5711 Price will avg 150k-200k and stay there.

[cascavel]

Originally Posted by CastorKrieg

To everyone thinking the price will stay so high - this is simply not the case. The watch is neither a limited edition, nor a complicated watch. It benefits from Instagram hype culture and speculative bubble of watch as an asset class given a decade of quantitative easing and free flow of money (yes, this is actually very much related to the world of finance).

Take it from the mouth of Thierry Stern - he said multiple times at some point the tide will turn, people will move on and the secondary market will crash which is why he never wanted the SS Nautilus to become synonymous with Patek.

And, any minute now, QE will end and the U.S. will begin a new era of fiscal responsibility.

[illiguy]

Originally Posted by CastorKrieg

To everyone thinking the price will stay so high - this is simply not the case. The watch is neither a limited edition, nor a complicated watch. It benefits from Instagram hype culture and speculative bubble of watch as an asset class given a decade of quantitative easing and free flow of money (yes, this is actually very much related to the world of finance).

Take it from the mouth of Thierry Stern - he said multiple times at some point the tide will turn, people will move on and the secondary market will crash which is why he never wanted the SS Nautilus to become synonymous with Patek.

All due respect, but I think you’re selectively taking what you want to believe from Thierry Stern’s comments. Mr. Stern did say that he did not want Patek to be synonymous with the Natulius, but (and this is important to note) he also said he was discontinuing the 5711 (not the Nautilus line) so as to also protect current owners of the watch - i.e., maintain value retention.

The above need not be mutually exclusive.

[S``]

Originally Posted by cascavel

And, any minute now, QE will end and the U.S. will begin a new era of fiscal responsibility.

This message just started making 5711/1A farewell editions available at retail price @ your nearest AD. For the first 1k customers, a special 20% discount will be applied to your purchase

[mwireless]

Originally Posted by CastorKrieg

To everyone thinking the price will stay so high - this is simply not the case. The watch is neither a limited edition, nor a complicated watch. It benefits from Instagram hype culture and speculative bubble of watch as an asset class given a decade of quantitative easing and free flow of money (yes, this is actually very much related to the world of finance).

Take it from the mouth of Thierry Stern - he said multiple times at some point the tide will turn, people will move on and the secondary market will crash which is why he never wanted the SS Nautilus to become synonymous with Patek.

The problem with that is that you think the price is high because of just one thing. Market demand. This is not the case. Patek in 2017 changed the way that watches were sold all together and is using the nautilus to sell it's other less wanted watches. "You must buy this grand comp if you want the nautilus" or "you will need better purchase history to be offered a nautilus", etc. Patek is equally responsible for the run up in prices and is benefitting directly as well by using it to sell other pieces. The only way the price would fall is if they decided to either flood the market with Nautili or lowered their purchase history criteria to get one. Neither of which will happen. The more the Nautilus becomes a status symbol the more Patek will milk it's value by using it to sell other watches like grand comps, women's watches and application pieces like celestials.

You are also mistaken to think complicated pieces either should, could or do hold some higher value over a steel sports watch due to the fact they are "supposedly harder to produce". If that's your logic then the i-watch is a much more functional watch that required way more resources to initially produce than any complicated watch ever could require. If Grand comps were worth more then why do they barely sell and when they do it's always at a discount. I should know because I own one with one more on the way. The reason the Patek Nautilus sells is that it's a status symbol of success and achievement.

"It's not about telling time, it's about telling others that its now your time!" (to shine i.e. in terms of your arrival and success)

[GB-man]

When are you predicting this 150-200k baseline pricing to begin?

[mwireless]

Originally Posted by GB-man

When are you predicting this 150-200k baseline pricing to begin?

Prices are inching up already. It should just keep going up as the availability of the blue keeps decreasing. Sure it will flutter a bit but in the long run it's going to be a very high valued timepiece.

[bonsai-man]

Originally Posted by GB-man

When are you predicting this 150-200k baseline pricing to begin?

I think it is next year when the steel 5711 is “actually discontinued”, so far Patek have only “announced it’s going to be discontinued in 2021” which is why it’s still available, just in a different colour option and in the 2021 catalogue. At least that’s what I think the OP was referring too.

