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Old 7 December 2021, 09:37 PM   #151
cascavel
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Well, pricing is going to be fake and made up anyway.

Here's what'll happen:

1) Some enterprising grey market dealers will post up some listings on Chrono24 to put out some feelers at very high prices (maybe it'll start at $900k).

2) The aforementioned auction will happen, the bidders will think the market price is around where the handful of greys in step #1 above set the floor at. The auction will complete at or above that valuation.

3) Everyone will say "Well, the auction matched up a buyer to a seller, so clearly that's how free/open/efficient markets work, and thus this is the price! Whatever someone is willing to pay is the price!"

4) People from step #3 will die on their sword swearing that this is how it works, failing to realize that this isn't an efficient liquid market, so it's irrelevant.

5) Everyone else, including the very reputable grey dealers who don't participate in step #1 will latch onto that pricing.

And voi la! This is how you artificially inflate valuations and continue to perpetuate the horrible state we're in (i.e., "watches are investments").

Since everyone here already agrees that the T-Blue 5711/1a will be a $1 million + watch in the grey market, can't we skip steps 1-4? Think of the anguish this will save.
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Old 7 December 2021, 09:44 PM   #152
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And furthermore, is anyone else perturbed that CNBC refers to the future owners to the T-Blue 5711 as "lucky buyers"? How much luck is involved?
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Old 7 December 2021, 10:02 PM   #153
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Almost entirely all luck? Whoever getting allocated a watch is basically being given a million dollars
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Old 7 December 2021, 10:28 PM   #154
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Patek Phillipe: We do not want to be a one watch brand, so we are going to discontinue the 5711.

Also Patek Phillipe: Lets make a green dial, a green dial with diamonds, AND a Tiffany blue 5711 to make the watch even more talked about and dominant in our line up...
Kid Stern is trolling, and doing a great job too! i'd be LOL'ing all the way to the banksters. So if you see someone wearing a 5711 TIF, be sure to LOL @ them.
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Old 7 December 2021, 10:44 PM   #155
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That is a beautiful watch. The turquoise really pops.
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Old 7 December 2021, 11:14 PM   #156
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So much negativity in this thread – but I suppose that’s to be expected when Patek does anything remotely controversial. At the end of the day, it’s 170 pieces for highly valued Tiffany clients, which means it won’t exactly be prevalent; I think it’s pointless to let it dampen our enjoyment of our Pateks. Remember the Black Panther release from AP? AP easily brushed aside the backlash stemming from that release, as will Patek from this one. If anything, it’ll make Patek even more desirable.
I agree with you entirely. The only thing that’s a question mark for me is the tension between this move and the public posture Patek has previously taken, including on the AP Black Panther: https://www.afr.com/life-and-luxury/...0210416-p57jw1


“I saw the watch,” says Stern. “I was a little bit sad for them because it shows that maybe they don’t have any more ideas. And they should have plenty of beautiful ideas.

That quote can be applied perfectly to this LVMH release, IMHO. No need for negativity, though, one way or the other.
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Old 7 December 2021, 11:17 PM   #157
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And furthermore, is anyone else perturbed that CNBC refers to the future owners to the T-Blue 5711 as "lucky buyers"? How much luck is involved?
A lot! Need to be either in lucky sperm club or born in right decade to have made (and spent) enough money to be in the running!
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Old 7 December 2021, 11:18 PM   #158
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And furthermore, is anyone else perturbed that CNBC refers to the future owners to the T-Blue 5711 as "lucky buyers"? How much luck is involved?
Me.

I'm usually perturbed when "mainstream media" tries to sound like they know what they're talking about.
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Old 8 December 2021, 02:47 AM   #159
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Bob Maron got one. lol.
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Old 8 December 2021, 03:17 AM   #160
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Bob Maron got one. lol.
Greys already have it!
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Old 8 December 2021, 03:32 AM   #161
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Patek Phillipe: We do not want to be a one watch brand, so we are going to discontinue the 5711.

Also Patek Phillipe: Lets make a green dial, a green dial with diamonds, AND a Tiffany blue 5711 to make the watch even more talked about and dominant in our line up...
mr stern always said that they will release multiple farewell releases for 5711 (or at least kept it open for speculation) and that it will be replaced by a successor. what's wrong with that?

They also release enamel dome clocks and a variety of beautiful other rare handcrafts that are beautiful but nobody here cares. No other company does that.

I just can't get upset about it and kinda like it. especially since it celebrates a 170 year partnership.
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Old 8 December 2021, 04:29 AM   #162
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Bob Maron got one. lol.
That was a screen shot off someones else's IG story...

