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thomaspp · 24 January 2018, 08:59 AM

Quote:

Originally Posted by Marciano490

That'd be a brilliant strategy if they planned it that way - create hype and scarcity around a few pieces so that they go for exorbitant amounts on the secondary market. Wait a year or two. Institute a massive price increase that seems tame given demand and the grey market. Flood the market with the once-rare pieces and sell them at much higher margins to grateful customers who thought they'd be waiting years or paying even higher prices.

Lol. Not suggesting they planned it this way, but clearly demand for steel nautilus is sky-high at the moment. It also appears various other stables of the line-up are not super popular at the moment. So increasing prices on the very in-demand watches seems fine to me is all I'm saying.

kilyung · 24 January 2018, 09:03 AM

Here’s hoping Rolex doesn’t copy Patek with the 116500... at least not until I’ve seen one.

kultschar · 24 January 2018, 09:05 AM

Quote:

Originally Posted by kilyung

Here’s hoping Rolex doesn’t copy Patek with the 116500... at least not until I’ve seen one.

Lol - this crossed my mind also

Especially since my goal is either upgrade my 5167 to a 5164 or grab a 116500 somehow. Cant do both

nyc2la · 24 January 2018, 09:06 AM

This thread has certainly livened up the Patek sub-forum!

kilyung · 24 January 2018, 09:10 AM

Quote:

Originally Posted by nyc2la

This thread has certainly livened up the Patek sub-forum!

And no one has gotten banned yet!

Have I spoken to soon?

kingofthehill · 24 January 2018, 09:11 AM

Quote:

Originally Posted by Bek

It’s legit info, reach out to your AD to confirm.

Sent from my iPhone using Tapatalk

I have received similar confirmation to others here, albeit not with the specific price details. Thank you for bringing this information to the forum, Bek.

Marciano490 · 24 January 2018, 09:15 AM

Quote:

Originally Posted by thomaspp

Lol. Not suggesting they planned it this way, but clearly demand for steel nautilus is sky-high at the moment. It also appears various other stables of the line-up are not super popular at the moment. So increasing prices on the very in-demand watches seems fine to me is all I'm saying.

I had a dear old Aunt from Buenos Aires who smoked till she was 80 and went to Vegas as often as she could, and she'd always tell me, "It's better to be lucky than good."

nyc2la · 24 January 2018, 09:20 AM

Quote:

Originally Posted by Marciano490

I had a dear old Aunt from Buenos Aires who smoked till she was 80 and went to Vegas as often as she could, and she'd always tell me, "It's better to be lucky than good."

Hear, hear! I learned that early in my days in my career (and my golf game!)...

.
.

Bek · 24 January 2018, 09:26 AM

Quote:

Originally Posted by remz07twos

exactly how i feel about the 5167. i hope this stays a nautilus only issue

My gut feeling is telling me there will be price increase in whole line up since they raised the prices on steel. But at the end who am I to predict but from their first move it’s hard to to predict that

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AK797 · 24 January 2018, 09:28 AM

Quote:

Originally Posted by kilyung

Anyone want to do a straight swap of a 5711/1a for a 5711/1r?

I luv ya, Mike, but no deal.

remz07twos · 24 January 2018, 09:29 AM

Quote:

Originally Posted by Bek

My gut feeling is telling me there will be price increase in whole line up since they raised the prices on steel. But at the end who am I to predict but from their first move it’s hard to to predict that

Sent from my iPhone using Tapatalk

oh I'm sure there will be an increase, but will it be 20% across all steel pieces or just nautiluses(nautili?)?

Bek · 24 January 2018, 09:30 AM

Quote:

Originally Posted by kingofthehill

I have received similar confirmation to others here, albeit not with the specific price details. Thank you for bringing this information to the forum, Bek.

I’m glad I could help

Sent from my iPhone using Tapatalk

AK797 · 24 January 2018, 09:32 AM

I suspect with the increase in price will come an increase in supply, as it must be galling for Patek and Rolex to see such huge profiteering from grey dealers who have put no work into the product but are just "handling" them. Rolex UK have made huge and very unpopular moves to cut down the greys, and AP look like they are making moves too, so I believe Patek will do the same now. As they are not disco-ing the Nautiluses as TS indicated he wanted to, I think now they will have to do the reverse and increase supply and prices to balance both the market and WIS perception of them as a functioning company.

Who knows maybe the Govberg thread did have an influence after all.

HorologyK · 24 January 2018, 09:34 AM

Quote:

Originally Posted by Marciano490

Is this US only? Could be a response to the weak dollar and the decrease from a few years back.

