5167 ( my first purhcase)

[atticusfinchLS]

I am finally going to buy my first high-end watch. I am fond of the Patek Philippe 5167 and have been searching for about six months. I was wondering what the correct price range I should expect to pay is, and what sites, other than Chrono24, you would suggest for finding the watch. How much emphasis should I place on a "never worn" condition versus a "good condition" pre-owned watch?

[321Forever]

A used one in NA on bracelet probably will sell for ~$50K with FB&P, meaning that it has some wear, but no significant scratches and defects.

I have a mid-2010s one and was trying to decide whether to keep it or sell it. I shopped it to two dealers this week and one offered to consign it with my net price being at best $41K if it sold for their starting price. Another dealer that was willing to buy it was offering in the mid 30s. Both were going to price it to sell around $50K. So for owners who want to cash out quickly, the dealer buying angle has significant consequences.

[jgottsman11]

Definitely buy brand new for an aquanaut. That's my opinion. I don't want anyone else's hairlines on my Patek

[HughBlogh]

On Facebook groups, I’m seeing high 40s low 50s depending on condition and if a complete set, so 50 on chrono24 sounds about right

If you’re planning on keeping the watch forever, I’d spring for brand new.

If you like swapping watches, you’re probably better off buying in good condition but not brand new

[JR16]

I would be cautious about buying from chrono24 or FB. Always buy the seller- pay extra for piece of mind. Check out trusted sellers like davidsw, European watch co, Watchbox, etc etc


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[ts3]

This recent thread may be helpful...

https://www.rolexforums.com/showthread.php?t=959476

People say buy the seller but some of the sellers you see getting recommended all the time are playing games too. They advertise watches in like new condition which look like new to the untrained eye but have just been "touched up" from a more or less banged up condition for the sale. You better be able to properly evaluate the condition yourself.

[DavidSB]

All the advice to inspect a potential watch purchase in person assumes the buyer is experienced enough to evaluate the watch. My personal experience is that other than the most obvious indications e.g. pointed crown guards, this is unrealistic. I don't have a good solution other than maybe buy older knowing it's been nicely polished and enjoy it for what it is.