Don’t be sorry :)
Few guys on the rolex forum have been told by ADs a 20% price rise in USA 1st March
Obviously take with a pinch of salt........
Hurry up George in case it applies to UK :)
Last edited by kultschar; 23rd January 2018 at 23:40.
20% surely seems a bit excessive, though.
Isn't it?
20% is excessive, however the 5711 is selling for such a ridiculously high price over RRP (as high as 70%) Patek may have just decided to try and curb it. Only other alternatives are to either do nothing and let it continue or make more other them. I have read a few times that Patek is started to be seen by a few as a one trick pony as it's all about the desire and demand for the Nautilus. I don't necessarily think it's true but maybe this will stop it. After all human nature is we want what we can't have.
And anyway what does any of us know, we could all be wrong.
What is the UK list for a 5167 just now?
20% seems a lot, but if there is a robust market for flipping at that level, can for sure understand why PP would take that approach.
So, WF have still not listed "my" 5712 despite buying it off me on the 16th, so either:
1) They really are getting it "refinished" despite it being so close to mint IMHO as to make no meaningful difference
or more likely
2) They just sold it straight away to one of the buyers that are "on the list"
Andy
Wanted - Damasko DC57
Possible they also heard of price rise rumours and holding back your 5712???
Prob unlikely but guess never know!
I did look for it yesterday just to see what price they would slap on it
Is yours the newer of the ones here?
http://www.watchfinder.co.uk/presale...erby=BestMatch
USA price rises for 5711 and 5712 are supposingly
5711/1A $29,803
5712/1A $39,873
Upon news of the hike the famous David SW grey dealer on the Rolex forum just listed a 5711 for $43,500
Nuts!! Mines available for a mere 40K lol
Apparently 5711 and 5712 have also had a UK price rise (worldwide rise)
Not sure how much though / if also 20%
Interesting its currently these two models only (allegedly).
Guess PP sick of the grey dealer Nautilus profits and what a piece of the action.
Really hoping this does not apply to other models as still pondering upgrading 5167 to 5164
Last edited by kultschar; 25th January 2018 at 12:25.
Now being confirmed as a UK 20% rise for 5711 and 5712 UK
By my poor maths I calculate the 5711 would be £22,824
In that case I want 45k ;)
It's just a matter of time...
Story of my life; I sold my 5711. Just like the Seadweller 4000. How is that for good judgement.
Is this from an AD? Would make the 5712 GBP 30k (roughly) which seems punchy and may change my future plans. Always wanted that model as slightly obsessed with the cheesy advert but currently that puts a 5980r not much more above it. Wonder what will happen to the 5167 prices in the grey market
Last edited by crooky13; 25th January 2018 at 14:18.
Yep looking at
5711a £19,020 -> ~£22,824
5712a £25,440 -> ~£30,582
Makes the 5167/5164 look bargains hahaha
The Aquanauts are surely going to feel a knock on effect with demand and possible adjustment down the line.
Been posted on another forum an across the board PP price rise is looking to happen at Basel, these two have just been brought forward?!
Does anyone recall the proverb containing a goose and some golden eggs?
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all good news and will slowly bring things back to normality. There is a ceiling on steel modern watches, better PP take most of the profit than anyone else. I personally think we are nearing the end of this bubble.
will be interesting if PP also decide to make more, rest of their line isn't selling so well so they will need to keep busy somehow.
With this move from Patek I’m surprised we haven’t had a Rolex price increase thread yet
In all seriousness, even though I doubt it will happen, a similar move with the 116500 and a couple of others would seem logical.
By comparison, the steel Daytona really is a bargain at £9100.
With GBP having strengthened more than 5% versus CHF over the past year or so, it's a heck of a time to be whacking on a price increases. Bonuses all around in Geneva I suppose. I could see a big price increase if GBP kept weakening, but the weak GBP which would have foreign buyers seeking to buy in the UK should be already correcting sharply.
It's just a matter of time...
If prices of EUR and GBP watches are set equivalent and GBP weakens, it's a huge incentive for EUR shoppers to buy in the UK - lower price, and no tax demerit. That's one of the trends we have seen recently. Strengthening GBP should go to lessening the attractiveness of that.
Of course if domestic market is still incredibly robust, natural that PP would adjust to capture that benefit for themselves, rather than just leave money for people to buy, flip and profit.