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Bearxj86 · 10 July 2019, 04:40 AM

That just feels...wrong on so many levels...thoughts?

I see the 5980-1R on bracelet going for like $180...that's almost as much as a 5711R and a 5980A or a 5980A + 5711A

That much for gold?

Sam Philip · 10 July 2019, 05:36 AM

Quote:

Originally Posted by bearxj86

That just feels...wrong on so many levels...thoughts?

I see the 5980-1R on bracelet going for like $180...that's almost as much as a 5711R and a 5980A or a 5980A + 5711A

That much for gold?

I agree it is wrong on many levels

However if we look at the MSRP of 5980A (last MSRP was around £ 35000) and MSRP of 5711R (£ 40800) it does not appear that bad as current MSRP of 5980/1R is £ 67540

There is a 5980/1R listed at £ 182700 and that is almost the MSRP of a 5270P and a 5711R. The same dealer has listed a 5204P at £ 182700 and a 5370P at £ 173565. I think that is insane.

AK797 · 10 July 2019, 05:40 AM

Offer price would be 30,40K lower than asking, so not quite that much leverage but yes its all crazy all the time now.

Sam Philip · 10 July 2019, 05:52 AM

Quote:

Originally Posted by AK797

Offer price would be 30,40K lower than asking, so not quite that much leverage but yes its all crazy all the time now.

I think the offer price would be significantly lower than that.

pam66 · 10 July 2019, 07:22 AM

Quote:

Originally Posted by Sam Philip

I think the offer price would be significantly lower than that.

you are wrong.

Sam Philip · 10 July 2019, 07:26 AM

Quote:

Originally Posted by pam66

you are wrong.

Will a UK dealer offer more than £ 110000 for a 5980/1R?

Aquaman · 10 July 2019, 07:29 AM

Quote:

Originally Posted by Sam Philip

Will a UK dealer offer more than £ 110000 for a 5980/1R?

I've just browsed some UK greys, and luxewatches just sold 1 for 148k, so would they want to pay 110 maybe not, but would you watch 28k profit go away

pam66 · 10 July 2019, 07:40 AM

Quote:

Originally Posted by Sam Philip

Will a UK dealer offer more than £ 110000 for a 5980/1R?

i don't know about UK dealers but elsewhere the answer is yes. is it insane? yes of course it is. but wait until the 5980 series is discontinued, then it will be fun....

AK797 · 10 July 2019, 09:16 AM

Quote:

Originally Posted by Sam Philip

I think the offer price would be significantly lower than that.

Probably initially as bid prices trail ask prices terribly, but if they will actually accept 160 then I think 110/120 would be a final offer.

Pateks · 10 July 2019, 05:43 AM

This bubble is going to burst and burst hard. People buying 40 or 50k watches didn’t get in that position by being stupid with their money. This is just dumb.

Bearxj86 · 10 July 2019, 05:50 AM

I am all for bubbles, but the sub-bubble of the master bubble is getting bigger than the master bubble itself! That's TOO BUBBLY!!!! It defies the physics of bubbles!

Aquaman · 10 July 2019, 05:54 AM

Quote:

Originally Posted by bearxj86

I am all for bubbles, but the sub-bubble of the master bubble is getting bigger than the master bubble itself! That's TOO BUBBLY!!!! It defies the physics of bubbles!

micro bubbles?

Jinson · 10 July 2019, 06:00 AM

I'm curious how much of this is driven by collectors outside of the US who seem to prefer gold.

Fat_ninja · 10 July 2019, 06:48 AM

Quote:

Originally Posted by Jinson

I'm curious how much of this is driven by collectors outside of the US who seem to prefer gold.

Silly, There are rappers in the US too. I don’t know about London.

raclaims · 10 July 2019, 06:15 AM

I'm waiting for them to get to $200 then I'm selling mine! Can't wait!!

Pateks · 10 July 2019, 06:19 AM

Raise your hand if you would pay 180k for a 5980r on a bracelet.

We have some of the most enthusiastic watch fans here so let see how many actually would pay that much for this watch?

s.m.b. · 10 July 2019, 06:50 AM

Quote:

Originally Posted by Pateks

Raise your hand if you would pay 180k for a 5980r on a bracelet.

We have some of the most enthusiastic watch fans here so let see how many actually would pay that much for this watch?

Negative.

vtsyrlin · 10 July 2019, 12:03 PM

Quote:

Originally Posted by Pateks

Raise your hand if you would pay 180k for a 5980r on a bracelet.

We have some of the most enthusiastic watch fans here so let see how many actually would pay that much for this watch?

there are probably 1000's of mainland Chinese would be Nautilus clients put their hands up.

Pateks · 10 July 2019, 12:54 PM

Quote:

Originally Posted by vtsyrlin

there are probably 1000's of mainland Chinese would be Nautilus clients put their hands up.

Well, mainland Chinese people aren’t excluded from being a part of this website.

Sooo....anyone?? Bueller? Bueller?

vtsyrlin · 10 July 2019, 01:21 PM

At this point in time, China is the largest luxury watch goods buyer in the world.
All available statistics (check Hodinkee, etc) point to Chinese buyers being the primary driving force for high demand and increasing prices.

