5167R - Waiting list?

[mayweather66]

Very quick question ... PP 5167R (Rose Gold) seem to not be excessively over priced in the secondary market in comparison to the 5167 steel premiums flying about ... does this mean it’s possible to get a 5167R from a PP AD quite easily, or easier I should say?

Thanks

[GB-man]

Originally Posted by mayweather66

Very quick question ... PP 5167R (Rose Gold) seem to not be excessively over priced in the secondary market in comparison to the 5167 steel premiums flying about ... does this mean it’s possible to get a 5167R from a PP AD quite easily, or easier I should say?

Thanks

Yes. Almost all sports watches have become scarce but it is most definitely easier to source a 5167r than 5167a.

[Sam Philip]

5167R is easier to source than 5167A and 5168G. AD should be able to obtain one for you within few months.

[mayweather66]

Originally Posted by Sam Philip

5167R is easier to source than 5167A and 5168G. AD should be able to obtain one for you within few months.

Interesting why would there be such demand For the steel at circa £22-24k UK GBP on secondary when the Rose Gold can be bought for retail at circa £27k?

Prices for the R therefore have quite some upside possibly?

[tyler1980]

Originally Posted by mayweather66

Interesting why would there be such demand For the steel at circa £22-24k UK GBP on secondary when the Rose Gold can be bought for retail at circa £27k?

Prices for the R therefore have quite some upside possibly?

i doubt it. SS is where the demand is. The R is a better "value" at retail vs SS secondary prices, but i dont think the secondary prices for the gold models will shoot up.

[mayweather66]

Originally Posted by tyler1980

i doubt it. SS is where the demand is. The R is a better "value" at retail vs SS secondary prices, but i dont think the secondary prices for the gold models will shoot up.

Thanks but natural upside in price over say 5 - 10 years? Due to PP price adjustments

[tyler1980]

Originally Posted by mayweather66

Thanks but natural upside in price over say 5 - 10 years? Due to PP price adjustments

doubtful you will sell it for more than you paid. Its not going to tank either though. I wouldn't be making the purchase decision on that though. Prices are close enough that if i wanted the SS, i would get the SS and not get gold because its a better relative deal.

What is more likely is the SS will go down as it looks like a bubble. The R probably positioned fairly well.

[mayweather66]

Originally Posted by tyler1980

doubtful you will sell it for more than you paid. Its not going to tank either though. I wouldn't be making the purchase decision on that though. Prices are close enough that if i wanted the SS, i would get the SS and not get gold because its a better relative deal.



What is more likely is the SS will go down as it looks like a bubble. The R probably positioned fairly well.

Exactly this, rel value is far greater for the R ... wish the steel sat around £17k max ...

Out of interest the last time there was a financial crisis ie 08’ onwards did Watch values drop significantly?

[R!$]

Its funny but true

[dchang81]

Originally Posted by mayweather66

Exactly this, rel value is far greater for the R ... wish the steel sat around £17k max ...

Out of interest the last time there was a financial crisis ie 08’ onwards did Watch values drop significantly?

Yes prices did drop significantly. Remember looking at AP Chrono for 9-10k. Then again prices for a lot of stuff was in the toilet.

[mayweather66]

Originally Posted by dchang81

Yes prices did drop significantly. Remember looking at AP Chrono for 9-10k. Then again prices for a lot of stuff was in the toilet.

Interesting ... may wait off as similar times are probably coming in the next 24 months

[tyler1980]

Originally Posted by mayweather66

Interesting ... may wait off as similar times are probably coming in the next 24 months

maybe.... or not

Timing the market, id rather do it with investments as financial markets are going to mirror the watch market. If it was that easy though everyone would be filthy rich.

There is an opportunity cost in holding the money and waiting as you could pay more (AD price rise, Secondary market rise, inflation, etc). I still think the secondary market is in a bubble, but it could continue on for a long time.

[mayweather66]

Originally Posted by tyler1980

maybe.... or not

Timing the market, id rather do it with investments as financial markets are going to mirror the watch market. If it was that easy though everyone would be filthy rich.

There is an opportunity cost in holding the money and waiting as you could pay more (AD price rise, Secondary market rise, inflation, etc). I still think the secondary market is in a bubble, but it could continue on for a long time.

Agreed - definitely feels we have seen a huge bubble emerge over the past 3-5 years... pretty shocked to be fair, like Daytona SS at £15k is an incredible sight.

[tchaic]

When people have extra money luxury items with high demand and low supply go up. In a recession the price of preowned 5167 R only goes down materially if owners are forced to sell under some level of duress. In theory a 5167R is a 3rd or 4th Patek and shouldn’t flood the market. But who knows!

[tyler1980]

Originally Posted by tchaic

When people have extra money luxury items with high demand and low supply go up. In a recession the price of preowned 5167 R only goes down materially if owners are forced to sell under some level of duress. In theory a 5167R is a 3rd or 4th Patek and shouldn’t flood the market. But who knows!

they would go down both because more get unloaded by their owners, but also because less people would have money to then buy them. Its the lack of buyers i would be concerned about as even if a recession doesnt wipe you out personally i do think people will be more tight fisted.

[Fat_ninja]

i thought ultra high end luxury goods tend to hold up better in downturns? The thought that people at that price level are able to continue to spend?

[GB-man]

Originally Posted by Fat_ninja

i thought ultra high end luxury goods tend to hold up better in downturns? The thought that people at that price level are able to continue to spend?

They do to some degree but when people are talking about that sort of thing they usually are referring to the company itself being able to cover its expenses and still turn a profit.

This whole idea of people bidding up regular production watches would never hold as not all the buyers are financially insulated from a broader market decline.

I am of the belief it will turn quickly as speculators back out and greys slow their buying as inventory swells and sits. Not to mention owners who need money for other opportunities selling.

That said I have not the slightest clue when this could occur or I would be rich.

[Codik]

I was at the London salon a few weeks ago, and they said they could get it within a year. Given that they're the most oversubscribed AD in the UK, I'd guess you can probably get it immediately if you call a few ADs.

[SL BRABUS]

To the OP....

5167R have a lot shorter waiting list then the SS 5167 & a lot easier to get then SS 5167.....

I say if you like the watch put yourself on the waiting list & pay retail.....



Off topic.....

If there a financial crisis recession and people letting go of their luxury cars, their luxury watches, & so on.....

You can label them as "Fake Rich"....

I saw the true color of those fake rich people during the financial crisis recession during the dot com boom (year 2000) & financial crisis recession during housing market (year 2008)......

During that time the first thing to go is the high end luxury car such as Lamborghini, Ferrari, Bentley & etc....

Next is the luxury watches & luxury items.... All kinds..... You name it....

After that is the luxury home being foreclosure....

Sad but it true there a lot of fake rich out there.....

The true test, if doing financial crisis recession people are able to keep what they have that mean they are rich & smart with their money......

Patek Philippe & Rolex are smart by cutting the supply of their SS Sport watches..... They thinking of the long term effect of the economy.... Which I think it will be good for them in the long term if there will be a financial crisis recession in the future......

Check out this video.... Are you one of them....."Fake Rich"