These prizes are crazy... 5711/5712

[patrolmi]

Originally Posted by SimpleMan91

100% agree.
Maybe these buyers just think it’s going to keep going up. Like the ones who bought bitcoin at 20k+ ....before it tanked.


Sent from my iPhone using Tapatalk

Careful, BTC is approaching $10k now !! Might be headed to new highs soon.

[Louribal]

Originally Posted by GB-man

If I had a 5711 or 5712 I would undoubtedly sell. I wouldn’t have to think twice. I would postulate you wouldn’t get near those prices but still we all know true market price is crazy high.

If my 5164 gets anywhere close to that I’m selling it and not looking back. I love the watch but not that much. Always something new to buy and let the idiots sort this mess out.

No doubt!

[rollyp]

Originally Posted by patrolmi

Careful, BTC is approaching $10k now !! Might be headed to new highs soon.

Or it's in the 'Return to Normal' part of the chart... right before it implodes, lol.

[Bearxj86]

I rather own BRK-A

[myusernamez]

I issue is not the end user buying this but it's grey buying from grey's in the hope to flip it for more money. Resembles 2008/2009 a lot except it was housing back then .. typical signs of a bubble.

[WatchLurv]

Someone is pumping and dumping BTC. Same couldnt be said about Patek watches since the supply doesnt go from "right hand to left hand" in a very unregulated market.

[Fat_ninja]

Originally Posted by WatchLurv

Someone is pumping and dumping BTC. Same couldnt be said about Patek watches since the supply doesnt go from "right hand to left hand" in a very unregulated market.

Those people would be the people trying to get their money out of Ghina :)

[Aquaman]

Originally Posted by Fat_ninja

Those people would be the people trying to get their money out of Ghina :)

china or ghana?

[Fat_ninja]

Originally Posted by Aquaman

china or ghana?

I live in the US so it’s definitely called ghina.

[Aquaman]

Originally Posted by Fat_ninja

I live in the US so it’s definitely called ghina.

not in the sewers i hope

sorry

[Fat_ninja]

Originally Posted by Aquaman

not in the sewers i hope

sorry

NYC does smell like azz

[JR16]

Originally Posted by Fat_ninja

I live in the US so it’s definitely called ghina.

I thought it was spelled Gina with a soft g and long i


Sent from my iPhone using Tapatalk Pro

[aa909]

Originally Posted by Fat_ninja

NYC does smell like azz

yeah, you can thank the idiot mayor for that

[A971]

Originally Posted by Fat_ninja

Those people would be the people trying to get their money out of Ghina :)

Yes!
Think it’s probably pushing selected watches, and post-war and contemporary art as well.

[A971]

Originally Posted by GB-man

Yeah chrono24 is a horrible indicator for in demand watches.

Agree.

I think the way to look at Chrono24 is like the offer side of a stock baikai...
if you want to pay 100k for a 5711, sure, there is liquidity there. Doesn’t mean it is going to trade there... and as the price moves in that direction, you could also see that liquidity change. And like you mentioned, there is no visibility for the demand/bid side.

Quick story:
I went for a stroll in Ginza yesterday and stopped by two reputable gray dealers. The bid for my white 5711 a good clip below what chrono24 is telling me.

I think at this point, I’d hit a slightly better bid... I just don’t get that level of enjoyment out of it?
Buy what you like and don’t lie to yourself... I should have paid up for a 5712 when the chance was there.
That ship has sailed.

[Fat_ninja]

Originally Posted by A971

Yes!
Think it’s probably pushing selected watches, and post-war and contemporary art as well.

Yup...it’s cause of that $50k limit/crackdown

Easier to wear a watch out

[AK797]

Chrono24 and the big greys' top prices are an indication of where median prices are going to be in a few months and so far that has been the case for a couple of years, only difference is that it is shortening to weeks now so there is an escalation which would point to some sort of topping in a normal market, but the watch market is far from a normal market.

