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Humble michael · 11 January 2020, 11:50 AM

So how does that work Michael ? On the RM they want you to pay in full? Do they give you a definite delivery date ? Man I would have to think long and hard about forking over 150 grand before I get the piece!

Fat_ninja · 11 January 2020, 11:57 AM

Quote:

Originally Posted by james272

So how does that work Michael ? On the RM they want you to pay in full? Do they give you a definite delivery date ? Man I would have to think long and hard about forking over 150 grand before I get the piece!

James. I’m jonathan... ramen boy is Michael :)
He hasn’t gotten on the boat Yet. I got off long ago

Yes You pay and then wait for most people. No you don’t have an exact date. You get a rough date.

Humble michael · 11 January 2020, 12:56 PM

Wow Jonathan, you would have to really have a serious want for one to do that. Don’t think I could do that :-))

martinr · 11 January 2020, 01:09 PM

Quote:

Originally Posted by james272

So how does that work Michael ? On the RM they want you to pay in full? Do they give you a definite delivery date ? Man I would have to think long and hard about forking over 150 grand before I get the piece!

My friend, a guy that had purchased multiple RM’ s, he was a longtime member here and banned, paid in full, waited for his watch, when it came in they told him if he wanted it he also had to buy a 750K tourbillon so he told them to fuck off and they refunded his money. True story.

jschmidtdmd · 11 January 2020, 01:59 PM

Quote:

Originally Posted by martinr

My friend, a guy that had purchased multiple RM’ s, he was a longtime member here and banned, paid in full, waited for his watch, when it came in they told him if he wanted it he also had to buy a 750K tourbillon so he told them to fuck off and they refunded his money. True story.

Yup- there is no guarantee of delivery even after full payment. Pretty insane

barracuda28 · 11 January 2020, 02:03 PM

Quote:

Originally Posted by ts3

I'd have a hard time providing any deposit as I am not in the business of funding ADs or watch manufacturers...

Question to those who have provided a deposit in the past, say on an RM...

Does the money sit in an escrow account, with the AD, or does the AD pass it on straight to the manufacturer? In other words, who has to go under for the customer to lose the deposit?

When i bought my RM35-02 i was requested 100% deposit.

Sent from my iPhone using Tapatalk

Andrés G · 11 January 2020, 02:17 PM

I would do a 50% deposit on hard to get Pateks but not on that one.

A 100% deposit was required at RM one I inquired about one. I ended buying something else.

martinr · 11 January 2020, 03:13 PM

So in 2014 I wanted a 5711 blue dial. A reputable local AD said they could get me one in about six months. I gave them a 50% deposit and then about a month later gave them the rest of the money. My sales guy said it would probably get the watch sooner. And the reasoning was he could call Henry Stern and say hey I’ve got a guy that’s paid in full, send me the watch. And he was right. Less than a month later I had the watch. But that was then before all this crazy demand. This was a large big city AD that got lots of watches. And they wanted my future business.

PJ S · 11 January 2020, 05:27 PM

Quote:

Originally Posted by martinr

My friend, a guy that had purchased multiple RM’ s, he was a longtime member here and banned, paid in full, waited for his watch, when it came in they told him if he wanted it he also had to buy a 750K tourbillon so he told them to fuck off and they refunded his money. True story.

If that is true, then what they attempted was extortion, and any 1st year lawyer would’ve had a field day with them.

JohnTz · 11 January 2020, 10:10 PM

No way. Especially if it is open ended on the delivery time. I have never been asked and I have purchased many watches that required a long wait and a special allocation.

martinr · 12 January 2020, 02:57 AM

Quote:

Originally Posted by PJ S

If that is true, then what they attempted was extortion, and any 1st year lawyer would’ve had a field day with them.

Doubtful, too many ways for them to weasel out of it. No written agreement, limited quantity, no list of buyers in a specific order etc. Better to get the refund and move on.

goog53 · 12 January 2020, 03:25 AM

As long as you get word that it is refundable then I am
all for putting down a deposit. If you get tired of waiting then pull your money and move on. This also ties up your funds so you dont buy other crap that would not typically be on your radar. It also shows your commitment to the AD as opposed to asking 5 other ADs and going for the first one that calls You. I put down half on a SS Daytona and received mine 8 months later and 40k on a Rainbow Daytona and it came 18 months later. You plan on spending the money anyway so I think you should go for it and let them know you arent some tire kicker.

lovetherolex · 12 January 2020, 05:03 PM

Quote:

Originally Posted by goog53

As long as you get word that it is refundable then I am
all for putting down a deposit. If you get tired of waiting then pull your money and move on. This also ties up your funds so you dont buy other crap that would not typically be on your radar. It also shows your commitment to the AD as opposed to asking 5 other ADs and going for the first one that calls You. I put down half on a SS Daytona and received mine 8 months later and 40k on a Rainbow Daytona and it came 18 months later. You plan on spending the money anyway so I think you should go for it and let them know you arent some tire kicker.

