Market
Miranda's insightful comparison between Patek Philippe chronographs and Porsche 911 generations offers a unique lens through which to view watch collectability. By drawing parallels between the Patek 5070 and Porsche 993, and the Patek 5170 and Porsche 996, Miranda explores how market perception, innovation, and historical context shape a reference's desirability and long-term value. This discussion remains highly relevant for understanding the nuances of collecting modern Patek Philippe chronographs.
Well, the pattern fits neatly with Patek’s recent chronographs. We all know how desirable Patek chronographs are, the 5070 (read 993, last of the Lemania) has become a cult object especially when cased in platinum.
Then comes Patek’s 996 moment- the ref 5170. Yet it hardly deserves this “accolade”, it boasts an in-house movement with several novel patents, looks lovely and is beautifully finished. Then there is the variety, everything from Breguet numbers, pulsimeter scales and a sumptuous graduated blue dial.
Yet the general consensus is a massive swing for the 5070.
You could be forgiven for giving up on this reference, which surely has a limited timespan left. This year we saw a new ladies reference, so we can safely assume there will a new reference for men on its way. |Who know what it will be like or the reception it will get.
So what of the future for the 5170? Surely a hopeless reference in terms of collectability?
This made me think of another “flop” when it comes to chronographs- the Rolex ref 6263/6265 – and I’m not even considering the Paul Newman’s here.
For nearly two decades this reference was a disaster. Rolex nearly cancelled the whole idea of even having a chrono in its collection. In 19988 when the 16520 was already commanding ÂŁ4000, you could get a 6263 for about ÂŁ800! (new- from the shop)
Time however, has changed all that. It would appear some of the greatest ugly ducklings do become magnificent swans.
So what of the 5170? Swan or duckling? I think time is going to prove favourable for the 5170. It is a classic Patek, with historical significance. It won’t be quick, but we could see a 16520 effect, the release and probable popularity of a new Patek chronograph may well see the popularity rise. I am sure for one thing, the 5170 will be desirable by whole new generation of collector, and it will undoubtedly have its 6263 moment.
The Porsche Design Chronograph I, reference 911, represents a significant early offering from the brand, establishing its design philosophy in the watchmaking world. This model is notable for its minimalist aesthetic and functional approach, reflecting the brand's automotive heritage through its focus on legibility and material choice. It was conceived as a tool watch, prioritizing clarity and durability over ornate decoration, a characteristic that set it apart from many contemporaries upon its introduction.
Crafted with a black PVD-coated stainless steel case, the Chronograph I features a distinctive monochromatic appearance. The case diameter measures 40mm, providing a substantial yet wearable presence on the wrist. It houses an automatic movement, specifically the Valjoux 7750, known for its robustness and reliability. The watch is fitted with a sapphire crystal, ensuring scratch resistance, and offers a power reserve of approximately 48 hours.
This reference holds particular appeal for collectors interested in the origins of Porsche Design's horological ventures and the broader trend of black-cased watches. Its straightforward design and mechanical integrity make it a compelling choice for those who appreciate a blend of automotive-inspired engineering and practical watchmaking. The 911 reference is a foundational piece, illustrating the brand's initial vision for a performance-oriented timepiece.
The 5170 may grow and grow. For me, I feel that the reference suffered because of the multitude of variations that were introduced. With the 5070s, each metal had a distinct personality and I think that strengthened the reference as a whole.
You might be right... or wrong... Difficult to predict ! What we know is that the present situation is indeed not in favour of the 5170. Only future will tell if it becomes sought after by collectors. As for now my heart continues to beat faster with the 5070...
It will be interesting to see first how the market reacts to the (soon to happen?) discontinuation of the P version, though we might hardly see a big bump in value right away... Best wishes;-)
Who knows? But as a collector I too favor the 5070 (and 1463s!) and the 5170 is not where I choose to “place my bets” so to speak.
The reference 1463 and 130 also had a vast variety of dials, the usp of the 5170 might very well be the variety?
The jumbo Nautilus is a prime example!!!!
This thread is active on the Patek Philippe forum with 42 replies. Share your knowledge with fellow collectors.
Join the Discussion →
