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11 February 2019, 04:42 AM | #121 | |
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China in my mind should have like 20% to 1/3rd of the stores. |
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11 February 2019, 07:09 AM | #122 |
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I also think Patek is getting more strict about in-store presentation (a la Rolex) and will be focusing on the AD boutiques.
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11 February 2019, 07:10 AM | #123 | |
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It still tends to be a bit disjointed with window displays and transitioning to in store "mini" boutiques though as everything isn't all together for any brand if you count what's also in the window If they lose their AD status though, i quit. seriously
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11 February 2019, 08:15 AM | #124 | |
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11 February 2019, 08:51 AM | #125 | |
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Ditto. Within the past year my AD renovated to create a Patek “space”. It started w Rolex... then Patek then Cartier . This may be the way of the future if ADs want to keep the big manufactures Sent from my iPhone using Tapatalk Pro |
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11 February 2019, 08:14 PM | #126 |
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This is discussed above. Mine is already off the Patek website but it appears from other posted that others have been cut but still showing on Patek.com. No list of those cut of which I am aware.
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11 February 2019, 11:24 PM | #127 |
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12 February 2019, 01:39 AM | #128 |
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So what happens to unsold pieces?
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12 February 2019, 01:55 AM | #129 |
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12 February 2019, 02:28 AM | #130 |
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In the case of my AD that was cut, they have to ship all unsold inventory back by Feb.15th.
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12 February 2019, 03:04 AM | #131 |
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You know what is so sad? The smaller local jewelers are the ones that are cut.. I know of an AD who sells his watches for grey market prices straight up, and he discounts the low demand models and guess what, he is still on their list for both Rolex and Patek. My ad was a true gent, you can't believe how many apologies I got just because they couldn't deliver my watch, while the big ones just talk down on you. I contacted a new AD, and he kept laughing at me when I told him what I want, and when I told him I am not a newbie he told me they all say that. So sad, I felt humiliated just asking for what I like to buy with my money, it wasn't like he was giving it to me for free or discount.. oh well, c'est la vie!
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12 February 2019, 07:00 AM | #132 |
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I thought the ADs had to purchase the stock and if they were responsible for selling. If they have to have stock out of the store is Patek refunding their purchase?
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12 February 2019, 07:17 AM | #133 | |
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No idea where my AD's AP stock went on Jan 1 when they no longer were an AP AD... they had a lot of high dollar watches and they are gone. They were still there dec 26th when i tried a bunch on. I kind of dont think AP bought them back so they may have gone to a broker or secondary dealer. They still wouldn't sell me one at cost so they got more for them from someone, probably goes like this... They all get sold in bulk to a dealer with active warranties the last day they are an AD. The dealer then sells them on as preowned watches that originally came from an AD so the COO is valid....unless the AD contract with the brand says otherwise, like they have the right to purchase back at 'X' price.
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12 February 2019, 07:33 AM | #134 | |
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Quote:
Also for any stores that are multiple branches - might just shift branches. |
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12 February 2019, 09:00 AM | #135 |
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12 February 2019, 09:42 AM | #136 |
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12 February 2019, 03:50 PM | #137 | |
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In a sense if someone had a relationship there they still have it with the chain, just at a different location most likely
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Instagram: tyler.watches current collection: Patek 5164A, Patek 5524G, Rolex Platinum Daytona 116506, Rolex Sea Dweller 43 126600, Rolex GMT II 116710LN, AP 15400ST (silver), Panerai 913, Omega Speedmaster moonwatch, Tudor Black Bay (Harrods Edition) |
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12 February 2019, 04:05 PM | #138 | |
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My only hope is my local AD who has asked for a purchase in the past to be considered for a Nautlius or an Aquanaut. It seems I will have to purchase a hard-to-move watch at full price to get a real shot at the 5164 and 5712. I am still waiting to hear back on when they can get me a 5712 and/or 5614 and what will that require. If the proposal is ridiculous, I will seriously contemplate on giving up on Patek for the next few years and only focus on brands like Lange, VC, and Journe, whose non-sport offerings are far superior to Patek, especially below the $50-60k range. |
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12 February 2019, 09:59 PM | #139 | |
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I spoke to an owner of a small independent AD who invested significant amount of money creating a showcase area for Patek. He mentioned that his allocation this year for Nautilus/Aquanaut was less compared to last year and he was not getting any models such as 5980R, 5980AR, 5712G etc. He didn't loose his AD status this time but worried that he may lose it in the next couple of years. |
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13 February 2019, 01:52 AM | #140 |
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13 February 2019, 02:06 AM | #141 | |
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Instagram: tyler.watches current collection: Patek 5164A, Patek 5524G, Rolex Platinum Daytona 116506, Rolex Sea Dweller 43 126600, Rolex GMT II 116710LN, AP 15400ST (silver), Panerai 913, Omega Speedmaster moonwatch, Tudor Black Bay (Harrods Edition) |
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13 February 2019, 08:35 AM | #142 | |
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I ve always thought these refs what PP loves to sell ,PM w high margin.interesting but from calatravas noone can make his living .
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13 February 2019, 08:47 AM | #143 |
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13 February 2019, 09:14 AM | #144 |
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My US AD was unfortunately cut. They were a family run AD in the Midwest and it’s disappointing to these these family run shops cut as they invest a lot in the brands, etc. they have been very good to me and thankfully I have gotten most of what I wanted so I’m happy in that regard but feel bad for them in general. Good people.
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14 February 2019, 12:23 AM | #145 |
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14 February 2019, 01:42 AM | #146 |
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14 February 2019, 03:37 AM | #147 |
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I don’t use an AD, I prefer pre-owned.
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14 February 2019, 04:17 AM | #148 |
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14 February 2019, 05:01 AM | #149 |
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Just to be sure - in order to put me on a 2- or 3-year waitlist for a very desirable piece Razny would ask for 50% upfront?
I would have some sympathy if ADs requested a 10% deposit to make sure potential buyers are serious (and don't get in line for the same piece at a multitude of ADs), but 50% is completely unreasonable IMHO. Will they work w that money for free? Is the money in escrow and at least protected against them going belly up? Luckily I have never heard of any deposits over here... |
14 February 2019, 05:28 AM | #150 |
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