46 mm, yellow gold | Cal. 28-20/220, manual, 240 h (10 days) | US$ 30,600 | 2000 (limited edition of 3,000, discontinued) |
| Patek Philippe Calatrava | 39 mm × 8.08 mm, rose gold | Cal. 30-255 PS, manual, 65 h | US$ 34,100 | 2021–present |
| Patek Philippe Golden Ellipse | 34.5 mm × 39.5 mm × 5.9 mm, platinum | Cal. 240, automatic (22K gold minirotor), 48 h min. | US$ 55,100 | c. 2023–present |
| Patek Philippe Complications | 40 mm × 11.36 mm, white gold | Cal. 26-330 S QA LU 24H, automatic, 35–45 h | US$ 46,700 | 2018–present |
| Patek Philippe Aquanaut | 40.8 mm × 8.1 mm, steel | Cal. 26-330 S C, automatic, 35–45 h | US$ 66,700 | 2007–present |
| Patek Philippe Nautilus | 35.2 mm × 8.62 mm, steel | Cal. 26-330 S C, automatic, 35–45 h | US$ 73,400 | 2019–present |
| Patek Philippe Grand Complications | 39 mm × 9.71 mm, white gold | Cal. 240 Q, automatic (22K gold minirotor), 38–48 h | US$ 69,100 | 2016–present |
| Patek Philippe Cubitus | 45 mm (10–4 axis) × 8.3 mm, steel | Cal. 26-330 S C, automatic, 35–45 h | US$ 108,400 | 2024–present |
1. Patek Philippe Twenty~4
Patek's front door, and it's quartz on purpose
The cheapest way into Patek is a quartz watch in the women's collection. Of the 72,000 watches Patek planned for 2025, 7,000 ran on a battery, and most live here. The Twenty~4 is two watches sharing a name. The rectangular Manchette, French for cuff, runs the 57-part quartz caliber E15, and that tiny movement is the whole design: it lets the steel Twenty~4 Manchette 4910/1200A stay a 6.8 mm-thick Art Deco band with diamonds down the case flanks instead of around a bezel.
The round 36 mm automatic 7300 is the mechanical one, and at retail it costs roughly 1.8 times as much.
Both trade comfortably below their US list prices, which makes this the rare corner of the catalog where pre-owned buying is uncontroversial. One ownership note: the E15 runs about three years on a cell behind a solid caseback, and the battery change goes to a Patek service center, not a mall kiosk.
Specs
Case: 25.1 mm × 30 mm × 6.8 mm, steel
Movement: Cal. E15, quartz, ~3-year battery
Signature: two vertical rows of diamonds down the case flanks (36 stones, 0.47 ct)
Reference: 4910/1200A-001
Year: 2020–present
Approx. price: US$ 14,600
Market note: WatchCharts, May 2026 – the quartz Manchette traded in the US$ 13,700–14,300 band, roughly 24% under its US$ 18,005 US retail, and is up 34.3% over five years.
Patek's front door, and it's quartz on purpose
The cheapest way into Patek is a quartz watch in the women's collection. Of the 72,000 watches Patek planned for 2025, 7,000 ran on a battery, and most live here. The Twenty~4 is two watches sharing a name. The rectangular Manchette, French for cuff, runs the 57-part quartz caliber E15, and that tiny movement is the whole design: it lets the steel Twenty~4 Manchette 4910/1200A stay a 6.8 mm-thick Art Deco band with diamonds down the case flanks instead of around a bezel.
The round 36 mm automatic 7300 is the mechanical one, and at retail it costs roughly 1.8 times as much.
Both trade comfortably below their US list prices, which makes this the rare corner of the catalog where pre-owned buying is uncontroversial. One ownership note: the E15 runs about three years on a cell behind a solid caseback, and the battery change goes to a Patek service center, not a mall kiosk.
Specs
Case: 25.1 mm × 30 mm × 6.8 mm, steel
Movement: Cal. E15, quartz, ~3-year battery
Signature: two vertical rows of diamonds down the case flanks (36 stones, 0.47 ct)
Reference: 4910/1200A-001
Year: 2020–present
Approx. price: US$ 14,600
Market note: WatchCharts, May 2026 – the quartz Manchette traded in the US$ 13,700–14,300 band, roughly 24% under its US$ 18,005 US retail, and is up 34.3% over five years.
