Is now the time to sell a 5711-blue dial?

[Calatrava r]

I see the crazy prices on these. One dealer wants 47K. I am thinking now may be the time to sell. Not lose money. A first for me. Any thoughts.

[KarlS]

When I got the P I sold the A and made some money. Probably regretted it a week later...I then decided on white dial and had to wait 2 months on a waitlist to get one. So I wouldn't...

[jon_jon]

If you consider your watch as an investment, I suppose it is not a bad time to sell your 5711/1A.

I am sure there are plenty of people who flipped their SS Daytona C for a decent profit.

I really think it is a personal decision.

[nyc2la]

Offered at (47k in your example) is different than traded at.

Agree with jon_jon, to keep or not to keep depends on your intentions.

[yessir69]

It's always a good time to sell a 5711 with a blue dial. The question is whether you really want to part with it.

[KarlS]

I doubt you will get $47k though. I think the range for a dealer was about $22-25k

[martinr]

Do you mean sell now instead of waiting to see if prices keep going up?

[Defiancekofb]

Originally Posted by KarlS

I doubt you will get $47k though. I think the range for a dealer was about $22-25k

I'm in the NYC area I heard grey dealers selling for $35-38k. So I would assume the grey dealer would be buying the watch in the high $20k range. Recently there was a Hong Kong auction where a 5711 went for $34k USD I believe. Like others have stated, if you really need the profit money, then take it. Profit is profit after all. But if you don't really need the profit monies, then you will regret selling in my opinion.

I'll say this, I have seen a 5711 five times in my life. One Tiffany blue dial, three regular blue dials, and one white dial. If I made an effort to go to watch G2G more often I'm sure the number would be higher, but the watch for a steel sports watch it is as rare as it gets. I have never seen a 5711 in the wild. Ever. In Manhattan, specifically, I see many Rolex (obviously), even alot of AP, and many Patek Calatrava and few Aquanauts. But never a 5711 Nautilus.

[Calatrava r]

Originally Posted by martinr

Do you mean sell now instead of waiting to see if prices keep going up?

Actually, I am thinking the overall watch market softness will eventually hit all models even the ones in high demand currently. Plus the Daytona C and the 5711 demand is driven mostly by the refusal of the companies to supply them. That could clearly change also. I would certainly miss this piece but at some point without heirs the time will come to part with it.

[Defiancekofb]

Originally Posted by Calatrava r

Actually, I am thinking the overall watch market softness will eventually hit all models even the ones in high demand currently. Plus the Daytona C and the 5711 demand is driven mostly by the refusal of the companies to supply them. That could clearly change also. I would certainly miss this piece but at some point without heirs the time will come to part with it.

Someone correct me if I'm wrong, but assuming you paid retail $24.8k, The 5711 MSRP was actually $28k a few years back and Patek lowered the price to $24.8k because economy of the luxury watch market was bad. I highly doubt Patek will lower the MSRP of the 5711 any further, if anything, it will get raised. On my deposit slip, it says the exact MSRP is $24,836 and it says price will be determined at time of delivery. So if Patek decides to raise the price, that really sucks for me.

[KarlS]

Originally Posted by Defiancekofb

I'm in the NYC area I heard grey dealers selling for $35-38k. So I would assume the grey dealer would be buying the watch in the high $20k range. Recently there was a Hong Kong auction where a 5711 went for $34k USD I believe. Like others have stated, if you really need the profit money, then take it. Profit is profit after all. But if you don't really need the profit monies, then you will regret selling in my opinion.

I'll say this, I have seen a 5711 five times in my life. One Tiffany blue dial, three regular blue dials, and one white dial. If I made an effort to go to watch G2G more often I'm sure the number would be higher, but the watch for a steel sports watch it is as rare as it gets. I have never seen a 5711 in the wild. Ever. In Manhattan, specifically, I see many Rolex (obviously), even alot of AP, and many Patek Calatrava and few Aquanauts. But never a 5711 Nautilus.

If it went at auction for $34 I presume that's the hammer price and commission meaning hammer was around $27 and the seller probably netted
$23.5

[Defiancekofb]

Originally Posted by KarlS

If it went at auction for $34 I presume that's the hammer price and commission meaning hammer was around $27 and the seller probably netted
$23.5

Ahhh I understand. That's what I was thinking about the grey dealers in NYC that list for $34-35k. I assume they would be collecting a finders fee during a said sale of the piece assuming its on consignment.

