Govberg asking US$37.5k for LNIB Blue 5711. What is going on?!

[liu_watch]

People are willing to pay $27k for a simple, (in my view) mediocre looking, steel watch, what's another $10k? Craziness is all relative :-)



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[dmash]

Originally Posted by PJ S

Sorry, but this is absolute nonsense.
Patek has many other models that are sought after, a number of which are application ones, so there’s no likelihood of PP going down the same path as AP.
Moreover, how many extra Nautiluses (in steel) do you reckon it’d take to satiate demand?
My gut instinct tells me it’s unlikely to be any more than 300, but let’s be generous and say it’s 500.

This is what I think a lot of people are forgetting. It's easy to get consumed on boards which cater to WIS, but in real life, this watch is relatively unheard of. The desire for this watch is in no way even close ot that of say a steel Daytona, however PP's production numbers are way lower than Rolex so the demand is still there. I still think that (as long as the Nautilus continues production) the waiting lists will clear in the coming 4-5 years. It's just simple math, there isn't some steady desire for these that has always been a problem, this came out of NOWHERE due to the internet popularity and it's hyped to the extreme right now. As I've stated previously, I find it funny that a mere 5 years ago you could walk in numerous PP stores across the globe and easily find a blue Nautilus.

My opinion-this is hype, it will not last, just like everything that trends nowadays. I think you'd be somewhat of a schmuck to pay $10k+ premium on a watch at its peak that will inevitably come back down to MSRP. Not to mention, approx $40k for a basic, stainless, three handed sport watch is mind boggling to me ($40k is a completely different realm of watches in my mind, all being PM). However, if you've got that many zeroes in your bank account, more power to you.

[RussW]

Originally Posted by enjoythemusic

Am getting there, but think if i ever revisit Patek will go smartly into the more hand/art items. Have always been open to buying an enamel desk clock, yet so far havent found the design/theme for sale. Music theme, or perhaps planetary / celestial...

Have my vintage Patek Calatrava grail still here for tux events.

So, anyone have a Patek enamel hand decorated desk clock for sale? It'll make Russ happy too

A handcraft item would be beautiful, not something we see often on here

[RussW]

Originally Posted by martinr

It's been mentioned before, is the crazy demand for the Nautilus due to its being hard to get or is it really great and people just can't get enough of the Genta 70's design that looks like an old TV set?

It's a nice watch, but I think demand is fuelling demand.

I think there is also another reason. Before the 40th anniversary the 5711 wasn't that hard to get, although there was a small wait. Some people held off buying in case the 5711 was updated. When that didn't, there was pent up demand that led to an increase in people wanting to buy it.

[yoast]

Originally Posted by GB-man

That would be miserable if they kept the same old 324 in there

I am 99% sure they would...

[GB-man]

Originally Posted by RussW

It's a nice watch, but I think demand is fuelling demand.



I think there is also another reason. Before the 40th anniversary the 5711 wasn't that hard to get, although there was a small wait. Some people held off buying in case the 5711 was updated. When that didn't, there was pent up demand that led to an increase in people wanting to buy it.

That's a good point. I sold mine thinking I would prefer the updated version for sure. Silly me assuming the decade old watch in need of some updates was getting replaced lol

[RussW]

Duplicate

[RussW]

Originally Posted by GB-man

That's a good point. I sold mine thinking I would prefer the updated version for sure. Silly me assuming the decade old watch in need of some updates was getting replaced lol

You mean the updated version that includes all the minute markers

[GB-man]

Originally Posted by RussW

You mean the updated version that includes all the minute markers

rofl:

Yes that one Russ.

A shame they didn't make some crazy error like leaving off the entire PP logo. Might have been a collectible!

[Defiancekofb]

Originally Posted by GB-man

rofl:

Yes that one Russ.

A shame they didn't make some crazy error like leaving off the entire PP logo. Might have been a collectible!

Or maybe you just get a casio in a patek service box.

[N007gl]

I have dealt with Govberg many times and always found their pricing to be competitive and service excellent. I think this is simple supply/demand and finding a new 5711 is very difficult. I'm not necessarily saying that I would pay that much for that watch but I do believe that is what the market value is right now and there are buyers out there at this price

[HorologyK]

Originally Posted by N007gl

I have dealt with Govberg many times and always found their pricing to be competitive and service excellent. I think this is simple supply/demand and finding a new 5711 is very difficult. I'm not necessarily saying that I would pay that much for that watch but I do believe that is what the market value is right now and there are buyers out there at this price

Welcome.