Yeah

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Marciano490 · 24 January 2018, 09:34 AM

Quote:

Originally Posted by AK797

I suspect with the increase in price will come an increase in supply, as it must be galling for Patek and Rolex to see such huge profiteering from grey dealers who have put no work into the product but are just "handling" them. Rolex UK have made huge and very unpopular moves to cut down the greys, and AP look like they are making moves too, so I believe Patek will do the same now. As they are not disco-ing the Nautiluses as TS indicated he wanted to, I think now they will have to do the reverse and increase supply and prices.

Who knows maybe the Govberg thread did have an influence after all.

Agreed. Someone paid 18k for bitcoin. Someone traded their home and farm for a tulip bulb. And someone will buy a second hand 5711 steel for 45k, but once the market figures out the supply has increased, I'd assume the MSRP and grey prices will reconnect.

AK797 · 24 January 2018, 09:37 AM

Quote:

Originally Posted by Marciano490

Agreed. Someone paid 18k for bitcoin. Someone traded their home and farm for a tulip bulb. And someone will buy a second hand 5711 steel for 45k, but once the market figures out the supply has increased, I'd assume the MSRP and grey prices will reconnect.

I think all the brands are starting to see the current situation is out of control and is only hurting their true customers, while only flippers and speculators and greys rejoice. Internet hype is one thing and to be enjoyed in small doses, but sooner or later sanity and some degree of sense has to prevail.

Marciano490 · 24 January 2018, 09:45 AM

Quote:

Originally Posted by AK797

I think all the brands are starting to see the current situation is out of control and is only hurting their true customers, while only flippers and speculators and greys rejoice. Internet hype is one thing and to be enjoyed in small doses, but sooner or later sanity and some degree of sense has to prevail.

I'm not positive it doesn't inure to their benefit. They get prestige attached to their name. They get a reward for their VIP clients. They get a bargaining chip to attach to their harder to move and/or more expensive pieces.

They stuff with the greys, I'm sure bothers them, but I guess that's what the moves to control the secondary market and to resell preowned pieces is aimed at.

The market is so small, it's like cable providers here in the US. Yes, Comcast is horrible, but so is Time Warner. Yeah, I'm pissed I can't get a 5711-1A, but I'm also pissed I can't get a steel openwork. So, what do I do, buy a Breguet? Or wait...

nyc2la · 24 January 2018, 09:45 AM

Quote:

Originally Posted by AK797

I suspect with the increase in price will come an increase in supply, as it must be galling for Patek and Rolex to see such huge profiteering from grey dealers who have put no work into the product but are just "handling" them. Rolex UK have made huge and very unpopular moves to cut down the greys, and AP look like they are making moves too, so I believe Patek will do the same now. As they are not disco-ing the Nautiluses as TS indicated he wanted to, I think now they will have to do the reverse and increase supply and prices to balance both the market and WIS perception of them as a functioning company.

Who knows maybe the Govberg thread did have an influence after all.

So just like that, Thierry's promise to keep SS pieces limited will go out the window? Maybe he has no choice? These are interesting times, that's for sure!

Bek · 24 January 2018, 09:46 AM

Quote:

Originally Posted by remz07twos

oh I'm sure there will be an increase, but will it be 20% across all steel pieces or just nautiluses(nautili?)?

I’d say all models by saying whole line up

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AK797 · 24 January 2018, 09:47 AM

Quote:

Originally Posted by nyc2la

So just like that, Thierry's promise to keep SS pieces limited will go out the window? Maybe he has no choice? These are interesting times, that's for sure!

Maybe this was his Cuban Missile Crisis and he played brinkmanship with his bane, the Nautilus, but ultimately the market has spoken... and the Nautilus stays!

darma · 24 January 2018, 10:16 AM

i was told in person by my AD yesterday that the 20% increase takes effect in New Zealand effect immediately for only the 5711 and 5712 in steel.

sgfortino · 24 January 2018, 10:16 AM

I would think a 20% price increase coupled with supply increase may be a bit aggressive. At the new MSRP for the 5712 it isn’t much different than current secondary. They certainly lay don’t want to overshoot and go back to the days of the nautilus sitting in cases. Would surprise me if supple increased as well.

kingofthehill · 24 January 2018, 10:36 AM

Whilst members are unwilling to share the manufacture's email, is anyone able to elaborate on its content if there are further details set out within it?

jrs146 · 24 January 2018, 10:43 AM

Man I’m on the list for a 5711 and didn’t make it in time

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KWSub · 24 January 2018, 10:43 AM

Quote:

Originally Posted by kingofthehill

Whilst members are unwilling to share the manufacture's email, is anyone able to elaborate on its content if there are further details set out within it?

I can concur that I saw the email today about the price increase as well, but not about any further details.

CRDMMW · 24 January 2018, 10:45 AM

I was offered a 5712g this weekend at 10% off from an AD. That’s sounding pretty good now!

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Toony · 24 January 2018, 10:54 AM

Quote:

Originally Posted by kilyung

Grey prices are already north of that anyways and hasn’t softened demand.

