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21 August 2019, 11:55 AM | #181 |
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23 August 2019, 09:07 PM | #182 |
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More evidence of the correction, with comparable listings from DSW:
July 13th 2019 - September 2017 5712/1A listed for $85,575: https://www.rolexforums.com/showthread.php?t=686359 August 22nd 2019 - June 2018 5712/1A listed for $73,575: https://davidsw.com/watches/patek-ph...5712-nautilus/ That's close to a 15% drop in the span of a month. EWC has also been marking down a lot of their Nautilus/Aquanaut inventory a few thousand every few days. They recently had a December 2018 5711/1A Blue that they marked down to $64,900. The current prices are still ridiculous but I'm hoping this will shake some of the speculators and we can go back to enjoying the watches without worry. |
23 August 2019, 09:43 PM | #183 |
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Not here. Prices at Chronext have gone back up, 5712 at an all time high of £85K now, 5711R also back up 3k to £108k.
https://www.chronext.co.uk/patek-phi...-1a-001/C59407 |
23 August 2019, 09:46 PM | #184 |
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5740 price seems to be genuinely coming down. Price drop of £15K again and down to £166K from a high of £200K.
https://www.chronext.co.uk/patek-phi...-1g-001/V16545 |
23 August 2019, 09:59 PM | #185 |
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I believe 5711 peaked around $77k brand new and the 5712 actually peaked around $90k in early July. Take 10-12% off for pre-owned.
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23 August 2019, 10:02 PM | #186 | |
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23 August 2019, 10:21 PM | #187 | |
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23 August 2019, 10:24 PM | #188 |
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23 August 2019, 10:44 PM | #189 |
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In the website link, it says "New"? I think it includes the 20% VAT, hence the high prices in UK. But I am just guessing.
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23 August 2019, 10:54 PM | #190 | |
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That's a significant drop. |
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23 August 2019, 11:00 PM | #191 |
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Pretty sure the high prices were the testing the water to establish the baseline - until the first pieces sell no-one knows what the market will stand. Same with the current pricing on the 5726 and I'm sure very soon the 5212.
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23 August 2019, 11:50 PM | #192 |
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Bump, Bump, Goose? S’long Nautilus speculators!
Only an AD charges 20% VAT (which is included in their prices). Anything on ChronExt is pre-owned.
WF had an unworn 5711 blue for £70K for a day or two (it was there this morning but has gone now). UK prices are still high! Sent from my iPhone using Tapatalk
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24 August 2019, 12:02 AM | #193 |
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it is a wave of market downturn coming from Hong Kong/china. i has reached dubai and will reach europe soon.
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24 August 2019, 12:19 AM | #194 | |
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24 August 2019, 12:19 AM | #195 |
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24 August 2019, 12:46 AM | #196 | |
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WF have an almost biblical following and not the stock of Chronext or their sourcing ability from ADs so their prices are high as is their demand. |
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24 August 2019, 12:46 AM | #197 |
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24 August 2019, 02:54 AM | #198 |
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Patek UK grey prices seem as high as ever, hopefully this will continue for some time. I am personally hoping for a huge retail price increase from Patek, the low end steel models are far to cheap especially in the UK.
Hopefully a 20-30% increase coming soon from Patek. |
24 August 2019, 03:01 AM | #199 | |
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24 August 2019, 04:47 AM | #200 | |
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24 August 2019, 05:46 AM | #201 | |
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VAT is charged on the difference between purchase and sold price. In other words, purchase for 10K, sell for 15K, VAT is payable on 5K, not the full 15K. The rate of VAT is less too, 16.67% instead of the typical 20%. https://www.gov.uk/guidance/the-marg...vat-notice-718 |
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24 August 2019, 08:27 AM | #202 | |
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24 August 2019, 12:31 PM | #203 |
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24 August 2019, 01:47 PM | #204 |
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With how short lived this pull back is going to be...I'll say a cough
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24 August 2019, 05:21 PM | #205 |
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honestly on Chrono and in Dubai (i know couple of dealers), prices are not moving down at all. the 5711 blue and 5990 are still at all times high ($75K for 5711 at least and $100K+ for 5990 if you find it). i don't see this reduction at least so far.
i hope it happens as i would like a 5711 at retail! actually, here is what a dealer told me yesterday (sot sure how it makes sense). he said with a tough economy, specific watch prices will hold up and not the other way so they are not interested in selling at lower prices... |
24 August 2019, 05:59 PM | #206 | |
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24 August 2019, 07:24 PM | #207 | |
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It is not about killing anyone’s dreams it is reality. No one moans about application only pieces, why because they know it won’t happen, dreaming or writing endless post on forums won’t change it either. No offence intended just my opinion guys. |
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24 August 2019, 07:31 PM | #208 |
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if they price 5711 at 60K pounds, what will the they price the 5990 and the 5740!! one above 100K and the other above 200K!!! honestly, i don't know how this will end. the one thing for sure is that Patek is enjoying this. they are able to move the other watches while making everyone dream of a SS nautilus!
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24 August 2019, 07:40 PM | #209 | |
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24 August 2019, 09:55 PM | #210 | |
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ps Application pieces do happen contrary to your thoughts. |
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Tags |
5711 nautilus , 5726 nautilus , authorized dealers , grey market , speculation |
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