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Bruno.M1's thought-provoking post challenges the traditional metrics of value in luxury watch collecting, using the Patek Philippe Ref. 5711/1A, F.P. Journe Chronomètre Bleu, and Élégante as prime examples. He astutely observes a shift in collector priorities, where iconic design and personal preference now often outweigh horological complications and finishing. His comparison to the art market, juxtaposing a Rubens with a Rothko, provides a compelling framework for understanding this evolving landscape.
Seems we still want grande complications if we talk about 6 figures or if it's not a grande complication, at least if must be out the hands of Voutilainen, Dufour, Smith, ...
The F.P. Journe Élégante represents the brand's entry into electro-mechanical timekeeping, distinguished by its hybrid movement technology within the Élégante series. This reference marks a departure from traditional mechanical movements in the F.P. Journe collection.
The 40mm titanium case houses the caliber 1210 electro-mechanical movement, paired with a silver dial and fixed bezel. Construction features include sapphire crystal and a rubber strap, with water resistance rated to 30 meters. The titanium case material provides a lightweight alternative to traditional precious metal constructions.
This reference appeals to collectors interested in F.P. Journe's exploration of alternative movement technologies beyond purely mechanical calibers. The electro-mechanical movement and titanium construction position this piece as a distinct offering within the brand's portfolio, catering to those seeking contemporary technical approaches in independent watchmaking. Production commenced in 2014.
Indeed when it comes to Art, it all depends on buyer and of course, their pockets. The $120K duct-taped banana in Miami Basel is how crazy we’re in today….just too much liquidity.
It provokes the deep thoughts about the state of watch collecting today. On my usual rounds shopping in the city, I see "consolidators" in boutiques, buying up huge portions of inventory. They are not even buying it for themselves, but rather, to re-sell on the secondary market. One sees the same familiar faces all the time. I see algorithms in buying a Birkin. Apparently it is not about buying bag after bag of entry level Hermes bags to entitle one to buy a Birkin. Rather the algorithm seems to
Both of those paintings will have no real cost to the purchasers because they will only go up in value. Could the same be said for the 5711 and, say, a 5270? I think it’s becoming more likely the values of both will be pretty firm in the future. The 5711 has reached an iconic status and its always going to be in high demand despite the fact that it’s a simple watch. So, if one likes it and they believe it will not depreciate why not choose it over a high complication at a similar price.
If the watch in question is a piece unique or very low quantity i can see why someone is willing to pay a bit more if he really wants it or thinks its something he Needs to have it . I guess i am old fashion too
to live life to the fullest. I'd rather travel the world, than spend on a 5711 today. Maybe with that amount of funds for a 5711, one would find more joy roaming all the ADs in Rome or London, soaking up 5-6 good pieces over a weeks holiday, and with the remainder, perhaps drink a few old Petrus or Gaia wines, and make a few bespoke suits from Saville Row....that would be a more fun experience don't you think? An arm-candy with you all the time, of course...and a few bags for the arm-candy
There are definitely new collectors creating new trends. I took a quick look at Rolex professional LNIB resale prices and can’t believe this significant a bubble along with the models you mentioned can sustain itself. Where I live there is also a significant real estate bubble fuelled by inflation, but low interest rates. Also stock price multiples are high. I think a lot of things are mispriced or don’t seem to make a lot of economic sense right now. I see interest rate increases and price corr
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