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Old 29 December 2019, 12:32 AM   #1
vandyologist
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Consolidation regrets?

Anyone ever regret selling other brands to consolidate into Patek? I’ve read JorgeCCWs famous thread but am curious others’ thoughts. Thinking of trying to put my submariner LV and BLRO towards a 5711 which would leave me with the 116519LN on oysterflex as my only Rolex.
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Old 29 December 2019, 12:37 AM   #2
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It a tough one. Sometimes I think about consolidating to simply enjoy one or maybe two pieces ... there’s a lot of sense to this IMO, but I’ve not quite managed to put it into practice.

In your specific example, I’d consider it. You’ll have two great pieces to wear and enjoy. Caveat for me is that your paying MRSP for the 5711.
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Old 29 December 2019, 12:40 AM   #3
vandyologist
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Yes this would only be for 5711 at retail.
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Old 29 December 2019, 01:19 AM   #4
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Unless you can get one for near retail I’d find that a hard trade. Those two watches will get you up to around 30k usd. I think these are trading around 50k. That’s still a big jump.


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Old 29 December 2019, 06:17 AM   #5
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Unless you can get one for near retail I’d find that a hard trade. Those two watches will get you up to around 30k usd. I think these are trading around 50k. That’s still a big jump.


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What would make it more difficult is that on a trade to a dealer you'd probably only get $20K for those two and the 5711 would be closer to $60K so you'd be short $40K.
This type of trade never works.
Boredom is the enemy of the collector.
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Old 29 December 2019, 12:44 PM   #6
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Boredom is the enemy of the collector.

Great words - we should have t shirts made up



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Old 29 December 2019, 12:47 PM   #7
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Great words - we should have t shirts made up



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Or nautilus hats...
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Old 29 December 2019, 01:35 AM   #8
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I’ve always dreamed of consolidating but have been unable to successfully do so on a large scale. Maybe some day..


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Old 29 December 2019, 01:39 AM   #9
Mr Naultilus
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I personally think less is more , as you get to enjoy them all

But that just might be me
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Old 29 December 2019, 01:43 AM   #10
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I personally think less is more , as you get to enjoy them all

But that just might be me
Agree but I struggle to get it down to a respectable level
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Old 29 December 2019, 01:45 AM   #11
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Agree but I struggle to get it down to a respectable level
Maybe my funds stop me getting past that respectable level

But I'll stick with my 4 and be happy

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Old 29 December 2019, 01:41 AM   #12
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Very different watches in terms of look and feel. If you love sports Rolex you may not like the 5711 and vice versa - I for one never owned a sports Rolex but always liked the 5711 (and 3700 and 5712). I'd add the 5711 if you can get one at retail, give it some time as you may find it underwhelming initially, and then decide what to let go if anything...
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Old 29 December 2019, 02:33 AM   #13
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I would do that move swiftly. If you have a 5711 lined up at retail its a no brainer.
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Old 29 December 2019, 06:22 AM   #14
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I would do that move swiftly. If you have a 5711 lined up at retail its a no brainer.
Agreed. Anyone who can get a 5711 at retail should, and deal with the details later.
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Old 29 December 2019, 02:54 AM   #15
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I’m a big believer of what Jorge does... quality over quantity. There is only 7 days in the week and most of us really rotate between 2 to 3watches


With regards of consolidating into the 5711... I’d do that
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Old 19 January 2020, 10:13 PM   #16
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I’m a big believer of what Jorge does... quality over quantity. There is only 7 days in the week and most of us really rotate between 2 to 3watches


With regards of consolidating into the 5711... I’d do that
There's also 28 to 31 days in a month.
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Old 29 December 2019, 03:40 AM   #17
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Wouldn’t work for me. If I keep my favorite 3 which would be hard to part with, they are the most expensive pieces and cost more than the rest of my collection. If I sold the rest to consolidate, wouldn’t come close to enough funds to get any of the Patek models I would want.

I agree quantity is not often better than quality but personally would rather have 3-4 quality pieces (plus a dozen mid range) than one very high end piece.
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Old 29 December 2019, 04:09 AM   #18
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A Nautilus and a Daytona on Oysterflex would be an absolutely perfect pair.
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Old 29 December 2019, 01:53 PM   #19
vandyologist
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Update: definitely getting the 5711 at retail. Traveling next week though so the incoming photos will have to wait. My AD is the best.
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Old 29 December 2019, 02:04 PM   #20
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Update: definitely getting the 5711 at retail. Traveling next week though so the incoming photos will have to wait. My AD is the best.
Congrats in advance, Vandy! Can't wait to see pics of your new 5711.

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Old 29 December 2019, 02:07 PM   #21
Fat_ninja
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Congrats in advance, Vandy! Can't wait to see pics of your new 5711.

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^

What the ramen boy said
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Old 29 December 2019, 02:15 PM   #22
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I think buy what you like and what you can afford. If you need to consolidate to buy a piece, then you can't afford it.

However, if you don't like what you have and want to consolidate because you don't like what you have and want to get rid of some pieces, then consolidation makes sense. Make sense?
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Old 29 December 2019, 02:50 PM   #23
Fat_ninja
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I think buy what you like and what you can afford. If you need to consolidate to buy a piece, then you can't afford it.

However, if you don't like what you have and want to consolidate because you don't like what you have and want to get rid of some pieces, then consolidation makes sense. Make sense?
So consolidation means one can’t afford it. Got it. Glad you cleared that up for all of us peasants.
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Old 30 December 2019, 11:21 AM   #24
srvrf
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I think buy what you like and what you can afford. If you need to consolidate to buy a piece, then you can't afford it.

However, if you don't like what you have and want to consolidate because you don't like what you have and want to get rid of some pieces, then consolidation makes sense. Make sense?
Wow, this is pretty presumptuous. Money wasn't the reason I consolidated from 8 to 2 this past year. I've only got one left wrist and when I moved up in quality, I just knew that the others wouldn't get any wrist time. And while I could afford more, there is only so much money I want to put into watches.
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Old 30 December 2019, 12:50 PM   #25
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And while I could afford more, there is only so much money I want to put into watches.
Agreed, asset allocation is important.
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Old 29 December 2019, 03:12 PM   #26
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Who starts a thread and says 10 days later they have an 11, I want to move there
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Old 29 December 2019, 03:27 PM   #27
Fat_ninja
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Who starts a thread and says 10 days later they have an 11, I want to move there
I totally would do the same... not the moving part


But starting the thread lol
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Old 29 December 2019, 03:18 PM   #28
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I don’t care for the Rolex sports model so I would. Gotta have 3 watches minimum imo.

Gratz on the incoming.


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Old 29 December 2019, 04:24 PM   #29
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Keep trying to consolidate, but can’t quite bring myself to let go of some of my pieces as I’ve got to a position where I really like all my watches apart from a couple. All very tricky, but a nice problem to have!

A 116519 and a 5711 makes for a high quality duo.


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Old 29 December 2019, 04:41 PM   #30
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Anyone ever regret selling other brands to consolidate into Patek? I’ve read JorgeCCWs famous thread but am curious others’ thoughts. Thinking of trying to put my submariner LV and BLRO towards a 5711 which would leave me with the 116519LN on oysterflex as my only Rolex.
Congrats! Would you happen to jave a link to JorgeCCW's post? Thanks and enjoy the 5711!
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