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20 January 2021, 12:24 AM | #1 |
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Goodbye 5711, but will prices go up or down?
Spoke to several ADs today and all believed it will be discontinued. One told me a source at PP confirmed it.
But to deduct that discontinued will mean price increase is not necessarily correct imo. It all depends on when and what PP will replace the 5711 with. I am fortunate to own many of the versions of the 5711 (latest one, transition model, geneva seal, white dial, rose gold...) and hope its value will increase, but I am not sure. If the new model has the same size but comes with bracelet sizing on the go, blue date wheel like 15202st...the demand for new one will be crazy. The people who have driven up the 5711 prices tend to be buyers who always want the latest and greatest, and no doubt the 6711 will be exactly that. So if the 6711 is released at the same moment that the 5711 is discontinued, demand and prices for the 5711 might even go down. I hope PP will wait 6-12 months with the successor watch, and then we should see some price hikes, at least for some months... |
20 January 2021, 01:07 AM | #2 | |
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If the 5711 is discontinued and to be succeeded by new model, then I would expect it to be announced at same time. Don’t think PP cares about delaying announcement just to drive up 5711 grey prices. Obviously some 5711 will still be hitting PP stores as inventory is drained and also expect newer model to take a few months to hit stores. Unless they do a Rolex and make the new model available once announcement was made. Although this was just because of no Baselworld time constraints to announce new models. All speculation of course. Sent from my iPad using Tapatalk |
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20 January 2021, 01:55 AM | #3 |
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REALLY hope they upgrade the clasp similar to the 5740, that is LONG overdue.
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20 January 2021, 02:04 AM | #4 |
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I think it will always be the one reference that outdid all others in terms of hype and secondary market sales. Discontinuing it will only drive the price up higher I suspect.
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20 January 2021, 02:05 AM | #5 |
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20 January 2021, 02:17 AM | #6 |
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20 January 2021, 02:35 AM | #7 |
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If true, many will want to dump the old and scramble for the new just because it's the new thing. Look for the first new flipped example to be asking 1.3BB price from the first grey who gets it.
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20 January 2021, 02:58 AM | #8 |
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The price for the outgoing 5711 will reach an unprecedented high, particularly for the post movement upgrade ones. The 6711 has likely a larger case size which will be to the dismay of many aficionados.
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20 January 2021, 02:59 AM | #9 |
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I would say flat to mildly up. The kind of people paying over the odds for a 5711 are going to want the new one. The kind of people that will romance about the 40mm size (if that changes) don't necessarily view the 5711 as a good buy at current prices let alone higher.
JMHO
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20 January 2021, 03:00 AM | #10 |
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I'll gladly pick up an "old" 5711 for a lower price if it gets discontinued.
However, I think signs would suggest, the watch's value won't change. In fact it is more likely to go up. No previous Nautilus value has decreased for the past couple years. I doubt that's going to change now. |
20 January 2021, 03:33 AM | #11 | |
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Quote:
I’ve heard the clasp is being improved Sent from my iPhone using Tapatalk
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20 January 2021, 04:14 AM | #12 |
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Who remembers the smaller steel Aquanaut?
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20 January 2021, 04:47 AM | #13 |
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20 January 2021, 04:52 AM | #14 |
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I have my fingers crossed that they both upsize AND downsize.
A larger model 42mm case 45 with wings And a midsize in between the old 5800 and the current 5711: 38mm case 41mm with wings. |
20 January 2021, 04:57 AM | #15 |
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This coming from a multiple offshore guy, original size of the 5060 is even better on a small wrist with matching appropriate attire.
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20 January 2021, 06:38 AM | #16 |
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How about history?
Not sure it is relevant or not, thie logic hinges on what if anything will be changed in the new model if indeed there is one... But what has happened to the 3700 variants when the 5711 was introduced? What are their values today? I believe they rose significantly at the intro and more so today..
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20 January 2021, 06:45 AM | #17 |
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Goodbye 5711, but will prices go up or down?
I guess one has to distinguish between short term and mid term effect. Short term, prices will go up if the 5711 will be discontinued, no matter if the new model will be introduced right away or not.
