The Rolex Forums   The Rolex Watch

ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX


Go Back   Rolex Forums - Rolex Watch Forum > Other (non-Rolex) Watch Topics > Patek Philippe Discussion Forum

Reply
 
Thread Tools Display Modes
Old 26 May 2018, 11:43 AM   #1
wisguy
"TRF" Member
 
Join Date: Apr 2010
Location: Earth
Posts: 2,406
5711 and Platona prices are getting so close...

I’ve seen preowned Platonas around 55k, a bit more than some 5711s... now that’s a tough one!

For the money, I think I would go Platona.

Prices continue to get out of whack, lucky for me my 5167 and 15202 are starting to get out of whack as well, being a flipper this is most welcome.
__________________
5230G / 5146G / 124060 / BB58 / '59 Constellation
wisguy is offline   Reply With Quote
Old 26 May 2018, 11:45 AM   #2
dmash
"TRF" Member
 
dmash's Avatar
 
Join Date: Feb 2017
Location: USA <> BKK
Posts: 5,912
You have mental issues if you drop $55k on a used 5711.

*Unless you're making 7 figures, at that point, who cares.
dmash is offline   Reply With Quote
Old 26 May 2018, 11:56 AM   #3
Ichiran
2024 Pledge Member
 
Ichiran's Avatar
 
Join Date: Jan 2018
Real Name: Michael
Location: Dotonbori
Watch: Mostly blue dials
Posts: 7,512
I would choose a 5711 over a platona any day, any time.
Ichiran is offline   Reply With Quote
Old 26 May 2018, 01:25 PM   #4
osamu
"TRF" Member
 
Join Date: Nov 2013
Location: Honolulu
Posts: 1,322
wow 50k for a 5711... well at least makes the 5712, 5726, 5980, and 5990 pretty reasonable by comparison.
osamu is offline   Reply With Quote
Old 26 May 2018, 01:37 PM   #5
4srolex
"TRF" Member
 
4srolex's Avatar
 
Join Date: Dec 2014
Location: West Coast
Watch: Gears in motion
Posts: 572
Especially when the SRP on the 5711 was under 25k at the end of the year. Wow

Quote:
Originally Posted by dmash View Post
You have mental issues if you drop $55k on a used 5711.

*Unless you're making 7 figures, at that point, who cares.
__________________
Rolex, Zenith, Omega, Tag Heuer

When people ask how was your day? I tell them: "Same circus just different clowns!"
4srolex is offline   Reply With Quote
Old 26 May 2018, 01:37 PM   #6
chad362wiley
"TRF" Member
 
Join Date: Aug 2017
Location: N/A
Posts: 1,218
preowned plat daytonas are under 50 it seems. the 5711 outpaced it
__________________
116506
chad362wiley is offline   Reply With Quote
Old 26 May 2018, 02:03 PM   #7
Masteryacht
"TRF" Member
 
Masteryacht's Avatar
 
Join Date: Jul 2016
Location: USA
Watch: 16622,BLNR,116500
Posts: 968
I get the whole “Patek” thing, I really do. I even have a vintage calatrava. Two things I do not get are the aquanaut and nautilus. I’ve seen them in the metal many times as I have two friends that own the pair between them. I'm not so surprised that I don’t care for the styles, I’m just baffled that they are so popular and cost so damn much.
Masteryacht is offline   Reply With Quote
Old 26 May 2018, 02:09 PM   #8
soundserious
"TRF" Member
 
Join Date: Aug 2011
Location: usofmfa
Posts: 3,157
Which one will be worth more in 5 years? In 2 years? In 2 months? The answer is rather obvious isn’t it?
__________________
Instagram: soundsoserious
soundserious is offline   Reply With Quote
Old 26 May 2018, 02:13 PM   #9
WJGESQ
Banned
 
Join Date: Jan 2008
Location: Florida
Posts: 3,753
Daytona a more solid bet for value retention.
WJGESQ is offline   Reply With Quote
Old 26 May 2018, 02:15 PM   #10
springbar
"TRF" Member
 
Join Date: Mar 2010
Location: Bay Area, Ca
Watch: 116400GV
Posts: 834
Quote:
Originally Posted by Masteryacht View Post
I get the whole “Patek” thing, I really do. I even have a vintage calatrava. Two things I do not get are the aquanaut and nautilus. I’ve seen them in the metal many times as I have two friends that own the pair between them. I'm not so surprised that I don’t care for the styles, I’m just baffled that they are so popular and cost so damn much.
I'm in the same boat. Those two watches are the least Patek-like Pateks, if you will, and the most Rolex-like, so that must have something to do with their appeal here. If you see reference to a Patek on this forum, it's almost certainly going to be a Nautilus or an Aquanaut.

