15202st now hitting £40K!

[AK797]

I haven't been following this Jumbo model so closely but last time I looked a few months ago these were around £25K, now Chronext have them at near £40k/$50k. Wow AP are right in the hype zone now, must be the fallout from PP and Rolex.

https://www.chronext.co.uk/audemars-...SABEgJ3QvD_BwE

[jumpmandk]

Crazy times..not too long ago many of us thought $40K USD was highway robbery..

[AK797]

Originally Posted by jumpmandk

Crazy times..not too long ago many of us thought $40K USD was highway robbery..

Yup but the PP jumbo is at 70K so this is still relative value, even at near double its retail.

[Burlington]

Really incredible how the prices keep on rising. Will they ever hit a ceiling

[tng11]

The 15202ST still feels like a relative bargain next to the 5711 - it has a lot of the same fundamentals in terms of being hard to get, though there are arguably more substitutes for someone looking to get into the RO, when the 15202ST's target appears to be more of the WIS connoisseur type.

That said, I think £40K is not a real reflection of the market. Again, I apply a healthy dose of skepticism to asking prices in this crazy market. It seems there are a few pre-owned pieces in the US sitting just below $40K USD that haven't sold yet.

I recently reacquired one, and paid well below that figure for a mid-2018. But I definitely paid a lot more over what I sold mine for last year.

[ragsk]

Originally Posted by AK797

I haven't been following this Jumbo model so closely but last time I looked a few months ago these were around £25K, now Chronext have them at near £40k/$50k. Wow AP are right in the hype zone now, must be the fallout from PP and Rolex.

https://www.chronext.co.uk/audemars-...SABEgJ3QvD_BwE

To be fair there are plenty well below that price on Chrono24.

[nsguy]

From my investigation, it looks like these watches are sitting on the market for weeks, if not months, at these prices. It doesn't seem like there's much appetite for them for these high prices.

[AK797]

Originally Posted by ragsk

To be fair there are plenty well below that price on Chrono24.

That's been the refrain for three years straight now, no, this is where the market is going, Chronext and WF are the clear market leaders and they first push for higher prices but the rest of the market seems to always follow soon after, its just a time lag, maybe this could be a ceiling, but I really doubt it without some serious new macro change.

[RHIII]

I’d really love to know the ‘equation’ used to come up with some of these asking prices.....


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[RHIII]

Originally Posted by tng11

The 15202ST still feels like a relative bargain next to the 5711 - it has a lot of the same fundamentals in terms of being hard to get, though there are arguably more substitutes for someone looking to get into the RO, when the 15202ST's target appears to be more of the WIS connoisseur type.

That said, I think £40K is not a real reflection of the market. Again, I apply a healthy dose of skepticism to asking prices in this crazy market. It seems there are a few pre-owned pieces in the US sitting just below $40K USD that haven't sold yet.

I recently reacquired one, and paid well below that figure for a mid-2018. But I definitely paid a lot more over what I sold mine for last year.

100%

The 15202 and 5711 are two favorites of mine — but ( to me) the 15202 embodies the original 5402 Genta design - as to where the 5711 definitely has some tweaks compared to the 3700


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[mspeed76]

you can ask any number you like

[tng11]

Originally Posted by RHIII

100%

The 15202 and 5711 are two favorites of mine — but ( to me) the 15202 embodies the original 5402 Genta design - as to where the 5711 definitely has some tweaks compared to the 3700


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To me, the 15202 easily beats the 5711. There's something magical about the current production 15202 being so true to the original with the same movement, same case proportions, design features and layout. The only difference really comes down to some minor modern improvements. Really speaks to the purity and timelessness of the Genta design close to 50 years later.

However, I think it takes a true WIS to appreciate those features in the 15202. To anyone looking to get into a RO, they have the 15450, 15500, the ROC, all of which are attainable or available secondhand at a discount or slight premium. In the Nautilus lines there just aren't those substitutes these days, though I do remember the days when only the 5711 was the hot watch, while the others sat in display cases *cough*5726 and 5980*cough*.

Hence I'm not sure that the 15202 will reach 5711 levels, but side by side when you compare their features, I think the 15202 even at a premium is the bargain in this case.

[GB-man]

Originally Posted by mspeed76

you can ask any number you like

Exactly. You sure as shit won’t get that over here. Prices in the UK according to watchfinder are always like 25% over what stuff goes for in the rest of the world.

[RHIII]

Originally Posted by tng11

To me, the 15202 easily beats the 5711. There's something magical about the current production 15202 being so true to the original with the same movement, same case proportions, design features and layout. The only difference really comes down to some minor modern improvements. Really speaks to the purity and timelessness of the Genta design close to 50 years later.



However, I think it takes a true WIS to appreciate those features in the 15202. To anyone looking to get into a RO, they have the 15450, 15500, the ROC, all of which are attainable or available secondhand at a discount or slight premium. In the Nautilus lines there just aren't those substitutes these days, though I do remember the days when only the 5711 was the hot watch, while the others sat in display cases *cough*5726 and 5980*cough*.



