First Patek Purchase Advice - 5270p

[KBM]

Originally Posted by Kittayos

Here's one thing I can share through my experience from some ADs in Europe. The shop owner has 3 clusters of profit - 15%, 25% and 35%.

Those quartz movement pieces tend to be on a high side of profit taking, whereas grand complication is 25% in most cases except 5496, 5140, 5940 so on and so forth (most unwanted models...etc). Minute repeater is 15% of course. I will leave you to figure the number out on nautilus and aquanaut.

The system we do is this. If an AD wants to move quicker on unsold pieces (with little incentives later for us), they will liquidate at cost. Retail price minus initial shipment cost charged by Patek (zero profit) and again minus full VAT which is 19% (x amount ÷ 1.19)= final price. It's a win-win situation.

In other words, 40% off basically. AD gets the money to use as a cash flow and we get the watch, though AD sometimes do 20% discount plus full VAT (they take 5% profit). Can think of 5370p (another hard to sell piece).

For 5270p, when it first came out, expect little discount to zero except full 19% VAT deduction. As time goes by, the piece applies 10%, 15% and xx% off. This implies about its popularity and supply in the market. I have zero regret selling it. I can buy it back at around 122k with my name on it but I won't. I don't really see a much future value of this piece honestly. Patek should have discontinued it.

As a side note, when any AD sells a large number of grand complication pieces, they can automatically ask for more allocation of hot model pieces (rare handcraft, 5711/1p-xx, out of catalogue stuff...etc).

Thank you for sharing these thoughts. Do your observations regarding the 5270p also apply to other 5270 variants, in your opinion?