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28 June 2019, 10:00 PM | #1 |
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Has the Nautilus bubble... dare I say it... slowed down?
Hi guys,
Ever since the price increase announced on June 1st, I noticed a downwards price trend for the ever-speculated Nautilus and Aquanaut lines. However, there still seems to be a demand and the waitlists have not gotten shorter. As of recently, Patek price increases have been a guessing game for most. Please correct me if I'm wrong, but I believe it to be as follows: August 2016 - 10% All Models September 2017 - 5.5% All Models March 2018 - 20% for just the 5711/1A and 5712/1A June 2019 - 4% All Models As for grey market prices, there has been a significant increase from December 2018 to May 2019 (For example, the 5712/1A jumped from a little under $50,000 to the $80,000 or so today). Can anyone care to elaborate on the current grey market prices and if they have softened? Is this the bubble everyone's been waiting for or just a speedbump due to the economy that will recover over time? Thanks. ** Again, I apologize if any information is incorrect or misleading. Please do correct any of the above you believe to be inaccurate! |
29 June 2019, 01:33 AM | #2 |
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Keep going up and up in the UK..... Aquanaut seems to be going up weekly too
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29 June 2019, 01:37 AM | #3 | |
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Quote:
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29 June 2019, 01:57 AM | #4 |
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Haven't noticed a downtick at all.
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Omega: Seamaster Professional 300M 2220.80.00 Rolex: Daytona White Dial 116500LN Rolex: Sky-Dweller Blue Dial Jubilee 336934 Rolex: DateJust 36 Roman White Dial Oyster 126234 Rolex: OP 36 Celebration Dial 126000 Panerai: PAM 422 Patek Philippe: Aquanaut 5167A A. Lange & Söhne: 1815 Annual Calendar @mechanicaltom Stolen: IWC Portuguese 500107 Case number 3853222 |
29 June 2019, 02:06 AM | #5 |
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29 June 2019, 02:07 AM | #6 |
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I don't think so yet. When you can sell a 5711 and buy a porsche something is truly wrong.
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29 June 2019, 02:13 AM | #7 |
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It's completely insane. I just want to enjoy some nice watches. Instead.... so many unobtainable at retail.
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Omega: Seamaster Professional 300M 2220.80.00 Rolex: Daytona White Dial 116500LN Rolex: Sky-Dweller Blue Dial Jubilee 336934 Rolex: DateJust 36 Roman White Dial Oyster 126234 Rolex: OP 36 Celebration Dial 126000 Panerai: PAM 422 Patek Philippe: Aquanaut 5167A A. Lange & Söhne: 1815 Annual Calendar @mechanicaltom Stolen: IWC Portuguese 500107 Case number 3853222 |
29 June 2019, 02:38 AM | #8 |
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I was having this exact conversation today.....It's very very tempting
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29 June 2019, 02:47 AM | #9 |
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DSW listed a 5711 at ~75k this week. Bubble not bursting yet
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29 June 2019, 02:53 AM | #10 |
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Danny Govberg from Watchbox/Govberg predicts $100k by end of summer for 5711 blue
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29 June 2019, 03:14 AM | #11 |
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As other mention the Aquanaut and Nautilus is at all time high after the Patek price increases this year.....
I check here in the TRF forum, none of our well known trusted dealer here in the USA have one for sale... Oh, wait..... DavidSW have two 5711 for sale..... one at $70K and the other one at $75K...... They're at all time high......
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29 June 2019, 03:33 AM | #12 |
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Too many people are getting priced out at this point, not sustainable. Even if you can afford it, $70K gets you a lot more watch at other brands
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29 June 2019, 03:38 AM | #13 |
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Truly, truly wrong.
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29 June 2019, 04:11 AM | #14 |
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29 June 2019, 04:13 AM | #15 |
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29 June 2019, 04:22 AM | #16 | |
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Quote:
OR preowned 911 or Panamera....
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29 June 2019, 04:26 AM | #17 |
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I sold my 986 to buy my 5712 about four years ago
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29 June 2019, 04:30 AM | #18 |
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29 June 2019, 04:47 AM | #19 |
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29 June 2019, 04:48 AM | #20 |
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The bubble has not burst at all. In fact it's moved to other watches now.
The 5712 has surpassed the 5711. There was a time the 5711 seemed to trade higher. Now even the 5167 has reached 2x msrp and climbing. I guess when AD's are allocated one sports reference each per year it's not hard to see why secondary market prices are through the roof!
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29 June 2019, 04:49 AM | #21 |
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The asking prices have certainly continued skyward.
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29 June 2019, 05:02 AM | #22 |
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Who is buying these refs though at those prices? I would love to find a buyer for my 5164A at $70K :)
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29 June 2019, 05:13 AM | #23 |
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29 June 2019, 05:19 AM | #24 |
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Its what happens when everyone on this board buys more than 1 watch lol
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29 June 2019, 05:19 AM | #25 |
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29 June 2019, 05:20 AM | #26 |
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29 June 2019, 05:37 AM | #27 |
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29 June 2019, 05:53 AM | #28 |
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Not for me it doesn't. If this trends continues at this rate I will sell. I cannot ignore the ridiculous nature of this market.
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29 June 2019, 05:57 AM | #29 | |
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i do agree with you , at some point we say bye, and take a huge chunk of profit, i suppose its how brave we all are we can only wear 1 watch at a time |
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29 June 2019, 06:51 AM | #30 |
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