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tictic · 16 February 2018, 08:55 AM

Need advice please.
I own a 1st generation Aquanaut Jumbo (ref. 5065) - purchased new, never worn, still sealed in plastic from the dealer, Open Papers; a Safe Queen.
I know I’m in the minority, but I prefer this over the 2nd generation model. It was a tough watch to find back in the day.
Questions:
1) Does this hold any desirability with collectors?
2) What price would I expect if put on the market now?

AK797 · 16 February 2018, 12:18 PM

This watch is not in play, PM the trusteds here and see.

tictic · 16 February 2018, 01:55 PM

Quote:

Originally Posted by AK797

This watch is not in play, PM the trusteds here and see.

With all due respect, I’m not sure what that means.

GB-man · 17 February 2018, 01:44 AM

Quote:

Originally Posted by tictic

With all due respect, I’m not sure what that means.

Neil is back at the trading desk

He means it is not actively bought and sold here so the liquidity is not there, making it hard to ascertain market price.

IMHO a NOS patek sports watch will always have a buyer. If OP has held it this long might as well stick with it. Some research here leads me to believe nice Pre owned examples were asking about 13k usd.

AK797 · 17 February 2018, 04:27 AM

Quote:

Originally Posted by GB-man

Neil is back at the trading desk

He means it is not actively bought and sold here so the liquidity is not there, making it hard to ascertain market price.

IMHO a NOS patek sports watch will always have a buyer. If OP has held it this long might as well stick with it. Some research here leads me to believe nice Pre owned examples were asking about 13k usd.

I was fast asleep but probably dreaming of the markets... watch ones that is!

soundserious · 16 February 2018, 12:25 PM

Why did you never wear it? Herein lies the trouble with buying for investment. You have missed the value of years of pleasure in wearing the watch, but will eat all of the depreciation.

GB-man · 16 February 2018, 01:01 PM

Quote:

Originally Posted by soundserious

Why did you never wear it? Herein lies the trouble with buying for investment. You have missed the value of years of pleasure in wearing the watch, but will eat all of the depreciation.

I seriously doubt there will be any depreciation. It’s probaly worth 2x what he paid.

What was msrp back then?

Russell996 · 17 February 2018, 02:25 AM

Quote:

Originally Posted by tictic

Need advice please.
I own a 1st generation Aquanaut Jumbo (ref. 5065) - purchased new, never worn, still sealed in plastic from the dealer, Open Papers; a Safe Queen.
I know I’m in the minority, but I prefer this over the 2nd generation model. It was a tough watch to find back in the day.
Questions:
1) Does this hold any desirability with collectors?
2) What price would I expect if put on the market now?

What are open papers?

kilyung · 17 February 2018, 03:31 AM

Quote:

Originally Posted by Russell996

What are open papers?

Name/address on certificate left blank

tyler1980 · 17 February 2018, 04:04 AM

Quote:

Originally Posted by kilyung

Name/address on certificate left blank

surely someones name is in the archives at Patek, right? AFAIK the watch is tied so someone.

Russell996 · 17 February 2018, 05:39 AM

Quote:

Originally Posted by kilyung

Name/address on certificate left blank

So the watch is unregistered with Patek - who would not register their Patek? Why would you not register your Patek? I see no upside?

tictic · 17 February 2018, 01:23 PM

Thanks for all the feedback everyone.

I actually owned 2 of them; I did wear 1 (sold long ago) and kept the other as a “Safe Queen”.

Quote:

Originally Posted by Russell996

So the watch is unregistered with Patek - who would not register their Patek? Why would you not register your Patek? I see no upside?

By Open Papers I meant that my name was not filled out on the COA; but is stamped/dated by the AD and I do have a receipt, etc. A new owner in the future could make this NOS watch their own (if important to them).
And at this point it is beyond warrantee anyway so I see no reason why it wouldn’t be serviced by Patek.

fwhawk · 17 February 2018, 10:00 PM

There appear to be only three 5065s in stainless available on Chrono24 right now. The asking prices are $17,699, $20,000+, and $24,000.

kilyung · 17 February 2018, 05:57 AM

I’ve never seen open papers on a Patek so I can’t speculate on how this could happen.

patrolmi · 17 February 2018, 10:01 AM

Open papers with a Patek would seem like a big negative actually. It's not like they are going to do warranty work without having a receipt/registration and it's not like an individual could register a watch years after getting it I don't think. This open papers thing seems to be a prevalent selling point, listed on quite a few ads, but to me I've never seen the point. I'd much rather buy a watch second hand that has an actual name of a buyer, meaning it has always been legit. Maybe I'm wrong though-

jon_jon · 17 February 2018, 01:13 PM

I have heard that when the Aquanaut was originally released in the late 1990s, it was very much in demand and there were long wait lists. AFAIK it came at a price point lower than other men's Patek and it took a few years before supply began to meet demand.

