Patek Philippe

I am wondering how many are being released. According to some reading. It will be a one year production and only 150 to 200 available and it is for sure not all been shipped yet.

However, just did a quick search on Chrono24 plus auction site in JP plus some shops I know which have not put on internet. Add together, there are more then 20 pieces on sales!!

In this case, how many real users are there? Suppose PP is only selling its watch to PP lovers, but 5070P seems becoming ..... a product for traders.

... those that claim that they have one, when actually they don't, and once they have someone interested, they start looking for one..... Or, there is the dealers that know a dealer that got one, and if a customer shows up, they will contact the 2nd dealer to get it from him.
Basically, don't trust everything u see on the internet ... Its still one of the nicest patek and IMO will be a highly sought after model in the futur

Karim

Do not trust or believe everything you see on the web.
A lot of grey market dealers claim that they have a certain watch and when they find a buyer then they search for the watch either from an AD or another seller that has one. if they do not find one they give you an excuse for not selling it to you
Cheers

Sorry, I don't want to offend you, but we too often read questions about the number of 5070P produced.

This is an impossible answer to give, as PP doesn't communicate on the number of watches they release.

Therefore, or should I say firstly, the most important is not to know how many were produced, because it doesn't have anything to see with the interest this watch can have, but to know if YOU are truely interested by this watch, if it sings loud to you.

If yes, so don't look at the number of 5070P " offered " for sale, and don't pay interest to what the others do with this watch, this is really depressive.

Real users, or supposed real, filppers, this has nothing to do here.

Sorry for the rant, but if you do a search here, you will easily understand my point, as this kind of topic is, IMO, too often posted here.

We are Purists, we love watches ofr what they are, not for what they represent in terms of value, or of social status...

Best,

Nicolas

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I agree with Nicolas, we are all tired about numbers produced of this beautiful watch ( is not interesting in this post )

By the way .........it is CRAZY   how many 5070 P are on the open market now., ( not official dealers, grey market, private, market collectors,etc. )

Yesterday I was in Lugano in different shops and this platinum watch was offered to me 3 ( three ) times in one hour .

 

Dear Oversea you are right and I agree with you !

This watch IS NOT RARE !

 

Regards ,

 

 

" This watch IS NOT RARE ! "

Sorry but can't agree. It doesn't make it more or less beautifull but saying it isn't rare ?? I'm pretty sure the maximum number is less than 300.  You can call this mass-production but I wouldn't

Besides, some grey market dealers offered you 2 or 3 pieces. So what ? I know 2 or 3 5004  and 1 2499 for sale at 2 different grey market dealer, does this make a 5004 and 2499 a common watch ?

I understand and agree  your comment ........for sure we are speaking about "restricted" production. But for a very restricted market.

I could say .....this watch is not rare.....now on the open market . If you have money you can buy it . It' s just a question of money.

About 300 pcs produced are really increasing the "value" of this watch.... but let me explain .

In the world persons able to spend more than 50.000 Eur in one watch are really few.

FInancial crise attached also this field. It was really easier for me to buy the 5070P in comparison with the 5970g ( it was 5 years ago...no crise).

I think a lot of " speculators" bought this 5070P and now they have in stock ( ok  in very high price)  .

Result : they are standing in unofficial shops and others.

It is now the most offered watch from "bazar people"  .

And in one dinner in Milano few days ago with my collectors friends we had n.9   PP5070p  in 12 persons .

All of us was succesfully in buying from offcial dealers.

Just some food for brain storming .

All my best and thank you for understanding ,

Walter

 

 

 

 

 

 

 

9 PP 5070P ????
Would love to see a pic with 9 of those rare - or not so rare - pieces
Walter, I know rare is relative
And we don't know if they made 100 - 200 - 300 or even a bit more of those pieces.
I think you see a lot of them for sale because everybody knew this watch would be sold with a premium.
So for a grey market dealer this was an easy one. Try to get one and you'll earn money.

This despite of a bunch of enthusiast / collectors who really want one for their own.

