5711 crosses the $50K mark

[AK797]

Originally Posted by Murcielagoboy2

Is this beyond the price of a new 5711R?

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

[GB-man]

Originally Posted by kingofthehill

Does anyone else get the impression that the 5712/1A might also see a marked price increase on the secondary market under such conditions?

Already has!

[locutus49]

I prefer silver-toned metals so I might buy a WG 5711 if it were about the same price as SS. But YG or RG does not work with my skin tone. This close differential between SS and gold is really amazing.

[codecow]

I think the 5712 can push $60k, even that is a bargain for what you're getting.

[Murcielagoboy2]

Originally Posted by AK797

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

That's just unbelievable.

And as i'm sure you already know the 5711R feels like a totally different watch it's just soooooo much nicer. The dial, the richness of the metal and colour actually bring out the different finishes in a way which makes the whole thing pop...

Want to hear something daft? I passed on a 5711R because I just didn't have the dough the at time. Picked up the blue 5711 because it was half the price.... and now look......!

[kingofthehill]

Originally Posted by Murcielagoboy2

That's just unbelievable.

And as i'm sure you already know the 5711R feels like a totally different watch it's just soooooo much nicer. The dial, the richness of the metal and colour actually bring out the different finishes in a way which makes the whole thing pop...

Want to hear something daft? I passed on a 5711R because I just didn't have the dough the at time. Picked up the blue 5711 because it was half the price.... and now look......!

As you were able to secure the 5711/1A, I assume that you have a fairly strong relationship with your AD and that you will be able to acquire a 5711/1R without too much delay. Given that you appear to prefer the latter, perhaps now is a good opportunity to consider a swap.

It has always interested me that whilst AP's 15202ST was priced in line with PP's 5711/1A - until recently - the 5711/1R was notably discounted to its nearest peer in the 15202OR. I doubt that that continues for much longer.

[kultschar]

Originally Posted by Murcielagoboy2

That's just unbelievable.

And as i'm sure you already know the 5711R feels like a totally different watch it's just soooooo much nicer. The dial, the richness of the metal and colour actually bring out the different finishes in a way which makes the whole thing pop...

Want to hear something daft? I passed on a 5711R because I just didn't have the dough the at time. Picked up the blue 5711 because it was half the price.... and now look......!

I see Blowers have a 5711 blue dial today but no mention of price.

I feel so lucky to have grabbed one in Sept 17 in UK for retail - current situation is bonkers!

[yessir69]

$53,250

https://www.hqmilton.com/timepieces/...nd-papers-A216

[walds11]

Originally Posted by yessir69

$53,250

https://www.hqmilton.com/timepieces/...nd-papers-A216

Edit: that one is listed on the FS forum here as well.

[thomaspp]

Who would buy a 5711 for $50k when you can buy a 3700 for $100k? Now THAT is the real question...

[GB-man]

Originally Posted by kingofthehill

As you were able to secure the 5711/1A, I assume that you have a fairly strong relationship with your AD and that you will be able to acquire a 5711/1R without too much delay. Given that you appear to prefer the latter, perhaps now is a good opportunity to consider a swap.



It has always interested me that whilst AP's 15202ST was priced in line with PP's 5711/1A - until recently - the 5711/1R was notably discounted to its nearest peer in the 15202OR. I doubt that that continues for much longer.

I think you’re right about the last bit. Resale is already circa 20k higher on the 5711R.

[MrGrayD]

But I think up is still the way they are heading - I collect jewellery as well, and if you look at pieces by Joel Rosenthal (JAR Paris) they are were so hard to get as new pieces, that the secondary market is vastly higher, even the more 'run of the mill' pieces

Honestly, I can see the steel 5711 actually overtaking the R at this stage

[AK797]

I just watched an auction at Sotheby's for a £20m Kandinsky and the phone bidder contact was wearing a white 5711. Never seen a watch like that in the last five years, usually Rolexes or dress strap watches, real sign of the times.

