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24 January 2018, 11:36 AM | #91 |
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Fewer buyers = higher prices.. this trend will continue.
Cutting distribution created artificial demand, there is no reason for the prices of certain models that have been made for years to be as high as they are. The swiss watch industry is on the decline and will continue from now on. All the brands have cut parts distribution to indy watchmakers to force the end user to send their pieces to the manufacturer so they can collect all the service revenue. Bottom line is the the swiss watch industry is on the decline and will continue from now on. Younger generation has little interest or appreciation for mechanical timepieces. I expect to see brands combine with others to stay alive. |
24 January 2018, 11:38 AM | #92 |
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The Royal Oak Jumbo is going to be the “budget” Genta. :-)
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24 January 2018, 11:39 AM | #93 | |
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24 January 2018, 11:41 AM | #94 | |
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24 January 2018, 11:42 AM | #95 | |
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24 January 2018, 11:42 AM | #96 |
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Wow that's a HUGE increase. If that's the case, glad I just did my 5905p now vs after lol.
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24 January 2018, 11:43 AM | #97 |
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Factoring in that PP had a price cut a few years back, maybe a 20% rise in MSRP isn't that crazy considering the rate of inflation over the years?
What will be interesting to see is what they do with other pieces. Calatravas and annual calendars aren't exactly selling like hot cakes right now, and raising prices on them will further hurt ADs who have these models languish in inventory. But if the prices remain the same, then it might have Patek's desired effect of shifting some interest over to those models. At least I can speak for myself personally, being in the market for a 5712/1A - the value proposition of an annual calendar like the 5396 or 5205 becomes a lot more attractive relatively speaking after this price increase assuming the prices of those models stay the same. Does anyone also think it's bizarre that this increase was announced only for these two models, but only to take effect March 1? What incentive is there for an AD who receives these models to deliver them from now until March 1st - they may as well hold them in the safe until March 1 and then deliver them! At any rate - the new MSRP for the 5712/1A really has me rethinking my options. I'm leaning more towards declining if/when I get the call and using my money on something else. |
24 January 2018, 11:49 AM | #98 | |
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As for Insider Info, PP and TS have form in sending markets crazy on the WIS equivalent of takeover/merger info, really they need to be regulated. |
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24 January 2018, 12:02 PM | #99 |
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24 January 2018, 12:16 PM | #100 |
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And someone will pay $1M for a bitcoin in 20 years.
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24 January 2018, 12:42 PM | #101 | |
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These are valid points and I am thinking about the same. I put 20% deposit on ss 5712 six months back and expected delivery is spring which I suspect immediately after the increase is put in effect. That is not a good feeling. But does it make sense to increase only ss models? Then what happens to 5712r/g? They are cheaper than the new ss 5712 price. It is like saying, because BMW 3 series is very popular, we make it more expensive than the 5 series. Very confusing to me. And I don't think they will increase the production as well, because that will be shooting themselves in the foot as their most popular models will become unpopular or "normally" popular which I don't think they are that naive to it. Interesting times. |
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24 January 2018, 12:51 PM | #102 |
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I imagine PP is trying to manage price and supply such that demand still exceeds supply so that the exclusivity is still there. But the opportunity for grays to have much margin is diminished.
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24 January 2018, 12:59 PM | #103 | |
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24 January 2018, 12:59 PM | #104 |
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24 January 2018, 01:02 PM | #105 | |
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See for instance the delta between a BNIB 116500 and 116509 - the SS is going for a premium while the WG is going for a substantial discount such that the difference is now around $8-10K, when the MSRP difference is more like $20K. Or the 5711 where SS is going for $40K while RG can still be had at the $51.5K MSRP when the gap in retail is more than $26K at the old prices. It would seem bizarre if the 5712/1A is more expensive than the 5712R/G - but you could rationalize part of it in that the 1A has a bracelet which requires a lot of extra work assembling and finishing. I would expect an increase for the gold models - but not by the same 20%. The 5712G is a slow mover and you'll get taken to the cleaners on resale (the R does much better.) There are many days where I've definitely turned my mind to the gold versions of watches I want as now they seem like comparative bargains to the SS brethren. Ultimately, I still end up going SS as it better suits my lifestyle. |
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24 January 2018, 01:02 PM | #106 | |
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24 January 2018, 01:06 PM | #107 | |
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24 January 2018, 01:09 PM | #108 | |
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Good points. Then in that case more people will be buying the g models if they see them very close in value to ss as they look very similar (white metal) and you get gold rather than steel. Or am I missing something? |
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24 January 2018, 01:14 PM | #109 |
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More gold is more good.
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24 January 2018, 01:31 PM | #110 |
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Is there a presumption that the increase will affect the entire SS nautilus line, or just the 5711/12?
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24 January 2018, 01:32 PM | #111 | |
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24 January 2018, 01:34 PM | #112 |
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More and more unattainable to me.
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24 January 2018, 01:44 PM | #113 |
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FTFY
I’m thinking to tip the ADs off in order to sell all of this years 5711/12 shipments at the higher price. Any new ones are headed straight for the vault until March first
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24 January 2018, 01:47 PM | #114 |
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^ totally agree, no way they deliver til 3/2
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24 January 2018, 01:49 PM | #115 |
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Added bonus they stoke the hype machine 2 months before Basel even begins and as mentioned create a possible run on anything desirable non 5711/12A left in stock.
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24 January 2018, 01:52 PM | #116 |
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If there is a price increase than you probably don’t have worry about them being discontinued any time soon. :)
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24 January 2018, 01:56 PM | #117 | |
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24 January 2018, 02:16 PM | #118 | |
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24 January 2018, 02:27 PM | #119 |
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This sucks. I was finally working myself up to spend $25k for a white 5711 if I could find one at msrp. Now that it’s almost thirty, I’m tapping out. It would’ve been nice to own a Patek but it’s not gonna happen now.
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24 January 2018, 02:32 PM | #120 |
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Raising MSRP prices on the 5711 and 5712 is totally logical. Not upping production, frustrating legitimate customers and foregoing the profits PP could make on selling a well thought out number of incremental units at the higher prices versus putting watches into the market that are not demanded and don't sell is not logical to me. Playing the exclusivity card indefinitely on very expensive stainless watches is a risky strategy IMO. Times change, tastes change, some people move on. My
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