[SS Oyster]

They just came out with the new 5711/1A, so what you talking about. It’s not discontinued!




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[ts3]

Originally Posted by SS Oyster

They just came out with the new 5711/1A, so what you talking about. It’s not discontinued!


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They are talking about 5711/1A being discontinued this year including this green one, as announced in February and confirmed again yesterday.

[bonsai-man]

Originally Posted by ts3

They are talking about 5711/1A being discontinued this year including this green one, as announced in February and confirmed again yesterday.

Yes, this.

[S``]

Originally Posted by SS Oyster

They just came out with the new 5711/1A, so what you talking about. It’s not discontinued!


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This

[Ichiran]

Originally Posted by SS Oyster

They just came out with the new 5711/1A, so what you talking about.

Do get both the new green 5711 before they are discontinued next year!

[JBP99p]

Originally Posted by SS Oyster

They just came out with the new 5711/1A, so what you talking about. It’s not discontinued!




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What planet do you reside on? ...FFS!

[cascavel]

Originally Posted by JBP99p

What planet do you reside on? ...FFS!

SS Oyster makes a good point; the blue dial is discontinued but the SS 5711 continues for at least another year. And after that, who knows?

[francoamerican]

Really was happy to hear Ben clymer talk about how uncool nautilus is at 100k. Taking a bit out of both sides of him mouth, but still. Also the other person made a great point about how it’s not an indication of connoisseurship to wear a nautilus.

[GB-man]

Originally Posted by francoamerican

Also the other person made a great point about how it’s not an indication of connoisseurship to wear a nautilus.

Hasn’t been for a good 5 years. Ditto Daytona.

That’s okay though.

[chmhill]

When I see the green dial of 5711, I am pretty sure the price of the blue dial 5711 will not drop.

[mwireless]

Originally Posted by chmhill

When I see the green dial of 5711, I am pretty sure the price of the blue dial 5711 will not drop.

LMAOOO

[shkure]

Originally Posted by francoamerican

Really was happy to hear Ben clymer talk about how uncool nautilus is at 100k. Taking a bit out of both sides of him mouth, but still. Also the other person made a great point about how it’s not an indication of connoisseurship to wear a nautilus.

Ben also said he would pick a 5270 any day over a steel 5711. Thats what i have been saying on this thread for a long time and got flamed for it, especially by mrwireless. I guess he is one of these "uncool", "me too" "instagram" 5711 types that Ben describes.

Watch connoisseurship is a rare breed nowadays. Mostly dominated by speculators and Instagram showoffs. John Goldbergers of this world are beeing replaced by Timepiece Gentlemen types.

[cascavel]

Originally Posted by francoamerican

Really was happy to hear Ben clymer talk about how uncool nautilus is at 100k. Taking a bit out of both sides of him mouth, but still. Also the other person made a great point about how it’s not an indication of connoisseurship to wear a nautilus.

Okay, so I have a few questions: at what price does the 5711/1a Nautilus become cool? Only at MSRP? Is it still cool at $50K? If you bought one for less than MSRP is that watch still cool even if the market price is $100K? If you bought your 5711 at $20K but your mate paid $100K, is your watch cool but your mates isn't?
What watch is an indication of connoisseurship? In the world of the internet any moron can search for rare, expensive, high complication, time pieces and, given enough money, own anything. Any idiot with enough funds can go to a Phillips sale and pick up a few 6263s and a Comex 1665, a few tropical subs, does that make him a connoisseur? Does it mean that those watches are no longer cool and that collecting them requires no connoisseurship?
Help me understand.

[CastorKrieg]

Originally Posted by francoamerican

Really was happy to hear Ben clymer talk about how uncool nautilus is at 100k. Taking a bit out of both sides of him mouth, but still. Also the other person made a great point about how it’s not an indication of connoisseurship to wear a nautilus.

This was a contrarian view for the sake of being contrarian. Hodinkee was on the SS watches bandwagon for a long, long time, exactly as others. Let me get the logic straight:

1. You get a great SS watch, the Nautilus because you enjoy it, the comfort, the way you can wear it with everything, the history, the Patek brand, etc.
2. Many people realize that the watch is really cool, and given increasing demand and steady supply the price goes up
3. ????
4. You decide that the watch you bought and/or admired is suddenly not cool because many more people are also interested in having it

This comes out to me as little bit of snobbery. Nautilus was never (I think) an indication of connoisseurship - it's a simple watch from a company very well established in the market. We are not taking Triple Split, we are not talking about indie brand.

