Good Deal? 5167A / Tiffany

[drawp28]

Hey guys/gals,

Quick Q - was wondering if a 5167A / Tiffany (full set) for 84k is a good deal. Would love to hear your thoughts before making any contact.

Thanks all and happy holidays!

[HMHM]

No…. The “Tiffany” premium is too high. A 5167A without the Tiffany signature on the dial can be bought for much lower price.

[Armis]

Originally Posted by drawp28

Hey guys/gals,

Quick Q - was wondering if a 5167A / Tiffany (full set) for 84k is a good deal. Would love to hear your thoughts before making any contact.

Thanks all and happy holidays!

What is the current market price for the normal 5167a? I took a peek at C24 but the prices seem all over the place. But if I’m using a quick average of what I saw, it seems that the Tiffany signature is an extra $20k premium, at least. It just strikes me as being a big chunk of change that you could put towards something better IMHO.

[drawp28]

Originally Posted by Armis

What is the current market price for the normal 5167a? I took a peek at C24 but the prices seem all over the place. But if I’m using a quick average of what I saw, it seems that the Tiffany signature is an extra $20k premium, at least. It just strikes me as being a big chunk of change that you could put towards something better IMHO.

The 5167A / Tiffany seems like a nice entry to get started in collecting those extra rare patek pieces but I get what you mean - I guess the questions I gotta ask myself are is the 5167A / Tiffany worth the extra ~20k premium or is it worth waiting for a 5711 / Tiffany at the right price instead.

[drawp28]

Originally Posted by HMHM

No…. The “Tiffany” premium is too high. A 5167A without the Tiffany signature on the dial can be bought for much lower price.

What would you say is a fair offer for the Tiffany premium on a 5167A?

[epicurus]

if you think a womans jewelry retailer stamp merits $20k more, id say thats crazy.....when you can add a travel time complication with the 5164a for roughly the same. its your money though....im sure your friends will all be impressed by that little Tiffany stamp.

[HMHM]

Originally Posted by drawp28

What would you say is a fair offer for the Tiffany premium on a 5167A?

What I meant was that the Tiffany is not worth 30k over a normal 5167A. I saw one non-Tiffany 5167A for 54k USD if I remember correctly on tropical watch. Is that “Tiffany” stamp worth extra 30k? I don’t think so.

I think it’s a bad idea to get anything Tiffany stamped on the grey market. If getting it from Tiffany directly it’s a different story, but I’m also not a fan of cluttering the dial with a jewellery brand, despite its rarity and premium on the grey market. I would say it’s pretty much up to you at this point but I suspect the dealer would not be lowering his price any further. So 84k is your buy or move on price.

[Russell996]

I wouldn’t pay any premium for Tiffany, simply don’t understand why anyone thinks it adds value.

[cascavel]

I love these discussions! Absolutely nothing in the luxury watch market is worth what it sells for. None of these things have any utility, the prices are all notional. If you follow the logic that a T dial Patek should have no premium then why should a blue dial sell for more than a white dial? Preference and rarity dictate price, and rarity is secondary otherwise a white dial 5711/1a would carry a premium to blue, but it don't. A stainless watch would always sell for less than the same watch in gold, platinum would always sell for less than gold and no one would buy an old Daytona when they could buy a new one for the same price.
If you want a Tiffany signed Patek it's going to carry a premium to the same watch without the T signature. Twenty to thirty thousand premium for the 5167a is where this trades. The premium expands when the price of the underlying watch rises.
If you want a T dial 5167a $84K probably isn't a bad deal for a full set (a must) in excellent condition.

[jfriedkin]

Prior to the Hype a double stamped dial was worth about 10% more on average.

Now not only do you have the hype of the 5167, but the Tiffany dials have also been hyped.

[sigma089]

Originally Posted by Russell996

I wouldn’t pay any premium for Tiffany, simply don’t understand why anyone thinks it adds value.

Because there are less of them around than single-signed pieces.

Personally I wouldn't pay more than a 15 percent premium for one. I'd also much rather spend money on a more complicated standard 5164a than a three hand Tiffany 5167a.

On another note I don't understand why Tiffany doesn't always have their name in the bottom part of the dial. In the 5164a for example Tiffany is printed right below Patek. I don't like that, to me this look way too cluttered. Imo there would have been room in the date circle. On the 5167s or 5711s it's in the bottom half, which looks substantially better to me.

