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20 May 2020, 12:12 AM | #61 |
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I would slam my hand in my car door before I even considered paying 2x retail for ANYTHING.
Those prices will NOT hold for much longer. I’d wait. End of the year it’s going to be a completely different story. Sent from my iPhone using Tapatalk |
20 May 2020, 03:46 AM | #62 | |
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I'm a big fan of the 5167, but simply couldn't justify paying over $25k--and even then, it would have to be a complete set. Once you hit mid 20s, so many other watches become available. I'd much rather get a 116519 for $26k than a 5167 for $25K. |
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20 May 2020, 09:14 PM | #63 |
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How much WILL a Ferrari 250SWB, be then?
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20 May 2020, 10:42 PM | #64 | |
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20 May 2020, 11:03 PM | #65 |
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Im not in a rush. I am going to wait a few months and watch the market to see if there is a drop in its price or if it stays steady.
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21 May 2020, 12:04 AM | #66 | |
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I can‘t see prices going down a lot. Supply will be massively reduced and the demand, especially for pieces like the 5167a, will not decrease. |
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21 May 2020, 06:35 AM | #67 |
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+1
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21 May 2020, 06:45 AM | #68 |
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They already did a drop a decent amount, so no one really knows. Demand in general for paying over MSRP has certainly decreased
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21 May 2020, 07:10 AM | #69 |
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21 May 2020, 09:30 AM | #70 |
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I recall picking up almost new 5167 from DavidSW for 18k back in early 2018.
Didnt' stick. The watch had very little wrist presence and felt too light. Moved it on 12 month later. While it's a nice watch, it's not worth the premium being asked for it. |
21 May 2020, 11:00 AM | #71 | |
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22 May 2020, 12:51 AM | #72 |
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This is purely personal preference, if you really love this timepiece because of the look and technology, go ahead and get it. But if you want to have it because of the brand recognition, think again.
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22 May 2020, 01:26 AM | #73 |
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I would spend the money to buy time. If it is the watch you really want.
The premium you paying VS the amount of time waiting to get at msrp. But there is a chance that Patek could raise the price every year. One day Msrp of 5167 could be at today premium price. |
22 May 2020, 02:01 AM | #74 | |
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Perhaps a very good questions would be: How many posting here paid over MSRP so have a financial interest in current grey pricing? i paid $17k, and that's about what a 5167 is worth, maybe $20k max. What did you guys pay?
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22 May 2020, 02:09 AM | #75 |
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I don't think the price increases will happen overnight by any means. But, is it feasible that over a typical wait time for these super-hot watches (i.e., 3 to 5 years) that they get closer to their current secondary market value?
I say it's absolutely feasible. Just look at what AP is doing. Their recent price increases certainly outpace inflation and logical increases in labor or materials cost. I of course don't know, but it seems to me part of their pricing strategy is to get a bigger piece of the true market value of their watches. |
22 May 2020, 03:24 AM | #76 | ||
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__________________ “Life should not be a journey to the grave with the intention of arriving safely in a pretty and well preserved body, but rather to skid in broadside in a cloud of smoke, thoroughly used up, totally worn out, and loudly proclaiming 'Wow! What a Ride!'” -- Hunter S. Thompson Sent from my Etch A Sketch using String Theory. |
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22 May 2020, 03:39 AM | #77 |
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I would never pay above AD money. I've owned this watch 3 times, it may not be all that you thought it would be, and trying to resell it at premium prices is very tough.
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22 May 2020, 03:43 AM | #78 | |
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With all due respect, I never said that Patek would raise 2x msrp. Or did I? And I never said to pay the premium 2x msrp either. But if the premium justify the Unlimited waiting time, I would pay the premium. And that is the op’s decision at what premium worth the shot. He said he has found some dealers asking over 30-45% over Msrp. At this price, I would personally consider paying the premium. Well what I was trying to say is Patek can raise 5% 10% 20% over the years gradually. Some years less some years more. It has been happening, hasn’t? Take Patek 5711 for example, In year 2017 price at that time was roughly about 20k more or less. I took the waiting approach and put my name on the waiting list. By the mid of 2018 when things started getting crazy. Price of 5711 started to sky rocket. I told myself I would never pay over the msrp. I was hoping with my name on the list I would stand a chance. Until the beginning of 2019 things got worse. The grey price was crazy. And now my name has been crossed out from the list. And that year Patek raise 5711 up 20%. Should I have bought 5711 around 2018 from the grey? Had I known Patek would increase 5711 20%, I surely would have paid the premium. And who knows what would be the price of 5711 in the next 5 years. It could have gone up 40% over the 5 years. Best regard, |
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22 May 2020, 04:02 AM | #79 | |
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Now the only Pateks I own are the 5124J which is pretty much perfect in my opinion and the 5116G which is also close to perfection, both for less than the current price of the 5167 and these are precious metal! No regrets |
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22 May 2020, 09:04 PM | #80 |
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Thanks for posting and agree. After decades of being a mechanical timepiece enthusiast I do not see the value of the 5167 at anything over $17k personally as there are so many great timepieces now available since the 5167 was first released long ago. As I look at the landscape of what's out there today in 2020 at that price level, it is painfully obvious the 5167 pales by comparison in quality, timely service, warranty length, etc imho.
