5522a in the UK... for £60K!

[AK797]

If you really want it, there you go, just 3 times the retail. Luxe are proper dealers as well.

https://www.luxewatches.co.uk/shop/p...ref-5522a-001/

[Oryx]

totally absurd!!

[green_dial]

60K for a time only, steel case on a leather strap! Is there something we don't know?

Sure makes the 5711 on Watchfinder for 30k look like a bargain.

[Fiddich]

And its almost the same price as the 5980-1r at the same website. Makes no sense to me. However steel pateks do have a significance.

[AK797]

Don't know why we bothered to go to college, daylight robbery is perfectly legal now.

[Socal to az]

Holy cow! I'd be shocked if someone actually paid that.

[HorologyK]

Sealed also. Thierry is going to be pissed at that AD.

[RussW]

Originally Posted by AK797

If you really want it, there you go, just 3 times the retail. Luxe are proper dealers as well.

https://www.luxewatches.co.uk/shop/p...ref-5522a-001/

Oh, were they? Seriously, though are they an AD? I can't find them on Patek's website.

[PJ S]

^
Neil means trader/store – they’ve a bricks & mortar presence on the street their website indicates, not just a service building like some sellers operate out of.

[Halothane]

Originally Posted by HorologyK

Sealed also. Thierry is going to be pissed at that AD.

That's what I was thinking. Not cool.

[thomaspp]

So worth it. We like limited!


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[martinr]

There's a sealed 5230 world time with the NYC skyline on European Watch Co website. New arrival not priced yet. But it's sealed. So AD's are giving them to their customers still in the bag. ***already sold or off the website***

[codecow]

The price is too low for this amazing reference.

[RussW]

Originally Posted by PJ S

^
Neil means trader/store – they’ve a bricks & mortar presence on the street their website indicates, not just a service building like some sellers operate out of.

OK, thanks PJ

[nyc2la]

Patek should buy it to see which AD sold it, assuming it comes complete with box and papers.

[AK797]

Originally Posted by RussW

OK, thanks PJ

Yes, not an AD but a bricks mortar store, and there are actually two dealers on the same street up there in Essex, probably popular with the TOWIE and fake tan crowd.

[GB-man]

Insane

[KarlS]

Well they probably paid double to get it and then added their markup! I wish I thought TS actually cared but it's great for PP. let's a few customers make a few buck sure buys loyalty. I know a few TRFers who left the brand and now falling over themselves to get this watch. Like the Daytona C, the first few will make a killing and then sanity will prevail and prices will soften. Baselworld 2018 will occupy our minds and this watch will just fade quietly into the background.

[Hairdude1]

Crazy

[Ruud Van Driver]

Even at retail price, I can think of far better ways to spend £20k. I get that it's a Patek and it's limited to 600 pieces worldwide but it's not even aesthetically pleasing.

Just my 1.5p/2c.

[Passionata]

Originally Posted by nyc2la

Patek should buy it to see which AD sold it, assuming it comes complete with box and papers.

they shouldn t buy it just ask for the serial , but i doubtADs really afraid otherwise they wouldn t sell it like so

[mps354]

Originally Posted by martinr

There's a sealed 5230 world time with the NYC skyline on European Watch Co website. New arrival not priced yet. But it's sealed. So AD's are giving them to their customers still in the bag. ***already sold or off the website***

Saw that as well, was hoping to see a price

[thomaspp]

You do know dealers have been resealing watches (ie heating the bag and sealing again) for years right? Nothing new....


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[ap1]

Tony has one up 60k usd

[nyc2la]

Originally Posted by Passionata

they shouldn t buy it just ask for the serial , but i doubtADs really afraid otherwise they wouldn t sell it like so

These dealers (which are not ADs) have no obligation to Patek, so they may be unwilling to provide the serial number to them. But who knows.

Point is, I think Patek may want to know which AD, and maybe more importantly, which customer that received the allocation, flipped it.

[martinr]

I bought a sealed Patek from a trusted seller here on TRF and his name was on the certificate. Obviously he got the watch at a discount and put it up for sale. But discount or not it was his watch to sell or keep, same as with the 5522A. I could see Patek caring if it never got to a customer and the AD put a fake name on the certificate and sold it to a grey dealer but how would they find out?

[nyc2la]

Originally Posted by martinr

I bought a sealed Patek from a trusted seller here on TRF and his name was on the certificate. Obviously he got the watch at a discount and put it up for sale. But discount or not it was his watch to sell or keep, same as with the 5522A. I could see Patek caring if it never got to a customer and the AD put a fake name on the certificate and sold it to a grey dealer but how would they find out?

I think Patek would want to know, for a LE in particular, if watches allocated to supposed good customers / collectors were being flipped. I would guess (and I may be wrong) that said good customer would lose the "good". To be fair, if the customer sold it at a later time (unsealed and worn) so be it. Can't (and shouldn't be able to) stop that. But the fact that it's within weeks of delivery and sealed shows the true intention here.

[tyler1980]

Originally Posted by martinr

I bought a sealed Patek from a trusted seller here on TRF and his name was on the certificate. Obviously he got the watch at a discount and put it up for sale. But discount or not it was his watch to sell or keep, same as with the 5522A. I could see Patek caring if it never got to a customer and the AD put a fake name on the certificate and sold it to a grey dealer but how would they find out?

well take AP for example. Their warranty is a two step process and you have to register for the 3rd year. They are actually currently tracking who sold the watch, where it was sold, and to who. Then they track who registers it for the third year warranty which is typically the end buyer not the grey dealer. This is for the purpose of identifying grey dealers and the AD's who are supplying them. Its actually a fairly simple process to find out the grey supply chain.

They want to move to real time warranty activation at the AD which will let them deny a transaction at the point of sale to a known grey dealer in their data base. Thats the plan at least as it was explained to me.


Adding extra incentive for the end buyer to register the watch online by hypothetically extending the warranty significantly (which i am not confirming at this point) will only help them to track and identify grey dealers by seeing the discrepancy in individuals initially buying and end buyers registering. That extra warranty isn't transferrable as its not part of the watch purchase, but its extended to the owner for registering it.

[GB-man]

Can anyone confirm the 5522s are coming with papers already filled in from PP? Trying to assess the dealers ability to back door these.

[martinr]

The watch manufacturers already know who the grey dealers are. From what I've heard regarding AP for example, there's a legit AP dealer in Vegas, Venetzia is the name, they move more than the boutique and they have a grey outlet, lisalisa, that sells online with all documents. So when a manufacturer says they want to stop grey sales they really don't it's all talk.