Patek Philippe Ref 5711 Would reach another new High price in 2019

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Patek Philippe Nautilus 5711/5712 would reach HK$650,000 in the year. 

Ask the average Peron what is the most luxurious watch is and he or she might give you a reply of “Rolex”.

There is another brand making his way into the mainstream because of its record setting and resale price and rising amongst the culture setting of celebrity and influence of certain Hip-hop artists.

That is no question the Patek Philippe…Patek Philippe is religion say some of the international head of auction houses.

Patek Philippe represents the finest watch humankind can make since it was founded in 1839.

The brand has set up itself apart from all others with a unique combination of craftsmanship, function, style and some of the most complicated mechanical watches.

With small volume of watches made that one year Production Volume of Rolex would be more than the total number of all watches Patek Philippe made over their entire 180 years of history.

Within one year the price of Nautilus Ref 5712 Blue was increasing from HK$440,000 to current price of HK$500,000, note that the SRP is just HK$298,740.

What do you think if there is another surge of price in end of 2019, everything goes up must come down, right.

But I think it is reaching a very high price , well, speculator is still looking for another price up whilst Patek only make less the 2,000 such watches a year.

Patek Philippe Produces 50,000 -60,000 watches a year and there are 10-12000 steel watches and most of them are Twenty Fours and there are 441 AD World Wide from Patek.com and here I assuming every AD may get 2 X 5711 and 2X 5712 a year.

That means they produce about 2,000 of 5711/5712 total mix in a year, and may be less than 50% in Blue Dial.

So with this equation on, base on the current buying habit and people spending ability, Hong Kong people will be paying premiums even up to HK$650,000 for a such a watch.

Don’t quote my word as this is purely more estimation and I have long forgotten to think of this two animals already since I got on 5712 at SRP in May 2018 after waiting for 2 weeks, patiently…

I still expanding collection of Patek more on white gold or yellow gold simple watch function, partly due to my financial ability to, and expensive service charges on complicated watches.

Of course that is that is purely my personal habit, if you can afford a 6m Patek and a 4m Lambor, you are not likely the frequent reader of this blog…

HK Snob