Incoming Patek 5980 1/R 001

[inadeje]

As part of this ongoing hobby, I decided to offload several watches to consolidate into a single piece through a straight trade. I’ve gone through a few collection-reduction phases before, but this time I’m really focusing on trimming my collection to a more manageable size and cutting down on the rotation time, compared to my previously bloated lineup.

Here’s what I traded in:

- Patek Philippe 5980/1A Stainless Steel 2014
- Rolex Daytona White Dial (11 Series) 2021
- Rolex Daytona Black Dial (11 Series) 2018
- Rolex Sky-Dweller Blue Dial on Oyster 2023
- Bvulgari Endurer Chronosprint - 2019

My total cost on these was $131K, so I feel it was a solid trade overall. The 2017 5980 Rose was recently serviced in late 2022 by Patek and unworn since returning.

Shout out to Gary at Gluxe Jewelers in Miami for another hassle-free, top-notch trading experience! Highly recommend these guys for anyone in the market to consolidate. https://gluxejewelers.com

[messikens]

Congratulations!

Not a trade I would have made but the piece looks awesome!

[huncho]

congrats, great trade given your collection

[inadeje]

Originally Posted by huncho

congrats, great trade given your collection

Thanks! I held onto my Zenith Daytonas because, honestly, I think Rolex nailed the aesthetics with those. The new 12 series brings back that classic look with the slimmer sub-dials, hands, and hour markers, which I really appreciate. I’m planning to re-add a black dial 12 series along with a 12 series on Oysterflex to my collection—feels like the perfect balance of old-school design with modern updates.

[APhound]

Wow


Sent from my iPhone using Tapatalk

[GGGMT]

I’m speechless! Amazing trade and an absolutely stunning pick up!


Sent from my iPhone using Tapatalk

[jiries00]

Such a beautiful piece.....it's the big boss of the Nautilus line in my opinion. Congrats on an amazing trade!

[inadeje]

Originally Posted by messikens

Congratulations!

Not a trade I would have made but the piece looks awesome!

Thanks!

Originally Posted by APhound

Wow

Originally Posted by GGGMT

I’m speechless! Amazing trade and an absolutely stunning pick up!

Originally Posted by jiries00

Such a beautiful piece.....it's the big boss of the Nautilus line in my opinion. Congrats on an amazing trade!

[Flex368]

Congrats, that's a beautiful reference.

I would have tried to keep the SS 5980 but I think it was a right step to let the Daytonas and Skydweller go for that special one.

[Pw92676]

Wonderful!

[Aboutderntime]

Beautiful watch! Congrats!

[1William]

Congratulations. Great looking watch.

[inadeje]

Originally Posted by Flex368

Congrats, that's a beautiful reference.

I would have tried to keep the SS 5980 but I think it was a right step to let the Daytonas and Skydweller go for that special one.

The 5980 was definitely what I considered my halo piece so I didn’t wear it for mundane occasions. After much consideration that fact relegated it to the chopping block since the Rose will replace the SS usage in my collection

[brandrea]

Congratulations, enjoy it

[inadeje]

Originally Posted by Pw92676

Wonderful!

Thanks!

Originally Posted by Aboutderntime

Beautiful watch! Congrats!

Originally Posted by 1William

Congratulations. Great looking watch.

Originally Posted by brandrea

Congratulations, enjoy it

Thanks, Brian.

[Flex368]

Originally Posted by inadeje

After much consideration that fact relegated it to the chopping block since the Rose will replace the SS usage in my collection

I've tried this twice and failed twice. In the end I added the PM references of the SS watches I already had.

[V25V]

Badass. That was a lot to give up but if you are gonna wear this all the time and enjoy it, its 100% worth it! Looks heavy!

[IGY]

That is a statement alright! And yeah... I like it.

[inadeje]

Originally Posted by Flex368

I've tried this twice and failed twice. In the end I added the PM references of the SS watches I already had.

You failed because you couldn’t rustle up the trade aspect with a dealer? Or, you couldn’t bring yourself to part with the SS? If it’s the prior I create an excel spreadsheet with all the watches I’d be willing to trade adding C24 benchmark prices and my desired price and then just fire that out to dealers and await feedback. It works like a charm or has for all my previous trades and this one. If you would like an example of my spreadsheet drop me a DM.

[Flex368]

Originally Posted by inadeje

Or, you couldn’t bring yourself to part with the SS?

I am a pack rat and never sell/trade any watches.

[inadeje]

Originally Posted by Flex368

I am a pack rat and never sell/trade any watches.

Well, in my humble opinion, you’re missing out on one of the great pleasures this hobby brings us, especially with Rolex watches that either hold most of their value or, if bought at AD, often are worth more. I derive as much pleasure feom honing and fine tuning the collection as I do the new reference hunt. It’s all in good fun and can end up being very rewarding

[JSol1]

Originally Posted by inadeje

Well, in my humble opinion, you’re missing out on one of the great pleasures this hobby brings us, especially with Rolex watches that either hold most of their value or, if bought at AD, often are worth more. I derive as much pleasure feom honing and fine tuning the collection as I do the new reference hunt. It’s all in good fun and can end up being very rewarding

I responded to your post over on the Rolex forum, but I agree with your sentiments and finally making some moves has brought back a refreshing aspect to the hobby and keeps it interesting

[inadeje]

Originally Posted by JSol1

I responded to your post over on the Rolex forum, but I agree with your sentiments and finally making some moves has brought back a refreshing aspect to the hobby and keeps it interesting

[Xray]

You did a fantastic trade! i wouldn't want to negotiate with you.

[inadeje]

Originally Posted by Xray

You did a fantastic trade! i wouldn't want to negotiate with you.

$131k USD for an "as new" fully serviced and unused 5980 Rose is pretty impressive, so I definitely agree. That said, it’s crucial for members with large collections to stay aware of the current market and the big challenges dealers are facing when it comes to moving high-end pieces like these. In my last two major trades, including this one, I found that dealers are more willing to make concessions to convert these heavy-hitter pieces into multiple watches that are easier to move, with more accessible price points for the current market downturn.

It’s a lot easier to offload a couple of Ceramic Daytonas than it is to sell a single watch worth $50k to $60k. That’s why, in my trade, I turned one watch into five that are easier to move. For anyone with a large collection, now’s the time to consolidate if you’ve been thinking about it. Dealers need to shift those high-priced, harder-to-move pieces to keep cash flow going, so there are definitely deals to be made!

[Ellz]

Wowza- love it :-). Congratulations!!!!!

[IamJacky]

Congratulations! I've personally thought about consolidating my watches as well but haven't been able to make up my mind for it, your posts provide lots of good insights, thanks for sharing!

[James84]

Considering your out of pocket costs on what you traded, you did well. You damn near got the 5980 at the last MSRP price after tax.

Well done and congrats.

[inadeje]

Originally Posted by James84

Considering your out of pocket costs on what you traded, you did well. You damn near got the 5980 at the last MSRP price after tax.

Well done and congrats.

Yes, you are right. I have the original receipt for the watch which was purchased at Patek Philippe, Marbella, Spain. With the tax at 21% (Spain) it was well over the 131k USD I had invested in those traded pieces when the Euros retail price is converted to USD. Pretty good outcome

[BNA/LION]

Congratulations!