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Old 21 September 2018, 02:51 AM   #1
dddrees
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Is the 5711 really a $48,000 Watch?

Doing a search of the For Sale section here it certainly doesn't look like it. I've yet to see any of them actually being sold.


I know the MSRP is much less but difficult to get a hold of. Just kind of curious what people are currently actually paying for them.
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Old 21 September 2018, 03:08 AM   #2
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Zero for me, have no interest in a modern mass produced Patek. Feel the guys here are right, vintage is the way to go (pre 1995 imho).
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Old 21 September 2018, 03:13 AM   #3
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Zero for me, have no interest in a modern mass produced Patek. Feel the guys here are right, vintage is the way to go (pre 1995 imho).

But that's not the question.


Question is what is the real current market value? Not MSRP but what are people actually currently paying for them?
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Old 21 September 2018, 03:15 AM   #4
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5711 not worth over MSRP $29,800.
Patience is great virtue.
Rather wait then spend double. I value my money :)
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Old 21 September 2018, 03:18 AM   #5
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It's the internet, but I've got my fingers crossed and I'm still hoping I'll get an answer. LOL
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Old 21 September 2018, 03:22 AM   #6
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used are going around 45k dan
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Old 21 September 2018, 03:24 AM   #7
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used are going around 45k dan
Thank you David.
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Old 21 September 2018, 03:27 AM   #8
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Thank you David.
of course my friend hope all is well.

BTW 45k should be dated 2015 or later
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Old 21 September 2018, 03:34 AM   #9
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of course my friend hope all is well.

BTW 45k should be dated 2015 or later

It is, and I hope the same for you.


So date matters. Why so, and what does that mean for 5711s let say from 2005 to 2015?
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Old 21 September 2018, 03:45 AM   #10
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It is, and I hope the same for you.

So date matters. Why so, and what does that mean for 5711s let say from 2005 to 2015?
Everything is good here :) just finished my latest house flip and going to put it on the market soon and that has been taking up a tremendous amount of my time the last 6-8 months glad to be spending more time on TRF again.

when people are paying such a huge premium over retail they want something late dated. If its not then a small albeit very small discount off the 45k would be in order in todays market
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Old 21 September 2018, 03:47 AM   #11
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when people are paying such a huge premium over retail they want something late dated. If its not then a small albeit very small discount off the 45k would be in order in todays market

I thought that might be it, but because I didn't know for sure I would go ahead and ask.



Thanks again David, very helpful.
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Old 21 September 2018, 03:47 AM   #12
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great watch, but no not for that price. Thats used datograph prices
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Old 21 September 2018, 03:49 AM   #13
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I thought that might be it, but because I didn't know for sure I would go ahead and ask.



Thanks again David, very helpful.
of course Dan always happy to help you if I can
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Old 21 September 2018, 03:55 AM   #14
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Zero chance I would pay what sellers are asking for it, absolutely bonkers people will pay that sort of premium. But guess people do......
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Old 21 September 2018, 04:11 AM   #15
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Thats used datograph prices
and if u look hard enough...very close to NEW dato prices!
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Old 21 September 2018, 04:25 AM   #16
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and if u look hard enough...very close to NEW dato prices!
that is exactly what i want to hear. However Pt up down is what i would love to have vs the RG. At that price i would wouldn't think twice.
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Old 21 September 2018, 04:26 AM   #17
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Depends on buyer and seller I guess. I wouldn’t sell either of mine for $48k.

Oh, and wait until they’re discontinued.
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Old 21 September 2018, 05:00 AM   #18
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There is always two ways to look at a watch's worth. The intrinsic worth and the commercial worth. Just the watch alone, its not worth 48k. Heck, its not even worth the msrp without the Patek name. But commercially yes bec this is what the market apparently is willing to pay for.
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Old 21 September 2018, 05:23 AM   #19
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Intrinsically, no, not to me. There are plenty of other watches I'd rather have than the 5711 at that price point. 5712 is one of them for instance, as they seem to be at that price these days too. Datograph is another one of those pieces.