Hence I'm not sure that the 15202 will reach 5711 levels, but side by side when you compare their features, I think the 15202 even at a premium is the bargain in this case.

I remember the days when my AD couldn’t GIVE an aquanaut away!! (And when there were multiple 5711s available!!!)

Ah the good old days!


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[GB-man]

Originally Posted by RHIII

I remember the days when my AD couldn’t GIVE an aquanaut away!! (And when there were multiple 5711s available!!!)

Ah the good old days!


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Bought my first Patek a 5167a off govberg of all people and they had it in stock and happily offered 10% off

Yeah times have changed

[RHIII]

Originally Posted by GB-man

Bought my first Patek a 5167a off govberg of all people and they had it in stock and happily offered 10% off



Yeah times have changed

Makes me really start to wonder where we’re ‘headed’......


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[tng11]

Originally Posted by GB-man

Exactly. You sure as shit won’t get that over here. Prices in the UK according to watchfinder are always like 25% over what stuff goes for in the rest of the world.

Well, there's that US guy asking $60K for a 15202. Buy buy buy, sure it's selling quickly at that price!

[GB-man]

Originally Posted by tng11

Well, there's that US guy asking $60K for a 15202. Buy buy buy, sure it's selling quickly at that price!

He’s high. All his prices are ridiculous. People here have flat out seen him mark things sold and then he relists a day later for 10k more lol what a bum.

[TooWoundUp]

Both 5711 and the 15202 are expensive but relatively speaking, the 15202 is so much better of a value proposition.

[pepsiretail]

Makes no difference to me, I prefer my 15300.

[Bearxj86]

The 15202 is a strong watch valuation wise, but it always remains a collector's piece rather than a practical piece. Stiff competition from 15400s, 15500, 15300, 14790, 15450 makes it different than the 5711 for upside potential.

My experience with this is that it takes a while to move relative to Rolex and the nautilus.

[cascavel]

Originally Posted by bearxj86

The 15202 is a strong watch valuation wise, but it always remains a collector's piece rather than a practical piece. Stiff competition from 15400s, 15500, 15300, 14790, 15450 makes it different than the 5711 for upside potential.

My experience with this is that it takes a while to move relative to Rolex and the nautilus.

This sums it up perfectly. Throw in the difficulty of dealing with the antiquated movement and the relatively lower cachet of AP to PP and you can explain the discount to the 5711.

[korneevy]

All practical considerations aside (quick set date, power reserve, water resistance, razor sharp angles and softness of SS bracelet), 15202 is the only RO worth spending money on - but as some said, it take a certain level of connoisseur to appreciate the current Jumbo and its timeless properties, despite the anachronisms that make it much less "useful" everyday watch than 5711. Basically, you got to love watches, appreciate what Jumbo represents and be not only content about its limitations, but thrilled with the possibility of dropping ~ $40K on it (which is what they sort of sell for on the grey market). It is not the "it" watch 5711 is, and probably will never be...but given AP only makes ~600 of them per year, and obsesses over allocations to only "special" clients, there is still a headroom for it to move, and the faster route to that will be AP putting up the prices by say 10-15% to catch up for a few years of "no price increases"...I've heard this is on the cards for 2020 but who knows...

[V25V]

Originally Posted by mspeed76

you can ask any number you like

Yup. There are a few sitting in the FS section at or below that price. They aren't moving. And Chrono24 is always inflated.


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[Bearxj86]

Originally Posted by korneevy

All practical considerations aside (quick set date, power reserve, water resistance, razor sharp angles and softness of SS bracelet), 15202 is the only RO worth spending money on - but as some said, it take a certain level of connoisseur to appreciate the current Jumbo and its timeless properties, despite the anachronisms that make it much less "useful" everyday watch than 5711. Basically, you got to love watches, appreciate what Jumbo represents and be not only content about its limitations, but thrilled with the possibility of dropping ~ $40K on it (which is what they sort of sell for on the grey market). It is not the "it" watch 5711 is, and probably will never be...but given AP only makes ~600 of them per year, and obsesses over allocations to only "special" clients, there is still a headroom for it to move, and the faster route to that will be AP putting up the prices by say 10-15% to catch up for a few years of "no price increases"...I've heard this is on the cards for 2020 but who knows...

Don’t agree. $13k for a 14790st is a great deal and value. You get all the hallmarks of a royal oak

[korneevy]

Duplicate post

[korneevy]

Originally Posted by bearxj86

Don’t agree. $13k for a 14790st is a great deal and value. You get all the hallmarks of a royal oak

Suit yourself, really - this is an opinion and everyone has got one (you and me included).

The discussion is/was about asking prices for new 15202, not something that was discontinued a long while back and in any case, 14790 is as close to the “proper original RO” as any of Offshores are - thickness, proportion and size are all off...

[Fat_ninja]

[benlee]

The Jumbo is a classic. Worth 40k or not is really subjective and largely a function of market forces. Yes it does have its idiosyncrasies esp the lack of a quickset date. However, if I am allowed to keep only one AP, its the 15202.

[mav3rick]

still lagging way behind in % terms vs. rolex/patek