5270p - Thoughts Please

[WatchGuy]

I am about to purchase my first Patek and would appreciate input from seasoned collectors.

I left a deposit with my AD for the next 5172g. Recently, my AD offered me the next 5270p instead. The 5270p is my grail watch, so I accepted. I also have right of first refusal for next year’s 5172g.

Buying the 5270p new, I will “lose” roughly 40K immediately. I have not been aggressive in trying to pair the 5270p with an Aquanaut, but have hinted that I hope an Aquanaut is in my future. My AD tells me he has others interested in the 5270p, so I sense my bargaining power is limited.

Is anyone anticipating the 5270p to remain at -20% forever? Is SOME price recovery expected upon discontinuation?

I do not view watches as “investments”. I am not trying to make money. I am simply wondering what seasoned collectors think about the prospects of a 5270p recovery upon discontinuation. I am aware that the 5270 line is not popular and am aware of the general complaints (chin, subdials below equator, 41mm).

Seems like not many people are buying the 5270p from an AD, given the depressed secondary prices. Am I crazy? I am shocked such a beautiful watch is so unloved.

Thanks for your time.

[benzng]

I would pair it with another Nauti or Aquanaut. Both the 5270p AND 5172G can be paired.
5270P with a nautilus and 5172G with aquanaut but have a good relationship with AD. Who knows where the value of a watch will go, so to be safe, I would encourage AD to bundle. if it does not work you can try other ADs

[thanyasr]

In my region, we can bundle 5270 with any aquanuat or nautilus (except 5740). 5270 may not be available right away but the waiting is not long.

[Rolexavidfan]

I think you should try the secondary market for the 5270p instead of getting it from the AD unless the AD can give you a deal with an Aquanaut.


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[Humble michael]

Get the P only if bundled w nautilus or aquanaut. Don’t be fooled, he doesn’t “have other buyers for P when they can be bought for 30 grand less from grays! JMO , james
In San Antonio Tx:- ))

[goog53]

You will get crushed on a 5270P. Do not fall for the I have many interested in this watch BS. These are everywhere and readily available at deep discounts.

[fbx]

Originally Posted by Rolexavidfan

I think you should try the secondary market for the 5270p instead of getting it from the AD unless the AD can give you a deal with an Aquanaut.


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[Acquisition40]

I think that the aftermarket value will improve long-term, as Patek incrementally increases the price of their PCC. In the short term, I think that the 5270P aftermarket value will be contingent on how well-received the next PCC is.

I also don't think Patek will do a production-run salmon dial PCC anytime soon in the future. It has nothing to do with deciding getting from AD vs grey, but I do think it'll help with long-term value retention/growth.

That being said, I like having my name on the paper, and the AD has been good (before and after) to me. But I do think it's more likely than not that the AD can/will get you a cool piece or two, depending on how close you are with them.

Either way, it's a gorgeous and special piece. Good luck!

S

[WatchGuy]

Thanks for the replies, they are appreciated. I asked about pairing a 5164A with the 5270p. I have a good feeling. Awaiting an answer from the AD owner.

If anyone has pics of a 5270p on a 6.75 or 7 inch wrist, I would love to see them. I have not been able to try the 5270p on in person.

Thanks again for your time.

[Acquisition40]

Originally Posted by WatchGuy

Thanks for the replies, they are appreciated. I asked about pairing a 5164A with the 5270p. I have a good feeling. Awaiting an answer from the AD owner.

If anyone has pics of a 5270p on a 6.75 or 7 inch wrist, I would love to see them. I have not been able to try the 5270p on in person.

Thanks again for your time.

That's amazing!

I have a 6.75-7in wrist (depending on the season), and it fits beautifully. I wear it daily.

Here are some pics that'll give you a good idea on size/fit and "variations" on dial color depending on light.

S

[WatchGuy]

Originally Posted by Acquisition40

That's amazing!

I have a 6.75-7in wrist (depending on the season), and it fits beautifully. I wear it daily.

Here are some pics that'll give you a good idea on size/fit and "variations" on dial color depending on light.

S

Just awesome. Looks great on you, which is reassuring for me.

