Ms Zhang, in Guangzhou, had this 7118/1R-001 down on a list of pieces to trade. Before selling, the two things she most wanted settled were whether the figure quoted would sit close to the current market, and how long after signing the money would reach her. She had no ready sense of how quickly women’s references turn over on the secondary market, so she wanted a range she could compare side by side rather than a lone figure.
WatchesGuangzhou
Patek Philippe Nautilus sold for CNY 820,000 — Guangzhou watch buy-back case, August 2026
At a glance
Final price
CNY 820,000
- City
- Guangzhou
- List price
- CNY 607,400 (patek.com, 2026-09)
The figure on this page is what this particular transaction settled at. It reflects the house, the model, the condition, how complete the accessories were and the market at the time, and is not a quoted price for a comparable piece.
The client
The model and the market
The women’s line of the Nautilus is one of the smaller-volume branches of the series: a small case diameter and low production, with demand on the secondary market active for a long while against a tight supply. The 7118/1R-001 measures 35.2mm, with an 18K rose gold case, a polished bezel, a silvery opaline "ripple" dial and the 26-330 S C self-winding movement. The only difference between the polished bezel and the diamond-set version is the bezel work.
The list price for this reference is CNY 607,400 (taken from the patek.com Chinese site and verified in September 2026). List price and secondary sale levels usually do not coincide: sought-after women’s references have sold above list on the secondary market for a long time, by a margin tied to condition, how complete the accessories are, and demand at the time.
What a watch is worth depends on how it is broken down. The house and the model set the range, condition and how complete the accessories are are each costed, and the market at the time fixes the landing point; differences within one reference come from case diameter, material, dial colour and generation.
How this price was set
Ms Zhang’s watch finally landed at CNY 820,000, with the spread coming from three places: the 35.2mm women’s case forms a tier of its own in the series and was always made in limited numbers; the 18K rose gold is counted separately as material value, worked differently from the steel version; and the silvery opaline "ripple" dial has the broadest acceptance among women’s references, leaving little room to be fussy when passing it on.
This one sold above list because demand was active at the time while circulation was thin. Sought-after women’s references crossing list is a common market structure, and it comes from the same place as the premium on men’s steel references.
The price came out of bidding. After inspection the watch entered the platform, buyers across the country bid side by side, and Ms Zhang picked one from the open offer sheet. Follow the sales route in watch buy-back and you will see that Patek Philippe is priced piece by piece against the market at the time, with the original purchase price not the benchmark. (Market figures reflect publicly available data.)
What we did
Competitive buy-back
The watch goes onto the bidding platform and trade buyers across the country bid live at the same time. The offer sheet is open for you to choose from, and the number is formed by market bidding
Watch authentication
An appraiser team of more than a hundred. Every item is signed off by three of them, and each check is recorded line by line and photographed
Credentials
Named in 2025 to the first cohort of pre-owned goods circulation pilot enterprises by MOFCOM, the NDRC, the Ministry of Natural Resources and SAMR; in 2019 Vintage-Privée entered a three-way strategic partnership with CCIC (China Certification & Inspection Group) and Alibaba.
Settlement
Payment goes out as soon as an offer is accepted. Nothing is charged if you walk away
How it ran
1
Talk to an advisor
Upload photographs with the reference and case diameter noted, and we verify the model and specification first
2
Free valuation
A range from the house and the reference, at no charge
3
Book a viewing
In the boutique, or by home visit or shipping — all three follow the same quoting process
4
Appraiser check
Material, bezel specification and movement verified, the condition recorded, then uploaded to the bidding platform
5
Trade bidding
Buyers across the country bid on the same platform, with the offer sheet open to Ms Zhang
6
Settlement
She chose an offer, signed, and payment was completed on the spot
Questions about this case
Roughly what is a Patek Philippe 7118/1R-001 worth at buy-back?
It sold in Guangzhou in August 2026 at CNY 820,000. The reference is the 35.2mm rose gold polished-bezel version, and condition and how complete the accessories are bear directly on the final offer.
What is the difference between a 7118/1R-001 and a 7118/1200R-001?
The bezel. The 7118/1R-001 has a polished bezel; the 7118/1200R-001 has 56 diamonds set into it. The reference codes differ by three digits, list prices differ by CNY 74,500, and buy-back offers are worked separately — they cannot be compared as one reference.
Do women’s watches lose more at buy-back than men’s?
It is not about gender but about the line and how much is in circulation. The women’s Nautilus references are made in low numbers with steady demand, and the discount is not necessarily greater than on the men’s. What actually moves the offer is condition, accessories and who is buying at the time — not who wears it.
How soon is a watch buy-back in Guangzhou paid out?
Payment goes out as soon as the offer is confirmed and the paperwork signed, with no platform payment term. Women’s watches share the same settlement process as every other category, with no extra review stage to wait through. The Guangzhou boutiques take bookings for in-person checks; call to confirm a time before you come.
Start with what yours is worth
Free online valuation. Nothing to pay if you decide not to sell.