Patek new price

[irish john]

do the US prices exclude state tax ?

[Billfav]

Originally Posted by irish john

do the US prices exclude state tax ?

It should as the rate varies from state to state.

[chmhill]

Right. The price is before any sales tax which varies state by state.

Originally Posted by irish john

do the US prices exclude state tax ?

[SL BRABUS]

Originally Posted by Ichiran

Based on my observations of the previous 2 rounds of increase, the gray pricing for the popular models also increased a few weeks after. I'm not 100% sure if the increase in gray was due to genuine demand or effects of MSRP increase though

Both my friend..... High demand & MSRP increase.....

[Bosscheto]

I have a stupid question - is this adjusted to the dollar valuation, and concerns the American market, or we should expect a global increase? On the Swiss website the prices are the same, from what I understand in the discussion, the increase will come in October?

[GreenLantern]

Increases are expected to be global. Coming October 1, as I understand it.

And quite frankly, given that they're global, I don't really believe it has anything to do with the strength or weakness of the USD.

[Daytonaman799]

PP is no longer a brand of the 1% but the .01%. Some of these prices are just outrageous. When I bought my 5712 it was around 20k. The 5726 was around 35k. The numbers are just getting mind blowing.

[CastorKrieg]

Originally Posted by Daytonaman799

PP is no longer a brand of the 1% but the .01%. Some of these prices are just outrageous. When I bought my 5712 it was around 20k. The 5726 was around 35k. The numbers are just getting mind blowing.

Then again this is general trend in the luxury industry - prices increase each year and way above inflation. I think many people are angry since they want a popular sports model, these never get discounts.

[Bosscheto]

Originally Posted by GreenLantern

Increases are expected to be global. Coming October 1, as I understand it.

And quite frankly, given that they're global, I don't really believe it has anything to do with the strength or weakness of the USD.

Thanks, I understand, I was hoping that is a US adjustment because of the strength of the CHF but alas no. I expect an allocation first quarter of next year. While waiting for my Aquanaut, we had two significant price increases. On the other hand, can you blame them, when the after market price is double MSRP on the sports models. I still just hope to get my watch.

[ts3]

Originally Posted by GreenLantern

Increases are expected to be global. Coming October 1, as I understand it.

And quite frankly, given that they're global, I don't really believe it has anything to do with the strength or weakness of the USD.

The average price increase in EUR will be 4% according to German ADs. I understand the price increase in the US is much higher which may well reflect the USD weakness.

[ragsk]

Wow those are some pretty chunky price rises. These sorts of percentage rises must be currency based, otherwise there is no justification for them. If you look at the CHF to USD rate over the last year, the dollar has weakened by just under 10%. That weakening must account for the biggest slice of these rises in the US market.

https://www.google.com/search?q=doll...hrome&ie=UTF-8

[ragsk]

Originally Posted by Will_L

Still a lot cheaper than in Europe

I'm not sure as I haven't done the calculations for Patek prices, but once you equalise for tax, I bet US prices are not cheap at all.

In the £ to $ price comparison, the days of the US being "cheaper" are long gone and that has been the case for many years. I find shopping in Manhattan ridiculously expensive especially when it comes to European brands. If I could just somehow explain that to my wife, our bank account would be in a much better place In her mind, every trip to NY has to involve significant shopping. I don't mind that for items that are only available in the US but we invariably end up buying a load of European brands and carrying them back to London when they are cheaper here in the first place........and you have more choice here too. The same applies to Dubai - horrendous prices tbh.

[ragsk]

Ok let me work out an example (i'm bored and everyone else in my house is fast asleep).

Patek 5740 - UK price is £94,450 including 20% tax. Thats £78,708 without tax. At the current exchange rate (1.28) that equals $100,908. The price in the US for this watch is now going to be $134,839!!!! Even if you compare to the old US price ($123,380) thats still a mammoth differential.

So you guys in the US should rush to the UK to buy your Pateks but of course you cant as nothing much is available! It also smells like the UK is going to to get a significant price rise as well...