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[KarlS]

I was at a well known U.K. Dealer today who offered £26000 for a blue 5711 and grey gave buyers at just over £29500.00 which is $38350. They also mentioned they have sold 2 of the 40th Anniversary 5711P for £127000 each which is $165000

[walds11]

No matter how we slice it, it's a stunning watch. Check out Govberg's new vid on the timepiece...

https://youtu.be/qRV0xc_RVv4

[GB-man]

Originally Posted by walds11

No matter how we slice it, it's a stunning watch. Check out Govberg's new vid on the timepiece...

https://youtu.be/qRV0xc_RVv4

That guy tim can describe a watch in detail like nobody else on the planet lol

Imagine if he was the announcer at a strip joint. It would be a riot.

[walds11]

Originally Posted by GB-man

That guy tim can describe a watch in detail like nobody else on the planet lol

Imagine if he was the announcer at a strip joint. It would be a riot.

Agreed. Tim is a savage when it comes to describing a watch and anything watch related for that matter.

[ap1]

Originally Posted by HorologyK

Welcome.


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[codecow]

And now...

On the main stage for your viewing pleasure put your hands together for this Patek Philippe 5711.

[Foxman2k]

Originally Posted by walds11

Agreed. Tim is a savage when it comes to describing a watch and anything watch related for that matter.

Agreed

[wisguy]

It's crazy, even the white dial is commanding a premium nowadays...

Must be the 40th anniversary craze, and to think that a few years ago I passed on one at at an AD with a small discount!

[Foxman2k]

How is the 5712 faring in this storm of pricing?

[Sam Philip]

Originally Posted by Foxman2k

How is the 5712 faring in this storm of pricing?

5712A is also commanding a premium but the premium is not as high as 5711A. For example one grey dealer was charging £ 29950 for 5711A blue dial (MSRP £18030) with box and papers (2017) and the same dealer was charging £31750 for 5712A (MSRP £24120) with box and papers (2017)

[tiberiustime]

Are you guys seeing a spike in interest for earlier incarnations of the nautilus? I have a yellow gold 3800/1 hanging around that I find myself wearing very little for fear of scratching a model from a family in vogue.

[tiberiustime]

Originally Posted by N007gl

I have dealt with Govberg many times and always found their pricing to be competitive and service excellent. I think this is simple supply/demand and finding a new 5711 is very difficult. I'm not necessarily saying that I would pay that much for that watch but I do believe that is what the market value is right now and there are buyers out there at this price

Beautiful first post!

[texasmade]

Originally Posted by Foxman2k

How is the 5712 faring in this storm of pricing?

Look at Takuya who has a white 5711 and a 5712 on his site. The 5711 is going for $4k plus premium so imagine the premium for a blue while the 5712 is only around $2k plus premium. If I had the $ I'd buy his 5712 right now since the cost would essentially be msrp plus tax for me.

[GB-man]

Originally Posted by tiberiustime

Are you guys seeing a spike in interest for earlier incarnations of the nautilus? I have a yellow gold 3800/1 hanging around that I find myself wearing very little for fear of scratching a model from a family in vogue.

One would assume the tide raises all boats. Sounds cool have any pictures of it?

[AK797]

The 5711 white dial, formerly the ginger-haired stepson, is selling at a premium, the blue at a huge premium, SS Rolexes can hardly be found in many countries and looks like it is now spreading even to Asia... keep your eyes peeled, people, for the fourth horseman...

[HorologyK]

David SW has one for 34.5 if interested. Plus shipping.

[AshAP]

Originally Posted by AK797

The 5711 white dial, formerly the ginger-haired stepson, is selling at a premium, the blue at a huge premium, SS Rolexes can hardly be found in many countries and looks like it is now spreading even to Asia... keep your eyes peeled, people, for the fourth horseman...

I don't believe the Rolex story is correct because my squash buddy wanted a SS sub with date and he wanted it in time for his wedding later this month. I got an assurance from my AD friend (non Rolex) that he could get one within 6 weeks however this wasn't good enough for my pal who then telephoned the Official Rolex AD in Leeds. He gave them the chat about the wedding etc which seemed to impress them and they managed to pull one out of the back room which he's now wearing for squash.

It seems that if you need a SS Rolex for a wedding then the waiting list might not be an issue.


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[Foxman2k]

Originally Posted by HorologyK

David SW has one for 34.5 if interested. Plus shipping.

Wow. $10k over retail.