5270 p

[Token74]

Originally Posted by GB-man

Cough up 40k more and go 5370

Love this! My family and friends know I’m a watch enthusiast but most have no idea what they they cost. I’d love to see their faces if they had a look at this forum and saw a post that says, just chuck another 40k on top!!


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[Russell996]

Originally Posted by ragsk

Doesn't the £ price include 20% VAT though?

Most people do unfortunately pay VAT.
OP I think is in the US buying from his local AD and FN I believe is a US buyer so I assume both would be paying a price including VAT/local taxes.

[AshAP]

Originally Posted by nyc2la

I vote go for it. Buy it right and enjoy the heck out of it!

This watch and strap combination is stunning.


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[Passionata]

Originally Posted by pam66

i got into platinum showers recently.

Bit overdone mate

[Passionata]

Originally Posted by Patekandrolex

do u guys think this piece can double their price later?

I think no ,PCC are top watches but I think those are popular only among hardcore collectors(connoisseurs),if you can convince Travis Scott wearing it maybe push the secondary market price but until that you should wait patiently

[ragsk]

Originally Posted by Russell996

Most people do unfortunately pay VAT.
OP I think is in the US buying from his local AD and FN I believe is a US buyer so I assume both would be paying a price including VAT/local taxes.

That was my point - I don't think the US price includes any taxes whilst your UK one includes a full 20% tax add on. Even if it did include US sales tax, its much less than 20% I believe.

So the two prices are not apples to apples when you were referring to a 32% discount. I don't think the OP is getting anywhere near that. Otherwise I would like one as well !

[ragsk]

Originally Posted by AshAP

This watch and strap combination is stunning.


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It is a thing of beauty for sure!

Did you get your 5711 Ash?

[AshAP]

Originally Posted by ragsk

It is a thing of beauty for sure!



Did you get your 5711 Ash?

Not yet, I’m in to single digits on the wait list now though. I also have my name on a blue dial 5726. Not sure which will come first, I’m 50 next year so I’m going to start pushing for delivery for my birthday, hopefully this will give them something to focus on as I was originally quoted 18 months in view of my long standing history with them.


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[Russell996]

Originally Posted by ragsk

That was my point - I don't think the US price includes any taxes whilst your UK one includes a full 20% tax add on. Even if it did include US sales tax, its much less than 20% I believe.

So the two prices are not apples to apples when you were referring to a 32% discount. I don't think the OP is getting anywhere near that. Otherwise I would like one as well !

I understood US prices are at least comparable to the UK? Perhaps it would be helpful to know the US list price including taxes.

[ragsk]

Originally Posted by AshAP

Not yet, I’m in to single digits on the wait list now though. I also have my name on a blue dial 5726. Not sure which will come first, I’m 50 next year so I’m going to start pushing for delivery for my birthday, hopefully this will give them something to focus on as I was originally quoted 18 months in view of my long standing history with them.


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Ok great. The 5726 is lovely. The chances of me getting that anytime soon are close to zero.

Im just holding my breath that I get the 5740 at some point this year. Been waiting for it for a while....

[ragsk]

Originally Posted by Russell996

I understood US prices are at least comparable to the UK? Perhaps it would be helpful to know the US list price including taxes.

Dont know?

Anyone know the US list price of the 5270p in the US pre taxes ?

[Nat123]

In the US it’s $192780 list price. Different states add sales tax 0-8%.
Most AD might discount 5-10%. Some won’t at all.

[Fat_ninja]

Originally Posted by Russell996

I understood US prices are at least comparable to the UK? Perhaps it would be helpful to know the US list price including taxes.

When danestaff came to visit, we went to a few patek/rolex dealers. The Us fully loaded on almost all the prices was 20% more expensive if I remember and that’s not including the VAT rebate.



The reason I mentioned the big discount was because Jame’s AD is probably trying to liquidate the watches since he may loss his license. seen that a few time’s. Once with Patek and once with Panerai

[Russell996]

Originally Posted by Nat123

In the US it’s $192780 list price. Different states add sales tax 0-8%.
Most AD might discount 5-10%. Some won’t at all.

Originally Posted by ragsk

Dont know?

Anyone know the US list price of the 5270p in the US pre taxes ?

Originally Posted by Fat_ninja

When danestaff came to visit, we went to a few patek/rolex dealers. The Us fully loaded on almost all the prices was 20% more expensive if I remember and that’s not including the VAT rebate.

On current exchange rates the prices on the 5270P look very comparable UK to US depending on local sales tax levied. I think UK discount is very unlikely and VAT rebate only applies to foreign buyers.

[Kittayos]

I don't think any AD in the US will do more than 10% discount on 5270p.

[Fat_ninja]

Originally Posted by Kittayos

I don't think any AD in the US will do more than 10% discount on 5270p.

Except ones that are losing their status and liquidating

[Humble michael]

Don’t know whether this ad is losing status yet - anyhow I was offered this piece for 160k Us . Lots of Dinero! :-))

[Fat_ninja]

Originally Posted by james272

Don’t know whether this ad is losing status yet - anyhow I was offered this piece for 160k Us . Lots of Dinero! :-))

James if you’re guy is losing status... I would start figuring out what inventory they have and pounce when time comes.

[Fat_ninja]

Originally Posted by james272

Don’t know whether this ad is losing status yet - anyhow I was offered this piece for 160k Us . Lots of Dinero! :-))

James if your guy is losing status... I would start figuring out what inventory they have and pounce when time comes.

