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SimpleMan91 · 16 April 2018, 05:15 PM

Hey guys!

I’ve been thinking about acquiring a 5170P for some time.. My AD and other AD’s I’ve spoken to said it is a hard piece to get. On the other hand, I’ve spoken to grey dealers (that I trust) and they said they can get me one sealed same day for $55-60K. I’m not too familiar with the none sport models of Patek but This is a 98K retail watch.. Now I’m a bit confused, is something wrong with the 5170P?
Don’t get me wrong, I don’t buy pieces for investments; but I also don’t want to lose my pants off if I ever want to trade it in. 98K —-> $55-60K is a HUGE discount..

watch-guy.com · 16 April 2018, 05:59 PM

at 55k buy a dozen!!

onmyhand · 16 April 2018, 06:14 PM

I think very likely they have quoted you wrongly. Why not check with them again on the price.

tyler1980 · 16 April 2018, 06:27 PM

55k? wow and id buy one for that. I skeptical. If you do the math and figure what they acquired it for since they are a business and not a charity, i would suspect that would put the cost to acquire at 45k... so only slightly more than a 5712.

Plus Patek doesnt allow sealed watches out the door anymore so i call BS on that dealers claim.

Russell996 · 16 April 2018, 06:36 PM

Quote:

Originally Posted by SimpleMan91

Hey guys!

I’ve been thinking about acquiring a 5170P for some time.. My AD and other AD’s I’ve spoken to said it is a hard piece to get. On the other hand, I’ve spoken to grey dealers (that I trust) and they said they can get me one sealed same day for $55-60K. I’m not too familiar with the none sport models of Patek but This is a 98K retail watch.. Now I’m a bit confused, is something wrong with the 5170P?
Don’t get me wrong, I don’t buy pieces for investments; but I also don’t want to lose my pants off if I ever want to trade it in. 98K —-> $55-60K is a HUGE discount..

5170P is a stunning piece and one of the best in the current collection.

WF in the UK just sold one for £64.5K against a list of £73k - it was unboxed and the difference was less than the VAT saving that many buyers achieve (😥😥😥😥).

pam66 · 16 April 2018, 06:59 PM

Quote:

Originally Posted by tyler1980

55k? wow and id buy one for that. I skeptical. If you do the math and figure what they acquired it for since they are a business and not a charity, i would suspect that would put the cost to acquire at 45k... so only slightly more than a 5712.

Plus Patek doesnt allow sealed watches out the door anymore so i call BS on that dealers claim.

i was offered a new one for 55K euros, tax excluded. that is 10% discount i suppose.

MP5 · 16 April 2018, 07:37 PM

Its a Top level Patek in my book

tyler1980 · 16 April 2018, 07:46 PM

Quote:

Originally Posted by pam66

i was offered a new one for 55K euros, tax excluded. that is 10% discount i suppose.

thats still 68K USD though.

AK797 · 16 April 2018, 10:53 PM

£55-65k seems to be the UK range depending on condition.

codecow · 16 April 2018, 10:55 PM

Rare? I have seen one sitting in the case.

Good? Oh yes, by far the best deal for 5170 in my opinion.

subtona · 16 April 2018, 11:05 PM

If you can acquire that watch for less than $60k, I would say you are as insulated from future price depreciation as one could be. I would consider that a great purchase price for a new 5170P.

tng11 · 16 April 2018, 11:08 PM

Can you link me up with that dealer? $55-60K is about the right price for me to hop in... have to sell a kidney or two but I would make it happen.

dlesin · 16 April 2018, 11:18 PM

Just as a datapoint, I bought one a little while back for $77.5k and sold it for the same once I was done having my fun with it. Given it was still like new but nonetheless it's a watch you could probably get in and out of with no loss and possibly a gain.

Vipes · 16 April 2018, 11:28 PM

I would clarify with your dealer. $55-60k seems very low for the 5170p. He may be giving you a quote for the 5170g.

Racerdj · 16 April 2018, 11:39 PM

It is a very stunning piece and at that price how can you say no!

thomaspp · 16 April 2018, 11:54 PM

wow they have come down quickly... too bad. My gut is there are a lot of them in the market unsold

would you consider a 5070?

JorgeCCW · 17 April 2018, 12:07 AM

Wow, something is off. I can see getting it for 65 -68k but not at the price range they are telling you. Is true that is not a dress watches market currently but thats a little too much. Proceed with caution and if its true pm me please

ap1 · 17 April 2018, 12:45 AM

Sounds like gold. Please keep us informed that’s a very attractive number

toucan · 17 April 2018, 12:46 AM

That's a lot less than I paid!

Murcielagoboy2 · 17 April 2018, 12:49 AM

The watch is a fantastic buy at list too.
The discounted price you've been quoted makes it an absurdly good buy....

