5711 new price

[tng11]

Originally Posted by kingofthehill

And it’s gone.

That's crazy!!! There seems to be a market out there for these - I've seen DavidSW post two on his site in the last 6 weeks or so for $68,575, and they were gone within a few days.

I still feel incredibly lucky I got mine at the UK VAT free price!

[AK797]

I also see that Chronext don't offer a 5990 source so that might make buyers rush to buy when they see one.

[tyler1980]

Originally Posted by AK797

I also see that Chronext don't offer a 5990 source so that might make buyers rush to buy when they see one.

its super weird that just a month or two ago WF refused to buy one from a member here and they didn't have any at the time

Unless it was related to all "expensive watches" to clean up the balance sheet prior to the Reichmont acquisition. As that was announced a short time later and now they are buying again... and selling them quite easily it seems

[tng11]

Originally Posted by tyler1980

its super weird that just a month or two ago WF refused to buy one from a member here and they didn't have any at the time

Unless it was related to all "expensive watches" to clean up the balance sheet prior to the Reichmont acquisition. As that was announced a short time later and now they are buying again... and selling them quite easily it seems

I now wonder what their spreads look like now... close to the acquisition their spreads were huge for very hot pieces.

[AK797]

Originally Posted by tyler1980

its super weird that just a month or two ago WF refused to buy one from a member here and they didn't have any at the time

Unless it was related to all "expensive watches" to clean up the balance sheet prior to the Reichmont acquisition. As that was announced a short time later and now they are buying again... and selling them quite easily it seems

Yes, remember that, maybe some cash flow issues at the time as they don't seem a problem seller at all.

[Russell996]

Originally Posted by tng11

I still feel incredibly lucky I got mine at the UK VAT free price!

Congrats - From an UK AD recently as a non UK resident?

[tng11]

The other 5990 that Watchfinder had at £52,500 has been sold. I noticed they have another 2018 in the "Presale" section, and it makes me wonder if it's the one talked about being available in the other thread!

On a side note, they also have a 10-year old 5712/1A at £40,950, but apparently are only offering £28K or thereabouts for recent ones. And judging by the spread between the 2011 and 2018 5711/1A blue I am seeing, I wouldn't be surprised to see them ask £46,000 for a 2018 5712/1A.

[RussW]

Originally Posted by tng11

The other 5990 that Watchfinder had at £52,500 has been sold. I noticed they have another 2018 in the "Presale" section, and it makes me wonder if it's the one talked about being available in the other thread!

On a side note, they also have a 10-year old 5712/1A at £40,950, but apparently are only offering £28K or thereabouts for recent ones. And judging by the spread between the 2011 and 2018 5711/1A blue I am seeing, I wouldn't be surprised to see them ask £46,000 for a 2018 5712/1A.

The two 5711s haven’t sold yet. I wonder if the price has finally peaked.

[Descro]

In Italy they ask 43 / 45K Euro for a used and 46 / 48K Euro for a new ...

[tng11]

Originally Posted by RussW

The two 5711s haven’t sold yet. I wonder if the price has finally peaked.

A notable grey in the US has had a 2017 for $47,500 and it's been bumped a few times. BNIB 5712s at $54.5K and $52.5K have been sitting around too.

My impression is that the 5711 and 5712 have peaked as well, everyone who wanted one badly enough to pay the premium has gotten one - but the 5990s are having their day in the spotlight now given the low supply of them on the grey market in general.

[tyler1980]

Originally Posted by tng11

The other 5990 that Watchfinder had at £52,500 has been sold. I noticed they have another 2018 in the "Presale" section, and it makes me wonder if it's the one talked about being available in the other thread!

On a side note, they also have a 10-year old 5712/1A at £40,950, but apparently are only offering £28K or thereabouts for recent ones. And judging by the spread between the 2011 and 2018 5711/1A blue I am seeing, I wouldn't be surprised to see them ask £46,000 for a 2018 5712/1A.

someone should get quotes on 5990, 5712, and 5711 (2017/18 and under warranty) and see what the buy prices are. We know what they are listing them at.

If they are offering £2k+ under retail on a new 5712 they will get zero sales IMO. I could sell mine with no sales history on TRF for more.

[tng11]

Originally Posted by tyler1980

someone should get quotes on 5990, 5712, and 5711 (2017/18 and under warranty) and see what the buy prices are. We know what they are listing them at.

If they are offering £2k+ under retail on a new 5712 they will get zero sales IMO. I could sell mine with no sales history on TRF for more.

This is where I saw the 28K figure... it's actually £27-28K.

https://www.rolexforums.com/showpost...8&postcount=11

Originally Posted by haberdashery

I agree with this, the numbers are too tight. There’d be a grand or two in it at most, if that. When I picked up my 5712 I got a quote from WF to sell it (just out of interest)- they offered 27-28k, which I found pretty insulting. Right now none of the main dealers have a 5712 in steel in stock, and I think Watchclub were the last one to do so, it went for around the 43k mark if I remember correctly. Amazing how quickly Nautilus prices are increasing across pretty much all models.

FWIW I pmd OP as I am after a 5990 (to keep), and if it hadn’t been at the opposite end of the country I would have been straight in the car to drive and buy it. Hopefully my local AD will come through with one sooner rather than later.

Fingers crossed the buyer is an enthusiast and not a flipper.

Absolutely silly if you ask me.

