Aquanaut 5167A prices (UK)

[Hendrikus]

Here in the UK, the likes of Chrono24 now have the 5167A at over £20,000 on average - from a retail price of £14,500.

In terms of percentage premium for a new watch, it’s still not quite at Daytona SS levels? Which bubble do we think will burst first?

[ansharma]

I have noticed this too with the 5167, prices are just going up and up. There also appears to be people willing to pay these prices based on some sales with the grey market.

Think this is largely due to lack of availability at retail for the steel 5711 and the next one the punters look at is the 5167 which appears more obtainable. This drive in demand and relatively low supply is pushing up prices and I wont be surprised if this continues for a while.

I think the Daytona bubble will burst first as there are more of those around than the 5167 and I think supply will increase which I doubt with the Patek.


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[tyler1980]

IMO since patek has already increased prices massively on the 5711 and 5712 there is support behind the secondary price increases. Either a price increase is coming to the aquanaut or the premium is justified in comparison to the others. Either way the price is pretty solid and a pullback isnt coming.

[Rwatcher]

My AD is quoting now 4 years for a 5167a. The list is closed and no deposits being taken.

Only names of interest going forward.

[AK797]

5167 was at 20K last year so price is pretty settled now, moving up more on the 64 which had not moved until late last year.

[Rwatcher]

Originally Posted by AK797

5167 was at 20K last year so price is pretty settled now, moving up more on the 64 which had not moved until late last year.

Agreed,

Suddenly in the last 1-2 months price on Chronext has jumped from 29k to 35k

[jon_jon]

Perhaps it is time to sell my 5167A and 5164A to a UK reseller

[Sam Philip]

I think a price increase for 5167A and 5164A is on the cards. There is nearly £8500 price difference between 5164A and 5968A, £19000 price difference between 5167A and 5968A so they may try to reduce the price difference.

[AK797]

Originally Posted by jon_jon

Perhaps it is time to sell my 5167A and 5164A to a UK reseller

Always a good time for you guys to sell to a UK seller.

[AK797]

Originally Posted by Rwatcher

Agreed,

Suddenly in the last 1-2 months price on Chronext has jumped from 29k to 35k

Wowza, £35K you are right! That's near 10K in 7 months. Hardly ever see one on WF now so these must be scarce, hence the prices.

Price rise on these 2 does indeed look to be on the cards now.

[haberdashery]

Originally Posted by AK797

Wowza, £35K you are right! That's near 10K in 7 months. Hardly ever see one on WF now so these must be scarce, hence the prices.

Price rise on these 2 does indeed look to be on the cards now.

WF had a 5164A on site yesterday afternoon - less than a year old and less than a grand over retail, with all the boxes/papers etc.

I went for a stroll to mull it over, but it was sold by the time I got back. Judging by what other grays are pricing them at on Chrono24, they dropped the ball on this one and massively underpriced it.

[AK797]

Originally Posted by haberdashery

WF had a 5164A on site yesterday afternoon - less than a year old and less than a grand over retail, with all the boxes/papers etc.

I went for a stroll to mull it over, but it was sold by the time I got back. Judging by what other grays are pricing them at on Chrono24, they dropped the ball on this one and massively underpriced it.

Indeed, probably bought by Chronext or Watchclub's algo bots! We'll see that turned out for 10K more next week.

[tonupbklyn]

the R model becomes more and more appealing as the SS model continues to rise on the secondary market.

[SL BRABUS]

The price in UK is insane £ 23,500.00 equal to $31,157.00.....

[tng11]

Originally Posted by AK797

Indeed, probably bought by Chronext or Watchclub's algo bots! We'll see that turned out for 10K more next week.

Speaking of crazy prices, I just saw WF post a 5990/1A for 52,500 GBP.

[tyler1980]

Originally Posted by tng11

Speaking of crazy prices, I just saw WF post a 5990/1A for 52,500 GBP.

DavidSW had one a couple months ago at about that... its gone so it sold.

[tng11]

Originally Posted by tyler1980

DavidSW had one a couple months ago at about that... its gone so it sold.

Yeah, actually come to think of it, I saw DSW post it for $68,500 USD, albeit it was unworn. It sold pretty quickly too from what I recall. The prices on these rocketed virtually overnight from what I can tell.

[Sam Philip]

Originally Posted by tng11

Yeah, actually come to think of it, I saw DSW post it for $68,500 USD, albeit it was unworn. It sold pretty quickly too from what I recall. The prices on these rocketed virtually overnight from what I can tell.

Grey dealers always charged a premium for the 5990 whether it was used or BNIB. £52500 was the highest I have seen for the 5990 and I'm not surprised when they are charging around £ 40000 for the 5711 blue.

[AK797]

I was chatting with some WF boys today and telling them how they were responsible for my watch portfolio rising so much and they held their hands up, and agreed now with Richemont on board things are only going one way.

