Before Mr Liu, who works in Hangzhou, brought out this 5164A-001, he settled one thing first: was the figure a buy-back price or a retail asking price? He had asked elsewhere before and the numbers on the same watch were some way apart. The pre-owned watch trade does not work to one standard, and you can see quite different figures for one reference, so he wanted the full offer sheet before selling rather than an isolated amount.
WatchesHangzhou
Patek Philippe Aquanaut 5164A-001 sold for CNY 680,000 — Hangzhou watch buy-back case, August 2026
At a glance
Final price
CNY 680,000
- City
- Hangzhou
- List price when discontinued
- CNY 378,500 (xbiao.com, 2026-09)
The figure on this page is what this particular transaction settled at. It reflects the house, the model, the condition, how complete the accessories were and the market at the time, and is not a quoted price for a comparable piece.
The client
The model and the market
The 5164A-001 belongs to the dual-time branch of the Aquanaut series, launched in 2011 and discontinued in 2024. It differs from its stablemate the 5968 in complication: this branch is a dual time, with a second time-zone hand and a day/night indicator added to the dial. Dual time leans towards practical demand and the chronograph towards sporting collection, so the two draw different buyers. Since production ended, supply in this branch has thinned markedly while practical demand has not retreated with it.
The list price for this reference is CNY 378,500 (taken from the official media list price on xbiao.com, checked September 2026). The secondary sale price of a discontinued reference bears no equivalence to list; it is settled together by how many survive, the state of the piece and buyer demand at the time.
There is no single formula for a watch. The house and the model draw the baseline, condition and accessories add to or subtract from it, and the market at the time decides the landing point; between two of the same reference you still look at case diameter, material, dial and generation.
How this price was set
Mr Liu’s watch finally sold at CNY 680,000, with three factors holding it up. The reference was discontinued in 2024 and its successor moved to white gold, so supply to the steel branch has stopped being replenished. The 40.8mm steel case is the usual size for an Aquanaut. And dual time is a complication people actually use, accepted steadily among buyers who travel across time zones, so demand has not retreated alongside discontinuation.
Its list price before discontinuation was CNY 378,500. The sale sits above list because circulation has contracted while the practical demand is still there.
The price was not ours to set — it came from trade buyers bidding in the same window on the platform. The offer sheet was spread out for Mr Liu line by line, and which one to take was his to say. Pre-owned Patek Philippe figures sit in the watch buy-back line, assessed piece by piece against the market at the time, with no seat given to the original purchase price. (Market figures reflect publicly available data.)
What we did
Competitive buy-back
The watch goes onto the bidding platform and trade buyers across the country bid live at the same time. The offer sheet is open for you to choose from, and the number is formed by market bidding
Watch authentication
An appraiser team of more than a hundred. Every item is signed off by three of them, and each check is recorded line by line and photographed
Credentials
Named in 2025 to the first cohort of pre-owned goods circulation pilot enterprises by MOFCOM, the NDRC, the Ministry of Natural Resources and SAMR; in 2019 Vintage-Privée entered a three-way strategic partnership with CCIC (China Certification & Inspection Group) and Alibaba.
Settlement
Payment goes out as soon as an offer is accepted. Nothing is charged if you walk away
How it ran
1
Talk to an advisor
Upload photographs with the reference noted and we make a first assessment
2
Free valuation
A reference range from the house, the model and the condition, which you can bring along to compare
3
Book a viewing
Fix a boutique time, or switch to a home visit or shipping
4
Appraiser check
Authenticity and condition verified on the spot, with the piece’s details synced to the bidding platform
5
Trade bidding
Buyers across channels bid in real time, with the offer sheet available to Mr Liu
6
Settlement
He settled on an offer, signed, and was paid on the spot
Questions about this case
What can a Patek Philippe 5164A-001 fetch at buy-back?
This Hangzhou sale in August 2026 came in at CNY 680,000. The reference is discontinued, so the pre-discontinuation list price is not used as a reference; what counts is how many survive, the state of the piece and buyer demand.
Does the dual-time complication on a 5164A-001 affect the buy-back price?
It does, but the effect comes from the demand side rather than the complication itself. Dual time is a practical function, accepted steadily among buyers who cross time zones often, and supply tightened after discontinuation — so enquiries for this reference on the secondary market run ahead of dress references at the same price point. That reading comes from demand; the complication does not carry a price premium of its own.
Which boutique in Hangzhou can I take a Patek Philippe to?
Boutiques in Hangzhou taking bookings for in-person checks are in Shangcheng, Xiaoshan, Gongshu, Binjiang and other districts, and home visits and shipping are accepted equally. Addresses are on the Hangzhou boutiques page. All three routes run the same authentication and bidding steps under the same quoting rules. Taking a free valuation before you come in gives you something to compare the in-person offer against.
How long does a watch buy-back take? Can I get the money the same day?
The same day, yes. The in-store check and the bidding usually finish within the day, and once you settle on an offer and sign the money can be paid. There is no need to come back repeatedly.
Start with what yours is worth
Free online valuation. Nothing to pay if you decide not to sell.