Tiffany’s $52,000 Patek watch strategy backfires among elite clients
By Bloomberg Published July 17, 2025 Tiffany & Co., the iconic American jeweler now owned by LVMH, is facing criticism from its wealthiest clients after a controversial sales strategy for an exclusive Patek Philippe timepiece. The limited-edition Nautilus 5711, featuring Tiffany’s signature robin’s-egg blue dial, became a flashpoint in luxury retail, with customers spending millions…