COUNT DE MONET
10031
The times are mad not Patek
Apr 05, 2018,06:43 AM
The 5970 P has had its appeal also as an investment piece, this is how I see this 5970P.
It is also undeniably beautiful, in any version and any metal.
The 5270 is by far technically more advanced than the 5970, as it is with the 5170 c and the 5070: but collectors did not jump on this investment train.
The reason: pricing.
Patek is trying imho, successfully, to get the financial losses caused by the US mortgage crisis in 2008 recovered in their books, by their costumers.
To keep the appeal high as the prices went up and up, Patek is "selling out" indicators of their special pieces : Breguet numerals, salmon dial, ... .
In addition Patek releases limited additions of unseen und "unworthy" numbers of 600 pieces, for instance.
But there is nobody left who should complain: Patek has balanced books, collectors are happy with still very, very interesting and beautiful pieces that are getting more and more, naturally driven by the price, exclusive.
I find the word exclusive personally detesting.
On a finishing note: the only real novelty of the last Basel fair was the new Ellipse in RG with a black gold dial: 18k black gold was not used before.
The rest is just the same in a new dress, beautiful dress though ...
Best
Moritz