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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
