PATEK'S NAUTILUS TURNS 50: MILAN EXHIBITION OCTOBER 2026

## The Porthole That Changed Everything In 1976, Patek Philippe introduced the Nautilus collection, designed by Gerald Genta, during the quartz crisis hoping to re-attract attention to high-end Swiss mechanical watches. As the story goes, Genta sketched the watch in five minutes on a paper napkin in a restaurant. Fifty years later, that napkin sketch has become the most coveted luxury sports watch on earth. Patek Philippe has confirmed Milan as the location for its seventh Grand Exhibition, scheduled October 2-18, 2026, occupying 2,540 square meters within the renovated CityOval. The exhibition will present approximately 500 timepieces spanning the manufacture's current collection, Rare Handcrafts division, and select pieces from the Patek Philippe Museum including specimens dating from the sixteenth to early nineteenth centuries. ## The Steel Problem Thierry Stern Can't Solve The 5711/1A's 2021 discontinuation wasn't an endpoint but a masterclass in scarcity management, with Patek announcing the discontinuation then immediately releasing the olive green dial reference 5711/1A-014 at USD 34,890. While every other brand could present a special 50th-anniversary model and enjoy the show, Patek is in a real pickle because the Nautilus in its basic steel form has been causing the brand headaches in recent years. Industry predictions center on precious metal commemoratives. Collectors would accept commemorative models that exclude them through material choice rather than arbitrary allocation, with a platinum anniversary Nautilus with diamonds not creating waiting lists because its price point self-selects the audience. Another possibility mirrors what Patek did in 2016 when they marked the 40th anniversary of the Nautilus with a platinum 5711. ## The Gerald Genta Legacy Lives On Patek Philippe hired Genta to design the now-classic Nautilus, released in 1976 as Patek's first sports watch, garnering mixed reviews from hardcore Patek fans due to its similarity to the Royal Oak. In the last decade of his life, Genta revitalized the Nautilus for its 40th anniversary alongside the Stern family. The original hand-painted design of the Nautilus fetched $727,000 at a Sotheby's auction in Hong Kong. For enthusiasts, the Grand Exhibition in Milan might be more exciting since it promises both historical watches on show as well as a suite of event-exclusive limited editions. Admission is free but all visitors are advised to reserve, with the booking platform opening April 14, 2026.