WatchProSite|Market|Digest

Patek Philippe

Patek 5970 Question

 

I am a watch collector that has decided to purchase my dream watch: the Patek 5970 as a 40th B-day present to myself.  Took some convincing but the wife is on board too!  This is a big "step up" for me, so as you can imagine, I am a little nervous and want to make sure I do my diligence.  Most of my six watches are priced in the 10k to 15k range, so we really are talking about playing in a whole different league.  I have done some research but would be very interested in the informed opinions of the participants on this forum.  I have a few questions:

1.  What would be a fair price for a (i) 5970 R, or (ii) 5970 G in either new or NIB condition?  I am hoping to pay about  $105k - 110k (5970 R) or $115k - $120k (5970 G).  Is this realistic?  I am basing this on what I believe market prices should be now, based on the totality of the circumstances (market meltdown, Wall Street bonus evaporation, etc.), even though I know that these numbers would have seemed low 6 months ago.

2.  I live in Northern California.  Is there a location/broker/dealer that you can recommend in the area?  Would it be best to go through an AD like xxxxxxxx?  Any thoughts on buying the watch from xxxxxxxxxxx (an *bay seller).

3.  For those of you that own the 5970, do you love it?  Did the initial "high" wear off after a few months of ownership?  How often do you wear the watch?  When you do, do you enjoy doing so or are you constantly paranoid about scratching the case?    

I know you are all very busy so I thank you in advance for any response.

****Grey Market Dealer deleted***

This message has been edited by DRMW on 2009-05-11 14:53:11

  login to reply
💰1728 Marketplace Listings for Patek Philippe