Patek - and overall market

[phib]

Been looking to replace my Daytona I sold 18 months ago.

Quite like the look of a Patek 5119 and been offered one and then subsequently a better offer.

What’s the market for these like ?

Been able over the years to get in and out of Rolex’s but have no experience of Patek’s

Any info useful, thanks in advance

Phib

[NDA]

The Calatrava is a lovely watch and values have fluctuated between £15 and £9k (roughly speaking).

An iconic watch.

[Steve-B]

If you bought a Patek in the late 90s, you're in the ££'s of gains to say the very least! A friend with a 5035 has seen his go from £7K -> IRO £25-£35K depending on who does the valuation as he has all the box/invoice/manual/adjustment tool + service invoices.

Putting their marketing B.S. aside it is an investment

[bennno]

Steve-B said:

If you bought a Patek in the late 90s, you're in the ££'s of gains to say the very least! A friend with a 5035 has seen his go from £7K -> IRO £25-£35K depending on who does the valuation as he has all the box/invoice/manual/adjustment tool + service invoices.

Putting their marketing B.S. aside it is an investment

To be fair my Submariner cost £2100 new in 1999 and its now worth c£9k, youd have done a bit better with 3-4 of them.

[popeyewhite]

IMO the 5119 is a good size for a Calatrava at 36mm, but the hobnailed bezel is an acquired taste. They don't seem quite so overpriced as other Calatrava refs.

[Olivera]

phib said:

Been able over the years to get in and out of Rolex’s but have no experience of Patek’s

Rolex's and Patek's what though?

[Sy1441]

A 5119 is an odd watch to replace a Daytona with. I have both and can't think of many occasions where there would be a crossover when choosing which watch to wear. Oddly the 5119 was the first Patek I ever laid eyes on when I was a pawnbroker, it came in a brown card box and I remember being massively underwhelmed as I was still quite into Breitling & Omega at this point. Nowadays I really appreciate the exceptional yet understated workmanship and it's rare that I wouldn't wear this watch if I was going to a black tie event.

[Tony1963]

Olivera said:

Rolex's and Patek's what though?

Best me to it.


Did everyone agree on Rolexes and Pateks a few years ago?

[Calculator]

I’ve found dealer spreads larger on Patek than Rolex in the past, certainly for the non sports models.

[z4RRSchris]

If you buy SH the i think your just going to be in for the dealer spread when you want to trade out - so a few grand.

These arnt the "trade at overs" hype watches of a few years back, they trade under.

[Raptor7000r]

phib said:

Been looking to replace my Daytona I sold 18 months ago.

Quite like the look of a Patek 5119 and been offered one and then subsequently a better offer.

What’s the market for these like ?

Been able over the years to get in and out of Rolex’s but have no experience of Patek’s

Any info useful, thanks in advance

Phib

Just to provide another option, have you considered the Audemars Piguet Royal Oaks? The 39/41mm steel options are really nice.