5711 prices

[Patek_collector]

i have given up on finding a blue 5711 at retail. i am planning to go to grey but nothing new trustable below $70K. any hope for a price softening here? what do you guys think? the price did not move an inch down for at least 7-8 months now.
thanks for your feedback.

[locutus49]

People will obsess over prices and the slightest drop due to fluctuation will be interpreted as the bubble bursting. If it were me I would buy the best condition one you can afford and enjoy it. If prices then drop, so be it. As long as you don't sell it won't matter. And if prices rise you may feel good but again if you don't sell it won't matter.

[martinr]

Buying a 30K watch for 70K is insanity but it’s your money.

[GB-man]

Originally Posted by Patek_collector

i have given up on finding a blue 5711 at retail. i am planning to go to grey but nothing new trustable below $70K. any hope for a price softening here? what do you guys think? the price did not move an inch down for at least 7-8 months now.
thanks for your feedback.

k2 luxury has one listed at 66,200 right now NIB. They are very trustworthy and have a presence in Dubai.

[unknown]

Originally Posted by martinr

Buying a 30K watch for 70K is insanity but it’s your money.

Are you sure?

I made this mistake 2-3 years ago.
A friend of me told me he wanted a 5711 list was about 22k euro back the. And secondhand it was more or less 33
He was complaining he could not get one from the AD and was about to buy one second hand.
I told him better not to cause euro 33 k was imo too much for a 22k watch

He did not listen 😁 and bought one for 33k

Today he could sell it for 55k euro .....

I guess I was wrong and he was right

And nobody knows what the price will be in 2022....
Could be 40-50 k
Could be 100k. I know 100k sounds ridiculous but in 2016 predicting that the nautilus would go from 33 to 60 within 3 years was also stupidly... but it did

[Bearxj86]

The 5711 is a classic. I cannot speak for any other Nautilus but it is the quintessential nautilus. Do not worry about valuation - just buy it if you like it especially if you are going to wear it for many years to come.

[Calatrava r]

Originally Posted by martinr

Buying a 30K watch for 70K is insanity but it’s your money.

My thoughts also on this.

[Token74]

Originally Posted by unknown

Are you sure?



I made this mistake 2-3 years ago.

A friend of me told me he wanted a 5711 list was about 22k euro back the. And secondhand it was more or less 33

He was complaining he could not get one from the AD and was about to buy one second hand.

I told him better not to cause euro 33 k was imo too much for a 22k watch



He did not listen and bought one for 33k



Today he could sell it for 55k euro .....



I guess I was wrong and he was right



And nobody knows what the price will be in 2022....

Could be 40-50 k

Could be 100k. I know 100k sounds ridiculous but in 2016 predicting that the nautilus would go from 33 to 60 within 3 years was also stupidly... but it did

Exactly this!


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[Bearxj86]

Originally Posted by Token74

Exactly this!


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Not ridiculous. I still think it can/will hit $100k in 2020.

[martinr]

Here’s the thing about the price. It’s a watch and it may sell for 70K now and it may sell for 100K in the future. But you guys talk about it like it’s money, not a watch. You can get a lot more watch for 70K than a stainless steel time only 5711. Maybe not a social media Instagram popular watch. Wasn’t there a poll on here a few weeks ago about the 5711 vs the 5070. TRF was 5711 all the way but PuristPro was 5070. And you don’t really think the 5711 is “more watch” than the 5070 do you? I’d find that kind of hard to believe if someone were to try and make that case.

[waspy1]

With the stock markets all hitting new highs, people are feeling all paper rich and the 5711 prices will not go down. When the stock
market reverses and these people start feeling the pinch, expect to see 5711 prices softening. When will this happen? My crystal ball is failing me on that I’m afraid.


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[chmhill]

I think the global economy also affects the price of 5711, not just USA.

Originally Posted by waspy1

With the stock markets all hitting new highs, people are feeling all paper rich and the 5711 prices will not go down. When the stock
market reverses and these people start feeling the pinch, expect to see 5711 prices softening. When will this happen? My crystal ball is failing me on that I’m afraid.


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[jon_jon]

Originally Posted by martinr

Here’s the thing about the price. It’s a watch and it may sell for 70K now and it may sell for 100K in the future. But you guys talk about it like it’s money, not a watch. You can get a lot more watch for 70K than a stainless steel time only 5711. Maybe not a social media Instagram popular watch. Wasn’t there a poll on here a few weeks ago about the 5711 vs the 5070. TRF was 5711 all the way but PuristPro was 5070. And you don’t really think the 5711 is “more watch” than the 5070 do you? I’d find that kind of hard to believe if someone were to try and make that case.