Maybe there's a Patek forum someplace where everyone gets excited about Rolex Cellinis.
springbar is offline   Reply With Quote
Old 26 May 2018, 03:19 PM   #11
MBYSF
"TRF" Member
 
MBYSF's Avatar
 
Join Date: Oct 2014
Location: LA / HI
Watch: Rolex / Patek
Posts: 475
Great for me, value wise, but still insane IMO....
__________________
Spread Aloha,
-MB
MBYSF is offline   Reply With Quote
Old 26 May 2018, 03:45 PM   #12
RollieRoll
Banned
 
Join Date: Dec 2017
Location: US
Posts: 658
Quote:
Originally Posted by WJGESQ View Post
Daytona a more solid bet for value retention.
This is funny... Are you serious?
RollieRoll is offline   Reply With Quote
Old 26 May 2018, 05:34 PM   #13
douglasf13
"TRF" Member
 
douglasf13's Avatar
 
Join Date: Sep 2011
Location: USA
Posts: 5,615
Quote:
Originally Posted by Masteryacht View Post
I get the whole “Patek” thing, I really do. I even have a vintage calatrava. Two things I do not get are the aquanaut and nautilus. I’ve seen them in the metal many times as I have two friends that own the pair between them. I'm not so surprised that I don’t care for the styles, I’m just baffled that they are so popular and cost so damn much.
If I could have one new watch at any price under $50k, it might be an Aquanaut of some type. I love that watch, and it works for everything.
douglasf13 is offline   Reply With Quote
Old 26 May 2018, 05:41 PM   #14
tyler1980
"TRF" Member
 
tyler1980's Avatar
 
Join Date: Apr 2015
Location: Houston
Posts: 17,622
a platinum daytona is a 12k watch made in Platinum a 5711 is a 30K retail watch selling for 50k. I cant see how the 5711 is still not considered a better value.
One is deeply discounted and the other isnt. that also says a lot.
__________________
Instagram: tyler.watches
current collection: Patek 5164A, Patek 5524G, Rolex Platinum Daytona 116506, Rolex Sea Dweller 43 126600, Rolex GMT II 116710LN, AP 15400ST (silver), Panerai 913, Omega Speedmaster moonwatch, Tudor Black Bay (Harrods Edition)
tyler1980 is offline   Reply With Quote
Old 26 May 2018, 08:23 PM   #15
dmash
"TRF" Member
 
dmash's Avatar
 
Join Date: Feb 2017
Location: USA <> BKK
Posts: 5,912
Quote:
Originally Posted by WJGESQ View Post
Daytona a more solid bet for value retention.
100% agree with this when comparing SS to SS at current grey values.

In 5 years, I definitely believe a $55k 5711 will dip in value much more than a $20k DaytonaC. I mean, one must remember that a Daytona has been around MSRP for quite some time (or even higher) and WAY more people buy Rolex. A Nautilus just a few years ago could be bought at a discount. Even if pigs fly and this market doesn’t come crashing along with the economy, the 5711 is still going to and it will snowball down faster than anything ever seen before. Not saying it will dip below MSRP, but you’re still talking about it taking a $25k bath. That’s insanity.

All the naysayers can disagree but Patek is purely hyped by social media and rapper right now. Hardly any ‘normal’ Person even knew of Patek 5 years ago. The thing is, the trend won’t be cool in 5 years, Hypebeasts don’t want stuff that was cool 3-4 years prior, it has to constantly evolve and change. When Normal Norm is aware of and buying the ‘hot stuff’.....it’s no longer cool, at all. You’ll see the wait lists diminish, and fast.

And I will welcome this with open arms so I can waltz into my local Patek dealer and say ‘I want that one’ and strap a blue Nautilus to my wrist.
dmash is offline   Reply With Quote
Old 26 May 2018, 10:19 PM   #16
jrs146
"TRF" Member
 
jrs146's Avatar
 
Join Date: Aug 2011
Real Name: Josh
Location: Lost in time
Watch: Me Nae Nae
Posts: 9,821
Quote:
Originally Posted by tyler1980 View Post
a platinum daytona is a 12k watch made in Platinum a 5711 is a 30K retail watch selling for 50k. I cant see how the 5711 is still not considered a better value.
One is deeply discounted and the other isnt. that also says a lot.


Hard to argue with that.

I’ve come realize, especially in this market, it’s not what you pay... but what it’s worth. And (at least right now) a 5711 is worth a hefty premium over MSRP. A Daytona isn’t. The market will ultimately determine which is a better value in the long run. If I were a betting man though I’d be putting my money on the Patek.


