Reply With QuoteMy understanding was that it was only the Nautilus .
Just read this over on Pistonheads
https://www.pistonheads.com/gassing/...=187&t=1723826
Anyone got more info?
My understanding was that it was only the Nautilus .
Last edited by paskinner; 9th February 2018 at 15:16.
I was told only the 5711 and 5712
That’s some price hike
With the 11 and 12 being the two hot Nautiluses, I wonder if Patek is planning to increase output to satisfy demand, and also take some heat out of the grey prices.
As a cynic, I also half suspect Patek is testing the waters by proxy, seeing where the greys go with pricing after the increase.
Heard it was 03/03.
Finally! They’ve been scandalously underpriced for far too long... ;-)
Reassuringly expensive!
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The fact that GBP has mildly appreciated against the CHF over the last year, makes this unlikely.
I’ll file this under all the other speculative crap.
I doubt Patek even consider what a grey dealer does but with such strong demand for their watches I’m sure they feel the market would absorb a price rise and it strengthens their desire amongst collectors who realise they are not only a superb watch but strong investment tooOriginally Posted by PJ S
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RIAC
If money is no object then what matters the price?
I heard that this price increase is only going to be for the nautilus models
It’s confirmed already mate....
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I was told yesterday that as of 1st March it is only the 5711 and 5712 that are having a price rise.
The reason apparently told to ADs is to differentiate to the Aquanaut and to stop grey market dealers....hmm, not sure what effect that will have!
Glad I held on to my 5711.
Had some enticing offers for it last year
Likewise, but I wanted one for a while. I'm hoping the 5167 prices don't go too crazy before I pick one up though!
It's just a matter of time...
Nice to see they are now pushing to price themselves as a premium brand...
Rolex prices are getting too close, no wonder Patek decided to widen the gap again 😜
As we say up north, "EH?"
Has this been confirmed as I think I am getting close to a 5711 🤔
They can increase the price all they want but with such limited supply there will be little to no benefit to them or us. I can only see the Grey's pushing prices up.
Think we are probably at saturation point when a steel sports hits £30k just think the gap between RRP and independents will just be closer
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RIAC
I was going to say that I see these, 5711, going the wrong side of £35k (from the main trade sellers), but I note that Watchfinder are only £250 off that already!
At the price point for the 5712 now, I am thinking a 5146 or 5205. That is annual calendar in precious metal money
Price increase is confirmed but I heard it was only for the nautilus
I’ve said it a few times Patek want to protect customers investments 5711-5712 are hitting £35k at greys atm.
Before the price rise hits it’s not like you can walk into a dealers and walk out with one at RRP over the counter, I predict that these will become the most expensive production SS watch with prices going north, I think we will see nearer 40k by the end of the year.
I think this is achievable as they will never become main stream and will cross permanently into the collector/investment bracket.
25k is achievable to buy and flip to make a quick profit, Patek want owners who pass the watch onto the next generation not flip like a common Rolex, @ £30k no so achievable atm unfortunately Patek have created a desirability that way outstrips demand with only a very very limited number ever being released yearly.
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Last edited by Volvomanuk; 26th February 2018 at 07:18.
Agree
Luckily, we all have a choice as to which (if any) brand of watch we buy. If PP can raise prices on “sports” watches by 20% and still fill their desired capacity, good luck to them. That’s capitalism.
Rolex Oysterquartz (17000) SS beater; Cartier Santos quartz in steel/gold for dress wear; Audemars Piguet Huitième chronograph in yellow gold; Glashütte Original Senator Excellence SS; Glashütte Original Panoreserve SS; Stowa Flieger; GO Sport Evo Pano.
Need more . . . .
Well anyone can have my 5711 for a bargaintastic £42,500. Can't say fairer than that. In 50 years time that will seem like the sale of the century lol
It's just a matter of time...
