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24 March 2020, 05:31 AM | #1 |
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Patek - 2020 releases to be postponed to next year
I have heard from a very reliable source that Patek has decided to cancel releasing any watches this year due to the COVID-19 issues.
Instead they will have a bigger event for 2021 - combining two years worth of releases. |
24 March 2020, 05:43 AM | #2 |
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This year will not be a good year for any releases given the global economic situation. Not a surprise move.
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24 March 2020, 06:36 AM | #3 |
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It is totally understandable, but sad...
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24 March 2020, 07:12 AM | #4 |
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Probably makes a lot of sense. I suspect they will remain closed beyond the normal release time anyway so production of new releases would have been delayed for this year.
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24 March 2020, 09:21 AM | #5 |
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With most of us in isolation and bored it would not be a bad idea to online/IG release these for our viewing over the next couple of months, even if we can't buy them for another few months after that.
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24 March 2020, 09:23 AM | #6 |
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I agree - would give us something to occupy ourselves with at least
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24 March 2020, 11:55 AM | #7 |
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If there is a somewhat rapid rebound used pieces will skyrocket
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25 March 2020, 01:40 AM | #8 |
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25 March 2020, 02:52 AM | #9 |
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That'd be a shame. As Neil said, better to let the new models trickle out through social media and keep collectors interested.
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25 March 2020, 04:13 AM | #10 |
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I agree it would be a shame. It also highlights that they are more commercially concerned vs a company that is creative, appreciates their customers, and carrying on regardless.
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25 March 2020, 05:09 AM | #11 |
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Not giving enthusiasts a reason to remain excited about the brand while everything is depressed is a mistake. Supposedly, the 2020 Rolex releases will be out relatively soon, so we'll see if either is true.
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25 March 2020, 06:00 AM | #12 |
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Yes, they were planning to do it anyway so it would be no hardship for PP, Rolex etc, and it would be a social service for the tens of thousands of enthusiasts now stuck at home.
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25 March 2020, 01:43 PM | #13 | |
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Quote:
I think one big reason could be ensuring those new references, being even more limited and hard to get, don’t skyrocket to some arbitrary value because they cane out during this time. Not to mention, they may not even had time to complete manufacturing and design on them before the shit down! |
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26 March 2020, 02:32 AM | #14 | |
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Quote:
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26 March 2020, 05:42 AM | #15 |
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Case in point, AP have just released a new model and that has sparked up the AP forum which has been pretty dead for the last few weeks as has this forum.
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26 March 2020, 06:56 AM | #16 |
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One justification for the delay is the importance of the models being release perhaps?
I would expect the 5296 replacement is a relatively high volume and core model. I also agree with most of you who argue that many customers don't get a chance to see models in person before they decide to buy them these days and that it would build interest to at least see releases taking place digitally. |
26 March 2020, 09:56 AM | #17 |
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Sensible thing to do. Doubt most of us are that concern with watches right now.
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26 March 2020, 10:05 AM | #18 |
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26 March 2020, 10:12 AM | #19 |
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Hopefully this gives them time to service pieces a bit faster.
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26 March 2020, 08:31 PM | #20 |
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26 March 2020, 10:49 PM | #21 |
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Me too but Patek have similar vintage two tone chronograph models, I wonder if they have one planned also and AP have pipped them to the post. Sent from my iPhone using Tapatalk
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27 March 2020, 01:22 AM | #22 |
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27 March 2020, 02:37 AM | #23 |
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Is the postponement now confirmed? There have been some posts on Instagram suggesting so, but I see nothing on PP's website nor on news watch sites.
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28 March 2020, 10:40 PM | #24 |
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i don’t think PP have made any formal announcement but have intimated this to their AD network
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29 March 2020, 12:07 AM | #25 |
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30 March 2020, 09:09 AM | #26 |
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I realize that PP makes its own rules but I wonder why it hasn't made this information public. I know people who want to buy a PP but are a little concerned that PP will release a model that will make them regret the decision. It seems that announcing the cancellation will get these people off the fence. This is particularly true of a model that's been rumored for an upgrade for a long time like the 5196p.
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30 March 2020, 10:31 AM | #27 | |
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On another note, it is nice to see a fellow Missourian on here! |
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1 April 2020, 12:03 PM | #28 |
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If this is true, it really bums me out -- watch releases are something I've really been looking forward to because, well, there's not much else to do right now.
I apologize if this offends anyone and I'm not meaning to call anyone a liar, but I'm still not 100% convinced this is accurate. For one, I think Patek would issue a public statement because everyone is expecting new releases. Additionally, from a logistical standpoint, it also doesn't fully add up to me. They've been working on this year's releases for years now, and probably have been preparing to produce them for the last year or two. I would be surprised if production hadn't yet started in some capacity, but either way, they've already ordered a ton of parts, committed to future orders, retooled, discontinued other models, etc., and at this point, IF the manufacture is open, it would make much more sense logistically, financially, etc. to just launch them now than to delay. Now, if the manufacture ends up being closed for months on end, then I understand why they'd delay the launch.
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1 April 2020, 03:29 PM | #29 |
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It makes sense to postpone. Who is actually going out to try some new watches anyway? ADs & the factory are closed.
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2 April 2020, 05:48 AM | #30 |
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Oh well. Less for me to buy. Then again I haven’t even purchased any of this year or lasts years models
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