Patek Philippe - the basics of building a great collection

Roma,
I have to say I truly appreciate your posts and agree with you completely.
I would love to have the opportunity to meet you someday, if you ever travel to Boston.


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I have this watch. To spice it up- go to www.camillefournet.com. They make the straps for Patek and you can order as many custom straps as you want. 300-500 bucks each depending on material. You will need to order 21mm at the lug and 18mm at the buckle. I have 8 different colored straps for this watch now.

originally I ordered 4 patek gold deployant straps at $5000 each but now I just get the $30 gold buckle and call it a day.

swapping straps is a 30 second exercise but it makes it a ton of fun: I have a bunch of straps for my other Pateks as well so it keeps things fresh.

congrats on a gorgeous piece.

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Roma, I like the explanation.

Edward, I'm worse - I like vintage cars and vintage watches. Roma is discussing a Patek minute repeater, I'm enjoying mine. That said, I bought it used - I'm it's third owner. It still chimes 12:59 when I pull it at 12:59 but I don't think it gets done chiming until its 1:00... :^)

I also like the old stuff more because it was made old school - no CNC - just really skilled artisan watchmakers. My grail watches would probably make most on here go 'huh?'

For example, to me owning, or even holding a watch made by I.K. Brunel while under the apprenticeship of A.L. Breguet; having the master looking over his shoulder to make sure his apprentice did it right is much more interesting than anything produced now, even the super complications.

Another would be a watch by F. Czapek - depending on your interpretation, the man who could be considered Patek Philippe's first watchmaker - what's funny is this purchase would probably be less costly than most of the watches posted here.

None of these are practical, but neither is a Ferrari (new or old). If you want practical, get a new Tesla, a used Toyota, an Apple watch, a Timex or a Casio.

Regards,

Art S.

 

when I got my 5270, I actually sold my platinum 5905 and got the steel. It’s a great piece. Congrats.

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You guys are just sick......
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Gorgeous!

 

I'll be honest- of all the watches out there from all the companies- I think for a casual daily wear- this white gold blue colored 5968 is probably the best out there. Congrats on a gorgeous piece

 

No, I am indeed a lesser person…..get reminded of that quite often.

I love the cars you guys drive, the watches you wear, and the Instagram models you date.

 

Really like the style and colors of these straps…..I guess you would have to pick out watch face colors with this in mind.

 

Even Rocky flips….lol.

https://robbreport.com/style/watch-collector/patek-philippe-sylvester-stallone-flipped-grand-master-chime-1235643459/

Patek Philippe Is Not Happy Sylvester Stallone Flipped That $5.4 Million Grand Master Chime
Sly selling his watch after a few years of ownership seems to have angered Thierry Stern and the collecting community.
By Allen Farmelo Modified on June 8, 2024
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Sylvester Stallone flipped his sealed Patek Philippe Grand Master Chime at Sotheby’s for $5.4 million, and Patek Philippe’s president isn’t happy about it.

It’s well understood that if a brand like Rolex or Patek Philippe learns you’ve sold a hot watch you bought at retail, then you’re most likely not going to get an opportunity to buy from that brand again. Savvy flippers try to hide their taboo behavior, but Sylvester Stallone flipped his Grand Master Chime in one of the best publicized auctions of the spring season—literally making headlines.

WatchPro speculates that the sale could have earned the actor as much as $2 million, this after just a few years of ownership. However, among serious watch collectors the gripe isn’t so much about the money earned as granting rare access to those who don’t experience the watch as connoisseurs. With 20 complications and requiring a reported 100,000 hours of work to create, a Grand Master Chime is very rarely sold. As Patek’s President, Thierry Stern, told WatchPro recently regarding Stallone’s sale, “It’s not fair for a client that may have been waiting for the piece for many years and then sees it being sold.”
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Sotheby’snormal
Stallone’s choice to keep the watch in its packaging can be seen as classic flipper behavior. Most flippers keep the watches in their original packaging, never wear them, and effectively sell these hard-to-get watches as new. Patek Philippe watches ship to dealers in a sealed plastic pouch, and examples still in that sealed pouch typically sell for more than those without it. Stallone never broke the seal on his Grand Master Chime. As an experienced collector, he certainly understood the value of an unbroken pouch.

