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Old 21 June 2024, 02:03 AM   #1
Ichiran
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Pastorale II by Qin Gan

https://monochrome-watches.com/intro...l-specs-price/

"Residing in Chongqing, China, Qin Gan’s journey into watchmaking is quite remarkable. As the son of a well-respected watchmaker in his region, Qin Gan literally grew up with watches. From a young age, he would dismantle, fix and reassemble watches using his father’s tools. This all led to being appointed head watchmaker at Poly Hong Kong auction house, becoming a public figure in the Chinese watchmaking industry, and subsequently launching his eponymous watchmaking company."

"The Pastorale II that’s being released now is an evolution of the original Pastorale. This was a six-piece limited run of watches with classical proportions and a stainless steel case. The follow-up Pastorale II serves up more of the aesthetic presented by the previous watch, with yet more fitness and attention to detail. The case is delightfully compact at 38.5mm across and 9.5mm in height and comes in either 18k white or rose gold."

"Moving to the dial, there are two options to choose from, both dictated by the case material. The white gold case is paired with a champagne-coloured champlevé enamel dial, while the rose gold case is fitted with a silver dial produced with the same technique. The style is simple, yet superbly refined. The engraved Roman numerals and markings are filled with black vitreous enamel."

"The architecture of the Calibre 1810 is still based on the manually wound Longines 30L, although it’s produced and finished in-house for the most part. For instance, the mainplate and geartrain are entirely handmade, and the Côtes de Genève, chamfering, perlage and other finishing techniques are done by hand as well. It also features gold chatons, a new style click spring and a balance wheel with adjustable weight screws."

"Qin Gan is able to produce about 15 pieces per year, at a price of CNY 328,000, or USD 46,000, excluding taxes."
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Old 21 June 2024, 02:06 AM   #2
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The 2 Chinese characters on the dial are "Qin Gan". The movement is based on Longines 30L. The hand-finishing behind is well done with 8 interior angles. Nice size to wear.
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Old 21 June 2024, 02:47 AM   #3
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Pricing is very aggressive. The main input for a high end watch is labor, and this is a crazy amount of buying power in Chongqing. I don't really get why it's priced the way it is given the brand is in a LCOL area.

Good on him if he can charge that, but $46k for a time only dress watch made in China is bold.
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Old 21 June 2024, 03:41 AM   #4
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It's all happening....

Human talent is global. Though admit was hoping for pricing below $25k, since Torsti Laine is $12k.
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Old 21 June 2024, 08:50 AM   #5
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This jumps the shark.


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Old 21 June 2024, 09:22 AM   #6
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Hard pass. The average white collar annual salary in China is $48k, factory workers make significantly less. Asking $46k is just unrealistic compared to the wages being paid in the country.

At $46k, I can pay a watchmaker in China to commission a piece with way better finishing using the same Longines movement.
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Old 21 June 2024, 09:49 AM   #7
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The iphone are made in China and India but that doesn't mean Apple is going to sell us an iphone at $100 each due to the payroll and low cost there.

Similarly at Lange, they are operating at a lower cost region (compared to Geneva) but you are not getting the Lange 1 at $5k.
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Old 21 June 2024, 10:14 AM   #8
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Quote:
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Hard pass. The average white collar annual salary in China is $48k, factory workers make significantly less. Asking $46k is just unrealistic compared to the wages being paid in the country.

At $46k, I can pay a watchmaker in China to commission a piece with way better finishing using the same Longines movement.

Where are you getting that number from? I have a ton of white collar employees on payroll in China and I do not pay them anywhere close to $48k USD. Googling around says the same thing too..it's much much much lower lol
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Old 21 June 2024, 11:21 AM   #9
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Actually, 46k is not bold and it has been sold out until 2027. I have seen this watch 2 months ago when I went back Shanghai. I was astonished by the quality of this dial also the movement, same level with some so-called Swiss brand. I wish I could be on the list for this fantastic piece.

When I was in Geneva last week and attended the Palexpo, I did witness the total supply chain for watch industry, which was quite amazing. Some famous brands (I don't want to say) relies on this supply chain and what they really did is only designing by CAD and little labor for assembling watches. That is why I am more impressed by Qin, he and his team almost did everything they could do in house. Respect to him. It took him two years to improve this dial. Picture can not tell and we have to see this watch in person.



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Pricing is very aggressive. The main input for a high end watch is labor, and this is a crazy amount of buying power in Chongqing. I don't really get why it's priced the way it is given the brand is in a LCOL area.

Good on him if he can charge that, but $46k for a time only dress watch made in China is bold.
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Old 21 June 2024, 10:56 PM   #10
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That is why I am more impressed by Qin, he and his team almost did everything they could do in house. Respect to him. It took him two years to improve this dial. Picture can not tell and we have to see this watch in person.
That's great and do very much look forward to Asian companies offering a lot of true handcrafted, hand-polished timepeices that rival anything else available within the marketplace. Human talent is global.

It was just a matter of time for the Dragon to wake up....
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Old 22 June 2024, 12:18 AM   #11
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The iphone are made in China and India but that doesn't mean Apple is going to sell us an iphone at $100 each due to the payroll and low cost there.

Similarly at Lange, they are operating at a lower cost region (compared to Geneva) but you are not getting the Lange 1 at $5k.

For an iPhone you’re paying for r&d, not labor.

And the labor cost in Germany maybe a little less… but not that much less.


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Old 22 June 2024, 01:38 AM   #12
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For an iPhone you’re paying for r&d, not labor.

And the labor cost in Germany maybe a little less… but not that much less.
Both not true.

Apple's R&D is only 11% of total operating expenses. That's a small percentage.

