Tiffany limited edition 5711

[ts3]

Originally Posted by subtona

To my recollection my first purchase was for a $600 silver bracelet in 2001 on March 17th. I later purchased a necklace or two for a total of another $600…

You think I’m close?


I recall stopping in to Tiffany the day the 5740 was released, the list was 70 persons long by time I got there

Maybe I should try too. I lived in Westchester and in Brooklyn for some years and I have been at Tiffany's as well.

As to 5740... Unfortunately, I got on the list only in 2019. AD recently said I am not in their top 5 but top 10 and it will be 5+ years. Not holding my breath.

[subtona]

Originally Posted by ts3

Maybe I should try too. I lived in Westchester and in Brooklyn for some years and I have been at Tiffany's as well.

As to 5740... Unfortunately, I got on the list only in 2019. AD recently said I am not in their top 5 but top 10 and it will be 5+ years. Not holding my breath.

Top 10! You could probably sell that spot for MSRP

[UmichNJ]

Originally Posted by Ichiran

170 may seem like a low number but they are only sold at 3 Tiffany stores in US. It should not be too difficult if one has regular Patek and jewellery purchases at Tiffany US imo. Comparatively, it's impossible for folks outside US with no Tiffany spending.

I’m a little less hopeful now.

[ryeutil]

This watch seems to be very polarizing, whether it's the insane price it commanded on the auction this past week, or the dial/marker colors. I however... really love it. and as Ichiran mentions above...I also like the fact that one could purchase this from Tiffany without having to be on a 5+ waitlist with your local PP dealer. I'd like to know who will be buying this watch to wear however... and not just storing it for an investment piece.

[HMHM]

Originally Posted by Ichiran

170 may seem like a low number but they are only sold at 3 Tiffany stores in US. It should not be too difficult if one has regular Patek and jewellery purchases at Tiffany US imo. Comparatively, it's impossible for folks outside US with no Tiffany spending.

If Patek and Tiffany do follow through on what they said - that the watches will solely be distributed through the 3 Tiffany stores in the US, then it’s quite possible for present customers with purchase history to get one. I do think there will be a lot of string pulling from a lot of customers across the globe to get hold of one. And……. Unless the watches are numbered, I do think Patek may produced more than the 170 announced…. Not by much. Maybe 250. That’s just my prediction.

[UmichNJ]

Originally Posted by HMHM

If Patek and Tiffany do follow through on what they said - that the watches will solely be distributed through the 3 Tiffany stores in the US, then it’s quite possible for present customers with purchase history to get one. I do think there will be a lot of string pulling from a lot of customers across the globe to get hold of one. And……. Unless the watches are numbered, I do think Patek may produced more than the 170 announced…. Not by much. Maybe 250. That’s just my prediction.

I wish that was the case. This will be very tough.


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[Ichiran]

Originally Posted by ts3

Maybe I should try too. I lived in Westchester and in Brooklyn for some years and I have been at Tiffany's as well.

Originally Posted by subtona

Top 10! You could probably sell that spot for MSRP

Originally Posted by UmichNJ

I’m a little less hopeful now.

I hope most of you with some kind of spend there will get this gorgeous 5711. Do post pics (lots of!) when it arrives!

[PPOnlyT-Stamps]

Originally Posted by Ichiran

I hope most of you with some kind of spend there will get this gorgeous 5711. Do post pics (lots of!) when it arrives!

Rumors are:

1) for Patek clients with Tiffany relationship there needs to be a minimum spend of $2M in jewelry purchase to qualify.

2) Jewelry only clients will qualify if their spend is over $5M for jewelry purchases.


Not sure if that is future purchase only or past purchases also qualify.

[J to the Z]

Originally Posted by subtona

To my recollection my first purchase was for a $600 silver bracelet in 2001 on March 17th. I later purchased a necklace or two for a total of another $600…

You think I’m close?


