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FTX I · 8 September 2019, 07:46 AM

Dear friends I know I don't belong here. Just an honest question please. Do you think people are really giving 70k on an 5711?

JR16 · 8 September 2019, 07:47 AM

Yes

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FTX I · 8 September 2019, 07:48 AM

Quote:

Originally Posted by JR16

Yes

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lol. Thanks

RHIII · 8 September 2019, 07:58 AM

A $70k 5711 -1a should come with some therapy sessions.

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chmhill · 8 September 2019, 07:59 AM

When will 5711 get discontinued?

FTX I · 8 September 2019, 08:19 AM

Quote:

Originally Posted by chmhill

When will 5711 get discontinued?

You mean like the hulk lol

FTX I · 8 September 2019, 08:20 AM

I'm not questioning market price. Just thinking out loud probably. As watch community we know better. Just curious if anyone here would actually pay that for one.

martinr · 8 September 2019, 08:33 AM

People are paying $400 for a t shirt that says Supreme on it!

Fat_ninja · 8 September 2019, 08:38 AM

3 months ago yes. Today maybe not

clarencek · 8 September 2019, 08:58 AM

Secondary prices are out of control. You can get a AP ROO for less than a Daytona now.
You can get a precious metal Daytona for less than SS. And even a Patek precious metal is also less than the secondary nautilus price.
It’s silly. I’m waiting it out.

tng11 · 8 September 2019, 09:13 AM

A close friend recently paid 65 for a late 2018. I thought he was crazy but I guess some people really want one bad enough.

GB-man · 8 September 2019, 09:38 AM

That would be over market in the states right now.

uscmatt99 · 8 September 2019, 09:54 AM

Quote:

Originally Posted by martinr

People are paying $400 for a t shirt that says Supreme on it!

Haha my brother in law is one of those guys. He gave me a Supreme fanny pack, but I guess you're supposed to wear it on the front of your chest? Not really my style, so I let my 10 year old son use it to carry his EpiPen around while we were traveling in London. Which we proceeded to forget at a restaurant one night. When you count the price of the EpiPen, we left a lot of money at the table! That and the whole life-saving medication issue

. So back to the restaurant I went

Kittayos · 8 September 2019, 11:22 AM

Supreme mike Tyson will cost you at least 1k. So 5711 being 70k is typical.

thomaspp · 8 September 2019, 12:13 PM

They are not

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tchaic · 8 September 2019, 12:33 PM

Is paying $30K for a stainless steel 3 hand watch perfectly logical but $60K insane? It’s all insane. Just pick your spot and go with it. If you make $100K a year and have a bunch of debt don’t do it. If you have $50M plus just pay what it takes to get what you want when you want.

benlee · 8 September 2019, 01:25 PM

Its all relative. 70k might be just chump change to the Super Rich. Kind of like we buy a Casio..

nick c · 8 September 2019, 01:35 PM

I seen in Toronto someone selling 5711 over 100k Canadian dollars.

kuota_kalibur · 8 September 2019, 01:41 PM

In my country, 100% yes. 70k and up.

kuota_kalibur · 8 September 2019, 01:41 PM

Quote:

Originally Posted by benlee

Its all relative. 70k might be just chump change to the Super Rich. Kind of like we buy a Casio..

Correct

chmhill · 8 September 2019, 01:52 PM

I heard 200k for a 5740, it it true?

GB-man · 8 September 2019, 03:38 PM

Quote:

Originally Posted by chmhill

I heard 200k for a 5740, it it true?

That is roughly what is being asked around here. No idea if they are getting it.

hng · 8 September 2019, 07:05 PM

A white 5711 posted for sale on the forum for 50k+q
As someone said the price has been taming a bit though
Perhaps will end up like property bubbles one day..?

Pongster · 8 September 2019, 08:25 PM

A friend just recently sold two in span of a week.

67K for a 2017 model and 71K for a 2018 model. And both are pre-owned. Not NOS.

Just happy i was able to get mine at retail two years ago.

AK797 · 8 September 2019, 09:53 PM

With Social Media, conspicuous consumption has gone thru the roof, so these ultra Veblen goods are still being bought even at these outrageous prices... but they are slightly coming down now, Chronext have wiped £6-10K off most off their Nautiluses.

baglady · 8 September 2019, 10:03 PM

Quote:

Originally Posted by AK797

With Social Media, conspicuous consumption has gone thru the roof, so these ultra Veblen goods are still being bought even at these outrageous prices... but they are slightly coming down now, Chronext have wiped £6-10K off most off their Nautiluses.

