The Aquanaut series by PATEK PHILIPPE was supposed to be the brand’s closest connection to the market. Purely in terms of the official pricing, the steel case and rubber strap three-hand model 5167A within the Aquanaut collection has the lowest price among all PP watches. However, this is only an illusion on paper. In reality, the market price of this model in the secondary market is significantly higher than the official pricing. In contrast, the entry-level models of the Calatrava and Golden Ellipse series have a lower market value than the Aquanaut 5167A. This highlights the popularity of this series and the current market preference for sports watches over dress watches.
In 2024, before the Geneva Watch and Wonders fair, the news that the Aquanaut model 5164A with dual time zones was going to be discontinued was quite a pity. But as the saying goes, the old must make way for the new. This year, the Aquanaut series continued to introduce new models, with the most notable one being the 5164G made of white gold. Patek Philippe changed the dial and strap of the watch to blue-gray, creating a clear distinction from the previous black dial of the stainless steel version. The series also added the 5269R quartz dual time zone watch to replace the previous 5269/200R with gemstone-set bezels. Coincidentally, this watch’s dial and rubber strap are also blue-gray, and without the gemstone settings, it brings the watch closer to collectors. This year, Aquanaut also introduced the 5268/461G, a jewelry watch with diamonds and sapphires set on the bezel and dial respectively. Presented through techniques such as snowflake setting and rectangular gemstone setting, it creates a refreshing and elegant feeling of white and blue interlacing, along with the white gold case and blue rubber strap, exuding the understated luxury style of the brand.
Although the stainless steel 5164A was discontinued in 2024, it was immediately replaced by the upgraded 5164G in white gold, with the blue-gray color scheme becoming the mainstream for Patek Philippe’s new releases this year.
In recent years, the Aquanaut series gives the impression of being increasingly dynamic. Patek Philippe not only continuously expands the functionality of the series but also is willing to experiment with new dial colors such as blue and green, or the blue-gray color like the aforementioned 5164G. Coupled with interpretations in different materials, the Aquanaut family currently has more than 20 models online, catering to both men and women. However, PP adjusted the watch prices once again in February 2024, following the previous adjustment in 2023. Even the star model 5164A-001 was taken off the shelves and discontinued. Currently, including the Aquanaut series, if you check the watch information on the Patek Philippe official website, you will find that their prices have increased compared to previous years. It is worth noting that the brand raised the prices for the second time within a year in September 2024, and this time, the increase was even larger than the previous one, making the price adjustment quite noticeable. The following are the latest price information of several well-known and popular models in the series for your reference.
★ 5167A-001 Stainless steel three-hand – NT$ 801,000
★ 5167R-001 Rose gold three-hand – NT$ 1,526,000
★ 5168G-001 White gold three-hand – NT$ 1,648,000
★ 5968A-001 Stainless steel chronograph – NT$ 1,813,000
★ 5968G-010 White gold chronograph – NT$ 2,534,000
For more information on the prices and specifications of the Aquanaut series watches, click here
The official pricing of 5167A is NT$ 801,000, and the current average secondary market price is approximately NT$ 1.653 million.
Looking at the current official pricing of the Aquanaut series, the entry-level 5167A does appear relatively affordable. For the men’s watches in the series with complex functions, regardless of whether the case is stainless steel or precious metal, the price basically starts at one million NT dollars. However, the increase in the pricing of 5167A from 2022 to the present is quite astonishing. The official price of this model was NT$ 673,000 in 2022, and now it has increased by NT$ 128,000, representing a growth of over 19%. The rose gold three-hand model 5167R has also seen a similar increase of approximately 19.5% in two years. Compared to the mostly downward trend of popular watch prices in the past three years, does this seem to indicate an improvement in the overpricing situation? But if you think this way, you might be too optimistic…
The official pricing of 5167R is NT$ 1,526,000, and the current average secondary market price is approximately NT$ 2.22 million.
According to data from the advanced watch market research institute WatchCharts, the secondary market prices of the popular Aquanaut series models around May 2024 were approximately 5167A: 1.62 million), 5167R: 2.315 million), 5168G-001: 2.38 million), 5968A: 3.768 million), and 5968G-010: 3.787 million). Each model is significantly higher than the official pricing, indicating how astonishing the peak market conditions were at the end of the first quarter of 2022. Even after more than two years of price decline, the overpricing situation is still evident.
The official pricing of 5168G-001 is NT$ 1,648,000, and the current average secondary market price is approximately NT$ 2.387 million.
Half a year has passed since then. From the data published by WatchCharts, we find that the market prices of these popular Aquanaut series models continue to decline. Although there are always fluctuations in the market prices of watches over the past half year, based on the latest market quotations, compared to the market prices half a year ago, most of these six models have shown a decrease.
Looking at them in sequence, such as 5167A: 1.653 million), 5167R: 2.22 million), 5168G-001: 2.387 million), 5968A: 3.754 million), and 5968G-010: 3.768 million). Although these numbers are still considerable, more than half of them have dropped slightly from the levels half a year ago. However, the secondary market price performance of these five Aquanaut series models has been quite polarized recently. For example, the increase in the price of 5167A is more obvious, while 5167R and 5968G belong to the decliners. The remaining 5968A and 5168G have shown relatively stable performance. 5167A has been on the rise since October and although it started to decline a little in mid-to-late November, the current secondary market price still reaches a new high this year.
The official pricing of 5968A is NT$ 1,813,000, and the current average secondary market price is approximately NT$ 3.754 million.
The secondary market prices of these popular Aquanaut series models still show a downward trend, but they are still a significant distance away from the official pricing baseline. Similar to the Nautilus series, the overpricing degree of the Aquanaut series is also quite extreme. The premium rates of all five models exceed 40%. The top two with the highest premiums are 5968A-001 at 106% and 5167A at 105.2%. The others, in sequence, are 5968G-010 at 48%, 5167R at 44.8%, and 5168G-001 at 44%. Even though the watch market has been in decline for more than two years, the high premium rates still make them seem unaffordable. The charm of the brand’s popular models is truly extraordinary.
The official pricing of 5968G-010 is NT$ 2,534,000, and the current average secondary market price is approximately NT$ 3.768 million.
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