Tiffany limited edition 5711

[noshake]

Originally Posted by martinr

Todays flex.

Wow! That was my first watch ever. My mom saved it all these years and recently gave it back to me. I guess she started me down this journey. I'll skip the TP 5711...20211208_175158.jpg

[dbfagan]

Originally Posted by enjoythemusic

Exactly, PP no longer puts any real effort into... If this was decades ago, Dad Stern would have done something truly special (new movement).




Or we've had the rare PPs, very rare WorldTime dealer-only wall clocks... and now with Kid Stern doing his antics we no longer want to play his child-like games. Over the decades have been offered some mighty rare Pateks from collectors that stay under the radar. While i may be the rare outward voice, there are many more longtimers who feel as i do about Kid Stern's 'leadership' of PP.

PP lost their reputation long ago imho, and this recent trolling by Kid Stern only reinforces our belief of the now-ongoing downhill trajectory of what was, decades ago, the Great House of Patek. Dad Stern would have done something truly special, we all know this, yet Kid Stern chose to use this historic opportunity to troll PP's TIF clients (note i said clients, not horology enthusiasts).

Totally agree.

[Goin2drt]

Now they made an ugly watch even uglier. Make it limited and get social media to have a feeding frenzy.

Not a hater, even if I had the means this would not be on my list. Honestly I will say it and don't care about the flaming. Someone could give me that watch and I wouldn't wear it. I would sell it faster than I could call David SW.

[mjm700]

Brand collaboration is obviously huge right now - brand x + brand y - is everywhere. Patek had a good, tasteful thing going with T&Co. and the small branding on their pieces was a discrete way of distinguishing them. LVMH has collected tons of brands as we all know, each with their own identity and client base.

LV vs Loro Piana. Both produce great products. LV will splash the logo across everything. On the other hand, you are the only one who will know you are wearing LP (perhaps with the exception of the highly publicized summer walk shoes).

PP has aligned more with LP and the understated, tasteful, individualized look. Sure, some of their pieces have become iconic but it’s not their logo. The problem I have is the break with their image towards a more LV, logo in your face type of product. Tiffany blue is their logo, unmistakably. Can care less about the exclusivity or price. If people are smart you will see 150 for sale at auction.

[V25V]

Ugh......

[besiktas]

it is a joke where the market went now, all because of the greedy new rich people that goes and buys everything over price without even caring and f**king the market for the rest of us.. Nautilus should be a 30k watch, not more! only because of some sort of silly trend.

[UmichNJ]

Originally Posted by besiktas

it is a joke where the market went now, all because of the greedy new rich people that goes and buys everything over price without even caring and f**king the market for the rest of us.. Nautilus should be a 30k watch, not more! only because of some sort of silly trend.

I don’t know, part of me is just really fascinated that appreciating fine watches is becoming mainstream. I remember the discussion just a few years ago was about how the Apple Watch would end any interest in watches.

Maybe I hope that some celebrity will get some younger version of myself thinking about that first watch. It might just be a Swatch (as was mine), but it may be their first step in this wonderful hobby. Don’t forget… watch collecting isn’t that far removed from hobbies like stamp or coin collecting, both of which are dying out.

Clearly the most frustrating issue that supply has not kept up with demand in the most desirable brands. I’m hopeful this will get cured over time, with both modest production increases from Patek and Rolex, but perhaps more importantly, shifting preferences to other manufactures and emergent brands.

[qrc36]

Did anybody spot this following passage on page 42 of the latest Patek magazine (Volume IV Number 11)?

... And herein is the key to understanding Patek Philippe's unique position. The company does not treat watchmaking as an extension of the fashion accessory market, nor as a upmarket branded merchandise to tie into a popular cultural franchise; there are neither "collaborations" nor "ambassadors". ...

Scratching my head ... hello, what did you just launch?

[321Forever]

There are better ways to do this than the elitist approach of TS.

PP could have instead created an open edition the standard 5711, with a centrally managed window/slot/lottery to purchase at MSRP. He could have set a production date through 12/2021 and threw more resources in the final year to increase SS supply.

