50 Patek ADs cut!

[Sam Philip]

Originally Posted by danestaff

Let's be fair about it how many Ads do they need around that area, they have 155, mappin opposite, WIS on Oxford St, and they are all very dismissive of anyone new going in

On a selfish note asking as my AD is still going strong I'm a happy bunny

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Now no Patek AD in Wales

[danestaff]

Originally Posted by Sam Philip

Now no Patek AD in Wales

But plenty of

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[Rwatcher]

Originally Posted by danestaff

But plenty of

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[jon_jon]

Patek AD "pruning" happens regularly every year. I am interested in hearing the reason why an AD was cut, although it is almost impossible to know the real reason.

[enjoythemusic]

Originally Posted by subtona

They opened a Patek AD only a few months ago in soho manhattan.

"Watches of Switzerland"

Actually that's a Mayors store (sister company or some such). Forget about any list or getting anything you request from Mayors as they have too many customers now to bother with anyone new who only buys a few watches it seems.

[kingofthehill]

As a wholesaler to ADs, perhaps it is possible that PP are receiving pushback from ADs (i.e. their clients) on their stock levels for demanded pieces and the relative impact on their revenues. It was not long ago that it was mentioned that PP were asking ADs to invest in their in-store displays also.

[JR16]

Originally Posted by tng11

Yup. This is the AD I have deposits with. Trying not to panic at the moment.

As long as the AD isn’t going out of business, you should be fine and get your deposit back.


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[77T]

Maybe a better way of stating the dealer churn is that some declined renewing their contracts, some were not renewed at PP’s discretion, and others were cutoff for some cause.

If 50 are/were removed - does anyone know the number of new additions in 2018? The net-net may still be fewer ADs - but nothing like the 10+% drop that the headline suggested.


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[Fat_ninja]

Originally Posted by turborolex

Are you in NJ?


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I thought he was in canada lol

[Russell996]

Originally Posted by tng11

Shit. Just decided to check an AD I have a deposit with. No longer on that list.

I've never heard of Patek AD's taking a deposit, is this common?

[Fat_ninja]

Originally Posted by Russell996

I've never heard of Patek AD's taking a deposit, is this common?

Ive never heard of one neither

[Fat_ninja]

Cliffside park only has calatravas, 24 and a pilot. And wont discount...

No dumpster diving for me.

[yoast]

Looks like they are reorganising a bit... many models discontinued and now cutting AD's?
Could be a good thing, actually....

[CamSLC]

Interesting. Glad my local AD is still listed.

[Helmi]

Originally Posted by Russell996

I've never heard of Patek AD's taking a deposit, is this common?

That AD was taking deposits to ensure seriousness from both sides. They are really good people. I was happy customer. Now I am patek AD-less. So disappointed. Now need to start new AD relationship.





_______________________________________________
Instagram: @mydream_watches

[Ahfe]

So I heard good and bad news from both sides.
BAD - The AD that were dropped had only one call on Tuesday morning with no explanation, just a decision made in Geneva.
GOOD - They dropped supposedly 12.5% of AD, and current AD will get more allocations.

[Sam Philip]

Originally Posted by Russell996

I've never heard of Patek AD's taking a deposit, is this common?

Originally Posted by Fat_ninja

Ive never heard of one neither

I think asking for a deposit depends on the AD

David M Robinson used to take deposits and Boodles some times request deposits from new clients.

[PJ S]

Originally Posted by danestaff

But plenty of worried

Fixed your omission...

[hothothaven]

Somehow our one in Iowa City Iowa survives!

[danestaff]

Originally Posted by PJ S

Fixed your omission...

But how

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[AshAP]

Originally Posted by Sam Philip

I think asking for a deposit depends on the AD



David M Robinson used to take deposits and Boodles some times request deposits from new clients.

I think this is it, I have a 35 year relationship with the AD for my 5711 with zero deposit but the same AD asked my pal for a deposit on an aquanaut but he’s never bought from them previously and he thought it was a reasonable request.


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[AAP8]

Originally Posted by hothothaven

Somehow our one in Iowa City Iowa survives!

Only one for a large area - thats how - except in some of the bigger cities - there is like 1 AD per state - for Patek having a presence in every US state with 1 AD makes sense as there is at least 1 AD's worth of people in every state likely to buy Pateks.

[Fleetlord]

Good move. The best brands cull their channel periodically.

Patek is creating more exclusivity and feasting from the FOMO it generates....

[Sam Philip]

The Patek website lists 422 ADs and I can recall they had 438 ADs so only 16 were dropped?

[AlyRba]

My AD was cut. I was on the waitlist for both 5712 and 5167 and supposed to receive them in second half of this year. Really disappointed. In today's market, no other AD will be willing to work with me unless I purchase an annual calendar or a worldtime first. To say I am beyond devastated will be putting it lightly.

[Ahfe]

Originally Posted by Sam Philip

The Patek website lists 422 ADs and I can recall they had 438 ADs so only 16 were dropped?

No, they added so many last year so the overall list had 50 AD dropped, so they must have added 34 new ones last year.

[tng11]

Originally Posted by AlyRba

My AD was cut. I was on the waitlist for both 5712 and 5167 and supposed to receive them in second half of this year. Really disappointed. In today's market, no other AD will be willing to work with me unless I purchase an annual calendar or a worldtime first. To say I am beyond devastated will be putting it lightly.

At least we have our health and other pieces to enjoy. I'm a little sad, but I wouldn't say "devastated". Life goes on without another Nautilus in the collection.

[turborolex]

Originally Posted by tng11

At least we have our health and other pieces to enjoy. I'm a little sad, but I wouldn't say "devastated". Life goes on without another Nautilus in the collection.

Did you get your deposit back?


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[SMD]

Originally Posted by benlee

Is Patek following AP going to direct sales to consumers?

This would be much more difficult for Patek. They have way more points of sale than AP ever had. Not even close.

[SMD]

Originally Posted by Russell996

I've never heard of Patek AD's taking a deposit, is this common?

Happens in the US. I did it with a well known Patek AD a few years ago.