You don’t mean that the rbow deposit got the watch allocated to your AD for you. Your AD already wanted to give it to you and fortunately your AD received one. I’m glad it worked out, but if they wanted to give it to a “better” customer you simply would not have been privy to the delivery, and/or would have eventually received a refund when they couldn’t deliver. I get your train of thought more with the Daytona.

Nice pick ups in any case

goog53 · 12 January 2020, 07:17 PM

Quote:

Originally Posted by lovetherolex

You don’t mean that the rbow deposit got the watch allocated to your AD for you. Your AD already wanted to give it to you and fortunately your AD received one. I’m glad it worked out, but if they wanted to give it to a “better” customer you simply would not have been privy to the delivery, and/or would have eventually received a refund when they couldn’t deliver. I get your train of thought more with the Daytona.
Nice pick ups in any case

The Rainbow was a scenario that I was lucky the AD received the allocation but it shocks me how many people on the forum are opposed to putting any money down. If you show some commitment and have “skin in the game” so to speak I think that builds trust with an AD but just speaking from experience.

Oz33 · 12 January 2020, 07:42 PM

I called a UK AD yesterday to enquire about a 5524g and was told i needed to place a 50% deposit for delivery after April - wasn’t aware that this was now a hard to get piece, especially as i tried the g and r version at another AD over CHristmas.

Wish i bought it then....hindsight is a wonderful thing.

Pim · 12 January 2020, 09:59 PM

Quote:

Originally Posted by Oz33

I called a UK AD yesterday to enquire about a 5524g and was told i needed to place a 50% deposit for delivery after April - wasn’t aware that this was now a hard to get piece, especially as i tried the g and r version at another AD over CHristmas.

Wish i bought it then....hindsight is a wonderful thing.

There are a couple in The Netherlands (so not t far away)
I saw one in Amsterdam at my AD, if you want I can inform for you if it is still there

Oz33 · 12 January 2020, 10:21 PM

Thanks Pim - i think i should be ok as have managed to find another source.

singaporepatek · 13 January 2020, 09:14 AM

Quote:

Originally Posted by Oz33

I called a UK AD yesterday to enquire about a 5524g and was told i needed to place a 50% deposit for delivery after April - wasn’t aware that this was now a hard to get piece, especially as i tried the g and r version at another AD over CHristmas.

Wish i bought it then....hindsight is a wonderful thing.

5524 is a watch selling 13-15k under MSRP on the gray market. Just bc one AD didn’t have it and wanted a deposit doesn’t mean anything. It’s easily available

martinr · 13 January 2020, 10:17 AM

Quote:

Originally Posted by singaporepatek

5524 is a watch selling 13-15k under MSRP on the gray market. Just bc one AD didn’t have it and wanted a deposit doesn’t mean anything. It’s easily available

Really? For a new one? Where?

singaporepatek · 13 January 2020, 10:55 AM

Quote:

Originally Posted by martinr

Really? For a new one? Where?

Chrono24

martinr · 13 January 2020, 11:45 AM

Quote:

Originally Posted by singaporepatek

Chrono24

You need better reading glasses. Just checked and all the G prices except one were around 42-47 and higher for new. R prices even higher.

Fat_ninja · 13 January 2020, 11:52 AM

Quote:

Originally Posted by martinr

You need better reading glasses. Just checked and all the G prices except one were around 42-47 and higher for new. R prices even higher.

Martin I took a quick look... there 101 watches globally. Theres their lowest...

martinr · 13 January 2020, 12:08 PM

I know but out of 101 that’s three and do they actually have the watch for sale? I’m not trying to argue with the guy that said 12-15 less than msrp but realistically speaking can you actually get the watch BNIB for 12-15 less than MSRP? I doubt it.

Fat_ninja · 13 January 2020, 12:53 PM

Quote:

Originally Posted by martinr

I know but out of 101 that’s three and do they actually have the watch for sale? I’m not trying to argue with the guy that said 12-15 less than msrp but realistically speaking can you actually get the watch BNIB for 12-15 less than MSRP? I doubt it.

I have no idea. Haven’t looked at the 5524 in a bit. My buddy has been offered a 5230G for $25k tho. Not bnib but still insnae

martinr · 13 January 2020, 01:02 PM

Quote:

Originally Posted by Fat_ninja

I have no idea. Haven’t looked at the 5524 in a bit. My buddy has been offered a 5230G for $25k tho. Not bnib but still insnae

Yes that’s a low price. But when you think about what you can get for 25K it would be insane to buy it. I’ve looked at them and they feel cheap and not in a good way. If it didn’t say Patek on the dial nobody would be interested.

vandyologist · 13 January 2020, 01:04 PM

Not BNIB but I bought an excellent condition pre-owned 5524g $33k last month. $37-38k for new seems realistic.

Fat_ninja · 13 January 2020, 01:04 PM

Quote:

Originally Posted by martinr

Yes that’s a low price. But when you think about what you can get for 25K it would be insane to buy it. I’ve looked at them and they feel cheap and not in a good way. If it didn’t say Patek on the dial nobody would be interested.