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Stallone’s Ref. 6300 is housed in the original plastic seal. Sotheby’snormal
We visited with Stallone’s watch at Sotheby’s ahead of the sale, and it was nearly impossible to appreciate the Grand Master Chime through the plastic packaging—let alone to see and hear it perform its special magic. It seemed as if the packaging was the bigger story about this timepiece, which became the most expensive modern watch ever sold at Sotheby’s after a heated and extended bidding war.

Patek’s president, Thierry Stern, went on to explain to WatchPro that, “I do get emails complaining that I have sold a watch to this person or that person, who is then selling it.” According to WatchPro, “Patek Philippe’s retail partners have also come under fire for the suspicion that Hollywood celebrities receive preferential access to the hottest watches.”

Stern wasn’t definitive about whether Stallone was cut off from retail purchases or not, but it seems Rocky may have dealt himself a hard blow in the fight for hot Pateks.

 

He will never get another Patek- probably doesn't care. But what is going to get the dealer in trouble is not removing the watch from the plastic wrapping. For the past 5-6 years - ive never been able to keep the brown box or the watch in plastic. In fact they make a ritual out of cutting the plastic. Because Sly had his watch in the plastic bag- that dealer is going to be in trouble. They are not allowed to do that. Patek has cut so many dealers, wouldn't be surprised if this was the trigger to remove another- no matter how big of a dealership they are.

 

Yup, never seen the plastic not cut before walking out. IMO, Stallone's AD was already cut off before the watch went to auction, because if that AD is getting these type of allocations that means they move a great deal of PP and hard to believe they would jeopardize their relationship for one client, no matter who it is. I've always thought/suspected these pieces were available through the boutiques only, but....

 

I've not ventured into PP, however I am fully satisfied with my Rolex purchases and would like to start laying groundwork to move into the next phase. I'm picking up another Daytona Oysterflex tomorrow at my AD who also carries Patek. Obviously the conversation starts by having the conversation. I'd love to start with a basic 5167A - will plant the see tomorrow! Will I see one this decade? Ha!

 

The 5167A is typically a challenge due to it's popularity. You may have better luck at your AD with your history.

 

Not my thing, nor would I buy without a PPI, for those that like things that go ding on your wrist, here's your chance:

https://www.invaluable.com/auction-lot/patek-philippe-incredibly-rare-very-fine-and-limi-186-c-66b430fb13?objectID=192261311&algIndex=upcoming_lots_prod&queryID=e026b69b0a5051f3e1bd56b6917520bb

 

Basics of building a great collection = relationship + spent history
Kind of late but my 2 cents



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1. Didn't notice that it was 33 mm - fair point for today's tastes - buy now before tastes change and you have an 'investment'... :^)

2. As horology, the 33 mm is more impressive - same function but in a smaller package. That said, it doesn't match today's tastes. (my PP minute repeating pocket watch is even cheaper!). Send it back to PP for an 'updated' case... :^)

That's why I like pocket watches, I'm a century away from modern fashion trends!

Regards,

Art S.

 

Anyone else see this making the rounds the last few days?

The Cubitus, I thinks its fake but...
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It's real.....supposed to announce soon....

 

If so, Patek just basically copied the Glashutte Original Panorama date, not saying that's a bad thing just expected more originality from PP. I guess we'll have to wait for the details.

 

I'm not enamored with the watch. My Patek AD showed me the watch yesterday but I'm line for the next 5980/60G he receives.
Although it's a different watch with a darker blue dial I've been seeing the 5712 with a denim strap.