Entrepreneur Christen Sveaas spotted wearing a Patek Philippe

Norwegian entrepreneur Christen Sveaas is not a man who courts attention, which makes a public sighting of his wrist all the more noteworthy. Photographed recently, Sveaas was wearing what is unmistakably a Patek Philippe Nautilus 5724G — one of the most technically ambitious and production-scarce references the Geneva manufacture has ever released under the Nautilus banner.

The Patek Philippe Nautilus 5724G was introduced to consolidate the sports-luxury line's upper tier, pairing the signature horizontally embossed dial and porthole case with a perpetual calendar and moon phase complication. The movement inside is Patek's ultra-thin caliber 240 Q, a 27-jewel automatic with a peripheral rotor that keeps the profile remarkably slim at just 3.28mm thick. The case itself measures 44.3mm in 18k white gold — larger than the classic 5711 but wearing with surprising elegance thanks to the integrated bracelet architecture Gerald Genta conceived in 1976. Power reserve sits at approximately 38 hours.

From a collector standpoint, the 5724G occupies a rarefied position. The perpetual calendar Nautilus represents a convergence of two of Patek's most celebrated design languages — the sporty Nautilus DNA and the grand complication tradition the manufacture has championed for nearly two centuries. Allocated in tiny numbers and rarely seen at retail, the reference commands fierce secondary market premiums. Its white gold execution adds a further layer of exclusivity over any hypothetical steel equivalent, which Patek has never produced in this configuration.

Christen Sveaas is the founder of Kistefos, a Norwegian investment company with significant holdings across private equity, media, and the arts. He is also the force behind the Kistefos Museum, widely regarded as one of Scandinavia's most ambitious private sculpture parks. His collecting instincts extend well beyond art — the 5724G on his wrist signals a collector who understands provenance, scarcity, and long-term value.

On the grey market, the Patek Philippe Nautilus 5724G trades at substantial premiums above its already considerable retail price, with estimates placing current transaction values in the region of $281,000. For a complication this refined in a case this iconic, the market is simply reflecting reality.