2. Patek Philippe Gondolo
A shrinking collection with one immortal reference
Patek named the Gondolo for a Rio de Janeiro retailer it supplied from 1902 to 1930, and the line is down to four women's references on patek.com today. Collectors hunt one Patek stopped making: the millennium Gondolo 5100J in yellow gold, the 'Manta Ray', 1,500 yellow gold pieces from a 3,000-piece run in four metals, whose ten-day movement winds one barrel with the other's teeth. Patek destroyed the case dies afterward, and a 5100 missing its silver coin and certificate never gets them back.
Specs
Case: 33.9 mm × 46 mm, yellow gold
Movement: Cal. 28-20/220, manual, 240 h (10 days)
Signature: twin coupled barrels, the first barrel's teeth winding the second's spring
Reference: 5100J-001
Year: 2000 (limited edition of 3,000, discontinued)
Approx. price: US$ 30,600
Market note: Wristcheck, August 2026 – the Gondolo is one of the thinnest books in the brand, 12 listings and 4 live, median US$ 31,350, with the 5100J opening at US$ 30,600. Collectability, July 2024 – roughly 105 of the 1,500 yellow gold 5100J examples have come back to the market since the run ended.
A shrinking collection with one immortal reference
Patek named the Gondolo for a Rio de Janeiro retailer it supplied from 1902 to 1930, and the line is down to four women's references on patek.com today. Collectors hunt one Patek stopped making: the millennium Gondolo 5100J in yellow gold, the 'Manta Ray', 1,500 yellow gold pieces from a 3,000-piece run in four metals, whose ten-day movement winds one barrel with the other's teeth. Patek destroyed the case dies afterward, and a 5100 missing its silver coin and certificate never gets them back.
Specs
Case: 33.9 mm × 46 mm, yellow gold
Movement: Cal. 28-20/220, manual, 240 h (10 days)
Signature: twin coupled barrels, the first barrel's teeth winding the second's spring
Reference: 5100J-001
Year: 2000 (limited edition of 3,000, discontinued)
Approx. price: US$ 30,600
Market note: Wristcheck, August 2026 – the Gondolo is one of the thinnest books in the brand, 12 listings and 4 live, median US$ 31,350, with the 5100J opening at US$ 30,600. Collectability, July 2024 – roughly 105 of the 1,500 yellow gold 5100J examples have come back to the market since the run ended.
3. Patek Philippe Calatrava
The Calatrava you can walk in and buy
A Calatrava doesn't come with a waiting list or an allocation dinner behind it, and it trades at or near retail. It's the round dress watch Patek's identity is built on, and the one collection where you're negotiating against a list price rather than against a scarcity premium.
Its modern centerpiece is the hand-wound Calatrava 6119R-001 with the Clous de Paris hobnail bezel, a motif Patek has cut since 1934. Inside it, two mainspring barrels sit side by side rather than stacked, releasing torque together, so a movement 2.55 mm thick runs 65 hours without the rate sagging in its final stretch.
The family runs from vintage references at the bottom of the range to modern gold and platinum pieces several times that, and the reference-by-reference ladder is priced in the Calatrava guide linked above. Clous de Paris is engine-turned rather than stamped, so one past refinish rounds off the pyramid tips and nothing puts them back. Look at the peaks under magnification, not at the dial.
Specs
Case: 39 mm × 8.08 mm, rose gold
Movement: Cal. 30-255 PS, manual, 65 h
Signature: twin mainspring barrels mounted side by side, not stacked
Reference: 6119R-001
Year: 2021–present
Approx. price: US$ 34,100
Market note: 41Watch, January 2026 – Patek's official catalog lists the 6119R at EUR 33,700, up from EUR 25,800 at its April 2021 launch; the February 2026 US price cut then took US list to US$ 37,510.
The Calatrava you can walk in and buy
A Calatrava doesn't come with a waiting list or an allocation dinner behind it, and it trades at or near retail. It's the round dress watch Patek's identity is built on, and the one collection where you're negotiating against a list price rather than against a scarcity premium.
Its modern centerpiece is the hand-wound Calatrava 6119R-001 with the Clous de Paris hobnail bezel, a motif Patek has cut since 1934. Inside it, two mainspring barrels sit side by side rather than stacked, releasing torque together, so a movement 2.55 mm thick runs 65 hours without the rate sagging in its final stretch.
