The Rolex Forums   The Rolex Watch

ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX


Go Back   Rolex Forums - Rolex Watch Forum > Other (non-Rolex) Watch Topics > Patek Philippe Discussion Forum

Reply
 
Thread Tools Display Modes
Old 10 July 2019, 04:40 AM   #1
Bearxj86
"TRF" Member
 
Bearxj86's Avatar
 
Join Date: Jun 2017
Location: Los Angeles
Watch: 3970
Posts: 3,793
Can you really buy a 5980A + 5711R with a 5980R

That just feels...wrong on so many levels...thoughts?

I see the 5980-1R on bracelet going for like $180...that's almost as much as a 5711R and a 5980A or a 5980A + 5711A

That much for gold?
Bearxj86 is offline   Reply With Quote
Old 10 July 2019, 05:36 AM   #2
Sam Philip
Banned
 
Join Date: Apr 2012
Location: UK
Posts: 4,345
Quote:
Originally Posted by bearxj86 View Post
That just feels...wrong on so many levels...thoughts?

I see the 5980-1R on bracelet going for like $180...that's almost as much as a 5711R and a 5980A or a 5980A + 5711A

That much for gold?
I agree it is wrong on many levels

However if we look at the MSRP of 5980A (last MSRP was around £ 35000) and MSRP of 5711R (£ 40800) it does not appear that bad as current MSRP of 5980/1R is £ 67540

There is a 5980/1R listed at £ 182700 and that is almost the MSRP of a 5270P and a 5711R. The same dealer has listed a 5204P at £ 182700 and a 5370P at £ 173565. I think that is insane.
Sam Philip is offline   Reply With Quote
Old 10 July 2019, 05:40 AM   #3
AK797
2024 Pledge Member
 
AK797's Avatar
 
Join Date: Feb 2010
Real Name: Neil
Location: UK
Watch: ing ships roll in
Posts: 59,066
Offer price would be 30,40K lower than asking, so not quite that much leverage but yes its all crazy all the time now.
AK797 is online now   Reply With Quote
Old 10 July 2019, 05:43 AM   #4
Pateks
Banned
 
Join Date: Jul 2019
Location: USA
Posts: 327
This bubble is going to burst and burst hard. People buying 40 or 50k watches didn’t get in that position by being stupid with their money. This is just dumb.
Pateks is offline   Reply With Quote
Old 10 July 2019, 05:50 AM   #5
Bearxj86
"TRF" Member
 
Bearxj86's Avatar
 
Join Date: Jun 2017
Location: Los Angeles
Watch: 3970
Posts: 3,793
I am all for bubbles, but the sub-bubble of the master bubble is getting bigger than the master bubble itself! That's TOO BUBBLY!!!! It defies the physics of bubbles!
Bearxj86 is offline   Reply With Quote
Old 10 July 2019, 05:52 AM   #6
Sam Philip
Banned
 
Join Date: Apr 2012
Location: UK
Posts: 4,345
Quote:
Originally Posted by AK797 View Post
Offer price would be 30,40K lower than asking, so not quite that much leverage but yes its all crazy all the time now.
I think the offer price would be significantly lower than that.
Sam Philip is offline   Reply With Quote
Old 10 July 2019, 05:54 AM   #7
Aquaman
Banned
 
Join Date: Jun 2019
Location: All around
Posts: 600
Quote:
Originally Posted by bearxj86 View Post
I am all for bubbles, but the sub-bubble of the master bubble is getting bigger than the master bubble itself! That's TOO BUBBLY!!!! It defies the physics of bubbles!


micro bubbles?
Aquaman is offline   Reply With Quote
Old 10 July 2019, 06:00 AM   #8
Jinson
2024 Pledge Member
 
Jinson's Avatar
 
Join Date: Feb 2012
Location: West Coast
Watch: Older GMTs & Subs
Posts: 564
I'm curious how much of this is driven by collectors outside of the US who seem to prefer gold.
Jinson is offline   Reply With Quote
Old 10 July 2019, 06:15 AM   #9
raclaims
"TRF" Member
 
raclaims's Avatar
 
Join Date: Mar 2013
Location: NJ
Posts: 2,584
I'm waiting for them to get to $200 then I'm selling mine! Can't wait!!
raclaims is offline   Reply With Quote
Old 10 July 2019, 06:19 AM   #10
Pateks
Banned
 
Join Date: Jul 2019
Location: USA
Posts: 327
Raise your hand if you would pay 180k for a 5980r on a bracelet.

