5711 crosses the $50K mark

[sensui]

Originally Posted by SL BRABUS

lol..... You know me too well....

With that kind of money..... I would buy a 5170J preowned and have some money left over for a 5 stars vacations that I can enjoy my 5170J by the poolside.....

Heh...it's truly silly money for the Nautilus 5711...I'm totally in love with the brand right now from a watchmaking/complication perspective...and that really shines in their complications/grand complications....that's money better spent toward Patek for sure in my eyes. Stuff like the 5711 can be the cherry on top as far as I'm concerned.

[Watch Admirer]

Originally Posted by MrGrayD

Don't you think it is just a case of new awareness of the 5711? I remember WSJ doing an article on it about 12-18 months ago saying it was the must-have watch, and it really has become that - an absolute mainstay of any collection

I love my blue dial 5711, and what I love about it is that I can wear it anywhere, as 99.9% of the population have absolutely no idea what it is, or are even curious. Much as I am vaguely tempted by the sellers market, it would be impossible to replace quickly, so I think I would still keep it even if the price tanks - really not that fussed.

I don't wear mine nearly enough, but when I do I never worry about it attracting undue attention. My Daytona & Hulk get a million times more comments, but I bought the Patek for what it represents in terms of workmanship and iconic design, not overall statement. At 50k it is still a buy.

You don't wear it, that's the only line in your post which interests me. It is a boring watch, chameleon dial or not.

[MrGrayD]

Originally Posted by Watch Admirer

You don't wear it, that's the only line in your post which interests me. It is a boring watch, chameleon dial or not.

I know you have been quick to dismiss the 5711 as 'just a status symbol' in your prior posts, I guess that is the only line in your previous content that interests me

I did not say I don't wear it - I said I didn't wear it 'nearly enough' - I have many other watches that get rotated depending on the situation and this is the case for several of them

[YoyoGift8]

At that price range I'm seeing more being sold at the classified & has been sitting for a couple of days.

[HAL330]

Originally Posted by Murcielagoboy2

Is this beyond the price of a new 5711R?

those are selling for north of $63K now

[Saturninus]

Nobody seems to want to admit to buying these 5711s at these prices, and yet people clearly are buying them if the price has gotten to this level.

If most astute collectors had the sense to exit the market and wait until the temporary insanity passes, then who are the buyers? I don't think it is a simple case of obscenely rich people who don't give a second thought at paying 2x. There are even more outrageously expensive watches for them to burn their money on, and they don't strike me as the type of people to hunt for watches in the secondary market from internet dealers...

It's either speculators caught in a crazy feedback loop, or this specific watch is the preferred model for bustdowns, or whatever they call it. Probably a bit of both.

[kingofthehill]

Another question of the buyers of 5711/1As at this price is why they don’t gravitate towards the higher retail priced and more complicated 5712/1A, which I suppose offers better relative value.

[Saturninus]

I'll admit - I came down with a case of Nautilus Envy, but as the gap between the SS and the RG started to close, I couldn't help but start to think about the RG version. If I am going to spend silly money on something like this, it better damn well be made of solid freakin' gold.

The more I looked at the RG version, the more the color scheme grew on me, and in the end the clincher was the heft. The SS bracelet always felt a little wispy to me. It's a different beast in heavy metal.

The madness of the SS market made me feel comfortable with the RG, so I ended up curing my case of Nautilus envy with the RG. It was also nice that I could pick one up at my AD at MSRP, put my name on the COA, and not worry about taking a 20% hit on residual value when I walked out the door.

I doubt that there will ever be a waiting list for the RG, and could very well end up losing more on the RG that I would have paying a premium for the SS. But at least I have some solid freakin' gold.

[yessir69]

New stainless $52125.
https://www.rolexforums.com/showthre...highlight=5711

New gold $57500.
https://www.rolexforums.com/showthre...highlight=5711

IS EVERYONE TAKING CRAZY PILLS?!?

[Kaapu]

Originally Posted by BillA

Where did you see that?

https://davidsw.com/product/patek-ph...167a-aquanaut/

[tyler1980]

Originally Posted by HorologyK

Look at the 5167 prices. 25.5

well, its only 1/2 of a 5711 without a bracelet so its only logical

[AK797]

Originally Posted by yessir69

New stainless $52125.
https://www.rolexforums.com/showthre...highlight=5711

New gold $57500.
https://www.rolexforums.com/showthre...highlight=5711

IS EVERYONE TAKING CRAZY PILLS?!?

Come on, gold, don't let them catch you! It's like supporting a sports team nowadays.

[kingofthehill]

Another often referenced secondary market European dealer on TRF is Blowers Jewellers and I think that it is interesting that they have listed an unused March 2018 5711/1A-010 at GBP 34,950 (USD 49,205 at the time of writing) - markedly lower than the GBP 41,100 offered by Chronext in the above links.

Perhaps it is simply a website error, but if not then perhaps it represents a more real transaction level.

[tng11]

Originally Posted by kingofthehill

Another often referenced secondary market European dealer on TRF is Blowers Jewellers and I think that it is interesting that they have listed an unused March 2018 5711/1A-010 at GBP 34,950 (USD 49,205 at the time of writing) - markedly lower than the GBP 41,100 offered by Chronext in the above links.

Perhaps it is simply a website error, but if not then perhaps it represents a more real transaction level.

