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Old 9 October 2019, 11:47 AM   #91
locutus49
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Since you are an author could you please explain that last sentence to me? I read it three times and still don't know what it means. No reflection on you, it is late and I am dense.

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Originally Posted by patriot885 View Post
My race is different than watch dealing (I am a lawyer and an author).

However, i do own a 5726/1A-001 (bracelet) which i chose over a 5712/1A-001
(both on retail in AD), although "everyone" and the AD himself push me to get the 5712 (it's hot it's like a stock, the 5726 is unwanted and so on). So i can't be considered in the "race".
Of course, the reward for a man with his own principles came in the recent position of my watch as the most sought after steel nautilus (still, not for sale).
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Old 9 October 2019, 03:46 PM   #92
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I was at the auction. The 90k is NOT inclusive of the 25%. All in for the buyer is 112.5k usd.

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He could have saved 10K if he had gone to Chrono24. Probably could have saved a bit more if he had haggled with the seller on C24.
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Old 9 October 2019, 05:49 PM   #93
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I was at the auction. The 90k is NOT inclusive of the 25%. All in for the buyer is 112.5k usd.

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That is not what Sotheby's results show, their terms and conditions state that results include hammer price and the buyer's premium. This is done so you can compare auction results Worldwide.
This figure is also inline with a previous sale back in March 2019 of $92,500 inc buyers premium. If you go back to December 2018 one sold for $75,000 inc buyers premium.
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Old 9 October 2019, 07:18 PM   #94
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So much for all my retirement dreams.... I’ll be greeting at Walmart until I die now


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Look on the bright side buddy, they got subways or McDonald’s by the door.
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Old 9 October 2019, 08:36 PM   #95
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Look on the bright side buddy, they got subways or McDonald’s by the door.


McDonalds makes Fatter Ninjas....


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Old 9 October 2019, 09:20 PM   #96
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A quick check of Sotheby's show that the 5980 sold all in at $90k USD

The 5711 sold at $76k
And the 5712 at $82k+

I don't know that I call that soft

BTW the 5167 sold at $41k.
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Old 9 October 2019, 09:24 PM   #97
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Originally Posted by locutus49 View Post
Since you are an author could you please explain that last sentence to me? I read it three times and still don't know what it means. No reflection on you, it is late and I am dense.
He just means his 5726 is now very sought after, before it wasn't.
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Old 10 October 2019, 01:50 AM   #98
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I was at the auction. The 90k is NOT inclusive of the 25%. All in for the buyer is 112.5k usd.

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Incorrect. I watched it live as well. Auction hammer was 650k HKD ($82.8k) and all in posted price with all fees is 712.5k HKD which is $90.8k USD.
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Old 10 October 2019, 02:00 AM   #99
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McDonalds makes Fatter Ninjas....


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I don’t do McD bro

Lunch...
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Old 10 October 2019, 02:40 AM   #100
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I don’t do McD bro



Lunch...



Looks like a nice free lunch


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Old 10 October 2019, 03:57 AM   #101
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I don’t do McD bro

Lunch...
The secret room at the Patek Salon where you wait while your watch is being serviced?
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Old 10 October 2019, 04:07 AM   #102
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The secret room at the Patek Salon where you wait while your watch is being serviced?
Naw milos
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Old 10 October 2019, 04:08 AM   #103
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Looks like a nice free lunch


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I pay for it in my own way :)
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Old 10 October 2019, 04:28 AM   #104
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The price is not the actual hammer price but the price with 20% buyer commission on top.
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Old 10 October 2019, 05:55 AM   #105
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Auctions for "common" rare steel sports models are a joke in my opinion.

Why anyone would buy a 5711 at an auction vs. getting from one of the trusted greys is beyond me.
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Old 10 October 2019, 05:56 AM   #106
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And yes, I said common.

Anyone who thinks the Nautilus is a rare piece is kidding themselves. :) The demand outstrips supply, but that doesn't make it "not common" -- the Nautilus is intended to be the entry-point for a younger generation into Patek's grasp. And let's not forget that it was only 2-3 years ago that no one really wanted one (Mr. Stern himself claims and admits this).
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Old 10 October 2019, 06:58 AM   #107
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And yes, I said common.

