These prizes are crazy... 5711/5712

[Sam Philip]

Originally Posted by Aquaman

i do think they recycle there watches and push the prices up,

as watch club had a 5711r the other week brand new going for 79 if recall, but dont hold me to that

I also think the same

Until recently they had 2 5740Gs listed for £ 195000. It appears they have "moved" one

[Aquaman]

Originally Posted by Sam Philip

I also think the same

Until recently they had 2 5740Gs listed for £ 195000. It appears they have "moved" one

Don't ask me how I know, but they only had the 1, it just generates interest, I've been told of someone who put his own Nautilus in a window, to get people into the shop, he was never gonna sell. It

[SMD]

Originally Posted by karasus

Well StockX shows the demand side of things, with clear asking prices: 5711 (ask-bid: 41k USD) and 5711R (ask-bid: 72k USD).

So pretty much 5711 would be a premium but just not the crazy premium currently asked on chrono24. Even if the 2nd hand market corrects, people who bought retail will be fine on reselling as there will be demand at the 40-50k range and 70-80k range for the R.

https://stockx.com/patek-philippe-nautilus-57111r-brown

https://stockx.com/patek-philippe-nautilus-57111a-blue

I think those 5711 numbers are low. I was offered 45 from a trusted seller on here several months ago. Pricing has not come down since then.

[iLLGT2]

Originally Posted by V25V

It really is.... the steel prices are out of freakin control. Who is paying 60Kish for a freakin steel nautilus 5711? Bonkers. 100K for a gold one? Unreal... and we wonder why flippers exist in masses these days

Crazy
And same can be said about our beloved car scene too

What’s crazy is (and obviously it’s not a style for everyone) a Patek 5960p can be had for 45-55

Now that’s a bargain with a what 97k retail

How would anyone cross shop a 5711 with that
Beyond my imagination

[AK797]

Originally Posted by Sam Philip

I also think the same

Until recently they had 2 5740Gs listed for £ 195000. It appears they have "moved" one

All this Machiavellian dealing takes some man hours so they do need to charge higher prices for all this extra labour.

[marselluswallace]

Originally Posted by Sam Philip

I have been following their prices. May be a week or two ago they had a 5711R listed for £ 87750, 1 year and 9 months warranty was left on the watch. It was gone after a few days. They also had a 2015 5711A blue listed for around £ 55000 ( I can't recall the exact price) and it was gone in few days too.

Now they have a 5711R with 1 year and 9 months warranty listed for £ 94500 and a 2015 5711A listed for £ 59950.

Is this a co-incidence?

In the words of Mark Hanna - “It’s all a fugazi”

[cascavel]

I remember when the Panerai PAM 203 was trading above $100K and the 127 was in the $22K range. Tastes change, times change, production volumes change.

[Fat_ninja]

Originally Posted by cascavel

I remember when the Panerai PAM 203 was trading above $100K and the 127 was in the $22K range. Tastes change, times change, production volumes change.

This post reminded me of this song with a little less expletives

[strettyend]

The steel 5711 is overpriced at list let alone these grey prices...

Ok going to hide in my bunker now

[bruinmd]

Originally Posted by strettyend

The steel 5711 is overpriced at list let alone these grey prices...

Ok going to hide in my bunker now

lol-- no bombs from me, b/c you're absolutely right.
And yet, I would do back flips if it became available to me at retail.

[JR16]

Originally Posted by strettyend

The steel 5711 is overpriced at list let alone these grey prices...

Ok going to hide in my bunker now

Idk, I mean how does one define a luxury item that is “priced right”? I’m no economist but it seems that the current market is saying that the 5711 at msrp is underpriced, no?

I’m not into art, but I see people paying crazy money for paint spread out on a piece of canvas that probably costs next to nothing to make.


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[aa909]

Originally Posted by JR16

Idk, I mean how does one define a luxury item that is “priced right”? I’m no economist but it seems that the current market is saying that the 5711 at msrp is underpriced, no?

I’m not into art, but I see people paying crazy money for paint spread out on a piece of canvas that probably costs next to nothing to make.


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You are correct, the current market says the retail price of a 5711 is underpriced, the questions is "by how much?". How much of the price premium is "real" supply-demand? IMO supply is being artificially suppressed with ADs trickling out their allocations, and even moving them out the side door to grey dealers at a premium. If the supply-demand is not organic then the ensuing fall will be sharper than the preceding climb was steep.

Now I'm no Art expert, but there may be unique pieces that can be tucked away when the eventual economic downturn comes, and reemerge later at higher prices. But no single 5711 is really unique or special vs any another 5711. Plus they'll keep making more and more of them so the supply is essentially endless. When the bubble bursts, the retail and second hand supply will out pace demand and prices will correct. Only matter of time

[hrm]

I love my 5711 but at these prices it’s getting harder to justify keeping it especially when a 5711 plus 30-40k will get you a 5207. The only issue is when will prices come back down to earth and make it realistic to get one from an AD.