I'd argue it has less to do with social media and more to do with low interest rates. Money needs to go somewhere.

1William · 8 September 2019, 10:11 PM

Asking and getting are typically very different things. I do believe that customers do exist that will just pay but I think they are few and far between. The prices have eased up a bit and many lay it off to the time of the year. Maybe, but at some point it will correct and when it does it will be the biggest shakeout for watches we have ever seen. Many will lose a lot and the industry will never be the same again. And it only has itself to blame.

Calatrava r · 8 September 2019, 11:50 PM

Its the people who want the hot thing now and have incredible amounts of money. For someone who earns 200 million a year what is 70K? When these are no longer the cool thing the market corrects to MSRP or just over quickly because people will just not want them as much where they are more attainable. Status of having the impossible is then gone and the watch has to trade on its own merits.

Fat_ninja · 9 September 2019, 12:18 AM

Quote:

Originally Posted by chmhill

I heard 200k for a 5740, it it true?

Doubt it

RHIII · 9 September 2019, 12:54 AM

Quote:

Originally Posted by 1William

Asking and getting are typically very different things. I do believe that customers do exist that will just pay but I think they are few and far between. The prices have eased up a bit and many lay it off to the time of the year. Maybe, but at some point it will correct and when it does it will be the biggest shakeout for watches we have ever seen. Many will lose a lot and the industry will never be the same again. And it only has itself to blame.

100% agree

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8 September 2019, 07:46 AM	#1
FTX I "TRF" Member Join Date: Feb 2013 Real Name: Flavio Location: N/A Posts: 14,652	People are really paying 70k on a 5711? Dear friends I know I don't belong here. Just an honest question please. Do you think people are really giving 70k on an 5711?

8 September 2019, 07:58 AM	#4
RHIII Member Join Date: Jul 2014 Real Name: Roger Location: ... Watch: AP/Rolex/PP Posts: 6,309	People are really paying 70k on a 5711? A $70k 5711 -1a should come with some therapy sessions. Sent from my iPhone using Tapatalk

8 September 2019, 08:58 AM	#10
clarencek "TRF" Member Join Date: Apr 2009 Location: New York Posts: 400	Secondary prices are out of control. You can get a AP ROO for less than a Daytona now. You can get a precious metal Daytona for less than SS. And even a Patek precious metal is also less than the secondary nautilus price. It’s silly. I’m waiting it out. __________________ Citizen AQ4020-54X, NB6005-05L, NB6006-02X, Casio GMW-B5000TFC, MRG-B5000B, MTG-B1000XB, Hamilton Field Khaki H70605731, IWC IW356501, IWC387902, Longines Spirit L3.810.4.93.0, MKII PMWF Graywater GMT, Project 300, Omega 210.92.42.20.01.001, 304.33.44.52.03.001, Rolex 116400GV, 116520, 116610LV, 126600, 326933, Seiko SBGA001, SLA019, Sinn U1-ST

8 September 2019, 09:38 AM	#12
GB-man 2024 Pledge Member Join Date: Nov 2012 Location: USA Watch: addiction issues Posts: 36,859	That would be over market in the states right now. __________________

8 September 2019, 12:13 PM	#15
thomaspp "TRF" Member Join Date: Dec 2010 Location: N/A Posts: 11,136	They are not Sent from my iPhone using Tapatalk __________________ Instagram: @watches_anonymous

8 September 2019, 07:47 AM	#2
JR16 2024 Pledge Member Join Date: Jan 2013 Location: USA Posts: 6,186	Yes Sent from my iPhone using Tapatalk Pro

8 September 2019, 07:59 AM	#5
chmhill "TRF" Member Join Date: Mar 2015 Location: USA Watch: PP Posts: 239	When will 5711 get discontinued?

8 September 2019, 08:20 AM	#7
FTX I "TRF" Member Join Date: Feb 2013 Real Name: Flavio Location: N/A Posts: 14,652	I'm not questioning market price. Just thinking out loud probably. As watch community we know better. Just curious if anyone here would actually pay that for one.

8 September 2019, 08:33 AM	#8
martinr "TRF" Member Join Date: Jan 2013 Location: California Posts: 3,099	People are paying $400 for a t shirt that says Supreme on it!

