Comments:

Is there room for a new entry-level Patek?

 
 By: watchme : August 13th, 2019-07:31

With all the talk about capping steel production, based on Joe Thompson's interview with Thierry Stern that was posted on Hodinkee last week, it makes me wonder if Patek has thought seriously about re-launching an updated and more interesting NEPTUNE line.

The Neptune had an interesting and detailed bracelet and bezel - though I don't think the old design appeals to today's tastes - but re-launching a new, more modern, dress-sport model at a more modest price (say, $18-20k on bracelet), would be interesting and would allow more sheep into the fold who don't earn 6 or more figures. More than that, it would help to take the focus of the soft-octagon bezels.

What are your thoughts?

-Dean

Shhhh, don't distract PP from making a time only calatrava with a movement that fits the case! [nt]

 
 By: Spangles - Mr. Tabby : August 13th, 2019-07:38
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I think PP will release a new Calatrava line this fall or new year,

 
 By: drphileasfogg : August 13th, 2019-13:16
Many models left the catalog and that’s for something new with a new movement, probably the 26-330 found in the 5212 or in the Nautilus (silent upgrade done this year). Of course unlikely to be in steel unless Mr Stern decided to mess up a bit this Nautilus frenzy.

That's good news! [nt]

 
 By: Spangles - Mr. Tabby : August 13th, 2019-14:30
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Simple and sober one would be top. With a sector dial and no date, please. [nt]

 
 By: amanico : August 13th, 2019-14:32
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I think we may see a 5219 at 39mm come out next Spring.

 
 By: watchme : August 14th, 2019-07:15
But this is mere speculation, based on Patek’s history.
-Dean

I think they already did.

 
 By: @WatchesandWristshots : August 14th, 2019-18:25
The 5212a is mentioned on the PP site as : "This steel Calatrava Weekly Calendar also houses a completely new self-winding movement with optimized performance."
So I have a strong feeling this is the new base 'platform'. I could be wrong ofcourse, but I have a feeling this will be the next platform they will use to build up from.
Best, H

I think PP will release a new, larger movement to replace the 215...

 
 By: watchme : August 15th, 2019-11:14
so that a new, hobnail bezel watch won't have too small a porthole on the back.
-Dean

Agreed.

 
 By: @WatchesandWristshots : August 15th, 2019-18:20
Question is: what will be the diameter of the base case? 39mm? 39,5? /40?
Best,
H

Are you thinking a PP "Quai de L'ile"?

 
 By: Rapwatch : August 13th, 2019-07:53
In which case I like your thinking.

But it shouldn't be a 56 3 hander.

I can't see it happening.

R


There is no reason for Patek to launch that piece on bracelet for that price compared to the Nautilus 5711.

 
 By: Tyo : August 13th, 2019-07:56
I don't think Patek Philippe cares about those who can't afford non-entry level watches. 
I like Patek Philippe for what they represent in term of legacy, but I just can't afford one straight from the Salon and now on second market without selling many pieces of my collection.Do they care? Absoluty not. 
Waiting lists seem full for the upcoming years. 
There has never been so much money in circulation and rich in this world, so my guess is NO way

+1 [nt]

 
 By: dedestexhes : August 13th, 2019-08:23
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So many rich people who care more

 
 By: MTR : August 13th, 2019-08:32
about presenting their last dozen high-prized catches than about people who starve and suffer.

I know, this is a delicate topic. This is a forum for watch enthusiasts. I am not super rich but I am for sure a top earner. And I love PuristsPro. And I love watches and for sure have (too) many of them.

But sometimes I am questioning myself what we (and the watch industry sponsored by us) are doing here and if all this is ethically right.

Best, Thomas

it's a personal concern I think. I am not saying we can talk here, just this is about you and how you feel about that. [nt]

 
 By: Tyo : August 13th, 2019-09:20
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Personal concern...

 
 By: MTR : August 13th, 2019-12:10
Yes, that is undeniable correct.

Best, Thomas

1789 again perhaps?! [nt]

 
 By: jim_94104 : August 13th, 2019-19:37
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I don't hope so.

 
 By: MTR : August 13th, 2019-22:50
But we all who are blessed with a life in above-average prosperity and social security should live more consciously and attentively.

Personally I try to generate a - for me acceptable - “social footprint” (similar to an ecological footprint).

And always seek to classify our common hobby and its inherent “luxury problems” properly.

Best, Thomas

With 60k watches produced each year is there room for another line? [nt]

 
 By: rip9er : August 13th, 2019-09:06
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PP don’t care about bringing in those who earn less than 6 figures.

 
 By: Lankysudanese : August 13th, 2019-09:23


They are busy beating the millionaires into submitting to the secondary market premiums on their SS models

I would be in, if not looking like a watch from the 80's or early 90's, which was not a very inspired era in terms of design... [nt]

 
 By: amanico : August 13th, 2019-09:48
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Isn’t the new Twenty-4 a new SS series?

 
 By: I_am_Clueless : August 13th, 2019-10:24
I saw a member once posted he bought it...it’s the same 324 movement and SS.

A complicated issue, but at least as a quick reaction, I would see more cons -- and also risks in terms of image -- than pros should Patek go down this route.

 
 By: FabR : August 13th, 2019-11:29
Not to mention that a new SS sports model in the $18-20k range would instantaneously end up like the 5711 or the 5167 on the secondary market...unless Patek releases it in generous quantities, which will never happen.

An elegant step that partly goes in the direction you mention is the new 5212, at least in terms of appealing to a younger but sophisticated base. However, they sensibly remained on a price ($30k) and distribution levels that preserve some exclusivity. If I have to guess, you'll hardly see more (i.e., less) than this from Patek in the near future ;-) Cheers.

Better Neptune than Uranus! [nt]

 
 By: Spangles - Mr. Tabby : August 13th, 2019-11:29
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If Rolex can have Tudor then why can't Patek Philippe have a H.Stern line of watches... [nt]

 
 By: SALMANQ8 : August 13th, 2019-14:58
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Or, Patel could just buy JLC from Richmont...

 
 By: watchme : August 14th, 2019-07:14
And consummate their favorite, historical supplier. The could be PP’s “low line” while supplying Duometer movements to Patek. ;-)
-Dean

That would be exciting, nice deal, do you think Richemont would ever sell a crown jewel like JLC? [nt]

 
 By: SALMANQ8 : August 14th, 2019-14:06
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Honestly, I'm not sure JLC or VC are that profitable. [nt]

 
 By: Spangles - Mr. Tabby : August 14th, 2019-19:19
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I think JLC is much more profitable than VC...

 
 By: watchme : August 15th, 2019-11:15
since they earn money on both sides (selling to the public and selling movements).
-Dean

JLC deserve much better than that! ;) [nt]

 
 By: amanico : August 14th, 2019-22:41
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True, but Patek has mastered the ONE think that JLC hasn’t....

 
 By: watchme : August 17th, 2019-06:50
BRAND MANAGEMENT & Marketing.
-Dean
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