Price increase

[Carry The Interest]

Just checked the website on my computer and prices are still there. FYI you need to click the down arrow below the "Introduction" section for the price to appear.

[AK797]

Originally Posted by Marciano490

I have no idea how to bet this game. I’m hoping the line gets a little lower so I can buy points down to Pats -2.5. Otherwise, I might tease them and the under.

And, traitors? You really want us back right now?

I was gonna say we'll take your stock market but that was before the Russian Central Bank collapsed all our markets... what a difference a week makes...

[SDDS]

Originally Posted by Sam Philip

Prices are still there

Sent from my iPhone using Tapatalk

[SDDS]

Originally Posted by Carry The Interest

Just checked the website on my computer and prices are still there. FYI you need to click the down arrow below the "Introduction" section for the price to appear.

Thats what i did actually, its not the first time that i check prices on patek website i dont know what’s happening

Anyways since you guys confirmed that, so the problem is from me :)

Here is a snapshot



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[Carry The Interest]

Originally Posted by SDDS

Thats what i did actually, its not the first time that i check prices on patek website i dont know what’s happening

Anyways since you guys confirmed that, so the problem is from me :)

Here is a snapshot

Sent from my iPhone using Tapatalk

Very strange. I just checked on my iPhone. Price appears on my phone when I clicked the down arrow. Don't have enough posts to share an imagine but I assure you it was there when I looked on my phone.

[SDweller4000]

Yah just checked also. Prices are there for me, with no price change either as of now. Weird what’s happening to you.

[SDDS]

Originally Posted by SDweller4000

Yah just checked also. Prices are there for me, with no price change either as of now. Weird what’s happening to you.

I guess i will check later, thank you guys for your input :):)


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[tyler1980]

Prices now show in GBP and not CHF here in the UK as of today.... seems like they were updating to actually show prices in local currency

[onmyhand]

Originally Posted by tyler1980

Prices now show in GBP and not CHF here in the UK as of today.... seems like they were updating to actually show prices in local currency

Likewise in Singapore. Where it used to show prices in CHF, it is now in Sing Dollars

[Cristobal78]

I don’t think there will be a price change till March 1st

[AK797]

Recent market falls have done nothing to dent greys, rather the opposite, white, blue and RG Nautiluses are all up £1-2K in last few days, having been stable for a while.

https://www.chronext.co.uk/buy?q=5711

[soundserious]

Market volatility = higher prices for these watches on the secondary market.

[Carry The Interest]

Originally Posted by AK797

Recent market falls have done nothing to dent greys, rather the opposite, white, blue and RG Nautiluses are all up £1-2K in last few days, having been stable for a while.

Was just talking about this with a friend and a AD yesterday. The latter was telling us how he just heard about a 5711 selling for $46K USD - not sure if he was just adding to the hype or if it was actually the case.

My question to some of the readers here - have you heard of anyone actually paying the ~$45K for the 5711? I know there are various listings online for the piece around that price, but are people actually selling them for that price? I'm sure there are some out there where price is truly irrelevant, but that can't be the norm when it comes to grey market behavior.

From my own recent experience, I know an AD that also sells certified uses pieces on the side (trade-ins from clients looking to trade up). He just received a very good/like new condition 5712 back from Patek's service center two days ago. Sold it within 48 hours for $36K before tax. I know because I had the chance to buy it and passed it on to a friend who's been waiting for the 5712 (I am just dead set on the 5711). Obviously it's a different situation since he is also an AD and cannot be selling used watches for absurd premiums to new MSRP, but it's a legitimate data point I can hang my hat on.

[tyler1980]

Originally Posted by Carry The Interest

Obviously it's a different situation since he is also an AD and cannot be selling used watches for absurd premiums to new MSRP, but it's a legitimate data point I can hang my hat on.

I beg to differ. The AD that caused so much drama on the forum recently does just that. Hugely inflated used watches and are an AD.

[Marciano490]

Originally Posted by Carry The Interest

Was just talking about this with a friend and a AD yesterday. The latter was telling us how he just heard about a 5711 selling for $46K USD - not sure if he was just adding to the hype or if it was actually the case.

My question to some of the readers here - have you heard of anyone actually paying the ~$45K for the 5711? I know there are various listings online for the piece around that price, but are people actually selling them for that price? I'm sure there are some out there where price is truly irrelevant, but that can't be the norm when it comes to grey market behavior.

From my own recent experience, I know an AD that also sells certified uses pieces on the side (trade-ins from clients looking to trade up). He just received a very good/like new condition 5712 back from Patek's service center two days ago. Sold it within 48 hours for $36K before tax. I know because I had the chance to buy it and passed it on to a friend who's been waiting for the 5712 (I am just dead set on the 5711). Obviously it's a different situation since he is also an AD and cannot be selling used watches for absurd premiums to new MSRP, but it's a legitimate data point I can hang my hat on.

