ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX
23 January 2023, 03:59 AM | #31 |
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This. Without overstepping / over sharing I have been told PP are focusing their efforts towards larger markets (e.g. New York, Chicago, Miami, Etc.). The smaller markets (like here in Indianapolis, IN) are doomed.
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23 January 2023, 07:40 AM | #32 |
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The bundles and other nonsense help Patek shift the production they’re making that nobody wants.
A lot of the Swiss watch industry is organized this way at least for any brands with pieces people actually want. Rarity is part of (or most of) the value. It will be the same even if it’s all boutique because it has to be. Look at AP and see the threads there with people buying Code models to get access to the pieces they really want. I’d love to have a RO ceramic, but I’m not going to buy a bunch of junk from a boutique just to have AP close it on me and then poof… you’re off the list. It was good having Patek pull the rug out. Nowadays it seems much easier to just get exactly what you want from a gray dealer. |
23 January 2023, 08:09 AM | #33 |
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Do you know why they are shunning smaller markets? There is no clear logic to me to do that.
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23 January 2023, 08:17 AM | #34 |
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Seems reasonable to me. If you have the means to buy a Patek you have the means to travel to any large city to buy one. Why have limited inventory spread out around a lot of locations?
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23 January 2023, 10:02 AM | #35 | |
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Quote:
At least, I believe that the first case isn't a bad deal (especially if overall the Naut/Aqua balances in profit what the classical model substracts in loss). But the second case... |
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23 January 2023, 11:53 AM | #36 |
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Different countries have different AD policies. For example, in Taiwan, every Patek AD "bundles". And they come out directly to tell you, you need spend this amount to get this watch. Of course, when I speak to the Patek distributor of Taiwan, they claim they are not aware of any business practices as such. Luckily, my AD in Los Angeles does not operate like that
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23 January 2023, 11:57 AM | #37 |
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23 January 2023, 01:44 PM | #38 | |
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Quote:
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23 January 2023, 05:48 PM | #39 |
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I've yet to flip a dealer bought piece. Unlike Rolex, Patek seems to care and punish those who flip (YMMV ofcourse) soon after purchase and it allows people to register their timepieces via their website. So assuming the new owner registers the watch, it's easy to see it's been rehomed.
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23 January 2023, 08:41 PM | #40 |
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24 January 2023, 12:08 AM | #41 |
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Of course bundles aren't good. But there are differences among ADs and especially Salons.
If a Salon says "well we don't have enough Naut/Aqua (this is the key point, otherwise, it's just bundle), hence we have to select who we are going to give it to". I think that "rewarding" people who already spent significant sums of money on classical models is natural. I believe we would be many here to be unpleased if, after buying several watches over several years, we were refused a Naut that would go on a frist time buyer. This is no bundle to me but just selecting on the basis of who spent the most, especially when times didn't reward speculation. What alternative is there? This is the dilemma for the brand. |
24 January 2023, 12:22 AM | #42 | |
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Quote:
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24 January 2023, 02:35 AM | #43 |
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Indeed Starship, this is what I understood as well. They also think about the future, when times can be less favorable for the watchmaking market and they don't want to have turned away clients that couldn't be served as they wished. I understand they'll try to balance between bigger and smaller clients.
However, my experience, without going into details, has shown that reality might be a little different. But for sure showing interest on the long run is a big "plus" and will be better taken into account. |
24 January 2023, 02:45 AM | #44 |
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26 January 2023, 12:20 AM | #45 |
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+1
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26 January 2023, 12:41 AM | #46 |
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Patek has or never will have a problem selling product because retailers have to buy from them. The ones who 'might' have problems are the organisations which haven't got the cashflow to float stock not selling like your family independents
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