[Slider817]

Definitely a time to sell (if you don't want the watch)

[lapince]

For 47k either the dealer is bat shit crazy, either it is a Tiffany unworn 5711, but even like this can't imagine the Tiffany stamp to be worth a premium of 14k, since one sold not long ago, non Tiffany, at auction for 33.5.
If you love and wear the watch and have no special need for money jow, I would keep it, don't see the prices going down, they will if they decide to produce more, but T Stern said more than once that they don't want to be known as AP like a one watch brand, even if that is not totally true since there is a huge difference between RO's, ROO's and concept cases, but yes they are all Genta designs or derivated from Genta designs. So I don't see PP raising production on the SS Nautilus models, hence prices should gain or maintain actuel levels.
So I would sell either if you need the cash, or if you want to upgrade to something else, or don't wear it for some reason, if none of these I would just keep it, awesome watch, very rare and hard/impossible to get, but of course when you see that you can get an AP 15400/15300 plus a Rolex sub for the grey price of the 5711, it gets you thinking, though personally I prefer the 5711 to the other 2 combined

[AK797]

I'd only sell if there was something I wanted more, profit or loss is not my primary motivation.

[martinr]

Originally Posted by Calatrava r

Actually, I am thinking the overall watch market softness will eventually hit all models even the ones in high demand currently. Plus the Daytona C and the 5711 demand is driven mostly by the refusal of the companies to supply them. That could clearly change also. I would certainly miss this piece but at some point without heirs the time will come to part with it.

I doubt Patek will increase production and with all the people on waiting lists demand will be strong for a while. There will always be enough WIS types to buy all the 5711's for sale. I sold a 5711 white dial about a year ago for about what I paid. I had other watches I wanted to wear more so it just sat in the safe. But if you wear yours I'd keep it for now.

[kultschar]

Originally Posted by AK797

I'd only sell if there was something I wanted more, profit or loss is not my primary motivation.

This

Also find it hard to believe one will fetch 47K

[scrappy]

Before I knew anything about watches, I was I the market for a steel sports watch and ended trying on both a Sub date and 5711 blue. I couldn't justify the price difference and bought the Sub. I left the store still thinking about the 5711 and started researching the Patek brand.

Went back the next week and bought the Patek. Went back the following week and bought a 5980/1A blue dial.

Several years and 8 Pateks later I'm still in love with the brand and look forward to my next acquisition.

True story.

[alexlt730512]

I wouldn't sell it since this one is extremely hard to come by and I heard even white dial is not easy. most people who sold this watch before are usually regret on selling it.

[goog53]

$26,700 was the old US Price and it is now $24,836. Are you in this hobby to make a few thousand dollars which certainly isn't life changing or are you in it to enjoy a really nice watch? Only you can decide.

[ap1]

Hold, it's THE watch

[Hramez]

Grey dealer sell around $ 30 to 32k never heard this 47k , anyway I suggest u keep ,it is a lovely piece & the most iconic nautilus, I made this mistake long time ago , & regretted it a lot , now I am on reservation list , waiting for the call , think it will take another year to get ..



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[1William]

I would only sell if I no longer wanted the watch.

[brmeyers]

I made the mistake of selling my blue 5711... Prices and value has only gone up since I did.
The waiting lists seem as long as ever and demand is off the charts according to my AD for blue, so I would keep it.
One AD told me waiting list for white was 30 people, for blue it was a 100 and they are only allocated a couple a year.
Honestly even if I didn't want the watch I would hold onto it. I see no evidence of pricing and demand going done.

[martinr]

Why are people saying they sold and regret it? If you sold it must have been because you really didn't like the watch enough to keep and wear it. The regret is about money not love of the watch.

[brmeyers]

.

[lapince]

Originally Posted by martinr

Why are people saying they sold and regret it? If you sold it must have been because you really didn't like the watch enough to keep and wear it. The regret is about money not love of the watch.

Yeah most surely about the cash. But some guys buy and sell the same watch 2-3 times before they realize it was the watch for them. Thank goodness I am not like that, would go crazy to sell 2 times a watch to realize at the third try I love it

[lapince]

I love both my 5711/12, have no intention of selling except if I wanted another watch badly, or wanted to buy something. For the moment quite happy to wear both, and even if my fave is the 5712, love wearing from time to time the 5711, but must say that the white dial is growing on me, not excluded that one day I might sell the blue 5711 and get the white if the love continues to grow like it is doing now

[KarlS]

Originally Posted by martinr

Why are people saying they sold and regret it? If you sold it must have been because you really didn't like the watch enough to keep and wear it. The regret is about money not love of the watch.

In my case it was t quite the blue I had expected and I bought it unsighted. When the P came it was toast and that was exactly the blue I expected. Once it was gone I realized I actually had no SS watches as beaters. So it was onto the list for a white dial which I think I did prefer she. I got to see it. The waitlist was meant to be 1 year but I was lucky it was 2 months. During the weight I bought a BLNR. The watch I don't regret letting go is the 5167z

[kultschar]

Thought the 5167 would have been a good Patek "beater" Karl?