When Thierry Stern discontinued the ref. 5711 Nautilus and introduced the white gold ref. 5811 (with no matching steel model), a game of chicken began between Stern and consumers to see who would back off first. People still want the Nautilus—the asking price for a 5811 on the secondary market is around $150,000, more than double the retail price—but I haven’t seen one in metal yet. I feel like I’ve also seen fewer Nautilus models on my wrist in the past year or so. This tells me that Stern may be winning the battle for Patek’s heart, and we may have to hold our breath for the 5811/1A-001 (“steel Nautilus”) to hit the market.

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