Are ADs offering discounts?

[norcalgt3]

Is anyone getting discounts on ladies or men's pieces in cases?

[Ichiran]

Those in cases are not for sale. That 5212 you told me about was not available. There is no discount on any Patek today.

There is no available Patek in my country. I just came back from Kansai and there is none too. Zero inventory. Zilch.

[bob101]

Price increases yes, discounts never sadly..

[norcalgt3]

Originally Posted by Ichiran

Those in cases are not for sale. That 5212 you told me about was not available. There is no discount on any Patek today.

There is no available Patek in my country. I just came back from Kansai and there is none too. Zero inventory. Zilch.

Hm, tough to believe ADs have no tough to sell inventory ready to buy where you are because few are lining up to buy twenty four collection series watches. Maybe they are playing the artificial scarcity game.

[Ichiran]

Originally Posted by norcalgt3

Hm, tough to believe ADs have no tough to sell inventory ready to buy where you are because few are lining up to buy twenty four collection series watches. Maybe they are playing the artificial scarcity game.

It's tougher to believe your AD has 5212 available for walk-in customers. I have confirmed and they do not have any for me.

[norcalgt3]

Originally Posted by Ichiran

It's tougher to believe your AD has 5212 available for walk-in customers. I have confirmed and they do not have any for me.

Many ADs will ask if you're local and want to meet in person before divulging inventory and allowing you to purchase. Come to california, and I'll give you a tour.

Again, I have pictures of models that are clearly marked reserved (display only) and for sale models that are open for direct purchase (which as you can guess are readily obtainable without premiums from grey).

[Ichiran]

Originally Posted by norcalgt3

Many ADs will ask if you're local and want to meet in person before divulging inventory and allowing you to purchase. Come to california, and I'll give you a tour.

Again, I have pictures of models that are clearly marked reserved (display only) and for sale models that are open for direct purchase (which as you can guess are readily obtainable without premiums from grey).

I have wasted enough time emailing and then calling Chong Hing for a watch you claimed they have available. There was none. I'm not going to waste anymore time on misinformation.

[norcalgt3]

Originally Posted by Ichiran

I have wasted enough time emailing and then calling Chong Hing for a watch you claimed they have available. There was none. I'm not going to waste anymore time on misinformation.

Agreed on my end as well.

[Partekular]

The AD’s are - sensibly - being made to hold stick samples from which to sell by (add you to their lists).

It’s a reaction to the absurdity of going into an AD and not even being able to see a watch! This must drive customers away.

I have heard rumours about Rolex Certified as Preowned being sold by Bucherer 30% above MRSPs - possibly ex-showroom stock…. That would hurt the Grey Marketeers ? No idea if this is true …

[Ubiquitous1984]

When I picked up my latest PP last summer, my AD had zero men's PP watches. Ziltch. I had no reason to disbelieve this AD who I have built a solid relationship with. If there is no stock then they'll definitely be no discount!

[Yobrooks]

My AD had 1 lady's twenty 4 for sale.. That's it; demand for patek is still incredibly strong despite Rolex demand softening just a bit.

Sent from my SM-N986U using Tapatalk

[JoeJoeBobo]

Originally Posted by Yobrooks

My AD had 1 lady's twenty 4 for sale.. That's it; demand for patek is still incredibly strong despite Rolex demand softening just a bit. [B][/B]

Sent from my SM-N986U using Tapatalk

Maybe due the 10-1 production year to year.

[brandrea]

Originally Posted by Ichiran

It's tougher to believe your AD has 5212 available for walk-in customers...

I’d have a hard time believing that as well

[Rolexavidfan]

5212 is such a hot item - I don’t think it’s readily available for sale. Yes, no discount in our AD nowadays.


Sent from my iPhone using Tapatalk

[llngoc]

Originally Posted by Partekular

The AD’s are - sensibly - being made to hold stick samples from which to sell by (add you to their lists).

It’s a reaction to the absurdity of going into an AD and not even being able to see a watch! This must drive customers away.

I have heard rumours about Rolex Certified as Preowned being sold by Bucherer 30% above MRSPs - possibly ex-showroom stock…. That would hurt the Grey Marketeers ? No idea if this is true …

I thought only watches of 3+ years can be qualified for Rolex CPO?

[Russell996]

Originally Posted by Partekular

I have heard rumours about Rolex Certified as Preowned being sold by Bucherer 30% above MRSPs - possibly ex-showroom stock…. That would hurt the Grey Marketeers ? No idea if this is true …

AD's sell showroom stock as new, even 'not for sale display' becomes for sale new stock when they get replacement 'not for sale display' stock. It has always been thus, Rolex and Patek.