[SigloII]

A Lange Datograph platinum on the secondary market costs less then the 5711/1a right now. Madness. Who’s buying?

[Xerxes77]

I think price it’s crazy!
I like 5711 but guys at this price I preffer 5990!

[kingofthehill]

Originally Posted by SigloII

Who’s buying?

To some extent, I have started to wonder why WIS are not selling, given that many might be interested in more complicated alternatives available at these prices. Lovely as it is, the 5711/1A is still just a watch at the end of the day.

[Marciano490]

Originally Posted by kingofthehill

To some extent, I have started to wonder why WIS are not selling, given that many might be interested in more complicated alternatives available at these prices. Lovely as it is, the 5711/1A is still just a watch at the end of the day.

FOMO.

We’re hearing stories about people who sold in the 30’s rueing their profit taking. Who wants to cut out now with things still going up.

It’s a nice watch, and I don’t want to put down anything anyone has spent money on, but I think anyone buying this watch today should ask themselves why they didn’t want it two years ago when it was in every window and AD at a discount.

That’s how I’ve stayed away.

[superstarmar]

Originally Posted by BobDyl

Sheer lunacy. I guess I could understand this had Patek announced they were discontinuing the 5711 and had no plans for a replacement. But they haven't. I have one, it's great but it's not $50K great. And Patek will keep making them (per year -- hundreds? thousands?) forever. What the heck is driving this madness? Why would you want a 5711 *that much*?

Originally Posted by sensui

Quoted for truth.

Exactly ...

[texasmade]

Originally Posted by Marciano490

It’s a nice watch, and I don’t want to put down anything anyone has spent money on, but I think anyone buying this watch today should ask themselves why they didn’t want it two years ago when it was in every window and AD at a discount.

That’s how I’ve stayed away.

I would’ve bought 2 years ago if I had the money. I can afford a $25k watch with some savings now but 2 years ago that was out of the question. Now the price has moved to $30k retail which again is now more than I’m comfort spending on something that’s not really needed. If I get another decent pay raise in the next 2 years my tune may change.

[BobDyl]

It just occurred to me that since I have one of the first series 5711's with the 315 movement, it's probably rarer than a unicorn. The first $1,000,000 takes it!

[MrGrayD]

Originally Posted by superstarmar

Exactly ...

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.

[GB-man]

First one who trades their 5711 straight up for a Lange updown Pt or 5170 is a trf legend

[Gharddog03]

Absurd

[Ichiran]

Originally Posted by AK797

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

Speaking of Chronext and 5711.. it reminds me of...

2018-03-20_8-48-39.png

[Starguru]

I’m interested to see what happens to prices during the next recession.


Sent from my iPhone using Tapatalk

[jschmidtdmd]

Originally Posted by Starguru

I’m interested to see what happens to prices during the next recession.


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This is exactly what I keep telling myself when I want a 5711 or another RM. Buying at the top of this market just isn’t wise.

[tng11]

Originally Posted by Starguru

I’m interested to see what happens to prices during the next recession.


Sent from my iPhone using Tapatalk

Prices will revert closer to MSRP. I remember the 5980/1A frenzy around 10 years ago - greys in HK were offering 100% above list for double sealed examples. By late 2008/early 2009, prices had fallen back to MSRP or even lower. All it takes is for some people to blink first and run for the exits to cash out at the peak.

[GB-man]

Originally Posted by Starguru

I’m interested to see what happens to prices during the next recession.


Sent from my iPhone using Tapatalk

Easy. Prices retreat to retail +- 10%.

[ezinhk]

It’s a nice watch, and I don’t want to put down anything anyone has spent money on, but I think anyone buying this watch today should ask themselves why they didn’t want it two years ago when it was in every window and AD at a discount.

That’s how I’ve stayed away.[/QUOTE]

I wuz offered a white dial 3 years ago but didn’t take it. Today, I still won’t take it...even for the same price. My 5726 is way better...lol!!!

[SL BRABUS]

Originally Posted by sensui

Quoted for truth.

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.....