What a steal! Quick, buy, buy, buy!

I love one of the ads above is listed as "ONLY $52125" for a 5711/1A. "Only", sheesh.

[AK797]

Originally Posted by kingofthehill

Another often referenced secondary market European dealer on TRF is Blowers Jewellers and I think that it is interesting that they have listed an unused March 2018 5711/1A-010 at GBP 34,950 (USD 49,205 at the time of writing) - markedly lower than the GBP 41,100 offered by Chronext in the above links.

Perhaps it is simply a website error, but if not then perhaps it represents a more real transaction level.

Hmm, that looks like a gift given the recent price rise, think that won't sell for that, they'll wise up.

[HAL330]

Originally Posted by yessir69

New stainless $52125.
https://www.rolexforums.com/showthre...highlight=5711

New gold $57500.
https://www.rolexforums.com/showthre...highlight=5711

IS EVERYONE TAKING CRAZY PILLS?!?

with barely $5000 worth of pure gold in a R, makes sense.

Those prices are on the extreme end of both tho, I've seen /A's for $47000 and /R's for $65000 on ebay for example.

[GB-man]

David has one for 46 and change like new 2015 papers
https://davidsw.com/product/patek-ph...h-blue-dial-2/

[Peterandwatches]

If the 5167 jointly rises with the 5711, the cost of entry to PP is going to be astronomical.

I think there is value is having an accessible sub-20K entry piece, like the Aquanaut previously, or AP's 15400 to grow your consumer base. If new collectors find the starting point to be cost prohibitive, they are going to start turning away, and that's going to have negative long term effects.

[tng11]

Originally Posted by Peterandwatches

If the 5167 jointly rises with the 5711, the cost of entry to PP is going to be astronomical.

I think there is value is having an accessible sub-20K entry piece, like the Aquanaut previously, or AP's 15400 to grow your consumer base. If new collectors find the starting point to be cost prohibitive, they are going to start turning away, and that's going to have negative long term effects.

Well, the new "entry" level is going to be something like a Calatrava 5119J. Those pre-owned are like $13K?

[iceman1118]

With these prices you can now walk into basically any AD and get a 5396, 5146, or 5205 in precious metal for less than a stainless steel three hander and still walk away with extra cash. Seems like a no brainer to go complication if you ask me

[soundserious]

Originally Posted by iceman1118

With these prices you can now walk into basically any AD and get a 5396, 5146, or 5205 in precious metal for less than a stainless steel three hander and still walk away with extra cash. Seems like a no brainer to go complication if you ask me

Paying anywhere near MSRP for any of those would be a cosmic error; and therein lies some insight.

[kingofthehill]

Originally Posted by kingofthehill

Another often referenced secondary market European dealer on TRF is Blowers Jewellers and I think that it is interesting that they have listed an unused March 2018 5711/1A-010 at GBP 34,950 (USD 49,205 at the time of writing) - markedly lower than the GBP 41,100 offered by Chronext in the above links.

Perhaps it is simply a website error, but if not then perhaps it represents a more real transaction level.

Still listed as noted and still unsold.

[walds11]

Originally Posted by kingofthehill

Still listed as noted and still unsold.

Yep, as are many other ones listed for sale and still unsold or stale listing being bumped.

[tyler1980]

WF just got two in. No not mine

Anyway they are not priced yet and they have one of each so we will see what the do.

Its a "pre sale" now

http://www.watchfinder.co.uk/presale...?redirect=True

[AK797]

Originally Posted by tyler1980

WF just got two in. No not mine

Anyway they are not priced yet and they have one of each so we will see what the do.

Its a "pre sale" now

http://www.watchfinder.co.uk/presale...?redirect=True

It's like waiting for the market to open...

[soundserious]

47.5 recent auction.

[RussW]

Originally Posted by AK797

Chronext have £41K v £43K so looks like just a matter of time, 5712 at £38K was passed already.

Chronext are fantasists with their pricing. From my experience their selling prices are much higher than the market price, and their offer prices are ridiculous. I was thinking of selling my 5980 and got a quote from Chronext and Watchfinder. Chronext was £27,550 and Watchfinder was £37,000. That’s nearly a £10k difference.

[AK797]

Originally Posted by RussW

Chronext are fantasists with their pricing. From my experience their selling prices are much higher than the market price, and their offer prices are ridiculous. I was thinking of selling my 5980 and got a quote from Chronext and Watchfinder. Chronext was £27,550 and Watchfinder was £37,000. That’s nearly a £10k difference.

Their spreads are crazy and their offers are terrible, but they don't ever lower their asking prices so they must be selling them still, and plus they offer new and unworn as opposed to WF's used so they are the top of the market. But WF have cottoned on now and have taken their example and really reduced their own spreads in favour of quick turnover, which used to be their policy before the hype.

[lapince]

50 is insane, even if to consider the 5712, my favorite SS Nautilus, I would never pay north of 42k for it, but 50 for a 5711? Hell no

[iceman1118]

Originally Posted by soundserious

Paying anywhere near MSRP for any of those would be a cosmic error; and therein lies some insight.

Not the point I was making. I said nothing about MSRP. My point was the 5711 pricing is insane and you can get so much more watch (meaning precious metal and complication) for less price. People paying these prices for a simple steel three hander need their heads examined