The Rolex Forums   The Rolex Watch

ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX

Old 19 August 2019, 10:59 PM   #31
tchaic
"TRF" Member
 
Join Date: Sep 2015
Real Name: Chris
Location: USA
Watch: Tag Heuer 2000
Posts: 490
Quote:
Originally Posted by gilluminati204 View Post
Whats with the useful information for a change?
We want to know more about the bubble bursting...
Perfect response!
tchaic is offline   Reply With Quote
Old 20 August 2019, 07:55 AM   #32
GreenLantern
"TRF" Member
 
Join Date: Oct 2016
Location: Montana
Posts: 3,222
Very interesting stuff! Thanks for this analysis!

I know Patek (and Rolex) recently culled their AD list. I wonder if they're actively adding new ADs, still, though (i.e., those that might be *better* than the ones they culled).
GreenLantern is offline   Reply With Quote
Old 20 August 2019, 11:20 AM   #33
d11n
"TRF" Member
 
d11n's Avatar
 
Join Date: Jun 2019
Location: UTC/GMT -8 hours
Watch: yes
Posts: 414
Quote:
Originally Posted by GreenLantern View Post
Very interesting stuff! Thanks for this analysis!

I know Patek (and Rolex) recently culled their AD list. I wonder if they're actively adding new ADs, still, though (i.e., those that might be *better* than the ones they culled).
Now with a baseline pulled, it will be interesting to run the same data in 10-12 months and see if things are changing.
d11n is offline   Reply With Quote
Old 21 August 2019, 12:55 AM   #34
dpj17
2024 Pledge Member
 
dpj17's Avatar
 
Join Date: May 2009
Location: In the Middle
Posts: 830
Funny, Rolex AD numbers resemble what Electoral College should look like.
__________________
Fortes Fortuna Adiuvat
dpj17 is offline   Reply With Quote
Old 13 July 2020, 03:40 PM   #35
d11n
"TRF" Member
 
d11n's Avatar
 
Join Date: Jun 2019
Location: UTC/GMT -8 hours
Watch: yes
Posts: 414
2020 AD Update

I ran an update on the numbers from almost a year ago....

Globally the number of ADs has dropped about 8% from 421 to 387.

Authorized dealers are becoming more consolidated, in other words, more ADs are owned by the same group.

In the US there has been an increase by 10% in consolidation. Tourneau has the most with 7, Tiffany with 4, Watches of Switzerland with 3, and eight ADs have 2 locations.

In the UK consolidation stands at almost 40%, 80% in Singapore, 100% in Russia...and globally consolidation has increased almost 15% (roughly 11% intra country and 4% inter country)

so the net net is fewer ADs and the ones that are staying around are more likely to be owned by fewer people.



...
Attached Images
File Type: png Screen Shot 2020-07-12 at 10.16.32 PM.png (282.9 KB, 714 views)
d11n is offline   Reply With Quote
Old 13 July 2020, 03:46 PM   #36
zahain
"TRF" Member
 
zahain's Avatar
 
Join Date: Oct 2016
Location: _
Posts: 586
Wow i didn't know Germany had soo many ad's. I know italy is a big market but that number is also quite interesting. Thanks for the info
zahain is offline   Reply With Quote
Old 13 July 2020, 03:50 PM   #37
d11n
"TRF" Member
 
d11n's Avatar
 
Join Date: Jun 2019
Location: UTC/GMT -8 hours
Watch: yes
Posts: 414
Quote:
Originally Posted by zahain View Post
Wow i didn't know Germany had soo many ad's. I know italy is a big market but that number is also quite interesting. Thanks for the info
Other countries with large number of ADs are Japan 30, Switzerland 22, Taiwan 11... all unchanged from 2019 to 2020.
d11n is offline   Reply With Quote
Old 13 July 2020, 03:56 PM   #38
Ichiran
2024 Pledge Member
 
