Advice from fellow Patek Owners on a potential "package" deal

[coralfarmer84]

I've been wanting and waiting patiently for a 5711R. I've supposedly been on the list since early last summer so basically a year and a half. I have zero purchase history with my local AD as I only own 1 patek that I bought grey and up until recently was only really interested in Rolex. So anyways I've been trying to pop in lately on a monthly basis so they get familiar with me and so on. No luck so far. However I was just recently talking to my salesperson and he dropped that if I wanted a 5711r he could make it happen if I paired it with another watch. I was offered a preowned AP 15400or white dial on strap at 28k and the patek at msrp. Alternatively I could get a new 5205r black dial at I'm assuming msrp and then also get the 11r. I hope to buy several pateks in the future as I like the 5711 blue dial, 5712R and 5712 blue dial as well. But I don't want to buy a second watch thats going to take a huge price hit immediately because I might as well just pay the grey premium then. Any advice on any of the watches I've mentioned. Or possibly something you've paired to get a desired patek from your AD that I should consider. I know very little about the AP other than I think it would be nicer with a black dial. Thanks guys.

[RHIII]

Sorry - I don’t ‘’do’ or subscribe to ‘package’ deals. I think it is a detestable strategy by ANY AD - and I would take my business elsewhere - period.

My .02


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[nyc2la]

If you want the 5712r, see if you can package that with the 5711/1r.

I wouldn’t package with a watch I don’t want, though, especially if it’s going to take a bath in the secondary market.

[B01fan]

How much do you like that AP or the 5205? Are they pieces that you would buy absent the package deal?

The 5205 black dial is a beautiful watch but if bought new at MSRP will take a significant hit in absolute dollars if you ever need to move it.

Since it sounds like you eventually want to own 5-6 Pateks (many of which are hard to secure at an AD) it may be worth trying to establish a relationship now.

[Ichiran]

Are there any other "slower moving" patek that you might be interested? Try to buy those pieces that you are more keen on, and build a relationship from there. Once you are in the good books, you will get those popular pieces easier in the future.

[sensui]

Package deals only make sense if it's something you want.

[s.m.b.]

As others have said, it only makes sense if it’s a watch you want.

[Codik]

Originally Posted by RHIII

Sorry - I don’t ‘’do’ or subscribe to ‘package’ deals. I think it is a detestable strategy by ANY AD - and I would take my business elsewhere - period.

My .02


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This. That would be a "goodbye" request for me.

[ap1]

This doesn’t surprise me. Have you seen the blue dial 5205? You need a discount on that second piece imho. Like you said, buy rg at the reseller price and you’d be better off. Is there anything else more sticky like 5164, 5726 etc. probably not but I’d just hit them up with other hot pieces.

[superstarmar]

Originally Posted by sensui

package deals only make sense if it's something you want.

This!!!

[yoast]

I’d find another AD

[PJ S]

Originally Posted by RHIII

Sorry - I don’t ‘’do’ or subscribe to ‘package’ deals. I think it is a detestable strategy by ANY AD - and I would take my business elsewhere - period.

This, a thousand times over!
Be upfront and honest, and let them know you will take you current and future business to another AD prepared to act professionally and isn’t morally corrupt!
If they call your bluff, then they were never worthy of the profit you’d have been handing them.

[Jay (Eire)]

Originally Posted by PJ S

This, a thousand times over!
Be upfront and honest, and let them know you will take you current and future business to another AD prepared to act professionally and isn’t morally corrupt!
If they call your bluff, then they were never worthy of the profit you’d have been handing them.

I agree with the above.

To add: don't lose sight that there is a lot of money chasing these watches right now, and lots of other discretionary items, and it's likely to change at some point.

[coralfarmer84]

I get what you guys are saying with the find another AD. But that also means starting on a new list and years of waiting. I’m not sold on the other pieces, I think the 5205 is a beautiful watch but I don’t see myself ever wearing it based on my lifestyle and casual attire. I was just getting my thoughts on paper I guess. It’s a sellers market and most ADs know they can get more than msrp on these with the right avenues

[jon_jon]

Building a relationship with an AD goes both ways. If you are only interested in Nautilus and the ones you are interested in are already difficult watches to obtain from an AD, it will be difficult to start a long-term relationship with an AD where it is mutually beneficial. The AD probably has dozens (and maybe hundreds) of potentially "new" customers who just want to buy Nautilus and Aquanaut.

If you have a wider interest in other Patek watches and/or watches from other brands, it will make the AD relationship work out better. If an AD has a Nautilus to sell and have a couple of dozen people interested, how will he allocate this piece? First come first serve? Or someone who will likely come back and buy other Pateks or watches from other brands. How will the AD know if you will flip the watch right after the sale? I know I am being somewhat of a devil's advocate here, but trying to give you a different perspective.

If your interest lies in just a few difficult to find Nautilus, I think it is easier and less stressful buying it pre-owned without the long wait and suspense.

[kneedeep]

Why buy something you don't want? Many ADs, not just your's, are being repugnantly opportunistic with the non-whales in this sellers' market. I'd be patient, this too will pass. Just can't say when.

