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entrepreneurSpotted May 2023

Entrepreneur Aiyawatt Srivaddhanaprabha spotted wearing a Patek Philippe

entrepreneur Aiyawatt Srivaddhanaprabha spotted wearing a Patek Philippe 5167A
Who & what: Patek Philippe Aquanaut 5167A Stainless Steel Black Dial – Reference 5167A-001

When Leicester City lifted the FA Cup for the first time in the club's history, owner Aiyawatt Srivaddhanaprabha — known widely as 'Top' — was seen celebrating with a Patek Philippe Aquanaut 5167A on his wrist. It was a quietly confident choice: no flashy complications, no precious metal, just one of the most respected sport watches in the world on the wrist of a man who had just written football history.

The Patek Philippe Aquanaut reference 5167A is the current large-format expression of a lineage that began in 1997, when Patek Philippe launched the original Aquanaut ref. 5060A as its first sport watch fitted with a tropical rubber strap. Conceived as a younger, more accessible companion to the legendary Nautilus — itself born in 1976 from the pen of Gérald Genta — the Aquanaut brought a distinctive embossed dial pattern and integrated strap combination that has since become immediately recognizable. The 5167A measures 40mm in stainless steel, housing the calibre 324 S C, an automatic movement with a 45-hour power reserve, offering date display at 3 o'clock. Water resistance is rated to 120 metres.

Among collectors, the Aquanaut 5167A in stainless steel occupies a particularly coveted position. Its official retail price of $20,670 has always sat well below true market demand, making it one of the most consistently over-retail Patek Philippe references on the secondary market. The black embossed dial — sometimes referred to as 'khaki' by purists for its subtle warm undertone — paired with the matching black composite strap gives the 5167A a sporting versatility that few dress-sport watches can match.

Aiyawatt Srivaddhanaprabha inherited chairmanship of Leicester City Football Club following the tragic passing of his father Vichai in 2018, and has continued the family's ambitious vision for the club. Celebrating an FA Cup win — a genuine milestone in English football — with a restrained but deeply meaningful timepiece speaks to a collector who understands the value of substance over spectacle.

On the grey market, the Patek Philippe Aquanaut 5167A currently trades at approximately $50,000, representing a premium of roughly 2.4 times its retail price. Demand shows no sign of softening. For anyone fortunate enough to acquire one at retail, it remains one of the most financially and emotionally rewarding watches in modern horology.

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