Anyone who thinks the Nautilus is a rare piece is kidding themselves. :) The demand outstrips supply, but that doesn't make it "not common" -- the Nautilus is intended to be the entry-point for a younger generation into Patek's grasp. And let's not forget that it was only 2-3 years ago that no one really wanted one (Mr. Stern himself claims and admits this).
Honestly, 2-3 years ago you couldn't just buy a 5711 off the shelf where I live in Europe. Even getting on a wait list was already tricky back then w/o any purchase history. Wempe and Bucherer basically laughed me out of their stores in 2015, just too much money floating around even back then.
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Old 10 October 2019, 07:18 AM   #108
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And let's not forget that it was only 2-3 years ago that no one really wanted one (Mr. Stern himself claims and admits this).
This is nonsense.
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Old 10 October 2019, 07:37 AM   #109
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Perhaps I misread Stern's latest interview?
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Old 10 October 2019, 07:37 AM   #110
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Honestly, 2-3 years ago you couldn't just buy a 5711 off the shelf where I live in Europe. Even getting on a wait list was already tricky back then w/o any purchase history. Wempe and Bucherer basically laughed me out of their stores in 2015, just too much money floating around even back then.
<2017, I recall at least a couple ADs in the US (and there are even threads on TRF if you search for them) where people saw 5711's and 5712's behind the glass.
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Old 10 October 2019, 09:11 AM   #111
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Quote:
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Perhaps I misread Stern's latest interview?
Indeed, back then he was already worried and annoyed the Nautilus was becoming too synonymous with the brand and was hinting at discoing it, which then helped to start off this chase to get them.
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Old 10 October 2019, 09:18 AM   #112
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Indeed, back then he was already worried and annoyed the Nautilus was becoming too synonymous with the brand and was hinting at discoing it, which then helped to start off this chase to get them.
Makes sense. Funny that him expressing concern that it was becoming too synonymous with the brand has led to events that make it too synonymous with the brand.
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Old 10 October 2019, 09:56 AM   #113
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<2017, I recall at least a couple ADs in the US (and there are even threads on TRF if you search for them) where people saw 5711's and 5712's behind the glass.
Yes I bought a 5711 out of the case in 2015 and saw many nauts in the case from 2010-2017. But saying nobody wanted the 5711 prior is incorrect. They were selling just not all presold like today.
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Old 10 October 2019, 11:40 AM   #114
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I was talking about the same thing in Patek Philippe boutique in London a few days ago while getting mine pressure tested...

They agreed, a few years ago (2013 approx), they had them lying around, especially the white dial!?!

I remember trying on 5726 and 5980 a year or so before that in my local ad, and even once a blue 5711... All just sat behind glass, hoping to be bought... I think that I was trying on the new ceramic submariner at the time, and the odd shaped Patek Philippe seemed to be worth a sniff while I was there, but ultimately just seemed, less desirable than that new maxi case submariner!!!!
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Old 10 October 2019, 12:26 PM   #115
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I pay for it in my own way :)


Wait. It’s true? There is no free lunch?!


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Old 10 October 2019, 12:27 PM   #116
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Wait. It’s true? There is no free lunch?!


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Sadly no...
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Old 10 October 2019, 12:44 PM   #117
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Naw milos
You must have a financial interest in that place!
I’ve been to the Vegas Milos. Not bad. But man I just read the Eater New York review of the Milos Hudson Yards place, not exactly an endorsement. Eater isn’t the last word I know but that review and the place is still busy. Kind of like the way Tiffany sells 5711’s with crooked stamps and they’re still hard to get. I’m just giving you a hard time for fun while watching the Dodgers on TV.
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Old 10 October 2019, 12:46 PM   #118
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Yes I bought a 5711 out of the case in 2015 and saw many nauts in the case from 2010-2017. But saying nobody wanted the 5711 prior is incorrect. They were selling just not all presold like today.
Yes, you're right.

I might have been exaggerating a bit there -- and that hyperbole worked against me rather than working towards making my point. :)

But yes, you're absolutely right. There were 5711's in the case back then, even as recent as 2017.

But yes, they weren't all pre-sold, and there weren't insane wait lists like today. But they also weren't *unwanted* as I said earlier. :)
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Old 10 October 2019, 12:52 PM   #119
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You must have a financial interest in that place!
It’s easy for me to get to. My office is one of the buildings in the background. Plus it’s raining.


But I do like it.
Grilled octopus, Lamb chops with fries, yogurt and honey...is my go to lunch.

Edit:
I’ve also been to Vegas since I live there. I would say the vegas one and the one at hudson yards is at the same level and ambiance. There was some bugs with service during the opening months at hudson yards but have since dialed it in.

I genuinely enjoy my meal there every time. I prefer this vs all the other greek places in the city.
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Old 10 October 2019, 01:09 PM   #120
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Adjustments.JPG

Verjus SF last night. Duck Confit and country pate of pheasant duck pork and chicken. I want to be fat like you.


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