Watch Paparazzi

Entrepreneur Nerio Alessandri spotted wearing Patek Philippe

Nerio Alessandri, the entrepreneur behind Technogym and one of Italy's most prominent industrial figures, was recently photographed wearing a Patek Philippe Nautilus ref. 5711/1P — the platinum, baguette diamond-set edition released in 2016 to commemorate the Nautilus's 40th anniversary. The detail that immediately draws the eye: the dial carries a dedicated anniversary inscription, and the hour markers are set with baguette-cut diamonds rather than the standard applied indices.

The Patek Philippe Nautilus ref. 5711/1P was produced in a declared limited run of approximately 1,300 pieces and presented alongside the ref. 5976/1G, a white gold chronograph companion piece. Both models arrived in a cork-lined presentation box, a direct homage to the packaging used for the very first 3,700 Nautilus watches delivered after Gerald Genta's original design debuted in 1976. The 5711/1P measures 40mm in platinum and houses the calibre 315 S C automatic movement — a self-winding in-line lever escapement with a 45-hour power reserve, offering the date display through the characteristic Nautilus aperture at 3 o'clock.

From a collector's standpoint, the 5711/1P occupies a singular position. The standard steel 5711/1A was already among the most sought-after references in modern watchmaking before its 2021 discontinuation. The platinum anniversary edition, by contrast, was always an object of quiet prestige — never as loudly coveted as the steel, but far rarer and considerably more valuable. Its combination of precious metal, gem-setting, and historical context makes it a genuinely complete collector's piece.

Alessandri is no casual watch wearer. As founder of Technogym — the Cesena-based company that has outfitted five Olympic Games — he operates at the intersection of design, performance, and Italian industrial excellence. Choosing the 5711/1P speaks to an appreciation for engineering heritage dressed without ostentation: platinum reads quieter than gold, and baguette diamonds on a sports watch remain understated by any standard.

On the secondary market, the Patek Philippe Nautilus 5711/1P commands significant premiums. Grey market values have been recorded well above $200,000, reflecting both the limited production numbers and the broader Nautilus mania that drove the entire reference family to stratospheric levels. For a watch with an original retail price in the region of $80,000, the appreciation has been exceptional — even by Patek Philippe standards.