P.S. I hate the diamonds but it's STILL a lovely watch.

nyc2la · 17 April 2018, 12:59 AM

I’d buy another at 55k.

nyc2la · 17 April 2018, 01:00 AM

pam66 · 17 April 2018, 01:01 AM

there are plenty of them around at the dealers. in vienna every AD (3 of them in the city) has one. not sure though how many will be produced over time but currently they are sitting around and readily available.

jon_jon · 17 April 2018, 02:16 AM

Davidsw had one recently for a little over $80k USD. I am sure they willl drop to under $80k in the future, but $55k USD seems off by a lot.

tyler1980 · 17 April 2018, 02:37 AM

wouldn't the AD lose money on this? Seems to be below dealer cost

SimpleMan91 · 17 April 2018, 02:53 AM

Those are exactly my thoughts! In a weird way it’s kind of insulting to sell it for 55k.... I am waiting for them to respond back to me and I’ll keep you guys posted!

Murcielagoboy2 · 17 April 2018, 03:05 AM

5070 was sitting in dealers when it came out too...
And then suddenly everyone went completely mad for it and the rest is history.

dmash · 17 April 2018, 03:22 AM

The watch is beautiful....but the diamonds are a huge turnoff for me. Maybe they’ll release it sans diamonds. I’m just of the opinion diamonds aren’t for men.

tyler1980 · 17 April 2018, 03:24 AM

Quote:

Originally Posted by dmash

The watch is beautiful....but the diamonds are a huge turnoff for me. Maybe they’ll release it sans diamonds. I’m just of the opinion diamonds aren’t for men.

i thought the same thing... and then i tried it on. Im not a diamond guy at all, but these are really nice and being honest they don't even look like diamonds unless you really look hard.

Diamonds usually don't compliment a design and they overpower it. Not in this case.

thomaspp · 17 April 2018, 03:31 AM

Quote:

Originally Posted by Murcielagoboy2

5070 was sitting in dealers when it came out too...
And then suddenly everyone went completely mad for it and the rest is history.

Not really true actually

same for 5970s. you'd never see them in a window at an AD.

16 April 2018, 05:15 PM	#1
SimpleMan91 "TRF" Member Join Date: Aug 2016 Location: Down by the shore Watch: 5712a,5170P,5980R, Posts: 441	Opinion on 5170P? Hey guys! I’ve been thinking about acquiring a 5170P for some time.. My AD and other AD’s I’ve spoken to said it is a hard piece to get. On the other hand, I’ve spoken to grey dealers (that I trust) and they said they can get me one sealed same day for $55-60K. I’m not too familiar with the none sport models of Patek but This is a 98K retail watch.. Now I’m a bit confused, is something wrong with the 5170P? Don’t get me wrong, I don’t buy pieces for investments; but I also don’t want to lose my pants off if I ever want to trade it in. 98K —-> $55-60K is a HUGE discount..

16 April 2018, 06:27 PM	#4
tyler1980 "TRF" Member Join Date: Apr 2015 Location: Houston Posts: 17,622	55k? wow and id buy one for that. I skeptical. If you do the math and figure what they acquired it for since they are a business and not a charity, i would suspect that would put the cost to acquire at 45k... so only slightly more than a 5712. Plus Patek doesnt allow sealed watches out the door anymore so i call BS on that dealers claim. __________________ Instagram: tyler.watches current collection: Patek 5164A, Patek 5524G, Rolex Platinum Daytona 116506, Rolex Sea Dweller 43 126600, Rolex GMT II 116710LN, AP 15400ST (silver), Panerai 913, Omega Speedmaster moonwatch, Tudor Black Bay (Harrods Edition)

16 April 2018, 11:05 PM	#11
subtona "TRF" Member Join Date: Jan 2011 Real Name: gus Location: East Coast Watch: APK & sometimes Y Posts: 25,995	If you can acquire that watch for less than $60k, I would say you are as insulated from future price depreciation as one could be. I would consider that a great purchase price for a new 5170P. __________________

16 April 2018, 11:39 PM	#15
Racerdj 2024 Pledge Member Join Date: Apr 2013 Location: Indianapolis Watch: Patek-Philippe Posts: 16,832	It is a very stunning piece and at that price how can you say no! __________________ Rolex and Patek Philippe

16 April 2018, 11:54 PM	#16
thomaspp "TRF" Member Join Date: Dec 2010 Location: N/A Posts: 11,136	wow they have come down quickly... too bad. My gut is there are a lot of them in the market unsold would you consider a 5070? __________________ Instagram: @watches_anonymous

16 April 2018, 05:59 PM	#2
watch-guy.com Banned Join Date: Aug 2006 Location: United States Posts: 501	at 55k buy a dozen!!

16 April 2018, 06:14 PM	#3
onmyhand "TRF" Member Join Date: Jul 2015 Location: singapore Watch: patek Posts: 226	I think very likely they have quoted you wrongly. Why not check with them again on the price.

16 April 2018, 07:37 PM	#7
MP5 2024 ROLEX DATEJUST41 X2 Pledge Member Join Date: May 2009 Location: ATX Posts: 2,881	Its a Top level Patek in my book

16 April 2018, 10:53 PM	#9
AK797 2024 Pledge Member Join Date: Feb 2010 Real Name: Neil Location: UK Watch: ing ships roll in Posts: 59,225	£55-65k seems to be the UK range depending on condition.

