offshore Posted May 12, 2010 Report Share Posted May 12, 2010 Noticed this in todays news. http://www.smh.com.au/executive-style/luxury/gold-watch-sells-for-record-631-million-20100512-uvyf.html Not unprecedented that a PP would be valued at these sorts of numbers. Would hope the museum has adequate security Offshore Quote Link to comment Share on other sites More sharing options...
slickdick Posted May 12, 2010 Report Share Posted May 12, 2010 Well, its a nice patek, but for the money i'd rather have this http://marina.fortunecity.com/westindia/59/ppc89.htm Quote Link to comment Share on other sites More sharing options...
vafarmer70 Posted May 12, 2010 Report Share Posted May 12, 2010 Holy Crap!!! Its a WATCH!!!! That is just nuts Quote Link to comment Share on other sites More sharing options...
KB Posted May 13, 2010 Report Share Posted May 13, 2010 Gives a whole new meaning to scratching your crystal. Oops there goes $100K Ken Quote Link to comment Share on other sites More sharing options...
offshore Posted May 13, 2010 Author Report Share Posted May 13, 2010 Gives a whole new meaning to scratching your crystal. Oops there goes $100K Ken It's probably an acrylic!!!!! Quote Link to comment Share on other sites More sharing options...
narikaa Posted May 13, 2010 Report Share Posted May 13, 2010 Its all a matter of relativity As a very wealthy friend of mine succinctly put it when talking about a certain range of watches costing Quote Link to comment Share on other sites More sharing options...
plaifender Posted May 13, 2010 Report Share Posted May 13, 2010 Its all a matter of relativity As a very wealthy friend of mine succinctly put it when talking about a certain range of watches costing Quote Link to comment Share on other sites More sharing options...
TeeJay Posted May 13, 2010 Report Share Posted May 13, 2010 I have to admit, it does absolutely nothing for me... If that's the kind of movement which has day/date/24 hours on the subdials, as well as the moonphase, I've seen very similar budget movements installed in much cheaper Daytona reps... To me, that watch just represents an utter waste of money, and the power of branding over value... Quote Link to comment Share on other sites More sharing options...
cornerstone Posted May 13, 2010 Report Share Posted May 13, 2010 6 mil seems a bit steep. I wouldn't have paid a cent over 5 mil for it (PS I reckon Corgi bought it. ) Quote Link to comment Share on other sites More sharing options...
ubiquitous Posted May 13, 2010 Report Share Posted May 13, 2010 A couple things to keep in mind on this one... 1) There aren't many Patek 2499's around, so a piece in this condition is a rarity in and of itself. 2) It's a Patek. 3) It was purchased by a private museum. I am not sure what the term 'museum' alludes to, but I would think an institute of some sort vs. a private individual collector. Patek Philippe themselves have been known to outbid many private collectors for pieces to keep in their own museum; the act of which has gone into question by many as they are essentially driving the values of their own brand via their heritage. It could very well be Patek behind the 'private' museum party, though I think it would be fairly obvious if they actually end up displaying that watch. Or perhaps they would simply store it in a safe, hence taking a rare piece out of circulation and boosting their own value in the process. All speculation on my part, nothing more... And to be honest, I think Patek would be the type to not hide or try to disguise such things (they probably wouldn't even care about such matters). As a by the by... There is an 18k gold replica/reproduction out there if anyone's interested. The last time I asked for a price (a couple years back), I was quoted $17k US; it's probably gone up a bit with the current spot price of gold having risen over $1200/oz ($1k US/oz at the time if I recall correct). Steep, especially for a replica, and no matter what gen values are in comparison it's still a rep... Quote Link to comment Share on other sites More sharing options...
vafarmer70 Posted May 13, 2010 Report Share Posted May 13, 2010 That is one way to definitely keep the value up. Quote Link to comment Share on other sites More sharing options...
ubiquitous Posted May 13, 2010 Report Share Posted May 13, 2010 Yeah... No ulterior motives there! [/tongue in cheek] Quote Link to comment Share on other sites More sharing options...
vafarmer70 Posted May 13, 2010 Report Share Posted May 13, 2010 Yeah... No ulterior motives there! [/tongue in cheek] Quote Link to comment Share on other sites More sharing options...
maxman Posted May 14, 2010 Report Share Posted May 14, 2010 Well I have heard It all In this thread, a seven million dollar Patek and a $17,000 rep of It. You got to be fckn kidding me. To be called out on a rep that i payed $17.000 for, fook dat Quote Link to comment Share on other sites More sharing options...
