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9 February 2019, 06:29 AM | #91 |
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Atlanta and Houston Tiffany stores are on the cut list as well.
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9 February 2019, 06:30 AM | #92 | |
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They didn't use to have so much jewelry in the window but now they do the M&W across the street from WOS on regents street also seems stupid (both use to have Patek too, not sure if that is still the case) I saw my first aquanaut on display ever at M&W regent street a few years back
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9 February 2019, 06:35 AM | #93 | |
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As I said previously it is over run with pp ads in that area But if its only down to 2 or 3 in that area, well we are all gonna struggle Sent from my G8141 using Tapatalk |
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9 February 2019, 06:37 AM | #94 |
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Pragnell opened a store in Mayfair last year too so there are a lot even for a major city
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9 February 2019, 06:39 AM | #95 |
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AFAIK the distributors are different. Rhone doesn't handle the salon so they don't compete for the same stock. The AD's all go through Rhone so it may be related to distribution.
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9 February 2019, 06:40 AM | #96 | |
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It wouldn't surprise me if some are gonna take a hit, but with pragnall they only have 3 stores throughout the UK and more of the stern family store they prefer , where WOS or mappin/stroke whoever else they call them selves have a fair many Sent from my G8141 using Tapatalk |
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9 February 2019, 06:42 AM | #97 | |
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Quote:
And yes that means the salon would have to get alot more stock in and stop being so selective Sent from my G8141 using Tapatalk |
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9 February 2019, 07:55 AM | #98 | |
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9 February 2019, 10:54 AM | #99 | |
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9 February 2019, 11:14 AM | #100 | |
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Quote:
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9 February 2019, 02:44 PM | #101 |
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9 February 2019, 06:50 PM | #102 |
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that would surprise me as houston as the 4rd largest US city went a long time with Tiffany as the only AD which i always thought was strange because they have a smaller display than most regular AD's anyway... recently they got a second but with all the oil and gas and medical field money in the city i don't know how they got on with only Tiffany for so long .
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9 February 2019, 06:54 PM | #103 | |
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You could be right, I’m no expert and new to Patek. My assumption was that as advertised prices on the used market tend to be between £55k and £60k, a profit could have been made if needed (I don’t buy into advertised used prices, but I assumed that at the very least I’d have been able to sell above retail). My assumptions may have been flawed, but it was my thinking nonetheless. Luckily we haven’t had to find out how flawed my thinking was And the guy that helped me get the watch, a true gent as far as I’m concerned. Sent from my iPhone using Tapatalk
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9 February 2019, 09:35 PM | #104 |
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I know a brand new 5990 was just sold this week for GBP59.800...to a dealer who is going to sell it for more.
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10 February 2019, 02:10 AM | #105 | |
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10 February 2019, 02:11 AM | #106 | |
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10 February 2019, 02:15 AM | #107 | |
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I got so turned off them when the sales guy told me to come back in when i was ready to "upgrade" to the explorer II i had tried on. My watch i walked in with was an AP diver
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10 February 2019, 02:21 AM | #108 | |
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10 February 2019, 04:35 AM | #109 |
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There goes the price of the 5711, gonna be $70k soon
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10 February 2019, 08:30 AM | #110 |
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I rarely post here, but felt inclined after receiving a call from my AD that they have been cut. I will respectfully decline on naming them as they have not reached out to all of their clients yet, but remain on the Patek site (hence there is no correlation with current AD status and remaining on the Patek site). I would be remiss if I did not say that I have a great deal of compassion for the people/families this unexpectedly affects at such dealers. It is not always easy to comeback from such a setback. Further, currently I feel I have been completely left ‘high and dry’ by Patek Corporate. I have been collecting watches for over 25 year, having loyally spent large sums of money purchasing Patek watches mostly through my AD and have been rewarded accordingly with lunches/dinners with Patek execs (including TS) and receiving (purchasing) application, limited production, and hard to obtain pieces, etc. So what now? Does my unfulfilled order just goes in the garbage? Shall I go to the back of the line of another dealer and purchase pieces I already own to ‘create a relationship’? No way, I would rather realign the focus of my collection before going down that proverbial road with a company that has effectively iced me. To clarify what I am saying, there is a difference from my dealer losing it’s authorized status as opposed to Patek going bankrupt (which has not happened), thus, the fact Patek Corporate does not have a transition team in place for clients is such poor form and suggests so many other issues….but perhaps they do and will reach out, but merely calling out the current of affairs. I will reach out to the relationships I have made there (at Patek Corporate) for further direction, but in my book this is such ‘amateur hour’ from a company that holds itself beyond reproach. Yes, I am suggesting that I could have orchestrated a smoother transition on the back of a cocktail napkin, albeit that is not saying much given what I have seen thus far.
My apologies for the rant, but I stand behind everything I have said. |
10 February 2019, 12:02 PM | #111 |
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Perhaps Patek plans on producing far fewer watches which obviously will support fewer retailers. This could be a great move forward because fewer watches built means fewer watches to service, and therefore service times may benefit accordingly. So could the quality of the watches i prove because they're not struggling to make too many of them with a shotfall of staff in a false attempt to keep up with demand.
So yes, having fewer dealers could be a needed move in the right direction for the company.
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10 February 2019, 02:20 PM | #112 | |
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Btw, I am assuming you are from the US so apologies if I made the wrong assumption. |
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10 February 2019, 02:51 PM | #113 | |
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10 February 2019, 05:07 PM | #114 |
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Apheaven sorry to hear that. I hope Patek deal with you in the right way. My own experience with Patek over the years as been so poor that I have zero expectations any more.
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10 February 2019, 09:26 PM | #115 | |
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I agree with the first few lines of your post, I can't comment on the "Patek experience" since I haven't owned one. I can say I am 99% sure my small family owned AD will be or has been unexpectedly cut. I haven't called to check as I don't want to make them feel worst. Along with losing Rolex AD status I think this could be one of the final nails in the coffin for the store, at least for watches. It is truly sad to see the way major watch manufactures treat the small family ADs this way, it's like they use you and they spit you out when you are no longer needed with ZERO notice, it is truly disrespectful. |
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10 February 2019, 11:08 PM | #116 | |
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10 February 2019, 11:37 PM | #117 |
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The only way to not have this issue is to be in bigger chains or diversify your relationship
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11 February 2019, 02:12 AM | #118 |
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Does anyone know why these ADs will be cut? I have deposit with one of them.
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11 February 2019, 03:46 AM | #119 |
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Agree. And why should we blame Rolex or Patek for wanting relationships with stable clients that can absorb bad months on the books? It would limit discounting and limit sell through to the grey market.
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11 February 2019, 04:33 AM | #120 |
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Where do you the cut AD’s
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