5212A Prices dropping

[sxdcfv]

Not sure if anyone has been watching the pricing for 5212A, but it has been dropping. Initial prices very high but as more pieces hit the secondary market they are as low as $52K.

Any thoughts on how low they might go? It's obviously all speculation. For those of you lucky enough to get one from your AD- good for you!!! It's a great piece.

[Calatrava r]

These will be MSRP before long unless PP really slows deliveries (which they may do). Remember the 5320G (MSRP 81K) selling for what 95K on the secondary market when released. Now they are low/mid 60s, which means hard used dealer cash on them to buy is low/mid 50's.

Reality is that 5212A is a strap dress watch, complication notwithstanding, and the market is soft on strap dress watches.

[Josh1000]

No surprise. Simple law of supply and demand. As long as prices are high u will have more flippers and that will drive supply....the 5231J first sold at $120$ now dealers are taking $105!!!

[golfski]

Originally Posted by sxdcfv

Not sure if anyone has been watching the pricing for 5212A, but it has been dropping. Initial prices very high but as more pieces hit the secondary market they are as low as $52K.

Any thoughts on how low they might go? It's obviously all speculation. For those of you lucky enough to get one from your AD- good for you!!! It's a great piece.

I would imagine (hoping) they get near MSRP over time as they start to become more widely available and more pick them up and move them. The first few were insanely priced at 65K+ on C24.

[Russell996]

Originally Posted by sxdcfv

Not sure if anyone has been watching the pricing for 5212A, but it has been dropping. Initial prices very high but as more pieces hit the secondary market they are as low as $52K.

Any thoughts on how low they might go? It's obviously all speculation. For those of you lucky enough to get one from your AD- good for you!!! It's a great piece.

If you study any of the sales of Patek pieces when they first hit the used market there is always a period of setting the price - who knows what the used price is until a number of pieces are sold. If the price has dropped it is simply the market stabilising and setting the current benchmark.

[GB-man]

I think its headed towards a 5-10k premium short term on ask and msrp on bid. Pure guess.

[Josh1000]

It's the greatest watch since 5522...we just need Louise to confirm

[Fat_ninja]

Originally Posted by Josh1000

It's the greatest watch since 5522...we just need Louise to confirm

But that was a ltd edition. This is not.

[Fat_ninja]

If this watch gets to MSRP. It’s going to drop below that quick. I’ll make a bet in 1 years time this is below MSRP.

I got no skin in the game...Just giving my 2 cents

[Passionata]

Originally Posted by Fat_ninja

If this watch gets to MSRP. It’s going to drop below that quick. I’ll make a bet in 1 years time this is below MSRP.

I got no skin in the game...Just giving my 2 cents

It will drop like a stone ,great watch but not more .i know it s steel but still...

[Pim]

I have been watching the prices like a hawk.
The first watch came out (grey) at a price point of 82K euro (luxurywatches), prices stayed there for a month or so. Then in early November the price dropped to 65K euro due to a watch dealer on chrono from Italy.
In the beginning of December prices dropped again to the current point.

I really hope that the fat ninja can change his nickname to fat oracle of fat prophet in a year and I can get my Weekly :P
There has not been a Weelky delivered to The Netherlands yet, tells you how important we are to Patek

[Fat_ninja]

Originally Posted by Pim

I have been watching the prices like a hawk.
The first watch came out (grey) at a price point of 82K euro (luxurywatches), prices stayed there for a month or so. Then in early November the price dropped to 65K euro due to a watch dealer on chrono from Italy.
In the beginning of December prices dropped again to the current point.

I really hope that the fat ninja can change his nickname to fat oracle of fat prophet in a year and I can get my Weekly :P
There has not been a Weelky delivered to The Netherlands yet, tells you how important we are to Patek

really fat Oracle... with a picture of O as my avatar lol

[cpotje]

Originally Posted by Pim

I have been watching the prices like a hawk.
The first watch came out (grey) at a price point of 82K euro (luxurywatches), prices stayed there for a month or so. Then in early November the price dropped to 65K euro due to a watch dealer on chrono from Italy.
In the beginning of December prices dropped again to the current point.

I really hope that the fat ninja can change his nickname to fat oracle of fat prophet in a year and I can get my Weekly :P
There has not been a Weelky delivered to The Netherlands yet, tells you how important we are to Patek

Your information is not correct. A 5212 is delivered in The Netherlands in November.

[Pim]

Originally Posted by cpotje

Your information is not correct. A 5212 is delivered in The Netherlands in November.

Oooh, nice to know, care to elaborate on that? I got my info from George and though to have a solid source

[Josh1000]

Originally Posted by Pim

Oooh, nice to know, care to elaborate on that? I got my info from George and though to have a solid source

Oh dear...hope George wasnt lying about you being 3rd or 4th on the.list

[Pim]

Originally Posted by Josh1000

Oh dear...hope George wasnt lying about you being 3rd or 4th on the.list

He works at an AD, i'm sure i'm third or fourth, until somebody better comes along

[cpotje]

I am afraid that George is not as solid as you think.

[Pim]

Originally Posted by cpotje

I am afraid that George is not as solid as you think.

Apparently not

You the guy that picked it up? Ah well, i'm glad the watches are coming out, lets see what happens in the coming time

[sxdcfv]

Lots of interesting perspectives. It's a piece I want and hope to get one from my AD....

I think the comment "Reality is that 5212A is a strap dress watch, complication notwithstanding, and the market is soft on strap dress watches." makes a lot of sense.

[Russell996]

Originally Posted by sxdcfv

Lots of interesting perspectives. It's a piece I want and hope to get one from my AD....