16 April 2018, 10:55 PM	#10
codecow "TRF" Member Join Date: Feb 2013 Real Name: Louis Location: Bay Area, CA Watch: PP 5131R Posts: 4,784	Rare? I have seen one sitting in the case. Good? Oh yes, by far the best deal for 5170 in my opinion.

16 April 2018, 11:08 PM	#12
tng11 "TRF" Member Join Date: Jun 2016 Location: N/A Posts: 3,629	Can you link me up with that dealer? $55-60K is about the right price for me to hop in... have to sell a kidney or two but I would make it happen.

16 April 2018, 11:18 PM	#13
dlesin "TRF" Member Join Date: Jan 2018 Location: NYC Posts: 61	Just as a datapoint, I bought one a little while back for $77.5k and sold it for the same once I was done having my fun with it. Given it was still like new but nonetheless it's a watch you could probably get in and out of with no loss and possibly a gain.

16 April 2018, 11:28 PM	#14
Vipes "TRF" Member Join Date: Jun 2011 Location: Texas Posts: 4,838	I would clarify with your dealer. $55-60k seems very low for the 5170p. He may be giving you a quote for the 5170g.

17 April 2018, 12:07 AM	#17
JorgeCCW "TRF" Member Join Date: Jul 2013 Real Name: Jorge Location: Ohio, USA Watch: Rolex,Patek and AP Posts: 4,675	Wow, something is off. I can see getting it for 65 -68k but not at the price range they are telling you. Is true that is not a dress watches market currently but thats a little too much. Proceed with caution and if its true pm me please __________________ -------------------------------------------------------------------------------------------------------------------------------- "Nothing happens until something moves " Albert Einstein

17 April 2018, 12:45 AM	#18
ap1 2024 Pledge Member Join Date: Mar 2013 Location: usa Posts: 19,041	Sounds like gold. Please keep us informed that’s a very attractive number

17 April 2018, 12:46 AM	#19
toucan "TRF" Member Join Date: Aug 2013 Location: NYC Watch: 5970 Posts: 1,980	That's a lot less than I paid!

17 April 2018, 12:49 AM	#20
Murcielagoboy2 "TRF" Member Join Date: Mar 2017 Location: London Posts: 431	The watch is a fantastic buy at list too. The discounted price you've been quoted makes it an absurdly good buy.... P.S. I hate the diamonds but it's STILL a lovely watch.

17 April 2018, 12:59 AM	#21
nyc2la "TRF" Member Join Date: Mar 2014 Real Name: Stephen Location: Beach Watch: 16660 Posts: 9,176	I’d buy another at 55k. __________________ "Nothing great was ever achieved without enthusiasm." --- RWE

17 April 2018, 01:00 AM	#22
nyc2la "TRF" Member Join Date: Mar 2014 Real Name: Stephen Location: Beach Watch: 16660 Posts: 9,176	__________________ "Nothing great was ever achieved without enthusiasm." --- RWE

17 April 2018, 01:01 AM	#23
pam66 "TRF" Member Join Date: May 2017 Location: cambridge Posts: 2,256	there are plenty of them around at the dealers. in vienna every AD (3 of them in the city) has one. not sure though how many will be produced over time but currently they are sitting around and readily available.

17 April 2018, 02:16 AM	#24
jon_jon "TRF" Member Join Date: Mar 2009 Location: USA Posts: 4,341	Davidsw had one recently for a little over $80k USD. I am sure they willl drop to under $80k in the future, but $55k USD seems off by a lot.

17 April 2018, 02:37 AM	#25
tyler1980 "TRF" Member Join Date: Apr 2015 Location: Houston Posts: 17,622	wouldn't the AD lose money on this? Seems to be below dealer cost __________________ Instagram: tyler.watches current collection: Patek 5164A, Patek 5524G, Rolex Platinum Daytona 116506, Rolex Sea Dweller 43 126600, Rolex GMT II 116710LN, AP 15400ST (silver), Panerai 913, Omega Speedmaster moonwatch, Tudor Black Bay (Harrods Edition)

17 April 2018, 02:53 AM	#26
SimpleMan91 "TRF" Member Join Date: Aug 2016 Location: Down by the shore Watch: 5712a,5170P,5980R, Posts: 441	Those are exactly my thoughts! In a weird way it’s kind of insulting to sell it for 55k.... I am waiting for them to respond back to me and I’ll keep you guys posted!

17 April 2018, 03:05 AM	#27
Murcielagoboy2 "TRF" Member Join Date: Mar 2017 Location: London Posts: 431	5070 was sitting in dealers when it came out too... And then suddenly everyone went completely mad for it and the rest is history.

17 April 2018, 03:22 AM	#28
dmash "TRF" Member Join Date: Feb 2017 Location: USA <> BKK Posts: 5,912	The watch is beautiful....but the diamonds are a huge turnoff for me. Maybe they’ll release it sans diamonds. I’m just of the opinion diamonds aren’t for men.

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