I know someone who paid 48k for a 5711. But it was me, and it was a 5711r.

[tng11]

I get blank pricing up here in Canada. If I use a VPN with a US IP address, I get prices in USD.

[tyler1980]

Originally Posted by tng11

I get blank pricing up here in Canada. If I use a VPN with a US IP address, I get prices in USD.

its only canada.... im sure they will get around to it sometime.

You guys are so polite up there they know you will wait.

[Carry The Interest]

Originally Posted by tyler1980

I beg to differ. The AD that caused so much drama on the forum recently does just that. Hugely inflated used watches and are an AD.

Interesting - I'll have to search and look into that. Curious if anything happened to the dealer's relationship with the Patek mothership. Doesn't that kind of selling behavior from an AD fuel the exact problem Patek is trying to combat with the price hike?

[tyler1980]

Originally Posted by Carry The Interest

Interesting - I'll have to search and look into that. Curious if anything happened to the dealer's relationship with the Patek mothership. Doesn't that kind of selling behavior from an AD fuel the exact problem Patek is trying to combat with the price hike?

nothing happened... do a search sort by views. its in the top 10

[SDDS]

Originally Posted by tng11

I get blank pricing up here in Canada. If I use a VPN with a US IP address, I get prices in USD.

Ok i see so thats the problem iam facing i have to use VPN :) thanks

Before i was able to see the prices


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[SDDS]

Originally Posted by tyler1980

its only canada.... im sure they will get around to it sometime.

You guys are so polite up there they know you will wait.

Very true , we have no choice


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[kingofthehill]

Originally Posted by AK797

Recent market falls have done nothing to dent greys, rather the opposite, white, blue and RG Nautiluses are all up £1-2K in last few days, having been stable for a while.

https://www.chronext.co.uk/buy?q=5711

There is a fairly healthy premium developing on the 5712R based on these numbers.

[AK797]

Originally Posted by kingofthehill

There is a fairly healthy premium developing on the 5712R based on these numbers.

Not looked before but the G and R premiums are really very different.

[AJW232]

Originally Posted by onmyhand

Likewise in Singapore. Where it used to show prices in CHF, it is now in Sing Dollars

I’m in Singapore at the moment and it’s still showing me pricing in gbp £! I’ve tried clearing cookies etc and still hasn’t worked. Any chance you could tell me pricing for 5167r and 5168g if you don’t mind?

[SDweller4000]

Originally Posted by AJW232

I’m in Singapore at the moment and it’s still showing me pricing in gbp £! I’ve tried clearing cookies etc and still hasn’t worked. Any chance you could tell me pricing for 5167r and 5168g if you don’t mind?

5167R= $35,500 US = 47140 SGD
5168G= $38,560 US = 51,200 SGD
Rounded to the nearest 10.
Hope this helps.
That’s just based on live currency conversion so don’t quote me lol.

[GB-man]

The fact that we have had this much dialogue about prices and them going up up up is truly a sign, to me anyways, of where we stand.

[onmyhand]

Originally Posted by AJW232

I’m in Singapore at the moment and it’s still showing me pricing in gbp £! I’ve tried clearing cookies etc and still hasn’t worked. Any chance you could tell me pricing for 5167r and 5168g if you don’t mind?

Actual retail price:
5167R @ S$46,800
5168G @ S$50,800

[AJW232]

Originally Posted by SDweller4000

5167R= $35,500 US = 47140 SGD
5168G= $38,560 US = 51,200 SGD
Rounded to the nearest 10.
Hope this helps.
That’s just based on live currency conversion so don’t quote me lol.

Originally Posted by onmyhand

Actual retail price:
5167R @ S$46,800
5168G @ S$50,800

Thanks! Quite a bit cheaper than UK even without GST rebate.

[onmyhand]

Originally Posted by AJW232

Thanks! Quite a bit cheaper than UK even without GST rebate.

Thanks for your info on the UK market. Have a nice stay in Singapore.

[Hendrikus]

I find this all rather confusing.

So my AD told me last week (following the arrival of my watch) that if I did not pay the monies before end of February, they had no choice but as of 1st March to impose the new, increased prices.

Users elsewhere on this Board have indicated that there is no 1st March increase, but I saw your post which accorded with that I was told. That said, on the Patek website today the price is exactly as I paid for it and has not been increased.

Whilst I am not too concerned at all about whether or not Patek have increased prices, what I would be unhappy about is if an AD made up information about a bogus price increase in order to pressure a customer in to making a rushed decision or paying more quickly than they can comfortably do (i.e. I was not able to wait 7 days for some monies to be transferred from an investment, meaning I had to use a credit card and incur some fees). I was happy to do that if it meant I was avoiding a price increase but if in fact there was no price increase I have incurred fees I did not need to incur (I could have just paid a deposit and gone back 7 days later to settle the balance).

Can anyone solve this debate?!