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9 March 2018, 03:43 PM | #1 |
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A Lange & Sohne - price increase 4/1/2018
Was just informed by two ADs that ALS will be changing prices effective 4/1/18. I chuckled and asked if it's actually a price decrease, as $37K for a base Lange 1 in WG is already a hard mover in today's market.
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9 March 2018, 04:01 PM | #2 | |
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Want a L1MP WG black badly.
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9 March 2018, 08:39 PM | #3 |
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Exactly...Except come back 12 months later and still in the case.
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10 March 2018, 08:44 AM | #4 |
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Was only offered 10% off a near £100K ZW Striking time so not surprised they want a price rise.
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10 March 2018, 12:25 PM | #5 |
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I really don't understand this.
I would be very curious to know what percentage of annual sales for ALS are without discount. Even the f'n Boutiques discount. |
10 March 2018, 01:29 PM | #6 |
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10 March 2018, 02:44 PM | #7 | |
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Its not necessarily the price that is the discouraging factor as objectively they are probably worth it, its discounting. Whenever one is expected and the norm, someone can always get a better one than you and feeling like you overpaid vs someone else isnt a good feeling to have with a purchase experience. |
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11 March 2018, 12:22 AM | #8 | |
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I own one ALS, which of course I bought used at a discount of ~50% from retail (buying new would have been ~25-30% discount), and appreciate the watches very much. I would like to add another but unless I find something that I think is a steal (in order to do my best to protect the downside if I need to move it on) I'll continue to allocate my watch dollars elsewhere. |
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11 March 2018, 09:00 AM | #9 |
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Yup. Was casually browsing at an AD and they basically implied they moved <1 Lange 1 (of any variant) each year, while attempting to FOMO me into getting the one they had on display at a 5% discount. It wasn't even in the color I wanted.
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11 March 2018, 10:20 AM | #10 |
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Which ALS watches actually move then? The 1815 Chrono, maybe the regular 1815 (and the Up Down), anything else?
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11 March 2018, 10:28 AM | #11 |
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I'm curious about the price increase as well, as they don't exactly fly out of the cases, which is a shame because they make superb watches at very fair prices. Even at list price, they are a bargain compared to Patek when you consider the quality but they are an even better deal with a discount or used.
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11 March 2018, 11:54 AM | #12 |
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I always thought L1 is their bread and butter line. Looks like they are doing quite badly. Have always appreciated Lange watches but can't seem to make the leap to buy them. Perhaps they need better marketing.
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12 March 2018, 01:02 AM | #13 |
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Without question imho.
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12 March 2018, 01:18 AM | #14 | |
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You shouldn't have to live on the forums like us to have a clue who they are. That is the case though. |
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12 March 2018, 01:51 AM | #15 |
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They need to hijack the current AP CEO. He is all about marketing
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12 March 2018, 02:16 AM | #16 |
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It’s a shame, they make superb watches but are relatively unknown. I guess good for the rest of us when buying one Pre-Owned
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12 March 2018, 03:07 AM | #17 |
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Marketing is nowhere near as good as the product which is exceptional. Pricing policy is clearly not right as you should not need to discount if you have your model tested thoroughly. Communication is of the "echo chamber" type - social media talking to existing enthusiasts who already know the story. There's a need for deeper storytelling and greater reach to give HNW individuals meaningful "social currency" for Lange, and therefore the confidence to buy.
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12 March 2018, 04:59 AM | #18 | |
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They are like VC they make a great product but either overprice them or don't allow discounts. Price exclusivity is not going to work, manipulating supply works so much better we have seen, but then people do have to know about you first. |
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20 March 2018, 10:17 AM | #19 | |
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Marketing is dismal. Pricing is dismal. Many pieces, while I do believe they are worth every penny, are overpriced relative to the market. This creates steep discounts, and thus scares buyers away due to expected / perceived value loss. The correct solution is to price above market, but only a bit above market. As opposed to leaving things at $180k when the market is truly $85k, and then forcing people to pay full (original) MSRP at brand-owned Boutiques (like AP is trying to do). As such, they need to revamp their marketing strategy *and* their business end of things with respect to pricing and distribution. They also make weird decisions with respect to opening new accounts with ADs, and should pick ADs that will help further develop the brand. That said, I'd be happy to run the show for them. They need only ask, and pay me enough, of course. ;) |
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20 March 2018, 10:54 AM | #20 |
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^
Until you comprehend that we’re less than 2% of the market, were residual value even matters, I think you can forget waiting by the phone for that call. If AL&S were struggling to sell the 5–6K pieces made each year, with ADs giving them an earful about being stuck with stock or unable to meet status-retention targets, then you’d see a different approach. As it is, it’s business as usual... |
23 March 2018, 02:19 PM | #21 |
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Just returned from HK where I went close to pulling the trigger on an 1815 chronograph. Interesting none of the *9 ADs have stock nor have even received the piece even though it’s released Jan last year.
The *2 boutiques have stock and I was offered a discount plus range of gifts. Finally walked away due to weak resale. Also viewed the new models released at SIHH. The SA said policy is no discount in the 1st year of release. As a comparison, the previous WG model (new with open papers) was available at -30% at grey dealers. Some ADs also have stock but didn’t talk prices as I’d settled on the black dial. As an aside, my local AD has one coming but refused to entertain discounts. Told him situation with boutique but still wouldn’t move. U can guess how the conversation ended: chuckle. Someone mentions VC. For anyone not having been in HK recently, VCs are everywhere (boutiques, # sales points, window display, signage etc). Not sure re pricing policy since didn’t make any enquires. Sent from my iPhone using Tapatalk |
23 March 2018, 02:53 PM | #22 | |
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Which 1815 chrono? I know of a good Lange AD in HK and can introduce to you if you are interested.
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23 March 2018, 03:14 PM | #23 |
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24 March 2018, 02:45 PM | #24 |
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While I generally agree with you about VC (despite making gorgeous watches, their pricing is too high in most cases, especially for their higher end and platinum models, although they do seem to be getting a bit better with their newer releases) I don't totally agree with you about Lange. Yes, some of their watches are priced a bit high compared to other Langes (e.g., the Lange 1s), but some are priced too low (e.g., the 1815 Chronographs and the Saxonia Moonphase) compared to their brand brethren. All, however, are priced considerably lower than Patek and Lange's quality is superior.
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1 April 2018, 01:43 PM | #25 |
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4/1 tomorrow, let’s see if my ADs weren’t blowing smoke
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1 April 2018, 05:01 PM | #26 |
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The new US price list is out. There are modest price rises on some, but not all models. I would post a link, but I can't as my post count is too low. The new price list is at PuristSPro. Click the Lange tab and the price list is in the thread "ALS Worldwide Price Increase?"
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1 April 2018, 09:52 PM | #27 | |
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Authorized Dealer in the Philippines has increased prices effective April 1. Sent from my iPad using Tapatalk |
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3 April 2018, 02:09 AM | #28 |
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what's resale on the current 1815 chrono (not datograph)? have many used ones been sold? i can't seem to find any data.
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3 April 2018, 03:47 PM | #29 |
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The one I bought on 30th March went up over USD10k. Ouch!
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3 April 2018, 04:01 PM | #30 |
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