Why limit supply at the entry level?

[RolexWearinSonOfAGun]

Originally Posted by kaiserphoenix

I think it depends on the brand. I can see why Rolex may want to do this as their more expensive watches are essentially the exact same watches but in a more noble metal. Patek on the other hand i feel could do with abit more supply as clients will most likely start “upgrading” to the complications and perhaps grand complications. I feel people who buy a Sub may be their only watch, someone who may not necessarily be interested in watches.


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[AK797]

Originally Posted by tom2517

Not saying this forum is a good representation of the entire market, but just look around here, Patek has become a sports watch company.

Porsche is producing more SUVs than sports cars, it used be a sports car company also making SUVs, but now it's the opposite.

While this forum does have a sports bias, I do think the watch world is moving sportier and with the internet and SM getting more prevalent that is also attracting younger buyers too.

Originally Posted by RHIII

True - but you know as well as I do these surreal resale / secondary prices are completely unsustainable — and as long as there are (minimal) buyers at those astronomical prices — that approach (to rectify the secondary markets) just continues to backfire.

The only true way (from an economics standpoint) would be to either lower prices - to ‘flush out’ the remaining references within secondary channels - or flood the market to a degree - and fill the orders. (Likeliness...Slim to none)

The watch market is so upside down right now - it needs a ‘hard reset’.

I also think we may see in the upcoming years an upturn in boutiques - that can be better governed by the manufacturers. The days of the small ‘mom and pop’ ADs May be coming to an end.

We’ll see...but the continued current state - will eventually do far more harm than good to the watch market - and the enthusiast.

Just my .02



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Indeed, Roger, all logic says this market is unsustainable, I mean forget the 5711 which is up 100%, even my LVc is now up 50% and based on fake news of a disco that didn't even happen, yet no momentum was lost!

My view on the markets is to ride them till they crash, don't try to predict a top, that's the amateur's game, but the difference with the watch market is that it is so inefficient and slow that there is no danger of a crash and we will have plenty of time to act if things change.

I'm really an observer now as I'm not really in the market for a new watch and so it is incredible to see this raging bull market just roar on and on, but I do think Rolex and maybe PP too will take price and supply decisions to balance out the market eventually.

[Russell996]

Originally Posted by jon_jon

Most TRF forum members are men, so the next point may be hard to understand, but Patek is also going with a strategy to produce 40% ladies and 60% men's watch (or at least 1/3 ladies and 2/3 men's).

Is that heading in the right direction? Why are they producing so many ladies' watches when the market demands that they produce 10,000 5711/1A's a year instead? I don't know the answer, but another factor in the whole production equation that seems a bit puzzling for the rest of us.

My wife owns as many Pateks as I do, she is a knowledgeable as I am on the latest models and has a road map of future purchases BUT she wouldn’t be seen dead on this/or any forum conversing with forum members about Watches - others opinions on pieces are of no interest! LOL
Indeed she is on better terms with Rhone staff than myself. If TS was to ask her she would say watch split should be moving to 50:50 over time.

[RHIII]

Originally Posted by AK797

While this forum does have a sports bias, I do think the watch world is moving sportier and with the internet and SM getting more prevalent that is also attracting younger buyers too.







Indeed, Roger, all logic says this market is unsustainable, I mean forget the 5711 which is up 100%, even my LVc is now up 50% and based on fake news of a disco that didn't even happen, yet no momentum was lost!



My view on the markets is to ride them till they crash, don't try to predict a top, that's the amateur's game, but the difference with the watch market is that it is so inefficient and slow that there is no danger of a crash and we will have plenty of time to act if things change.



I'm really an observer now as I'm not really in the market for a new watch and so it is incredible to see this raging bull market just roar on and on, but I do think Rolex and maybe PP too will take price and supply decisions to balance out the market eventually.

Agreed.


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[jon_jon]

Originally Posted by Russell996

My wife owns as many Pateks as I do, she is a knowledgeable as I am on the latest models and has a road map of future purchases BUT she wouldn’t be seen dead on this/or any forum conversing with forum members about Watches - others opinions on pieces are of no interest! LOL
Indeed she is on better terms with Rhone staff than myself. If TS was to ask her she would say watch split should be moving to 50:50 over time.

I do remember TS saying that they want to go towards a 50:50 split between men's and ladies watches.

Interestingly, if you ever get a chance to check out the purse forum (forum.purseblog.com), they have some very active discussions about ladies luxury purchases (possibly more active than our discussions here on TRF on watches) If your wife is into purses, she may be interested in checking out that forum

[DLRIDES]

Originally Posted by RolexWearinSonOfAGun

As a younger (relatively speaking) prospective Patek owner, the current strategy/market with respect to their entry-level sport watches is disheartening. I’d love to own a diverse and comprehensive collection of complicated Pateks in the future, but I’d rather my entry point be a 5167A or 5711 now. When you make those watches virtually unattainable (at MSRP, and within a reasonable timeframe), it discourages similarly-situated prospective new customers from becoming lifelong patrons. While I’m ultimately OK waiting a few years for my number to be called, I will admit that it’s been an unexpectedly frustrating ordeal. I’m sure some others would agree.

Agreed !