5711 Blue Resale Value

[spinn74]

Hey guys. Haven't checked in for a while. Saw davidsw has a blue dial 5711 for sale for $31,995. Did something change for the price to get this high?

[Russell996]

Originally Posted by spinn74

Hey guys. Haven't checked in for a while. Saw davidsw has a blue dial 5711 for sale for $31,995. Did something change for the price to get this high?

Demand!

[thomaspp]

Yes


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[Defiancekofb]

Patek raised the MSRP from $22.5k to $24.8k. For the 5711A, I just put my deposit for early 2018 delivery and when I saw the receipt I said, wait isn't it suppose to be $22.5k? AD Advisor said, Patek raised the prices and what's messed up is that at the time of the delivery of my 5711/1A, if Patek raises the price again, I have to pay the price difference. I'm not locked in at $24.8k even though that's what my deposit receipt says.

[beachbum]

5711a blue dial is as liquid as they come. It's money in the bank as well as on your wrist. The watch is always in demand and I don't see t changing any time soon.

[RUK]

Originally Posted by Defiancekofb

Patek raised the MSRP from $22.5k to $24.8k. For the 5711A, I just put my deposit for early 2018 delivery and when I saw the receipt I said, wait isn't it suppose to be $22.5k? AD Advisor said, Patek raised the prices and what's messed up is that at the time of the delivery of my 5711/1A, if Patek raises the price again, I have to pay the price difference. I'm not locked in at $24.8k even though that's what my deposit receipt says.

I had a price increase a month before I picked mine up and the AD said that the price was fixed at the time I paid the deposit.
Worth checking it out in detail

[Russell996]

Originally Posted by RUK

I had a price increase a month before I picked mine up and the AD said that the price was fixed at the time I paid the deposit.
Worth checking it out in detail

Not the case on watches I have purchased in the UK, price rises were applied on PP and Rolex pieces between deposit and delivery.

[goog53]

Originally Posted by Defiancekofb

Patek raised the MSRP from $22.5k to $24.8k. For the 5711A, I just put my deposit for early 2018 delivery and when I saw the receipt I said, wait isn't it suppose to be $22.5k? AD Advisor said, Patek raised the prices and what's messed up is that at the time of the delivery of my 5711/1A, if Patek raises the price again, I have to pay the price difference. I'm not locked in at $24.8k even though that's what my deposit receipt says.

You are incorrect my friend. Consider $24,800 a bargain. In the US $26,700 was list roughly 2.5 years ago then Patek US had a price DECREASE. Anyone who pays 30K for this piece with all due respect is out of their mind IMO.

[Defiancekofb]

Originally Posted by goog53

You are incorrect my friend. Consider $24,800 a bargain. In the US $26,700 was list roughly 2.5 years ago then Patek US had a price DECREASE. Anyone who pays 30K for this piece with all due respect is out of their mind IMO.

Hmmmm wow good to know. But I wish it was still $22.5k. But apples to apples I guess, if I can score it at retail and my name on the papers, then it's a win win.

[KarlS]

When I bought my 5930 I was concerned there would be a price increase prior to delivery due to weakening pound. I paid in full in May 2016 and AD held the price even though it was 10% more expensive at delivery in December 2016. On shorter lead times this isn't unrealistic but on those over a year it's unrealistic to expect them to do so

[Defiancekofb]

Originally Posted by KarlS

When I bought my 5930 I was concerned there would be a price increase prior to delivery due to weakening pound. I paid in full in May 2016 and AD held the price even though it was 10% more expensive at delivery in December 2016. On shorter lead times this isn't unrealistic but on those over a year it's unrealistic to expect them to do so

Hey I was wondering, do you know how Patek specifically decides on AD allocation? Because at my AD, the advisor stated that perhaps after baselworld, Patek could increase the allocation for specific models. He stated that his branch ordinarily gets two 5711/1A's a year and both are spoken for VIA deposit by some heavy hitters, so unless one person bows out or Patek decides to send 3-4 watches to my AD this year it's pretty much early 2018 delivery.

[jonathan17]

Originally Posted by Defiancekofb

Patek raised the MSRP from $22.5k to $24.8k. For the 5711A

Hi! Do yo happen to know when did this transition occur? I Had the impression patek dropped prices 2 years ago i think 2015. Thanks.

[masyv6]

Originally Posted by goog53

You are incorrect my friend. Consider $24,800 a bargain. In the US $26,700 was list roughly 2.5 years ago then Patek US had a price DECREASE. Anyone who pays 30K for this piece with all due respect is out of their mind IMO.

The 5711 is great and all, but at 30K? I don't think so. Especially considering the Jumbo trades for ~22k.

[texex91]

Originally Posted by goog53

Anyone who pays 30K for this piece with all due respect is out of their mind IMO.

Agree 100%

[DeeTee]

If you spend 30k and get a 5711 instead of a 5712 your a nut.
David will find a buyer desperate enough though.

[bdex75]

This is the SS one, right??? I know my PP knowledge is lacking and it is a hot commodity but $30k for a SS watch without complications is just obscene to me. I am with Mike and Paul on this one.


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[alexlt730512]

not that easy to get since the wait list could be 2-3 years long and some dealers don't even take wait list anymore due to super high demand and the less qtys that PP makes on a yearly basis.

