5711 in a bubble or the new norm?

[nyc2la]

Originally Posted by soundserious

Can we ban all 5711 related threads? Thanks.

Originally Posted by KetaPatek

maybe better to just ban all members that invoke the 5711, not to mention all 5711 owners?

Fingers crossed, the 5711 will put my kids (yes, plural) through college.

[s.m.b.]

Originally Posted by nyc2la

Fingers crossed, the 5711 will put my kids (yes, plural) through college.

With many schools approaching $60,000 per year, unlikely. Even at $50,000 per year, it's hard to imagine the 5711 ever fetching $400,000.

[Passionata]

Originally Posted by nyc2la

Fingers crossed, the 5711 will put my kids (yes, plural) through college.

[Fat_ninja]

Originally Posted by nyc2la

Fingers crossed, the 5711 will put my kids (yes, plural) through college.

I was just hoping my daughter would meet a rich kid and get marrid lol. Then she can buy me some 5711

[nyc2la]

Originally Posted by s.m.b.

With many schools approaching $60,000 per year, unlikely. Even at $50,000 per year, it's hard to imagine the 5711 ever fetching $400,000.

My comment was tongue in cheek.

[nyc2la]

Originally Posted by Passionata

Originally Posted by Fat_ninja

I was just hoping my daughter would meet a rich kid and get marrid lol. Then she can buy me some 5711

That's Plan B.

[Bearxj86]

Maybe a small mickey mouse watch (pink) is a good one for the daughter. I gave one to mine (5 year old). She might pick up your love for watches and attract a rich man but also a rich man that loves watches :)

Good ROI?

Originally Posted by nyc2la

That's Plan B.

[WatchLurv]

Im buying gold this year. Just saying. If I cant get a 5711A then Im buying gold. 5711R is already allocated for, for me.

[s.m.b.]

Originally Posted by nyc2la

My comment was tongue in cheek.

Figured as much.

[Fat_ninja]

Originally Posted by bearxj86

Maybe a small mickey mouse watch (pink) is a good one for the daughter. I gave one to mine (5 year old). She might pick up your love for watches and attract a rich man but also a rich man that loves watches :)

Good ROI?

Im definitely going to do this :)

[sameer222]

How's this thread holding up 2 months on? Seems prices are still on the rise...

[s.m.b.]

Originally Posted by sameer222

How's this thread holding up 2 months on? Seems prices are still on the rise...

Asking prices, yes.

[sameer222]

Originally Posted by s.m.b.

Asking prices, yes.

Not sure how it may be in other parts of the world, but I know of a 5711a that sold for $69K and a 5712a that sold for $70k this past week, both in Dubai

[s.m.b.]

Originally Posted by sameer222

Not sure how it may be in other parts of the world, but I know of a 5711a that sold for $69K and a 5712a that sold for $70k this past week, both in Dubai

Crazy... A white dial recently sold on eBay for $40,000.

[BaselWorld]

I am following with „saved search“ on chrono24 new 5711‘s as well as 5712‘s. Two or three are going every day. 5712‘s around USD 63k are sold within 3 days.


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[tyler1980]

Originally Posted by s.m.b.

Asking prices, yes.

some people are listing 5990's north of 100k. This can't be real life.

one at 75k which is the lowest and the rest seem to be in the high 80's on chrono24

[Helmi]

Originally Posted by tyler1980

some people are listing 5990's north of 100k. This can't be real life.

If 5980s are actually selling for 100k+, I can't see why 5990s are going for less

[tyler1980]

Originally Posted by Helmi

If 5980s are actually selling for 100k+, I can't see why 5990s are going for less

comparatively i agree even with the 80's being discontinued. I just think at some point there is no more value to be added. I dont think its a 100k watch. I own it, and its my favorite watch. I would absolutely sell it for that though. Who in the hell his buying it for that? its just weird.

[Helmi]

Originally Posted by tyler1980

comparatively i agree even with the 80's being discontinued. I just think at some point there is no more value to be added. I dont think its a 100k watch. I own it, and its my favorite watch. I would absolutely sell it for that though. Who in the hell his buying it for that? its just weird.

They are very hard to get from the ADs. In fact all nautilus models are. Now how the market is reacting is completely unexpected to me. If it is up to me, I wouldn't buy at such ridiculous values but some people are obviously willing to buy, in fact many...

[tyler1980]

Originally Posted by Helmi

They are very hard to get from the ADs. In fact all nautilus models are. Now how the market is reacting is completely unexpected to me. If it is up to me, I wouldn't buy at such ridiculous values but some people are obviously willing to buy, in fact many...

thats the disconnect to me in all this. Its the reason i got rid of my 5711. I liked it at the old retail. I bought it at the 20% higher retail after the price rise. It was a great watch, not worth the new retail price to me for a three hand with a date. So i can't imaging being willing to pay a premium on top of that.

At some point it has become less about the watch and more about getting something other people can't get. Thats the value i guess. Its not the actual watch.

[soundserious]

Chrono24 is interesting but it is skewed heavily in favor of ldealers isn’t it? It’s basiclally collusion whether intentional or not. If every 5990 is listed for 80k+ then how much will the next one be listed at....of course 80+. It’s not as if there is a free market being represented on the site.

[Helmi]

Originally Posted by tyler1980

thats the disconnect to me in all this. Its the reason i got rid of my 5711. I liked it at the old retail. I bought it at the 20% higher retail after the price rise. It was a great watch, not worth the new retail price to me for a three hand with a date. So i can't imaging being willing to pay a premium on top of that.

At some point it has become less about the watch and more about getting something other people can't get. Thats the value i guess. Its not the actual watch.

I kind of agree, I wonder if the Daytonas and nautiluses are readily available in the displays, would they be that popular? Or is it the psychological factor that whatever you can't get is becoming the most desirable?

[sameer222]

I reckon the fact that PP have, sort of, through Thierry Stern’s interviews, conveyed that they will not be increasing production of steel pieces or the nautilus line in general, has perhaps contributed to the continued hype and demand

[brockburst]

Originally Posted by ketapatek

some people really just are not seeing it. Nothing anyone can type to help.

100%

[brockburst]

Originally Posted by rolexpatek363

Hi there, and thanks for the comment.

What I meant was that one can assign a percentage probability to any particular outcome under analysis. This is what quant traders do, among other things. Getting the percentage correct, or near correct is how they make money. Anybody claiming that they "know" what will happen in a particular market is not telling the truth. Believing is one thing, and knowing is another.

This isn't what quant traders do.

[tyler1980]

Originally Posted by brockburst

This isn't what quant traders do.

that and buy watches at crazy prices with all that money

[rolexpatek363]

Originally Posted by rolexpatek363

Let's see. I'm wagering 5711 $100k; 5712 £100k by June 2020 (probably equivalent amounts, come April).

<rubs hands>

...and here it is, the first >£100k 5712 on C24!

https://www.chrono24.co.uk/patekphil...id12038515.htm

[TJMike]

Originally Posted by rolexpatek363

...and here it is, the first >£100k 5712 on C24!

https://www.chrono24.co.uk/patekphil...id12038515.htm

Considering there are also unworn 5712 twenty to thirty thousand pounds cheaper on Chrono from sellers with a large number of reviews, the 100k listing means nothing.

[Toffeeman]

No SS watch should worth so much higher than AD price.

[AK797]

Originally Posted by rolexpatek363

...and here it is, the first >£100k 5712 on C24!

https://www.chrono24.co.uk/patekphil...id12038515.htm

Don't know this firm, but big Euro grey Chronext still have this at £82K, claiming a discount of £3K too.