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WatchProSite|Market|Digest

Patek Philippe

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Comments:

Opinon on 5204/1R-001

 
 By: parle73 : May 23rd, 2019-20:04
I Have an opportunity to buy 1 year pre-owned Patek 5204/1R-001. 
As you know this is a watch with black dial and gold bracelet. 
I am wondering as to why such a watch which is hard to get new.. since it is an application piece.is available for resale so quickly.
and whether the collectors out there are disliking something about this reference.

Need Help on few issues such as
Does the Patek warranty carry over to the new owner and can the new owner register the watch with Patek.
Any idea about the depreciation factor on such grand complication Patek reference. I would appreciate opinions and experiences.

That

 
 By: baufoam : May 23rd, 2019-21:41
is a VERY expensive timepiece. I would not be surprised to find that people rather frequently regret spending that type of money on a watch. They wake up a few days after the purchase and think “What have I done ?!”Sure, they are beautiful watches , but the segment of our world’s population that can TRULY afford that kind of a purchase is pretty small! 

I really like the 5204!

 
 By: RahulR : May 23rd, 2019-22:32
I myself am considering one (non bracelet). 

I imagine that such watches are hard to get new because they are of extremely high value, and not as many are made by the manufacture (which is fair to prevent an oversupply). From my understanding, this piece is not an application piece as my AD has had a few 5204's come by in the last 2 years. Is the resale by a previous owner or grey dealer? If it is a previous owner, maybe he had regrets on buying a high value piece, needs cash urgently, or is raising funds to buy an even higher value piece. I don't recommend grey dealers because likely it means you will be paying a premium on a watch you generally should be able to get. 

The watch itself is stunning, particularly the movement side. In the end the most important question is whether you love the watch, how you like the bracelet, and whether it fits nice on your wrist. It is a matter of personal taste. I prefer the 5204R over the P or 1R, but doesn't mean that others are any better or worse..

Regarding depreciation, since mechanical watches are supposed to last generations, I don't believe they would depreciate like a car would. I always assume a new watch will take a hit as soon as you swipe your credit card and they write your name on the warranty card, unless of course it is a piece currently enjoying a lot of hype. Generally speaking Patek holds value much better than other brands. 

As for the warranty card, I have no clue to be honest! Hopefully others can chime in.


I had the chance to handle the P (black dial) at my AD the other day.

 
 By: russell996 : May 23rd, 2019-22:35
Beautiful piece.

5204 is not an application piece

 
 By: lascases : May 23rd, 2019-22:56
Saw the watch at two dealers in Germany and you could have just bought it if you liked it. Normal watch for all buyers.

A warranty is a property of the item not the person owning the item

 
 By: COUNT DE MONET : May 23rd, 2019-23:07
At least here in Europe, but it should be also in the U.S. the same.
Further regarding waranty: the service of this watch is peanuts compared to the sticker price.
It should not bother you at all.

So if there is warranty on the watch then you should benefit from it too.
Your other concerns "should" not matter at all if you want to buy a watch of that caliber.

It is an absolute lovely, stunning Patek!
Buy it with joy, anticipation, confidence and excitement not with heavy consideration!

Yeah

 
 By: parle73 : May 24th, 2019-05:43
Warranty issue is very confusing. I do not get a definitive answer.Thanks for the input

Awesome Watch

 
 By: IAD : May 24th, 2019-00:32

Depreciation value- agree with Count de monet
Warranty - don't think you can change it... 

Negatives !
Trying to see the movement in the back is a task
It is flashy, so i usually have to wear it with a long sleeve/suit


Positives !
Its a great piece, that wears really easy on the hand 
Has a great bracelet feel in rose gold !
the movement is outstanding and playing with the split is fun as hell







That

 
 By: parle73 : May 24th, 2019-05:42
is good to read