But the power of the market says otherwise, what do I know.
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Old 21 September 2018, 05:26 AM   #20
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I didn't think so. Then I found out they have a loud movement. Now, I REALLY don't think so. They are beautiful watches, so they are worth it to some people
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Old 21 September 2018, 05:35 AM   #21
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It is a lot of money for sure. But if we stick to the 'watch world', perhaps the main question is: can you buy a nicer watch for that price? For me, the only watch below 90k/100k that I prefer over the white 5711 is the 5712/1A. I just can't think of any watch I would rather have for the sort of money.
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Old 21 September 2018, 05:43 AM   #22
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It is a lot of money for sure. But if we stick to the 'watch world', perhaps the main question is: can you buy a nicer watch for that price? For me, the only watch below 90k/100k that I prefer over the white 5711 is the 5712/1A. I just can't think of any watch I would rather have for the sort of money.
There is no question you absolutely can. But that does not mean it's what the heart wants. You have to buy what you want not what is logical. No room for logic in this hobby.
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Old 21 September 2018, 05:56 AM   #23
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The datograph - even the 39mm is immensely difficult to wear comfortably for a 6.5 inch wrist or smaller.

At 40mm, the 5711 fits all male wrist sizes across all cultures...China and Asia especially.

Demand is there, the watch is pretty damn awesome. Think about what you pay for movement finishing - you kind of get that on the outside with the bracelet and case.

120m water resistance, universal adoration from both watch collectors and non-watch collectors.

$48k is fair imho and likely to go up if supply stays the same.
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Old 21 September 2018, 06:13 AM   #24
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Is any watch actually "worth" 48 large
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Old 21 September 2018, 06:28 AM   #25
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There is no question you absolutely can. But that does not mean it's what the heart wants. You have to buy what you want not what is logical. No room for logic in this hobby.
I may sound a bit as a chicken or egg point, but if that is not 'what the heart wants', it is not a 'nicer watch' from the buyer's perspective. All that to say that, yes, the 5711/2 worth the current market price.
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Old 21 September 2018, 06:30 AM   #26
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Not getting all the 5711 hate these last few weeks. If you don't like it you don't buy it, I love Rolex but don't like the look of all their models. I love my 5711 and wouldn't sell it for 45k, goes both ways. If I can sell my bic pen for a million dollars I can say its a million dollar pen. Its what someone wants to pay. If you want a blue 5711 unless you have connections you cant buy one, so for some the premium is worth it. Look at the car market, limited production cars like the LaFerrari, Porsche GT2rs etc are going well over list, same deal.
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Old 21 September 2018, 06:31 AM   #27
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of course my friend hope all is well.

BTW 45k should be dated 2015 or later
Ball park bid/ask spread for dealers?
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Old 21 September 2018, 06:36 AM   #28
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There is always two ways to look at a watch's worth. The intrinsic worth and the commercial worth. Just the watch alone, its not worth 48k. Heck, its not even worth the msrp without the Patek name. But commercially yes bec this is what the market apparently is willing to pay for.
Exactly right. Vintage Daytonas are a prime example of this. They are at best a £9k watch, but due to rarity / collectibility they go for £100k or more.

Interesting how hype around a watch can change your perception of it. Until last year I was not interested in the 5711 - now I’m on a waiting list to get one, and my opinion right now is that it’s a fantastic watch. If you could just walk into an AD and buy one I doubt I’d still be interested.
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Old 21 September 2018, 06:39 AM   #29
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Once you get that baby and its on your wrist you'll be happy you got it. Same is going on with the jubilee BLRO.. at 10K its an AMAZING watch, for 20 its not worth it to me, to many it is.. to have the hottest watch. Sadly most people that bought them from the AD cared about one thing... flipping it
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Old 21 September 2018, 06:44 AM   #30
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I couldn't bring myself to buy when their retail was £19K or even when their retail price was cut, and now they are going for over £40K.
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