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Old 18 June 2019, 12:20 PM   #61
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And what about the idiots that buy at that price ! That’s the worst part


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Hey, be nice. I am hoping one of those idiots will buy mine!
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Old 18 June 2019, 12:23 PM   #62
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are these seriously selling at 100k?!?
David has had one for 69 for a week or two and it has not moved yet so I highly doubt it.
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Old 18 June 2019, 12:23 PM   #63
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This is insanity. I am a day away from the one year anniversary with my 5712 and I love it just as much, if not more than the day I got it. It is my most favourite watch.

As much as I love the 5712, I can't help but think how it could catapult me into a 5270 or 5970, which is just so much more "watch" than a SS Nautilus. It's not a knock against the Nautilus, but it really is just in an entirely different league, one I could have only dreamed of.
Do it. Trade the watch!!!
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Old 18 June 2019, 12:24 PM   #64
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David has had one for 69 for a week or two and it has not moved yet so I highly doubt it.
Sometimes he doesn’t have the watches available... I’ve called him once and “he just sold it...But he can find me one.”
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Old 18 June 2019, 12:31 PM   #65
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I’ve never owned a nautilus and (now) never will. I’ve always loved the watch and used to long for it but now I don’t anymore—it’s gotten to the point where it’s not even remotely close to the top watch I’d want for the amount of money it would cost.
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Old 18 June 2019, 01:19 PM   #66
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I’m at the wine cellar at Del frisco’s mid town NYC. Reception is always bad. Work cell is good tho.


Hey Ninja does your wife know you have her 5990? Ha!
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Old 18 June 2019, 01:33 PM   #67
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its the nature of irrational exuberance in bull market bubbles. the bitcoin market in 2017, the housing market pre 2008, the equities market during the dot com bubble, etc. sellers disappear and buyers are solely in it for the greed of being able to sell it for more tomorrow. once rational thinking returns to the market, a crash ensues as all of the sellers flood the market and buyers disappear.
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Old 18 June 2019, 01:43 PM   #68
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David has had one for 69 for a week or two and it has not moved yet so I highly doubt it.
Exactly. And asking prices on chrono24 start in the mid $60s so not sure what the point of this thread is. Anyone can cherry pick data to frame things a certain way, but those prices just aren't where the market is right now.
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Old 18 June 2019, 02:11 PM   #69
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This is insanity. I am a day away from the one year anniversary with my 5712 and I love it just as much, if not more than the day I got it. It is my most favourite watch.



As much as I love the 5712, I can't help but think how it could catapult me into a 5270 or 5970, which is just so much more "watch" than a SS Nautilus. It's not a knock against the Nautilus, but it really is just in an entirely different league, one I could have only dreamed of.

10000000% make either of those trades if it gets to that point. nautiluses (nautili?) are great but at these prices it’s absurd. give me a 5970 or a 3970 or a 5960 or a 5270 or a 3940 or any one of several other pateks or a few langes way over a nautilus.
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Old 18 June 2019, 02:24 PM   #70
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I bought my 5712 at 27 5 years ago.... before it broke too lol but thats for all the other patek quality threads

It was overpriced then

I can't even fathom these prices, utter insanity
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Old 18 June 2019, 03:58 PM   #71
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Yeah chrono24 is a horrible indicator for in demand watches.
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Old 18 June 2019, 05:27 PM   #72
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Didn't Sotheby's NY sell a blue dial 5711 from 2014 with B/P for $75K a few weeks ago and a double sealed 5711 Tiffany signed for $150K?
Would that be an OK indicator?
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Old 18 June 2019, 05:52 PM   #73
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Didn't Sotheby's NY sell a blue dial 5711 from 2014 with B/P for $75K a few weeks ago and a double sealed 5711 Tiffany signed for $150K?
Would that be an OK indicator?
One more benchmark - Meertz World of Time had a recent and unworn blue 5711 advertised for USD 63k a few weeks ago, which was at the bottom of the asking prices on Chrono24 for unworn pieces at the time. Still took 1 week or 2 to sell, whereas many hot Rolexes are gone the same day...

Still a fun thread though...
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Old 18 June 2019, 05:56 PM   #74
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I got offered what I thought was a crazy amount of money for my 2017 5712a of £61250.00 (approx $80k) from a dealer. Thought about it for a bit, told him I'd do the deal, then told the wife and she said if you do sell it don't come moaning to me that it was your favourite watch etc so rang him back and told him the bad news. He then blurted out we had a verbal contract, I've got a client lined up, I'm suing you for breach etc.
If he's offering that sort of money to me then he's got to be adding at least 25% on on top.
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Old 18 June 2019, 06:04 PM   #75
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I got offered what I thought was a crazy amount of money for my 2017 5712a of £61250.00 (approx $80k) from a dealer. Thought about it for a bit, told him I'd do the deal, then told the wife and she said if you do sell it don't come moaning to me that it was your favourite watch etc so rang him back and told him the bad news. He then blurted out we had a verbal contract, I've got a client lined up, I'm suing you for breach etc.
If he's offering that sort of money to me then he's got to be adding at least 25% on on top.
even if they only made 5k , thats not bad for a mornings work, im sure it would be nearer your 25% as they are all greedy
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Old 18 June 2019, 10:50 PM   #76
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I think 5980/1R prices would rise further when they discontinue the watch, most likely next year
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Old 18 June 2019, 10:59 PM   #77
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10000000% make either of those trades if it gets to that point. nautiluses (nautili?) are great but at these prices it’s absurd. give me a 5970 or a 3970 or a 5960 or a 5270 or a 3940 or any one of several other pateks or a few langes way over a nautilus.
BUT - the market is not truly at that point...nobody is going to be able to trade a 5711/5712/5726/5990 for a PCC
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Old 18 June 2019, 11:07 PM   #78
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BUT - the market is not truly at that point...nobody is going to be able to trade a 5711/5712/5726/5990 for a PCC

