Patek 5712 prices rising

[Zippy+]

It seems the market is adjusting to the 20percent price increase , secondary prices for 2018 models can now be seen mid £40 s , how high will these go..

[thomaspp]

They’re starting to soften in the secondary seems to me


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[GB-man]

Originally Posted by thomaspp

They’re starting to soften in the secondary seems to me


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I see 5711s sitting longer too. Hopefully a sign of capitulation but I doubt it.

[Zippy+]

I haven’t seen prices at £44000 and over until now , chrono 24

[tyler1980]

Originally Posted by Zippy+

I haven’t seen prices at £44000 until now

where? WF has two older ones but no price... they are "available" but in "pre-sale" same as the 5711's. They have info on the watches available to view like the age for each, but no prices. I think they are not going to list the price at all as ive been waiting for them to give a price for the 11's for like a month. Its kind of like POA i think.

[Zippy+]

Chrono 24 have 5712 at nearly £45000. ,not all U.K. watches but prices are on the up .

[tyler1980]

Originally Posted by Zippy+

Chrono 24 have 5712 at nearly £45000. ,not all U.K. watches but prices are on the up .

i trust WF more as a UK benchmark for the high end. So not really sure how to gauge chrono 24. DavidSW has one at $53k for the US buyers but importing it raises the price for us on this side of the atlantic. If we bought it and it would come in right about $62k (£45k) but i would think european grey prices would be between those two numbers.

[HorologyK]

Once the madness collapses I’m getting a 5711r. Banging piece.

[codecow]

With a reference as good as this, the sky's the limit.

[Sam Philip]

I'm not sure whether the 5712A prices are rising. Chronext has one listed for £38 700 and their prices are higher compared to other UK grey dealers.

https://www.chronext.co.uk/patek-phi...-1a-001/C59407

[vipereaper30]

Originally Posted by HorologyK

Once the madness collapses I’m getting a 5711r. Banging piece.

I'm with you here, just not sure how long I can wait.

[codecow]

The 5711R is legit, they’re just sitting around, it’s a shame.

[tonupbklyn]

Originally Posted by codecow

The 5711R is legit, they’re just sitting around, it’s a shame.

u know of an AD who has one? I'd consider scooping one up at retail. the listed price by resellers seem too high to me... and they're sticking with those levels even though they're not moving. i guess they're in no hurry to sell.
it's like a game is chicken!

[codecow]

I can get one but based on the brief discussion I had it’s not for sale to folks off the street.

[sensui]

Originally Posted by codecow

I can get one but based on the brief discussion I had it’s not for sale to folks off the street.

While this makes total sense for ADs valuing their VIP/repeat customers on stainless Nautilus...this is completely backwards for the brand's intent to use these pieces as introduction for new customers. It is what it is but I think someday this will blow up in Patek's face. Shame.

[codecow]

Originally Posted by sensui

While this makes total sense for ADs valuing their VIP/repeat customers on stainless Nautilus...this is completely backwards for the brand's intent to use these pieces as introduction for new customers. It is what it is but I think someday this will blow up in Patek's face. Shame.

I’m a junior collector just coming up starting from the bottom. Right now I’m on the porch but one day I want to run with the big dogs!

[tyler1980]

Originally Posted by sensui

While this makes total sense for ADs valuing their VIP/repeat customers on stainless Nautilus...this is completely backwards for the brand's intent to use these pieces as introduction for new customers. It is what it is but I think someday this will blow up in Patek's face. Shame.

i don't think the intent was necessarily to create entry level watches. The fact they are the cheaper options for the brand just makes it appear that way.

They are the brands sports watches, which generally means less complications and not PM. The fact they are in steel makes them more rare and more collectable for a primarily PM company. So in a sense the metal makes them more exclusive.I would pay a premium for Patek SS and expect a discount on Patek PM.

So basically a strategy that means you need to be a Patek core collection customer to be offered their other offerings isnt that unreasonable and sports watches are not the majority of the watches they make.

[sensui]

Originally Posted by tyler1980

i don't think the intent was necessarily to create entry level watches. The fact they are the cheaper options for the brand just makes it appear that way.

They are the brands sports watches, which generally means less complications and not PM. The fact they are in steel makes them more rare and more collectable for a primarily PM company. So in a sense the metal makes them more exclusive.I would pay a premium for Patek SS and expect a discount on Patek PM.

So basically a strategy that means you need to be a Patek core collection customer to be offered their other offerings isnt that unreasonable and sports watches are not the majority of the watches they make.

Thanks for sharing your thoughts. I think it's clear this IS what's happening now in the environment now but to say Patek intended these to be more exclusive than their PM/complication/grand complication seems like quite a stretch. If that were officially the case, why are we playing AD games instead of filling out applications directly to Patek for stainless Nautilus? They are just particularly hyped for various reasons we all know now....and if the brand's sport watches have always been so desirable/exclusive for "core" customers...the market wouldn't have grown only so recently....Nautilus isn't a new watch by any means.

[tyler1980]

Originally Posted by sensui

Thanks for sharing your thoughts. I think it's clear this IS what's happening now in the environment now but to say Patek intended these to be more exclusive than their PM/complication/grand complication seems like quite a stretch. If that were officially the case, why are we playing AD games instead of filling out applications directly to Patek for stainless Nautilus? They are just particularly hyped for various reasons we all know now....and if the brand's sport watches have always been so desirable/exclusive for "core" customers...the market wouldn't have grown only so recently....Nautilus isn't a new watch by any means.

i just think in general sports watches are more popular to most people. Patek isnt a sports watch company in the same way AP is so their most popular watches are not their focus as far as production numbers. The nautilus has not always been as popular as it is today, but now or then i don't think it was ever the primary focus of the company.

They have no trouble selling sports watches where as the others are a tougher sell. Wanting people to own their other watches before getting the ones that sell themselves is not a crazy idea.

[Rolexavidfan]

^^ I tend to agree with Tyler in this case.

IMO Patek’s basic entry watch is the Calatrava manual wind in PM which was actually cheaper than a Nautilus 5711. That was the piece that I was initially attracted in going for a Patek timepiece, but ended up however with an AC complication 5205. The 5711 was my second timepiece and that wasn’t too hard to come by in those days (7 years ago).

Hence, the Nautilus SS seems to be a different range of timepiece from the rest of the Patek collection. It also didn’t help on the recent popularity of the sport watches which is embodied in the Patek Nautilus and Aquanaut model. The added provenance of the Nautilus also didn’t help in lowering the demand for this timepiece.




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[AK797]

So glad I bought mine and at a good discount too, never imagined that divide and conquer games would be played on gold Nautiluses now as well.