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

[jschmidtdmd]

I sold my 5711 and I am glad I did. Don't really care how hard it is to get, it was just too plain for me. Replaced it with the 5712 Tiffany and have zero regrets. I personally prefer the 5711 is rose.

[KarlS]

Originally Posted by kultschar

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

It was for a while and if it was blue I would rethink....

[JJ WA]

I would never sell the rarer 5711 white dial (which has been much fewer years in regular production, besides being the most stunning watch ever). The blue looks great too but for a sizable profit I would consider selling it if you don't think you would regret doing so.

[sirish19]

As others have said, it really depends on what you bought the watch for in the first place. Sure, you can probably make a little profit off of it and if you don't really love the watch and want something else, then sell it. Otherwise, I wouldn't think the little profit you can get wouldn't be worth the benefit of being in a very exclusive group of blue Nautilus owners. We buy these watches to enjoy them, so enjoy it.

[mineral]

Love my 5711 too despite I don't wear it often. and I would say keep it as it was a classic design Patek and will never go out dated.

[Jay (Eire)]

Hah! For the that price it'd be out the door in the morning. But as others have stated the market is materially lower than that.

[WAK4]

If you plan to get out of it at some point, yeah, this seems to be a hot market. Can it get hotter? Maybe...but who knows? I sold mine within hours and didn't regret it...I just didn't love it enough for the amount of money I had in it, and put the money into other things that I did.

[cwilson13]

Pics are worth a 1000 words when it comes to the 5711.

I have thought of selling/trading mine... but then I wear it and calmly slap myself in the back of the head.

[codecow]

If you don't like it, it's a good time to sell it.

[GB-man]

Yes 100%

[rossi46]

Originally Posted by Defiancekofb

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.

I'm not trying to be a jerk, but allow me to share an anecdote... My office is in Soho and last Friday I took an extended lunch break and walked around the neighborhood for about 20 minutes getting some fresh air. I saw two 5711s - one in SS and the other in RG. No lie.

Clearly this isn't an everyday occurrence, but I see a Nautilus in the wild in Manhattan at least once a month. Maybe my office location, along with that of my girlfriend (midtown east) has something to do with that.

All this said, the grey market premiums are crazy and at some point I say to myself: that's just too much for a SS watch. Others will have their own "limits" of course.

[Defiancekofb]

Originally Posted by rossi46

I'm not trying to be a jerk, but allow me to share an anecdote... My office is in Soho and last Friday I took an extended lunch break and walked around the neighborhood for about 20 minutes getting some fresh air. I saw two 5711s - one in SS and the other in RG. No lie.



Clearly this isn't an everyday occurrence, but I see a Nautilus in the wild in Manhattan at least once a month. Maybe my office location, along with that of my girlfriend (midtown east) has something to do with that.



All this said, the grey market premiums are crazy and at some point I say to myself: that's just too much for a SS watch. Others will have their own "limits" of course.

No offense taken, perhaps I'm not paying more attention to 5711s, but personally for me I haven't seen one in the wild.


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[malarky_hk]

47k is bubble territory and I'd be happy to liquidate mine.

[KarlS]

Originally Posted by Defiancekofb

No offense taken, perhaps I'm not paying more attention to 5711s, but personally for me I haven't seen one in the wild.


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In the last 3 months I have seen 1 and one 5712

[Sam Philip]

Originally Posted by KarlS

In the last 3 months I have seen 1 and one 5712

Was it in Odessa?

[youthagainsttt]

Have never seen a 5711 in the wild here in hk

[topcat30093]

I have seen two.
One was being worn by the manager of a AD. And the other was on a customer who was attending a private function.

[KarlS]

Originally Posted by Sam Philip

Was it in Odessa?

Ha ha....

[dmash]

Yes, I think now, or in the next year is the time to sell (if you're not wearing it). At the end of the day it's a 3 handed, stainless sport watch. You can't push the price much farther, it just becomes stupid silly to spend that much for what you get.

35-40k for a 5711? That's a completely new ballpark of watches to me. Precious metals, chronos, calendars, etc etc.


and this is coming from somebody who has the 5711 in my top 3 favorite watches.