[Humble michael]

Ha good one Jon! Maybe as a ninja you could help me do some pouncing when the time comes. :-)))

[ragsk]

Originally Posted by Russell996

On current exchange rates the prices on the 5270P look very comparable UK to US depending on local sales tax levied. I think UK discount is very unlikely and VAT rebate only applies to foreign buyers.

You have to remove the impact of sales tax / VAT to really compare prices.

So in the UK the net of tax price is £147,570 / 1.2 = £122,975
The current £ to $ exchange rate is 1.30. So in $ that price is £122.975 x 1.3 = $159,868

That compares to a US list price of $192,780. So the 5270p is $192,780 - £159.868 = $32,912 "cheaper" in the UK. Two ways to look at it - either Patek is charging US buyers too much or charging UK buyers too little. Either way, they are currently making less profit on 5270p watches sold in the UK.

A few months ago that difference would have been even worse as the pound was even weaker. Will this situation continue indefinitely? I dont think so as the £s natural home is at around the $1.45 to $1.60 level. Prices will go back to being more equal at some point and I bet thats what Patek and Rolex expect too and are not increasing UK prices to equalise as they will have to decrease when the situation changes. In addition its also about affordability for UK buyers who earn and pay in £ regardless of the exchange rate.

AP on the other hand are equalising prices as they go along. UK prices have gone up considerably in £. On the same basis I would expect price drops when the £ gets stronger.

[watchucallit]

It is worse in the USA depending on the state you live because in some states like California add 10% tax and many out of state businesses are not required to add and pay Ca tax even if they ship out of state

Originally Posted by ragsk

You have to remove the impact of sales tax / VAT to really compare prices.

So in the UK the net of tax price is £147,570 / 1.2 = £122,975
The current £ to $ exchange rate is 1.30. So in $ that price is £122.975 x 1.3 = $159,868

That compares to a US list price of $192,780. So the 5270p is $192,780 - £159.868 = $32,912 "cheaper" in the UK. Two ways to look at it - either Patek is charging US buyers too much or charging UK buyers too little. Either way, they are currently making less profit on 5270p watches sold in the UK.

A few months ago that difference would have been even worse as the pound was even weaker. Will this situation continue indefinitely? I dont think so as the £s natural home is at around the $1.45 to $1.60 level. Prices will go back to being more equal at some point and I bet thats what Patek and Rolex expect too and are not increasing UK prices to equalise as they will have to decrease when the situation changes. In addition its also about affordability for UK buyers who earn and pay in £ regardless of the exchange rate.

AP on the other hand are equalising prices as they go along. UK prices have gone up considerably in £. On the same basis I would expect price drops when the £ gets stronger.

[GeraldGentaFan]

Originally Posted by Kittayos

List price in Switzerland is now 170k CHF. Zero % discount is typical for such a model. You do get 7.7% VAT. Still, 163k USD. If you can score 150k, I will not hesitate to pull a trigger.

You can always kindly ask for a nautilus after you purchase this model. I’m sure you will be the very first customer to get it.

Unfortunately buying a 5270p will not get you a top spot for a Nautilus. If the 5270 is your first purchase, it will still be very hard to get a Nautilus and a multi year wait. But it is definitely a good start to building a relationship with an AD.

[Russell996]

Originally Posted by ragsk

You have to remove the impact of sales tax / VAT to really compare prices.

Why?

If you have to pay it you can’t ignore it.

[soundserious]

Originally Posted by GeraldGentaFan

Unfortunately buying a 5270p will not get you a top spot for a Nautilus. If the 5270 is your first purchase, it will still be very hard to get a Nautilus and a multi year wait. But it is definitely a good start to building a relationship with an AD.

Come on. Shirley you jest!

[GB-man]

Originally Posted by Token74

Love this! My family and friends know I’m a watch enthusiast but most have no idea what they they cost. I’d love to see their faces if they had a look at this forum and saw a post that says, just chuck another 40k on top!!


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Easy to spend other peoples cash lol

Originally Posted by GeraldGentaFan

Unfortunately buying a 5270p will not get you a top spot for a Nautilus. If the 5270 is your first purchase, it will still be very hard to get a Nautilus and a multi year wait. But it is definitely a good start to building a relationship with an AD.

what nonsense

[Fat_ninja]

Originally Posted by soundserious

Come on. Shirley you jest!

Maybe in Uk its different than everywhere else in the World. They got special rules. I feel like the UK works off a different secret code.


Danestaff use to bake cakes to move up the list

[ragsk]

Originally Posted by Russell996

Why?

If you have to pay it you can’t ignore it.

I am not saying you should ignore VAT. As UK buyers we cant. The question is however of price comparison between the US and the UK.

You and I as UK residents have to pay 20% VAT regardless of whether you buy it in the US or the UK. So in your case you have to compare the UK price (including VAT) to the US price plus 20% VAT. The price differential between the two countries still holds. You would be paying a lot more than the UK price if you bought your 5270p from the US and imported it in. Similarly a US buyer would pay a lot less if he bought the 5270p in the UK and took it back to the US rather than buy the watch in the US itself.

I think the point you are making is how much a UK domiciled buyer pays versus a US buyer in their respective markets. Yes, the tax in the UK is a much higher burden.

[ragsk]

Originally Posted by Fat_ninja

Maybe in Uk its different than everywhere else in the World. They got special rules. I feel like the UK works off a different secret code.


Danestaff use to bake cakes to move up the list

I am willing to bake anyhting to get a 5740

[martinr]

USA prices on the patek website are always without tax. Sales tax varies by county. 9.5 % from my AD but 7.75 % where I live. Some states don’t have sales tax. Ship it there and avoid the tax, not really legal but it’s done all the time.