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tyler1980 · 9 January 2018, 04:00 AM

went into Mappin and Webb today. Had a 5170G in the window, tried it on and asked for a discount. Lets just say it was less than 10%

Not in the market for one, but thought i would see what the deal is. It will still be there next year im sure.

dchang81 · 9 January 2018, 06:45 AM

reminds me of when I was shopping for my wifes Audi. she wanted manual so not much around. local dealer offered $400 off which was insulting. told them had several others offering 5k off, they laughed at me. ended up buying out of state where they threw in audicare too. just out of curiosity I checked the instate dealer, was listed at 9k off several years later.

mafoofan · 9 January 2018, 06:52 AM

Quote:

Originally Posted by tyler1980

went into Mappin and Webb today. Had a 5170G in the window, tried it on and asked for a discount. Lets just say it was less than 10%

Not in the market for one, but thought i would see what the deal is. It will still be there next year im sure.

Yeah, seems no AD anywhere wants to deal on these. Meanwhile, grey market dealers are selling for 25-30% off.

Broken system.

Murcielagoboy2 · 10 January 2018, 12:52 AM

PP have told many AD's explicitly that they are not allowed to discount heavily.
And i've been told by many AD's that they're scared of being mystery shopped by a PP Representative....
...so if you walk into an AD asking for a big chunk off the price, you're unlikely to get it.

However, if you're a well known grey market dealer that can keep his supplier secret then they've got a nice outlet for excess inventory...

AK797 · 10 January 2018, 01:02 AM

Quote:

Originally Posted by Murcielagoboy2

PP have told many AD's explicitly that they are not allowed to discount heavily.
And i've been told by many AD's that they're scared of being mystery shopped by a PP Representative....
...so if you walk into an AD asking for a big chunk off the price, you're unlikely to get it.

However, if you're a well known grey market dealer that can keep his supplier secret then they've got a nice outlet for excess inventory...

Not surprised to hear this, Rolex and PP are getting more proactive with ADs.

JorgeCCW · 10 January 2018, 06:33 AM

5170 is one of the best kept secrets in the Patek line up when you buy LNIB.
Buying it brand new from AD is suicide; the discount would have to be significantly high from the AD to make that move worth it.

dchang81 · 10 January 2018, 07:57 AM

market for the 5170 is making me debate trading my 5711 towards one.

nyc2la · 10 January 2018, 07:59 AM

Quote:

Originally Posted by dchang81

market for the 5170 is making me debate trading my 5711 towards one.

If you don’t have to, don’t! Last year, I traded my 5711 towards a “bigger” watch and wished I’d just held on and added.

dchang81 · 10 January 2018, 08:08 AM

if I'm to get something, a watch has to go. debated 5131 for a 5270 was talked out of it, yeah I'm guessing I'd regret the 5170. hell whenever I visit my dealer they say I have the watches everyone wants already anyways.

Marciano490 · 10 January 2018, 09:12 AM

Quote:

Originally Posted by dchang81

if I'm to get something, a watch has to go. debated 5131 for a 5270 was talked out of it, yeah I'm guessing I'd regret the 5170. hell whenever I visit my dealer they say I have the watches everyone wants already anyways.

That was smart. Seemes 5131 prices are headed back up again; the r at least.

Dr.Teatime · 10 January 2018, 10:14 AM

Most importantly- why isn’t Mafoofan at Piiti Uomo??

mafoofan · 12 January 2018, 02:39 AM

So, I found a potential deal. All in, ~$60K new from an authorized dealer. That is way over the $45-50K range people have been talking about for a used example, but not sure there is a better price to be had for a truly new watch with my name on the papers.

Worth it?

Vipes · 12 January 2018, 03:16 AM

Quote:

Originally Posted by mafoofan

So, I found a potential deal. All in, ~$60K new from an authorized dealer. That is a way over the $45-50K range people have been talking about for a used example, but not sure there is a better price to be had for a truly new watch with my name on the papers.

Worth it?

That's pretty good. If it's a keeper then I would buy it. If you flip later to a gray dealer then expect to lose about 20K.

tyler1980 · 12 January 2018, 03:28 AM

Quote:

Originally Posted by mafoofan

So, I found a potential deal. All in, ~$60K new from an authorized dealer. That is a way over the $45-50K range people have been talking about for a used example, but not sure there is a better price to be had for a truly new watch with my name on the papers.

Worth it?

I'd do it. New + name on papers matters to me vs the additional savings of used. Especially so for a grail type watch which that most certainly is.

mafoofan · 12 January 2018, 03:32 AM

Quote:

Originally Posted by Vipes

That's pretty good. If it's a keeper then I would buy it. If you flip later to a gray dealer then expect to lose about 20K.

Quote:

Originally Posted by tyler1980

I'd do it. New + name on papers matters to me vs the additional savings of used. Especially so for a grail type watch which that most certainly is.