There will always be a market for the 5065A, especially in original unworn condition. I don't know if open papers will persuade buyers one way or another. Many people request open papers for Patek watches for various reasons - some for privacy concerns and others for keeping prying eyes off their assets (e.g. creditors or tax collectors).

As for market value, it will certainly be higher than what OP paid for back in the 1990's or early 2000s. I assume MSRP was somewhere in the $5000-$10000 range. However taking into account inflation, it may be a wash. If you are interested in selling it, just make a private inquiry to one of the online or B&M resellers. They will quickly tell you what they will pay you, taking into account their markup margin and at what price they expect to sell it for.

GB-man · 18 February 2018, 01:26 AM

Have any pics?

tictic · 18 February 2018, 03:32 PM

Quote:

Originally Posted by gb-man

have any pics?

Here's a couple:

Name: PP ref. 5065 coffin box.jpg
Views: 379
Size: 110.6 KB

Name: PP ref. 5065 sealed & uncut strap.jpg
Views: 379
Size: 61.9 KB

fwhawk · 19 February 2018, 12:19 AM

Regarding the value of your 5065--for what it's worth, I see one sold on EBay on January 20th for $16,498.

tictic · 19 February 2018, 01:26 AM

Quote:

Originally Posted by fwhawk

Regarding the value of your 5065--for what it's worth, I see one sold on EBay on January 20th for $16,498.

Thank you for that. I went in and viewed the original listing - states in “very clean” condition. Ha - the watch had gunk in the clasp and on the case back.
Gee, it’s a waterproof watch -couldn’t the seller at least use a little soap & water to clean it up before the photos?
Also noticed that watch had an early cal. 315/190 movement - by that I mean it was not as well decorated as the later ones (tiny Geneva Seal, only marked 30 jewels and no “adjusted to” markings).

GB-man · 19 February 2018, 01:29 AM

Pretty cool. You will have a very small buying pool because once you open it the value comes down substantially. Kind of a curse of NOS watches.

I would just keep it.

tictic · 19 February 2018, 03:16 AM

Quote:

Originally Posted by GB-man

Pretty cool. You will have a very small buying pool because once you open it the value comes down substantially. Kind of a curse of NOS watches.

I would just keep it.

The Queen will stay in her Throne Room for now.

AK797 · 19 February 2018, 04:03 AM

I would sell it for a fair market price, and buy the updated dial and strap of the 5167 or 64.

tictic · 19 February 2018, 06:27 AM

Quote:

Originally Posted by AK797

I would sell it for a fair market price, and buy the updated dial and strap of the 5167 or 64.

No offense to others, but I really don't care for the 5167 dial (something about luminous numbers).
Maybe someday I will smell the swiss air sealed in the bag

tyler1980 · 19 February 2018, 06:58 AM

Quote:

Originally Posted by tictic

No offense to others, but I really don't care for the 5167 dial (something about luminous numbers).
Maybe someday I will smell the swiss air sealed in the bag :worship:

something tells me that back in the day, you were the kid who kept all his toys sealed in the boxes and never played with them... and now they are all collectors items today .

tictic · 19 February 2018, 09:28 AM

Quote:

Originally Posted by tyler1980

something tells me that back in the day, you were the kid who kept all his toys sealed in the boxes and never played with them... and now they are all collectors items today .

LOL, I did play with them; but kept the boxes for sure!
My Dad taught me well.

AK797 · 19 February 2018, 09:17 AM

Quote:

Originally Posted by tictic

No offense to others, but I really don't care for the 5167 dial (something about luminous numbers).
Maybe someday I will smell the swiss air sealed in the bag

Then are you looking at a Nautilus or Calatrava?

When you get close in you can see the numerals are very well executed and have their own unique charm.

tictic · 19 February 2018, 09:33 AM

Quote:

Originally Posted by AK797

When you get close in you can see the numerals are very well executed and have their own unique charm.

Beautiful indeed!

tictic · 19 February 2018, 09:53 AM

Quote:

Originally Posted by AK797

Then are you looking at a Nautilus or Calatrava?

Loved the 5296 sector dial when I owned it (now sold) and would consider again if made in platinum.

enjoythemusic · 19 February 2018, 05:01 AM

Got the wife a 5065 when i did the 5067. As i recall it was 12k used in mint with box, papers, etc about 4 years ago. Flipped for small loss or even. With yours being sealed, it makes for something interesting, if perhaps needing service due to oils drying over time. The smaller case yet bolder dial never seemed to make it a hot model. Was nice on the wife tho, yet she needed something more durable so she now wears a DJ36 mop pink dial all blinged.

