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2 January 2019, 07:07 AM | #31 |
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Breaking Down Hip-Hop's Love For Patek Philippe: https://www.youtube.com/watch?v=-KEsmOmGQLU
https://genius.com/discussions/30149...patek-philippe https://pitchfork.com/levels/objecti...atek-philippe/ |
2 January 2019, 07:11 AM | #32 |
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The simple way to make up your mind: If you (or anyone) can afford it and really want it and don’t want to wait to get it at MSRP, get it now and enjoy it!
Keeping in mind that if the “bubble” bursts, you’ll lose a few grand if and when you decide to sell it. But if someone is willing to pay $45,000 for a $30,000 watch from the get go, then I don’t believe losing a few thousand dollars on a watch you wear and enjoy NOW will really break your bank. You may not be happy about the loss, but it will not hit you hard financially I say the above putting aside whatever anyone believes about paying over MSRP for anything and whether or not you believe watches are a good investment. Also, ignoring FOMO and possible buyers remorse when the honeymoon is over. The more complex way to decide is to add what I ignored and disregarded back into the mix...then it becomes a tougher decision. That’s how I would make up my mind. Sent from my iPhone using Tapatalk
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2 January 2019, 07:25 AM | #33 | |
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i am on this forum doing my due diligence re a very specific piece that i can now assess as grossly overpriced and in nosebleed levels relative the rest of the nautilus bubble heh. i am exceedingly patient. |
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2 January 2019, 07:29 AM | #34 | |
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2 January 2019, 07:52 AM | #35 |
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It’s a great watch - and I love 5711s — but I have to agree with Tyler — I can’t remember ever wanting something bad enough to pay 20% plus above retail—-
If I were looking right now for that reference - I’d hang back a bit and see what happens in 1Q ‘19. Just my .02 Sent from my iPhone using Tapatalk |
2 January 2019, 08:03 AM | #36 |
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Not going up anytime soon. Perhaps a "softening" but certainly not a significant drop.
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2 January 2019, 08:11 AM | #37 |
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I don't have a dog in this hunt, other than it's nice to know that the 5167 I bought two years ago appears to be worth more than I paid for it.
I did recently have an interesting conversation with a collector/trader who owns many millions of dollars in Pateks and is connected with dealers/collectors worldwide. He thinks the current pricing is insanity and his argument for this being a bubble is that he doesn't believe end-users are paying these prices to buy and wear the watches. He thinks the run-up is nothing more than watches moving sideways amongst resellers. He's already being offered pieces at significantly less than the current asking prices on the market, but passing since he just doesn't think there are real buyers at the prevailing asking prices. I'm curious if anyone here knows a buyer who paid $45k for a 5711 recently? |
2 January 2019, 08:16 AM | #38 | |
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2 January 2019, 08:34 AM | #39 | |
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I think you'll need to be very patient indeed. |
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2 January 2019, 08:42 AM | #40 |
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Price has gone up a lot.
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2 January 2019, 09:05 AM | #41 |
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Just an fyi...
David had a unworn 5711 white on his site a few days ago that was $45.5K. Gone in less than 24 hours. |
2 January 2019, 09:14 AM | #42 |
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Barring a worldwide recession or prolonged stock market crash I don't see the trend of stainless steel Patek models decreasing anytime soon. I would be shocked if they didn't increase prices on the aquanauts like they did the nautilus.
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2 January 2019, 09:23 AM | #43 | |
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again, i just shared some opinions and observations. you think the bull run goes on indefinitely? you think these horological trinkets can only go one way and that's up? no problemo. you are right. |
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2 January 2019, 09:51 AM | #44 | |
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All I'm saying is that I think the Nautilus 5711/12 will continue to rise over the next 18 months. It would be the comedy thing to happen, and would add greatly to the gaiety of the nation, IMO. It's just a bit of fun, after all, so let's see... |
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2 January 2019, 09:54 AM | #45 | |
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2 January 2019, 10:09 AM | #46 |
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I personally paid 42k for a white dial 5711 then sold it for the same a few months later. It took some time. Dealer bought it.
I say bubble except not the kind that can shrink to zero. Worst case I think it will always be worth 15-20k. Even in dire economic conditions.
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2 January 2019, 10:14 AM | #47 |
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I sold my 2013 blue dial 5711 privately for $46k a couple of weeks ago. Picked up a 5170p. Not looking back...
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2 January 2019, 10:52 AM | #48 | |
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2 January 2019, 11:07 AM | #49 |
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Price will be able to stay at current level if they get discontinued.
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2 January 2019, 11:56 AM | #50 |
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It's always interesting to re-read this thread again 1 year later and see what is the market price in 2020.
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2 January 2019, 11:56 AM | #51 |
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Any steel nautilus once discontinued will skyrocket. Look at 5980/1a black dial. I used to buy it from AD for just 40k. Regardless of economic issue, 85k is the current asking price.
New 5711 blue (new dial) is selling at 60k here in asian market. 45k is a big bargain. It will go up a lot more. One day sooner or later patek will announce the discontinuation anyway. Good time to buy imo. |
2 January 2019, 12:11 PM | #52 |
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I think this is so subjective... Clearly no one "watch educated" would pay secondary grey pricing for 5711a imo.... Personally I think 30k new msrp is already a tall ask for what it is. For the grey pricing, there are so many better pieces out there you can buy....I think there are people buying at these prices but they are the "I just want the Nautilus because I hear it's the watch to have" type people that have money... So they won't blink at the grey pricing. Don't care where the value goes personally either, up or down....I just know I wouldn't pay this for the 5711a....I got much better choices in my mind for the money.
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2 January 2019, 12:22 PM | #53 | ||
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hang on, i think this ride will continue on for some time. |
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2 January 2019, 12:28 PM | #54 |
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Discontinue this watch Mr. Stern. Fulfill your destiny!
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2 January 2019, 12:31 PM | #55 |
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Seriously? If so, that's what driving prices and the SS squeeze. If $15k over MSRP is considered a bargain, then this bubble still has plenty of air in it.
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2 January 2019, 02:27 PM | #56 | |
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2 January 2019, 04:05 PM | #57 |
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Buy it now and have fun
Worst case you will loose what ? 5k$ ? So what ? If you have the possibility to add your name for a nautilus at your Ad you will wait 5 years... well in 5 years Retail price will be the same price as today at grey market :)) you just lost 5 years of fun !
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2 January 2019, 05:39 PM | #58 | |
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Another interesting data point is there are now 10 5070Ps listed, when there used to be around 3-5 at any given time. Could be the stock market tanking is spooking some people into dumping their high dollar collectibles. As someone who owns both of these models, it's fun to watch them rise in value but the reality is that they can't continue this rate of appreciation and have probably reached a plateau for some time and in the case of the 5711, will come down, especially as the stock market continues to decline -- which it will. |
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2 January 2019, 06:45 PM | #59 |
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Buy it now. The white dial version of the 5711 is a relative bargain. There is always the possibility that, like the 5980, the white dial is cancelled first and then has the smallest production run.
It's a superb watch to wear and if the prices do crash you can then buy a blue dial 5711 and, if things get really cheap, a 3711. |
2 January 2019, 08:20 PM | #60 | |
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