Patek Philippe

I'm not following the comments in these posts.  What do you people really like about Patek - the quality or the appreciation? 

If you think of it like a car, it starts depreciating the moment you drive it off the lot.  If you don't like that, don't buy a new car.  Plain and simple.

he new in-house movement is beautiful - certainly finished to the highest level.  So, now we are faulting the movement because it is in-house and therefore can be made in high quantity?  Styling and design - that's a different questions.  But I never knew I would see the day when an in-house movement was a negative attribute of a watch.

I think some of the posters here need to re-evaluate.  Are you watch lovers or investors?

movement is much better, its impossible not to notice it when you wind it, and toy around with chrono.

Nt

I wonder if some forget what Patek stands for: tradition.

for I have never seen Goldman Sucks but it is sooooo delicious, Goldman Sucksssssss! You're right

nt

you understood or at least read the features & benefits of the "new" movements?

If we talk about beauty only, no need for further discussions. Beauty is in the eye of the beholder.
If we talk about investment only, this is the WRONG place. Talk to your banker ...

Sorry, I am just wondering.

Oliver

No message body

The Panerai in-house movement vs. ETA-based movement. But there are merits on each movement. We live in a free market and everything happens for a reason. This message has been edited by Greenwatch on 2012-12-22 03:36:31

because at least in one case a (so called) in-house movement from Panerai, comes in fact from Piaget.
I liked the new watch a lot and was close to buy my first Panerai, until I saw the movement in detail.
Panerai was so proud about there novelty ... Nothing is wrong with a movement from Piaget, because some of them are gorgeous -
if you are in the market for a very slim watch. The latter doesn´t fit to a "sporty/casual" Panerai.
On top I hate to be deluded.

Do you think Patek would ever try to sell you an in-house movement, which isn´t? Never ever!

Cheers,
Oliver

watch is the same, even if some are selling at lower. The real question is, do you love it or not? You talk about batches being produced, its not new, as always, Patek throw them at the market, its available in several place, sometimes at a discount. Then after a while, if you look for one, you won't find it, or if you do, its a list plus a premium.

In fact  the issue here is that i like a brand protecting it's customers and i was used to have this image from Patek the rarity was a part of the beauty 

... which is fine, but you get punished sometimes, again, you didn't loose until you intend to sell. Now you will have to count on something else, time might help you, and patience.

If you do not love the watch for its own sake... well, you know the rest.

This message has been edited by Mostel on 2012-12-21 13:07:57

Well let me say, as a person that owns a couple 5070's and a couple 5970's as well as the 5270...I could not be happier with this watch.  The size, and I have a small wrist, is really nice, the legibility is awesome(I still have a tough time with the day and month), but the red 4 for the leap year is a very nice touch.  Now the question is, who wouldn't want it for less than Patek sells it for...everyone.  But as we all know that is not going to happen.  The watch sits on the wrist just perfectly for me and that coupled with my comments above make it something that I enjoy wearing. I rotate this  with my 5970G and thoroughly enjoy both.  Patek is not for everyone, which I knew when I bought my 3119 many years ago...but that is why I liked it. Some of my friends like my watches and some don't...but that is ok, because I like my watches and in the end that is what really matters.

but at the same time the drop in value on the secondary market has been equally amazing, not something Patek collectors have been accustomed to.

I agree 100%, even if it would not be my first choice from the current collection. Reason? Personal preferences, only.

See you soon

Oliver

.

You have to admit can be a bit aggravating to see a unexpected downturn play out, for whatever the reason. It's human nature.

That being said,  I personally am not sure the value of 5270 (a watch I like and appreciate) ever held up to begin with to ever be worth MORE than, say, a 5970P (a timepiece I happen to own and LOVE).

I do like the new in-house movement but I also think it was a bit pricey WHEN compared to it's Lemania bretheren. I feel these thoughts are parallel to my feelings of a 5170 compared to the 5070 (i own 5070).

I realize these are just MY opinions, but I am discouraged by some of the new model pricing decisions when I COMPARE them to other recent models.

Of course, you have to LOVE and ENJOY what you buy. But value, no matter what anyone says, plays some small part in enjoying any collection to the fullest. And, everyone has bought a loser (including me) when blinded/guided by the "got to have it" syndrome/itch.

Just my two cents.....

This message has been edited by sjc on 2012-12-22 07:12:10

In general we all have to pay the same price, but the value of something depends on us. Our knowledge, our preferences, our experiences, our taste, our ... .
The personal value should be the driver for our purchases, nothing else.

I see lots of improvements in the current collection, especially when I look to their in-house movements. Not all of them are that important to me, but that´s me - only.

For example: I like and appreciate the new chronograph movements in general, but prefer the manual ones. The 5170 is superb and the full "package" (style, feeling on my wrist ...)
is for me superior to any 5070. 5970 (with black dial!) vs 5270 - easy decision, because of style I would go for the old one. If there is a black dial version of the 5270 in the future ... - who knows
So far I didn´t purchase any of them. One reason is, that it would be even harder to save the money for something I really love - the 5950 ... Will I ever reach that goal? Who knows, but at least
my decisions are based on my own values. One is for sure, I can´t get them all and even this is fine for me!

Today I think a lot of people know the price of everything, but what do they know about the value of something? Just a thought!

Oliver

I bought my 5270G late November 2011 at full msrp. I love it and if I was offered a return for full money I wouldn't take it! 

My 5970P has been very lonely since the 5270G arrived.

And i will add to your ending that so many people will link value of things to the price. Some great things that seems cheap do not get the recognition deserved just because its low priced

sure, but historically this is type of thing has happened time and time again. The 5960 and 5980 references come to mind. We all were amazed at the folks who were paying list + just to get it. The enameled world time probably represents the most current "got to have it" craze with folks asking and I'm sure some paying list ++ prices.

Remember, you're the one who wanted to buy at the time. Now, there are fewer wanting to buy, making the dealers wanting (and having) to sell.

" Good judgement comes from experience, and a lot of that comes from bad judgement."

 

the 5070 and 5970 were an exception, not the rule

The 5070 probably because of several reasons

- a big size for a Patek an the  market demands bigger watches. Not always 48 mm but 42 is a perfect size for everybody. Those who prefer smaller will say the 5070 is big but just accepatable, those who prefer big pieces will say the same not big but acceptable.

 - It was so long ago Patek offered a classic chrono

- it's just a gorgeous piece

- that Lemania movement was very well finished and pretty rare

 

but go bacj to  1997, befaore these 2 ... I was just readin a German magazine ' Uhren' and saw some watches for sale. The 3970 its listprice was 125.000 DEM  ( 56K euro) , you found them second hand for 85.000 DEM ( 38K euro), so a 30 till 35 discount .... just like the 5270 today.

Almost EVERY Patek drops  30 till 35 %, like said .... the 5070 and 5970 were an exception