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Thread: Patek 5940, what else should I be considering?

  1. #1
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    Patek 5940, what else should I be considering?

    Dear All

    My first post here.

    I think I am wedded to the idea of a PP 5940 in yellow gold with the delightfully understated cream face.

    I have never bought a watch at this level before and I am slightly nervous. I am spending so much time thinking and rethinking that I am somewhat losing my way! I have slim wrists and so, the choice available to me seems to be somewhat limited.

    I have looked in WoS and the other expected places, but the only watch I seem to have seen that works on me is the 5940. That being said, these places only stock new watches. I am more than happy to consider older/discontinued watches. Are there any other watches at this price level that I should be looking at do you think?

    Also, I'd be grateful on views about the black 5940 with black face v the gold 5940 with cream face. Is black a bit of a "strong" choice for a dress PP that one could get a little tired of or find difficult to live with?

    I have tried to upload pictures, but I have failed miserably! If anyone could upload, that would be ace!
    Last edited by CJQC; 20th October 2017 at 14:56.

  2. #2
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    Crikey! Not a single reply in over a month. I was under the impression this was quite an active forum. Perhaps my query is a bit basic!

  3. #3
    Master
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    Why restrict your buying options to those in a certain price point, as opposed those you may enjoy for what they are, not what they cost.

  4. #4
    I saw the 5170g recently in Hong Kong and thought it looked amazing. Not too sure of relative sizes and prices, but it’s an extremely elegant watch with the added interest of the chrono.

  5. #5
    Master
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    I'd consider a car at that price range

  6. #6
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    buy a 911.

  7. #7
    Master WatchIng's Avatar
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    Beautiful, if pricey, watch -and, as a PP it will probably hold its value well. I'm more of a Lange man and you might look at their offerings - or indeed at some of the Independents.

  8. #8
    Master
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    I'm not sure many have first hand experience of buying in that price range ....

  9. #9
    Grand Master learningtofly's Avatar
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    Beautiful watch, and I love that case shape.

    I suppose the Lange Saxonia annual calendar in gold would be worth considering, and a fair bit cheaper (although clearly a more simple complication). It's a more conventional case, but another beautiful watch with their classic grand date and a very pleasing dial layout.

    Last edited by learningtofly; 21st October 2017 at 12:13.

  10. #10
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    I don't know whether you are looking for a modern watch but I've always preferred the 3940 to the 5940.

  11. #11
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    Thank you everyone. Some food for thought here. I tried the 3940 and the 5940 but they don't quite work for me. I mean, they're lovely watches but not quite as good looking at the 5940.

    I think it's the "cushion" shape that I am attracted to. Are there any other watches out there with a similar look?

    Also, where is a good place to try and find a 5940? I'm quite happy with the used watch.

  12. #12
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    Sorry, should have added: how safe is to buy from somewhere on the continent if you're based in the UK?

  13. #13
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    Quote Originally Posted by CJQC View Post
    I think it's the "cushion" shape that I am attracted to. Are there any other watches out there with a similar look?

    Also, where is a good place to try and find a 5940? I'm quite happy with the used watch.
    Whilst not all the cushion shape, it seems you’re looking for something that’s not the typical round case.
    To that end, here are a few alternatives across the price spectrum, rather than just the high end.

    https://www.chrono24.co.uk/vacheronc...-id6196746.htm
    https://www.chrono24.co.uk/vacheronc...-id6343230.htm
    https://www.chrono24.co.uk/glashuett...-id5577666.htm
    https://www.chrono24.co.uk/ulyssenar...-id4634766.htm
    https://www.chrono24.co.uk/ulyssenar...-id4411390.htm
    https://www.chrono24.co.uk/cartier/w...-id5523036.htm
    https://www.chrono24.co.uk/girardper...-id2901056.htm
    https://www.chrono24.co.uk/vacheronc...-id6946365.htm
    https://www.chrono24.co.uk/danielrot...-id3140113.htm
    https://www.chrono24.co.uk/audemarsp...-id4476831.htm
    https://www.chrono24.co.uk/audemarsp...-id6412908.htm
    https://www.chrono24.co.uk/audemarsp...-id6670974.htm
    https://www.chrono24.co.uk/danielrot...-id6670252.htm

    Now, if you are more interested on the perpetual calendar and can make do with a regular style case, then I’d be looking very closely at Lange & Sohne Langematik, Urban Jurgensen, and FP Journe’s Octa PC.

    https://www.chrono24.co.uk/urbanjuer...-id6751041.htm
    https://www.chrono24.co.uk/alangesoe...-id5324250.htm
    https://www.chrono24.co.uk/fpjourne/...-id6735719.htm

    And if tourbillons give you a buzz, then I’d lean very heavily in this direction… https://www.chrono24.co.uk/girardper...-id6160549.htm

    Better pics here – http://robertmaron.com/product.php?productid=20561 – and an idea on where the price should be… http://www.sothebys.com/en/auctions/...53/lot.49.html


    Good luck deciding on which one to opt for, if not the 5940J.
    Last edited by PJ S; 24th October 2017 at 20:26.

