Patek Nautilus 5980/1r should I

[AP15407st_patrick]

Hi,
I recently got the offer to take a 5980/1r in full rose gold from my AD. Due to exchange rate and tax differences the watch will cost me around 10% more than official retail price in the country I am living. My intention was to keep the watch for 1-2 years and maybe sell it afterwards. I am struggling now as I do not want to loose money rather make a small profit when I am selling it. If I discount the current prices on chrono24 or even take the cheapest watch online which is worn by 20% (155k) there is still a significant puffer between my price I have to pay and a potential grey market price. What would you do and how do you see the market in 1-2 years for this piece? Do you think that it will be discontinued and this process will have a significant effect on the grey market price or is already nobody anymore interested in this watch?
Thank you so much for your support

[AshAP]

I would pass on the watch so that a genuine collector with a true appreciation for the watch can buy it, this will also save you the trouble of being blacklisted.

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[pam66]

no brainer. take it, check it out and keep/sell according to your preference.

[1William]

I would make the purchase and enjoy the watch. Keep track of the market and when you decide to let it go, make your best deal.

[johnsonsxusfrt]

Originally Posted by AP15407st_patrick

Hi,
I recently got the offer to take a 5980/1r in full rose gold from my AD. Due to exchange rate and tax differences the watch will cost me around 10% more than official retail price in the country I am living. My intention was to keep the watch for 1-2 years and maybe sell it afterwards. I am struggling now as I do not want to loose money rather make a small profit when I am selling it. If I discount the current prices on chrono24 or even take the cheapest watch online which is worn by 20% (155k) there is still a significant puffer between my price I have to pay and a potential grey market price. What would you do and how do you see the market in 1-2 years for this piece? Do you think that it will be discontinued and this process will have a significant effect on the grey market price or is already nobody anymore interested in this watch?
Thank you so much for your support

If your financial situation is tight and you think you'll need to sell in the next 1-2 years, then pass and let another enthusiast buy it. The market is correcting fast and if you are forced to sell in the next 12-24 months it may not be a good situation, especially at this price point with precious metal watches which tend to fall the hardest.

[GGGMT]

Originally Posted by AshAP

I would pass on the watch so that a genuine collector with a true appreciation for the watch can buy it, this will also save you the trouble of being blacklisted.

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This. Seems like OP is a watch ‘investor’ and or flipper.


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[mickyd329]

Originally Posted by AshAP

I would pass on the watch so that a genuine collector with a true appreciation for the watch can buy it, this will also save you the trouble of being blacklisted.

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Agreed!

[Token74]

Originally Posted by AshAP

I would pass on the watch so that a genuine collector with a true appreciation for the watch can buy it, this will also save you the trouble of being blacklisted.

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This!


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[LJubel328]

Originally Posted by AshAP

I would pass on the watch so that a genuine collector with a true appreciation for the watch can buy it, this will also save you the trouble of being blacklisted.

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This


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[srvrf]

It is hard to tell from a single post, but the original post doesn't make sense to me. I only have USD pricing, but as of today the 5980/1R is about USD $110k. Chrono24 has them at asking prices from about USD $180-230k. So if the OP buys from an AD and flips it to a grey dealer in a couple of years, it seems like there should easily be profit, or at least a lateral move in terms of money.

That being said, it really sounds like there is no love for the watch other than potential profit. Even in a CD, $110k these days would get you a guaranteed $10-12k profit in two years before taxes. So would I personally spend $110k for a watch I don't love and then flip it in a couple of years risking any future Patek offerings? No chance.

[Gent675]

What’s to say the next buyer doesn’t flip it anyways? I’m not saying to buy and flip it immediately, but if you like it and can afford to hold it, then this is probably your best chance to ever get it. MSRP won’t be any cheaper in 2 years.