The family runs from vintage references at the bottom of the range to modern gold and platinum pieces several times that, and the reference-by-reference ladder is priced in the Calatrava guide linked above. Clous de Paris is engine-turned rather than stamped, so one past refinish rounds off the pyramid tips and nothing puts them back. Look at the peaks under magnification, not at the dial.
Specs
Case: 39 mm × 8.08 mm, rose gold
Movement: Cal. 30-255 PS, manual, 65 h
Signature: twin mainspring barrels mounted side by side, not stacked
Reference: 6119R-001
Year: 2021–present
Approx. price: US$ 34,100
Market note: 41Watch, January 2026 – Patek's official catalog lists the 6119R at EUR 33,700, up from EUR 25,800 at its April 2021 launch; the February 2026 US price cut then took US list to US$ 37,510.
4. Patek Philippe Golden Ellipse
Patek's thinnest watch, for the buyer who already owns a round one
Everyone reads 34.5 × 39.5 mm as a big watch. It's width by length, so on the wrist the Ellipse presents like a 34.5 mm watch with a long axis, and at 5.9 mm it's the thinnest thing Patek currently makes. The platinum Golden Ellipse 5738P carries the brand's smallest tell, a single diamond set into the caseband at 6 o'clock.
The 1968 golden-ratio case is the second-oldest design Patek still makes, and the caliber 240 sinks its 22K gold winding weight into the mainplate instead of stacking a rotor on top, which is where the slimness comes from. The strap version retails about 40% below the same watch on Patek's hand-assembled gold chain bracelet, so a Golden Ellipse is never one price.
Specs
Case: 34.5 mm × 39.5 mm × 5.9 mm, platinum
Movement: Cal. 240, automatic (22K gold minirotor), 48 h min.
Signature: single diamond set into the caseband at 6 o'clock, Patek's platinum marker
Reference: 5738P-001
Year: c. 2023–present
Approx. price: US$ 55,100
Market note: WatchCharts, April 2026 – the platinum 5738P traded at US$ 42,151, 35.9% below its US$ 65,767 US retail, while rising 20.7% over the prior year.
Patek's thinnest watch, for the buyer who already owns a round one
Everyone reads 34.5 × 39.5 mm as a big watch. It's width by length, so on the wrist the Ellipse presents like a 34.5 mm watch with a long axis, and at 5.9 mm it's the thinnest thing Patek currently makes. The platinum Golden Ellipse 5738P carries the brand's smallest tell, a single diamond set into the caseband at 6 o'clock.
The 1968 golden-ratio case is the second-oldest design Patek still makes, and the caliber 240 sinks its 22K gold winding weight into the mainplate instead of stacking a rotor on top, which is where the slimness comes from. The strap version retails about 40% below the same watch on Patek's hand-assembled gold chain bracelet, so a Golden Ellipse is never one price.
Specs
Case: 34.5 mm × 39.5 mm × 5.9 mm, platinum
Movement: Cal. 240, automatic (22K gold minirotor), 48 h min.
Signature: single diamond set into the caseband at 6 o'clock, Patek's platinum marker
Reference: 5738P-001
Year: c. 2023–present
Approx. price: US$ 55,100
Market note: WatchCharts, April 2026 – the platinum 5738P traded at US$ 42,151, 35.9% below its US$ 65,767 US retail, while rising 20.7% over the prior year.
5. Patek Philippe Complications
Best value in the brand, and the market got there by accident
Patek invented the annual calendar in 1996 to save buyers money. The patent behind the ref. 5035 went straight at the cost and complexity of a full perpetual calendar, and the watch launched at less than half a perpetual's price. The mechanism has one limit: it knows 30-day months from 31-day months, so it needs a single correction a year, on 1 March, because February's the month it can't read.
In 2026 this collection is also where the market's two-tier split pays the buyer. Steel sports Pateks trade above retail; gold complications trade well under it, and the Annual Calendar 5205G-013 with its skeletonized lugs sits about 30% under its US list on Wristcheck's August 2026 book. The 5205G is current production, so that gap is a demand problem rather than a condition or availability one.
One check before buying: the 5205G has run two calibers across its life, the 324-family at launch and the 26-330 today. The reference number won't tell you which one's in the case, and only the Certificate of Origin or an archive extract will.
