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20 May 2019, 06:48 AM | #1 |
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I just noticed a watch like my 5980-1r on Chono24 for $170,000 dollars!
Have the prices on the 5980-1r really gotten that outrageous? I paid under 95,000 with a 5% discount. Oh, how times have changed. I wear my watch at least once a week in rotation, but I never pictured myself wearing a watch that now is selling for $170,000. Ridiculous!
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20 May 2019, 06:53 AM | #2 |
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Join Date: Aug 2016
Location: Down by the shore
Watch: 5712a,5170P,5980R,
Posts: 441
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Yep! This market went bananas .
My friend just paid $150k Sent from my iPhone using Tapatalk |
20 May 2019, 06:54 AM | #3 |
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Join Date: May 2019
Location: Nyc
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Definately does not sell for 170k and just enjoy...... As I enjoy my everyday almost
Sent from my SM-G950U using Tapatalk |
20 May 2019, 07:24 AM | #4 |
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Real Name: Jonathan
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20 May 2019, 07:25 AM | #5 |
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Join Date: May 2019
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20 May 2019, 07:28 AM | #6 |
Banned
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Real Name: Jonathan
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Posts: 11,772
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20 May 2019, 07:32 AM | #7 |
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Join Date: May 2019
Location: Nyc
Posts: 57
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20 May 2019, 07:36 AM | #8 |
Banned
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Real Name: Jonathan
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20 May 2019, 07:46 AM | #9 | |
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Join Date: May 2019
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Quote:
Sent from my SM-G950U using Tapatalk |
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20 May 2019, 07:53 AM | #10 |
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Real Name: Neil
Location: UK
Watch: ing ships roll in
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20 May 2019, 08:17 AM | #11 | |
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Join Date: May 2019
Location: Nyc
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Quote:
Sent from my SM-G950U using Tapatalk |
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20 May 2019, 08:34 AM | #12 | |
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Join Date: Feb 2010
Real Name: Neil
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Watch: ing ships roll in
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Quote:
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20 May 2019, 08:36 AM | #13 |
"TRF" Member
Join Date: Aug 2016
Location: Down by the shore
Watch: 5712a,5170P,5980R,
Posts: 441
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20 May 2019, 08:37 AM | #14 |
"TRF" Member
Join Date: Aug 2016
Location: Down by the shore
Watch: 5712a,5170P,5980R,
Posts: 441
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20 May 2019, 08:43 AM | #15 |
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Join Date: Mar 2012
Location: NJ
Watch: Day-Date
Posts: 4,056
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I’m just going to keep on wearing it, I was just floored by the sale price. I have never purchased a watch for an investment but in these crazy times I think we’re all doing fairly well with Rolex and Patek.
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20 May 2019, 08:47 AM | #16 |
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20 May 2019, 06:56 PM | #17 |
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Watch: Swiss
Posts: 2,270
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Since everyone is posting their $170,000 snap, I want to join in as well I paid around 80K for it Sent from my iPhone using Tapatalk |
20 May 2019, 08:01 PM | #18 |
Banned
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Watch: P-01
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20 May 2019, 09:15 PM | #19 |
2024 Pledge Member
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Real Name: Neil
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I try not to think about the latest price of my RG Nautilus when wearing it, I think of how low balled you'd get from a big dealer so that takes the edge off, otherwise it gets very vertiginous and I'm already scared of heights.
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21 May 2019, 04:18 AM | #20 |
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Location: NJ
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Damn I haven't worn mine in ages...didn't realize they were trading so high.
May be time to move mine |
21 May 2019, 04:27 AM | #21 | |
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Real Name: John
Location: Denver
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Quote:
That's my general thought too- sell high and wait it out.
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21 May 2019, 01:05 PM | #22 |
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Watch: addiction issues
Posts: 36,864
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I’d sell but that’s me.
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21 May 2019, 01:49 PM | #23 |
Banned
Join Date: Jul 2018
Location: Moon
Watch: Swiss
Posts: 2,270
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I've been chasing my AD from here to the end of the world. They said it's nearly there, but then changed the tone a few days later to "we hope Patek will fulfill this order as we haven't heard from them with any updates". WTF?
I suspect I'll hear that it has landed after June 1st, so they can earn an extra 4%. |
30 May 2019, 01:01 AM | #24 |
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5980/1A was sold at Christie's Hong Kong in 27 May for HKD 687 000 including the buyers premium.
https://www.christies.com/lotfinder/...6-d7a4f0222ab9 |
30 May 2019, 02:03 AM | #25 |
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Location: Cleveland
Posts: 2,043
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Wow, to think that there used to be a lot of old stock for the 5980a sitting in windows for a long time. A few years ago a dealer in Boston went out of business and it was 30% off and even then it sat. Would've could've should've I guess
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30 May 2019, 06:17 PM | #26 |
Banned
Join Date: Jul 2018
Location: Moon
Watch: Swiss
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That must have been the pre-2015 interest in Patek. My friend got a 5980A with 15% off many years ago. Those many years ago I couldn't justify paying 40-50K for a steel watch. Now I somehow can
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1 June 2019, 04:25 AM | #27 |
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Location: London
Posts: 15
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1 June 2019, 04:51 AM | #28 |
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Real Name: Ben
Location: SIN & JKT
Watch: Rolex, AP, PP
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I just realized I havent been wearing mine recently. Maybe subconsciencely afraid of scratching it.
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1 June 2019, 05:05 AM | #29 | |
2024 Pledge Member
Join Date: Nov 2012
Location: USA
Watch: addiction issues
Posts: 36,864
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Quote:
2014 they couldn’t give steel 5980 away. Every Patek dealer I walked into had 2. Once I saw 3 two in the window and one in the case. Tried a used blue 5980 on at tourneau and remember thinking it was whack. Hard pass at 40k asking.
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1 June 2019, 09:51 AM | #30 | |
"TRF" Member
Join Date: Jun 2015
Real Name: KIRBY
Location: USA
Watch: Patek 5980/1A
Posts: 132
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Quote:
Do you regret not getting one now? Does the price increase make your opinion change of the 5980 now? Curious your opinion is very strong about the watch, I wonder what others see that you don’t like? In my opinion it checks a lot of boxes 1- discontinued 2- SS patek 3- blue dial 4- first in house chrono movement 5-30 year anniversary 6- some come with Geneva seal |
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