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#1 |
"TRF" Member
Join Date: Nov 2009
Location: Rocky Mountains
Watch: Exp2, Exp1
Posts: 727
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Patek discounts?
Just curious as to what kind of a discount one can usually expect on a Patek?
I have heard their margins are higher than Rolex, does that mean a higher discount typically? Of course, I know a few of their models are impossible to get, I'm just referring to easy to buy off the floor models. |
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#2 |
Banned
Join Date: Feb 2009
Real Name: W. Stutman
Location: Motor City
Watch: TT GMT IIC
Posts: 2,223
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I can get a brand new mens basic Patek for about $12000.
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#3 |
"TRF" Member
Join Date: Nov 2009
Location: Rocky Mountains
Watch: Exp2, Exp1
Posts: 727
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#4 |
Banned
Join Date: Feb 2009
Real Name: W. Stutman
Location: Motor City
Watch: TT GMT IIC
Posts: 2,223
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Mens gold is starting at $17k
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#5 |
Member
Join Date: Oct 2010
Location: Portland, OR
Watch: Sub/Date SS 16610
Posts: 56
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It all depends on the model and the AD. On some of the easy to find models (say an aquanaut) you may find an AD who would do a decent discount (say up to 20% off list). Other ADs won't budge on the same model. If its a hard to get model, then just forget about a discount. If it's a really hard to get model, well you won't even have it offered to you. In the extreme (say a minute repeater) Patek's president will qualify all purchasers. I don't think the ADs get any higher margin (percent) than on a Rolex. But the prices are so much higher that they get quite a few dollars on a sale (but they move quite a few less watches as well).
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#6 |
"TRF" Member
Join Date: Nov 2009
Location: Rocky Mountains
Watch: Exp2, Exp1
Posts: 727
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Any other experiences here?
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#7 |
2024 Pledge Member
Join Date: Oct 2009
Location: North America
Posts: 11,078
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It is like everything else, it all depends on how well you know the AD and what type of history you have. Walking in off the street not knowing anyone, don't expect any discount, if you got some pull then 20% would be doable.
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#8 |
"TRF" Member
Join Date: Mar 2008
Location: Europe
Posts: 825
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a simple Calatrava is possible at -20%
A more complicated watch like an annual calendar ? Be very happy with 10% Stainless steel Nautilusses, and chronographs like the 5960, probably no discount Watches like the 5070 and 5970 .. Be VERY happy if you even can get one. Some AD ask a premium for such a piece |
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#9 |
"TRF" Member
Join Date: Oct 2007
Location: US
Watch: Me Now
Posts: 3,685
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It completely depends on the AD and the model. A 5196 will be different than a 5980, which will be different than a 5396...depending upon the state of sales, etc. If you have a specific model in mind, that would help.
Bill, you can get a $17K model (which one are you speaking of?) for $12K? That I've not seen...Mr. Lucky. ![]()
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#10 | |
"TRF" Member
Join Date: May 2019
Location: USA
Posts: 232
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Quote:
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#11 |
2024 Pledge Member
Join Date: Nov 2012
Location: USA
Watch: addiction issues
Posts: 37,009
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First we must find a time machine.
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#12 |
Banned
Join Date: Jul 2018
Location: Moon
Watch: Swiss
Posts: 2,270
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#13 |
2024 Pledge Member
Join Date: Nov 2012
Location: USA
Watch: addiction issues
Posts: 37,009
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Don’t quote me but I think Rolex dealers pay 62% of msrp.
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#14 |
Banned
Join Date: Jul 2018
Location: Moon
Watch: Swiss
Posts: 2,270
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#15 |
"TRF" Member
Join Date: May 2014
Real Name: Felix
Location: GMT +1
Watch: Yes!
Posts: 2,990
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#16 |
"TRF" Member
Join Date: Feb 2018
Location: Planet Earth
Posts: 551
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My recent experience with a 5196:
- South California: max 9% - Spain: 5% + extra strap |
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#17 |
2024 Pledge Member
Join Date: Nov 2012
Real Name: Steven
Location: Glocal
Posts: 19,875
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Visit Europe and get about 15% discount before you even start negotiating :-)
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__________________ Love timepieces and want to become a Watchmaker? Rolex has a sensational school. www.RolexWatchmakingTrainingCenter.com/ Sent from my Etch A Sketch using String Theory. |
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#18 |
2024 Pledge Member
Join Date: May 2016
Location: UK
Posts: 4,195
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#19 |
"TRF" Member
Join Date: Feb 2018
Location: Planet Earth
Posts: 551
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As information for the thread from a very recent case: purchasing in Spain's a 5196 at MSRP after tax refund is equivalent to US MSRP with 20% discount and 8% sales tax.
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#20 |
"TRF" Member
Join Date: Mar 2019
Location: Kuala Lumpur
Watch: PP 5164A
Posts: 212
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What about discounts in London, Singapore or places like Zurich? In KL, it seems is no more than 6 percent even for the slower moving models like Calatrava.
Need the information as I plan to acquire a 4897 for my 20th wedding anniversary towards end of the year. |
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#21 | |
"TRF" Member
Join Date: Nov 2018
Location: Europe
Posts: 3,275
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Quote:
![]() The CEO of FC Bayern München comes to mind... He barely managed to avoid a jail term after walking through the "nothing to declare" line at the airport with 100+k worth of watches he had received as a present in some gulf country. Then again a jail term would have been a splendid opportunity to catch up w the former (and again current) President of the same football club who happened to serve time for tax evasion related to FX speculation... ![]() |
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#22 |
"TRF" Member
Join Date: Jun 2012
Location: Canada
Watch: PP 5320G
Posts: 1,258
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I've heard 20% in recent times on a 5196, but that was with an established buyer at the AD.
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#23 |
"TRF" Member
Join Date: Aug 2016
Location: Chicago
Watch: Daytona
Posts: 5,419
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The one good thing about this 9 year old thread is that it is obvious very quickly ("On some of the easy to find models (say an aquanaut) ..."
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#24 |
2024 Pledge Member
Join Date: Nov 2012
Real Name: Steven
Location: Glocal
Posts: 19,875
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True, 15% is just VAT, so agree it's not a discount. THEN comes the 15% to 20% discount on top of the 15%
![]() Patek buyers tend to be very smart financially, so am sure they can calculate the savings... plus you get to take a nice vacay in Europe too. Win-win ![]()
__________________
__________________ Love timepieces and want to become a Watchmaker? Rolex has a sensational school. www.RolexWatchmakingTrainingCenter.com/ Sent from my Etch A Sketch using String Theory. |
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#25 |
Banned
Join Date: Jul 2018
Location: Moon
Watch: Swiss
Posts: 2,270
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Only models that come to mind are all the ones on display. Like a twenty-4 where you can negotiate % on them. Anything sports is a huge no-no from them. Almost blasphemy.
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#26 |
Banned
Join Date: Apr 2012
Location: UK
Posts: 4,345
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I agree it is still possible to get a discount on models that are on display and discounts will be higher out side London. Recently even without asking I was offered a 10% discount on a grand complication piece which was on display.
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#27 | |
2024 Pledge Member
Join Date: May 2016
Location: UK
Posts: 4,195
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Quote:
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#28 |
Banned
Join Date: Apr 2012
Location: UK
Posts: 4,345
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