Specs
Case: 40 mm × 11.36 mm, white gold
Movement: Cal. 26-330 S QA LU 24H, automatic, 35–45 h
Signature: skeletonized lugs, hollowed straight through so light passes between case and strap
Reference: 5205G-013
Year: 2018–present
Approx. price: US$ 46,700
Market note: Wristcheck, August 2026 – the 5205G-013 opens at US$ 46,742 on our book against a US$ 67,267 US list, 30.5% below, with 9 listings and 4 live. WatchCharts, May 2026 – the steel Annual Calendar Chronograph 5905/1A shows the same pattern near US$ 47,100 against US$ 71,643 US retail, roughly 34% below list and down 10.8% over the year. Wristcheck feed history, August 2026 – of 424 Patek model pages tracked since 27 July, 56 moved their from-price and 38 of those moved down.
Best value in the brand, and the market got there by accident
Patek invented the annual calendar in 1996 to save buyers money. The patent behind the ref. 5035 went straight at the cost and complexity of a full perpetual calendar, and the watch launched at less than half a perpetual's price. The mechanism has one limit: it knows 30-day months from 31-day months, so it needs a single correction a year, on 1 March, because February's the month it can't read.
In 2026 this collection is also where the market's two-tier split pays the buyer. Steel sports Pateks trade above retail; gold complications trade well under it, and the Annual Calendar 5205G-013 with its skeletonized lugs sits about 30% under its US list on Wristcheck's August 2026 book. The 5205G is current production, so that gap is a demand problem rather than a condition or availability one.
One check before buying: the 5205G has run two calibers across its life, the 324-family at launch and the 26-330 today. The reference number won't tell you which one's in the case, and only the Certificate of Origin or an archive extract will.
Specs
Case: 40 mm × 11.36 mm, white gold
Movement: Cal. 26-330 S QA LU 24H, automatic, 35–45 h
Signature: skeletonized lugs, hollowed straight through so light passes between case and strap
Reference: 5205G-013
Year: 2018–present
Approx. price: US$ 46,700
Market note: Wristcheck, August 2026 – the 5205G-013 opens at US$ 46,742 on our book against a US$ 67,267 US list, 30.5% below, with 9 listings and 4 live. WatchCharts, May 2026 – the steel Annual Calendar Chronograph 5905/1A shows the same pattern near US$ 47,100 against US$ 71,643 US retail, roughly 34% below list and down 10.8% over the year. Wristcheck feed history, August 2026 – of 424 Patek model pages tracked since 27 July, 56 moved their from-price and 38 of those moved down.
6. Patek Philippe Aquanaut
A rubber-strapped sports watch that wears like a dress watch
At 8.1 mm the Aquanaut slides under a cuff like a dress watch, which is not what a rubber strap prepares you for. Launched in 1997 as the Nautilus's younger sibling, it now carries the brand's steel sports demand at roughly two and a half times its list price, while the Aquanaut index sits about a third below the Nautilus index. That gap is the Nautilus tax, and the Aquanaut is what you buy to skip it.
The white gold chronographs are a different proposition: roughly twice the money for a fraction of the liquidity, with premiums about a fifth the size. Box and papers swing this watch about 20% end to end, roughly 9% off for missing them and 11% on for new condition, which makes a full set and a bare example two different purchases.
The 2007-generation steel Aquanaut 5167A-001 has also run two caliber generations, and its composite Tropical strap is a consumable that only Patek replaces, at Patek prices. The steel-bracelet 5167/1A left the catalog in 2025 and still trades below the strap version that survived it, so discontinuation is not an automatic uplift here.
Specs
Case: 40.8 mm × 8.1 mm, steel
Movement: Cal. 26-330 S C, automatic, 35–45 h
Signature: charcoal sunburst dial with black-gradient rim, the date replacing the 3 o'clock numeral
Reference: 5167A-001
Year: 2007–present
Approx. price: US$ 66,700
Market note: WatchCharts, July 2026 – the 5167A-001 stands at US$ 67,702, up 21.5% in twelve months on 482 recorded sales and a 28.8-day median time to sell; the Aquanaut index is up 18.1% in a year but just 0.7% in the last month.
A rubber-strapped sports watch that wears like a dress watch
At 8.1 mm the Aquanaut slides under a cuff like a dress watch, which is not what a rubber strap prepares you for. Launched in 1997 as the Nautilus's younger sibling, it now carries the brand's steel sports demand at roughly two and a half times its list price, while the Aquanaut index sits about a third below the Nautilus index. That gap is the Nautilus tax, and the Aquanaut is what you buy to skip it.
