FabR
[Senior Patek Moderator]
26166
Things are getting even more interesting (or unbelievable?), as I was looking at C24 today and now there are as many as *two* 5175 advertised on sale!
The one you saw earlier for $14.8M is still up, and now there's also one from a HK dealer for $13.7M... I never received a $1.1M discount in my life, so I'll probably buy the second just to see how it feels.
It saddens me
to notice today that one of the six lucky owners of the Grandmaster Chime has decided to sell his watch. While browsing a popular used website, I could not help but notice the £11.7 million plus price tag being asked for which is almost 5 times the origin...
I have little doubt that the six chosen owners of the Grandmaster Chime
were among the best Patek clients who would be pretty well heeled so I cannot imagine any of them needing the money. And if the owner did pass away, I would have thought the watch would be passed on to the next generation. I suppose the beneficiary of the...
It really should!
Maybe not every Patek bought will be passed down to the next generation but one would have hoped that the lucky owners of the Grandmaster Chime would observe this tradition. Your dad did!
If I may, do you happen to know the other five owners?
I'm just curious, whether there was an special event for these best clients or the units were delivered individually. Thanks!
Eeeks! I think I am the official black sheep in mine!!
In that I am the only one who would keep a 5175R rather than sell it given half a chance. I might not wear it but I would definitely keep it to admire!
The Grandmaster Chime I believe
would be coveted by the majority of us for what it represents.
No, Sham you would be a good sheep in your family. 😁
The idiot sheep is the one who squanders everything away.
Thank you for saying so
but unfortunately in my family, the bad sheep is the one who buys too many watches!!
Too right!!!
At that price, they should hand deliver it to any part of the world for free or at least offer to arrange a private jet for you to collect the watch. That is afterall the Patek way!
Could be a trap... There might not be a watch at all. Bait for wealthy buyers when there's no watch to sell to build client lists...
I'm a little hesitant to post this because this could give bad souls good ideas... Iinitially I thought: All that vetting, and just a couple years later it's sold on "that" website. It's obvious that it's someone who doesn't know what he's doing to sell s...
Interesting thought process Patrick.
Quite odd also that this watch is being sold by an Australian dealer. I am not implying that an Australian used dealer is not qualified to sell this watch but one would have thought it that if this was a genuine advertisement that it would be sold in the ...
That surprised me as well.
I'd think the six owners (if it is truly only six) are clustered in those regions as well. Six is really an incredibly low number. Definitely hand picked by the Sterns themselves.
That is very fair!
But I understand that there are two prominent Patek collectors in Thailand so one has missed out!
Still, sad that there are only SIX! What a rarity!
But to be chosen by the Stern family as a worthy appreciator of Patek Philippe timepieces, that'd be a great honor! I'd be honored just to be considered!
Hmm, you are a mgmt consultant helping companies reach high-net worth individuals
maybe YOU are the one just testing the waters on this watch ? OK, I guess not - it was just an idea. Cheerfully, Cazalea
Wished I could take credit... But it's too unethical of an idea for me...
I still find Tesla's price change of their Model 3 from $45,000 to $46,000 somewhat unethical. The car was released for five days and the price has already changed? Give me a break!
They changed the price by USD1k??
Perhaps someone made a typo error between the 5 and 6 and it had to be corrected.
Thanks Sham for alerting us to this surprising sale. Although unthinkable, IMO we should...
not jump to conclusions without knowing the background story of why the owner wants to sell. Hopefully it is not simply for a profit if the owner does not really need the extra millions. BTW, I do not think it could sell for 5x original price.
If only all Pateks
could be sold for 5 times the original retail price!! okay, okay I am being too greedy here, I would settle for 4 times the original retail price!!
Agreed 100% Gordon!
The asking price is quite ludicrous considering a not too dissimilar 6300G is currently in production. But I am wondering who in their right sense of mind decided on the asking price and if the advertisement was genuine, what was the end target price that...
Hi Sham, perhaps the dealer is testing the market and then with an informed price will...
approach owners to ask them to sell ? Alternatively I am watching and reading too many spy and conspiracy movies and novels ?
I always thought that the list of people
who ended up with a watch like the 5175R would be kept highly confidential. We know of one fellow purist who has one but only because the watch was shown in the forum. I can only guess who the other five lucky owners were. And yes, you are reading too man...
Patek Philippe will be very careful with the list...
But this Australian dealer might sell his own list. Unless he signs a contract with every prospective buyer or has a Privacy Policy. Legally, he could sell the list.
Exactly my thoughts Gordon.
Seller wants to compile a list of wealthy watch collectors accustomed to overpaying for watches. This list alone is worth something. Google spends all day compiling lists and databases that are then sold to advertisers who want to target a specific segmen...
