WatchProSite|Market|Digest
WatchProSite|Market|Digest

Patek Philippe

It’s your money...

 

Really depends what you’re in it for.

To own the hot thing and flash it on InstaSnapKikTwitFace?

To have a piece of wrist jewellery that says “check me out, either I bought this a while ago before it was super cool making me a dude who was ahead of the curve, or I bought it at a massive premium which shows everyone that I have lots of disposable cash”?

To fit in with your friends, or pick up hot singles who find wrist jewellery attractive?

To own a particular design that you love?

To buy into the You Never Own A Patek Philippe buzz and brand?

To enjoy a sense of craftsmanship or other intrinsic value?

To buy high and hope to sell higher?

That’s a value judgment for you to make.

I would like to think I buy pieces which combine intrinsic value or craftsmanship - in some combination of the case, dial, movement, etc - with a design that speaks to me, without getting lost in branding, perceived prestige, or trendiness. My own value equation would put a high emphasis on the lovely design of the Nautilus but I’m not a huge fan of the movement, and have never been convinced by modern Patek at its ‘lower levels’ as an item of great rarity or superior craftsmanship, particularly vis-a-vis the company’s pricing (I know, I know - I will probably be called a heretic for saying this).

So for me, yes I would probably buy a Nautilus at retail, although I think the list price is already a bit high. If I really wanted one I would wait for my AD to come through - but I wouldn’t pay over retail for it.

Your mileage may vary...good luck and let us know what you decide!

Best

E.

  login to reply
Related Content
expand_more
Nautilus
💰1727 Marketplace Listings for Patek Philippe›
27 Comments view entire thread 

5711 blue opinion

 
By: Watches_passion : January 3rd, 2020-07:13
Anyone planning for a 5711 blue this year? I am giving up on my AD and started to look at Grey options. Huge price difference but AD is not an option. I have the feeling they are also selling to grey from the back door. Anyone bought 5711 from grey?

Don’t play into the hype!

 
By: Stylophile : January 3rd, 2020-07:28
Honestly I don’t think it’s worth the asking $ on the after market; but to each its own; just my opinion though 😊 Good luck

Iconic watch, no question about this.

 
By: Jay (Eire) : January 3rd, 2020-07:31
Unfortunately the current market has led to more polarized opinions on this watch in recent years. The design was always polarizing BUT the recent years market prices, hype and more broad commercial awareness of this watch seems to have made people’s opin... 

For those like myself who have always paid through the nose for Rolex and vintage Rolex itjust fair market.

 
By: Bill : January 3rd, 2020-07:40
For those with AD access do it for the rest of us you pay what you your are willing to pay this is not investing it is buying for the pleasure. I know it does not sit well with most here to pay over retail but try buying vintage Daytona.

I personally think its worth the money even on grey market.

 
By: Reuven Malter : January 3rd, 2020-08:05
I personally find it much more wearable than all watches at the same price point, because its so thin and light and when you pay 50k at your ad, you might get complications you dont even need. So go with the 5711 and enjoy the watch. I have never bought a... 

The Nautilus is a great watch 👍 If you ...

 
By: GLau : January 3rd, 2020-08:37
like it enough and are willing to pay a premium for it, then by all means get it on your wrist. I have purchased Patek from the secondary market previously. The process went well as I was careful in each step. Best of luck with your decision and look forw...  

Interesting comments.

 
By: ZSHSZ : January 3rd, 2020-22:00
I believe we all have a reason why we like a certain watch. Personally I never bought any hyped watch over retail, mostly because I don’t feel that I love any watch that much, and with patience I believe you can get most hyped references if you really wan... 

Mine is due towards the end of this year

 
By: sham1 : January 3rd, 2020-09:01
and I would not buy from the grey market out of principle. For me, it is vital to be patient when waiting for a watch even if takes years as it makes securing it that much more satisfying. Imagine a hypothetical situation where everyone was patient when w... 

What if it would cost euro 85k in 2022?

 
By: Bruno.M1 : January 3rd, 2020-09:24
I’m not saying it will But I can tell you I once made a mistake with this watch About 4 years ago list was I believe close to 21k and second hand it was about 30 One of my friends wanted one but could not get it from an AD and told me he would pay the 30k... 

Would not worry....

 
By: lascases : January 3rd, 2020-09:37
... 5711 prices have come under a lot of pressure in recent months. Many of them collecting dust at all the grey market dealers. Will be much cheaper than today in the next 12 months, I am nearly sure. Also, there were many AD deliveries of 5711 recently ... 

Overrated 5711

 
By: artp1085 : January 3rd, 2020-10:19
I had one I purchased from an ad about 10 years ago. After a couple of years I tired of it and sold it. In my opinion it is the most overrated watch on the market. Many different opinions on this watch. Gl w your choice

Market price is the real price, retail doesn't mean much if the product is not really available at retail

 
By: 1WatchMan : January 3rd, 2020-13:38
5711 at market price is simply not for me. It might even still be a good investment, who knows? But I'm not a watch investor.

don't pay the premium

 
By: aston.db4 : January 3rd, 2020-13:40
Seeing that the 5711 is on "burnt mode" now with the Hype crowd, it's more fun to find "unHyped" diamonds in the rough nowadays. The "premium" some buyers pay is to fund the supercar lifestyles of the grey market dealers. Someone's always paying for someo... 

Stay on the wait list and ...

 
By: Bokfu : January 3rd, 2020-14:16
find some other pieces for the time being. There are many other great options including other Patek models. It’s not worth paying over the retail because of the hype. Just my 2 cents.

I have bought 3 Nautiluses in past few years!

 
By: Stylophile : January 3rd, 2020-14:36
Both dial colors of 5711 and a 5800 and an Aquanaut; all from AD and at a discount; this was few years ago. Sold them all eventually; never really liked the style. I think it’s the most overhyped model in recent years with essentially a feeding frenzy goi... 

I agree with you what you said. This trend is insane and without logic.

 
By: Pun : January 3rd, 2020-19:10
If one is out for a steel high end sports watch, there are so many good options from VC, AP, Breguet and now ALS that this trend is bound to reverse soon.

It’s your money...

 
By: Esharp : January 3rd, 2020-20:41
Really depends what you’re in it for. To own the hot thing and flash it on InstaSnapKikTwitFace? To have a piece of wrist jewellery that says “check me out, either I bought this a while ago before it was super cool making me a dude who was ahead of the cu...