Some people on forums complain that Patek “sold out” by using salmon on anything but a very rare model. The thesis is that Patek is using gimmicks like bigger watches and salmon dials to appeal to a younger crowd. Some say all bets are off and Patek could use salmon again, since they have already broken with tradition. I like to think an independent brand like Patek will protect the brand and use salmon somewhat sparingly.

Another question. Some complain about the subdials below the equator (doesn’t bother me). However, given the in-house movement on the 5270p is brand new, won’t future models also have the same subdials? Surely, Patek won’t scrap its new movement when the 5270p is replaced?

[JR16]

6.75 inch wrist.. hope this helps


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[Acquisition40]

Originally Posted by WatchGuy

Just awesome. Looks great on you, which is reassuring for me.

Some people on forums complain that Patek “sold out” by using salmon on anything but a very rare model. The thesis is that Patek is using gimmicks like bigger watches and salmon dials to appeal to a younger crowd. Some say all bets are off and Patek could use salmon again, since they have already broken with tradition. I like to think an independent brand like Patek will protect the brand and use salmon somewhat sparingly.

Another question. Some complain about the subdials below the equator (doesn’t bother me). However, given the in-house movement on the 5270p is brand new, won’t future models also have the same subdials? Surely, Patek won’t scrap its new movement when the 5270p is replaced?

Thanks! I actually called my AD sight-unseen within minutes it was announced. I had similar concerns about size, how it actually looks in the metal, etc. I had an opportunity to check it out at the Geneva Salon. And it was amazing.

I'm not so sure about it being a "gimmick," and not because Thierry Stern says he's not a fan of gimmicks. I do think that Patek is trying to stay modern with the size increases, similarly to the way they tried to stay modern with the Nautilus in the 70s. They have incrementally increased case sizes over their lineup throughout the decades (36mm for 3970 to 40mm for 5970 to 41mm for 5270), and while I agree that they're trying to appeal to more audiences, they still do it very tastefully. I haven't heard anyone say recently that the 5970 wears large, but I do wonder if people complained it about it back when they jumped from 36mm to 40mm. The 41mm is definitely larger than some other models, and the platinum has a little more heft. But I don't think it's too big (at least for me) by any means.

The 5270P does feel special. The salmon dial is a huge part of it, but there's also the arabic numerals, a nod to the 1518. The rail second and chrono-minute subdials kind of take the design back to the roots, too. In any case, I think the combination really works. And while some of us can only speculate that they won't do this too often, if they sold out, they sold out true to their roots; if they didn't sell out, well, perhaps we won't see another salmon dial piece for a while. The dial feels wonderfully balanced, and it's very legible, as well. It's super under the radar because the dial isn't sunburst or light-colored, nor does it reflect light (more so "collects" light).

I think they'll stick to the current movement (so similar dial layout), since it's relatively new by Patek standards—perhaps, at least for one more iteration of the PCC?. I wonder, though, if the next PCC will be a 42mm...

Congratulations—super excited for you. It's an amazing watch!

S

[santiago]

Hard to predict the future value of the watch, or any for that matter. I know the feeling as you contemplate making the purchase; a 5270P is not inexpensive. Investment prediction: down in the short run and maybe up in the long run but who cares.

I have one, amongst other Patek's, including other complications. Nothing else like the 5270P. People lust after the 5711, but I think largely because it's unobtainable. I have that watch as well. No comparison.

Buy would you like, that's what collecting is about. Forum members provide us an international group of friends to seek advice, but in the end it's you and the watch.

[vandyologist]

6.5” wrist and I love the way it wears.

[azizu]

I absolutly love the 5270, and i believe once its discountinued (and that might not be too far in the future since they introduced the yellow gold last year and it completes all metals on it). people interest in certain refrences pick up all of a sudden without any heads up and for no appearant reason.
everyone loved the 5970 and that was advertised on Hodinkee etc. but the 3970 wasn't very popular and until very recently you could find reasonably priced ones on chrono24. well not anymore, mysteriously interest in the 3970 started picking up and people are today sighting some old article in Hodinkee published in 2018 about why people should be interested in the 3970 etc.
interest in the 3970 happened so quick and i won't be surprised if the same happened with the 5270 once it get discountinued