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SMD · 9 March 2018, 05:50 AM

Quote:

Originally Posted by Ahfe

From Patek Philippe 2012 Retail Pricelist thread..

Hey guys, is it me or the msrp can fluctuate up and down? Looking at the first page of the thread, the 2012 msrp

5711/1A Nautilus (5711/1A / SS) $26700.00
5712/1A Nautilus (SS / Black-Blue Dial / SS Bracelet) $36000.00

And comparing it to 2016 price list on page 3

5711/1A Nautilus (5711/1A / SS) $24836.00
5712/1A Nautilus (SS / Black-Blue Dial / SS Bracelet) $33327.00

Did anyone notice that? So maybe the 20% price increase is only temporary to help control the wait list and grey market prices..

Yes, the PP price drop was widely covered on this forum.

Ahfe · 9 March 2018, 06:00 AM

Quote:

Originally Posted by SMD

Yes, the PP price drop was widely covered on this forum.

That being said, would we see price reduction in the near future or what? I just never saw a 20% price hike before, in fact I never saw any hike over 5-10%..

tyler1980 · 9 March 2018, 06:02 AM

Quote:

Originally Posted by Ahfe

That being said, would we see price reduction in the near future or what? I just never saw a 20% price hike before, in fact I never saw any hike over 5-10%..

i think the price reduction was a mistake so i doubt they would do it again. Plus the market is hot and 5711 pricing needs to drop 20k on the secondary market to mean people won't make money flipping it. There is still a lot of room for the retail price to go up.

Ahfe · 9 March 2018, 06:08 AM

Quote:

Originally Posted by tyler1980

i think the price reduction was a mistake so i doubt they would do it again. Plus the market is hot and 5711 pricing needs to drop 20k on the secondary market to mean people won't make money flipping it. There is still a lot of room for the retail price to go up.

But with the price of 5711 hitting 30k and grey market at 40k, I can see people moving for the 5167, VC overseas and other similar models.

SMD · 9 March 2018, 10:57 AM

Quote:

Originally Posted by Ahfe

That being said, would we see price reduction in the near future or what? I just never saw a 20% price hike before, in fact I never saw any hike over 5-10%..

No.

SMD · 9 March 2018, 10:59 AM

Quote:

Originally Posted by Ahfe

But with the price of 5711 hitting 30k and grey market at 40k, I can see people moving for the 5167, VC overseas and other similar models.

As long as there continues to be a significant gap between the list price and the market price, the demand will continue to be strong.

FSUGeoff · 9 March 2018, 11:23 AM

Honestly since Patek has been mentioned more in rap songs in the last few months, a lot of watches (Nautilus models only)are getting set with diamonds ("bust down" as they say these days), I think the effect this is having on the overall supply (a low production number versus Rolex) cannot be totally diminished. Once the 5711 stops being the "it" watch in hiphop, you will see the artificial prices and availability go back to normal, imo.

HorologyK · 9 March 2018, 11:30 AM

Quote:

Originally Posted by SMD

As long as there continues to be a significant gap between the list price and the market price, the demand will continue to be strong.

Euro watch has a 5167 preowned sold for 27.5. Crazy.

tng11 · 9 March 2018, 11:54 AM

Quote:

Originally Posted by HorologyK

Euro watch has a 5167 preowned sold for 27.5. Crazy.

I call shenanigans. You heard it here first. Just because someone lists a watch at X then marks it sold does not mean it actually sold at that price. Colour me skeptical as this market is being seriously manipulated by a select group.

chunkythebulldog · 9 March 2018, 06:14 PM

Luxe watches in the UK has a 5711/1a for £33995.00 or approx $47593.00, crazy pricing.

https://www.luxewatches.co.uk/shop/p...-57111a-010-2/

Russell996 · 9 March 2018, 07:44 PM

Quote:

Originally Posted by chunkythebulldog

Luxe watches in the UK has a 5711/1a for £33995.00 or approx $47593.00, crazy pricing.

https://www.luxewatches.co.uk/shop/p...-57111a-010-2/

There is a 3700/1a for sale at £64k, I would suggest this makes the used 5711's all look great value.
I don't really understand all the griping about prices on the secondary, they are what they are and the market seems to support them. If you don't want to pay it put your name on the list with and AD and wait.

Value is subjective, there are many other pieces from other manufacturers that offer far better 'value' than an AD sourced 5711/1A at retail (complications and PM), but if/when you come to sell you will soon find out the real market value. Buy a used 5711/1A and you are still buying a watch that will retain it's value better than virtually any other watch, buy it new from an AD and you have an investment. Neither option is a bad move considering the money pit of most watches on the market (and I've certainly bought some money pits in the past!).

And of course the main reason to buy a 5711 is that it's simply gorgeous!

Ichiran · 9 March 2018, 07:57 PM

Quote:

Originally Posted by Russell996

There is a 3700/1a for sale at £64k, I would suggest this makes the used 5711's all look great value.
I don't really understand all the griping about prices on the secondary, they are what they are and the market seems to support them. If you don't want to pay it put your name on the list with and AD and wait.