You my friend are 100% right. I prefer the plain 5196r over most of the dress line. The 5320G now that’s a sexy beast but not for 85k

martinr · 13 January 2020, 01:11 PM

5320G is excellent. 85K too much. Sometimes it seems like we have too many choices.

singaporepatek · 13 January 2020, 01:39 PM

Quote:

Originally Posted by martinr

I know but out of 101 that’s three and do they actually have the watch for sale? I’m not trying to argue with the guy that said 12-15 less than msrp but realistically speaking can you actually get the watch BNIB for 12-15 less than MSRP? I doubt it.

Yes. I’ve bought from the HK dealer selling one of them before. They are legit and have the watch for sale and are trustworthy.

singaporepatek · 13 January 2020, 01:40 PM

Quote:

Originally Posted by vandyologist

Not BNIB but I bought an excellent condition pre-owned 5524g $33k last month. $37-38k for new seems realistic.

Where did you get it for 33k?

12 January 2020, 03:25 AM	#42
goog53 "TRF" Member Join Date: Dec 2010 Real Name: Mike G Location: Ohio Watch: Rolex-Patek-AP Posts: 3,057	As long as you get word that it is refundable then I am all for putting down a deposit. If you get tired of waiting then pull your money and move on. This also ties up your funds so you dont buy other crap that would not typically be on your radar. It also shows your commitment to the AD as opposed to asking 5 other ADs and going for the first one that calls You. I put down half on a SS Daytona and received mine 8 months later and 40k on a Rainbow Daytona and it came 18 months later. You plan on spending the money anyway so I think you should go for it and let them know you arent some tire kicker. __________________ The only thing better than the watches are the people behind them. "The best watch in the world is the one that's on your wrist." Morgan King "Do you like having a good time? Then you need a good watch!" Rocky Balboa

11 January 2020, 11:50 AM	#31
Humble michael "TRF" Member Join Date: Oct 2014 Real Name: James Cline Location: san antonio Watch: 5711 white , 5990, Posts: 1,218	So how does that work Michael ? On the RM they want you to pay in full? Do they give you a definite delivery date ? Man I would have to think long and hard about forking over 150 grand before I get the piece!

11 January 2020, 12:56 PM	#33
Humble michael "TRF" Member Join Date: Oct 2014 Real Name: James Cline Location: san antonio Watch: 5711 white , 5990, Posts: 1,218	Wow Jonathan, you would have to really have a serious want for one to do that. Don’t think I could do that :-))

11 January 2020, 02:17 PM	#37
Andrés G "TRF" Member Join Date: Jul 2010 Location: Guatemala Posts: 3,391	I would do a 50% deposit on hard to get Pateks but not on that one. A 100% deposit was required at RM one I inquired about one. I ended buying something else.

11 January 2020, 03:13 PM	#38
martinr "TRF" Member Join Date: Jan 2013 Location: California Posts: 3,099	So in 2014 I wanted a 5711 blue dial. A reputable local AD said they could get me one in about six months. I gave them a 50% deposit and then about a month later gave them the rest of the money. My sales guy said it would probably get the watch sooner. And the reasoning was he could call Henry Stern and say hey I’ve got a guy that’s paid in full, send me the watch. And he was right. Less than a month later I had the watch. But that was then before all this crazy demand. This was a large big city AD that got lots of watches. And they wanted my future business.

11 January 2020, 10:10 PM	#40
JohnTz "TRF" Member Join Date: Mar 2019 Location: Watch Town Posts: 305	No way. Especially if it is open ended on the delivery time. I have never been asked and I have purchased many watches that required a long wait and a special allocation.

12 January 2020, 07:42 PM	#45
Oz33 "TRF" Member Join Date: Jun 2016 Location: UK Posts: 27	I called a UK AD yesterday to enquire about a 5524g and was told i needed to place a 50% deposit for delivery after April - wasn’t aware that this was now a hard to get piece, especially as i tried the g and r version at another AD over CHristmas. Wish i bought it then....hindsight is a wonderful thing.

12 January 2020, 10:21 PM	#47
Oz33 "TRF" Member Join Date: Jun 2016 Location: UK Posts: 27	Thanks Pim - i think i should be ok as have managed to find another source.

13 January 2020, 12:08 PM	#53
martinr "TRF" Member Join Date: Jan 2013 Location: California Posts: 3,099	I know but out of 101 that’s three and do they actually have the watch for sale? I’m not trying to argue with the guy that said 12-15 less than msrp but realistically speaking can you actually get the watch BNIB for 12-15 less than MSRP? I doubt it.

13 January 2020, 01:04 PM	#56
vandyologist 2024 Pledge Member Join Date: Feb 2019 Location: TN Posts: 878	Not BNIB but I bought an excellent condition pre-owned 5524g $33k last month. $37-38k for new seems realistic.

13 January 2020, 01:11 PM	#58
martinr "TRF" Member Join Date: Jan 2013 Location: California Posts: 3,099	5320G is excellent. 85K too much. Sometimes it seems like we have too many choices.

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