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5 April 2018, 11:38 PM | #1 |
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What is a 5522 really worth?
What is a 5522 really worth? We are about to find out on April 21, 2018.
Antiquorum Switzerland will be auctioning off an "as new" pilot Ref 5522. https://catalog.antiquorum.swiss/en/...page=1&q=patek Pre-auction estimate $40,000-60,000 USD Also included in the sale is Ref 5230 New York World Timer factory sealed https://catalog.antiquorum.swiss/en/...page=1&q=patek what is your guess on sale price? |
5 April 2018, 11:42 PM | #2 |
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yes its worth it. SS, LE, plus it's a unique looking piece as far as Patek's are concerned. It ticks all the boxes on the collectibility list.
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6 April 2018, 12:03 AM | #3 |
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6 April 2018, 12:06 AM | #4 |
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long term i think its 50-60k provided Patek doesnt continue the Pilots indefinitely and introduce 5522 variants. At auction and outside of the US where they were released i think it will sell above the high estimate.
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5 April 2018, 11:50 PM | #5 |
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This will be very interesting to see what the 5522 will go for
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6 April 2018, 12:07 AM | #6 | |
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Quote:
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6 April 2018, 12:08 AM | #7 |
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6 April 2018, 12:11 AM | #8 |
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6 April 2018, 12:15 AM | #9 |
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I wonder if people at auctions sometimes forget that there's a buyers premium on top. One way that 5711 could be explained is maybe because it is one of the few with the Geneva Seal as it was dated 2008. Otherwise, it's silly to pay 60K when there are plenty of grey dealers in HK who have them for $50K or so BNIB.
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6 April 2018, 12:12 AM | #10 |
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75K?
Tng11 is right. You can buy one today for 44ish. What about the NY WT? |
6 April 2018, 12:15 AM | #11 |
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6 April 2018, 01:02 AM | #12 | |
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Auctions are a bit detached from the market usually.
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6 April 2018, 12:15 AM | #13 |
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The high estimate will be received easily for an amazing reference like this.
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6 April 2018, 01:04 AM | #14 |
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From what I’ve heard Antiquorum sells stolen watches and also doesn’t pay the people that have put their watches up for sale with them. Whatever it goes for the owner probably will net $0.00
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6 April 2018, 02:11 AM | #15 |
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so you won’t be bidding?
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6 April 2018, 12:59 AM | #16 |
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Currently? I’d say 40-45k
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6 April 2018, 02:24 AM | #17 |
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I wonder what story that watch will tell in 2048? (where the value is derived long term)
2028 "Well it was an artificially limited edition certain people had access to purchase, but didn't wear...yours was worn once so it's only worth a 1/3 of the value" 2038 "It looks like that original zenith pilot watch a bit...but has no connection. Patek did make a handful of pilot watches - but this has virtually no connection to those either." 2048 "It had a very standard patek 324 movement with the a mix of what was then modern technology - machined by computers and a bit of silicon and finished by hand - back then people wanted really big watches" Patek watches i don't see going down tremendously in replacement value below MSRP, as the hand finishing and beauty and provenance is appealing. But as in the past, certain models will not hold their value as fashions change. Without *real* provenance, I just don't see how something like this is desirable to collectors long term. And steel pateks will likely be available to buy at "normal" patek prices someday, since the market will likely shift so far that way. |
6 April 2018, 02:56 AM | #18 |
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Google Antiquorum stolen watches and Antiquorum legal issues I’m not making this up folks.
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6 April 2018, 01:20 PM | #19 | |
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Didn’t doubt you buddy just making a funny
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6 April 2018, 01:31 PM | #20 |
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6 April 2018, 04:19 AM | #21 |
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Not every Patek is collectible as we all know. However all Patek hold value vs other manufactures.
When you take a look at truly collectible watches, ie. Ref 2526. Most all of them became collectible due to limited availability, and that Patek did not have much to due to limiting that production. It was really more based on the demand at the time of production. I have owed several steel Pateks and the reason the steel versions are worth more than their gold counterpart is that they were produced in very limited numbers and hence there value is greater than the Yellow gold models, even though they were just a bit less expensive. It will be interesting to see what effect a "limited edition" production will have on the overall collectible of Ref 5522 and 5230. |
7 April 2018, 09:48 PM | #22 | |
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As a very general statement perhaps that is OK. There are numerous, too many to count, Patek references that "hold value" just about as well as the rest of the market. 5170, 5205, 5960 anyone? Much of the Nautilus range up until very very recently weren't exactly holding value. |
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6 April 2018, 12:02 PM | #23 | |
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7 April 2018, 08:05 AM | #24 |
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The continued rise of the 5711 is surprising but understandable, the continued rise of this one is not for me, and think now the exhibition is past history the fever for this will die down quicker.
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7 April 2018, 11:47 PM | #25 |
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I don't have any ties to the New York exhibition but I'd spend $50k on the 5522 in a heartbeat, not so much the 5711. Don't get me wrong I'm not knocking the Nautilus I love that watch. I'm biased but I'd say it's as fairly valued as any other steel Patek right now with a better chance of improving value in the future.
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7 April 2018, 11:51 PM | #26 | |
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If it was a true one off pilot then yeah 50k 60k would probably be more justifiable but its a derivative of a watch that came first. I still think prices long term will be huge because its a LE and in SS, i just wouldn't pay it.
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7 April 2018, 11:58 PM | #27 |
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8 April 2018, 12:01 AM | #28 |
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if take a pilot (either one) vs a 5711 at market prices for sure.
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8 April 2018, 12:04 AM | #29 |
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The 5522A is a limited production of 600 pieces, in stainless steel and has "Patek Philippe New York 2017" engraved behind on the sapphire case-back. The potential upside on this piece is huge IMO.
However, if Patek does not stop there and continues to do a 5522 for Geneva, Tokyo, London, Beijing, HK, Singapore, Moscow etc, then the value may take a hit, depending on how many pieces are eventually made and sold. We have seen a World Time NY and now a World Time Geneva, so the possibility of 5522 being produced for different locations may be there. |
8 April 2018, 12:07 AM | #30 | |
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