[KarlS]

Originally Posted by Defiancekofb

Hey I was wondering, do you know how Patek specifically decides on AD allocation? Because at my AD, the advisor stated that perhaps after baselworld, Patek could increase the allocation for specific models. He stated that his branch ordinarily gets two 5711/1A's a year and both are spoken for VIA deposit by some heavy hitters, so unless one person bows out or Patek decides to send 3-4 watches to my AD this year it's pretty much early 2018 delivery.

I can't speak for USA as I was under the impression there is no wait list. They just sit in display cases waiting for the right person to ask the right questions!! Why would production change after Baselworld? Can't think of a reason. In the U.K. You pay a deposit and your AD orders from the distributor against your name. This makes sure there are no multiple choices. Obviously in the U.K. They stickler for rules and ny AD waited 5 years for his own! Seems customers do come first!!

[Russell996]

Originally Posted by DeeTee

If you spend 30k and get a 5711 instead of a 5712 your a nut.
David will find a buyer desperate enough though.

I would always choose a 5711 over a 5712 - no comparison in looks. I would be looking elsewhere for complications.
If I couldn't wait the price becomes secondary - luckily I am patient.

[Russell996]

Originally Posted by KarlS

They are sticklers for rules and my AD waited 5 years for his own! Seems customers do come first!!

+1. UK AD own purchases come right at the bottom of the list behind customers.

PS. And he has scratched the bezel - he is gutted but full marks as it is his daily wearer.

[Wazen]

I was in Paris last week and visited PP salons. I asked for the 5711 and been told that waiting list is 4 years for the blue dial and 2 years for white and they don't take any order. The aquanut 5167 is 2 years waiting list and they agreed to add my name. i may get it few months earlier if I am lucky.

[Chute]

Originally Posted by beachbum

5711a blue dial is as liquid as they come. It's money in the bank as well as on your wrist. The watch is always in demand and I don't see t changing any time soon.

I wonder how true this really is. Sure if a reputable dealer gets one at retail and avoids sales tax, they can sell it for a profit. But what if I buy it at full retail plus tax and no one knows who I am. I doubt I could then sell it for a profit.

[Defiancekofb]

Originally Posted by KarlS

Why would production change after Baselworld? Can't think of a reason.

This is what I was thinking as well. I think it was more of a sales pitch tactic, but hey I guess it worked, LOL. My AD stated they have an allocation of 2 5711/1A Blue Dial a year and both are spoken for VIA deposits. If I put the deposit down, I'm 1st in line for the next one 2018. They didn't ask for 50% like the other ADs that I have called, so I was sold and put down the deposit and now patiently waiting. Hopefully one of the two people ahead of me changes their mind. lol The deposit is fully refundable at any time the receipt states as well as my advisor. So I am comfortable with the deal so far.

Originally Posted by Russell996

I would always choose a 5711 over a 5712 - no comparison in looks. I would be looking elsewhere for complications.
If I couldn't wait the price becomes secondary - luckily I am patient.

Agreed, the 5712 doesn't do anything for me, the dial is quite busy for a 40mm watch. I have no need for the moonphase, also the $32k sticker is a lot for a steel watch, also I doubt it holds it's value on the secondary market like the 5711/1A does. 5711/1A is a classic Gérald Genta design and that won't ever change.

Originally Posted by Wazen

I was in Paris last week and visited PP salons. I asked for the 5711 and been told that waiting list is 4 years for the blue dial and 2 years for white and they don't take any order. The aquanut 5167 is 2 years waiting list and they agreed to add my name. i may get it few months earlier if I am lucky.

This is why I went to my AD, if you go to a big city AD, this is what they will tell you. Unless your a regular customer that spends $100k a year in that particular AD. Not just for watches but perhaps jewelry for the misses, etc. I have literally called every Patek AD in the US, I primarily targeted small Midwest ADs, most of them stated they want 50% down payment ($12.3k) up front and no ETA (estimated time of arrival/delivery), or that they only sell a 5711 to their premier customers that spend money on big ticket items.

Originally Posted by Chute

I wonder how true this really is. Sure if a reputable dealer gets one at retail and avoids sales tax, they can sell it for a profit. But what if I buy it at full retail plus tax and no one knows who I am. I doubt I could then sell it for a profit.

Buy the watch from an AD, you tell them to ship it out of state to a relative you trust and tell said relative to ship it back to you, and you'll pay them back for the shipping cost. Paying $200 for overnight shipping + insurance is much cheaper than paying $2,000+ in taxes on a $24.8k watch.

[slashd0t]

I'll take this over a 5711 for the same price any day..

[jschmidtdmd]

I feel both are special in their own right.

[scarlet knight]

Are the 5712s readily available?

[slashd0t]

Originally Posted by jschmidtdmd

I feel both are special in their own right.

I completely agree .. Pretty much the entire Nautilus line is a home run IMO

[Defiancekofb]

Originally Posted by slashd0t

I'll take this over a 5711 for the same price any day..

If were talking the same price for both pieces, then obviously the 5712, but no way I would pay $32k for a 5711. Personally, I would rather get a 15400or on strap, if we were talking this price range.

Originally Posted by scarlet knight

Are the 5712s readily available?

Depends on your definition of readily available, if you mean in the AD's safe and buy it today, no. My AD stated there was currently no pre purchased VIA deposits for a 5712, so it would be a 1-6 month wait for one. There is a 2 watch allocation for the 5712, just like the 5711, but the two 5711s for 2017 are already presold VIA deposit, one was delivered a few weeks ago. So there is only one left for 2017.

[SpeedyTuomas]

According to my AD contacts the 5712 is hard to get, although not as hard as a 5711 blue :)