[jrs146]

Originally Posted by hrm

I love my 5711 but at these prices it’s getting harder to justify keeping it especially when a 5711 plus 30-40k will get you a 5207. The only issue is when will prices come back down to earth and make it realistic to get one from an AD.

I don't think it will ever be realistic to get one from an AD. Patek knows what they are doing with the 5711/12. I find it hard to believe that production will ever increase to where one would easily be able to find them sitting in a case.

[alika]

Hello all,
I live in Istanbul,TR, I found a 5711 BNIB and the price is 75k €.
The price is just not logical imo and I said pass.
Just wanted to let everyone know...
These premium prices are making me sick.

[Reign]

Global economy is booming right now. New millionaires are being minted daily so to drop $75k or whatever that number is is a drop in the bucket if you want just one watch to commemorate your success.

The people that are buying at these are not multi watch collectors and scooping up $500k or watches in a single go.


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[Fat_ninja]

Originally Posted by Reign

Global economy is booming right now. New millionaires are being minted daily so to drop $75k or whatever that number is is a drop in the bucket if you want just one watch to commemorate your success.

The people that are buying at these are not multi watch collectors and scooping up $500k or watches in a single go.


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I became a millionaire when my watch portfolio doubled... lol. I joke. I’m still poor. 1mil Rand doesn’t go very far.

I have 3 cents but thats now 1 more penny than the 2 pennies that needed for rubbing together

[CamSLC]

[marselluswallace]

Originally Posted by tng11

Agreed. I don't believe them all the time.

In other news: WF has a 5711/1R for only £94,500 ($120,000 USD).

https://www.watchfinder.co.uk/Patek%...84/item/139841

Not advertised any more.Has it sold or will it magically appear a little later at an even higher price

[Passionata]

What i don t really get ,there are plenty of 5711 for sale on €65k and similar why ppl advertise theirs on the same site for 10 or even 15G more.anybody to explain?thanks

Btw the current situation is 156pcs 5711 for sale on C24

[Commonproject]

Originally Posted by Passionata

What i don t really get ,there are plenty of 5711 for sale on €65k and similar why ppl advertise theirs on the same site for 10 or even 15G more.anybody to explain?thanks

Btw the current situation is 156pcs 5711 for sale on C24

Probably just same sellers putting in a higher price then listing another at a lower price to give the illusion that those are good deals.

[Passionata]

Originally Posted by Commonproject

Probably just same sellers putting in a higher price then listing another at a lower price to give the illusion that those are good deals.

that s make sense

[sameer222]

Originally Posted by Passionata

What i don t really get ,there are plenty of 5711 for sale on €65k and similar why ppl advertise theirs on the same site for 10 or even 15G more.anybody to explain?thanks

Btw the current situation is 156pcs 5711 for sale on C24

I've been informed by reputable (pinch of salt) grey dealers that their 5711A's are struggling to move around the 67-68K USD range. It may seem that is the ceiling, for now at least.

[Fat_ninja]

Originally Posted by sameer222

I've been informed by reputable (pinch of salt) grey dealers that their 5711A's are struggling to move around the 67-68K USD range. It may seem that is the ceiling, for now at least.

Until the Chinese stock market starts to move again... wait til 4Q

[Passionata]

Originally Posted by Fat_ninja

Until the Chinese stock market starts to move again... wait til 4Q

OrSP500 hits 3500

[Fat_ninja]

Originally Posted by Passionata

OrSP500 hits 3500

Naw. That just means the daytona goes to 35k. Lol

The market needs the chinese.

MYbe they can lend everyone some money on the one belt one road program lol

[Passionata]

Originally Posted by Fat_ninja

Naw. That just means the daytona goes to 35k. Lol

The market needs the chinese.

MYbe they can lend everyone some money on the one belt one road program lol

Or may we should lend some money to do so

https://www.zerohedge.com/news/2019-...ontrol-economy

[Fat_ninja]

Originally Posted by Passionata

Or may we should lend some money to do so

https://www.zerohedge.com/news/2019-...ontrol-economy

zerohedge, haven't read that in so long lol


Those crazy hedge fund guys.!!!!

[Bearxj86]

There is a live auction in a watch group on facebook and the current bid for a brand new 5712 is currently at $86.5k and going up.

[Commonproject]

Originally Posted by bearxj86

There is a live auction in a watch group on facebook and the current bid for a brand new 5712 is currently at $86.5k and going up.

Link to the group?