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24 January 2018, 02:44 PM | #121 | |
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24 January 2018, 02:58 PM | #122 |
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That’d be a steep fall for Patek. The Birkin is an equisite bag and still one of the jewels of Hermes’ collections. The steel nautilus is a nice sports watch that has been hyped beyond all reason. Anyone who would pick one as the top 15 of all Patek’s watches in the last 20 years is nuts. Money aside, of course.
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24 January 2018, 03:15 PM | #123 | |
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24 January 2018, 03:34 PM | #124 | |
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Patek - at least until this year - was associated with complications and grand comps. I don’t think most collectors or most Sterns would connect or want the brand connected to a steel sports watch as a primary reference. I realize that reads snobby, but it’s not meant to. |
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24 January 2018, 03:43 PM | #125 | |
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(I feel like everytime someone does a car comparison with watches they should have to put 20 bucks in the jar. By Christmas we will have enough for a 5711 giveaway )
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24 January 2018, 03:43 PM | #126 | |
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24 January 2018, 03:46 PM | #127 | |
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24 January 2018, 03:50 PM | #128 |
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Of course Thierry Stern is mighty aware of what we are all talking about Re: his interview on Hodinkee a few years back when he was asked to consider the Nautilus.
"A few years ago, I would've said the Calatrava, but now I would say the Nautilus. The Nautilus is a very strong watch. 60 percent of the clients here are wearing one which is great, but it’s dangerous too. We don’t want to become a one watch brand, so I control the production. We could easily sell twice as many steel Nautiluses as we do. Now you can get them on the second hand market for more than the retail price because of this." |
24 January 2018, 03:50 PM | #129 |
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24 January 2018, 04:00 PM | #130 |
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If its US only, i suspect its going to affect the UK negatively. UK pricing in USD is already attractive vs US pricing + sales tax (not including VAT refunds). This would further make the UK a more attractive place to source these references and make the scarcity here worse. This was corrected partially by the UK price rise last year, but this will create the imbalance again.
The UK price imbalance with Rolex would be the case study here. 5172 is $35,600 in the UK (including VAT), in the US with tax its going to be $43k (approx.) |
24 January 2018, 05:53 PM | #131 | |
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Sure we'll follow asap |
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24 January 2018, 06:11 PM | #132 |
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Indeed it wasn t a general PI just adjustment of the costs of these 2models it will be done all markets just the information flow is better from the US i guess.
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24 January 2018, 06:17 PM | #133 |
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Is this US only or global? I have a 5712 but these prices are getting too high for steel models imho.
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24 January 2018, 06:38 PM | #134 | |
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In any case, I certainly believe a similar price increase is coming for the 5711/1R, which would then be in line with the pricing for the AP RO 15202OR. |
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24 January 2018, 06:55 PM | #135 | |
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24 January 2018, 07:03 PM | #136 | |
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24 January 2018, 07:08 PM | #137 | |
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The bigger the secondary market spread the more people are lining up to buy at retail. Secondary prices will rise but i doubt it will be the same percent as the retail increase. Keeping the spread down helps lower demand at AD's and makes it less attractive for speculators |
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24 January 2018, 07:46 PM | #138 | ||
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24 January 2018, 08:07 PM | #139 |
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Price increase
I spoke with my good friend at the Geneva Salon and indeed this price increase is happening from 1st March. He told me the price has remained the same on these pieces for last 8 years so Patek felt these pieces were undervalued. Also production numbers will remain low and not go up to profit more.
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24 January 2018, 09:05 PM | #140 | |
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24 January 2018, 09:33 PM | #141 | |
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Yes I believe it’s a worldwide increase.. Sent from my iPhone using Tapatalk |
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24 January 2018, 09:44 PM | #142 |
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Anyone knows if the 5711-1R has also increased accordingly?
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24 January 2018, 09:54 PM | #143 | |
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24 January 2018, 09:57 PM | #144 |
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24 January 2018, 10:02 PM | #145 |
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So Guys if you are happily on the waiting list for these models, are you planning to stay or ask to be removed after this price increase?
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24 January 2018, 10:08 PM | #146 | |
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I'm not paying over 60k USD retail for a SS nautilus, no way. |
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24 January 2018, 10:51 PM | #147 |
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Sensible move, increase price to try to cut demand for the SS pieces and move buyers onto PM pieces.
Now enforce even more strictly the restriction for overseas buyers sourcing from the UK and it would be perfect. |
24 January 2018, 10:52 PM | #148 |
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I'm walking away. Yes, the grey market has spoken and priced the 5712/1A at 40K, but the watch was worth at most MSRP to me. At the new MSRP I'll do just fine without one.
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24 January 2018, 11:01 PM | #149 |
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Price increase
I have never considered a SS Patek(thats what Rolex is for) so I don’t follow the Nautilus market at all. It sounds like the speculators have driven up prices and PP wants a piece of the pie. For these prices you guys should consider a LNIB 5146. These annual calendar watches are awesome and a great value preowned. Then use the difference and buy a SS Rolex.
I would not get sucked into The nautilus hype; its too costly. Not enough value in that watch. Sent from my iPhone using Tapatalk |
24 January 2018, 11:09 PM | #150 | |
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Anyone willing to pay 40K for a new 5711 would cause me to raise prices also. They could’ve gone higher than they did. The depreciating USD also tells me Rolex probably isn’t far behind. Sent from my iPhone using Tapatalk |
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