Yeah, the potential loss if I trade later sounds painful, but can't really ask for a better deal I think.

I could, however, ask for an additional watch at a nice discount or perhaps a watch that is typically hard to get (Daytona? AP RO 15202?). Is that something dealers do?

Chiboy · 12 January 2018, 04:24 AM

It seems that the thread started with you saying that grays were selling them for 25% off an $81,000 MSRP. So this is right there, but from an AD with your name on it.

What a beautiful watch!

Tony64 · 12 January 2018, 04:44 AM

Quote:

Originally Posted by Chiboy

It seems that the thread started with you saying that grays were selling them for 25% off an $81,000 MSRP. So this is right there, but from an AD with your name on it.

What a beautiful watch!

^^^ Agree on all points.

Nothing standing in your way now OP - go for it and don't forget the requisite wristie.

myc ritz · 12 January 2018, 10:39 AM

AD at Bellagio was blowing out a white dial as they are discontinuing the line.

Calatrava r · 12 January 2018, 12:20 PM

Quote:

Originally Posted by Murcielagoboy2

PP have told many AD's explicitly that they are not allowed to discount heavily.
And i've been told by many AD's that they're scared of being mystery shopped by a PP Representative....
...so if you walk into an AD asking for a big chunk off the price, you're unlikely to get it.

However, if you're a well known grey market dealer that can keep his supplier secret then they've got a nice outlet for excess inventory...

All the nice watches end up on the internet at inflated prices. Why is that. I think you know the answer.

rossi46 · 12 January 2018, 05:38 PM

Quote:

Originally Posted by Calatrava r

Biggest problem is it competes heads up the Lange 1815 Chrono which retails for just over50K and can be had used for 35K.

Ding ding ding

Helmi · 12 January 2018, 07:52 PM

Quote:

Originally Posted by mafoofan

Yeah, seems no AD anywhere wants to deal on these. Meanwhile, grey market dealers are selling for 25-30% off.

Broken system.

True, Grey dealers make their margins from popular models and sell the slow moving models at very low or no margins. That is why the 5711s and daytonas command huge premiums to make up for the 5170s and similar.

Out of curiosity, what are the negative aspects of buying grey market? Why is it so important to have your name on the papers?

Tony64 · 12 January 2018, 11:19 PM

Quote:

Originally Posted by Helmi

Why is it so important to have your name on the papers?

Intangible.

It's a pride of ownership thing, signifying that you are the first and only owner of the watch.

(It's not a warranty issue if that's what you're asking)

AK797 · 13 January 2018, 01:15 AM

Quote:

Originally Posted by Helmi

True, Grey dealers make their margins from popular models and sell the slow moving models at very low or no margins. That is why the 5711s and daytonas command huge premiums to make up for the 5170s and similar.

Out of curiosity, what are the negative aspects of buying grey market? Why is it so important to have your name on the papers?

I think it's important on your first Patek, not so much after that, I chase the deal by then.

Helmi · 13 January 2018, 01:38 AM

Quote:

Originally Posted by Tony64

Intangible.

It's a pride of ownership thing, signifying that you are the first and only owner of the watch.

(It's not a warranty issue if that's what you're asking)

Exactly, as it seems, it is just an emotional aspect to record the memory. But how much is it worth? For a nautilus 11 or 12 yes it makes lot of sense because the cheapest place to get the watch in fact is the AD, but for 5170 which you can get a brand new one significantly cheaper in grey market, I think it is not worth paying 5-10 grand more to have your name on a piece of paper that will only see day light 5-10 times during the life time of the watch.

Just my opinion.

Sent from my iPad using Tapatalk

Wahlberg · 13 January 2018, 01:51 AM

Quote:

Originally Posted by myc ritz

AD at Bellagio was blowing out a white dial as they are discontinuing the line.

The whole line?

Does anyone know why?

tyler1980 · 13 January 2018, 02:06 AM

Quote:

Originally Posted by Helmi

Exactly, as it seems, it is just an emotional aspect to record the memory. But how much is it worth? For a nautilus 11 or 12 yes it makes lot of sense because the cheapest place to get the watch in fact is the AD, but for 5170 which you can get a brand new one significantly cheaper in grey market, I think it is not worth paying 5-10 grand more to have your name on a piece of paper that will only see day light 5-10 times during the life time of the watch.

Just my opinion.

Sent from my iPad using Tapatalk

You are trying to rationalize something that by every definition is irrational to begin with, which is buying a watch that retails for close to six figures. Wanting it to be in your name and paying extra to be the only owner is about the most rational thing about the entire situation if you think about it.

