Asking price for a 15500st blue approaching 100k?

[EdwardC]

This is madness




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[Basic_Satisfaction]

It's an excellent watch that has been horribly undervalued when compared to the Jumbo and 5711.

[Willyjo]

Originally Posted by EdwardC

This is madness




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Where is this data from?

Thanks

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[EdwardC]

This is Chrono24

[huncho]

it sort of makes sense. AP produce a good amount less than patek and the 5711 has been over 100 for a while along with the jumbo. this is the next best thing

[7sins]

Maybe it is just me but I would take a 15202 EVERY AND ANY DAY over a 15500 especially now at similar aftermarket prices. No contest in my book.

[EdwardC]

Originally Posted by 7sins

Maybe it is just me but I would take a 15202 EVERY AND ANY DAY over a 15500 especially now at similar aftermarket prices. No contest in my book.

If a 15202 has the second hand, that will be perfect. I prefer he 15450 for that reason

[macrowatch]

I feel left out in the size ala carte menu! 37mm way too small. 39mm just a hair too small. 41 just a hair too big. Where's my piece unique at 40mm with a second hand?

Separately, I thought the Ed Sheeran interview was so interesting because he expressed so eloquently what watches have morphed into since 2018. Yes partly investments, but more so as signifiers of status. And when that's the need of the majority of new buyers, well, I think we're only talking about a handful of watches that will satisfy the need right? RM, Nautilus, maybe Aqua, Daytona, and Blue RO.

Also, I don't know about anyone else, but I actually have yet to see a blue RO or jumbo in the wild. Lots of Nautilus, lots of Daytona, but I actually kind of like that I haven't bumped into another blue RO. Literally the only one I've seen was on the wrist of senior management of AP.

Thank goodness at least our gripes in this corner of TRF are only about do we like Black Panther rather than having the gnaw off our own arm trying to get t-stamps.

[Fenrira]

Originally Posted by huncho

it sort of makes sense. AP produce a good amount less than patek and the 5711 has been over 100 for a while along with the jumbo. this is the next best thing

AP does produce fewer pieces from Patek but let’s remember that Patek has a far more diversified line-up.

[VogelPhoenix]

Originally Posted by Fenrira

AP does produce fewer pieces from Patek but let’s remember that Patek has a far more diversified line-up.

Defined how? AP lists 215 "models" on their website vs 155 from PP. I don't know if it's obvious that there are more of a specific 15500ST variant in circulation than 5711s.

[GreenLantern]

I mean, why not ask for the moon these days?

It's all the same, anyway. None of it makes sense anymore.

[HMHM]

Originally Posted by Fenrira

AP does produce fewer pieces from Patek but let’s remember that Patek has a far more diversified line-up.

Patek may have a more diverse line-up. I agree with that. However, the RO is really really top notch! And between a RO double balance wheel openworked or QP ceramic against a 5740G, I would pick the ROs every single day! No doubt!

[GreenLantern]

You're all still talking about the merits of the watch against the list prices on Chrono24 or grey market dealers.

It's no longer about the merits of the watch. It hasn't been for at least a year now.

The prices are based on speculation, hoarding, and promoting watches as an inflation-resistant investment.

[DonLee]

it certainly will after the 15500st discontinues soon.

[mspeed76]

is anyone actually paying that much? i have my doubts

[911AP]

So if the 15202 and 15500 blue dial are almost the same price what does that say about the 15202? Either the 15202 is undervalued or the 15500 is overvalued and gonna crash back down.

[911AP]

Originally Posted by EdwardC

If a 15202 has the second hand, that will be perfect. I prefer he 15450 for that reason

How can you compare the 15450 to a 15202? That's like people comparing the 15202 to a 15500. It's completely different. 37mm is too small the same way 41mm is too big. That's why 39mm is perfect. Not to mention the thinness of the watch is IMO the real value of that watch. The only proper comparison to a 15202 is the 15300.

[huncho]

Originally Posted by 911AP

So if the 15202 and 15500 blue dial are almost the same price what does that say about the 15202? Either the 15202 is undervalued or the 15500 is overvalued and gonna crash back down.

with them being equal i think it's crazy but the 15202 might be undervalued lol. still much more rare and aesthetically the best proportions of any RO + it's got the most RO dna

[VogelPhoenix]

Originally Posted by huncho

with them being equal i think it's crazy but the 15202 might be undervalued lol. still much more rare and aesthetically the best proportions of any RO + it's got the most RO dna

Is it really, with the much longer production run? There's twice as many on C24 vs the 15500ST blue. Also seems like last year saw more 15202 incomings on TRF than blue 15500s.

