Patek Philippe

Bruno.M1
4904

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collectibility

The 5070 vs 5170 or 5970 vc 5270 is not only about the movement but imo more about the asthetics

I do prefer the 5070 BY far, I've seen the 5170 and it is a very nice watch. If I had the money I would buy a 5170 too ... 100% sure. But the 5070 is for me and a lot of others the bette rlooking watch.Between the 5970 and 5270, I like the 5970 and might prefer the 5970 but since I did not see a 5270 yet I'm not 100% sure.

Now, about the movement, you said the inhouse is probably better than the heavily modified Lemania. Well, probably you are correct but that's (imo) not the point. Those movements are so good that being a few % better doesn't make any difference anymore

What makes a difference is the fact that the one is discontinued and was always sought after. In the future  Production numbers will grow because of the Asian demand. So if there will be made 5000 5170 and 5000 5270 PP by the year 2025, the inhouse will be not that rare, not compared with the old Lemania.

Look at several other examples, why do you think a Zenith based daytona ( 16520 ) is more expensive than a inhouse 116520 ? In 1999 the 16520 was a lot cheaper than the 116520 today but secondhand a 16520 is more expensive than a newer 116520. Or look at Panerai. A Pre Vendôme with a CHEAP ETA is several times more expensive than a 2003 ETA based or 2010 inhouse movement Panerai. Collectors want the most rare. Or why do you think a Rolex 16610 LV (green bezel) is a more expensive than the regular 16610 sub black bezel. The only difference is a stupid green bezel. BUT Rolex made 5 or 6 times more black subs than green subs between 2004 and 2010. And since they are now discontinued the secondhand price goes up too.

Now, if the 5170 and 5270 would be discontinued in 2013 because Patek would have made ( for some strange reason ) a completely OTHER inhouse movement and put it in a very different case, than ofcourse the 5170/5270 would become very sought after

I don't think most people will prefer a 5070 over a 5170 because they have one but simply because they really love it much more ... or they think about the collectibilty factor . The 5170 will be made a long time and if you start saving you can always get a 5170.

Now, not many people here have a 2499, more people have a 3970 or 5970. But I'm sure almost everybody will prefer a 2499 and not a 3970/5970. So when you say : "My feeling is that people always prefer what they have bought themselves and given that only a few people have the new pieces but many more (relatively speaking) have the older pieces here, the loyalty to what they already own is driving a unfair evaluation.That's human nature of course" I really can not agree.