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Old 18 January 2020, 03:01 PM   #31
Ichiran
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They care, but they are not omnipotent and need some help with that.
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Old 18 January 2020, 03:03 PM   #32
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They care, but they are not omnipotent and need some help with that.
Sure, they care, but they don't care enough to truly do something about it.

Unlike the automotive industry (in the US) where the power of franchise dealers is protected by laws and lobbyists, the watch industry doesn't have that. Patek can easily pull support and/or adjust allocations as they see fit.

They don't.

It's been a problem for years. If they really wanted to do something about it, something would've been done by now.
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Old 18 January 2020, 03:04 PM   #33
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Sure, they care, but they don't care enough to truly do something about it.

Unlike the automotive industry (in the US) where the power of franchise dealers is protected by laws and lobbyists, the watch industry doesn't have that. Patek can easily pull support and/or adjust allocations as they see fit.

They don't.

It's been a problem for years. If they really wanted to do something about it, something would've been done by now.
If you feel very strongly about this, you can lend a hand. They will appreciate this.
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Old 18 January 2020, 03:05 PM   #34
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If you feel very strongly about this, you can lend a hand. They will appreciate this.
I'd be happy to, if they would allow me.

I'll humbly submit my candidacy for CEO of Patek.

Mr. Stern can enjoy the finer things in life as a result. :)
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Old 18 January 2020, 03:19 PM   #35
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Yeah, I don't honestly think Patek cares, despite the lip-service they pay this problem in public. Mr. Stern says he cares.

But their actions say otherwise. When I continue to see brand new, unworn, fully stickered (and even fully sealed, in the case of PP) Rolexes, Pateks, and APs, year after year, you know those three manufacturers don't truly care.

Somehow, they probably see this as a good thing in terms of inflating values and generating hype.
I agree, sad as it is for many genuine buyers. They likely care only when forced to by overt and egregious AD conduct perhaps.
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Old 18 January 2020, 03:44 PM   #36
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It’s also the environment fueled by hype being a factor but not really to blame. These cycles happen when a few references catch the attention of many. The hype permits one to optimize their collection and possibly create more trades at a premium. But since it is cyclical, there is nothing much we can do.
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Old 18 January 2020, 05:44 PM   #37
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J browns?
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Old 18 January 2020, 05:49 PM   #38
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J browns?
What about them? :)
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Old 18 January 2020, 10:27 PM   #39
The Argonaut
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It’s also the environment fueled by hype being a factor but not really to blame. These cycles happen when a few references catch the attention of many. The hype permits one to optimize their collection and possibly create more trades at a premium. But since it is cyclical, there is nothing much we can do.

Absolutely. Buckle up, ride it out.


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Old 19 January 2020, 12:03 AM   #40
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Sure, they care, but they don't care enough to truly do something about it.

I'm in this camp as well. It wouldn't be too hard to troll the 5 or so big grays, see where all of the pieces are mostly coming from, and shut those down. I bet its a pretty consistent handful. And this dealer in question was certainly not one of those in my experience, no way.




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Old 19 January 2020, 01:05 AM   #41
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What about them? :)


Was wondering if that’s who we are talking about here? Just throwing guesses. No evidence whatsoever.
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Old 19 January 2020, 01:38 AM   #42
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Nawww , Ginger bread man I would not say who it is - not fare to a great AD - it might not even happen, I am praying. Don’t want people to even guess who - can cause much trouble for US Ad’s. If it happens, we will know then. Thanks
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Old 19 January 2020, 09:11 AM   #43
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Yeah, I don't honestly think Patek cares, despite the lip-service they pay this problem in public. Mr. Stern says he cares.

But their actions say otherwise. When I continue to see brand new, unworn, fully stickered (and even fully sealed, in the case of PP) Rolexes, Pateks, and APs, year after year, you know those three manufacturers don't truly care.