[irish john]

looks like our American brothers are getting roasted :(
fingers crossed the UK price rise is more reasonable

[Reign]

These are big big prices! A grey 5740 at $160k a couple months ago doesn’t look so bad now when the post tax price is nearly $150k!

5320G price - wow as well. $40k nose dive out the gates.

[WatchEater666]

Yikes. Patek has really been leaning on their brand pretty hard IMO. Lots more watch for the money elsewhere with some independents and then brands like Lange.

[np2016]

Will be interesting to see if these large % price increases in the US cause many waiting for a sports model PP to cancel or look for another brand.

[Dr Process]

I can’t get over the 5227 coming in at $37,850. I love the case shape and hinged back, but that is steep for an otherwise uncomplicated (date function aside) piece, IMO. The 5196 at $24 is another head-scratcher. Again, love the history with the 5196, but at near $25k... idk.

[yessir69]

It’s nice to occasionally test the law of supply and demand.

I suppose.

[dsquared2]

Does anyone know about the EU new prices (€)?

[AK797]

Originally Posted by Daytonaman799

PP is no longer a brand of the 1% but the .01%. Some of these prices are just outrageous. When I bought my 5712 it was around 20k. The 5726 was around 35k. The numbers are just getting mind blowing.

You could also argue Rolex is not a brand of the 5% but the 1% now, maybe even less as Rolex has over 90% as non WIS buyers who are nowhere in this market now.

[Russell996]

Originally Posted by ragsk

Ok let me work out an example (i'm bored and everyone else in my house is fast asleep).

Patek 5740 - UK price is £94,450 including 20% tax. Thats £78,708 without tax. At the current exchange rate (1.28) that equals $100,908. The price in the US for this watch is now going to be $134,839!!!! Even if you compare to the old US price ($123,380) thats still a mammoth differential.

So you guys in the US should rush to the UK to buy your Pateks but of course you cant as nothing much is available! It also smells like the UK is going to to get a significant price rise as well...

New UK prices:
5740G will be £103,830
5370P will be £211,300
5711/1A will be £25,960
5712/1A will be £34,610
5726/1A will be £38,710
5212 will be £27,330

[maecenas]

Originally Posted by ragsk

Wow those are some pretty chunky price rises. These sorts of percentage rises must be currency based, otherwise there is no justification for them.

The “independence” that everyone vaunts cuts both ways, as long as they’re happy with what they’re selling, there’s really no need to justify anything. It’s definitely aggressive, and as mentioned right above it definitely is an interesting exercise of supply and demand. Patek has been very clear about not dramatically increasing production numbers... only a couple thousand more per year, I think they’re up to 65k or so now. So if production doesn’t go up and the watch market stays white hot, this seems natural. However, apart from everyone simply being mad they’re going to have to pay more (I myself am waiting on a 5205R that I thought should have been here by now), I think everyone perceives that the “white hot” market is perhaps a little more fragile than it seems (just based on all of the difficulties going on in the world).

Anyhow, some day it might make for an interesting business study. For now I assume TS and the few others sitting around the table know exactly what they’re trying to get out of this.

[Calatrava r]

And I believe the ADs are under pressure from Patek not to discount any of the models. So the cost of the AD experience keeps going up.

[Jutch]

Originally Posted by Russell996

New UK prices:
5740G will be £103,830
5370P will be £211,300
5711/1A will be £25,960
5712/1A will be £34,610
5726/1A will be £38,710
5212 will be £27,330

Any idea what the 5167A and 5164A will be?

[Russell996]

Originally Posted by Jutch

Any idea what the 5167A and 5164A will be?

I can ask, the prices are now with all AD’s.

[LOWERCASE GUY]

Do they have some new releases lined up? My AD has invited me to an event in November but not sure what to expect? I only casually asked about the 5196. Looking forward to it all the same.

[jamestucker]

Originally Posted by LOWERCASE GUY

Do they have some new releases lined up? My AD has invited me to an event in November but not sure what to expect? I only casually asked about the 5196. Looking forward to it all the same.

Berry's?

[mrpstl750]

They are impossible to get so what good does a price increase matter?

[LOWERCASE GUY]

Originally Posted by jamestucker

Berry's?

Haha yeah