fair enough, I was just commenting on the prices mentioned in the thread; not the degree to which those actually represent the market.

as to being able to trade for a PCC, I wasn’t necessarily just referring to a straight trade; if I suddenly found myself being able to top up a 5711 with 20k to end up with a perpetual calendar chronograph that would be a pretty compelling proposition.

also am I wrong in saying you can already either straight up trade or almost straight up trade a 5711 for a 5960? that’s already bonkers to me.
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Old 18 June 2019, 11:26 PM   #79
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I can't even fathom these prices, utter insanity
It really is.... the steel prices are out of freakin control. Who is paying 60Kish for a freakin steel nautilus 5711? Bonkers. 100K for a gold one? Unreal... and we wonder why flippers exist in masses these days
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Old 18 June 2019, 11:26 PM   #80
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I think 5980/1R prices would rise further when they discontinue the watch, most likely next year


They should put GBP prices in it won't look as much

As the GBP rules ��
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Old 18 June 2019, 11:39 PM   #81
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Saw some crazy prices of Nautilus on IG as well


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Old 18 June 2019, 11:54 PM   #82
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And what about the idiots that buy at that price ! That’s the worst part


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yup, and the eventual correction will be a shock to these folks. I'll be waiting to pick up a 5712r when the time comes ;)
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Old 19 June 2019, 12:12 AM   #83
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yup, and the eventual correction will be a shock to these folks. I'll be waiting to pick up a 5712r when the time comes ;)


It’s kind of scary , nobody knows when but everyone knows it will


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Old 19 June 2019, 12:19 AM   #84
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fair enough, I was just commenting on the prices mentioned in the thread; not the degree to which those actually represent the market.

as to being able to trade for a PCC, I wasn’t necessarily just referring to a straight trade; if I suddenly found myself being able to top up a 5711 with 20k to end up with a perpetual calendar chronograph that would be a pretty compelling proposition.

also am I wrong in saying you can already either straight up trade or almost straight up trade a 5711 for a 5960? that’s already bonkers to me.
Yeah, i hear you...my guess is the cash on top right now would be closer to 40k+, depending on model.

One thing is clear - i probably sold my as new white 5726 at the worst possible time and would have been better off selling this year...i wanted the funds for something else at the time, which is the only thing that makes it somewhat liveable
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Old 19 June 2019, 01:13 AM   #85
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It’s kind of scary , nobody knows when but everyone knows it will


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Personally I can still see 3 to 4 years of it going strong, only a gut feeling,

but it would be nice to see all the grey markets to getting stiffed
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Old 19 June 2019, 01:20 AM   #86
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Yeah, i hear you...my guess is the cash on top right now would be closer to 40k+, depending on model.



One thing is clear - i probably sold my as new white 5726 at the worst possible time and would have been better off selling this year...i wanted the funds for something else at the time, which is the only thing that makes it somewhat liveable

ah I feel your pain. I came across a white dial 5726 at an AD last summer (for MSRP, which I guess is something you need to specify now) and kind of felt like I should pull the trigger but it was too much $$$ for such a spur of the moment thing—now kicking myself seeing how much they’re selling for.

and to be clear I don’t normally buy watches thinking about flipping them but with the current insanity it feels downright irresponsible not to when faced with the opportunity.
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Old 19 June 2019, 01:33 AM   #87
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Bubble in making. Looking forward to big burst :)
Ridiculous.
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Old 19 June 2019, 01:40 AM   #88
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an oldie, but a goodie LOL!




We are at the "Delusion" level in the "Mania Phase"
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Old 19 June 2019, 03:31 AM   #89
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Hmm... I would considering doing a straight up trade of my blue 5711 for a pre-owned 5320G.
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Old 19 June 2019, 04:31 AM   #90
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an oldie, but a goodie LOL!




We are at the "Delusion" level in the "Mania Phase"
I would say we are in the Enthusiasm level of the Mania Phase due to all the news articles that have come out recently on the Nautilus


https://www.gq-magazine.co.uk/articl...pe-inside-tour

https://www.theglobeandmail.com/inve...heir-precious/

https://www.gq.com/story/watch-gloss...lippe-nautilus

https://www.nytimes.com/2019/03/20/f...-nautilus.html

All of these came out between April - June, 2019.

...so I'm looking at another leg up towards end of 2019. Then, a recession will hit the economies of the world early 202 and finally day of reckoning to the Blow Off Phase.
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