We have some of the most enthusiastic watch fans here so let see how many actually would pay that much for this watch?
Pateks is offline   Reply With Quote
Old 10 July 2019, 06:19 AM   #11
Pateks
Banned
 
Join Date: Jul 2019
Location: USA
Posts: 327
Raise your hand if you would pay 180k for a 5980r on a bracelet.

We have some of the most enthusiastic watch fans here so let see how many actually would pay that much for this watch?
Pateks is offline   Reply With Quote
Old 10 July 2019, 06:27 AM   #12
Aquaman
Banned
 
Join Date: Jun 2019
Location: All around
Posts: 600
Quote:
Originally Posted by Pateks View Post
Raise your hand if you would pay 180k for a 5980r on a bracelet.

We have some of the most enthusiastic watch fans here so let see how many actually would pay that much for this watch?

Possibly for the 40th, wasn't lucky enough to get 1, but the blue is wow, and diamonds mmmmm mint
Aquaman is offline   Reply With Quote
Old 10 July 2019, 06:48 AM   #13
Fat_ninja
Banned
 
Join Date: May 2018
Real Name: Jonathan
Location: USA
Watch: P-01
Posts: 11,772
Quote:
Originally Posted by Jinson View Post
I'm curious how much of this is driven by collectors outside of the US who seem to prefer gold.
Silly, There are rappers in the US too. I don’t know about London.
Fat_ninja is offline   Reply With Quote
Old 10 July 2019, 06:50 AM   #14
s.m.b.
"TRF" Member
 
s.m.b.'s Avatar
 
Join Date: Jul 2017
Location: the Far West
Posts: 1,282
Quote:
Originally Posted by Pateks View Post
Raise your hand if you would pay 180k for a 5980r on a bracelet.

We have some of the most enthusiastic watch fans here so let see how many actually would pay that much for this watch?
Negative.
__________________
Rolex & Patek Philippe
s.m.b. is offline   Reply With Quote
Old 10 July 2019, 07:00 AM   #15
ap1
2024 Pledge Member
 
Join Date: Mar 2013
Location: usa
Posts: 18,971
I was trying to get up the nerve to pay msrp
ap1 is offline   Reply With Quote
Old 10 July 2019, 07:22 AM   #16
pam66
"TRF" Member
 
Join Date: May 2017
Location: cambridge
Posts: 2,222
Quote:
Originally Posted by Sam Philip View Post
I think the offer price would be significantly lower than that.
you are wrong.
pam66 is offline   Reply With Quote
Old 10 July 2019, 07:26 AM   #17
Sam Philip
Banned
 
Join Date: Apr 2012
Location: UK
Posts: 4,345
Quote:
Originally Posted by pam66 View Post
you are wrong.
Will a UK dealer offer more than £ 110000 for a 5980/1R?
Sam Philip is offline   Reply With Quote
Old 10 July 2019, 07:29 AM   #18
Aquaman
Banned
 
Join Date: Jun 2019
Location: All around
Posts: 600
Quote:
Originally Posted by Sam Philip View Post
Will a UK dealer offer more than £ 110000 for a 5980/1R?

I've just browsed some UK greys, and luxewatches just sold 1 for 148k, so would they want to pay 110 maybe not, but would you watch 28k profit go away
Aquaman is offline   Reply With Quote
Old 10 July 2019, 07:40 AM   #19
pam66
"TRF" Member
 
Join Date: May 2017
Location: cambridge
Posts: 2,222
Quote:
Originally Posted by Sam Philip View Post
Will a UK dealer offer more than £ 110000 for a 5980/1R?
i don't know about UK dealers but elsewhere the answer is yes. is it insane? yes of course it is. but wait until the 5980 series is discontinued, then it will be fun....
pam66 is offline   Reply With Quote
Old 10 July 2019, 07:43 AM   #20
Sam Philip
Banned
 
Join Date: Apr 2012
Location: UK
Posts: 4,345
Quote:
Originally Posted by Aquaman View Post
I've just browsed some UK greys, and luxewatches just sold 1 for 148k, so would they want to pay 110 maybe not, but would you watch 28k profit go away
That is 80K more than MSRP. May be the seller got around 100K
Sam Philip is offline   Reply With Quote
Old 10 July 2019, 07:44 AM   #21
Sam Philip
Banned
 
