5711 offers

[AK797]

Originally Posted by jsw7

Yes really, I was shocked with the price but they paid it and have the watch for sale at £32,750.

Can I ask who was the dealer? You can PM if you prefer. That sale price must be pretty rigid then.

[tyler1980]

Originally Posted by jsw7

Yes really, I was shocked with the price but they paid it and have the watch for sale at £32,750.

Originally Posted by AK797

Can I ask who was the dealer? You can PM if you prefer. That sale price must be pretty rigid then.

makes the 5712 at WF for £35k a super deal

[AK797]

Originally Posted by Flex368

If someone gives me 54.5k I´ll fly to any place in the world and deliver the watch in person.

Funny before Brexit we used to often say fly to Italy or Spain from UK to buy a watch and also enjoy a nice holiday with the savings, but now we would happily fly anywhere to sell a watch and also enjoy this holiday too.

[AK797]

Originally Posted by tyler1980

makes the 5712 at WF for £35k a super deal

Their prices are creeping up now, 5711 at £34,750, bump of 2K this year, passing it straight on as expected.

[bh_horology]

.

[bh_horology]

Originally Posted by Flex368

If someone gives me 54.5k I´ll fly to any place in the world and deliver the watch in person.

Originally Posted by AK797

Funny before Brexit we used to often say fly to Italy or Spain from UK to buy a watch and also enjoy a nice holiday with the savings, but now we would happily fly anywhere to sell a watch and also enjoy this holiday too.

me too

[jsw7]

Originally Posted by AK797

Can I ask who was the dealer? You can PM if you prefer. That sale price must be pretty rigid then.

It was WF. There prices for current model Patek models are very strong.
My friend sold them at 5167 at the same time and got £15,750.

[Calatrava r]

Someone said a million, but seriously, I would not take less than 100K on a quick sale. These watches are going straight up.

[SL BRABUS]

Who in the right mind would buy a SS 5711 for 54K....

At that price you could get a 5711R......

[tyler1980]

Originally Posted by Calatrava r

Someone said a million, but seriously, I would not take less than 100K on a quick sale. These watches are going straight up.

i sincerely hope not. People will literally be putting money into watches instead of retirement accounts. Then it will get really messy later.

[AK797]

Originally Posted by jsw7

It was WF. There prices for current model Patek models are very strong.
My friend sold them at 5167 at the same time and got £15,750.

[GB-man]

Originally Posted by Calatrava r

Someone said a million, but seriously, I would not take less than 100K on a quick sale. These watches are going straight up.

[Ichiran]

Originally Posted by Defiancekofb

What area might this be?

Greater Tokyo...

[sensui]

Originally Posted by Ichiran

Greater Tokyo...

Not shocked according to the grey prices I saw last time in Tokyo. Before this craze took over, close friends that both wear complications from them (annual calendars) bought them from the official AD in Shibuya. I asked them to talk to them a month ago on steel Nautilus....seven to eight years on the 5711 and 3-4 on the 5712....they did mention the white gold 5712 could be available in seven months....here's the kicker, full non refundable deposits and if (this was before word of the price increase) the price goes up...you have to pay up...I tried hard not to laugh since it was all video conferenced. I'm on the lists in the states but I'm already way over this thing (sure I'll buy at msrp if the call ever comes)....it's a great watch no doubt but there are far better ways to spend this kind of money if we're talking stainless...that is just fact. Congrats though to the guys that already has them...imo this is not a good look for Patek at all...time will tell if this pays for them the same way Daytona plays for Rolex...for many reasons, I don't think this ends well for the brand.

[Defiancekofb]

Originally Posted by sensui

Not shocked according to the grey prices I saw last time in Tokyo. Before this craze took over, close friends that both wear complications from them (annual calendars) bought them from the official AD in Shibuya. I asked them to talk to them a month ago on steel Nautilus....seven to eight years on the 5711 and 3-4 on the 5712....they did mention the white gold 5712 could be available in seven months....here's the kicker, full non refundable deposits and if (this was before word of the price increase) the price goes up...you have to pay up...I tried hard not to laugh since it was all video conferenced. I'm on the lists in the states but I'm already way over this thing (sure I'll buy at msrp if the call ever comes)....it's a great watch no doubt but there are far better ways to spend this kind of money if we're talking stainless...that is just fact. Congrats though to the guys that already has them...imo this is not a good look for Patek at all...time will tell if this pays for them the same way Daytona plays for Rolex...for many reasons, I don't think this ends well for the brand.

When I got my 5711, I left a 50% deposit and my AD stated verbally and on the receipt that the final sale price is determined at the time of delivery. So essentially my deposit didn't mean squat. I got my watch Oct of last year and thankfully no increase was in effect that time. Godspeed to those who haven't received theirs before March. I would have been fine with a 5-10% increase in MSRP but 20%? Ludicrous. But that being said, if you can get a 5711 at MSRP, you are still in a great position. People will pay the premium to own arguably the most scarce steel watch on earth.

[Watch Admirer]

I would immediately sell it for 40k, put your name on the list for a brand new one at list price if you really love this boring watch. Wait, buy, resell and make continuous 10k+ profits.

[wulin]

Originally Posted by Ichiran

Someone recently near my area sold his for 54.5k. Nov 2017 blue.

That piece was listed for only 1 week max.

You can get a 5990 at 54.5K, without waiting.

[soundserious]

Originally Posted by Watch Admirer

I would immediately sell it for 40k, put your name on the list for a brand new one at list price if you really love this boring watch. Wait, buy, resell and make continuous 10k+ profits.

Brilliant sir. Always amusing to read what people “would do” when it comes to this watch.

