First post of this year, to inaugurate the launch of our site with no other than the almighty 5070P.
While researching about this model, it felt like discovering an underground king. At the beginning, we were taking aback by the big premium it carries over its gold counterparts, but when we understood the production numbers it starting making perfect sense. Aside all the great collectible aspects known to the 5070 (the movement, the history, what inspired the watch, limited production and the fact that is discontinued) the Platinum version, was the one with the fewest examples made. Below the auction performance of this watch since 2011.
It is said that only about 200 examples were made in a short 8 months of production. This compares very positively versus about 1,000 models in each Gold version that was made for about 4 year each. Just imagine, for every 1 made in Platinum, 5 in EACH gold model exist. Think of the potential this has in terms of capital appreciation in the future. It sells for about twice as much, but it was produced 5 times less.
I know first hand that this watch is not easy to get, and those who own it, are extremely proud to own it, and some call it 'The abosulte best modern Patek to own'. They even prefer it over the 5970 that has a similar price. Granted the 5970 is gorgeous and has the extra PC complication, but the 5070 is without a doubt a more practical watch to own. To me that's a big bonus! You just need to wind the watch, and strap it on your wrist without any date-setting. So our suggestion is to keep an eye on this one for the years to come.
In our humble opinion, this is one of the few modern Patek's that offers a solid investment opportunity. As always, let us know your thoughts and opinions. And big congrats to all 5070P owners.