  14. #14
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    Quote Originally Posted by PJ S View Post
    Good luck deciding on which one to opt for, if not the 5940J.
    Thank you!! That's a lot of food for though. I'm looking forward through going through your links. You're right, I am interested in an elegant and non-stereotypical shape of watch.

  15. #15
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    how far does the budget stretch? ;)

    http://www.phillipswatches.com/ny-au...-in-pink-gold/

  16. #16
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    Quote Originally Posted by td1596 View Post
    how far does the budget stretch? ;)

    http://www.phillipswatches.com/ny-au...-in-pink-gold/
    Haha, not nearly enough for this I would suspect.

    PJS, thanks for all those suggestion. I have to say, that none of the non-standard shaped watches there come close to the 5940 in my opinion. Perhaps my mind is made up!

  17. #17
    Master
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    ^
    Sounds like you’ve convinced yourself that the 5940 is the one for you, at this moment in time.
    Once you’ve had it for a bit, you may decide it’s no longer the one, and you can revisit those above (and others).
    Equally, it could be your happy ever after watch… only time will tell.

  18. #18
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    I'm not keen on the cushion case of the 5940 but the black dial version does look very nice. I have a 3940 and absolutely love it.
    The 5940 is not a popular model so you should be able to negotiate a discount.

  19. #19
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    Quote Originally Posted by Cinch View Post
    The 5940 is not a popular model so you should be able to negotiate a discount.
    I did in fact try at PP and I was told unequivocally that there was zero discount available. Pity, because you're right. I love the 5940 but it's far from flying off the shelf...

  20. #20
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    Also, coming to the faces themselves I am completely torn between the black face/white gold case and the cream face/yellow gold case.

    I think the gold is more classic and is likely to be easier to sell on should I chose to do so one day? The black feels more modern and it has wonderful presence where the gold is just quietly elegant.

  21. #21
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    The black dial is a real beauty and as you say is a bit more modern and quite sporty. I'd go black dial.

  22. #22
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    Quote Originally Posted by CJQC View Post
    I did in fact try at PP and I was told unequivocally that there was zero discount available. Pity, because you're right. I love the 5940 but it's far from flying off the shelf...
    As with the popular models, contact those ADs not in major cities, who are possibly more likely to be up for a discussion on what price you can have it for.
    Last edited by PJ S; 26th October 2017 at 00:43.

  23. #23
    Quote Originally Posted by CJQC View Post
    Also, coming to the faces themselves I am completely torn between the black face/white gold case and the cream face/yellow gold case.

    I think the gold is more classic and is likely to be easier to sell on should I chose to do so one day? The black feels more modern and it has wonderful presence where the gold is just quietly elegant.
    If you buy new you’re likely to take a big hit on whichever configuration you go for due to the reference not being a popular one. Watchcentre has an unworn 2016 model for £39,950 which is marked as negotiable. Considering the rrp is £66,850 it gives you a view of residuals.
    I’m happy to send you through the details of the AD I used when I bought my PP but I don’t think you’ll get anywhere near the grey dealer prices.

  24. #24
    What about a Laurent Ferrier Galet Square?

    This one is a bit over budget, but they’re lovely:

    http://laurentferrier.ch/galet-squar...mited-edition/

  25. #25
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    Quote Originally Posted by PJ S View Post
    As with the popular models, contact those ADs not in major cities, who are possibly more likely to up for a discussion on what price you can have it for.
    Thanks PJS. I'm a bit of a virgin when it comes to watches, having only ever bought used watches that were rather lower priced than this watch. But f- it, you only live once and it's for a good occasion.

    Can you recommend any ADs outside of London (and I assume the UK?) that might want to have a chat?

    - - - Updated - - -

    Quote Originally Posted by ajw232 View Post
    I’m happy to send you through the details of the AD I used when I bought my PP but I don’t think you’ll get anywhere near the grey dealer prices.
    I'd be grateful for a PM in any event. Never hurts to try.

    Philip, thanks for your thoughts. Nice looking thing, but not quite the complications I like.

  26. #26
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    Quote Originally Posted by CJQC View Post
    Thanks PJS. I'm a bit of a virgin when it comes to watches, having only ever bought used watches that were rather lower priced than this watch. But f- it, you only live once and it's for a good occasion.

    Can you recommend any ADs outside of London (and I assume the UK?) that might want to have a chat?
    https://www.patek.com/en/retail-serv...ized-retailers

    Ring around and see what you can negotiate, bearing in mind the one mentioned above is at a price that’s going to be hard to get relatively near to, with still 13-14 months warranty on it.

  27. #27
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    I've just made contact with a seller in Singapore who has reduced his 5940 from 48,000 to £41,500 for an unworn watch with papers, box all present and correct. Apparently, he can also have the watch registered in my name as an added bonus.

