5711 in a bubble or the new norm?

[rolexpatek363]

Originally Posted by The Argonaut

Apples and oranges as regards the 5711 and 16610LV. Firstly, there is an overall SS Rolex shortage, and thus some buyers are looking at older Rolex models. The LV fits in here. This does not appear to be the case with would-be PP buyers picking up the PP 3800. There's quite a few of these around for $20-40k. Secondly, the average price of an LV is around $9-13k. Last year, you could pick an LV for around $10k. Thus, the barrier to entry is much lower. In 2017, I saw them for $8k. Thirdly, the expensive LV models have the Flat 4 bezel, which is a collectors piece. There's quite a few of those around. Yes, they are increasing in value, but your average LV wont hit 30k sterling. Flat Four bezel LVs are already knocking on that door. However, I wonder how many are selling. I see lots on Chrono24.

I'm not saying a 5712 wont hit 100k sterling. However, if buyers aren't picking them up at the mid 50k sterling mark, unless PP suddenly discontinues them, I don't see why they would for 100k.

Check current LV asking prices, you are out of date (as I was). They are much more expensive than I thought. I think this thread is not about the 3800.

How do you know nothing is selling, btw? Are you following every ad?