4% global price increase on all new Pateks effective June 1st, 2019

[Sam Philip]

Originally Posted by Louribal

Hopefully my AD will take the hit! We’ll see

It all depends on the AD. My AD refunded me when Patek reduced their prices in 2015.

[ragsk]

Originally Posted by bonsai-man

Not quite low and steady for 4 years, at least in the UK

Mar 2015 - 10% decrease all models
Aug 2016 - 10% increase all models
Sep 2017 - 5.5% increase all models
Mar 2018 - 20% 5711a and 5712a only
Jun 2019 - unconfirmed

The last few apart from the 20% 5711 increase, were all largely as a result of Sterling falling in value.

[bonsai-man]

Originally Posted by ragsk

The last few apart from the 20% 5711 increase, were all largely as a result of Sterling falling in value.

Let’s hope the pound doesn’t recover anytime soon then. Just another small 4% increase in June as announced then, unless Brexit changes something.

[Russell996]

Originally Posted by bonsai-man

Let’s hope the pound doesn’t recover anytime soon then. Just another small 4% increase in June as announced then, unless Brexit changes something.

If you are in the UK then you want the pound to recover.

[ragsk]

Originally Posted by Russell996

If you are in the UK then you want the pound to recover.

Depends. Yes if you are buying. Not if you already have a large watch portfolio and may offload a few over time.

[Russell996]

Originally Posted by ragsk

Depends. Yes if you are buying. Not if you already have a large watch portfolio and may offload a few over time.

Thread is about Patek list price movements not how exchange rates might affect selling existing pieces.

[np2016]

I doubt most of us on this forum would complain even with a 5%-10% increase if we could get the timepieces we want within a few days. I sure as hell would take a 10% increase for a 5712 by this weekend.

[rollyp]

Originally Posted by bonsai-man

Not quite low and steady for 4 years, at least in the UK

Mar 2015 - 10% decrease all models
Aug 2016 - 10% increase all models
Sep 2017 - 5.5% increase all models
Mar 2018 - 20% 5711a and 5712a only
Jun 2019 - unconfirmed

I didn't notice you're in the UK, sorry. Here in the states we had a 7% price cut in Jan/Feb 2015 and nothing since, other than the Nautilus 20% hike.

[WatchLurv]

Is this US only or worldwide?

[bonsai-man]

Originally Posted by WatchLurv

Is this US only or worldwide?

I understand its worldwide, but it’s not confirmed if its 4% on all models or if some will be higher or lower. Personally, I am expecting 10-20% or more on the steel 5167a and 5164a to bring them back into line with the latest pricing, although the 5167a was previously the cheapest PP model.

Currently these 2 models have 20% lower price gap in relation to the other steel Aquanaut and Nautilus range and they never used to be. Prices in the grey market would suggest a correction like the 5711 had, but we will see what PP do in June.

[WatchLurv]

Originally Posted by bonsai-man

I understand its worldwide, but it’s not confirmed if its 4% on all models or if some will be higher or lower. Personally, I am expecting 10-20% or more on the steel 5167a and 5164a to bring them back into line with the latest pricing, although the 5167a was previously the cheapest PP model.



Currently these 2 models have 20% lower price gap in relation to the other steel Aquanaut and Nautilus range and they never used to be. Prices in the grey market would suggest a correction like the 5711 had, but we will see what PP do in June.

I have a 5711R due in May. Better hope it comes in time before increase so I can clear that off. Don’t want to pay 4% more for “nothing”


Sent from my iPhone using Tapatalk

[Rushne]

Originally Posted by WatchLurv

I have a 5711R due in May. Better hope it comes in time before increase so I can clear that off. Don’t want to pay 4% more for “nothing”


Sent from my iPhone using Tapatalk

Yeah fingers crossed for you buddy.
I got mine last month and before I picked it up there were rumours about prices increases so know how you feel.

[AK797]

Originally Posted by bonsai-man

I understand its worldwide, but it’s not confirmed if its 4% on all models or if some will be higher or lower. Personally, I am expecting 10-20% or more on the steel 5167a and 5164a to bring them back into line with the latest pricing, although the 5167a was previously the cheapest PP model.

Currently these 2 models have 20% lower price gap in relation to the other steel Aquanaut and Nautilus range and they never used to be. Prices in the grey market would suggest a correction like the 5711 had, but we will see what PP do in June.

Yes, likely the Aquas will get larger rises than 4 percent.

[bonsai-man]

Originally Posted by WatchLurv

I have a 5711R due in May. Better hope it comes in time before increase so I can clear that off. Don’t want to pay 4% more for “nothing”


Sent from my iPhone using Tapatalk

5711r is great, allocations can come in at anytime, hope it works out for you.

[CoveWatch]

My AD confirmed the increase as well and with my luck, mine will come after it

[ts3]

Reminds me of my 5711 last July but if any of the pieces I would like to add came through for me at the AD I would not hesitate, 4% price increase or not...

[watchbowl]

Originally Posted by AK797

Yes, likely the Aquas will get larger rises than 4 percent.

New price for the 5167 is about £15100. My AD showed me the new price list briefly on his phone

[Passionata]

Originally Posted by watchbowl

New price for the 5167 is about £15100. My AD showed me the new price list briefly on his phone

Is it more than 4?sorry but don t know what is the msrp now in gbp

[AK797]

Originally Posted by watchbowl

New price for the 5167 is about £15100. My AD showed me the new price list briefly on his phone

Did you see 64?

WTF? Just seen Chronext now asking £43K for it! This was supposed to be the reasonable premium one.

https://www.chronext.co.uk/patek-phi...iABEgKcUvD_BwE

[Codik]

I too am interested in the 5164A price because I suspect the one I am waiting for (and is due in November latest) will miraculously be delivered on 2 June.

[AK797]

Originally Posted by Passionata

Is it more than 4?sorry but don t know what is the msrp now in gbp

£14.5k so looks like no.

[Passionata]

Originally Posted by AK797

£14.5k so looks like no.

Thanks Pal

[Lukasz23212]

what about all Calatrava models? increase will be 4% or more?

[enjoythemusic]

Are they now including a proper five year warranty to show they stand behind their quality as Rolex does?

[watchbowl]

Originally Posted by AK797

Did you see 64?



WTF? Just seen Chronext now asking £43K for it! This was supposed to be the reasonable premium one.



https://www.chronext.co.uk/patek-phi...iABEgKcUvD_BwE

No didn’t see it but it won’t be more than 4%

[bonsai-man]

Originally Posted by enjoythemusic

Are they now including a proper five year warranty to show they stand behind their quality as Rolex does?

No, only 2 years but why would you need more than 2 years warranty. All Patek’s must be served every 3-5 years if worn fairly often just to keep them running.

I left it 3.5 years and my 5167 broke but it’s easily fixed with full service, which is more reasonable than most other brands

[Mini2]

Originally Posted by bonsai-man

No, only 2 years but why would you need more than 2 years warranty. All Patek’s must be served every 3-5 years if worn fairly often just to keep them running.

I left it 3.5 years and my 5167 broke but it’s easily fixed with full service, which is more reasonable than most other brands

Personally the 5 year warranty would be perfect.
Add it into the costing of the watch

Hearing your watch broke after 3.5 years is surprising

[bonsai-man]

My AD also confirmed today 3-4% all of the range, saw the list on her phone.

[Lukasz23212]

Originally Posted by bonsai-man

My AD also confirmed today 3-4% all of the range, saw the list on her phone.

3% for calatrava models?

[torrente]

I just called to the AD where I have ordered a 5196 and they confirmed a price increase in June, they do not know the exact amount yet but they estimate 3%-5%.