Same my AD just delivered my 5712 before price increase if anyone wants to buy it for £150k taking into account the next 50 price increases let me know LOLOLO
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Mission accomplished, then?
Aren't Rolex and PP forcing SS prices up & supplies down in order to boost sales of the other 90+% of their ranges??
I am on the waiting list for a Nautilus. The dealer made me aware that they will keep the original cert. for 12 months after delivery (I get a photocopy) Its quite obvious why this policy is being adopted going by what I am reading.
I can't help feeling that there's a whiff of tulip mania about these prices. On the one hand, there's clearly a place in the market for a globally recognised watch of this value. Demand is high while supply is small, and the watch itself is distinctive enough to play the part. On the other hand, there's a sense that its desirability is fuelling itself, as prices go up and the watch becomes ever more unattainable and so more desirable and so on. And yet all this is built on the shaky foundation of fashion, combined with the idea that a particular asset can only go one way and so is an investment. It may well be, but I'll be watching from the sidelines.
That's two of us.
I was lucky enough to pick up my 5711 last March, have worn it rarely and its as close to mint as possible.
So out of curiosity and seeing some of the pricing being asked at grey dealers i asked for a buy price last week just to see what the offer would be.
For me this puts it into perspective. Retail when i bought - £18030.00. Grey dealer asking price today - £27500.00. My offer of last week - £19350 - £19800.00
Needless to say its going nowhere.
Last edited by Nev; 26th February 2018 at 12:13.
White or blue dial?
White, the blue today has an asking price of £32750+
Thought so just wanted to check as clearly they are anticipating a drop! Offered £22k on a white 3/4 weeks back appears across the board their prices are remaining strong but not buying in at what they used to!
Higher prices create more desire in this category ... I think the marketing people have a word for that ...
I don't know how people can feel comfortable wearing such high value watches in public ... in terms of safety ...
As a criminal mugging someone for a £20- 30k watch has to be one of the lowest risk crimes for the size of the pay out ...
it is less that 3 years since Patek reduced RRP's by 10% inc 5711/5712
so they can go up and down !
I am bemused that someone mentions Tulip mania.... rather have a real safe full of SS Nautilus than the hot air being pumped on the Bitcoin thread
Patek slips well under the radar where as a sub or seadweller could see you battered. I’ve worn mine in some dodgy locations including the M/CR GTG on several occasions.
Patek and fashion in the same sentence, that made me laugh.
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Last edited by Volvomanuk; 26th February 2018 at 16:51.
Had a few offered this week for 3000 Baht......
When you look long into an abyss, the abyss looks long into you.........
Hi Nev don't quote me but after 2 years I heard a rumour that you can send it for a service and get the dial swapped for a blue one ?
Any thoughts anyone ? Makes £££ sense
You can, but it's not cheap. You'd have to ask the current price though, and the papers would then be for the wrong dial watch.
It's just a matter of time...
You'd be more likely to mug someone for their fake!
I'd also suggest mugging people isn't the easiest of crimes to pull off successfully- it requires close contact and leaves the criminal in danger of identification.
It's just a matter of time...
Or maybe not…
https://www.rolexforums.com/showthread.php?t=571521
https://www.rolexforums.com/showthread.php?t=555171
I’m not suggesting it doesn’t happen, but...
There are a lot of fake watches being worn, and the criminal needs to get up close and personal - there are easier crimes with less risk.
It's just a matter of time...
I think I’d feel uncomfortable wearing a watch of that value.
That's another thing as I heard again that PP ( can potentially re-issue them ?? ) I think the service would be £2k ish with dial and hands but the numbers easily stack up with the price difference and well worth checking with PP .
Personal choice. I’ve had very few people notice what brand the watch is. Those that know I’m into watches ask what I’m wearing - most who have asked hadn’t heard of Patek, and most definitely didn’t recognize the model.
Enough people own cars of much greater value than luxury watches and just leave them at the side of the road, or outside their house
It's just a matter of time...
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