The white gold chronographs are a different proposition: roughly twice the money for a fraction of the liquidity, with premiums about a fifth the size. Box and papers swing this watch about 20% end to end, roughly 9% off for missing them and 11% on for new condition, which makes a full set and a bare example two different purchases.
The 2007-generation steel Aquanaut 5167A-001 has also run two caliber generations, and its composite Tropical strap is a consumable that only Patek replaces, at Patek prices. The steel-bracelet 5167/1A left the catalog in 2025 and still trades below the strap version that survived it, so discontinuation is not an automatic uplift here.
Specs
Case: 40.8 mm × 8.1 mm, steel
Movement: Cal. 26-330 S C, automatic, 35–45 h
Signature: charcoal sunburst dial with black-gradient rim, the date replacing the 3 o'clock numeral
Reference: 5167A-001
Year: 2007–present
Approx. price: US$ 66,700
Market note: WatchCharts, July 2026 – the 5167A-001 stands at US$ 67,702, up 21.5% in twelve months on 482 recorded sales and a 28.8-day median time to sell; the Aquanaut index is up 18.1% in a year but just 0.7% in the last month.
7. Patek Philippe Nautilus
The steel one is gone, and that's the whole price story
In January 2021 Thierry Stern killed the best-selling watch he made. The steel 5711 was heading toward being half of Patek's image, he told Monochrome, and he ended it rather than let one watch swallow the brand; by late that year, second-hand examples were changing hands at more than three and a half times list, with authorized-dealer waiting lists stretching past ten years. Every Nautilus price you see in 2026 descends from that decision.
What Patek sells today is deliberately thin in steel. The 5811 successor comes in white gold only. The steel moonphase 5712/1A left the catalog in early 2025 after nearly twenty years, with no announcement. What remains in steel is either complicated, the 5990 Travel Time Chronograph, or 35 mm, the steel Nautilus 7118/1A-001 with its wave-pattern blue dial, which carried the mildest premium over list of any steel Nautilus in Luxury Bazaar's September 2025 survey. A steel time-and-date Nautilus in the classic size is now only available pre-owned.
Shop these on thickness. The 41 mm 5811 is 8.2 mm, the 35.2 mm 7118 is 8.62 mm, and the 40.5 mm 5990 chronograph is 12.53 mm, so the widest sits flattest under a cuff and the smallest does not. Despite the porthole and the screw-down crown, all three are rated to 30 m. The blue-dial 7118 survived the February 2025 cull that took its silvery and diamond-bezel siblings, and Patek marked the model's fiftieth birthday at Watches and Wonders 2026 with four limited editions.
Our own book runs from small gold pieces at the bottom to steel complications at the top, and prices are climbing off the post-2022 floor without getting back to the bubble. Any comparable someone quotes you from 2022 is four years stale.
The costliest mistake on a pre-owned Nautilus has nothing to do with price. The Patek Philippe Genève signature on the dial settles nothing by itself. Aftermarket diamond setting is endemic, factory gem-set pieces carry their own reference numbers, and a watch whose stones don't match its papers has lost its provenance for good. Matching reference to certificate is one of the checks our in-person authentication runs, and it's the first thing to demand anywhere else.
Specs
Case: 35.2 mm × 8.62 mm, steel
Movement: Cal. 26-330 S C, automatic, 35–45 h
Signature: applied white gold Arabic numerals on a blue opaline wave dial, where the men's references carry batons
Reference: 7118/1A-001
Year: 2019–present
Approx. price: US$ 73,400
Market note: WatchCharts, July 2026 – the Nautilus index is up 17.2% year over year, and the in-production steel 5990/1A stands at US$ 129,986. Published values for the discontinued steel 5711/1A run from roughly US$ 65,000 to US$ 175,000 depending on dial variant, condition and channel, which is why this guide will not quote one number for it. The brand index (US$ 139,576, top 30 models by transaction value, 31 July 2026) is steel-sports-weighted, which is why it and the US$ 51,000 'average Patek' quoted across the web are both real numbers measuring different things. Always ask what an 'average Patek price' actually averages.