Mid-term, it strongly depends on appetite on and availability of the new model. Given that Stern seems not to be the biggest fan of the hype around the Nautilus and the importance of it for the brand, there might be also a chance that they come around the corner with something unexpected... Sent from my iPhone using Tapatalk |
20 January 2021, 07:22 AM | #18 |
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For the long running model with 324 movement it’s anyone’s guess. The newer 330 movement will have had an ultra short run so could be very sought after.
In thinking to make a point SS 5711/5712 models could be replaced With PM models in the first instance with SS later. Imagine the frenzy for a 5740A if they did that! |
20 January 2021, 07:46 AM | #19 | |
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I'd love if they replaced the SS versions with WG and/or YG variants with the clasp of the 5740 but left the 40mm size unchanged. If the 5711 blue is on the run-out list I expect prices to slightly increase initially and go into reverse if and when a new blue SS Nautilus will be launched as most people will likely want the new one. |
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20 January 2021, 07:58 AM | #20 |
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Apart from updating the clasp and doing whatever they want to upgrade the movement in terms of power reserve or accuracy- I really can’t see this working out well. Certainly any alteration size wise will be a disaster. The current 5712/5711 filled the perfect sweet spot for those who find modern Rolex or 5980/5726s too big but remained large enough not to be mistaken for a 80’/90’s midsize or women’s watch. The recent larger aquanauts (5168s) are terrible. If they really insist on something major then my preference would be for a 3711 esque white gold model- but with blue dial with the proportions left unchanged. This would give PP the perfect excuse to up the retail price enormously and capture more of the premium much of which currently ends up going to greys.
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20 January 2021, 08:24 AM | #21 |
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@Billfav I'm not sure the "discontinued" 5711 and 3700 comparison is apples to apples. Many other factors differentiate the 3700 from its modern counterpart which therefore affects collectibility and the values we see for the 3700.
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20 January 2021, 09:40 AM | #22 |
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My guess is the 6711 will command a higher resale than the 5711, because many of the Nautilus collectors would already have the 5711, and the 6711 (provided the dimensions do not increase too dramatically in size) is a piece that both these existing collectors and new customers will want to add. The demand for the 6711 will be incredible if its dimensions do not increase too much.
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20 January 2021, 09:45 AM | #23 |
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Remember the days when most watches went at or below MSRP?
I miss the non-hype days when those of us who are true collectors can actually collect, wear, and have fun. |
20 January 2021, 09:52 AM | #24 | |
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Quote:
Understand what you’re saying, i don’t disagree. I’d like a 5740 but it’s become pretty clear that in not going to be able to get one. However, what i would say is that the number of watches that are really hard to get is pretty low. Sure, there may be a waiting list for a bunch of watches, but having to wait isn’t always a bad thing, in fact, i quite enjoy the wait. But the vast majority of watches are easily available with a reasonable wait time. And the ones that are really hard to get, how many are truly watches that real collectors want. And if they are real collectors, then they likely buy enough non-hot watches to form the relationships required to obtain the hot watches. There are of course exceptions, but i personally doubt that many true collectors are too troubled by not being able to get a steel Nautilus or Daytona. Sent from my iPhone using Tapatalk
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20 January 2021, 09:58 AM | #25 | |
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I don't disagree with the gist of what you said.
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Back then, you most likely bought enough of those, but it wasn't a requirement. I remember seeing Aquanauts eating dust. I remember Hulks going for 15-20% under retail, and still ADs couldn't move them. |
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20 January 2021, 10:00 AM | #26 | |
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If you wind it, they will run. 25 or 6 to 4. |
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20 January 2021, 10:27 AM | #27 |
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Am a little sad to see it go.
Plus a number of my friends are waiting for theirs to arrive...... |
20 January 2021, 10:30 AM | #28 |
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does pp bump you if that happens?
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If you wind it, they will run. 25 or 6 to 4. |
20 January 2021, 10:34 AM | #29 |
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Your AD might. I remember when the 5726 got discontinued for the blue one, my AD switched people from the old version waitlist to the new one if they so wished.
Regardless, one of friends will not be a happy man. He has waited over 3 years patiently.... |
20 January 2021, 12:52 PM | #30 |
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To clarify this rumor... it is both the 5711/1R and 5711/1A?
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