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22 May 2020, 09:11 PM | #81 |
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I would just get on as many lists as you can and forget about it until you get the call.
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22 May 2020, 10:21 PM | #82 |
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I paid a slight premium for mine at the time and don’t regret it at all it’s an excellent piece. I wouldn’t however pay a premium for the Royal Oak or the prices they are going for these days, that’s just my opinion. With the aquanaut prices on the used market even with the premium you’re likely still come out on top or small loss in time if you did choose to sell.
If you really want it I don’t see a problem paying 20-30% more if it’s a keeper. Try find somewhere you can try it on and be comfortable it’s the one before you pull the trigger. |
23 May 2020, 12:34 AM | #83 | |
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Al bought something from bob and paid him with a bag of cash, bob didn’t bother checking the bag to see what was inside, bob used that bag to buy something else from Jeff, now Jeff didn’t either check the bag, so and so forth the bag went from person to person until one day, someone decided to check the bag to make sure that there was something inside, and Lo and behold it was empty. The point of this story is no one minds taking the empty bag as long as they can pass it on to the next person, The same with over paying for watches above msrp, in exchange for your money you are taking an empty bag (proof is that even patek didn’t think it was worth more when they decided on a msrp) That bag/watch can be passed from person to person until someone checks the bag. With the watches one day someone will open all these bags, the point is not to be the last one holding the bag |
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23 May 2020, 12:37 AM | #84 |
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I’m trying to think of a car that you wouldn’t mind slamming your Hand on, it would be interesting too know what you drive
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23 May 2020, 03:09 AM | #85 |
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Just some food for thought...As I mentioned I sold my 5167 and got the Breguet 5817 - had it for a year now and still love it and will hopefully never have to be sold.
Here is why I prefer the Breguet and why I honestly do not consider it a downgrade to the Aquanaut overall: - Solid gold hand guilloche dial - Date background matches dial and is a big date - Adjustable rubber strap - Wave/Marine shaped details throughout, for example on crown guards, and strap holders - luminous details are white - Nautilus guilloche winding rotor with nicely decorated movement - 65 hours power reserve - Extra details such as coin edge casing and stepped bezel Anyone in the market for a 5167 should at least look at this timepiece especially as it is easily available and a bargain on the secondary market. Ps I own 2 Patek dress watches as well and also enjoy them so nothing against Patek. Sent from my iPhone using Tapatalk |
23 May 2020, 04:33 AM | #86 |
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Nice story, and yeah a modern PP is, well, today's PP. Sorry and all, just not that impressed and getting less-so the longer i collect. Hopefully they update those old movements soon, as competition is getting ahead of Patek. Some vintage PP models are quite nice, if a bit small by today''s standards though nice to have the movement fill the case.
ansharma, very nice Breguet! Interesting how no one wants to admit what they paid for their 5167 on this thread other than a few of us who got 'em a while back. What did you pay for yours YYR?
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23 May 2020, 04:44 AM | #87 | |
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23 May 2020, 05:21 AM | #88 |
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ALS makes some wonderful timepieces, congrats!
Let us hope those 2021 releases restore PP back to their once higher position they enjoyed decades ago. The interesting thing is a decade or so ago I was like many here thinking there's Patek... and then others. Experience, combined with modern times, woke me to many great brands like ALS (and FPJ, etc). Even Panerai is doing some tweak stuff with case materials and 8 year warranty, Omega smartly snatched up the co-ax movement... and I remember the first Freak timepiece. So much innovation going on the past decade, and longer warranties with good service times to match. Today's Pateks seems so dated and slow by comparison imho. The industry has been glorious to watch during the past few decades.
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__________________ “Life should not be a journey to the grave with the intention of arriving safely in a pretty and well preserved body, but rather to skid in broadside in a cloud of smoke, thoroughly used up, totally worn out, and loudly proclaiming 'Wow! What a Ride!'” -- Hunter S. Thompson Sent from my Etch A Sketch using String Theory. |
23 May 2020, 08:02 AM | #89 | |
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Love the rotor on this one Ansharma. And also wanting that Lange 1 Moonphase for quite some time now. |
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23 May 2020, 10:35 AM | #90 | |
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Excellent. Not in the market for the 5167, but you’ve made that Breguet look very appealing LOL
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