[uniqueMR]

New policy since late 2019, early 2020: no discount on Pateks.

[ButtButt]

Originally Posted by Ichiran

There is no available Patek in my country. I just came back from Kansai and there is none too. Zero inventory. Zilch.

Same thing I've heard... my AD manager said Dec was really slow due to holidays and factories being on break. They are waiting on shipments to arrive so they can fulfill some past orders. They have absolutely nothing for sale, not even diamond encrusted watches for ladies. I have been bugging him for a 5326G for a while now

[np2016]

No discounts and no inventory at my local AD. All they have are exhibition pieces not for sale.

[Partekular]

Originally Posted by llngoc

I thought only watches of 3+ years can be qualified for Rolex CPO?

I read that too - but Rolex have been said to plan to hold their “not for sale’ watches for 3 years then move them over to the Certified as Pre Owned market - I was suggesting PP may have decided to follow the same route. That way they could keep stock for customers to see as opposed to photos in a catalogue and then sell them later, perhaps taking advantage of the higher grey market prices.

[Partekular]

Originally Posted by Russell996

AD's sell showroom stock as new, even 'not for sale display' becomes for sale new stock when they get replacement 'not for sale display' stock. It has always been thus, Rolex and Patek.

But the ADs have had no stock beyond a small number of pieces for the last two years or so. Enforcing stock not for sale requirements on ADs, desperate to sell any PP’s they hold, gets around this. Must have been frustrating having a special PP room and no watches in them!

[thanyasr]

I visited 3 ADs in japan this week and 2 ADs in hong kong last week. None of them has any stock for sales.

Btw, i got a rolex from rolex AD in hong kong

[jcatral14]

Back around 2013-14 you can walk in most Patek ADs and come out with a 5711 with at least a 10% discount. Aquanaut? How many do you want? Lmaoooo

Times have changed lol

[trackingtime]

lol discount.
you can get the catalog for free tho

[eskiserkan]

I got no discount for my 6119G & 5172 Salmon. Most of the time nothing is available in Patek other than 5227 and some ladies calatrava. Even from the complications range Ads getting only two pieces each year.

[llngoc]

Originally Posted by jcatral14

Back around 2013-14 you can walk in most Patek ADs and come out with a 5711 with at least a 10% discount. Aquanaut? How many do you want? Lmaoooo

Times have changed lol

How I wish I can travel freely back and forth in time...

[HMHM]

I would be really surprised if there are any men’s Patek that is available on walk in with a discount. Maybe I’m just at the wrong place at the wrong time, but hearing people getting steel sports Rolex on walk in really makes me wonder how real it is as well.

[ButtButt]

Originally Posted by HMHM

I would be really surprised if there are any men’s Patek that is available on walk in with a discount. Maybe I’m just at the wrong place at the wrong time, but hearing people getting steel sports Rolex on walk in really makes me wonder how real it is as well.

I could see Rolex happening maybe if you get lucky with timing or a SA or pick one of the god awful TT versions. Patek really feels infinitely harder.

[Tricolore66]

Secondary market prices are dropping closer and closer to MSRP. I’m curious if you’d even get MSRP back if you traded one in to a dealer today. I certainly wouldn’t buy one at MSRP without the expectation that I’d ever be able to get that back. I love it, and want one, but it’s a quirky piece that doesn’t appeal to everyone.

Originally Posted by Rolexavidfan

5212 is such a hot item - I don’t think it’s readily available for sale. Yes, no discount in our AD nowadays.


Sent from my iPhone using Tapatalk

[LJubel328]

I was offered a couple different references over the last month, no discount though (just the opportunity to “build my Patek relationship”). What’ll be interesting is how the price increase coming February 1 will affect AD demand.

Someone else mentioned the 5212’s unavailability yet two are sitting in the lows 40s new on the secondary (before negotiating lower). Once the February price hike comes in to effect, the gap between MSRP and the secondary price will close which will put a true test on the Patek’s current customer base (i.e. whether customers will continue buying at ADs if they can buy the exact reference on the grey market for less). It is plausible Patek wanted this so they could capture more of the secondary price.

An example of this is the new 5270p. An unworn example on EWC for 209 that is now “on hold” so there are still buyers out there. Another is a new 5370p available for 205, a reference my AD made me bend over backwards and beg for (and even then was turned down). Yet, I can readily have it for 25% lower than MSRP right now.

Call me crazy but I see discounts coming back for these higher complication references. It’ll take some time to cycle through the system but I think discounts that used to be had pre-2020 will return in the near future.


Sent from my iPhone using Tapatalk