Quote:
Originally Posted by malarky_hk
Not just a good way to kill the secondary grey market but the whole secondary market. Shocking.
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My view is that this will not kill the secondary market, rather I can imagine the following:
1) the grey market will lower the price to a point where a customer is willing to accept the 2-year risk. Most grey market watches come with their own warranty, not manufacture warranty. And if it did break, most owner will likely it send to Patek, paying out of pocket, instead of claiming the grey market seller warranty.
2) prices for those still under warranty pre-owned watches will drop to reflect the fact that the non-original owner will not be covered.
3) because prices for the LNIB watches drop, a potential new buyer of Patek will likely "demand" a larger discount at AD to minimize the future loss.
4) if AD has a firm discount policy their sales will likely drop.
Regardless, it's sad to hear the news.
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