The steel one is gone, and that's the whole price story
In January 2021 Thierry Stern killed the best-selling watch he made. The steel 5711 was heading toward being half of Patek's image, he told Monochrome, and he ended it rather than let one watch swallow the brand; by late that year, second-hand examples were changing hands at more than three and a half times list, with authorized-dealer waiting lists stretching past ten years. Every Nautilus price you see in 2026 descends from that decision.
What Patek sells today is deliberately thin in steel. The 5811 successor comes in white gold only. The steel moonphase 5712/1A left the catalog in early 2025 after nearly twenty years, with no announcement. What remains in steel is either complicated, the 5990 Travel Time Chronograph, or 35 mm, the steel Nautilus 7118/1A-001 with its wave-pattern blue dial, which carried the mildest premium over list of any steel Nautilus in Luxury Bazaar's September 2025 survey. A steel time-and-date Nautilus in the classic size is now only available pre-owned.
Shop these on thickness. The 41 mm 5811 is 8.2 mm, the 35.2 mm 7118 is 8.62 mm, and the 40.5 mm 5990 chronograph is 12.53 mm, so the widest sits flattest under a cuff and the smallest does not. Despite the porthole and the screw-down crown, all three are rated to 30 m. The blue-dial 7118 survived the February 2025 cull that took its silvery and diamond-bezel siblings, and Patek marked the model's fiftieth birthday at Watches and Wonders 2026 with four limited editions.
Our own book runs from small gold pieces at the bottom to steel complications at the top, and prices are climbing off the post-2022 floor without getting back to the bubble. Any comparable someone quotes you from 2022 is four years stale.
The costliest mistake on a pre-owned Nautilus has nothing to do with price. The Patek Philippe Genève signature on the dial settles nothing by itself. Aftermarket diamond setting is endemic, factory gem-set pieces carry their own reference numbers, and a watch whose stones don't match its papers has lost its provenance for good. Matching reference to certificate is one of the checks our in-person authentication runs, and it's the first thing to demand anywhere else.
Specs
Case: 35.2 mm × 8.62 mm, steel
Movement: Cal. 26-330 S C, automatic, 35–45 h
Signature: applied white gold Arabic numerals on a blue opaline wave dial, where the men's references carry batons
Reference: 7118/1A-001
Year: 2019–present
Approx. price: US$ 73,400
Market note: WatchCharts, July 2026 – the Nautilus index is up 17.2% year over year, and the in-production steel 5990/1A stands at US$ 129,986. Published values for the discontinued steel 5711/1A run from roughly US$ 65,000 to US$ 175,000 depending on dial variant, condition and channel, which is why this guide will not quote one number for it. The brand index (US$ 139,576, top 30 models by transaction value, 31 July 2026) is steel-sports-weighted, which is why it and the US$ 51,000 'average Patek' quoted across the web are both real numbers measuring different things. Always ask what an 'average Patek price' actually averages.
8. Patek Philippe Grand Complications
Patek's summit, trading under list
Supply runs this market at both ends. Patek builds perpetual calendars steadily while capping its steel output, so the in-production 5327G changes hands around 45% below its US retail price while ordinary in-production Pateks average roughly 23% above theirs. The Perpetual Calendar 5327G-001, white gold with applied Breguet numerals its predecessors never wore, is a genuine grand complication trading for about what a steel Aquanaut does.
The thinness is the real flex. The caliber 240 Q winds through a 22K gold minirotor recessed into the movement plane, holding the full perpetual-calendar mechanism to 3.88 mm and the finished watch to 9.71 mm, slimmer than plenty of watches that only tell the time. Discontinuation has not repriced this corner either: the in-line 5236P-001 left the catalog in April 2026 and the pure perpetuals still trade at a discount.
These are slow assets, with median sale times around three months. A stopped perpetual calendar must also be reset in the correct sequence through recessed stylus pushers, so servicing is a standing bill on top of that. Buying pre-owned and complete is how you keep that 45%, since the authorized-dealer route charges list.
Specs
Case: 39 mm × 9.71 mm, white gold
Movement: Cal. 240 Q, automatic (22K gold minirotor), 38–48 h
Signature: applied white gold Breguet numerals, absent from its 5140 and 3940 predecessors
Reference: 5327G-001
Year: 2016–present
Approx. price: US$ 69,100
Market note: WatchCharts, June 2026 – the 5327G trades at US$ 66,179 against US$ 120,656 US retail, 45.2% below list and down 2.9% in a year, while in-production Patek references average roughly 23% above their retail price.