Sent from my iPhone using Tapatalk
__________________
"Sometimes the songs that we hear are just songs of our own."
-Jerome J. Garcia, Robert C. Hunter
jrs146 is offline   Reply With Quote
Old 26 May 2018, 10:22 PM   #17
codecow
"TRF" Member
 
Join Date: Feb 2013
Real Name: Louis
Location: Bay Area, CA
Watch: PP 5131R
Posts: 4,744
They're very different and not really comparable other than price. With that said if I could only have one I'd take the 5711.
codecow is offline   Reply With Quote
Old 26 May 2018, 10:28 PM   #18
tchaic
"TRF" Member
 
Join Date: Sep 2015
Real Name: Chris
Location: USA
Watch: Tag Heuer 2000
Posts: 490
I’m surprised people consider these watches different. I’d wear either under same circumstances. Both sporty watches you can dress up a little. I probably take Platinum Daytona at current 5711 prices. But honestly I’d take steel Daytona and save the $$$. All amazing watches!
tchaic is offline   Reply With Quote
Old 26 May 2018, 10:29 PM   #19
Oryx
"TRF" Member
 
Join Date: Sep 2012
Location: London
Posts: 1,866
Quote:
Originally Posted by dmash View Post
100% agree with this when comparing SS to SS at current grey values.

In 5 years, I definitely believe a $55k 5711 will dip in value much more than a $20k DaytonaC. I mean, one must remember that a Daytona has been around MSRP for quite some time (or even higher) and WAY more people buy Rolex. A Nautilus just a few years ago could be bought at a discount. Even if pigs fly and this market doesn’t come crashing along with the economy, the 5711 is still going to and it will snowball down faster than anything ever seen before. Not saying it will dip below MSRP, but you’re still talking about it taking a $25k bath. That’s insanity.

All the naysayers can disagree but Patek is purely hyped by social media and rapper right now. Hardly any ‘normal’ Person even knew of Patek 5 years ago. The thing is, the trend won’t be cool in 5 years, Hypebeasts don’t want stuff that was cool 3-4 years prior, it has to constantly evolve and change. When Normal Norm is aware of and buying the ‘hot stuff’.....it’s no longer cool, at all. You’ll see the wait lists diminish, and fast.

And I will welcome this with open arms so I can waltz into my local Patek dealer and say ‘I want that one’ and strap a blue Nautilus to my wrist.
No sure I agree with your logic here - the increase in demand is not purely a function of rappers wearing the watch etc. Unlike other brands Patek will not increase production of stainless steel sports models which will mean that the increase in demand will translate directly to longer waiting list and very strong residual values.

This to me is a self perpetuating cycle - as more people realise it is so hard to get a 5711 at list price they will either wait or pay a premium to have it on their wrists ASAP.

This is pretty much the same as what has happened with Rolex Daytona’s such as the 16520 Zenith and more recently with the 116500.

This doesn’t look like a bubble to me...
Oryx is offline   Reply With Quote
Old 26 May 2018, 10:33 PM   #20
kultschar
"TRF" Member
 
kultschar's Avatar
 
Join Date: Sep 2011
Location: End of the World
Watch: PP & Rolex
Posts: 1,970
I dont see the Platona being a classic down the line in terms of its SS counterpart and 5711.

However in saying that its best to buy what one likes, I prefer the white 116500 over the Platona so would rather keep the $$$
kultschar is offline   Reply With Quote
Old 26 May 2018, 10:36 PM   #21
brandrea
2024 Pledge Member
 
brandrea's Avatar
 
Join Date: Jul 2013
Real Name: Brian (TBone)
Location: canada
Watch: es make me smile
Posts: 73,115
Quote:
Originally Posted by tyler1980 View Post
a platinum daytona is a 12k watch made in Platinum a 5711 is a 30K retail watch selling for 50k. I cant see how the 5711 is still not considered a better value.
One is deeply discounted and the other isnt. that also says a lot.
I get where you’re coming from on that point

However, for a watch made of solid platinum, the Daytona is a pretty good value at the discounted price
brandrea is online now   Reply With Quote
Old 26 May 2018, 10:47 PM   #22
tyler1980
"TRF" Member
 
tyler1980's Avatar
 
Join Date: Apr 2015
Location: Houston
Posts: 17,622
Quote:
Originally Posted by brandrea View Post
I get where you’re coming from on that point

However, for a watch made of solid platinum, the Daytona is a pretty good value at the discounted price
i actually really like it, minus the bezel color. If not for that i would be more drawn to it. Some people like it, i just have never come around on that.
__________________
Instagram: tyler.watches
current collection: Patek 5164A, Patek 5524G, Rolex Platinum Daytona 116506, Rolex Sea Dweller 43 126600, Rolex GMT II 116710LN, AP 15400ST (silver), Panerai 913, Omega Speedmaster moonwatch, Tudor Black Bay (Harrods Edition)
tyler1980 is offline   Reply With Quote
Old 26 May 2018, 10:51 PM   #23
AK797
2024 Pledge Member
 
