My friend had a $110,000 windfall from selling her watch

Patek Philippe Nautilus. In the world of luxury watches, demand far exceeds supply for several brands and models. PHOTO: PATEK PHILIPPE
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When we caught up for drinks last Chinese New Year, my friend was sporting a Nautilus 5711-1A, possibly one of the most sought after watches in the world.

I told her she was wearing a small fortune on her wrist, especially since luxury watchmaker Patek Philippe had announced a month earlier that it was discontinuing the model.

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