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 20 January 2021, 12:24 AM   #1
GeraldGentaFan
"TRF" Member
 
Join Date: Nov 2018
Real Name: Mark
Location: Europe
Posts: 641
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...
GeraldGentaFan is offline   Reply With Quote
Old 20 January 2021, 01:07 AM   #2
supernova
"TRF" Member
 
supernova's Avatar
 
Join Date: Jun 2012
Location: Dublin/HK
Watch: AP/Rolex
Posts: 1,258
Quote:
Originally Posted by GeraldGentaFan View Post

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...

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
supernova is offline   Reply With Quote
Old 20 January 2021, 01:55 AM   #3
7sins
"TRF" Member
 
7sins's Avatar
 
Join Date: Mar 2011
Real Name: B.
Location: Beverly Hills, CA
Posts: 3,330
REALLY hope they upgrade the clasp similar to the 5740, that is LONG overdue.
__________________
Richard Mille RG RM030 || Richard Mille RM72ti || AP 26240 50TH Green Royal Oak Chrono || AP Royal Oak Blue JUMBO SS 15202ST || AP ROO Diver Green 15720ST || ♕ Rolex Platinum Daytona Diamond 116506 || Cartier Santos
7sins is offline   Reply With Quote
Old 20 January 2021, 02:04 AM   #4
V25V
2024 Pledge Member
 
V25V's Avatar
 
Join Date: Feb 2017
Location: USA
Posts: 4,331
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.
V25V is offline   Reply With Quote
Old 20 January 2021, 02:05 AM   #5
Russell996
2024 Pledge Member
 
Russell996's Avatar
 
Join Date: May 2016
Location: UK
Posts: 4,150
Quote:
Originally Posted by GeraldGentaFan View Post
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...
Why would you want price hikes on an already overhyped piece?
Russell996 is offline   Reply With Quote
Old 20 January 2021, 02:17 AM   #6
GeraldGentaFan
"TRF" Member
 
Join Date: Nov 2018
Real Name: Mark
Location: Europe
Posts: 641
Quote:
Originally Posted by Russell996 View Post
Why would you want price hikes on an already overhyped piece?
I like price hikes on everything I already own : )
GeraldGentaFan is offline   Reply With Quote
Old 20 January 2021, 02:35 AM   #7
kneedeep
"TRF" Member
 
Join Date: May 2014
Location: Not 2 far from u
Posts: 3,457
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.
__________________
Official Member "WIS-CON" Las Vegas International GTG 2017
Official Member "WIS-CON" Las Vegas International GTG 2018
kneedeep is offline   Reply With Quote
Old 20 January 2021, 02:58 AM   #8
Valedictorian
"TRF" Member
 
Valedictorian's Avatar
 
Join Date: Jul 2016
Location: Stateside now
Posts: 190
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.
Valedictorian is offline   Reply With Quote
Old 20 January 2021, 02:59 AM   #9
GB-man
2024 Pledge Member
 
GB-man's Avatar
 
Join Date: Nov 2012
Location: USA
Watch: addiction issues
Posts: 36,815
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
__________________
GB-man is offline   Reply With Quote
Old 20 January 2021, 03:00 AM   #10
2nastie
"TRF" Member
 
2nastie's Avatar
 
Join Date: Nov 2016
Location: YVR
Watch: Time Only
Posts: 2,332
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.
2nastie is offline   Reply With Quote
Old 20 January 2021, 03:33 AM   #11
scurfa
"TRF" Member
 
Join Date: Jul 2007
Location: Sunderland
Posts: 1,237
Quote:
Originally Posted by 7sins View Post
REALLY hope they upgrade the clasp similar to the 5740, that is LONG overdue.

I’ve heard the clasp is being improved


Sent from my iPhone using Tapatalk
__________________
Instagram @scurfawatches
scurfa is offline   Reply With Quote
Old 20 January 2021, 04:14 AM   #12
scurfa
"TRF" Member
 
Join Date: Jul 2007
Location: Sunderland
Posts: 1,237
Who remembers the smaller steel Aquanaut?
__________________
Instagram @scurfawatches
scurfa is offline   Reply With Quote
Old 20 January 2021, 04:47 AM   #13
ts3
"TRF" Member
 
Join Date: Nov 2018
Location: Europe
Posts: 3,199
Quote:
Originally Posted by scurfa View Post
Who remembers the smaller steel Aquanaut?
Sure do. The 5165 has the perfect size for me unlike the 5167 or worse still the 5168. Also remember the 5800 but went 5711 in the end. From my perspective any upsizing will be a downgrade rather than an upgrade.
ts3 is offline   Reply With Quote
Old 20 January 2021, 04:52 AM   #14
Nsane
"TRF" Member
 
Join Date: Dec 2020
Location: PHL
Posts: 29
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.
Nsane is offline   Reply With Quote
Old 20 January 2021, 04:57 AM   #15
Tomas Eriksson
"TRF" Member
 
Tomas Eriksson's Avatar
 
Join Date: Apr 2015
Location: Stockholm
Watch: 15707CE
Posts: 1,979
Quote:
Originally Posted by ts3 View Post
Sure do. The 5165 has the perfect size for me unlike the 5167 or worse still the 5168. Also remember the 5800 but went 5711 in the end. From my perspective any upsizing will be a downgrade rather than an upgrade.
This coming from a multiple offshore guy, original size of the 5060 is even better on a small wrist with matching appropriate attire.
__________________
State of the union: 5066A,15400ST,15707CE,116610LN,26470OR and a few other…
Tomas Eriksson is offline   Reply With Quote
Old 20 January 2021, 06:38 AM   #16
Billfav
"TRF" Member
 