I think the comment "Reality is that 5212A is a strap dress watch, complication notwithstanding, and the market is soft on strap dress watches." makes a lot of sense.

I would venture to suggest it is a casual watch, not dress and not sports. Market is soft on anything but sports so to date the 5212 has done well to swim against the tide.

There is absolutely no sensible reason for any current production non limited piece to sell for more on the secondary market than new.

[Fat_ninja]

Originally Posted by sxdcfv

Lots of interesting perspectives. It's a piece I want and hope to get one from my AD....

I think the comment "Reality is that 5212A is a strap dress watch, complication notwithstanding, and the market is soft on strap dress watches." makes a lot of sense.

Would you still want this if there are 3 equally exciting calatravas that get introduced in 2020? (I have no idea).


I would suggest everyone to slow play everything :) except a 5711 blue. Stack management my friends

[ts3]

Originally Posted by Fat_ninja

Would you still want this if there are 3 equally exciting calatravas that get introduced in 2020? (I have no idea).


I would suggest everyone to slow play everything :) except a 5711 blue. Stack management my friends

Stack management... On xmas I got laughed out of the farm of the girl's parents in Lower Bavaria as I didn't distinguish between a stack and a pile... of onions, potatoes, you name it... Lol...

[Fat_ninja]

Originally Posted by ts3

Stack management... On xmas I got laughed out of the farm of the girl's parents in Lower Bavaria as I didn't distinguish between a stack and a pile... of onions, potatoes, you name it... Lol...

What’s the difference? Pile is bigger?

[ts3]

Originally Posted by Fat_ninja

What’s the difference? Pile is bigger?

Exactly my question... At least on the farm a pile is a disorderly heap of roundish objects, onions, potatoes, sugar beets, while a stack is an orderly arrangement of boxes or crates w such onions, potatoes etc on top of each other.

[cpotje]

Originally Posted by Fat_ninja

Would you still want this if there are 3 equally exciting calatravas that get introduced in 2020? (I have no idea).


I would suggest everyone to slow play everything :) except a 5711 blue. Stack management my friends

Look in the mirror guys and girls, and admit that the 5711 was too ugly to be true 5 to 40 years ago. Now all of a sudden, everyone is so overhyped about this model. It has been on the market for over 40 years and becaue some Asians are chasing this watch it became special. The prices only went up the last few years.
The 5212 is a real classic in the making.

[indiana]

Wishful thinking that these prices are plummeting. Essential Watches in Beverly Hills and DavidSW as well as other reputable secondary dealers still have the watch well above $63,000. Sure, you can find, as always, some more tenuous transactions for less on forums like Chrono24. But Patek itself made it clear at Basel 2019 that stainless will remain rare in its line. The 5212 is not only unique for the brand in terms of movement, material and design, it seems something of a bridge between dress and sport with the more casual calf strap and color. With one year of production in exceedingly small numbers compared to 40 years of production for the Nautilus line, my guess is that the 5212 will remain pretty exclusive and, therefore, appreciate over time as a classic collector's piece.

[The Argonaut]

Originally Posted by indiana

Wishful thinking that these prices are plummeting. Essential Watches in Beverly Hills and DavidSW as well as other reputable secondary dealers still have the watch well above $63,000. Sure, you can find, as always, some more tenuous transactions for less on forums like Chrono24. But Patek itself made it clear at Basel 2019 that stainless will remain rare in its line. The 5212 is not only unique for the brand in terms of movement, material and design, it seems something of a bridge between dress and sport with the more casual calf strap and color. With one year of production in exceedingly small numbers compared to 40 years of production for the Nautilus line, my guess is that the 5212 will remain pretty exclusive and, therefore, appreciate over time as a classic collector's piece.

Its an interesting conundrum: keep the 5212 exclusive, and thereby the secondary price high; or release a few more into the wild which would take some of the acid out of the grey market? Still, some solid thinking here. The price will inevitably drop as more come on the secondary market (there are 12 on C24 right now). Although, I wonder how many want to buy this watch, and are not just speculators or those feeding the SS mania. Its a beautiful piece (having handled it in the Geneva PP boutique), but I found the dial too busy.

[Fat_ninja]

Originally Posted by cpotje

The 5212 is a real classic in the making.

Lol just like the 5524. Lol

Please don’t take me too seriously. I’m scared of the guys on the Rolex side at the moment. 2 pretty angry threads

[indiana]

People who love a watch like this root for it not against it. Then again, it seems like some folks are simply hoping for a bargain. OP, I don't think what you are sensing is hostility at your posts so much as disappointment that someone might be wishing a particular watch ill for whatever personal motivation they have - even if that motivation is they WANT it. Patek puts a lot of hard work, time, money and artistry into pieces like the 5212. Occasionally, the market recognizes a success with prices well above MSRP. Sometimes it does not. A lot of "experts" seem to believe the 5212 stands out. I happen to humbly agree. I really see it as an effort by Patek to close the current gap in popularity between sports and dress watches. a valiant effort by a company that prides itself on innovation and leading in the marketplace irrespective of the cost. But social media is a dangerous and powerful tool that can cause misinterpretation, even of a masterpiece. God forbid that Van Gogh would have gotten evaluated on a forum like this in his lifetime. Sometimes a piece of art is worth more than its original asking price...

[liljctl]

Originally Posted by Fat_ninja

Lol just like the 5524. Lol

Please don’t take me too seriously. I’m scared of the guys on the Rolex side at the moment. 2 pretty angry threads

You are easy to read, you end everything with a LOL.

Josh100 is difficult to read. LOL