Comments:
AP CEO Francois-Henry Bennahmias was on CNBC tv this past Friday
I actually saw Mr. Bennahmias on CNBC when it was aired since I have CNBC on all day when I'm trading. Most of the times, watch brand CEO interviews are just "fluff" interviews, but this specific interview with Francois was pretty good and full of info.
I highly recommend you guys watch his interview on CNBC here: http://video.cnbc.com/gallery/?video=3000576969
He gives highlights about AP, the watch industry, and the Royal Oak Concept Supersonnier which was sold to a 28 year old tech guy in the USA.
Cheers,
Anthony
Thanks for the link
I had high hopes to hear something very honest and revealing but it was mostly safe corporate marketing speak. Do give Mr Bennahmias credit for confirming multiple times that AP makes 40K watches annually and they are not yet a billion dollar company. It used to be difficult to find that kind of information.
They should build a statue to honor Genta
If it wasn't for his RO's design, they'd've been out of business since long time.
AP wants to be in the market for the next century?
I'm still waiting for and Edwars Piguet's watch; not a whole line, but at least one.
AP wants to be in the market for the next century?
I'm still waiting for and Edwars Piguet's watch; not a whole line, but at least one.
Wow, a young tech billionaire has bought a RO sonnerie....give me some billions and i'd do much better!
Lots of brands out there would do anything to have their own "RO"! [nt]
No message body
Customers are like sheeps
They follow the mob.
Till 2010 nobody took care of either 15202 or 5402, the only successful RO was the off shore; only after the 40th celebration the prices has risen to insane levels, the only meter people use to give credit to a watch.
there are plenty of choices for designing a new watch, bulgari octo is a clear example
Till 2010 nobody took care of either 15202 or 5402, the only successful RO was the off shore; only after the 40th celebration the prices has risen to insane levels, the only meter people use to give credit to a watch.
there are plenty of choices for designing a new watch, bulgari octo is a clear example
Bvlgari Octo Is even more Genta than the RO as it was his brand watch that bvlgari took over [nt]
No message body
The first Octo wasn't so succesful, imho.
Much better the last one.
However, even RO wasn't successful until the prices start rising (2012): Nautilus led the way
However, even RO wasn't successful until the prices start rising (2012): Nautilus led the way
"Nautilus led the way"? "even RO wasn't successful until..."? Really?
Hi,
I personally don't care about resale value, even less about what others think about the watch on my wrist, so long as I like it.
I am having trouble following your statements (presented as "facts") though - there were long periods (decades) when the Nautilus was more niche than the RO, with attendant poor resale value (relative to MSRP) and low casual recognition.
On what are you basing your "statements?"
And are they in a very limited time context (one year? 5 years? a decade? 4 decades?) or meant to be sweeping and eternal?
Cheers,
TM
I personally don't care about resale value, even less about what others think about the watch on my wrist, so long as I like it.
I am having trouble following your statements (presented as "facts") though - there were long periods (decades) when the Nautilus was more niche than the RO, with attendant poor resale value (relative to MSRP) and low casual recognition.
On what are you basing your "statements?"
And are they in a very limited time context (one year? 5 years? a decade? 4 decades?) or meant to be sweeping and eternal?
Cheers,
TM
Am i the only who experienced this situations?
Let's talk about second hand price.
I know your policy but let me try to explain it better.
RO 14790 was € 4000 in 2005
RO 15202 was € 7500 in 2008.
RO 14802 € 10000 in 2009.
Those are facts,they were the prices usually paid for a 15202, perfect conditions, full set.
After the 40th celebration, AP turned his strategy (less RO on the market) and people, or i'd say sellers, woke up and realized that Genta designed another masterpiece, with higher margins than the already rocketed Nautilus.
The rest is history.
I've never valued a watch according to the price or, less important, the reevaluation's mirage, but i must be attrcted by design and overall quality.
Where were all those connoisseurs few years ago?
Are they happy to pay more, right now?
Only because the market started pumping high the figures?
Not to mention the bunch of franken-5402 sold online.
Sharpened case, perfect dial, even box & papers.
I've learnt to stay away from those timepieces under the spotlights.
If your point is that there are many in the market who are just sheep and followers
or merely following the dollar signs, I agree without reservation or qualification.
My earlier post took issue with your statement (made again above) that RO prices "followed" "rocketed Nautilus" prices.
I would argue that Nautilus prices were soft for MANY DECADES before the RO prices started rising just before the 40th anniversary.
So the Nautilus followed the rise of the RO?
Either way I really don't care, just trying to get the historical facts correct. You seem to have issues with the RO (and its role in AP history) yet seem to be okay with the same dynamics of Nautilus vis a vis its place in PP history and secondary pricing vis a vis "anniversary"...
On a purely personal level, I never really cared for the RO and slightly preferred the Nautilus until the late 1990's.
I now like both and depending on my mood, I may prefer the more angular and sharper RO or softer and more "rounded" Nautilus (Ferrari vs Lamborghini) but not much more than both brands more classical lines...
I've been watching and "collecting" since 1976; it's been an interesting unfolding "movie."
Cheers,
TM
My earlier post took issue with your statement (made again above) that RO prices "followed" "rocketed Nautilus" prices.
I would argue that Nautilus prices were soft for MANY DECADES before the RO prices started rising just before the 40th anniversary.
So the Nautilus followed the rise of the RO?
Either way I really don't care, just trying to get the historical facts correct. You seem to have issues with the RO (and its role in AP history) yet seem to be okay with the same dynamics of Nautilus vis a vis its place in PP history and secondary pricing vis a vis "anniversary"...
On a purely personal level, I never really cared for the RO and slightly preferred the Nautilus until the late 1990's.
I now like both and depending on my mood, I may prefer the more angular and sharper RO or softer and more "rounded" Nautilus (Ferrari vs Lamborghini) but not much more than both brands more classical lines...
I've been watching and "collecting" since 1976; it's been an interesting unfolding "movie."
Cheers,
TM
Agree
You are definitely a forerunner; or a black sheep (it's a praise), depending from the perspective. ;-)
Nautilus has always been ahead; sometimes my speech might be misunderstood (always in a hurry, so i need to sum up many thoughts in short sentences).
what i was meant to say is that in the last years Nautilus has increased in reference numbers; chrono, travel Time Chronograph, annual calendar.
Too many, IMHO
Perpetual is the only one still missing, but soon PP will show it.
I've always loved RO, i've never bought a Nautilus 'cause i lost my chances....let's see what's going on in the future.