Value is subjective, there are many other pieces from other manufacturers that offer far better 'value' than an AD sourced 5711/1A at retail (complications and PM), but if/when you come to sell you will soon find out the real market value. Buy a used 5711/1A and you are still buying a watch that will retain it's value better than virtually any other watch, buy it new from an AD and you have an investment. Neither option is a bad move considering the money pit of most watches on the market (and I've certainly bought some money pits in the past!).

And of course the main reason to buy a 5711 is that it's simply gorgeous!

Totally agree. Nobody is forcing anyone at gunpoint to buy these 5711s. This is market force.

AshAP · 9 March 2018, 08:01 PM

Quote:

Originally Posted by Russell996

There is a 3700/1a for sale at £64k, I would suggest this makes the used 5711's all look great value.
I don't really understand all the griping about prices on the secondary, they are what they are and the market seems to support them. If you don't want to pay it put your name on the list with and AD and wait.

Value is subjective, there are many other pieces from other manufacturers that offer far better 'value' than an AD sourced 5711/1A at retail (complications and PM), but if/when you come to sell you will soon find out the real market value. Buy a used 5711/1A and you are still buying a watch that will retain it's value better than virtually any other watch, buy it new from an AD and you have an investment. Neither option is a bad move considering the money pit of most watches on the market (and I've certainly bought some money pits in the past!).

And of course the main reason to buy a 5711 is that it's simply gorgeous!

Well said!

Sent from my iPhone using Tapatalk

kronomentro · 10 March 2018, 02:01 AM

Quote:

Originally Posted by Ichiran

Totally agree. Nobody is forcing anyone at gunpoint to buy these 5711s. This is market force.

Agree with you all to some degree but remember the 3700/1A is the original Nautilus-shouldnt it command a substantial premium to the 5711? I'm seeing Christies sales for 3700s at 60-75k but that was late 2017. We all know whats happened since..

nycpassat · 10 March 2018, 02:03 AM

Quote:

Originally Posted by Russell996

There is a 3700/1a for sale at £64k, I would suggest this makes the used 5711's all look great value.
I don't really understand all the griping about prices on the secondary, they are what they are and the market seems to support them. If you don't want to pay it put your name on the list with and AD and wait.

Value is subjective, there are many other pieces from other manufacturers that offer far better 'value' than an AD sourced 5711/1A at retail (complications and PM), but if/when you come to sell you will soon find out the real market value. Buy a used 5711/1A and you are still buying a watch that will retain it's value better than virtually any other watch, buy it new from an AD and you have an investment. Neither option is a bad move considering the money pit of most watches on the market (and I've certainly bought some money pits in the past!).

And of course the main reason to buy a 5711 is that it's simply gorgeous!

+1 spot on!

mattza · 13 June 2018, 05:02 PM

These are going for $50,000 to $60,000 now....wow!!! Wish I bought one a few years ago.

AK797 · 14 June 2018, 02:17 AM

Quote:

Originally Posted by mattza

These are going for $50,000 to $60,000 now....wow!!! Wish I bought one a few years ago.

Or weeks.

iLLGT2 · 14 June 2018, 04:32 AM

Insanity, worth it, yeaaaaaaaa NO!

Had 5711, 5712 5167 5960p

All nice, but weren't worth it years and years ago to me... now is just absurdity

Actually, I do think 5960p is a BARGAIN now, compared to steel for 50k+

Karbo · 14 June 2018, 05:35 AM

Quote:

Originally Posted by iLLGT2

Actually, I do think 5960p is a BARGAIN now, compared to steel for 50k+

Bro, nobody wants that kind of strap.... err....

tyler1980 · 14 June 2018, 05:43 AM

Quote:

Originally Posted by mattza

These are going for $50,000 to $60,000 now....wow!!! Wish I bought one a few years ago.

did i sleep in too late this morning... 60k? really

Flex368 · 14 June 2018, 05:49 AM

Subscribed. Please post here when the 5711 has reached 100k.

tyler1980 · 14 June 2018, 05:55 AM

Quote:

Originally Posted by Flex368

Subscribed. Please post here when the 5711 has reached 100k.

at this rate just check back in about a month

I still laugh at the $37.5k thread from less than a year ago, when everyone said that was nuts. https://www.rolexforums.com/showthre...97#post7797397

RussW · 14 June 2018, 07:52 AM

Quote:

Originally Posted by tyler1980

at this rate just check back in about a month

I still laugh at the $37.5k thread from less than a year ago, when everyone said that was nuts. https://www.rolexforums.com/showthre...97#post7797397

Post 4 in that thread Oryx posted that Watchfinder had a 2017 model selling for £29.5k. Well, they’ve currently got a 2016 model for £41,950. If they get a 2018 model I reckon that’ll be up for £45k.

Oryx · 14 June 2018, 12:12 PM

It looks like we have reached a high point and are now platauing as the ones Watchfinder have are not selling in a couple of days like they were previously...