Somehow, they probably see this as a good thing in terms of inflating values and generating hype.
Could not agree more !! +1.
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Old 20 January 2020, 09:42 PM   #44
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I did not hear anything about some models' upcoming suspension at my AD.
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Old 20 January 2020, 09:55 PM   #45
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Was wondering if that’s who we are talking about here? Just throwing guesses. No evidence whatsoever.
Ohh. Right, right. Apologies, I was slow that day.
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Old 20 January 2020, 09:55 PM   #46
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I did not hear anything about some models' upcoming suspension at my AD.
Different thread on this, but you can be certain Patek will kill a few and launch a few this year. It's generally an annual thing. :)
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Old 24 January 2020, 05:37 AM   #47
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Just heard another big AD in my area will no longer be a PP dealer. And there is no chance these guys are up to no good, they never even give discounts. On ANYTHING!
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Old 24 January 2020, 11:47 AM   #48
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Old 24 January 2020, 11:53 AM   #49
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Just heard another big AD in my area will no longer be a PP dealer. And there is no chance these guys are up to no good, they never even give discounts. On ANYTHING!
Is it Tiffanies?
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Old 24 January 2020, 01:10 PM   #50
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Is it Tiffanies?


Negative.


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Old 24 January 2020, 01:20 PM   #51
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Negative.


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One can hope.

Sorry for ur loss
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Old 25 January 2020, 02:57 AM   #52
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One can hope.

Sorry for ur loss


Still a couple remaining.


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Old 25 January 2020, 03:22 AM   #53
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Is it Tiffanies?
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Old 14 July 2023, 05:10 AM   #54
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J Browns?
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Old 14 July 2023, 11:17 AM   #55
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Originally Posted by GreenLantern View Post
Yeah, I don't honestly think Patek cares, despite the lip-service they pay this problem in public. Mr. Stern says he cares.

But their actions say otherwise. When I continue to see brand new, unworn, fully stickered (and even fully sealed, in the case of PP) Rolexes, Pateks, and APs, year after year, you know those three manufacturers don't truly care.

Somehow, they probably see this as a good thing in terms of inflating values and generating hype.
Spot on. Different folks; different rules. Or, PP has a plan for AD consolidation based on market characteristics that has nothing to do with some stinker grey marketing his new merch, but has all to do with channels, demographics, etc
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Old 14 July 2023, 01:11 PM   #56
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I think that Patek has finally taken off their disguise.

A little bit of hype hits them and they throw their long time customers under the bus.
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Old 14 July 2023, 02:37 PM   #57
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I read about all the agony people go through with AD’s. I found years ago to buy pre-owned. All the stroking, and massaging they give you is BS. All they want is your money , and to move merchandise.


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Old 14 July 2023, 02:40 PM   #58
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Given what people have said that know this AD, it doesn’t sound like they were up to any shenanigans.

Patek is trimming ADs, they don’t have a choice. There’s 50k watches produced a year and too many ADs. They don’t even have enough watches for their own salons.

TS said it himself:

“The only thing we did was to reduce the number of point of sales worldwide, because we needed to have pieces to sell in the store. It was terrible for the retailers because they've invested and they have rent to pay with zero watches [to sell]. We didn't have a choice. We could not increase production so we had to decrease the number of point of sales so that the ones that remained at least have a little bit more pieces.”

https://cnaluxury.channelnewsasia.co...terview-236906
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Old 14 July 2023, 02:49 PM   #59
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Yeah, I don't honestly think Patek cares, despite the lip-service they pay this problem in public. Mr. Stern says he cares.
x2.

I talked to a jeweler that lost his dealership. According to him, they wanted him to raise his inventory from, $2 million a year to $10 million.
After he declined, they took away his dealership.
I think this is the more likely scenario.
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Old 14 July 2023, 05:34 PM   #60
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x2.

I talked to a jeweler that lost his dealership. According to him, they wanted him to raise his inventory from, $2 million a year to $10 million.
After he declined, they took away his dealership.
I think this is the more likely scenario.
I'm afraid the jeweller is talking nonsense. Patek can't actually fulfil their current agreed stocking level with AD's due to supply and demand. For the AD to suggest that Patek want them to increase their stock level 5 fold and that this is the reason they have lost their dealership is I'm afraid fantasy.
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