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16 April 2018, 05:15 PM | #1 |
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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, 05:59 PM | #2 |
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at 55k buy a dozen!!
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16 April 2018, 06:14 PM | #3 |
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I think very likely they have quoted you wrongly. Why not check with them again on the price.
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16 April 2018, 06:27 PM | #4 |
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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.
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16 April 2018, 06:36 PM | #5 | |
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Quote:
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 (😥😥😥😥). |
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16 April 2018, 06:59 PM | #6 | |
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Quote:
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16 April 2018, 07:37 PM | #7 |
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Its a Top level Patek in my book
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16 April 2018, 07:46 PM | #8 |
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thats still 68K USD though.
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16 April 2018, 10:53 PM | #9 |
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£55-65k seems to be the UK range depending on condition.
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16 April 2018, 10:55 PM | #10 |
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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, 11:05 PM | #11 |
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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.
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16 April 2018, 11:08 PM | #12 |
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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.
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16 April 2018, 11:18 PM | #13 |
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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.
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16 April 2018, 11:28 PM | #14 |
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I would clarify with your dealer. $55-60k seems very low for the 5170p. He may be giving you a quote for the 5170g.
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16 April 2018, 11:39 PM | #15 |
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It is a very stunning piece and at that price how can you say no!
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16 April 2018, 11:54 PM | #16 |
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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?
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17 April 2018, 12:07 AM | #17 |
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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
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17 April 2018, 12:45 AM | #18 |
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Sounds like gold. Please keep us informed that’s a very attractive number
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17 April 2018, 12:46 AM | #19 |
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That's a lot less than I paid!
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17 April 2018, 12:49 AM | #20 |
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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 |
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I’d buy another at 55k.
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17 April 2018, 01:00 AM | #22 |
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17 April 2018, 01:01 AM | #23 |
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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.
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17 April 2018, 02:16 AM | #24 |
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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.
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17 April 2018, 02:37 AM | #25 |
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wouldn't the AD lose money on this? Seems to be below dealer cost
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17 April 2018, 02:53 AM | #26 |
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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!
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17 April 2018, 03:05 AM | #27 |
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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 |
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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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17 April 2018, 03:24 AM | #29 | |
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Diamonds usually don't compliment a design and they overpower it. Not in this case.
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17 April 2018, 03:31 AM | #30 | |
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same for 5970s. you'd never see them in a window at an AD.
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