I’m looking at purchasing this watch through an auction house and would love to get your opinion on value.

What do you think would be a great buy price or realistic wholesale number for this reference?

From my research, the original retail price was around $60,000, and current secondary-market listings seem to range from approximately $38,000 on the low end to over $50,000 for full-set examples.

This particular watch includes the original Certificate of Origin but does not come with the original box.

To be completely honest, I’m looking at this as a potential value opportunity. I think it’s a very overlooked model in the current market, and there may be a chance to buy it well below market value. My thought process is to acquire it at the right price, enjoy it for a period of time, then send it to Patek Philippe for a complete factory service and obtain an Extract from the Archives. After that, I could either sell it privately for a profit or wholesale it to a dealer if the numbers make sense.

I’m curious to hear what others think the true wholesale value is today and what price point would make this an attractive buy.

Patek Philippe 5147G

• Reference Number: 5147G-001
• Year 2012
• Case Size: 39MM
• Complication Annual Calender Moon Face
• 18K White Gold
• Factory Diamond Gem Set / 62 diamonds
• Navy Blue Lacquered dial with white gold applied hour markers and numerals