8 September 2019, 08:38 AM	#9
Fat_ninja Banned Join Date: May 2018 Real Name: Jonathan Location: USA Watch: P-01 Posts: 11,772	3 months ago yes. Today maybe not

8 September 2019, 09:13 AM	#11
tng11 "TRF" Member Join Date: Jun 2016 Location: N/A Posts: 3,629	A close friend recently paid 65 for a late 2018. I thought he was crazy but I guess some people really want one bad enough.

8 September 2019, 11:22 AM	#14
Kittayos "TRF" Member Join Date: Aug 2013 Location: Bkk Posts: 309	Supreme mike Tyson will cost you at least 1k. So 5711 being 70k is typical.

8 September 2019, 12:33 PM	#16
tchaic "TRF" Member Join Date: Sep 2015 Real Name: Chris Location: USA Watch: Tag Heuer 2000 Posts: 490	Is paying $30K for a stainless steel 3 hand watch perfectly logical but $60K insane? It’s all insane. Just pick your spot and go with it. If you make $100K a year and have a bunch of debt don’t do it. If you have $50M plus just pay what it takes to get what you want when you want.

8 September 2019, 01:25 PM	#17
benlee "TRF" Member Join Date: Dec 2012 Real Name: Ben Location: SIN & JKT Watch: Rolex, AP, PP Posts: 9,873	Its all relative. 70k might be just chump change to the Super Rich. Kind of like we buy a Casio.. __________________ Follow me on Instagram : benlee789

8 September 2019, 01:35 PM	#18
nick c Banned Join Date: Feb 2012 Location: Canada Posts: 26,846	I seen in Toronto someone selling 5711 over 100k Canadian dollars.

8 September 2019, 01:41 PM	#19
kuota_kalibur "TRF" Member Join Date: Feb 2011 Location: Asia Posts: 219	Yes In my country, 100% yes. 70k and up.

8 September 2019, 01:52 PM	#21
chmhill "TRF" Member Join Date: Mar 2015 Location: USA Watch: PP Posts: 239	I heard 200k for a 5740, it it true?

8 September 2019, 07:05 PM	#23
hng "TRF" Member Join Date: Aug 2009 Real Name: HaNgat Location: Jakarta Watch: Sports Rolex Posts: 648	A white 5711 posted for sale on the forum for 50k+q As someone said the price has been taming a bit though Perhaps will end up like property bubbles one day..? __________________ Cartier Tank / Suunto Stinger / 16014 / 16610LV / PAM 233 / 116520 / 14060M / 16710 / Omega Constellation

8 September 2019, 08:25 PM	#24
Pongster "TRF" Member Join Date: Dec 2016 Location: Marikina Posts: 2,561	A friend just recently sold two in span of a week. 67K for a 2017 model and 71K for a 2018 model. And both are pre-owned. Not NOS. Just happy i was able to get mine at retail two years ago.

8 September 2019, 09:53 PM	#25
AK797 2024 Pledge Member Join Date: Feb 2010 Real Name: Neil Location: UK Watch: ing ships roll in Posts: 59,225	With Social Media, conspicuous consumption has gone thru the roof, so these ultra Veblen goods are still being bought even at these outrageous prices... but they are slightly coming down now, Chronext have wiped £6-10K off most off their Nautiluses.

8 September 2019, 10:11 PM	#27
1William 2024 ROLEX DATEJUST41 Pledge Member Join Date: Nov 2010 Location: North Carolina Watch: Rolex/Others Posts: 44,731	Asking and getting are typically very different things. I do believe that customers do exist that will just pay but I think they are few and far between. The prices have eased up a bit and many lay it off to the time of the year. Maybe, but at some point it will correct and when it does it will be the biggest shakeout for watches we have ever seen. Many will lose a lot and the industry will never be the same again. And it only has itself to blame.

8 September 2019, 11:50 PM	#28
Calatrava r 2024 Pledge Member Join Date: Mar 2017 Location: United States Watch: Rolex and Patek Posts: 10,590	Its the people who want the hot thing now and have incredible amounts of money. For someone who earns 200 million a year what is 70K? When these are no longer the cool thing the market corrects to MSRP or just over quickly because people will just not want them as much where they are more attainable. Status of having the impossible is then gone and the watch has to trade on its own merits.

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