Patek's summit, trading under list
Supply runs this market at both ends. Patek builds perpetual calendars steadily while capping its steel output, so the in-production 5327G changes hands around 45% below its US retail price while ordinary in-production Pateks average roughly 23% above theirs. The Perpetual Calendar 5327G-001, white gold with applied Breguet numerals its predecessors never wore, is a genuine grand complication trading for about what a steel Aquanaut does.
The thinness is the real flex. The caliber 240 Q winds through a 22K gold minirotor recessed into the movement plane, holding the full perpetual-calendar mechanism to 3.88 mm and the finished watch to 9.71 mm, slimmer than plenty of watches that only tell the time. Discontinuation has not repriced this corner either: the in-line 5236P-001 left the catalog in April 2026 and the pure perpetuals still trade at a discount.
These are slow assets, with median sale times around three months. A stopped perpetual calendar must also be reset in the correct sequence through recessed stylus pushers, so servicing is a standing bill on top of that. Buying pre-owned and complete is how you keep that 45%, since the authorized-dealer route charges list.
Specs
Case: 39 mm × 9.71 mm, white gold
Movement: Cal. 240 Q, automatic (22K gold minirotor), 38–48 h
Signature: applied white gold Breguet numerals, absent from its 5140 and 3940 predecessors
Reference: 5327G-001
Year: 2016–present
Approx. price: US$ 69,100
Market note: WatchCharts, June 2026 – the 5327G trades at US$ 66,179 against US$ 120,656 US retail, 45.2% below list and down 2.9% in a year, while in-production Patek references average roughly 23% above their retail price.
9. Patek Philippe Cubitus
Through its first hype cycle in twenty months
Twenty-five days after the October 2024 launch, the first Cubitus to change hands again, a two-tone 5821/1AR, went for nearly double its sticker. In July 2026 the same reference brought about a quarter less at auction in the UK. The first new Patek collection since 1999 has already priced its own novelty in and out again, and what's left is a real market: steel examples still trade at roughly double retail, on the softest trend of Patek's three sports lines.
Patek measures the 45 mm corner to corner, 10 to 4 o'clock; across the dial it's 44.5 mm, it's 8.3 mm thick, and SJX judged that it wears slimmer than a 5711. A square does cover more wrist than a round watch of the same number, and 40 mm gold models followed within six months.
The steel Cubitus 5821/1A-001 carries a sunburst olive-green dial in the same color Patek used on the final steel Nautilus 5711/1A-014. The collection is still expanding, with a skeletonized perpetual calendar arriving at Watches and Wonders 2026. Buy the steel 5821 at roughly double list and you're betting a collection not yet two years old holds its premium while Patek keeps adding to it.
Specs
Case: 45 mm (10–4 axis) × 8.3 mm, steel
Movement: Cal. 26-330 S C, automatic, 35–45 h
Signature: sunburst olive-green dial matching the final steel Nautilus 5711/1A-014
Reference: 5821/1A-001
Year: 2024–present
Approx. price: US$ 108,400
Market note: Robb Report, November 2024 / EveryWatch, July 2026 – the first resold Cubitus, a two-tone 5821/1AR, drew 37 bidders and made nearly double its US$ 61,276 sticker 25 days after launch; by July 2026 the same reference cleared roughly 25% lower at auction. Wristcheck, August 2026 – 34 Cubitus listings, 17 live, median US$ 170,500.
Through its first hype cycle in twenty months
Twenty-five days after the October 2024 launch, the first Cubitus to change hands again, a two-tone 5821/1AR, went for nearly double its sticker. In July 2026 the same reference brought about a quarter less at auction in the UK. The first new Patek collection since 1999 has already priced its own novelty in and out again, and what's left is a real market: steel examples still trade at roughly double retail, on the softest trend of Patek's three sports lines.
Patek measures the 45 mm corner to corner, 10 to 4 o'clock; across the dial it's 44.5 mm, it's 8.3 mm thick, and SJX judged that it wears slimmer than a 5711. A square does cover more wrist than a round watch of the same number, and 40 mm gold models followed within six months.