16 February 2018, 08:55 AM	#1
tictic "TRF" Member Join Date: Sep 2008 Real Name: Mark Location: New England USA Watch: 124060 Posts: 129	Aquanaut question Need advice please. I own a 1st generation Aquanaut Jumbo (ref. 5065) - purchased new, never worn, still sealed in plastic from the dealer, Open Papers; a Safe Queen. I know I’m in the minority, but I prefer this over the 2nd generation model. It was a tough watch to find back in the day. Questions: 1) Does this hold any desirability with collectors? 2) What price would I expect if put on the market now?

16 February 2018, 12:25 PM	#6
soundserious "TRF" Member Join Date: Aug 2011 Location: usofmfa Posts: 3,157	Why did you never wear it? Herein lies the trouble with buying for investment. You have missed the value of years of pleasure in wearing the watch, but will eat all of the depreciation. __________________ Instagram: soundsoserious

18 February 2018, 01:26 AM	#17
GB-man 2025 TitaniumYM Pledge Member Join Date: Nov 2012 Location: USA Watch: addiction issues Posts: 37,679	Have any pics? __________________

19 February 2018, 01:29 AM	#21
GB-man 2025 TitaniumYM Pledge Member Join Date: Nov 2012 Location: USA Watch: addiction issues Posts: 37,679	Pretty cool. You will have a very small buying pool because once you open it the value comes down substantially. Kind of a curse of NOS watches. I would just keep it. __________________

19 February 2018, 05:01 AM	#30
enjoythemusic 2025 Pledge Member Join Date: Nov 2012 Real Name: Steven Location: Glocal Posts: 21,837	Got the wife a 5065 when i did the 5067. As i recall it was 12k used in mint with box, papers, etc about 4 years ago. Flipped for small loss or even. With yours being sealed, it makes for something interesting, if perhaps needing service due to oils drying over time. The smaller case yet bolder dial never seemed to make it a hot model. Was nice on the wife tho, yet she needed something more durable so she now wears a DJ36 mop pink dial all blinged. __________________ __________________ Love timepieces and want to become a Watchmaker? Rolex has a sensational school. www.RolexWatchmakingTrainingCenter.com/ Sent from my Etch A Sketch using String Theory.

16 February 2018, 12:18 PM	#2
AK797 "TRF" Member Join Date: Feb 2010 Real Name: Neil Location: UK Watch: ing ships roll in Posts: 59,369	This watch is not in play, PM the trusteds here and see.

17 February 2018, 10:00 PM	#13
fwhawk "TRF" Member Join Date: Aug 2010 Real Name: Stu Location: Fort Wayne, IN Posts: 182	There appear to be only three 5065s in stainless available on Chrono24 right now. The asking prices are $17,699, $20,000+, and $24,000.

17 February 2018, 05:57 AM	#14
kilyung "TRF" Member Join Date: Jul 2009 Location: Cave Watch: Sundial Posts: 33,950	I’ve never seen open papers on a Patek so I can’t speculate on how this could happen.

17 February 2018, 10:01 AM	#15
patrolmi "TRF" Member Join Date: Feb 2016 Location: USA Posts: 170	Open papers with a Patek would seem like a big negative actually. It's not like they are going to do warranty work without having a receipt/registration and it's not like an individual could register a watch years after getting it I don't think. This open papers thing seems to be a prevalent selling point, listed on quite a few ads, but to me I've never seen the point. I'd much rather buy a watch second hand that has an actual name of a buyer, meaning it has always been legit. Maybe I'm wrong though-

17 February 2018, 01:13 PM	#16
jon_jon "TRF" Member Join Date: Mar 2009 Location: USA Posts: 4,371	I have heard that when the Aquanaut was originally released in the late 1990s, it was very much in demand and there were long wait lists. AFAIK it came at a price point lower than other men's Patek and it took a few years before supply began to meet demand. There will always be a market for the 5065A, especially in original unworn condition. I don't know if open papers will persuade buyers one way or another. Many people request open papers for Patek watches for various reasons - some for privacy concerns and others for keeping prying eyes off their assets (e.g. creditors or tax collectors). As for market value, it will certainly be higher than what OP paid for back in the 1990's or early 2000s. I assume MSRP was somewhere in the $5000-$10000 range. However taking into account inflation, it may be a wash. If you are interested in selling it, just make a private inquiry to one of the online or B&M resellers. They will quickly tell you what they will pay you, taking into account their markup margin and at what price they expect to sell it for.

19 February 2018, 12:19 AM	#19
fwhawk "TRF" Member Join Date: Aug 2010 Real Name: Stu Location: Fort Wayne, IN Posts: 182	Regarding the value of your 5065--for what it's worth, I see one sold on EBay on January 20th for $16,498.

19 February 2018, 04:03 AM	#23
AK797 "TRF" Member Join Date: Feb 2010 Real Name: Neil Location: UK Watch: ing ships roll in Posts: 59,369	I would sell it for a fair market price, and buy the updated dial and strap of the 5167 or 64.

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