Patek Philippe

Buyer’s remorse on a 5212a purchase

By: NardinNut : March 13th, 2022-15:10

I received the call from my AD that he had a 5212a I had first dibs on. I was out of town so couldn’t go in to try it on. Made decision to buy it since they’re hard to come by and AD likely wouldn’t receive another one for rest of year. I’ve posted up bef...

Buyer’s remorse on a 5212a purchase

Buyer’s remorse on a 5212a purchase

Nope... you are not crazy.

Nope... you are not crazy.

Agree

That happens to all of us. A few years ago I bought a special edition Panerai, didn’t bond with it, wore it twice in 5 years, and eventually sold it.

It's one of their....

I like the watch but it can happen to have this buyer remorse

Sorry to hear that you have buyer's remorse ☹️

It’s definitely a nice piece. I don’t want anyone to think otherwise.

I don't really think you are crazy, but rather let me thank you for your honest feedback on this piece....While this is a Patek most collectors love and would be very thankful to be allocated, in the end, very simply, it's always a matter of taste! :-)

100%

👍😉

Excellent advice 👏

🙏👍

Looking into this with the AD

I see.

Yep, like I said below I think the only option is to formally resell it as “used” (they won’t get a new certificate), but I’m sure Patek would approve😉👍

there you go, so selling in the secondary market is a better option

Very well said…OP will have a million respect here if returning the watch.

I know, the demand has been quite crazy for it in the past 3 years...Should he decide to return it rather than resell it, I'm sure Patek will also keep it into account ;-)

Makes sense Fab. I actually saw this one and didn't like it IRL so did not have to make any rash decisions 😉

+1, I personally loved it (and my girlfriend too, at some point she even wanted to ask for one!) but it’s a very particular piece hence in the end it’s definitely a matter of taste👍

isn't that once the warranty is filled with the name of the owner

Nope, I’m afraid you cannot request a new warranty (the watch was officially sold). But I’m sure all involved would still appreciate — from the new owner (who should be informed and receive a 5212 at MSRP), to the AD (who won’t get in trouble)..

So does that mean the AD takes it back and then turns around and sells at mark up as used?? That would be messed up

Nope, you should definitely talk to them and to Patek, but the AD shouldn’t obviously make a cent more out of this!😉The new (and still lucky!) owner would be getting a “used” watch at MSRP, the only way around given that a sale formally took place👍

PS: The point here is obviously not for the AD to make a profit in your place, but for one more lucky individual to access a 5212 at MSRP rather than at market value😉👍

umh but why? he bought the watch, if he doesn't like it he can sell it no ?

Oh yes, what I suggested is definitely what I would do, and frankly, also what an AD should advise if a client doesn't want to keep this piece....but flipping it and making $20k+ on the grey market *within minutes* does legally remain an option ;-)

+1

In this case, you should have not bought it, in my opinion. There are s many other nice watches to get.

LoL,

But our friend had to pic it up, didn't he? So, he could pass at that moment. With such a " popular " reference, the AD would not have been in trouble.

True.

Yes Nico, but when someone is so lucky to be selected for such a special watch at MSRP, I think it's totally understandable if they take a few days to decide whether they suddenly do *not* like it anymore... ;-)

+1

;-)

No. It was shipped to me

There you go....

Ah I understand. But the question now is will you keep it. ;)

+1 👍

Versatile

Shows-off....

Wow, you definitely made your screen name proud here…superb strap selection!😉👍

Really like the 2nd strap pairing

It’s these types of photos that made me so excited to get a chance at the 5212! It looks awesome on so May different types of straps. I have a few waxed canvas straps coming in various colors so I’ll see if that changes my opinion. Thanks for the pics!

I hunted a long time for this beauty. Steel watches from Patek are a special bread like the 5960.

Another top point....

Superb SS calendar duo, love the last picture!😍

Killer duo!

Superb!!!

I personally live this reference and hope it grows on you. That said this is very subjective I know…. Try to see online if you find compelling strap combos with this reference you like…

I had the same experience

I think what keeps going through my mind is all the other options out there for 40k.

Retail. What is that? Never been soo lucky. I have no luck on the AD front always had to buy at market.

Same experience here

My humble contribution…

I would hold onto it. Just put thoughts aside for the moment...

My suggestion

It’s personal

We have all probably been there st some stage of our collecting lives….mine was getting a blue 5711 in 2016 and on

Thank you all for the insight

Thank you -- please take your time, and we sincerely wish you to make the right call with this very special piece, whichever it will be! ;-) Cheers.

It’s fun

Update on my prior rant.

It is an awesome watch for your collection. I think it is one of the newest complications introduced by Patek in a long time.

This is unfortunate, but you are certainly not wrong at all

Oh yes, what I suggested is definitely what I would do, and frankly, also what an AD should advise if a client doesn't want to keep this piece....but flipping it and making $20k+ on the grey market within minutes does legally remain an option ;-)

Yes Nico, but when someone is so lucky to be selected for such a special watch at MSRP, I think it's totally understandable if they take a few days to decide whether they suddenly do not like it anymore... ;-)