Jan 1 2021: “I’ve decided in the final year to ramp up production. We will kick off a site on Jan 6 where anyone can register to purchase a 5711. On Jan 13 we will close the site. Depending on the number of requests, we will likely use a lottery to match production to requester. I have also shifted resources so we can, for this year only, exceed our standard production. I know that many of you will not be able to purchase a 5711 through this process but, we are working hard to bring this watch to as many of you as we can.”

Context. Moonwatch fans for years wanted Omega to make a Moonwatch with the c321 movement. The excuse was always that the movement was now owned by Richemont or something like that. If you wanted the movement worn on the moon, then you’d need to go vintage. End of story.

In 2019, Omega surprised everyone by recreating the c321 movement. They actually did it! They set up a small atelier with each watch being hand assembled by one watchmaker. So, that’s a gimmick and maybe they squeeze out 2000 of these movements a year.

They first paired it with a platinum case, and an enamel dial with moon rock sub dial surfaces. Not a limited edition, but costing over $50K USD. They referred to this as the first model to use the movement, tipping their hand that something would come later.

A year later in 2020, just before the pandemic, a recreation of the Ed White Moonwatch was created also with the c321 movement. Again, not a limited edition, but more affordable at $14K USD. Dealers took 100% deposits. Customers sat and waited. Watches have slowly trickled out since then.

Note the differences. The creativity was in bringing back the movement. There was no brand tie in. The effort went mainly to helping satisfy the watch lover, not just to the investor/speculator. They didn’t just create a $50K watch, they extended down by a lot. They also could increase supply if they were to create a 3rd model. They haven’t ruled that out forever and ever.

And while all of that was going on, they updated their standard Moonwatch for 2021, which are widely available.

Now some of you may argue that Omega’s niche/DNA is to appeal to a wider group, being part of Swatch. I agree. However, it’s hard to imagine Greg Kissling getting much pleasure creating a tiny dial variant edition to make the Uber rich go nuts.

[Chiboy]

Originally Posted by GoingPlaces

Spoke to my sales person at Tiffanys today. He said he's getting calls from clients across the globe frantic in trying to get one of these watches. Also, has Chinese client with a 4 million Patek history he's trying to help, he said very difficult if even possible.

These mostly will be sold at the higher corporate level, very few at the store level.

I’m starting to doubt my strategy of talking a newbie PP SA into making this my first Patek…

[enjoythemusic]

Love the Mickey timepieces! Historic!

Just got delivery, only 1999 made. Nice 100m WP rating, very solid case, very comfortable bracelet... yet lousy low-end two-year warranty. Fun to wear and fewer of these than... so no worries during a gtg.

The historical significance is incredible when you think about Hamilton's original achievement decades ago. Maybe Patek can one day find their magic they once had decades ago too.

hamilton-psr-mtx-digital-watch.jpg

[pav333hp]

Well it didn't take long for this... flippers going to flip... and this time flip BIG... Jomashop just listed one for $2,500,000... Yep, two and a half MILLION dollars... Now I have no clue if they actually have the watch or just trying to manipulate the market price, but this is pure madness...

https://www.jomashop.com/patek-phili...11-1a-018.html

[besiktas]

paying a stainless steel watch with a regular mechanism 10 times what it is worth is not appreciating, most of those watches end up with people who doesn't know anything about them but posting them online to show off... As a result, real collectors and enthusiasts can not get those.

In what world, a 5711A is more expensive than 5131G? If you said that 6-7 years ago people would laugh at you :)

Originally Posted by UmichNJ

I don’t know, part of me is just really fascinated that appreciating fine watches is becoming mainstream. I remember the discussion just a few years ago was about how the Apple Watch would end any interest in watches.

Maybe I hope that some celebrity will get some younger version of myself thinking about that first watch. It might just be a Swatch (as was mine), but it may be their first step in this wonderful hobby. Don’t forget… watch collecting isn’t that far removed from hobbies like stamp or coin collecting, both of which are dying out.

Clearly the most frustrating issue that supply has not kept up with demand in the most desirable brands. I’m hopeful this will get cured over time, with both modest production increases from Patek and Rolex, but perhaps more importantly, shifting preferences to other manufactures and emergent brands.

[besiktas]

if that watch is actually going for 2,5 million, then the original 5711/1P (not the anniversary version) with 20 pieces worldwide must worth like 5m in my opinion. Silly either way.