The steel Cubitus 5821/1A-001 carries a sunburst olive-green dial in the same color Patek used on the final steel Nautilus 5711/1A-014. The collection is still expanding, with a skeletonized perpetual calendar arriving at Watches and Wonders 2026. Buy the steel 5821 at roughly double list and you're betting a collection not yet two years old holds its premium while Patek keeps adding to it.
Specs
Case: 45 mm (10–4 axis) × 8.3 mm, steel
Movement: Cal. 26-330 S C, automatic, 35–45 h
Signature: sunburst olive-green dial matching the final steel Nautilus 5711/1A-014
Reference: 5821/1A-001
Year: 2024–present
Approx. price: US$ 108,400
Market note: Robb Report, November 2024 / EveryWatch, July 2026 – the first resold Cubitus, a two-tone 5821/1AR, drew 37 bidders and made nearly double its US$ 61,276 sticker 25 days after launch; by July 2026 the same reference cleared roughly 25% lower at auction. Wristcheck, August 2026 – 34 Cubitus listings, 17 live, median US$ 170,500.
Final Thoughts
If we were spending our own money here, we'd wear the white gold annual calendar. The market spent 2026 chasing steel and left the collections Patek built its name on sitting about 30% below list, and the 5205G-013 linked above is what that inattention looks like on a wrist. The Aquanaut's the easier watch to love. The annual calendar is the one we'd put the money on.
Every watch listed on Wristcheck is fully authenticated, transparently priced, and curated with collectors in mind. Whether you're searching for your first Patek Philippe or need a second opinion before making the leap, our team is here to help.
Start browsing, or reach out if you're ready to lock in the right piece.
If we were spending our own money here, we'd wear the white gold annual calendar. The market spent 2026 chasing steel and left the collections Patek built its name on sitting about 30% below list, and the 5205G-013 linked above is what that inattention looks like on a wrist. The Aquanaut's the easier watch to love. The annual calendar is the one we'd put the money on.
Every watch listed on Wristcheck is fully authenticated, transparently priced, and curated with collectors in mind. Whether you're searching for your first Patek Philippe or need a second opinion before making the leap, our team is here to help.
Start browsing, or reach out if you're ready to lock in the right piece.
FAQ Snapshot
The Twenty~4 is Patek's entry collection, led by the steel quartz Manchette cuff. Its quartz references undercut every mechanical Patek in current production, with the round 36 mm automatic above them, and the Gondolo and vintage Calatravas the other routes in at the bottom of the range.
Yes, Patek's entry point sits several times above where Rolex's begins. The brands also behave differently after purchase: Morgan Stanley and WatchCharts measured Patek leading all brands on value retention in Q2 2026, at 15.4% above retail against 9.8% for Rolex.
For dress and complicated models, often yes; for steel sports models, almost never. Nautilus, Aquanaut and Cubitus allocations are appointment-only and typically follow years of purchase history, which is why the pre-owned market is the practical route to the steel references.
Supply runs both markets. Patek builds complications steadily while deliberately capping steel sports output, so demand concentrates on the scarce steel and the complicated middle trades at a discount. WatchCharts measured pure perpetual calendars around 45% below list in mid-2026.
Complications means annual calendars, world time, travel time and chronographs. Grand Complications is the tier above: perpetual calendars, split-seconds chronographs, minute repeaters and celestial charts, which is where Patek's most expensive series-production watches live.
Yes, steel Cubitus references still change hands at roughly double their list price. The premium has been compressing since the launch spike of late 2024, and the line shows the weakest value retention of Patek's three sports collections.
The Twenty~4 Manchette and the Gondolo Serata run Patek's quartz caliber E15. Roughly 7,000 of the 72,000 watches in Patek's 2025 production plan were quartz, and the E15 is finished like the brand's mechanical movements, with Côtes de Genève on its bridges.
Down in the United States, up almost everywhere else. Patek cut US retail roughly 8% on 1 February 2026 after tariffs on Swiss goods fell, while raising other regions about 4% and more later in the year, and US prices still sit above their end-2024 levels.
Yes, and Patek widened it at Watches and Wonders 2026. Two olive-green white gold references joined the line, including a returning 31.1 mm medium size, so the 1968 golden-ratio case now comes in two formats at the same 5.9 mm thickness.
A Patek Philippe has no single average price, and published averages disagree wildly. WatchCharts' brand index tracks the top thirty models by transaction value, so it runs far above the "average Patek" figure quoted across the web, which pools every reference. Ask what an average actually averages before you use one.