He will get one however no doubt lol
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Old 8 December 2021, 04:39 AM   #163
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mr stern always said that they will release multiple farewell releases for 5711 (or at least kept it open for speculation) and that it will be replaced by a successor. what's wrong with that?
Do you know if / when the Supreme version will be released?
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Old 8 December 2021, 04:59 AM   #164
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Let's be honest. You don't really like that color on a watch. Looks like Tiffany gift wrap on your wrist. Might as well have a massive white ribbon for your strap. Our course interesting because limited but uggh.
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Old 8 December 2021, 05:12 AM   #165
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Do you know if / when the Supreme version will be released?
Not even funny hahah
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Old 8 December 2021, 05:13 AM   #166
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Do you know if / when the Supreme version will be released?
lol you been hating on patek for so long - do you even like the brand at all ???
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Old 8 December 2021, 05:20 AM   #167
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lol you been hating on patek for so long - do you even like the brand at all ???
Sales 101, the most passionate haters are the most passionate lovers.
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Old 8 December 2021, 06:03 AM   #168
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Sales 101, the most passionate haters are the most passionate lovers.
Yup, I was a lover when Dad Stern did so many wonderful things.
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Old 8 December 2021, 06:15 AM   #169
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Seriously that is a really crap colour for the 5711. Yuk
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Old 8 December 2021, 06:21 AM   #170
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You guys remember the Smurf blue M3? That was cool.

This is not cool as it’s a stupid branding exercise and a total lack of innovation which is mainly what this company is about now.

I suppose we should be grateful they didn’t do these with a LV Daumier dial.
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Old 8 December 2021, 07:02 AM   #171
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Do you know if / when the Supreme version will be released?
Now, that would be cool! Limited edition, maybe 51, only distributed to those who were awarded a green dial 5711 AND a Tiffany dial 5711. The MOST worthy amongst the worthy.
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Old 8 December 2021, 07:09 AM   #172
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PP effortlessly releases yet another of the most collectible, desirable watches in the world.

Genius
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Old 8 December 2021, 07:58 AM   #173
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I like it, and not sure why the anger to be honest, for such a small run.

Oh, and Thierry did not say the green 5711 would be the end. He hinted quite the opposite in fact in a Hodinkee interview:

Hodinkee: Why the last victory lap for the 5711 with a green dial?

Thierry Stern: Well, for me, it was more of a way to say thank you to all of you who have been supporting us with the Nautilus. It was my duty to do it. I wanted to do something nice. But it’s not the end of the Nautilus, it’s just the end of the 5711.

I didn’t say it was the last round, by the way.

There is another bomb coming out...maybe.


Believe me, you will remember the maybe.
Exactly what I was thinking, this sounds exactly like the last bombshell he was talking about back then.

I am surprised at how many on here think the lucky buyers will look to cash or flip these in. Somehow I feel if you can afford to spend $50m - 100m+ on junk at Tiffany, then your not getting excited at making $2m profit on a 5711 (it’s is not gonna swell your bank balance much).

Personally I think it’s a keeper for these guys, but I suppose if they have to keep the Macallan 78 Red for special occasions or can only afford $450k for a cheap seat Virgin Galactic they may need the money.
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Old 8 December 2021, 08:03 AM   #174
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Personally I think itís a keeper for these guys, but I suppose if they have to keep the Macallan 78 Red for special occasions or can only afford $450k for a cheap seat Virgin Galactic they may need the money.
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Old 8 December 2021, 08:20 AM   #175
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That was a screen shot off someones else's IG story...

He will get one however no doubt lol

Yup took the screen shot off Alexander Arnaultís IG page




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Old 8 December 2021, 09:17 AM   #176
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I agree with you entirely. The only thing thatís a question mark for me is the tension between this move and the public posture Patek has previously taken, including on the AP Black Panther: https://www.afr.com/life-and-luxury/...0210416-p57jw1


ďI saw the watch,Ē says Stern. ďI was a little bit sad for them because it shows that maybe they donít have any more ideas. And they should have plenty of beautiful ideas.

That quote can be applied perfectly to this LVMH release, IMHO. No need for negativity, though, one way or the other.

Again, I don't think for a second you can compare that 5711 to the AP Marvel move. The AP move imho is ridiculous and it's a strategic one, with a multi-year partnership, several watches coming out of it and god only knows how many more horrors.

This PP is a limited edition made for a 170 years of collaboration with their more exclusive AD at the time Tiffany changes hands to LVMH (which is a corporate also close to Stern) while at the same time PP discontinues what is certainly its most iconic watch.

The fact that people don't like it is perfectly fine. But I am at a loss understanding why anyone would compare that to the still unexplainable move of AP starting to make cereal box watches with a comics franchise on a long-term strategic partnership.
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Old 8 December 2021, 01:18 PM   #177
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The ironic thing to me is that the detractors couldnít get one of the 170 anyway - so the comments are rhetorical at best.

When DavidSW snatches one and asks upward of $5milÖ.well then we shall see.

The auction should be interesting - it is the only way a non-VVVVVIP can get one. Since the top .0000000000001% will get theirs at Tiffany, the 99.999999999999% must bid.


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Old 8 December 2021, 01:50 PM   #178
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It’s a freaking different color dial. Big deal.
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Old 8 December 2021, 02:04 PM   #179
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Itís just a watch.
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Old 8 December 2021, 02:45 PM   #180
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