Oh I know. And anyone paying those prices are nuts.

Bek · 24 January 2018, 10:55 AM

Quote:

Originally Posted by kingofthehill

Whilst members are unwilling to share the manufacture's email, is anyone able to elaborate on its content if there are further details set out within it?

There are no other details. All it says other models will follow and announce the pricing on Basel day. There is nothing else to see

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thomaspp · 24 January 2018, 11:02 AM

Quote:

Originally Posted by AK797

I suspect with the increase in price will come an increase in supply, as it must be galling for Patek and Rolex to see such huge profiteering from grey dealers who have put no work into the product but are just "handling" them. Rolex UK have made huge and very unpopular moves to cut down the greys, and AP look like they are making moves too, so I believe Patek will do the same now. As they are not disco-ing the Nautiluses as TS indicated he wanted to, I think now they will have to do the reverse and increase supply and prices to balance both the market and WIS perception of them as a functioning company.

Who knows maybe the Govberg thread did have an influence after all.

Agree and makes sense

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toucan · 24 January 2018, 11:28 AM

I seriously doubt an increase in production. I don't think they care or think as deeply as you guys are.
It's like Hamilton tickets in NYC, they raised the tickets to about 1k to reduce the margin between real
and secondary markets.
Unfortunately, no xtra seats are available just like there will not be additional 5711 and 5712s.

24 January 2018, 09:06 AM	#64
nyc2la "TRF" Member Join Date: Mar 2014 Real Name: Stephen Location: Beach Watch: 16660 Posts: 9,176	This thread has certainly livened up the Patek sub-forum! __________________ "Nothing great was ever achieved without enthusiasm." --- RWE

24 January 2018, 10:16 AM	#81
darma "TRF" Member Join Date: Aug 2011 Location: new zealand Posts: 35	price increase i was told in person by my AD yesterday that the 20% increase takes effect in New Zealand effect immediately for only the 5711 and 5712 in steel.

24 January 2018, 10:43 AM	#84
jrs146 "TRF" Member Join Date: Aug 2011 Real Name: Josh Location: Lost in time Watch: Me Nae Nae Posts: 9,821	Man I’m on the list for a 5711 and didn’t make it in time Sent from my iPhone using Tapatalk __________________ "Sometimes the songs that we hear are just songs of our own." -Jerome J. Garcia, Robert C. Hunter

24 January 2018, 09:03 AM	#62
kilyung 2024 Pledge Member Join Date: Jul 2009 Location: Cave Watch: Sundial Posts: 33,870	Here’s hoping Rolex doesn’t copy Patek with the 116500... at least not until I’ve seen one.

24 January 2018, 09:32 AM	#73
AK797 2024 Pledge Member Join Date: Feb 2010 Real Name: Neil Location: UK Watch: ing ships roll in Posts: 59,239	I suspect with the increase in price will come an increase in supply, as it must be galling for Patek and Rolex to see such huge profiteering from grey dealers who have put no work into the product but are just "handling" them. Rolex UK have made huge and very unpopular moves to cut down the greys, and AP look like they are making moves too, so I believe Patek will do the same now. As they are not disco-ing the Nautiluses as TS indicated he wanted to, I think now they will have to do the reverse and increase supply and prices to balance both the market and WIS perception of them as a functioning company. Who knows maybe the Govberg thread did have an influence after all.

24 January 2018, 10:16 AM	#82
sgfortino "TRF" Member Join Date: May 2011 Location: Chicago Watch: Nerd Posts: 807	I would think a 20% price increase coupled with supply increase may be a bit aggressive. At the new MSRP for the 5712 it isn’t much different than current secondary. They certainly lay don’t want to overshoot and go back to the days of the nautilus sitting in cases. Would surprise me if supple increased as well.

24 January 2018, 10:36 AM	#83
kingofthehill "TRF" Member Join Date: Jan 2013 Location: World Posts: 485	Whilst members are unwilling to share the manufacture's email, is anyone able to elaborate on its content if there are further details set out within it?

24 January 2018, 10:45 AM	#86
CRDMMW Banned Join Date: Feb 2012 Location: USA Watch: Rolex, Patek Posts: 370	I was offered a 5712g this weekend at 10% off from an AD. That’s sounding pretty good now! Sent from my iPhone using Tapatalk

24 January 2018, 11:28 AM	#90
toucan "TRF" Member Join Date: Aug 2013 Location: NYC Watch: 5970 Posts: 1,980	I seriously doubt an increase in production. I don't think they care or think as deeply as you guys are. It's like Hamilton tickets in NYC, they raised the tickets to about 1k to reduce the margin between real and secondary markets. Unfortunately, no xtra seats are available just like there will not be additional 5711 and 5712s.

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