Over the past few years, TRF membership seems to have changed significantly and I agree 100% with your observations.

[Token74]

Originally Posted by martinr

Here’s the thing about the price. It’s a watch and it may sell for 70K now and it may sell for 100K in the future. But you guys talk about it like it’s money, not a watch. You can get a lot more watch for 70K than a stainless steel time only 5711. Maybe not a social media Instagram popular watch. Wasn’t there a poll on here a few weeks ago about the 5711 vs the 5070. TRF was 5711 all the way but PuristPro was 5070. And you don’t really think the 5711 is “more watch” than the 5070 do you? I’d find that kind of hard to believe if someone were to try and make that case.

This is a really fair point. But...

Personally, I don’t like the design of the 5070 and I’m not particularly interested in whether something is Steel or PM. So if you were to offer me them both free of charge with no opportunity to sell on in the future, I’d take the 5711.

If I was being purist in terms of movement, then clearly the complication of the 5070 makes it more of a watch, but then I’m sure there are a bunch of people that would say your 70k would be better spent away from Patek 5070 if you want to be purist about movements.

There is an assumption that people only want a Nautilus because they are hard to get, but nobody I know has ever really noticed or commented on my 5990, in my circles it flies under the radar whereas my Sea dweller gets lots of attention!

Ultimately, if you have 70k to spend and your favourite watch for that money is the 5711, then who cares what purists think, buy it. Sure, the bubble may burst and it may suddenly only be worth 30k, but that will likely only happen if there is a financial crisis, in which case that will likely apply to any watch you can buy for 70k right now.


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[AK797]

I'd maybe go for a 20% premium if I really wanted the watch, if you are willing to pay more then you really have to love it and really think it will be a keeper.

[watchdoc123]

I would never pay $70,000 for eight30,000 $ watch! Ever! And I can more than afford it. Just don’t understand the craziness with all of this. But to each his own

[Bearxj86]

Originally Posted by Token74

This is a really fair point. But...

Personally, I don’t like the design of the 5070 and I’m not particularly interested in whether something is Steel or PM. So if you were to offer me them both free of charge with no opportunity to sell on in the future, I’d take the 5711.

If I was being purist in terms of movement, then clearly the complication of the 5070 makes it more of a watch, but then I’m sure there are a bunch of people that would say your 70k would be better spent away from Patek 5070 if you want to be purist about movements.

There is an assumption that people only want a Nautilus because they are hard to get, but nobody I know has ever really noticed or commented on my 5990, in my circles it flies under the radar whereas my Sea dweller gets lots of attention!

Ultimately, if you have 70k to spend and your favourite watch for that money is the 5711, then who cares what purists think, buy it. Sure, the bubble may burst and it may suddenly only be worth 30k, but that will likely only happen if there is a financial crisis, in which case that will likely apply to any watch you can buy for 70k right now.


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I think 5170p vs 5711 illustrates Martin’s point even more. For me wow that’s a rough choice. I would go with the 5711 for my one and only

[Fat_ninja]

Originally Posted by bearxj86

Not ridiculous. I still think it can/will hit $100k in 2020.

Just want to say I will sell mine at 100k. Feel free to hit me up... just saying

[RussW]

Originally Posted by martinr

Here’s the thing about the price. It’s a watch and it may sell for 70K now and it may sell for 100K in the future. But you guys talk about it like it’s money, not a watch. You can get a lot more watch for 70K than a stainless steel time only 5711. Maybe not a social media Instagram popular watch. Wasn’t there a poll on here a few weeks ago about the 5711 vs the 5070. TRF was 5711 all the way but PuristPro was 5070. And you don’t really think the 5711 is “more watch” than the 5070 do you? I’d find that kind of hard to believe if someone were to try and make that case.

You know, I think there is more to this than which is the “better” watch and I can see both points of view. The 5070 is without doubt technically superior, but then imo the 5170 is superior to the 5070, and yet the 5070 is still the collector’s choice, so there is more to it than that.

Is design and beauty as important as the technical aspect? If so, the 5711 wins on that one imo. Do you want a watch to wear everyday and even go in the pool - if so the 5711 wins again.

Then there’s a whole load of other questions such as do you want a Lemania movement or do you prefer in-house, is the 5070 too big or is the 5711 too small, are you a dress watch lover or a sports watch lover?

So I think it’s all about what values you seek in a watch and the personal coefficients you attach to each of these.

[Infantry762]

Hey gang,

New member here. Live Rolex and Patek. Looking to add another Patek (have Calatrava). Thoughts on the 5205R-010 and what price I can negotiate for?

Thanks!