    I will make contact with those recommended here and see what happens! I'll update as well.

    He says it comes with a 2 year official Patek warranty as well as he "bought it last week". Logically, I assume he bought it from Patek and is selling it for a profit, suggesting he paid less than £41,500 (his asking) for a brand new 5940. I wish there was some way of finding the deal he got! Any thoughts how he bought at that level?

    £41,500 is still more than I want to pay for this, but it encouraging to see that I am not off my rocker when trying to buy an unworn 5940 at under £40,000. That's my magic number and hopefully, I'll get there!
    Last edited by CJQC; 26th October 2017 at 11:56.

  28. #28
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    He might not be selling at a profit. He is maybe buying to help secure a more difficult piece and therefore happy to break even or take a small loss.

  29. #29
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    Having seen this reference today I got to say I love it. Given list is 64 the deals on these are amazing. Over time they should do ok too. It’s a classic Patek

    I’d add that I really prefer the white gold to yellow. I don’t dislike yellow gold, in fact love it, but, Patek white gold is so beautiful that it’s a winner. It’s a lovely grey colour that has such warmth, so from the current offering I’d go black dial.
    Last edited by Kash; 26th October 2017 at 18:19.

  30. #30
    I have to say that I didn’t really like this watch from the pictures I had seen online. I walked past the PP Salon on Bond St on the way home tonight and they had one in the window and it completely changed my mind. As with most PP’s photos don’t really do it justice and it looks great in real life. Good luck on your search, I hope you end up with one!

  31. #31
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    Just to let you guys know that I got SUPER close to a purchase of a 5940J last week, but it looks like that it is not to be sadly! It was a 2017 watch with almost the whole warranty left...

    I'm disappointed, but the good news is that there are definitely sub-£40,000 5940Js around. Unworn with box and papers. Just need to be patient and negotiate hard! That's two of them in the last week, bit like buses and I hope to catch the third one!

    Just came across the 5040P when trawling the internet. Similar cushion shape, but not as attractive as the 5940 I think.

    What do guys think of the 5040? It's quite a lot cheaper than the 5040. Worth trying one on?

    https://www.youtube.com/watch?v=RHbmSmKSGF0&t=2s

  32. #32
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    By way of an update, just missed out by USD 1,200 on this lovely example with a year's warranty still on the watch. The bidding moved so fast, I couldn't bid again to win it! Sothebys were good to deal with. Answered all my questions before I bid and I would deal with them again.

    http://www.sothebys.com/en/auctions/...7/lot.900.html

    This would have been some way cheaper than any of the watches of Chrono24 and I think USD 35,000 is about the market value of these watches at the moment. They just don't seem to be selling. Every single watch that was on Chrono24 when I started my search is still for sale. Many are unworn and under warranty.

    Fingers crossed for getting one at this level sometime soon. Patience in the meantime!

  33. #33
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    I tried on a 5940j whilst in abu dhabi today. I also compared it first hand to a 5140p and a 5164r. The first of the three was the most refined, the most beautiful, the most classic Patek. Wonderful watch. I completely get the appeal.

  34. #34
    Master Neilw3030's Avatar
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    Quote Originally Posted by Philip View Post
    What about a Laurent Ferrier Galet Square?

    This one is a bit over budget, but they’re lovely:

    http://laurentferrier.ch/galet-squar...mited-edition/
    Have to say that I have a homage watch that looks just like this.

  35. #35
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    Quote Originally Posted by erics View Post
    I tried on a 5940j whilst in abu dhabi today. I also compared it first hand to a 5140p and a 5164r. The first of the three was the most refined, the most beautiful, the most classic Patek. Wonderful watch. I completely get the appeal.
    Indeed Erics. My efforts to buy one in the UK aren't going very well though. As a result, I find myself considering the 5140p-017 as there are a few more of those around. They are more expensive, and in my view, less special.

    The thing is that there is such a range in prices for the same type of mint, unworn 5940 that it is hard to work out what a good purchase price is. I've got on in the US on hold at £35,000 - but it will be months till I get there.

  36. #36
    Master raptor's Avatar
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    Try my local dealer if that helps
    I can pass by if you like pm me and i can negotiate for you if anything available
    https://www.stephanidesluxurygoods.com

  37. #37
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    Hi, thank you very much for the offer! If you could investigate what he can do, I'd be very grateful!

  38. #38
    Quote Originally Posted by CJQC View Post
    [...]I find myself considering the 5140p-017 [...]
    The 5140's dial is an inept mess. I'd skip it.

    If it's going to be a round Patek perpetual calendar, then the 3940 is the one to have.

  39. #39
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    Quote Originally Posted by Belligero View Post
    The 5140's dial is an inept mess. I'd skip it.

    If it's going to be a round Patek perpetual calendar, then the 3940 is the one to have.
    Very true, not only the squashed numbers on the date sub-dial but also the oversized fonts.
    I also looked at the 5940 but ultimately I really wanted the round case. The 3940 is a winner!

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