Ms Sun, in Nanjing, had several watches she wore infrequently and wanted to go through them and move on the ones that seldom left the drawer. This 7118/1200R-001 was the first she brought out. Before selling she asked two things: whether a diamond-set reference is actually harder to move on the secondary market, and whether the offer would come with reasoning she could compare side by side rather than a single figure to take on trust.
WatchesNanjing
Patek Philippe Nautilus sold for CNY 1,262,000 — Nanjing watch buy-back case, August 2026
At a glance
Final price
CNY 1,262,000
- City
- Nanjing
- List price
- CNY 681,900 (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 branch of the Nautilus is made in smaller numbers than the men’s, and a diamond-set bezel narrows what is available further still. The 7118/1200R-001 has an 18K rose gold case with a silvery opaline "ripple" dial and 56 diamonds set into the bezel (0.71 carats in total). In pre-owned valuation, diamonds are not converted by the stone; they count as part of the reference’s specification within the price of the whole watch, and precious metal is likewise not priced separately.
The list price for this reference is CNY 681,900 (patek.com Chinese site, checked September 2026). List price and secondary sales do not sit on the same line: the women’s branch has sold above list on the secondary market for a long time, and the landing point depends on condition, how complete the accessories are, and how much demand there is at the time.
Watch buy-back runs on no fixed discount. The house, the model, the condition, how complete the accessories are and the market at the time all get costed out together; within one reference, case diameter, material, dial colour, whether it is diamond-set and which generation it belongs to are variables in the same sum.
How this price was set
Ms Sun’s watch sold at CNY 1,262,000, with three specifications holding the price up. The 56 diamonds in the bezel are factory specification and count as part of the reference within the value of the whole watch — a re-set bezel loses value markedly. The 35.2mm rose gold women’s case is made in limited numbers, and the diamond specification narrows what is available further. The silvery opaline "ripple" dial moves easily among women’s references: plenty of buyers choose it and the wait is short.
Original setting is the crux of the offer. Diamonds are not converted by the stone, but whether the setting is factory and whether any stones are missing or have been replaced changes where the watch sits on the secondary market.
The offer was not ours alone to make. Once the watch passed inspection it went onto the bidding platform, trade buyers across the country bid in the same window, the offer sheet was opened to Ms Sun line by line, and which one to take was hers to choose. Patek Philippe figures are assessed piece by piece by watch buy-back against the market at the time; the original purchase price does not enter the calculation. (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
When sending photographs online, give the bezel specification and the reference suffix so we can confirm first whether it is the diamond-set version
2
Free valuation
A no-charge reference range comes back first, from the house, the model and the condition
3
Book a viewing
In the boutique as a rule, with a home visit or shipping arranged where needed
4
Appraiser check
Authenticity, the diamond setting and the state of the movement checked item by item, photographed to file, then listed on the platform
5
Trade bidding
Offers are formed in the same window, with each buyer’s breakdown open to Ms Sun
6
Settlement
She confirmed the offer, signed, and was settled on the spot
Questions about this case
What is a Patek Philippe 7118/1200R-001 worth now?
CNY 1,262,000 — the price this one sold for in Nanjing in August 2026. Offers for diamond-set women’s references are not added up by the stone; condition, accessories and demand at the time settle them together.
Are the diamonds on a diamond-set 7118 priced separately at buy-back?
No. The diamonds count as part of the reference’s specification within the price of the whole watch. What the valuation watches is whether the setting is original and whether any stones are missing or have been replaced; a re-set piece loses value markedly.
On a women’s watch, how do I judge whether an offer has been pushed down?
Line up the basis first, then compare numbers. If the bezel specification, the condition grade or how complete the accessories are differ at all, two offers are not comparable. Once the basis matches, look at where sales of the same reference in the same period are landing. Diamond-set pieces need particular care here — sales of the plain version of the same reference cannot be read across. Offers are open to the client on the platform, with every buyer’s bid visible side by side.
Where can I sell a Patek Philippe in Nanjing?
In Nanjing you can book a boutique viewing, or choose a home visit or shipping. All three run the same authentication and bidding steps. The Nanjing boutiques are in Qinhuai, Jiangning and Jianye. If it is your first time, send the advisor photographs of the case and bezel, confirm the reference, then book a time.
Start with what yours is worth
Free online valuation. Nothing to pay if you decide not to sell.