[cascavel]

Originally Posted by jfriedkin

Prior to the Hype a double stamped dial was worth about 10% more on average.

Now not only do you have the hype of the 5167, but the Tiffany dials have also been hyped.

You're 100% correct. Prior to the Hype I could walk into Tiffany (Tiffany wouldn't discount) and buy a 5167/1A at MSRP or go to Wempe or Tourneau and get one 15% off MSRP.

[V25V]

I will never understand this obsession with the Tiffany stamp. Who cares..... so no, absolutely not worth it to me.

[uniqueMR]

Only at retail.
If you are going to buy pre-owned: buy 5711.

[drawp28]

Originally Posted by uniqueMR

Only at retail.
If you are going to buy pre-owned: buy 5711.

I'm leaning more towards this idea after this discussion, thanks all!

[dauster]

Originally Posted by drawp28

Hey guys/gals,

Quick Q - was wondering if a 5167A / Tiffany (full set) for 84k is a good deal. Would love to hear your thoughts before making any contact.

Thanks all and happy holidays!

Saw one at Nashville watch for months sitting at this price - I wouldn’t buy it imo way overpriced- regular 5167A should be low 50s and I would not even pay that. Regular 5712-1A is trading right below 100k maybe closer to 90k I’d rather grab that and I don’t think there is anyone out there that thinks differently


Sent from my iPhone using Tapatalk

[Russell996]

Originally Posted by sigma089

Because there are less of them around than single-signed pieces.

Personally I wouldn't pay more than a 15 percent premium for one. I'd also much rather spend money on a more complicated standard 5164a than a three hand Tiffany 5167a.

On another note I don't understand why Tiffany doesn't always have their name in the bottom part of the dial. In the 5164a for example Tiffany is printed right below Patek. I don't like that, to me this look way too cluttered. Imo there would have been room in the date circle. On the 5167s or 5711s it's in the bottom half, which looks substantially better to me.

My AD sells far fewer pieces than Tiffany

[huncho]

20k premium for a tiffany stamp is peak insanity to me. that's not even considering paying 87k for a steel 3 hander with only a date complication on rubber. at that point i would just go for a 5711 because i think there's just much more value in that at that price range

Originally Posted by dauster

Saw one at Nashville watch for months sitting at this price - I wouldn’t buy it imo way overpriced- regular 5167A should be low 50s and I would not even pay that. Regular 5712-1A is trading right below 100k maybe closer to 90k I’d rather grab that and I don’t think there is anyone out there that thinks differently


Sent from my iPhone using Tapatalk

yup a 5712 at around the same price is a no brainer in this case

[GB-man]

But guys....John Mayer said..."look closer"

[epicurus]

Originally Posted by dauster

Saw one at Nashville watch for months sitting at this price - I wouldn’t buy it imo way overpriced- regular 5167A should be low 50s and I would not even pay that. Regular 5712-1A is trading right below 100k maybe closer to 90k I’d rather grab that and I don’t think there is anyone out there that thinks differently


Sent from my iPhone using Tapatalk

5712 all day. or 5164a to stay in Aquanaut series

[drawp28]

Originally Posted by epicurus

5712 all day. or 5164a to stay in Aquanaut series

I did notice 5712’s creeping down lately - hmmm decisions… decisions..

[drawp28]

Originally Posted by dauster

Saw one at Nashville watch for months sitting at this price - I wouldn’t buy it imo way overpriced- regular 5167A should be low 50s and I would not even pay that. Regular 5712-1A is trading right below 100k maybe closer to 90k I’d rather grab that and I don’t think there is anyone out there that thinks differently


Sent from my iPhone using Tapatalk

Haha - I think its the same one.. been looking at the one Chase has up.

[gregvisser]

My view is that 10-20% nowadays feels reasonable for the Tiffany dial. In the crazy days it was 50% plus.

Greg

[SoylentGreenChi]

I think Tiffany branding diminishes the Patek, do not get it at all.

[francoamerican]

I think I can see the appeal of having something “even more exclusive” but I don’t shop high end at Tiffany and so for me it’s sort of like buying an expensive membership card for a club I don’t belong to. Some things can’t be bought.