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Old 28 June 2019, 10:00 PM   #1
Jhamsburg
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Has the Nautilus bubble... dare I say it... slowed down?

Hi guys,

Ever since the price increase announced on June 1st, I noticed a downwards price trend for the ever-speculated Nautilus and Aquanaut lines. However, there still seems to be a demand and the waitlists have not gotten shorter.

As of recently, Patek price increases have been a guessing game for most. Please correct me if I'm wrong, but I believe it to be as follows:

August 2016 - 10% All Models

September 2017 - 5.5% All Models

March 2018 - 20% for just the 5711/1A and 5712/1A

June 2019 - 4% All Models

As for grey market prices, there has been a significant increase from December 2018 to May 2019 (For example, the 5712/1A jumped from a little under $50,000 to the $80,000 or so today).

Can anyone care to elaborate on the current grey market prices and if they have softened? Is this the bubble everyone's been waiting for or just a speedbump due to the economy that will recover over time?

Thanks.

** Again, I apologize if any information is incorrect or misleading. Please do correct any of the above you believe to be inaccurate!
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Old 29 June 2019, 01:33 AM   #2
sdh1980
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Keep going up and up in the UK..... Aquanaut seems to be going up weekly too
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Old 29 June 2019, 01:37 AM   #3
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Quote:
Originally Posted by Jhamsburg View Post
Hi guys,

Ever since the price increase announced on June 1st, I noticed a downwards price trend for the ever-speculated Nautilus and Aquanaut lines. However, there still seems to be a demand and the waitlists have not gotten shorter.

As of recently, Patek price increases have been a guessing game for most. Please correct me if I'm wrong, but I believe it to be as follows:

August 2016 - 10% All Models

September 2017 - 5.5% All Models

March 2018 - 20% for just the 5711/1A and 5712/1A

June 2019 - 4% All Models

As for grey market prices, there has been a significant increase from December 2018 to May 2019 (For example, the 5712/1A jumped from a little under $50,000 to the $80,000 or so today).

Can anyone care to elaborate on the current grey market prices and if they have softened? Is this the bubble everyone's been waiting for or just a speedbump due to the economy that will recover over time?

Thanks.

** Again, I apologize if any information is incorrect or misleading. Please do correct any of the above you believe to be inaccurate!
Not sure what you have noticed, but I certainly haven't seen any softening of secondary market prices, there hasn't been a single downtick at all...
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Old 29 June 2019, 01:57 AM   #4
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Haven't noticed a downtick at all.
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Old 29 June 2019, 02:06 AM   #5
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Old 29 June 2019, 02:07 AM   #6
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I don't think so yet. When you can sell a 5711 and buy a porsche something is truly wrong.
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Old 29 June 2019, 02:13 AM   #7
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I don't think so yet. When you can sell a 5711 and buy a porsche something is truly wrong.
It's completely insane. I just want to enjoy some nice watches. Instead.... so many unobtainable at retail.
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Old 29 June 2019, 02:38 AM   #8
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I don't think so yet. When you can sell a 5711 and buy a porsche something is truly wrong.
I was having this exact conversation today.....It's very very tempting
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Old 29 June 2019, 03:38 AM   #9
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I don't think so yet. When you can sell a 5711 and buy a porsche something is truly wrong.
Truly, truly wrong.
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Old 29 June 2019, 04:22 AM   #10
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I don't think so yet. When you can sell a 5711 and buy a porsche something is truly wrong.
.........As right now if you were to sell the 5711 you could buy a brand new 718, or Macan, and or Cayenne....

OR

preowned 911 or Panamera....

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Old 29 June 2019, 04:26 AM   #11
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I sold my 986 to buy my 5712 about four years ago

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I don't think so yet. When you can sell a 5711 and buy a porsche something is truly wrong.
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Old 29 June 2019, 04:30 AM   #12
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I sold my 986 to buy my 5712 about four years ago

good move

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Old 29 June 2019, 04:47 AM   #13
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good move

Definitely!
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Old 29 June 2019, 05:13 AM   #14
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I don't think so yet. When you can sell a 5711 and buy a porsche something is truly wrong.
Nope, something is truly great imo. Just makes collecting more fun!Ha!
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Old 29 June 2019, 05:19 AM   #15
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Nope, something is truly great imo. Just makes collecting more fun!Ha!

Says the man who's sitting on a fortune with a retail 5711r

Enjoy
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Old 29 June 2019, 06:51 AM   #16
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I don't think so yet. When you can sell a 5711 and buy a porsche something is truly wrong.
some of the Nautilus references are already at Ferrari level
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Old 29 June 2019, 07:38 AM   #17
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I don't think so yet. When you can sell a 5711 and buy a porsche something is truly wrong.
Own both, if I had to pick the car would be gone. But, and this is important, the people that own these cars or own these watches don’t have to pick.
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Old 30 June 2019, 01:13 AM   #18
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I don't think so yet. When you can sell a 5711 and buy a porsche something is truly wrong.
I agree . Madness has overtaken the people by storm.
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Old 30 June 2019, 01:14 AM   #19
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I agree . Madness has overtaken the people by storm.
Quote:
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I don't think so yet. When you can sell a 5711 and buy a porsche something is truly wrong.
But the new 911 has 4 cylinders... it’s like a dolled up VW these days...
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Old 30 June 2019, 01:15 AM   #20
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But the new 911 has 4 cylinders... it’s like a dolled up VW these days...
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Old 30 June 2019, 01:24 AM   #21
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But the new 911 has 4 cylinders... it’s like a dolled up VW these days...
Ha. Clearly, you haven't experienced one.
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Old 30 June 2019, 01:34 AM   #22
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Own both, if I had to pick the car would be gone. But, and this is important, the people that own these cars or own these watches don’t have to pick.
I have had 911s as well I was more saying that the products to me are not of comparable value. I thought the 5711 was a stretch at 23k when I bought mine. I thought my 911 was an absolute steal at 100k.

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Makes sense. And we really never are done... there always is another watch.
Yes the sickness does not simply leave you
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Old 1 July 2019, 01:46 PM   #23
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But the new 911 has 4 cylinders... it’s like a dolled up VW these days...
sound like you know nothing about 911s...cause they're definitely not 4 cylinders
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Old 1 July 2019, 01:47 PM   #24
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sound like you know nothing about 911s...cause they're definitely not 4 cylinders
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Old 29 June 2019, 02:47 AM   #25
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DSW listed a 5711 at ~75k this week. Bubble not bursting yet
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Old 29 June 2019, 02:53 AM   #26
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Danny Govberg from Watchbox/Govberg predicts $100k by end of summer for 5711 blue
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Old 29 June 2019, 03:14 AM   #27
SL BRABUS
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As other mention the Aquanaut and Nautilus is at all time high after the Patek price increases this year.....

I check here in the TRF forum, none of our well known trusted dealer here in the USA have one for sale...

Oh, wait..... DavidSW have two 5711 for sale..... one at $70K and the other one at $75K...... They're at all time high......

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Old 29 June 2019, 11:29 PM   #28
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Danny Govberg from Watchbox/Govberg predicts $100k by end of summer for 5711 blue
...and 200k by the spring.
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Old 29 June 2019, 11:32 PM   #29
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I need to really go buy a 11 for myself. Don’t want to miss out ;)
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Old 29 June 2019, 11:55 PM   #30
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Danny Govberg from Watchbox/Govberg predicts $100k by end of summer for 5711 blue
That'll be something...
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