[mobster600]

I feel bad for who spends 40k on the 5711

I bet a new model 5711 comes out in the next few years and the current model drops in price

[mobster600]

Heck PP would be genius’s if they do a second 5711 variation, keep the current one selling at crazy prices and introduce a second stream of revenue

[GB-man]

If you have owned or do own the 5711 and this thread isn’t comedy gold to you...put the kool aid down and step away from the bottle.

[Russell996]

Originally Posted by Watch Admirer

I would immediately sell it for 40k, put your name on the list for a brand new one at list price if you really love this boring watch. Wait, buy, resell and make continuous 10k+ profits.

[tyler1980]

Originally Posted by Watch Admirer

I would immediately sell it for 40k, put your name on the list for a brand new one at list price if you really love this boring watch. Wait, buy, resell and make continuous 10k+ profits.

easier said than done.

With Patek allocating more strictly and more than likely running buyers names i doubt you will get a second these days.

[tng11]

Originally Posted by Defiancekofb

When I got my 5711, I left a 50% deposit and my AD stated verbally and on the receipt that the final sale price is determined at the time of delivery. So essentially my deposit didn't mean squat. I got my watch Oct of last year and thankfully no increase was in effect that time. Godspeed to those who haven't received theirs before March. I would have been fine with a 5-10% increase in MSRP but 20%? Ludicrous. But that being said, if you can get a 5711 at MSRP, you are still in a great position. People will pay the premium to own arguably the most scarce steel watch on earth.

Sorry to nitpick, scarce relative to demand maybe and I get your point that people are paying crazy prices for a hot watch, but it is far from being the most scarce watch on earth per se. I would imagine that other Nautilus references e.g. the 5726 and 5990 are more scarce by virtue of having been produced for fewer years than the 5711, the AP 15407ST, other complicated references, one-offs, etc.

I am quite amazed that in hoping Patek doesn't become a one watch company, Thierry Stern's strategy seems to have completely backfired and now Patek is basically coming to be known to the new generation by the Nautilus with all the hype around it.

[Russell996]

Originally Posted by tng11

I am quite amazed that in hoping Patek doesn't become a one watch company, Thierry Stern's strategy seems to have completely backfired and now Patek is basically coming to be known to the new generation by the Nautilus with all the hype around it.

I have to say I totally disagree. It’s been a total success and has put Patek’s name with the new generation when without the Nautilus it would remain unknown. Now Patek need to get the new generation interested in other pieces and precious metal.

[tyler1980]

Originally Posted by tng11

Sorry to nitpick, scarce relative to demand maybe and I get your point that people are paying crazy prices for a hot watch, but it is far from being the most scarce watch on earth per se. I would imagine that other Nautilus references e.g. the 5726 and 5990 are more scarce by virtue of having been produced for fewer years than the 5711, the AP 15407ST, other complicated references, one-offs, etc.

I am quite amazed that in hoping Patek doesn't become a one watch company, Thierry Stern's strategy seems to have completely backfired and now Patek is basically coming to be known to the new generation by the Nautilus with all the hype around it.

part of me thinks they should just offer complications in their hot product ranges. Not simple watches with lower prices. I agree its not the image they want.... the 5711 company.

5712 is about the simplest they should have and no more 5167's. in the sport range. But they are not exactly steering people to the 5980 or 5990's instead as you cant get those that easily either.

[tng11]

Originally Posted by Russell996

I have to say I totally disagree. It’s been a total success and has put Patek’s name with the new generation when without the Nautilus it would remain unknown. Now Patek need to get the new generation interested in other pieces and precious metal.

I'm not sure where we are disagreeing. I agree with you that the Nautilus has definitely has put Patek's name on the map with the new generation, but my point was that I don't think that accords with Thierry Stern's original hopes. It's possible the strategy was to get them hooked on the Nautilus, and then move them over to other pieces, but that might be a bit overly optimistic. Generally, I've noticed a much stronger shift to sports watches over the last couple of years as our society is becoming more casual.

[tng11]

Originally Posted by tyler1980

part of me thinks they should just offer complications in their hot product ranges. Not simple watches with lower prices. I agree its not the image they want.... the 5711 company.

5712 is about the simplest they should have and no more 5167's. in the sport range. But they are not exactly steering people to the 5980 or 5990's instead as you cant get those that easily either.

Well, don't forget that they still have their simple time-only pieces in the Calatrava range, which are also bread and butter watches much like the 5711 and 5167 and in a similar price range. Only their demand is a lot lower relative to supply.

Personally speaking, when I think Patek, I think complications. I had the 5167 and loved it at the time, but I didn't realize what I was missing until I upgraded to the 5164, and that's where Patek really derives its value and shines.

[tyler1980]

Originally Posted by tng11

Well, don't forget that they still have their simple time-only pieces in the Calatrava range, which are also bread and butter watches much like the 5711 and 5167 and in a similar price range. Only their demand is a lot lower relative to supply.

Personally speaking, when I think Patek, I think complications. I had the 5167 and loved it at the time, but I didn't realize what I was missing until I upgraded to the 5164, and that's where Patek really derives its value and shines.

i guess my point was more along the lines of Rolex in that if you cant get a "hot" model you can always upgrade to a similar piece at a higher price point (PM usually). You can always get a sub or gmt or sky dweller at an AD. You cant get a 5990 that easily if you want a nautilus and the 5711 waitlist is too long.

I was more, fine make the 5711, but have an "upgrade" option that is more readily available too. Shift demand to a higher margin piece. Ive actually never seen a nautilus of any kind on display anywhere. Even the ones approaching 6 figures. Absent the shifting demand, the simple pieces are just too brand defining, or at least run the risk of being that.

[Marcus SE]

Definitely $40k as a minimum.
I do not see any blue dial 5711 in EU below that price any more. Most are $42k and above, even when older than yours.