Guidance on a 5711 purchase
I’ve been wanting to add a 5711 to my collection for quite some time, specifically the transitional -001 reference with Geneva seal. I just had a big milestone with my business so I’m thinking of adding one now. I found one for sale through a dealer I’ve ...
I bought my 5712 on the gray market.
I specifically looked for a reference that was unpolished, full set, and fairly recent. If the price difference was big, I would have considered one with an extract from the archives or service papers.
It’s a meaningful difference.
This specific one is about a 20% discount verses others I’ve seen with a Certificate of Origin.
Personally I wouldn’t buy a watch with a 6 figure price tag without papers or extract.
But 20% is a lot at this price point.
I don’t think so.
However, who knows. I have ADD with watches. I also rarely sell them, so my collection has grown out of control. I’m about to start selling off pieces I never thought I’d sell because my tastes have changed. With that said, the 5711 is timeless. My plan i...
+1....save the money and bank the $20K in an index fund....likely will be worth multiples eventually
So no Certificate of Origin saves $20K times X...pretty compelling, actually
Congratulations on your business milestone!💪👍
IMO, price aside, you should ask for an archive to ensure authenticity of the watch, especially it is a piece to celebrate your milestone. Best of luck and let us know the decision.
Thanks for the info.
Is a gray dealer able to request an archive? What does requesting an archive entail?
Request that you will only
do the deal with an archive. Put the pressure on the dealer and see what happens.
Given collectability seems to be important to you I'd want the Certificate of Origin and would not compromise there ...
The presence of the other items that came with the watch doesn't help me much when the one key irreplaceable item is missing. It's a modern Patek and I like to buy modern Pateks with Certificate if those are readily available. In contrast I could not care...
This is great info.
The one I’m looking at is the Geneva seal 324 movement. As for dials, I kind of like the idea of the grey/blue of this generation. However, I’ve never seen a 5711 of any type in person, so that could change once I see one. I should probably watch more vid...
I have no stake in this and no intel but
I would like to applaud everyone for their contributions. This thread is a prime example in my opinion of what this forum has to offer. And I wish the OP the best possible catch. Cheers Marc
The advice on the street is : buy the best you can afford
I always regret later if I compromise. If you can afford one that is full set , not polished then do that . And it you a very careful wearer, I am , then it is the only way to go. My 2 cents. It is a very beautiful watch, although very hyped, but who care...