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18 January 2020, 03:01 PM | #31 |
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They care, but they are not omnipotent and need some help with that.
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18 January 2020, 03:03 PM | #32 | |
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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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18 January 2020, 03:04 PM | #33 | |
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18 January 2020, 03:05 PM | #34 |
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18 January 2020, 03:19 PM | #35 | |
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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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18 January 2020, 05:44 PM | #37 |
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J browns?
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18 January 2020, 05:49 PM | #38 |
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18 January 2020, 10:27 PM | #39 | |
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Absolutely. Buckle up, ride it out. Sent from my iPhone using Tapatalk |
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19 January 2020, 12:03 AM | #40 | |
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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. Sent from my iPhone using Tapatalk Pro |
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19 January 2020, 01:05 AM | #41 |
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Was wondering if that’s who we are talking about here? Just throwing guesses. No evidence whatsoever.
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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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19 January 2020, 09:11 AM | #43 | |
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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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20 January 2020, 09:55 PM | #45 |
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20 January 2020, 09:55 PM | #46 |
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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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24 January 2020, 11:47 AM | #48 |
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Unpopular opinion: good riddance
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24 January 2020, 11:53 AM | #49 |
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24 January 2020, 01:10 PM | #50 |
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24 January 2020, 01:20 PM | #51 |
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25 January 2020, 02:57 AM | #52 |
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25 January 2020, 03:22 AM | #53 |
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14 July 2023, 05:10 AM | #54 |
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J Browns?
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14 July 2023, 11:17 AM | #55 | |
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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. |
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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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 |
14 July 2023, 02:49 PM | #59 | |
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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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14 July 2023, 05:34 PM | #60 |
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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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