Labour cost of watchmaker in Glashutte is €50k per annum vs CHF 80k in Geneva. That's a significant difference and I would expect my Lange to be 40% cheaper than an equivalent complicated Patek if we go with your logic. However, we all know that's not the case.
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Old 22 June 2024, 01:51 AM   #13
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Both not true.

Apple's R&D is only 11% of total operating expenses. That's a small percentage.

Labour cost of watchmaker in Glashutte is €50k per annum vs CHF 80k in Geneva. That's a significant difference and I would expect my Lange to be 40% cheaper than an equivalent complicated Patek if we go with your logic. However, we all know that's not the case.
So what you're saying here is the margins for the pastorale are nuts then?
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Old 22 June 2024, 01:54 AM   #14
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Both not true.

Apple's R&D is only 11% of total operating expenses. That's a small percentage.

Labour cost of watchmaker in Glashutte is €50k per annum vs CHF 80k in Geneva. That's a significant difference and I would expect my Lange to be 40% cheaper than an equivalent complicated Patek if we go with your logic. However, we all know that's not the case.
Lol dude. Apple makes a TON of money via software type product. IE App Store fees to apps.

Really bad comp
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Old 22 June 2024, 01:57 AM   #15
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So what you're saying here is the margins for the pastorale are nuts then?
It might well be high but if he have an order book until 2027 (as of today), that's his own merit. This is an artisanal watch and he only makes 15 per year. He prices them and customers decide if it is fair vis-a-vis other artisanal watches.

When I buy an artisanal watch, I don't think about manufacturer's cost but I look at prices of similar artisanal watches, as a reference only.
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Old 22 June 2024, 02:19 AM   #16
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I'm getting a few bespoke pieces that I'm really looking forward to.

However, the discussion here seems to be pushing to a key point: Finely finishing a vintage movement in the Swiss-French style, counting the internal angles and looking at the anglage is...

Not That Special.

Maybe we shouldn't be paying huge amounts for that.

Lots of people are doing that now.

Just putting that out there as a challenging idea. I'm not saying it's an opinion handed down from a mountain, just one to play with.

Personally, I like fine finishing, but I don't think of it as the be-all, end-all. It can be a factor (not always, there are other ways hand-finishing can be done and other ways to show craftsmanship!), but it's not the only thing to look for.

PS Best wishes to Qin Gan, it sounds like he has connections to collectors in China. I don't like the larger 12 on the dial. Maybe dial work will be a place to move forward for him.
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Old 22 June 2024, 02:22 AM   #17
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Being able to sell 15 pieces a year does not mean the price is fair. It’s not a relevant sample. It just means you have found 15 people crazy enough to pay what you want. Try finding buyers of these watches at that price at scale. This is a watch made in a very low cost country and that advantage should be passed on to the customer. Not sure that’s happening here.
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Old 22 June 2024, 06:26 AM   #18
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Quote:
Originally Posted by Ichiran View Post
Both not true.

Apple's R&D is only 11% of total operating expenses. That's a small percentage.

Labour cost of watchmaker in Glashutte is €50k per annum vs CHF 80k in Geneva. That's a significant difference and I would expect my Lange to be 40% cheaper than an equivalent complicated Patek if we go with your logic. However, we all know that's not the case.

Haha. Ok. In the end, you’re right: if this new Chinese watchmaker can convince people to pay a Patek premium then god bless.


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Old 22 June 2024, 06:27 AM   #19
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Originally Posted by kunlun View Post
I'm getting a few bespoke pieces that I'm really looking forward to.

However, the discussion here seems to be pushing to a key point: Finely finishing a vintage movement in the Swiss-French style, counting the internal angles and looking at the anglage is...

Not That Special.

Maybe we shouldn't be paying huge amounts for that.

Lots of people are doing that now.

Just putting that out there as a challenging idea. I'm not saying it's an opinion handed down from a mountain, just one to play with.

Personally, I like fine finishing, but I don't think of it as the be-all, end-all. It can be a factor (not always, there are other ways hand-finishing can be done and other ways to show craftsmanship!), but it's not the only thing to look for.

PS Best wishes to Qin Gan, it sounds like he has connections to collectors in China. I don't like the larger 12 on the dial. Maybe dial work will be a place to move forward for him.

100%


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Old Today, 04:14 AM   #20
WatchEater666
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Quote:
Originally Posted by kunlun View Post
I'm getting a few bespoke pieces that I'm really looking forward to.

However, the discussion here seems to be pushing to a key point: Finely finishing a vintage movement in the Swiss-French style, counting the internal angles and looking at the anglage is...

Not That Special.

Maybe we shouldn't be paying huge amounts for that.

Lots of people are doing that now.

Just putting that out there as a challenging idea. I'm not saying it's an opinion handed down from a mountain, just one to play with.

Personally, I like fine finishing, but I don't think of it as the be-all, end-all. It can be a factor (not always, there are other ways hand-finishing can be done and other ways to show craftsmanship!), but it's not the only thing to look for.

PS Best wishes to Qin Gan, it sounds like he has connections to collectors in China. I don't like the larger 12 on the dial. Maybe dial work will be a place to move forward for him.

Agreed. Stuff like this, and the release from Fleming are both so bland.
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Old Today, 11:19 AM   #21
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I enjoy and appreciate good hand-finishing and below are some pics of his beautifully finished movement.
Attached Images
File Type: jpg 3.jpg (181.2 KB, 22 views)
File Type: jpg 1.jpg (190.1 KB, 22 views)
File Type: jpg 5.jpg (188.1 KB, 21 views)
File Type: jpg 2.jpg (207.2 KB, 21 views)
File Type: jpg 4.jpg (219.6 KB, 21 views)
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