Ichiran's Avatar
 
Join Date: Jan 2018
Real Name: Michael
Location: Dotonbori
Watch: Mostly blue dials
Posts: 7,516
Quote:
Originally Posted by d11n View Post
Other countries with large number of ADs are Japan 30, Switzerland 22, Taiwan 11... all unchanged from 2019 to 2020.
There are 37 AD in UK.
Ichiran is online now   Reply With Quote
Old 13 July 2020, 03:56 PM   #39
Carlazzo
"TRF" Member
 
Join Date: Oct 2019
Real Name: Edo
Location: Italy
Watch: Rolex
Posts: 268
I don't understand why France has just one AD in Paris...
And India no AD !!
Carlazzo is offline   Reply With Quote
Old 13 July 2020, 04:00 PM   #40
d11n
"TRF" Member
 
d11n's Avatar
 
Join Date: Jun 2019
Location: UTC/GMT -8 hours
Watch: yes
Posts: 414
Quote:
Originally Posted by Ichiran View Post
There are 37 AD in UK.
indeed..down one from last year.
d11n is offline   Reply With Quote
Old 13 July 2020, 04:29 PM   #41
jamestucker
"TRF" Member
 
Join Date: Apr 2020
Location: England
Posts: 568
WoS Oxford street lost their Patek agency
jamestucker is offline   Reply With Quote
Old 13 July 2020, 05:22 PM   #42
IBDOC
"TRF" Member
 
IBDOC's Avatar
 
Join Date: Jun 2020
Location: Switzerland
Posts: 364
Quote:
Originally Posted by Carlazzo View Post
I don't understand why France has just one AD in Paris...
And India no AD !!
Weird. Not even an AD, just the PP Salon. Not even in Cote dAzur (or Monaco) which is kind of surprising. Almost feels like a deliberate choice by PP to steer everything to their own (presumably higher-margin) retail business. Lange also only has one boutique in France, AP one boutique and one AD, whereas VC has 2 boutiques and 12 ADs!

Never thought about it but yes, the lack of ADs in France is pretty jarring compared to Germany, Switzerland and Italy. I get that the Swiss 7,7% VAT makes for mmbetter prices for French who go to Geneva, but that doesn’t explain how Germany and Italy can sustain so many ADs.
IBDOC is offline   Reply With Quote
Old 13 July 2020, 11:48 PM   #43
Carlazzo
"TRF" Member
 
Join Date: Oct 2019
Real Name: Edo
Location: Italy
Watch: Rolex
Posts: 268
Yes, I agree with you.
But some months ago there were one Saloon and one AD in Paris, but now just the Saloon. And , as you said, is strange that in "Costa Azzurra" and Montecarlo there are no ADs.
Carlazzo is offline   Reply With Quote
Old 14 July 2020, 07:35 AM   #44
s_haverford
"TRF" Member
 
s_haverford's Avatar
 
Join Date: Oct 2018
Location: Los Angeles, CA
Watch: BLRO,OP-36 White
Posts: 308
Wow! That is a unique analysis of PP Ad's. I really like it, and thank you for sharing. One thing I see missing is a Patek AD in India....
s_haverford is offline   Reply With Quote
Old 19 April 2021, 01:41 PM   #45
d11n
"TRF" Member
 
d11n's Avatar
 
Join Date: Jun 2019
Location: UTC/GMT -8 hours
Watch: yes
Posts: 414
I figured I would update this.... fun to be tracking for three years now.
Attached Images
File Type: png Screen Shot 2021-04-18 at 8.43.06 PM.png (269.7 KB, 559 views)
d11n is offline   Reply With Quote
Old 19 April 2021, 06:18 PM   #46
bonsai-man
"TRF" Member
 