Quote:

Originally Posted by Pateks

Well, mainland Chinese people aren’t excluded from being a part of this website.

Sooo....anyone?? Bueller? Bueller?

Pateks · 10 July 2019, 06:19 AM

Raise your hand if you would pay 180k for a 5980r on a bracelet.

We have some of the most enthusiastic watch fans here so let see how many actually would pay that much for this watch?

Aquaman · 10 July 2019, 06:27 AM

Quote:

Originally Posted by Pateks

Raise your hand if you would pay 180k for a 5980r on a bracelet.

We have some of the most enthusiastic watch fans here so let see how many actually would pay that much for this watch?

Possibly for the 40th, wasn't lucky enough to get 1, but the blue is wow, and diamonds mmmmm mint

ap1 · 10 July 2019, 07:00 AM

I was trying to get up the nerve to pay msrp

pam66 · 10 July 2019, 07:52 AM

btw, also the 5980R is going up in value. actually, i like my R better than my 1R. weird hype.....

Sam Philip · 10 July 2019, 07:55 AM

Quote:

Originally Posted by pam66

btw, also the 5980R is going up in value. actually, i like my R better than my 1R. weird hype.....

Both look great

By the way again some thing missing from your photo

pam66 · 10 July 2019, 07:57 AM

Quote:

Originally Posted by Sam Philip

Both look great

By the way again some thing missing from your photo

i just picked up the watch and didn't want to scratch it:::::))))...yet.

Fat_ninja · 10 July 2019, 08:36 AM

Quote:

Originally Posted by Sam Philip

Both look great

By the way again some thing missing from your photo

Amazing that we are all over the world but Pam66 is infamous for his beads lol

Sam Philip · 10 July 2019, 08:50 AM

Quote:

Originally Posted by Fat_ninja

Amazing that we are all over the world but Pam66 is infamous for his beads lol

pam66 · 10 July 2019, 06:36 PM

Quote:

Originally Posted by Sam Philip

fixed it for you: famous instead of infamous!

pam66 · 10 July 2019, 07:59 AM

a year ago i was offered a sealed 5980A blue for 48K euros. i said no thanks, that is above the last list price. ohhhh well.........

10 July 2019, 04:40 AM	#1
Bearxj86 "TRF" Member Join Date: Jun 2017 Location: Los Angeles Watch: 3970 Posts: 3,880	Can you really buy a 5980A + 5711R with a 5980R That just feels...wrong on so many levels...thoughts? I see the 5980-1R on bracelet going for like $180...that's almost as much as a 5711R and a 5980A or a 5980A + 5711A That much for gold?

10 July 2019, 05:40 AM	#3
AK797 2024 Pledge Member Join Date: Feb 2010 Real Name: Neil Location: UK Watch: ing ships roll in Posts: 59,367	Offer price would be 30,40K lower than asking, so not quite that much leverage but yes its all crazy all the time now.

10 July 2019, 05:43 AM	#10
Pateks Banned Join Date: Jul 2019 Location: USA Posts: 327	This bubble is going to burst and burst hard. People buying 40 or 50k watches didn’t get in that position by being stupid with their money. This is just dumb.

10 July 2019, 05:50 AM	#11
Bearxj86 "TRF" Member Join Date: Jun 2017 Location: Los Angeles Watch: 3970 Posts: 3,880	I am all for bubbles, but the sub-bubble of the master bubble is getting bigger than the master bubble itself! That's TOO BUBBLY!!!! It defies the physics of bubbles!

10 July 2019, 06:00 AM	#13
Jinson 2024 Pledge Member Join Date: Feb 2012 Location: West Coast Watch: Older GMTs & Subs Posts: 564	I'm curious how much of this is driven by collectors outside of the US who seem to prefer gold.

10 July 2019, 06:15 AM	#15
raclaims "TRF" Member Join Date: Mar 2013 Location: NJ Posts: 2,617	I'm waiting for them to get to $200 then I'm selling mine! Can't wait!!

10 July 2019, 06:19 AM	#16
Pateks Banned Join Date: Jul 2019 Location: USA Posts: 327	Raise your hand if you would pay 180k for a 5980r on a bracelet. We have some of the most enthusiastic watch fans here so let see how many actually would pay that much for this watch?

10 July 2019, 07:00 AM	#23
ap1 2024 SubLV41 Pledge Member Join Date: Mar 2013 Location: usa Posts: 19,490	I was trying to get up the nerve to pay msrp

10 July 2019, 07:52 AM	#24
pam66 "TRF" Member Join Date: May 2017 Location: cambridge Posts: 2,339	btw, also the 5980R is going up in value. actually, i like my R better than my 1R. weird hype.....

10 July 2019, 07:59 AM	#30
pam66 "TRF" Member Join Date: May 2017 Location: cambridge Posts: 2,339	a year ago i was offered a sealed 5980A blue for 48K euros. i said no thanks, that is above the last list price. ohhhh well.........

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