LarryFRCGP
193
True story (2nd attempt)
My first post contain hard figures so it was deleted. I had no issues with that
I am re-doing a 2nd attempt to make the point.
I write as a proud-ex-owner of all 3 metals of 5070: 5070J, 5070R and 5070G. Bought them all from an authorised dealer shortly after they came out in Hong Kong at a good discount. In 2007, a major event in my life forced me to sell them all, and I was pleased thay all sold at nearly 2-3 times the price I paid. Having said, I have to live with the regrets of parting with them. Same applied to a 5100J and my dear, dear 5020R.
I think we Patek lovers agree that Patek watches are to keep and not for flipping or profit.
But if you want to guarantee an appreciation of value for your Patek, you have to buy in at cost (preferrably with a sicsount like I did). Anything apart from that, you can hope it will hold the value.
Finally, from s strictly investment viewpoint, Patek has served me excellent in terms of gains, hands down.
Larry
More posts:
Which is more rare... 5070r or 5070j ?
I don't see many yellow gold 5070s for sale compared to the 5070 in rose gold. Was the rose gold version introduced at a later time? Thanks in advance for your input.
here you go
First the 5070 J (yellow) : Made from 1998 untill more or less 2002 Than the 5070 G (white) : Made from 2002 untill 2006 Last came the 5070R (red) : Made between 2004 and 2008 As you can see, all of them were made more or less 4 years and they made about ...
but like the earlier metals....
the 5070P went through a phase of being easy to find and buy. I would say that over the last 6-12 months that has definitely changed. I rarely see the P for sale, and when i do it is with a very firm premium. I have a soft spot for teh RG version, if i am...
Sorry but I fully disagree
Hi, I admit that the produciton years must be somewhat exact, but we have no idea, nor beginning of idea of the produciton runs. Patek Philippe has announced 250 pieces the first year of production of the 5070j but has never committed to that figure later...
Those 250 per year
Those 250 per year were not in the first year of the 5070J but it was said in a Patek magazine where they showed a pic of a 5070G. So it must have been around 2002 I agree that the 250 per year was a fact we got in 2002, so at the end ( 2008 / 2009 ) it c...
Get over 'rare'
Patek's marketing will never allow you to know... buy the watch you like. Ideas such as rarity are 'scams' to put it very bluntly--UNLESS real numbers are given by the manufacturer.
I hear you Mostel...but...
rarity is an issue that is one of a number of factors that contribute to what we like about watches. Do i typically buy watches I like to wear? Always. Are those watches "typically" rare? Usually. I like to buy watches that appeal to me aesthetically....h...
I agree with you, Mostel
Anyone planning to part with 100k+ for a watch has to decide if it's a wise move. That criteria may be styling, exclusiveness, or future value. How many out there do NOT consider future value when making a large purchase? I do not know anyone willing to s...
True story
I write as a proud ex-owner of all three metals of 5070: 5070J, 5070R and then 5070G. Every one got from an authorised dealer shortly after they came out, then with a 20-35% discount over marked price. Yes, that makes on average US$20K-$25K@. In 2007 I so...
Clarify:
I don't mean get over 'rare' as a blanket statement. I own a very rare watch and am thrilled at the thought of just how rare it is--BUT--BUT--BUT--the manufacturer TOLD ME and the world how many were made--so I am not 'supposing' or 'extrapolating' or 'de...
I absolutely share your points, Mostel and Baron. Well said, guys.
Will we buy an ugly watch, just because it is rare? No way! Wel, at least I do hope so. When I fall on a nice watch, I just don't care it is rare or not. I want it! Best, Nicolas.
This is actually a complicated question
Nicolas, remember when I visited Paris that you showed me a very rare JLC military. That was a stunningly rare watch. I mean, extremely rare. Yet, does that in itself mKe me want that watch? In actual fact, it has nothing to do with what drives me to eith...
Ok, let's say it in another way...
Let's take an example: The 5070. If the 5070 has been produced in let's say 100 000 pieces during its life, do you think it will be so sought after? I don't care about its rarity, and to say all, I would have preferred to see it produced in 100 000 pieces...
I don't think we disagree on this...
Never buy a watch JUST because it is rare Is it OK to buy a watch that you love AND is rare? Of course Can rarity be one (amongst many) factor in buying a watch? For me, yes. I agree on teh 5070...i would have preferred there to have been loads more made ...
Why did the mods tolerate this kind of question,
in a highly sophisticated watch forum?
In my experience
The Patek forum has always tolerated more commercial discussion than other brand forums. Let's face it, Patek themselves use commercial factors in their advertising. In that regard it's not as purist as it perhaps is technically. In a commercial sense I t...
I get your point
speculating with watches is something most of us don't like But imo Barka's question was not about value ... I know, the rarest will probably be the most valuable but if he wanted to know some facts, why not give them If somebody wants to know how mane 24...
True story (2nd attempt)
My first post contain hard figures so it was deleted. I had no issues with that I am re-doing a 2nd attempt to make the point. I write as a proud-ex-owner of all 3 metals of 5070: 5070J, 5070R and 5070G. Bought them all from an authorised dealer shortly a...
discussions of rarity
I have always found that discussions of factors like rarity really distance one from the point of purchasing in the first place: seeing a piece and having an attachment to it. I think that long term, it is wisest to purchase a piece that you really like, ...
My response is to everyone, I just didn't know where to put it, but
the fact is that many people, regardless whether they like the piece or not, buy for that reason (rarity) and pursue watches which are hard to find, again for that reason. It just seems that people are dancing around this subject. It's a factor and can be...
Rarity sure is a factor ...
... for me, when deciding whether or not to buy a specific watch, but only when I liked it in the first place. And rarity is very relative. There are watches, which are extremely rare, but I still would not want them. Others, like the 5170 may not be rare...
5235
I think the fact that it's a PP and launched outisde of the fair will ensure it's demand.
