5711 Hype Dissapearing

[Calatrava r]

Originally Posted by Gandor

Yeah they're definitely dropping fast. I see 60k as a very reasonable target within the next year.

That is getting close to what I think FMV should be on this watch. I remember well when they were 20K retail and could be had easily at a discount.

[FrançoisCzapek]

Do you see the old 5711/1A dropping to $60k, but not taking other steel Nautilus models down with it?

[V25V]

Originally Posted by FrançoisCzapek

This is the problem. Someone who has yet to buy a 5711 might actually be interested, and not need to be put off by this kind of comment.

Watches are not investments. Best advice a potential buyer could ever get.

[ChetBaker]

Many collectors consider their watches a store of value, if not an asset, so going beyond the typical “buy what you like” and “watches are not investments” cliches is fully justified.

[SudiYunus]

Originally Posted by v25v

this is the problem. I could give a crap if the value of my 5711 goes down or not, this is not why i bought the watch. If investment is what you are after, put your money in the market.

+1

[Ichiran]

Originally Posted by v25v

watches are not investments. Best advice a potential buyer could ever get.

+2

[Partekular]

Originally Posted by Ichiran

+2

+3 … BUT…. One doesn’t want to by a watch which depreciates as fast as a lead balloon falls. If that happens one feels stupid for not buying grey a year after release. Buyer’s remorse is not good for any brand.

[kaiserphoenix]

i think its inevitable that residuals form part of the equation when one is looking to spend, 50-100K + AND watch prices are so exorbiant these days, even for non hype watches. I know that is a small sum for some and a considerable sum for others, but at least for me, even if my aim isnt to "make money" I cannot afford to buy a 100K watch and see it fall to 50K instantly. So whilst its not an "investment", it needs to hold its value "reasonably".

[cascavel]

Originally Posted by kaiserphoenix

i think its inevitable that residuals form part of the equation when one is looking to spend, 50-100K + AND watch prices are so exorbiant these days, even for non hype watches. I know that is a small sum for some and a considerable sum for others, but at least for me, even if my aim isnt to "make money" I cannot afford to buy a 100K watch and see it fall to 50K instantly. So whilst its not an "investment", it needs to hold its value "reasonably".

I completely agree with this. And, with a few exceptions, the wealthy people I've met really care about not tossing money away. Residual value matters to most and making money on luxury items becomes a bragging right to many.

[jcdevoe26]

I personally love the fact that a watch such as the 5711 (or 5167) draw too much hype and attention....keeps everyone distracted and chasing after a few pieces while the real gems are easy to get for those of us that lust after them...4947-1/a, for me the perfect Patek (AC, SS, 38mm, unique blue dial)

[1William]

Originally Posted by V25V

Watches are not investments. Best advice a potential buyer could ever get.

I disagree with this. Watches are an investment should you choose to use them that way. But they are not a good investment.

[Partekular]

Check out current RRP of 5172g and 5320G then compare with grey market prices on Watcharts.com. - then deduct 10-20% for sellers margin.

Investments? - Not in the normal pecuniary sense. You can see the rare riser - Nautilus and Aquanaut but fashion is a major determinate in their price - subjective not objective value.