Let’s see -the price could be at £50k for a NOS piece this time next year

AshAP · 14 June 2018, 03:33 PM

I wonder how genuine these asking prices are though, don’t accuse me of comparing apples with oranges but a friend of mine recently went to Watchfinder and bought a 40 anniversary Rolex Sub and a Rolex Seadweller 43 and he negotiated a hefty discount for buying both there and then. Maybe they have a huge headline price for the 5711 but they’re happy to drop 20% if necessary?

tyler1980 · 14 June 2018, 03:50 PM

Quote:

Originally Posted by AshAP

I wonder how genuine these asking prices are though, don’t accuse me of comparing apples with oranges but a friend of mine recently went to Watchfinder and bought a 40 anniversary Rolex Sub and a Rolex Seadweller 43 and he negotiated a hefty discount for buying both there and then. Maybe they have a huge headline price for the 5711 but they’re happy to drop 20% if necessary?

on a 5711, i would not hold my breath. WF is high, but its realistic to what other outlets and markets are selling for. Other watches sure you can negotiate with them to a point. I would think they probably wouldn't come down more than 5%, if at all.

GB-man · 14 June 2018, 03:52 PM

Quote:

Originally Posted by tyler1980

at this rate just check back in about a month

I still laugh at the $37.5k thread from less than a year ago, when everyone said that was nuts. https://www.rolexforums.com/showthre...97#post7797397

I don’t even have to read it. I probably said it was nuts then and I think it’s more laughable now.

SearChart · 14 June 2018, 04:08 PM

I resized a 5711 bracelet last week, who TF @ Patek thought it was a good idea to use a pin/bush system in a €28k watch?!?!

tyler1980 · 14 June 2018, 06:01 PM

Quote:

Originally Posted by GB-man

I don’t even have to read it. I probably said it was nuts then and I think it’s more laughable now.

ive stopped trying to pick the market top as i would have thought last year would have been it

tng11 · 14 June 2018, 06:21 PM

Still haven't seen a new 2018 dial 5711 blue up for sale. I expect my jaw to drop when I see it.

9 March 2018, 11:23 AM	#67
FSUGeoff "TRF" Member Join Date: Feb 2017 Real Name: Geoffrey Location: Ft. Lauderdale Watch: the Noles Score! Posts: 638	Honestly since Patek has been mentioned more in rap songs in the last few months, a lot of watches (Nautilus models only)are getting set with diamonds ("bust down" as they say these days), I think the effect this is having on the overall supply (a low production number versus Rolex) cannot be totally diminished. Once the 5711 stops being the "it" watch in hiphop, you will see the artificial prices and availability go back to normal, imo. __________________ Watches: 126600, 116610LV, 116660 D-Blue, 114060, Omega Speedmaster Professional, Breitling SuperOcean

9 March 2018, 06:14 PM	#70
chunkythebulldog "TRF" Member Join Date: Sep 2017 Location: Northern Monkey Posts: 463	Luxe watches in the UK has a 5711/1a for £33995.00 or approx $47593.00, crazy pricing. https://www.luxewatches.co.uk/shop/p...-57111a-010-2/

13 June 2018, 05:02 PM	#76
mattza "TRF" Member Join Date: Feb 2018 Location: South Carolina Posts: 182	These are going for $50,000 to $60,000 now....wow!!! Wish I bought one a few years ago.

14 June 2018, 04:32 AM	#78
iLLGT2 "TRF" Member Join Date: Aug 2011 Real Name: Martin Location: NY And FLA Watch: AP ROO Blue Scuba Posts: 2,694	Insanity, worth it, yeaaaaaaaa NO! Had 5711, 5712 5167 5960p All nice, but weren't worth it years and years ago to me... now is just absurdity Actually, I do think 5960p is a BARGAIN now, compared to steel for 50k+

14 June 2018, 05:49 AM	#81
Flex368 "TRF" Member Join Date: May 2014 Real Name: Felix Location: GMT +1 Watch: Yes! Posts: 2,974	Subscribed. Please post here when the 5711 has reached 100k.

14 June 2018, 12:12 PM	#84
Oryx "TRF" Member Join Date: Sep 2012 Location: London Posts: 1,874	It looks like we have reached a high point and are now platauing as the ones Watchfinder have are not selling in a couple of days like they were previously... Let’s see -the price could be at £50k for a NOS piece this time next year

14 June 2018, 03:33 PM	#85
AshAP "TRF" Member Join Date: Dec 2012 Real Name: Ash Location: UK Watch: AP Royal Oak Posts: 4,544	I wonder how genuine these asking prices are though, don’t accuse me of comparing apples with oranges but a friend of mine recently went to Watchfinder and bought a 40 anniversary Rolex Sub and a Rolex Seadweller 43 and he negotiated a hefty discount for buying both there and then. Maybe they have a huge headline price for the 5711 but they’re happy to drop 20% if necessary?

14 June 2018, 06:21 PM	#90
tng11 "TRF" Member Join Date: Jun 2016 Location: N/A Posts: 3,629	Still haven't seen a new 2018 dial 5711 blue up for sale. I expect my jaw to drop when I see it.

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