Quote:
Originally Posted by shkure
I would not be so sure about that 5711 blue. This was the same sentiment about the 5970 in 2006-2007 when it was trading well above retail. People thought it will never go down. Look at it now...
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Complication watches are not as versatile as sport models. Most collections are primarily comprised of sport pieces and just a handful of complication pieces. People like to buy things they can actually put to use. Nothing is more versatile than the 5711 blue. There's a reason why the grand comp market is selling below list for the past decade and a half. Also how do you explain the prices of the 3700 steel blue? A discontinued steel blue dial watch selling for 150-200k that originally retailed for much much less than even the 5711.
Instagram has brought on demand from a new generation of younger watch enthusiasts that even Patek couldn't imagine and it's supply could never keep up with.