[Aquaman]

Originally Posted by AK797

Chrono24 and the big greys' top prices are an indication of where median prices are going to be in a few months and so far that has been the case for a couple of years, only difference is that it is shortening to weeks now so there is an escalation which would point to some sort of topping in a normal market, but the watch market is far from a normal market.

its like a fair ground ride, and they say HOLD ON TIGHT, SCREAM IF YOU WANNA GO FASTER

[BobDyl]

A data point: this mint 5712 from 2015 just sold on the forum, asking was 59000 Euro / $66K USD so I'm assuming it sold at this or less. Private seller in Cyprus, so no doubt will be less than an unworn example from a major market trusted seller, but also not anywhere near the Chrono24 asking prices.

https://www.rolexforums.com/showthre...highlight=5712

[V25V]

Originally Posted by BobDyl

A data point: this mint 5712 from 2015 just sold on the forum, asking was 59000 Euro / $66K USD so I'm assuming it sold at this or less. Private seller in Cyprus, so no doubt will be less than an unworn example from a major market trusted seller, but also not anywhere near the Chrono24 asking prices.

https://www.rolexforums.com/showthre...highlight=5712

Nice profit for that guy. Will be interesting to see where the market takes these. Not that it matters to me as my 5712 would be the very last one I would ever sell.

[karasus]

Well StockX shows the demand side of things, with clear asking prices: 5711 (ask-bid: 41k USD) and 5711R (ask-bid: 72k USD).

So pretty much 5711 would be a premium but just not the crazy premium currently asked on chrono24. Even if the 2nd hand market corrects, people who bought retail will be fine on reselling as there will be demand at the 40-50k range and 70-80k range for the R.

https://stockx.com/patek-philippe-nautilus-57111r-brown

https://stockx.com/patek-philippe-nautilus-57111a-blue

[bob101]

I kind can understand some discontinued pieces going for a fair bit more as collectors keen to get them but can't really understand why would pay so much for current production pieces. I guess plenty of people who have money and have no inclination to wait. I did hear someone locally sold a 5711 sealed for over 90k USD here.

[GB-man]

DavidSW has a 5711 blue that’s been sitting at 69k for awhile. I have doubts there are buyers at 90k for these.

It took me a month to sell a BNIB 5711 white for 42k just 6-9 months back.

If you believe dealers marking things sold means a damn thing your being fooled me thinks.

[Keldw]

Of course prices will vary depending on geographics, but I know of a 2010 5712 that just sold for $79K and a 2016 5711 that sold for $64K locally here in Denmark. Both within 14 days after being put up for sale.

[bob101]

In my example it was sealed in box which I gather is pretty rare these days as Patek AD normally opens now. One for collectors I guess.

[tng11]

Originally Posted by GB-man

If you believe dealers marking things sold means a damn thing your being fooled me thinks.

Agreed. I don't believe them all the time.

In other news: WF has a 5711/1R for only £94,500 ($120,000 USD).

https://www.watchfinder.co.uk/Patek%...84/item/139841

[Aquaman]

https://www.watchfinder.co.uk/Patek%...utilus/watches

UK prices atm 94500 gbp for a 5711R
And 60k for a 4 year old 5711 a

Can anyone justify spending that, if so can I have what we your on please

Or teach me your ways oh master

[Maltie]

The new Bitcoin 😂😂😂

[Sam Philip]

Originally Posted by Aquaman

https://www.watchfinder.co.uk/Patek%...utilus/watches

UK prices atm 94500 gbp for a 5711R
And 60k for a 4 year old 5711 a

Can anyone justify spending that, if so can I have what we your on please

Or teach me your ways oh master

I have been following their prices. May be a week or two ago they had a 5711R listed for £ 87750, 1 year and 9 months warranty was left on the watch. It was gone after a few days. They also had a 2015 5711A blue listed for around £ 55000 ( I can't recall the exact price) and it was gone in few days too.

Now they have a 5711R with 1 year and 9 months warranty listed for £ 94500 and a 2015 5711A listed for £ 59950.

Is this a co-incidence?

[Aquaman]

Originally Posted by Sam Philip

I have been following their prices. May be a week or two ago they had a 5711R listed for £ 87750, 1 year and 9 months warranty was left on the watch. It was gone after a few days. They also had a 2015 5711A blue listed for around £ 55000 ( I can't recall the exact price) and it was gone in few days too.

Now they have a 5711R with 1 year and 9 months warranty listed for £ 94500 and a 2015 5711A listed for £ 59950.

Is this a co-incidence?

i do think they recycle there watches and push the prices up,

as watch club had a 5711r the other week brand new going for 79 if recall, but dont hold me to that