As a reference point, I also inquired with a few of the US greys about their buy prices for a 5990. Let's just say they were all below the US MSRP of $53,300. And these are the same people marking them up to 68K or more, or 15K over MSRP. Greys want the whole pie, ice cream and cherry on top to themselves.

[haberdashery]

Originally Posted by tyler1980

someone should get quotes on 5990, 5712, and 5711 (2017/18 and under warranty) and see what the buy prices are. We know what they are listing them at.

If they are offering £2k+ under retail on a new 5712 they will get zero sales IMO. I could sell mine with no sales history on TRF for more.

5711 blue dial is 30-31k (based on a June 2018 watch), and the 5712 was 28k when I asked in early June.

Pretty greedy imo, 50% margins or just less after margin VAT.

[tyler1980]

Originally Posted by tng11

This is where I saw the 28K figure... it's actually £27-28K.

https://www.rolexforums.com/showpost...8&postcount=11

anyone who sells them one is an idiot. It would be zero effort to get more yourself. Its not even a remotely competitive offer.

[Sam Philip]

Originally Posted by haberdashery

5711 blue dial is 30-31k (based on a June 2018 watch), and the 5712 was 28k when I asked in early June.

Pretty greedy imo, 50% margins or just less after margin VAT.

I think £ 30 - 31K is a reasonable offer for the 5711. Few months ago I was in Blowers with a friend, Mark asked me when I got my 5711 blue and when I mentioned to him I got it in 2015 he told me it was 2 price increases ago and he was willing to offer me the current MSRP if I wanted to sell it.

[tyler1980]

Originally Posted by Sam Philip

I think £ 30 - 31K is a reasonable offer for the 5711. Few months ago I was in Blowers with a friend, Mark asked me when I got my 5711 blue and when I mentioned to him I got it in 2015 he told me it was 2 price increases ago and he was willing to offer me the current MSRP if I wanted to sell it.

The 5711 is not awful and above retail. It’s the 5712 I think is horrible


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[AK797]

I just saw WF have a blue 5980 for £62.5K and it's 2006. I'm sure I saw one for mid fifties a few weeks ago. Just insanier and insanier.

[RussW]

Originally Posted by AK797

I just saw WF have a blue 5980 for £62.5K and it's 2006. I'm sure I saw one for mid fifties a few weeks ago. Just insanier and insanier.

That’s still there, but the 5711 they had for £46k has gone. It’s crazy, but then again, looking at Dom’s incoming, it is a beautiful watch. WF will have the 5711 for over £50k within a year.

[RussW]

Originally Posted by Sam Philip

I think £ 30 - 31K is a reasonable offer for the 5711. Few months ago I was in Blowers with a friend, Mark asked me when I got my 5711 blue and when I mentioned to him I got it in 2015 he told me it was 2 price increases ago and he was willing to offer me the current MSRP if I wanted to sell it.

Originally Posted by tyler1980

The 5711 is not awful and above retail. It’s the 5712 I think is horrible


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I think £31k is a terrible price for a brand new 5711 when WF are selling for £46k.

[haberdashery]

Originally Posted by RussW

That’s still there, but the 5711 they had for £46k has gone. It’s crazy, but then again, looking at Dom’s incoming, it is a beautiful watch. WF will have the 5711 for over £50k within a year.

The weird thing with the 5711 is that at least two dealers have brand new 2018 models around the 41k mark, so if someone paid full price to WF they got shafted (well, mega shafted beyond the paying double RRP for a 5711).

One of the dealers with one in stock was Chronext (unworn, immediate delivery), the second dealer I can’t remember off the top of my head.

Hoping my AD comes through with a 5711 before any more price increases. Getting a bit boring waiting for it now, having been on the list for 2-3 years already.

[RussW]

Originally Posted by haberdashery

The weird thing with the 5711 is that at least two dealers have brand new 2018 models around the 41k mark, so if someone paid full price to WF they got shafted (well, mega shafted beyond the paying double RRP for a 5711).

One of the dealers with one in stock was Chronext (unworn, immediate delivery), the second dealer I can’t remember off the top of my head.

Hoping my AD comes through with a 5711 before any more price increases. Getting a bit boring waiting for it now, having been on the list for 2-3 years already.

I wouldn’t pay WF prices for a 5711, that’s for sure. But I’ve seen they do a buyback guarantee to buy your watch off you 2 years later for the price you paid. So if the 5711 bubble bursts you’ve got some protection with WF.

[Russell996]

Originally Posted by RussW

I wouldn’t pay WF prices for a 5711, that’s for sure. But I’ve seen they do a buyback guarantee to buy your watch off you 2 years later for the price you paid. So if the 5711 bubble bursts you’ve got some protection with WF.

I understood they will sell you a buyback insurance policy - not looked at it but I expect you will pay through the nose to insure most/all watches against depreciation.

https://www.watchfinder.co.uk/servic...back-guarantee

[RussW]

Originally Posted by Russell996

I understood they will sell you a buyback insurance policy - not looked at it but I expect you will pay through the nose to insure most watches against depreciation.

https://www.watchfinder.co.uk/servic...back-guarantee

I haven’t looked into it either, but wondered if that was one of their tactics to be able to charge more than other dealers. As you say probably not cheap, because their watches aren’t!

[AK797]

Originally Posted by RussW

I wouldn’t pay WF prices for a 5711, that’s for sure. But I’ve seen they do a buyback guarantee to buy your watch off you 2 years later for the price you paid. So if the 5711 bubble bursts you’ve got some protection with WF.

I wonder if you could neg that down to 1 year, could become attractive then.