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Old 7 July 2014, 08:16 AM   #50
jon_jon
"TRF" Member
 
Join Date: Mar 2009
Location: USA
Posts: 4,340
There is a delicate balance between supply and demand for may PP timepieces including the 5711/1A. PP only produce a certain number of these watches a year and there is probably a greater demand than supply at the moment. Patek can increase the price and it will decrease demand. There hasn't been a price increase in the US for this reference for a couple of years. If Patek decides to increase the price 10 or 20%, will there still be a demand for this watch? I have a feeling the $30K may be a breaking point for this watch. The recently released 5227 Calatrava is not in such a demand (except for the WG model) because Patek raised the price quite significantly.

Anyway going back to topic of a pre-owned 5711/1A without papers, there will be a price where a buyer purchase the watch without papers. As mentioned above, it is somewhere between fll retail price and 50% of retail price. Myopiccoog mentioned the $15K USD as a price point for himself. For others, it will be $17K, $20K or even $23K. As long as the demand continues to outweigh supply, this price point will be closer to the full retail price than most TRF members are willing to pay for.

Remember the days of the highly in-demand SS Daytona. Some SS Daytonas were selling at or above retail price at one time due to the heavily skewed supply/demand curve.

At the end of the day, the 5711/1A is still just a watch. 99% of the world outside the WIS community will just use their phone to check time.
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