Join Date: Apr 2012
Location: UK
Posts: 4,345
Quote:
Originally Posted by pam66 View Post
i don't know about UK dealers but elsewhere the answer is yes. is it insane? yes of course it is. but wait until the 5980 series is discontinued, then it will be fun....
It will rise further when it is discontinued. I think it is likely to be discontinued next year.
Sam Philip is offline   Reply With Quote
Old 10 July 2019, 07:48 AM   #22
pam66
"TRF" Member
 
Join Date: May 2017
Location: cambridge
Posts: 2,222
Quote:
Originally Posted by Sam Philip View Post
It will rise further when it is discontinued. I think it is likely to be discontinued next year.
yes, correct. it will be interesting to see the successor of 5980. i hope it won't be derivatives of the 5990, which for me is an ugly duckling - others surely see this differently.
pam66 is offline   Reply With Quote
Old 10 July 2019, 07:52 AM   #23
pam66
"TRF" Member
 
Join Date: May 2017
Location: cambridge
Posts: 2,222
btw, also the 5980R is going up in value. actually, i like my R better than my 1R. weird hype.....



pam66 is offline   Reply With Quote
Old 10 July 2019, 07:55 AM   #24
Sam Philip
Banned
 
Join Date: Apr 2012
Location: UK
Posts: 4,345
Quote:
Originally Posted by pam66 View Post
btw, also the 5980R is going up in value. actually, i like my R better than my 1R. weird hype.....



Both look great

By the way again some thing missing from your photo
Sam Philip is offline   Reply With Quote
Old 10 July 2019, 07:57 AM   #25
pam66
"TRF" Member
 
Join Date: May 2017
Location: cambridge
Posts: 2,222
Quote:
Originally Posted by Sam Philip View Post
Both look great

By the way again some thing missing from your photo
i just picked up the watch and didn't want to scratch it:::::))))...yet.
pam66 is offline   Reply With Quote
Old 10 July 2019, 07:59 AM   #26
pam66
"TRF" Member
 
Join Date: May 2017
Location: cambridge
Posts: 2,222
a year ago i was offered a sealed 5980A blue for 48K euros. i said no thanks, that is above the last list price. ohhhh well.........
pam66 is offline   Reply With Quote
Old 10 July 2019, 08:12 AM   #27
ts3
"TRF" Member
 
Join Date: Nov 2018
Location: Europe
Posts: 3,199
Quote:
Originally Posted by pam66 View Post
yes, correct. it will be interesting to see the successor of 5980. i hope it won't be derivatives of the 5990, which for me is an ugly duckling - others surely see this differently.
Seems like I am the only one who feels the chrono pushers kill the beautiful symmetry of the Nautilus case, no matter if on the 5980 or 5990. I do like the 5968 though as the Aquanaut case is asymmetric by nature...
ts3 is online now   Reply With Quote
Old 10 July 2019, 08:36 AM   #28
Fat_ninja
Banned
 
Join Date: May 2018
Real Name: Jonathan
Location: USA
Watch: P-01
Posts: 11,772
Quote:
Originally Posted by Sam Philip View Post
Both look great

By the way again some thing missing from your photo
Amazing that we are all over the world but Pam66 is infamous for his beads lol
Fat_ninja is offline   Reply With Quote
Old 10 July 2019, 08:45 AM   #29
Pateks
Banned
 
Join Date: Jul 2019
Location: USA
Posts: 327
Quote:
Originally Posted by pam66 View Post
a year ago i was offered a sealed 5980A blue for 48K euros. i said no thanks, that is above the last list price. ohhhh well.........
Don’t feel bad. I sold a 5980 steel for 40k about 3 years ago. Wasn’t wearing it- felt a bit small on my wrist. Yada yada. Oh well....
Pateks is offline   Reply With Quote
Old 10 July 2019, 08:50 AM   #30
Sam Philip
Banned
 
Join Date: Apr 2012
Location: UK
Posts: 4,345
Quote:
Originally Posted by Fat_ninja View Post
Amazing that we are all over the world but Pam66 is infamous for his beads lol
Sam Philip is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Takuya Watches

Bobs Watches

My Watch LLC

OCWatches

DavidSW Watches

Coronet


*Banners Of The Month*
This space is provided to horological resources.





Copyright ©2004-2024, The Rolex Forums. All Rights Reserved.

ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX

Rolex is a registered trademark of ROLEX USA. The Rolex Forums is not affiliated with ROLEX USA in any way.