Originally Posted by pav333hp

Well it didn't take long for this... flippers going to flip... and this time flip BIG... Jomashop just listed one for $2,500,000... Yep, two and a half MILLION dollars... Now I have no clue if they actually have the watch or just trying to manipulate the market price, but this is pure madness...

https://www.jomashop.com/patek-phili...11-1a-018.html

[szabo_martin]

Comes with free shipping!

[UmichNJ]

Originally Posted by besiktas

paying a stainless steel watch with a regular mechanism 10 times what it is worth is not appreciating, most of those watches end up with people who doesn't know anything about them but posting them online to show off... As a result, real collectors and enthusiasts can not get those.

In what world, a 5711A is more expensive than 5131G? If you said that 6-7 years ago people would laugh at you :)

Agreed, some of the steel premium is just silly. That said, I probably wear my sportier pieces 10x (5711, 5726, 5168, 5164) more than I wear some of my dress pieces (6119, 5196, etc). The sportier pieces fit my young family lifestyle better, so they get more wear.


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[enjoythemusic]

Originally Posted by szabo_martin

Comes with free shipping!

I dunno, sounds like a scam

[Danny83]

Lol I saw it today



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[subtona]

Originally Posted by Danny83

Lol I saw it today [IMG]https://uploads.tapatalk-cdn.com



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Great luck. Looks even better in your pic!

[Murcielagoboy2]

Originally Posted by subtona

Great luck. Looks even better in your pic!

Sorry all, but that dial colour looks ABSOLUTELY DISGUSTING.

[cascavel]

Originally Posted by Chiboy

I’m starting to doubt my strategy of talking a newbie PP SA into making this my first Patek…

What! Don't be a quitter, double down on your efforts. I have a strong feeling about this, you might be successful.

[Dyim]

Just for fun, I reached out to my contact at Tiffany about this.

Basically, Patek will let you know if you are good enough to be offered one.

FWIW, I did get an invite once to a Blue Book event in NY.

There will be people spending 8 figure for one piece of jewellery still won’t be able to get one.

[Rebel]

Wow.

[shinshin]

Originally Posted by Dyim

Just for fun, I reached out to my contact at Tiffany about this.

Basically, Patek will let you know if you are good enough to be offered one.

FWIW, I did get an invite once to a Blue Book event in NY.

There will be people spending 8 figure for one piece of jewellery still won’t be able to get one.

i heard $1b jewelry bundle......

[ts3]

Originally Posted by Dyim

Just for fun, I reached out to my contact at Tiffany about this.

Basically, Patek will let you know if you are good enough to be offered one.

FWIW, I did get an invite once to a Blue Book event in NY.

There will be people spending 8 figure for one piece of jewellery still won’t be able to get one.

Haha. TS said in the interview it is up to Tiffany to decide and Tiffany tell you Patek will let people know... Talk about blame game ...

[GreenLantern]

What a joke.

[PPOnlyT-Stamps]

Originally Posted by besiktas

if that watch is actually going for 2,5 million, then the original 5711/1P (not the anniversary version) with 20 pieces worldwide must worth like 5m in my opinion. Silly either way.

You mean something like this?? There are actually less than a HANDFUL(one hand) of these stamped. May be more produced worldwide but the number that was sold through Tiffany and actually got the T-stamp is definitely not that much…

[Dyim]

Originally Posted by ts3

Haha. TS said in the interview it is up to Tiffany to decide and Tiffany tell you Patek will let people know... Talk about blame game ...

Maybe it could be just my contact trying to preemptively get me off his back. Not that I am going to push for it anyways. Just asking for fun.

I spend enough to get goodies and invites to special events and offer to fly to NY. But I know I am not the top 1% spend. Definitely not top 170.

Needless to say, whoever can get this watch is definitely someone with serious history with either company.

[Climaxoxo]

Originally Posted by Danny83

Lol I saw it today



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Swaggy!

[besiktas]

No I mean the original platinum 5711P without the Tiffany stamp. I didn't even know 5711P has a Tiffany stamped version. or is this a steel model?

Originally Posted by PPOnlyT-Stamps

You mean something like this?? There are actually less than a HANDFUL(one hand) of these stamped. May be more produced worldwide but the number that was sold through Tiffany and actually got the T-stamp is definitely not that much…