[GB-man]

Originally Posted by Fat_ninja

Just want to say I will sell mine at 100k. Feel free to hit me up... just saying

The crooked stamp one? Sold send me your wire info

[GB-man]

Intrinsic value is of no relevance here. It is a tough situation to read because when most items get hyped you know this is a short term fad. In this case it is like the whole world just figured out 2 years ago that Patek Philippe is a pinnacle manufacturer of watches.

As I have said before it will mirror the equities markets. When paper dries up buyers will dry up and dealers will be forced to adjust to the market price or just be museum curators with their enormous stock.

[martinr]

Originally Posted by RussW

You know, I think there is more to this than which is the “better” watch and I can see both points of view. The 5070 is without doubt technically superior, but then imo the 5170 is superior to the 5070, and yet the 5070 is still the collector’s choice, so there is more to it than that.

Is design and beauty as important as the technical aspect? If so, the 5711 wins on that one imo. Do you want a watch to wear everyday and even go in the pool - if so the 5711 wins again.

Then there’s a whole load of other questions such as do you want a Lemania movement or do you prefer in-house, is the 5070 too big or is the 5711 too small, are you a dress watch lover or a sports watch lover?

So I think it’s all about what values you seek in a watch and the personal coefficients you attach to each of these.

Russ in a way you’re right and that’s why I told the guy asking the question it’s his money and of course he should buy the watch he likes the most. But there’s no getting around the fact that the 5711 is 30K retail and the 70K price is hype driven. What if the 5711 was 70K retail? Would people with the means pay 150K because they can swim with it or because they think the design is so great. I’m not arguing the technical aspect either, I usually don’t care so much about that and buy what I like based on appearance. The 5711 is a very nice watch with a good movement but it’s not the only nice watch out there and at some point no matter how much you can afford to spend the price just seems crazy for what it is. And, just kidding around, even the fat ninja would sell his 5711 for 100K.

[BigAppleBill]

The grey market price for the 5711 blue dial with the caliber 324 movement can be had for the low to mid $60K range. The newer 5711 with the caliber 330 movement is currently commanding more of a premium from $70K and up.

[Mr Naultilus]

Never pay over retail , unless you want it that bad , but that just means you have FOMO

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[pam66]

Originally Posted by martinr

Buying a 30K watch for 70K is insanity but it’s your money.

absolutely correct. it is just not worth it. nice watch, iconic design yes but 70K USD???? can it go to 100K? yes sure but there are many market anomalies.

[RussW]

Originally Posted by martinr

Russ in a way you’re right and that’s why I told the guy asking the question it’s his money and of course he should buy the watch he likes the most. But there’s no getting around the fact that the 5711 is 30K retail and the 70K price is hype driven. What if the 5711 was 70K retail? Would people with the means pay 150K because they can swim with it or because they think the design is so great. I’m not arguing the technical aspect either, I usually don’t care so much about that and buy what I like based on appearance. The 5711 is a very nice watch with a good movement but it’s not the only nice watch out there and at some point no matter how much you can afford to spend the price just seems crazy for what it is. And, just kidding around, even the fat ninja would sell his 5711 for 100K.

Yes all good points Martin. I’m actually waiting for a 5711 myself, but will only pay retail

[KBM]

To reiterate a point that has been made and is the central aspect for me: unless money is absolutely not an issue, the reality is that funds for this hobby are finite and there is always an innate desire to enjoy the most special piece of horology achievable with the money that one spends. At 70k, that watch most certainly isn't a stainless steel nautilus, even for those (like me) who think it's a great piece.

[Ichiran]

Originally Posted by Patek_collector

i have given up on finding a blue 5711 at retail. i am planning to go to grey but nothing new trustable below $70K. any hope for a price softening here? what do you guys think? the price did not move an inch down for at least 7-8 months now.
thanks for your feedback.

Price has not moved down an inch for the past 2 years.

There have been numerous threads about the 5711 price over the past few years, and people have made predictions that were way off (those comments were quite funny looking back now).

Truth is, nobody knows what will be the price of 5711 7-8 months from now. I have read a recent article that the number of wealthy Chinese nationals has overtaken the number of rich Americans for the first time. China also has more millionaires (5m) than the entire Singapore population, and they have only 2 salons. Now, where else can they buy their 5711?

In terms of supply, how many 5711 does Patek produces? Say Patek produces 60,000 watches annually, and 30,000 of them are 5711, can this number satisfies all the demand globally? There are way more submariners and GMT produced and there is no whiff of them in store.

[Fat_ninja]

Originally Posted by GB-man

The crooked stamp one? Sold send me your wire info

500k. All yours