[huncho]

Originally Posted by VogelPhoenix

Is it really, with the much longer production run? There's twice as many on C24 vs the 15500ST blue. Also seems like last year saw more 15202 incomings on TRF than blue 15500s.

i meant in regards to getting it from a boutique, although it's obviously impossible to get a 15500 blue now as well. you make a good point about it being a longer production run though, but also we can factor in 15400s since they aren't too far off the 500s (about 90k right now). i'm surprised there are that many more 15202s on chrono honestly

[Fenrira]

Originally Posted by VogelPhoenix

Defined how? AP lists 215 "models" on their website vs 155 from PP. I don't know if it's obvious that there are more of a specific 15500ST variant in circulation than 5711s.

I’m referring to model line-ups. Patek has the Calatrava, Complications, Grand Comps, Twenty-4, Aquanaut and Nautilus among others which comprise their annual production. AP has three main lines and the 15500st, while handsome, is the most run-of-the-mill Royal Oak available. AP may have more models, but many of those include rare and limited edition pieces like bejewelled tourbillons, frosted openworked watches, etc. As such, it’s difficult for me to imagine that the 15500ST doesn’t make up a pretty significant portion of annual production on its own.

[ts3]

Originally Posted by 911AP

How can you compare the 15450 to a 15202? That's like people comparing the 15202 to a 15500. It's completely different. 37mm is too small the same way 41mm is too big. That's why 39mm is perfect. Not to mention the thinness of the watch is IMO the real value of that watch. The only proper comparison to a 15202 is the 15300.

Truth.

[cascavel]

Originally Posted by 911AP

How can you compare the 15450 to a 15202? That's like people comparing the 15202 to a 15500. It's completely different. 37mm is too small the same way 41mm is too big. That's why 39mm is perfect. Not to mention the thinness of the watch is IMO the real value of that watch. The only proper comparison to a 15202 is the 15300.

Back in prehistoric times, I'm talking 2015, I went into the 57th st. AP boutique in NYC to get a blue dial 15400. They didn't have one in stock but told me I could order one and they would have it in 2 months. OR I could buy a 15202st, which they had in stock, but it was $22,500, vs $17,500 for the 15400st. The SA also told me how rare the 15202 was and that they never get them. So I bought the 15202.
Two months later I dropped in to say hello to my SA and there was another 15202st in the display case for sale. The SA explained that, because it had no seconds hand, it was more of an acquired taste. Did they have a blue dial 15400st in stock? Nope.
The blue dial Royal Oak 15400 or 15500 was always more popular than the 15202
until it, somehow, became popular with geeks.

[robertengel]

While similarly prestigious I think the 5711 and 15202 were much more refined and high class. The 15500 is a bit more butch and sporty. They are all equally awesome, but the slimness and compactness of the 5711 and 15202 make it wearable for more people. Also the production volume on the two slim models is lower than that of the 15500. I dont see any of the current prices as justified, but overall I feel relatively if the other two are on offer the 15500 should occupy a lower price point. THAT BEING SAID, the other two are of course not in production at this time. So that may bring up the demand for new 15500, but should overall mean that 5711 and 15202 piece numbers are more or less set in stone now while there are more 15500 coming. So yea, I dont think it should match the price of those two, the 60k EUR price was already sickening over xmas, and now its jumping up again...

[911AP]

Originally Posted by cascavel

Back in prehistoric times, I'm talking 2015, I went into the 57th st. AP boutique in NYC to get a blue dial 15400. They didn't have one in stock but told me I could order one and they would have it in 2 months. OR I could buy a 15202st, which they had in stock, but it was $22,500, vs $17,500 for the 15400st. The SA also told me how rare the 15202 was and that they never get them. So I bought the 15202.
Two months later I dropped in to say hello to my SA and there was another 15202st in the display case for sale. The SA explained that, because it had no seconds hand, it was more of an acquired taste. Did they have a blue dial 15400st in stock? Nope.
The blue dial Royal Oak 15400 or 15500 was always more popular than the 15202
until it, somehow, became popular with geeks.

The market speaks. !5202 still higher even if the 15500 is catching up. I think we'll see a jump in price of the 15202.

I've had both. I prefer the 15202 even without the second hand and pain in the ass date window.

[dismail]

It looks like all the 15500ST have shot up in pricing? Even a black dial is hovering around 65k..

This is insanity! Could this be due to 50th anniversary of the Royal oak hyping the market up? Or is the market realizing AP should be around Patek pricing..

Nonetheless this is absurd!


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[ACWATCHES]

The 15500 is an abomination compared to the jumbo

[gretch6364]

It is sooo dumb. I have given up. We need a new thread...

What AP do you wish you were wearing today?

[VogelPhoenix]

Originally Posted by 911AP

The market speaks.

Given what the market has to say about the tiffany-blue-but-not-really Oyster Perpetual I'm inclined not to listen too closely.

[GreenLantern]

Forgive me, but "The Market Speaks" only applies when the market is not easily manipulated by ~10 grey dealers. This market is far too illiquid and opaque for it to actually speak.