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21 February 2019, 12:01 AM | #91 | |
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Thanks for lightening it all up.
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21 February 2019, 12:34 AM | #92 |
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21 February 2019, 12:45 AM | #93 | |
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21 February 2019, 12:53 AM | #94 | |
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Patek does take flipping seriously I can assure you. |
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21 February 2019, 12:57 AM | #95 |
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What word is better, savage or lit
Oh and google Jamie Powell, winner? |
21 February 2019, 01:04 AM | #96 |
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Just for the record, one of the AD’s I did business with just had their Patek franchise pulled. This is a family owned business and had been selling Patek for 25 years. I was told by the owner that there was no advance notice and no explanation. Patek does not give a hoot about AD’s.
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21 February 2019, 01:09 AM | #97 |
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FWIW, before I was given the opportunity to buy from my Patek AD he asked that I would never flip one of their watches. IT IS apparently a serious issue for them.
Because of this request, and the answer I provided, I would never do this. I also love my Rolex AD, but I had bought more watches than I can remember from them over the last decade. Jewelry for my wife, wedding ring for myself etc. While I do feel badly that I sold off some of the Rolex watches I bought and will not longer wear, I did not buy them to make money. I did not use my relationship to make money. I simply wanted the money to buy something else. In regards to the Patek watches, I won't do that because I made a promise as part of the bargain. If I had spent hundreds of thousands (inflating because Patek, not Rolex) over the last decade at my Patek AD, BEFORE, the current gray price increase situation, I would likely feel similarly. My watch, I can do with it what I want. I would feel that I paid my dues. And if I can make a quick 100k off it, I just might do that. It is in some way irresponsible not to. I would have likely just sold quietly to a gray though. But, If I had spend a lot of money in an AD and they sold a watch to someone that just turned it for a profit, I would be annoyed too. No doubt. As it stands, there are a lot of gray areas. And I can relate to everyones feelings on the matter. After all, we are all coming from a different perspective based on our own history. All of this said, I do think Patek is trying their hardest to fight the flipping game. I just don't think there is anything they can do about it. Actually, no. There is one thing. Provide more product to the market. Make them easier to get. But that takes away some of their status. And I am assuming that many of you, myself included, would not like to see the value of their watches tank because the market was flooded simply to disrupt the flippers. No easy answer here.
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21 February 2019, 01:12 AM | #98 | |
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I wish we had an emoticon for that.
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21 February 2019, 01:15 AM | #99 | |
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21 February 2019, 01:19 AM | #100 |
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21 February 2019, 01:45 AM | #101 | |
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21 February 2019, 01:47 AM | #102 |
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Finally we agree on something! Amen
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21 February 2019, 01:48 AM | #103 |
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21 February 2019, 01:48 AM | #104 | |
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'Russell996 is a savage with the timepieces, that 5370 is lit AF "
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21 February 2019, 01:51 AM | #105 |
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21 February 2019, 01:52 AM | #106 | |
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21 February 2019, 01:52 AM | #107 |
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Ben or Fred?
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21 February 2019, 01:56 AM | #108 |
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I saw Kelly first
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21 February 2019, 02:05 AM | #109 |
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I wonder how this whole perception would change if the AD was also involved.
For instance if you bought a 918 from the local porsche dealer, then turned it back into the same dealer on consignment after the waiting period. They sell it on the open market and collect a 10% consignment fee (dealer realizing 6 figure commission). Meanwhile you're able to skip the line and get any GT's, R's, and get another 918 at MSRP. Potentially keeping or selling as many as you want, after the waiting period. Opposed to this AD, selling a 5740. Client realizing all the upside. Regardless of HSWA/Patek Philippe SA's internal policy. |
21 February 2019, 02:07 AM | #110 |
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Datejust w/black Tapestry dial (1985) / Daytona (2016) |
21 February 2019, 02:13 AM | #111 | ||
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I'm not in either camp, there are scenarios that mean people need/want to move recently acquired large purchases. Not my business why. |
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21 February 2019, 02:13 AM | #112 | |
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21 February 2019, 02:17 AM | #113 | |
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One watch Registered in my name, the other one in sons name Neither AD has questioned me afterwards. In fact one AD I asked for another Patek, no balking on their side In fact he asked me if I wanted another one. This is why I am skeptical of ADs caring about flippers |
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21 February 2019, 02:36 AM | #114 |
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Rolex AD's also care very much about flippers on hard to get pieces - can't comment whether it is the same in the States but in the UK it is a fact.
Just for the record I am defining a flipper as someone who buys a piece with no intention of wearing it and immediately on receipt advertises it for sale and unworn. There are many reasons for a quick and legitimate sale that wouldn't qualify as being a flip. |
21 February 2019, 02:45 AM | #115 | |
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Rolex AD's here, at least some, bundle hard to get watches with PM models. That's against Rolex "rules" as well yet they do it. I tend to agree with Bill for the most part but sure some AD's take it more seriously, or at least pretend to. Sent from my iPhone using Tapatalk Pro |
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21 February 2019, 03:08 AM | #116 |
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Can you imagine any other business that has this insane ridiculous no flipping rule? Go to Starbucks buy the last croissant and the guy in line in back of you says I’ll give you double what you paid for it. Starbucks then tells you we aren’t going to let you buy another croissant or muffin ever. And to respond to Russell’s last post, using the word intention as in no intention to sell is crazy also, who decides what someone’s intention is, the intention police.
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21 February 2019, 03:22 AM | #117 |
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I’ll fight you! Sent from my iPhone using Tapatalk
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21 February 2019, 03:29 AM | #118 | |
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Sent from my SM-G960F using Tapatalk |
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21 February 2019, 03:34 AM | #119 |
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May the best man win!
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21 February 2019, 03:34 AM | #120 |
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Jokes aside, I too have flipped watches due to boredom and to make way for new pieces. Who decides which pieces we are allowed or not to move?
I have had a watch* for a few weeks and decided that it wasn't to my liking (despite drooling over this piece for months) and ended up flipping it within a month. Was I in the wrong? Would I get blacklisted by PP and their AD if this was a 5711/5712? *AP Schumacher Ti Sent from my SM-G960F using Tapatalk |
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