I recall stopping in to Tiffany the day the 5740 was released, the list was 70 persons long by time I got there

I was chatting with my Tiffany SA about the madness/hype around the release last week. Not surprisingly tons of phone calls from clients who’ve never made purchases in decades asking for an allocation. Funniest was someone who called the store and made their last purchase in 1989 according to the CRM!


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[GoingPlaces]

Originally Posted by PPOnlyT-Stamps

Rumors are:

1) for Patek clients with Tiffany relationship there needs to be a minimum spend of $2M in jewelry purchase to qualify.

2) Jewelry only clients will qualify if their spend is over $5M for jewelry purchases.


Not sure if that is future purchase only or past purchases also qualify.

This still won't matter, so many people hit those numbers!

[J to the Z]

Originally Posted by PPOnlyT-Stamps

Rumors are:

1) for Patek clients with Tiffany relationship there needs to be a minimum spend of $2M in jewelry purchase to qualify.

2) Jewelry only clients will qualify if their spend is over $5M for jewelry purchases.


Not sure if that is future purchase only or past purchases also qualify.

When I was chatting with my Tiffany SA (who sells PP), he said management was waiting for the auction result in order to set the bar on qualifying for an allocation. He said one method they may consider would be a “contractual spending agreement”, where if your purchase history wasn’t enough then you could be offered the chance to make a minimum amount of future purchases within a certain time limit.


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[UmichNJ]

Originally Posted by J to the Z

When I was chatting with my Tiffany SA (who sells PP), he said management was waiting for the auction result in order to set the bar on qualifying for an allocation. He said one method they may consider would be a “contractual spending agreement”, where if your purchase history wasn’t enough then you could be offered the chance to make a minimum amount of future purchases within a certain time limit.


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I suspect that this watch is being used to drive incremental future purchases rather than a thank you for business already done (unlike the 5711 green). I do hope that the boutiques are able to carve out at least a few pieces for their loyal customers.

[Nav01L]

Originally Posted by ryeutil

This watch seems to be very polarizing, whether it's the insane price it commanded on the auction this past week, or the dial/marker colors. I however... really love it. and as Ichiran mentions above...I also like the fact that one could purchase this from Tiffany without having to be on a 5+ waitlist with your local PP dealer. I'd like to know who will be buying this watch to wear however... and not just storing it for an investment piece.

Sly… Mark Wahlberg… etc.

[ralpie]

Would never happen- but how cool would it have been to just release these without saying a word and sell them to whomever walks in and is naïve enough to ask "Any Nautilus?" would be really fun like when Banksy sold paintings on the street for $60 and nobody knew it was him (right down the block from Tiffany in NYC by the way).

I upped my ask for my own 5711 on this site to 4.2mm which saves a lucky buyer 2mm over this trendy blue/green tiffany model

[PPOnlyT-Stamps]

Originally Posted by UmichNJ

I suspect that this watch is being used to drive incremental future purchases rather than a thank you for business already done (unlike the 5711 green). I do hope that the boutiques are able to carve out at least a few pieces for their loyal customers.

Imagine if allocations based solely on future sales:

$5M per 169 clients is minimum of $845M in total sales(not including the price of the watch)…some of those clients will spend above that. Looking at incremental gross revenue gain of around $1 Billion just on allocations of 169 watches…. This is probably the ONlY Patek reference that can bring in that much revenue stream from 169 watches!!

[2nastie]

Must be nice to wake up and being handed an extra million or two for doing absolutely nothing.

Suddenly buying some extra diamonds for the mrs. wasn't so bad haha

[911AP]

Not to be a troll....I love the nautilus. But, this dial is so ugly on this watch. This is just how stupid watch trading has become that you throw a Tiffany blue, Tiffany stamped dial, on a nautilus and this happens.

This is like the perfect trifecta of hype all in one watch. It doesn't even make sense but that doesn't even matter. The hype is just so strong all logic goes out the window.