Join Date: Sep 2011
Location: UK
Posts: 725
Great work, thanks for the update.
bonsai-man is offline   Reply With Quote
Old 20 April 2021, 10:39 AM   #47
azizu
"TRF" Member
 
azizu's Avatar
 
Join Date: Aug 2020
Location: Saudi Arabia
Watch: Patek 3700/11AJ
Posts: 717
great analysis
would be interesting to take it to the next level and analyze the data and start drawing conclusion
__________________
Current Collection: PP 3700/11AJ, PP 5170G, PP 5320G, PP 5712/1A, APRO 15500, Rolex 116234, Rolex GMT Master2 BLNR, Omega SMP, Baume & Mercier M0A10280
azizu is offline   Reply With Quote
Old 14 February 2023, 03:33 PM   #48
d11n
"TRF" Member
 
d11n's Avatar
 
Join Date: Jun 2019
Location: UTC/GMT -8 hours
Watch: yes
Posts: 414
Interesting but not very surprising to see the number of Patek ADs continue to drop. I suspect the trend will continue.
Attached Images
File Type: png Picture1.png (113.2 KB, 395 views)
d11n is offline   Reply With Quote
Old 14 February 2023, 07:05 PM   #49
Rolle PP
"TRF" Member
 
Join Date: Jul 2018
Location: Berlin
Posts: 7
Even less

I meet Claude Peny last month, he meation that they will close almost 80 AD this year....
Rolle PP is offline   Reply With Quote
Old 14 February 2023, 08:11 PM   #50
George58
"TRF" Member
 
Join Date: Sep 2021
Location: Home
Watch: Patek Aquanaut
Posts: 837
how rare can it be to live 5 min walk to Mi PP ad
George58 is offline   Reply With Quote
Old 15 February 2023, 01:10 AM   #51
dauster
"TRF" Member
 
Join Date: Mar 2019
Location: San Francisco
Posts: 2,803
Patek ADs by the numbers

Quote:
Originally Posted by George58 View Post
how rare can it be to live 5 min walk to Mi PP ad

Rare but I live 15 minutes away ;)


Sent from my iPhone using Tapatalk
dauster is offline   Reply With Quote
Old 15 February 2023, 03:50 PM   #52
321Forever
2024 Pledge Member
 
321Forever's Avatar
 
Join Date: Jan 2017
Location: Orange County, CA
Watch: SD43
Posts: 434
The moral of this story is that you had better pick a dealer that will be around long enough to fulfill your long-term requests.
321Forever is offline   Reply With Quote
Old 16 February 2023, 12:56 AM   #53
uniqueMR
2024 Pledge Member
 
uniqueMR's Avatar
 
Join Date: May 2018
Location: USA
Watch: P A T E K
Posts: 4,691
All comes down to, Patek = more exclusivity + more control.
And, due to fewer ADs, much better inventory to deliver to their customers.

Patek is not decreasing production. So 353 ADs (worldwide) will be allocated more pieces compare to 421 ADs couple years back.
__________________
A. Lange & Sohne | Audemars Piguet | F.P.Journe | Omega | Patek Philippe | Rolex | Tudor | ...and Othersss
uniqueMR is offline   Reply With Quote
Old 16 February 2023, 09:41 AM   #54
Mini2
"TRF" Member
 
Join Date: May 2009
Location: Uk
Posts: 1,493
Quote:
Originally Posted by jakemeister View Post
The moral of this story is that you had better pick a dealer that will be around long enough to fulfill your long-term requests.
Mini2 is offline   Reply With Quote
Old 19 February 2023, 11:37 PM   #55
Steed
"TRF" Member
 
Join Date: Feb 2019
Location: UK
Posts: 133
The lack of French “doors” as PP call them, is due to the propensity of French consumers to prefer Cartier and other French luxury brands. (As told to me and others during a PP factory visit) so sales have never met expectations or justify the level of investment required by an AD.


Sent from my iPhone using Tapatalk
Steed is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Takuya Watches

Bobs Watches

My Watch LLC

OCWatches

DavidSW Watches

Coronet


*Banners Of The Month*
This space is provided to horological resources.





Copyright ©2004-2024, The Rolex Forums. All Rights Reserved.

ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX

Rolex is a registered trademark of ROLEX USA. The Rolex Forums is not affiliated with ROLEX USA in any way.