[Ichiran]

Personally I think bundling is the most transparent way to get the hot piece from the AD. You know exactly what you are paying for and when you will get your watch. Ideally you will also get another not-so-popular watch that you like as part of the bundle for a win-win. Besides, there is an intrinsic value to this bundled watch...

Other AD may put you on a "list" that may not materialize, or until more substantial purchase is required to move you up the "list", completely at the discretion and mercy of the AD.

[turborolex]

Originally Posted by coralfarmer84

I get what you guys are saying with the find another AD. But that also means starting on a new list and years of waiting. I’m not sold on the other pieces, I think the 5205 is a beautiful watch but I don’t see myself ever wearing it based on my lifestyle and casual attire. I was just getting my thoughts on paper I guess. It’s a sellers market and most ADs know they can get more than msrp on these with the right avenues

If you must “package”, why don’t you give your AD a couple of watches you like to source for you in addition to the 5711R and see what happens.

I think it’s only fair to ask for something you like.


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[SW1]

If it was jewelry....a completely different perspective...but a slow moving watch no!!

[cascavel]

If you buy the 15400or with box and papers at 28k and flip it you will lose 10k. Does the 5711R sell for a 10k premium is the secondary market?

[AK797]

Originally Posted by nyc2la

If you want the 5712r, see if you can package that with the 5711/1r.

I wouldn’t package with a watch I don’t want, though, especially if it’s going to take a bath in the secondary market.

This is the best strategy, and the 12R should not be impossible for them to source. And as Jon says below the ones you want will all need relationships so you might as well bundle and build one, esp as you've been waiting 1.5 years already. If this was your only PP then I'd say go grey, but you can't on the 5711 or 12 these outlandish days so you need a friendly AD.

Originally Posted by jon_jon

Building a relationship with an AD goes both ways. If you are only interested in Nautilus and the ones you are interested in are already difficult watches to obtain from an AD, it will be difficult to start a long-term relationship with an AD where it is mutually beneficial. The AD probably has dozens (and maybe hundreds) of potentially "new" customers who just want to buy Nautilus and Aquanaut.

If you have a wider interest in other Patek watches and/or watches from other brands, it will make the AD relationship work out better. If an AD has a Nautilus to sell and have a couple of dozen people interested, how will he allocate this piece? First come first serve? Or someone who will likely come back and buy other Pateks or watches from other brands. How will the AD know if you will flip the watch right after the sale? I know I am being somewhat of a devil's advocate here, but trying to give you a different perspective.

If your interest lies in just a few difficult to find Nautilus, I think it is easier and less stressful buying it pre-owned without the long wait and suspense.

[AK797]

Originally Posted by cascavel

If you buy the 15400or with box and papers at 28k and flip it you will lose 10k. Does the 5711R sell for a 10k premium is the secondary market?

Yes in the UK it is well over 10K but you'd probably have to sell it privately, doubt any reputable greys will pay decent bids now.

[Humble michael]

Only a fool would do such a lousy deal.Just leave your name on the list. Start calling other AD’s and look grey. What an unethical dealer!! Sorry to hear this .

[lord91]

Originally Posted by james272

Only a fool would do such a lousy deal.Just leave your name on the list. Start calling other AD’s and look grey. What an unethical dealer!! Sorry to hear this .

This, or as others have mentioned, ask the dealer for another watch you really want, along with the 5711r.

[~JJ]

Originally Posted by coralfarmer84

I get what you guys are saying with the find another AD. But that also means starting on a new list and years of waiting. I’m not sold on the other pieces, I think the 5205 is a beautiful watch but I don’t see myself ever wearing it based on my lifestyle and casual attire. I was just getting my thoughts on paper I guess. It’s a sellers market and most ADs know they can get more than msrp on these with the right avenues

Doesn’t sound like you are really on their list either... they can get the piece, but want to play games too. Their card has been shown, find an AD with a real list that doesn’t want to roll you.

[Tan]

Wouldn't it just be cheaper to get a 5711r on grey market with premium than buy another watch?

[superdog]

Wish I could be helpful.

I’m not as straight up as the other guys above. I’m fine with a package deal. But I’d have to want both watches. Imho, lots of beautiful pateks that are really good looking, but are readily available. I’d chose one that I’d want to keep.

But either way, it’s a big nut to drop. If you’ve got the loot, I’m all for it. But again, for the watch you want.

[soundserious]

Gosh just buy it on EBay. Save some money.

[galtinuk]

Originally Posted by RHIII

Sorry - I don’t ‘’do’ or subscribe to ‘package’ deals. I think it is a detestable strategy by ANY AD - and I would take my business elsewhere - period.

My .02


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Then do you disagree that the hard to get pieces should go to the best clients?

That is basically the same thing and by doing this they are giving the buyer a way to become a better client.

And the dealer has to do this. Why? Well if they stop giving the hard to get pieces to good clients they will simply be good clients somewhere else...

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[Mr.WorldTimer]

Package deal for a 5711r? This isn’t a 5131 we are talking about... even then package deals suck, but this is bad!