[Hairdude1]

I miss mine so I wouldn't

[bobernet]

Originally Posted by Defiancekofb

No offense taken, perhaps I'm not paying more attention to 5711s, but personally for me I haven't seen one in the wild

I think this depends on the company you keep. In FinTech, at an executive level, it's almost more rare to see no watch than it is to see Rolex, AP, PP, VC, Omega, etc.

At a certain industry convention I attend, I bet I could find a dozen Nautilus variants in 90 minutes of walking a trade show floor.

VC and PE guys are the same. Disproportionate number of watch collectors, or at least high end watch accumulators.

[Defiancekofb]

Originally Posted by bobernet

I think this depends on the company you keep. In FinTech, at an executive level, it's almost more rare to see no watch than it is to see Rolex, AP, PP, VC, Omega, etc.

At a certain industry convention I attend, I bet I could find a dozen Nautilus variants in 90 minutes of walking a trade show floor.

True, I work in IT, so everyone wears a apple or smart watch. Not that coworkers can't afford Haute horology, most think it is a waste of money. Mechanical watches are going the way of the dinosaur. I used to go to watch G2Gs frequently and some have the highest level of watches, Grubel Forsey Tourbillion, MB&F, Voutilainen, Lange, Journe and the like. Ironically, I just tired of going, seeing same faces, same watches. It got old.

[lapince]

Originally Posted by Sam Philip

Was it in Odessa?

Haha, probably more chances to see some in Odessa Texas, though I did see a tourist wearing a 5980-1R in a club 2 years ago, apart that one never saw another

[Calatrava r]

Originally Posted by Defiancekofb

True, I work in IT, so everyone wears a apple or smart watch. Not that coworkers can't afford Haute horology, most think it is a waste of money. Mechanical watches are going the way of the dinosaur. I used to go to watch G2Gs frequently and some have the highest level of watches, Grubel Forsey Tourbillion, MB&F, Voutilainen, Lange, Journe and the like. Ironically, I just tired of going, seeing same faces, same watches. It got old.

I think your right that watches are going the way of the dinosaur. I always look at people to see if they are wearing watches. Less than half the people I see wear watches and many of those are wearable devices. I think the days are numbered for traditional mechanical/quartz watches. Young people do not see the point as they use their cellphones for the time. Others are embracing the smart watches. There is also the fact the under 60 people going forward simply do not care to or just do not have the money to spend on haute horology. The folks who do earn are really trying to save for their future security in very uncertain times of college loans, health care costs, higher and higher taxes of all types, you name it. Their attitude is clearly money can be put to much better uses.

[HorologyK]

Originally Posted by Calatrava r

I think your right that watches are going the way of the dinosaur. I always look at people to see if they are wearing watches. Less than half the people I see wear watches and many of those are wearable devices. I think the days are numbered for traditional mechanical/quartz watches. Young people do not see the point as they use their cellphones for the time. Others are embracing the smart watches. There is also the fact the under 60 people going forward simply do not care to or just do not have the money to spend on haute horology. The folks who do earn are really trying to save for their future security in very uncertain times of college loans, health care costs, higher and higher taxes of all types, you name it. Their attitude is clearly money can be put to much better uses.

NTM, many collectors I know are liquidating positions at this moment. The smart money knows when to sell at the top.

[KarlS]

The watch debate has been going in circles for ages much as the quartz was the death of the mechanical watch industry it will adapt. if you are looking solely for a time piece use a phone. If you are buying a piece of mechanical marvel that is really the only piece if Jewellery a man can own...buy a watch

[KarlS]

Originally Posted by KarlS

The watch debate has been going in circles for ages much as the quartz was the death of the mechanical watch industry it will adapt. if you are looking solely for a time piece use a phone. If you are buying a piece of mechanical marvel that is really the only piece if Jewellery a man can own...buy a watch

I thought i would be the last generation to buy a watch until by son surprised me with this


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[koz123]

My 5711 not in perfect shape but if I could sell it for over 30k I would.

[KarlS]

Originally Posted by koz123

My 5711 not in perfect shape but if I could sell it for over 30k I would.

If it's not in perfect shape and you can get over $20k....you should!!

[koz123]

Originally Posted by KarlS

If it's not in perfect shape and you can get over $20k....you should!!

... this watch will be worth much more in years to come.