Join Date: Apr 2014
Location: Southeast
Posts: 414
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..
Billfav is offline   Reply With Quote
Old 20 January 2021, 06:45 AM   #17
edhahn44
"TRF" Member
 
edhahn44's Avatar
 
Join Date: Jul 2019
Real Name: Eduard
Location: Europe
Posts: 331
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
edhahn44 is offline   Reply With Quote
Old 20 January 2021, 07:22 AM   #18
Captainbob
"TRF" Member
 
Join Date: Jun 2017
Location: UK
Posts: 60
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!
Captainbob is offline   Reply With Quote
Old 20 January 2021, 07:46 AM   #19
ts3
"TRF" Member
 
Join Date: Nov 2018
Location: Europe
Posts: 3,199
Quote:
Originally Posted by Captainbob View Post
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!
While the version with 330 movement will have had a short run in the 5711 so has the 315 movement, the LED dial, the transitional model with current dial but 324 movement etc. Lots of more and less rare variants out there. Doesn't seem to matter much in terms of desirability and secondary market prices. Most people want the 5711 for its iconic status and design and don't seem to care a lot for the details.

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.
ts3 is offline   Reply With Quote
Old 20 January 2021, 07:58 AM   #20
Custom02
"TRF" Member
 
Join Date: Nov 2017
Location: London
Posts: 100
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.
Custom02 is offline   Reply With Quote
Old 20 January 2021, 08:24 AM   #21
ma.st.
"TRF" Member
 
ma.st.'s Avatar
 
Join Date: Dec 2016
Location: west coast
Posts: 124
@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.
ma.st. is offline   Reply With Quote
Old 20 January 2021, 09:40 AM   #22
Ichiran
2024 Pledge Member
 
Ichiran's Avatar
 
Join Date: Jan 2018
Real Name: Michael
Location: Dotonbori
Watch: Mostly blue dials
Posts: 7,513
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.
Ichiran is online now   Reply With Quote
Old 20 January 2021, 09:45 AM   #23
GreenLantern
"TRF" Member
 
Join Date: Oct 2016
Location: Montana
Posts: 3,222
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.
GreenLantern is offline   Reply With Quote
Old 20 January 2021, 09:52 AM   #24
Token74
"TRF" Member
 
Join Date: Dec 2012
Real Name: Vince
Location: England
Watch: Too many!
Posts: 5,707
Quote:
Originally Posted by GreenLantern View Post
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.

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
__________________
Time is limited, make every second count.

Patek Philippe Nautilus 5990 - AP Royal Oak 15300 - AP Royal Oak 15450 Blue - AP Royal Oak 15450 Silver - AP Royal Oak Offshore 26480 - Royal Oak Offshore 15710 - Rolex Sea Dweller 116600 - Rolex Daytona 116519 - Rolex GMT 126710 BLRO - Omega Speedmaster Reduced - JLC Reverso GMT Moonphase - TAG Microtimer - Dent Pocket Watch - JLC Atmos Phases de lune
Token74 is offline   Reply With Quote
Old 20 January 2021, 09:58 AM   #25
GreenLantern
"TRF" Member
 
Join Date: Oct 2016
Location: Montana
Posts: 3,222
I don't disagree with the gist of what you said.

Quote:
Originally Posted by Token74 View Post
And if they are real collectors, then they likely buy enough non-hot watches to form the relationships required to obtain the hot watches.
However, the issue is that today, you must buy those to be able to get the hyped watches at retail from your AD/Boutique (vs. going grey -- remember when going grey was mostly unheard of?).

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.
GreenLantern is offline   Reply With Quote
Old 20 January 2021, 10:00 AM   #26
Etschell
"TRF" Member
 
Etschell's Avatar
 
Join Date: Dec 2013
Location: FL
Watch: platinum sub
Posts: 15,861
Quote:
Originally Posted by GB-man View Post
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
look what happened to the white dial. it went way up and is now below the blue. i agree mild to flat increase in the future.
__________________
If you wind it, they will run.

25 or 6 to 4.
Etschell is offline   Reply With Quote
Old 20 January 2021, 10:27 AM   #27
ragsk
Banned
 
Join Date: Jun 2018
Location: USA
Posts: 1,505
Am a little sad to see it go.

Plus a number of my friends are waiting for theirs to arrive......
ragsk is offline   Reply With Quote
Old 20 January 2021, 10:30 AM   #28
Etschell
"TRF" Member
 
Etschell's Avatar
 
Join Date: Dec 2013
Location: FL
Watch: platinum sub
Posts: 15,861
Quote:
Originally Posted by ragsk View Post
Am a little sad to see it go.

Plus a number of my friends are waiting for theirs to arrive......
does pp bump you if that happens?
__________________
If you wind it, they will run.

25 or 6 to 4.
Etschell is offline   Reply With Quote
Old 20 January 2021, 10:34 AM   #29
ragsk
Banned
 
Join Date: Jun 2018
Location: USA
Posts: 1,505
Quote:
Originally Posted by Etschell View Post
does pp bump you if that happens?
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....
ragsk is offline   Reply With Quote
Old 20 January 2021, 12:52 PM   #30
taylorhall
"TRF" Member
 
Join Date: Sep 2015
Location: Earth
Posts: 82
To clarify this rumor... it is both the 5711/1R and 5711/1A?
taylorhall 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

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.