It is imo the same story with some Panerai watches  ( 249 - 232 - 292 - 26 - ... )
You see a lot of those for sale because those are the pieces greymarket dealers were or are looking for.
Some of those pieces went directly to people like us, others go directly (or via persons who order in their name for a greymarket dealer)
So when only 25% of the limited pieces go to grey market dealers, we're still talking about hundreds of watches. This can give us the impression that this certain watch is not rare because we'll see them all on the well known internet sites.
ps, wanne bet the next watch you'll find at the greymarket dealer will be the panerai 341 ;-)

So IF Patek made 250  ref. 5070P and 10 or 20% went to greymarket dealers we do have 50 of those for sale, therefore it seems to be 'common'

You also said not many people can or want to buy a 50K watch. Well, I think you don't need to be rich to buy expensive watches. You only need to be a bit nuts (like me ) I do know quite some people who have some pretty expensive watches and believe me, most of them are NOT rich.
I'm one of those LOL. I bought a 5070R 2 years ago, this was a big purchase for me. My car is less expensive !
It's just a passion !!!
Everyday I see hundreds, possibly thousands of cars who cost more than 50K. In fact those BMW 5-series, Mercedes E-class and Audi A6 are not even exclusive - they are common
So people spend 50K without hesitation on a car which depreciates every hour you drive it and this is accepted by everybody. But if one spends the same amount of money on a watch he needs to be rich ?? So I think the number of people who can or want to afford a 50K watch is a lot bigger than one would think

Best regards

with professional Purists like you ! it's a crazy market ..... I agree ....and I am crazy !! of PP !

Have a nice weekend

But I'm not a professional purist. Still need to learn a lot

I agree and say only buy the watch if you love it regardless of numbers......(however low they may be)
I have had my new 5070p on my wrist for just under a week now and all I can say is WOW....
For me the dial contrast just changes the watch....It feels so much more in proportion than what I had expected and the more I look at it the more I love it.....Patek always seem to be able to pull something special out of the bag and for me when the 5070p is on your wrist they have really made a very very good looking watch that just really does seem to work so well......
Anyway back to staring at my wrist  
M.

Lucky you! I also wouldn't care about the numbers, bla bla bla as long as I love the watch & can afford one, I'd go for it.

Shxx, I am drooling all over my keyboard...

you're indeed lucky to be able to admire such a Beauty on your wrist.

And YOU deserve it, as you seem to bery passionately in love with!

Best,

Nicolas

and I will admit to loving this watch for its rarity and in watch terms what ever people say here it is a rare watch but more so for its looks and how it pleases my eye......I have never really been into the resale values of any of my Pateks as I will never see any of their gains......But I know 2 young boys who hopefully one day will be glad of the fact that their Dad was a watch nut .......
Regards
Miles.

Aaah, on a light ton e, I'm still searching for my father...



Best,

nicolas

M.

Sid from the UK...don't forget about me!!LOL

besides you got 'the daddy' watch on your wrist!! beautiful....

Sid

 

Maybe the specific number is not so important, but I am not ashamed to admit that relative rarity is one factor I consider when making a watch purchase, especially at the level of the 5070.

Oh sorry, I fell asleep.

When it comes to loving a watch, there is a multitude of factors that come into play. Everyone is different, and there is no right or wrong answer. There is no point in getting on some moral crusade saying this or that is wrong. To some people, rarity matters. That is not wrong. The look of a watch on the wrist. Its movement. The strap contrast. The clarity of the face. Degree of complication. And on and on. It is a composite of many things that makes one love a watch. I love the 5070P and, like some here, its rarity is a part of that process. Now, do i care if there is 100, 200 or 300? Not really. Do i care if it is 1000? Probably as that impinges on one of the factors that I like about the watch. But it doesnt stop me loving the watch. Its just one part of the process.

In terms of rarity, I spent about two weeks looking for this watch. Absolutely one can find it for sale. But it is hardly being offered around. In fact, I found just two places where I could view one. I elected to go for BNIB from a Patek recommended source. The fact that I found one does not negate its rarity at all, any more than being able to find Picassos at auction.

It remains for me one of the most beautiful watches I have ever worn and 100, 200 or 300 .... would still be one of the most beautiful.

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Nobody wants this to turn into a forum where the "only" discussion is about the economics of watches BUT  ..  I really bristle at the complete removal of any economic discussion of these watches. 

I collect cars as well as watches. When I go to Barrett Jackson, we talk cars all day long, nobody get's shamed out of the tent if they ask "how much is it worth?" ..  It's all a symbiotic and necessary part of the equation. I can assure you that Patek is not displeased that discussions surrounding the economics of their watches takes place; and production numbers are a healthy part of such discussion.

Nothing would make me happier (horologically speaking) and nothing healthier for this series of forums, than to see more of an inclusion and acceptance by forum moderators in regard to the discussion of economics relating to watches. It can only serve this venue, provided such questions are asked in good-taste.

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