AK797's Avatar
 
Join Date: Feb 2010
Real Name: Neil
Location: UK
Watch: ing ships roll in
Posts: 59,066
I love the ice blue dial of the Platona, more than the steel blue of the 5711a, and the platinum, but not so keen on the brown or the owl subdials, and prefer the design of the rounded octagon... so I'm on the fence really. If only one had no brown and/or the other had the new vibrant blue dial.
AK797 is offline   Reply With Quote
Old 26 May 2018, 11:18 PM   #24
ap1
2024 Pledge Member
 
Join Date: Mar 2013
Location: usa
Posts: 18,975
Quote:
Originally Posted by douglasf13 View Post
If I could have one new watch at any price under $50k, it might be an Aquanaut of some type. I love that watch, and it works for everything.
Chrono!
ap1 is online now   Reply With Quote
Old 26 May 2018, 11:19 PM   #25
ap1
2024 Pledge Member
 
Join Date: Mar 2013
Location: usa
Posts: 18,975
D500 and 5711 from AD is the direction I’d go. That’s 43k
ap1 is online now   Reply With Quote
Old 26 May 2018, 11:24 PM   #26
tyler1980
"TRF" Member
 
tyler1980's Avatar
 
Join Date: Apr 2015
Location: Houston
Posts: 17,622
Quote:
Originally Posted by ap1 View Post
Chrono!
yep. that one has been keeping me up at night. Love it and i cant bear the thought of getting rid of my 5164. Both though is way too redundant for me.
__________________
Instagram: tyler.watches
current collection: Patek 5164A, Patek 5524G, Rolex Platinum Daytona 116506, Rolex Sea Dweller 43 126600, Rolex GMT II 116710LN, AP 15400ST (silver), Panerai 913, Omega Speedmaster moonwatch, Tudor Black Bay (Harrods Edition)
tyler1980 is offline   Reply With Quote
Old 26 May 2018, 11:26 PM   #27
ap1
2024 Pledge Member
 
Join Date: Mar 2013
Location: usa
Posts: 18,975
Quote:
Originally Posted by tyler1980 View Post
yep. that one has been keeping me up at night. Love it and i cant bear the thought of getting rid of my 5164. Both though is way too redundant for me.
You have the wrist for it........I my 64 but it’s clearly MAX for my girlie wrist. Cala is dual time too so could make sense. Oh and 5990 so I’d say you have that function covered!
ap1 is online now   Reply With Quote
Old 26 May 2018, 11:51 PM   #28
Calatrava r
2024 Pledge Member
 
Join Date: Mar 2017
Location: United States
Watch: Rolex and Patek
Posts: 10,518
Quote:
Originally Posted by RollieRoll View Post
This is funny... Are you serious?
If you get in at 30K maybe.
Calatrava r is online now   Reply With Quote
Old 26 May 2018, 11:56 PM   #29
Basel_World
Banned
 
Join Date: May 2018
Posts: 68
Quote:
Originally Posted by WJGESQ View Post
Daytona a more solid bet for value retention.


You can‘t be serious...
Basel_World is offline   Reply With Quote
Old 27 May 2018, 12:12 AM   #30
ECLS18
"TRF" Member
 
Join Date: Jun 2017
Location: Vancouver BC
Posts: 58
Quote:
Originally Posted by Oryx View Post
No sure I agree with your logic here - the increase in demand is not purely a function of rappers wearing the watch etc. Unlike other brands Patek will not increase production of stainless steel sports models which will mean that the increase in demand will translate directly to longer waiting list and very strong residual values.



This to me is a self perpetuating cycle - as more people realise it is so hard to get a 5711 at list price they will either wait or pay a premium to have it on their wrists ASAP.



This is pretty much the same as what has happened with Rolex Daytona’s such as the 16520 Zenith and more recently with the 116500.



This doesn’t look like a bubble to me...


Actually I agree with dmash. I did want to get a 5711 because it’s a beautiful piece not because it’s rare (due to lack of supply). However the current stock out has put me off. And I won’t be making other attempts to get one. Im also not a person who would pay a premium for a watch. I also think it’s the brands responsibility to ensure that they have just about enough stock so that buyers don’t go through hoops trying to buy their products. Long term this is what disengages customers. Don’t know if the hype will end but the current situation is disappointing.


Sent from my iPhone using Tapatalk
ECLS18 is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Takuya Watches

Bobs Watches

Asset Appeal

My Watch LLC

OCWatches

DavidSW Watches

Coronet


*Banners Of The Month*
This space is provided to horological resources.





Copyright ©2004-2024, The Rolex Forums. All Rights Reserved.

ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX

Rolex is a registered trademark of ROLEX USA. The Rolex Forums is not affiliated with ROLEX USA in any way.