Murcielagoboy2 · 13 January 2018, 04:26 AM

Quote:

Originally Posted by tyler1980

You are trying to rationalize something that by every definition is irrational to begin with, which is buying a watch that retails for close to six figures. Wanting it to be in your name and paying extra to be the only owner is about the most rational thing about the entire situation if you think about it.

LOL! Funny.
And accurate too. I agree.

mafoofan · 13 January 2018, 05:04 AM

I don't think I'd pay $10K just to have my name on the papers. But in this case, the AD price winds up as low as or lower than the grey market prices. So why not?

Now, buying used LNIB would have saved a bunch--but thats a different story.

mafoofan · 13 January 2018, 05:04 AM

Is this a big enough purchase to get in front of the line for a Daytona?

UmichNJ · 13 January 2018, 10:10 AM

Quote:

Originally Posted by Wahlberg

The whole line?

Does anyone know why?

Tesorini is no longer an AD. I purchased a 5296g sector dial for 20% off about a month ago.

Sent from my iPhone using Tapatalk

10 January 2018, 06:33 AM	#36
JorgeCCW "TRF" Member Join Date: Jul 2013 Real Name: Jorge Location: Ohio, USA Watch: Rolex,Patek and AP Posts: 4,675	5170 is one of the best kept secrets in the Patek line up when you buy LNIB. Buying it brand new from AD is suicide; the discount would have to be significantly high from the AD to make that move worth it. __________________ -------------------------------------------------------------------------------------------------------------------------------- "Nothing happens until something moves " Albert Einstein

12 January 2018, 04:24 AM	#46
Chiboy "TRF" Member Join Date: Aug 2016 Location: Chicago Watch: Daytona Posts: 5,380	It seems that the thread started with you saying that grays were selling them for 25% off an $81,000 MSRP. So this is right there, but from an AD with your name on it. What a beautiful watch! __________________ Datejust w/black Tapestry dial (1985) / Daytona (2016)

9 January 2018, 04:00 AM	#31
tyler1980 "TRF" Member Join Date: Apr 2015 Location: Houston Posts: 17,622	went into Mappin and Webb today. Had a 5170G in the window, tried it on and asked for a discount. Lets just say it was less than 10% Not in the market for one, but thought i would see what the deal is. It will still be there next year im sure.

9 January 2018, 06:45 AM	#32
dchang81 2024 Pledge Member Join Date: Aug 2014 Location: Cleveland Posts: 2,041	reminds me of when I was shopping for my wifes Audi. she wanted manual so not much around. local dealer offered $400 off which was insulting. told them had several others offering 5k off, they laughed at me. ended up buying out of state where they threw in audicare too. just out of curiosity I checked the instate dealer, was listed at 9k off several years later.

10 January 2018, 12:52 AM	#34
Murcielagoboy2 "TRF" Member Join Date: Mar 2017 Location: London Posts: 431	PP have told many AD's explicitly that they are not allowed to discount heavily. And i've been told by many AD's that they're scared of being mystery shopped by a PP Representative.... ...so if you walk into an AD asking for a big chunk off the price, you're unlikely to get it. However, if you're a well known grey market dealer that can keep his supplier secret then they've got a nice outlet for excess inventory...

10 January 2018, 07:57 AM	#37
dchang81 2024 Pledge Member Join Date: Aug 2014 Location: Cleveland Posts: 2,041	market for the 5170 is making me debate trading my 5711 towards one.

10 January 2018, 08:08 AM	#39
dchang81 2024 Pledge Member Join Date: Aug 2014 Location: Cleveland Posts: 2,041	if I'm to get something, a watch has to go. debated 5131 for a 5270 was talked out of it, yeah I'm guessing I'd regret the 5170. hell whenever I visit my dealer they say I have the watches everyone wants already anyways.

10 January 2018, 10:14 AM	#41
Dr.Teatime "TRF" Member Join Date: Jul 2012 Location: PGH Posts: 99	Most importantly- why isn’t Mafoofan at Piiti Uomo??

12 January 2018, 02:39 AM	#42
mafoofan "TRF" Member Join Date: Oct 2014 Location: New York City Posts: 160	So, I found a potential deal. All in, ~$60K new from an authorized dealer. That is way over the $45-50K range people have been talking about for a used example, but not sure there is a better price to be had for a truly new watch with my name on the papers. Worth it?

12 January 2018, 10:39 AM	#48
myc ritz 2024 Pledge Member Join Date: Apr 2012 Location: USA Watch: AP, Speedy, Rolex Posts: 959	AD at Bellagio was blowing out a white dial as they are discontinuing the line.

13 January 2018, 05:04 AM	#58
mafoofan "TRF" Member Join Date: Oct 2014 Location: New York City Posts: 160	I don't think I'd pay $10K just to have my name on the papers. But in this case, the AD price winds up as low as or lower than the grey market prices. So why not? Now, buying used LNIB would have saved a bunch--but thats a different story.

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