[tyler1980]

Originally Posted by AK797

I was chatting with some WF boys today and telling them how they were responsible for my watch portfolio rising so much and they held their hands up, and agreed now with Richemont on board things are only going one way.

down? Since their resale sucks

Im sorry but if they cant manage the residual value of ALS IMO that is management failure and not any reflection on the brand. You would think a monkey could run the show and at least do that good of a job. I know they are in the "new" watch business primarily but poor secondary showings is a reason people don't buy new so they do need to manage that as well.

[AK797]

Originally Posted by tyler1980

down? Since their resale sucks

Im sorry but if they cant manage the residual value of ALS IMO that is management failure and not any reflection on the brand. You would think a monkey could run the show and at least do that good of a job. I know they are in the "new" watch business primarily but poor secondary showings is a reason people don't buy new so they do need to manage that as well.

The WG 1815 Chrono is holding value and so is the new RG, which are being released very slowly, so they are learning. The other watches were earlier and dressy and therefore are just like the Patek dress watches which are a wash as well. The BP Mil-spec is also selling for above retail and is another example of this new learning of how to distribute.

I don't think Richemont can mess this up and have gone into this market as a way of tapping into the consolidation of demand down into just a few brands and a few models, and that signals their opinion that this new market is not going away any time soon... unlike a few of the brands on their books.

[tng11]

Originally Posted by Sam Philip

Grey dealers always charged a premium for the 5990 whether it was used or BNIB. £52500 was the highest I have seen for the 5990 and I'm not surprised when they are charging around £ 40000 for the 5711 blue.

Interesting. In the US they were pretty much trading at MSRP plus a grand or two (basically sales tax) even as late as February this year, and I saw some below MSRP late 2017.

When I compare that price to the VAT excluded price...

[tng11]

Originally Posted by AK797

The WG 1815 Chrono is holding value and so is the new RG, which are being released very slowly, so they are learning. The other watches were earlier and dressy and therefore are just like the Patek dress watches which are a wash as well. The BP Mil-spec is also selling for above retail and is another example of this new learning of how to distribute.

I don't think Richemont can mess this up and have gone into this market as a way of tapping into the consolidation of demand down into just a few brands and a few models, and that signals their opinion that this new market is not going away any time soon... unlike a few of the brands on their books.

I'm not so sure the new 1815 Chronograph is actually holding its value all that well. Greys in the US have been selling mint or LNIB around 40K USD, and recently there was even a private sale that dipped to 36K. US retail is $50,300 if I'm not mistaken.

What I can see Richemont doing is manipulating used prices higher for certain brands, but if it doesn't sell, it doesn't sell. They can't control the secondary market in other countries.

[tyler1980]

Originally Posted by tng11

I'm not so sure the new 1815 Chronograph is actually holding its value all that well. Greys in the US have been selling mint or LNIB around 40K USD, and recently there was even a private sale that dipped to 36K. US retail is $50,300 if I'm not mistaken.

What I can see Richemont doing is manipulating used prices higher for certain brands, but if it doesn't sell, it doesn't sell. They can't control the secondary market in other countries.

didn't ALS just raise prices too? So whatever the BNIB price is the retail is somewhere around 10%? higher now than two months ago

[tng11]

Originally Posted by tyler1980

didn't ALS just raise prices too? So whatever the BNIB price is the retail is somewhere around 10%? higher now than two months ago

The increase was not the same across all models - I think it was a few percent for most models.

The increase to me was a bit of a head scratcher considering they were already slow sellers, and value retention is still just as disappointing as it was before.

[tyler1980]

Originally Posted by tng11

The increase was not the same across all models - I think it was a few percent for most models.

The increase to me was a bit of a head scratcher considering they were already slow sellers, and value retention is still just as disappointing as it was before.

yeah... cutting dealer margins to reduce discounting has a better effect. The manufacture makes more money per AD sale, and the AD is dissuaded from discounting and value retention is higher. IMO it makes zero sense to raise prices on watches that are heavily discounted to begin with.

[AK797]

Originally Posted by tng11

I'm not so sure the new 1815 Chronograph is actually holding its value all that well. Greys in the US have been selling mint or LNIB around 40K USD, and recently there was even a private sale that dipped to 36K. US retail is $50,300 if I'm not mistaken.

What I can see Richemont doing is manipulating used prices higher for certain brands, but if it doesn't sell, it doesn't sell. They can't control the secondary market in other countries.

Just looking on chrono24 where there are very few models, a few in the US are in the mid to high 40s. Only one in UK from a decent source and seems about the same. But old perceptions die hard and there may not be many buyers, esp when more reliable PPs and APs are available.

[SL BRABUS]

Originally Posted by SL BRABUS

The price in UK is insane £ 23,500.00 equal to $31,157.00.....

Update.... WOW...!!! SOLD within 24 hours.....