narikaa Posted May 14, 2010 Report Share Posted May 14, 2010 You might, others wont Its all relative to your wealth and POV Some spend hours in anguish over their rep Sub, bought at what 4% of the price of a gen, bringing their world crashing about their ears if spotted as a rep. Why shouldn't someone swimming in a different pond pay far less a %age for the aforementioned gold rep by way of a small whimsy. Quote Link to comment Share on other sites More sharing options...
maxman Posted May 14, 2010 Report Share Posted May 14, 2010 All kidding aside. No one Is going to casually wear a 17 million dollar Timepiece, no one. It's like hanging a Van gogh orig at the neighborhood Micky D's, not going to happen. Van Gogh's and 17 million dollar watches are usally found In museums,(or wealthy collectors) not on someones wrist or wall, reguardless of relativity. As far as the rep go's, sure why not? Quote Link to comment Share on other sites More sharing options...
narikaa Posted May 14, 2010 Report Share Posted May 14, 2010 Possibly so - but this one is a mere $6.3M . Quote Link to comment Share on other sites More sharing options...
TeeJay Posted May 14, 2010 Report Share Posted May 14, 2010 Not quite on topic, but still on the theme, there was a show on TV last night about fraudulent auctions using 'phantom branded' Chinese watches, and showing punters glossy catalogues (which they produce themselves) to get a good price for them. One of the watches, was essentially a modern Daytona on a white strap, with the Day/Date/24 subdials, which the show's expert valued at about Quote Link to comment Share on other sites More sharing options...
Watchmeister Posted May 14, 2010 Report Share Posted May 14, 2010 Well I have heard It all In this thread, a seven million dollar Patek and a $17,000 rep of It. You got to be fckn kidding me. To be called out on a rep that i payed $17.000 for, fook dat Actually it isn't a rep. It is correct movement and dial with handmade everything else including case carved out of block of gold. Think of it as the ultimate franken. You will never get called out but it ain't $17k - think more like $30-50k. I have seen one and the owner actually has a fairly extensive Patek collection but never wears the gens other than to appropriate occasions. He wears that instead. So I guess it is all relative. Quote Link to comment Share on other sites More sharing options...
ubiquitous Posted May 14, 2010 Report Share Posted May 14, 2010 The one I inquired on was $17k... At the time addingwatch has this one, I believe... Though I think the price has increased, I don't think it's gone up to $30k (at least, not this specific one). But I'm pretty sure I know which one you're referencing on the hand made one... And if it is... Then I would agree. It would probably never get called out. Quote Link to comment Share on other sites More sharing options...
TeeJay Posted May 14, 2010 Report Share Posted May 14, 2010 The one I inquired on was $17k... At the time addingwatch has this one, I believe... Though I think the price has increased, I don't think it's gone up to $30k (at least, not this specific one). But I'm pretty sure I know which one you're referencing on the hand made one... And if it is... Then I would agree. It would probably never get called out. Of course it would never get called out... It doesn't say 'Rolex' on the dial Quote Link to comment Share on other sites More sharing options...
Watchmeister Posted May 14, 2010 Report Share Posted May 14, 2010 Very nice. The one I saw looks more like the 6 million dollar man. Quote Link to comment Share on other sites More sharing options...
vafarmer70 Posted May 14, 2010 Report Share Posted May 14, 2010 Of course it would never get called out... It doesn't say 'Rolex' on the dial Quote Link to comment Share on other sites More sharing options...
maxman Posted May 14, 2010 Report Share Posted May 14, 2010 Possibly so - but this one is a mere $6.3M . Only 6.3 mil, dam now thats a steal of deal. I'll take two thank you Quote Link to comment Share on other sites More sharing options...
maxman Posted May 14, 2010 Report Share Posted May 14, 2010 Actually it isn't a rep. It is correct movement and dial with handmade everything else including case carved out of block of gold. Think of it as the ultimate franken. You will never get called out but it ain't $17k - think more like $30-50k. I have seen one and the owner actually has a fairly extensive Patek collection but never wears the gens other than to appropriate occasions. He wears that instead. So I guess it is all relative. WOW a $30-40 K rep, Im sure It's beautiful, no kidding. I love some of my $300 reps so I can just Imagine what this thing Is like. I really dont need much convincing anyway. If givin a choice I usally go with the rep I do relize that this Is a replication(franken) of the highest order. One question? Mineral or saphire? Quote Link to comment Share on other sites More sharing options...
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