[cascavel]

Originally Posted by shkure

Ben also said he would pick a 5270 any day over a steel 5711. Thats what i have been saying on this thread for a long time and got flamed for it, especially by mrwireless. I guess he is one of these "uncool", "me too" "instagram" 5711 types that Ben describes.

Watch connoisseurship is a rare breed nowadays. Mostly dominated by speculators and Instagram showoffs. John Goldbergers of this world are beeing replaced by Timepiece Gentlemen types.

Help me out here. I thought connoisseurs were quiet thoughtful types who followed their own path and took advantage of market dislocations, buying undervalued and ignoring the trendy overvalued, never blowing their own horns until, one day, their mind numbingly great collections were revealed to the world and they were acclaimed as geniuses. If the 5270 is such a great bargain, why not buy one in every color and wait for the world to recognize how prescient you were and, after the great price readjustment, trade each of your 5270s for three or four 5711s?

[liljctl]

Originally Posted by mwireless

And I have a 5270 and a 5711 because they’re both great watches in their own right.

As for me, I have 2 5270s because I wanted more than 1 5711!

Hahaha.

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[Chiboy]

I wouldn't be surprised if what Ben Clymer was sayings was "No one goes there anymore. It's too crowded."

[S``]

Originally Posted by Chiboy

I wouldn't be surprised if what Ben Clymer was sayings was "No one goes there anymore. It's too crowded."

Probably the reason why he made up his own travel clock last year...

"GMT, WT are too mainstream... I'll make my own" - Ben Crymer

[scurfa]

Green already for sale in Singapore for $200,000 US


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[CastorKrieg]

Originally Posted by shkure

There will be a great unwind in SS at some point IMHO, and it will be ugly. PP is getting ahead of it by discontinuing the 5711 all together and putting the spotlight on their complicated pieces.

For sure, at some point the market will shift, that was always the case. At the end of 1980s you had Rolex dealers begging you to take Daytonas' off their hands, nobody wanted them.

This comment from Thierry Stern always stuck with me:

But it’s important that we know we are going to keep them, because it’s the best investment for my family also. I know that if I have Patek Philippe well secured with good reserves, when bad times will come, I can save Patek. Most of the brands today they don’t have any reserves, and I don’t understand that.

Whatever the 5711 replacement is it will be first in precious metal with a 60k+ price tag.

[Patek_collector]

and forget them in retail

[mwireless]

Originally Posted by shkure

Ben also said he would pick a 5270 any day over a steel 5711. Thats what i have been saying on this thread for a long time and got flamed for it, especially by mrwireless. I guess he is one of these "uncool", "me too" "instagram" 5711 types that Ben describes.

Watch connoisseurship is a rare breed nowadays. Mostly dominated by speculators and Instagram showoffs. John Goldbergers of this world are beeing replaced by Timepiece Gentlemen types.

Since you love Ben Clymer so much... Here he is wearing a 5711 to a Patek event. Kinda blows everything you've been saying out the water. LOLL I'm curious though, does that make him on of the "uncool", "me too" and "instagram" 5711 types??

https://www.gq.com/story/patek-phili...s-in-the-crowd

[S``]

Originally Posted by mwireless

Since you love Ben Clymer so much... Here he is wearing a 5711 to a Patek event. Kinda blows everything you've been saying out the water. LOLL I'm curious though, does that make him on of the "uncool", "me too" and "instagram" 5711 types??

Clymer is a wolf among sheeps... Look at how much $$$ he is making with the Donkee's Ltd Ed watches... pumping them out like no tomorrow...

ADs wish they are as cool as Ben, they have to discount BPs, IWCs, TAGs, etc, while Ben, not only sell at full retail, but also get the manufacturers to bend to their will... Last but not least, you have the "connoisseurs" who sits on their work desk, refreshing their computers, phones, tablets, every 5 mins in order to get their orders in AT FULL RETAIL to get their fix..

Total Alpha move by Benny