You guys are reading the same spy books!! :-)
but I seriously doubt anyone in the market for a grandmaster chime would pay that amount of money and therefore, would not contact the dealer in the first place.
Oui oui, we must be reading a lot of Le Carre spy novels... Or Fleming novels.
Ian Fleming intended James Bond to wear a Rolex Submariner, not an Omega. And James Bond was supposed to drive a Bentley, not an Aston Martin.
And thank goodness Mr Fleming's intentions were not realised! :-)
as it helped Aston survive but saying that, it means the DB5 has become quite unaffordable. In fact all the DBs from the 50s and 60s seem to have no upper price ceiling. As for Rolex, I dare say if James had been wearing a Submariner, it would be competin...
Aston Martin has gone bankrupt 007 times...
Seventh time is the charm! In the Sean Connery James Bond films, Bond does wear a Rolex Submariner!
The story I heard from people who worked in the movie product placement business...
People who worked in the movie product placement business (but not specifically for the James Bond movie) told me that EON Productions (movie company) tried to make it accurate by including the Rolex; Rolex wouldn't loan or gift the movie producers a watc...
Glad you did...
With a charismatic leader who has not been shy saying he wants to bring Aston Martin to a new segment of women buyers, a new designer, and a fresh product line; Aston Martin has gone public. After being a company that has gone bankrupt seven times. This p...
Eeeks!
I certainly hope not, at least not during my life time. I would miss the sound of the V8 or V12 burbling away at idle. How did we manage to move from the Grandmaster Chime to Aston Martin??!!
It is quite large to honest
at 47mm plus and is more a demonstration of Patek's technical prowess especially in the field of minute repetition and grand sonnerie. Still, it would be nice to know that the owners did wear their watches at least on very special occasions.
Oh wow!!
Spoilt for choice!!! To see one is amazing, to see two is almost unfair to the eyes
I think I remember Mr Trump purchasing this watch.
I believe I read it in a watch magazine. Now 100 % sure however. Can anybody confirm this?
I hope no one can confirm this!!! :-)
In the words of John McEnroe 'You cannot be serious!!'
I think I figured it out. Trump likely does not own the Grand master Chime.
Back during 2016 US election there was an article in Forbes magazine which picked a watch which they thought would fit the personality of each presidential thought that The grand master chime would be fitting for candidate Trump. I guess big ego equals b...
Phew! Thank God!!! :-)
If size matters, he should be walking around with a U Boat watch!
To clarify
there were only six 5175Rs produced for the 175th anniversary of Patek Philippe in 2014. The 6300G that you see on the website came out later and is not a limited edition watch although it is an application piece ie Patek would vet each and every potentia...
To clarify
there were only six 5175Rs produced for the 175th anniversary of Patek Philippe in 2014. The 6300G that you see on the website came out later and is not a limited edition watch although it is an application piece ie Patek would vet each and every potentia...
You are absolutely correct!
Seven were produced, one for the museum and six for sale. I tend not to count the one that is not for sale!
Fortunes or priorities change over time. Sad but true.
Let's just respect the collector's move to sell. At one point in time. He had the privilege of owning a very complicated Patek. Cheers to all. 😅 Geross
Yes it is the prerogative for any collector to sell a watch
but this is THE Grandmaster Chime, one of the most special wrist watches ever made. I personally feel that if the collector had wanted to sell it, he should have offered it to Patek first as the company had given him the privilege to acquire it. Assuming ...
You know how I am with size Mike!! :-)
The watch is arguably 10mm too large but hey, a great piece nevertheless to ogle at. I need a lawyer's income!!!
Speed can take care of that problem.
Maybe you're not understanding what I'm suggesting.
Only one slight problem
I doubt with Mike around if we are going to get any wrist time or any time with the watch!!! He might however reward us with one of his Richard Lange Pour Le Merite (he has two!!! )
Regardless aesthetically the watch is way too much...
The case engraving and the lugs extended from the case just don't do it for me. Would have been more interesting to see the watch with all these complications in a simple elegant case. S
Then this watch should suit you fine Salman :-)
The 6300G with no hand engravings ...
Thank you Sham....
That does look much better, actually its very nice, never saw it before. Thank you again for sharing that. S
I am glad you like it Salman
It is a quite amazing watch and I am glad Patek added this to its regular range even if the waiting list is many years long and via application only.
It would be a dream for almost all of us Salman.
And I am very much like you as I too am happy and blessed with the few watches that I already own
You may be sad
but sometimes life forces us to do things for our continued existence. Regardless of how much money a person may have , this is a lot of money to have tied up in a watch and perhaps in this case it needed to be put to better use.
Load More Comments >>