[subtona]

Just realized I haven’t heard a peep about the emerald green 5711 since the Tiffany was announced

[Ubiquitous1984]

Originally Posted by 911AP

Not to be a troll....I love the nautilus. But, this dial is so ugly on this watch. This is just how stupid watch trading has become that you throw a Tiffany blue, Tiffany stamped dial, on a nautilus and this happens.

This is like the perfect trifecta of hype all in one watch. It doesn't even make sense but that doesn't even matter. The hype is just so strong all logic goes out the window.

Tbf for some people (myself included) the alliance of Tiffany and Patek brings their two favourite luxury brands together. Throw in the Nautilus (my favourite sports watch) coupled with the Tiffany blue (my favourite shade of colour) and it's easy to see why so many have fallen in love with the watch. But I get that for others it will be very bland looking and the hype will seem ridiculous!

My lifetime tiffany spend is about £30k, which in my tiny market (north west England) actually gets me some recognition (hand written birthday cards, free gifts etc) but the realisation that to get even close to on the radar for one of the 169 pieces I'd need to spend £5M more is pretty humbling!!

[brandrea]

Originally Posted by subtona

Just realized I haven’t heard a peep about the emerald green 5711 since the Tiffany was announced

It’s become quite the consolation prize

[GreenLantern]

My lifetime Tiffany spend is above $1M, and I do not qualify for this.

I have to believe that the absurd valuation set at a *charity* auction (though everyone seems to ignore that fact) has set the bar extremely high.

[AK797]

Tiffany effect in full bloom, this 5711/1R is now at over half a million quid, and some dealers now have the plain RG at over £200K.

https://www.chrono24.co.uk/patekphil...id21573208.htm

[GreenLantern]

What a joke.

The whole situation is a joke.

And the joke is on us.

[subtona]

Originally Posted by brandrea

It’s become quite the consolation prize

That’s great!

“Sorry we can’t sell you a Tiffany but we can sell you this green one…. I’m telling you people really wanted it “

[dauster]

Originally Posted by GreenLantern

My lifetime Tiffany spend is above $1M, and I do not qualify for this.

I have to believe that the absurd valuation set at a *charity* auction (though everyone seems to ignore that fact) has set the bar extremely high.

they have tiffanys in montana ?:)

seriously, did you buy high jewelry for the wife or how did you get to this insane number ?

[theprince]

Originally Posted by PPOnlyT-Stamps

Rumors are:

1) for Patek clients with Tiffany relationship there needs to be a minimum spend of $2M in jewelry purchase to qualify.

2) Jewelry only clients will qualify if their spend is over $5M for jewelry purchases.


Not sure if that is future purchase only or past purchases also qualify.

SA at Tiffany today said the number is $2M spend in 2022 to get the allocation.

[Moondoggy]

This minimum spend really grinds me up the wrong way, my soul isn’t for sale.

[GB-man]

My guess is they will be tied to future diamond purchases in the 7 figures and then a handlful get allocated to influential celebrities. Alexandre Arnault is fapping himself to sleep enjoying this.

[GreenLantern]

Originally Posted by dauster

they have tiffanys in montana ?:)

seriously, did you buy high jewelry for the wife or how did you get to this insane number ?

I don't spend all my time in Montana. I spend most of my time in the air these days.

The wife. Mostly diamond related stuff. $1M is not insane when you factor in over a decade. In fact, it's actually quite measly since Tiffany diamonds aren't cheap.

[chiscott_29]

Originally Posted by 911AP

Not to be a troll....I love the nautilus. But, this dial is so ugly on this watch. This is just how stupid watch trading has become that you throw a Tiffany blue, Tiffany stamped dial, on a nautilus and this happens.

This is like the perfect trifecta of hype all in one watch. It doesn't even make sense but that doesn't even matter. The hype is just so strong all logic goes out the window.

You’re not a troll…you’re simply stating your opinion. There are a few Nautilus watches I like for sure (5712, 5990). But this one is, hands down, the fugliest watch I’ve ever seen. And what it represents is even more vomit inducing.