No, as the price for the metal itself does not constitute any significant part of the cost for a watch

Sep 01, 2020,13:22 PM
 

The total gold value in a watch with strap is maybe a thousand dollars, tops.

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Hi all, a fellow PuristS informed me that he was told Patek will be implementing a...

 
 By: GLau : August 31st, 2020-07:25
a price increase of 3% to 5% on certain models starting October 1st. Has anyone else heard the same thing ?

That's pretty steep...

 
 By: mdg : August 31st, 2020-09:10
Take the ref. 5231J. At 8 percent, that's an increase of almost $6,000. I get it, these are expensive pieces. But that's a huge increase that, as far as I can tell, cannot be accounted for by inflation.

Apparently the increase is to compensate for the recent increase in the ...

 
 By: GLau : September 1st, 2020-07:27
price of gold. Does this explanation make sense ?

No, as the price for the metal itself does not constitute any significant part of the cost for a watch

 
 By: VintageCollector : September 1st, 2020-13:22
The total gold value in a watch with strap is maybe a thousand dollars, tops.

Good point ! Well, we just have to ...

 
 By: GLau : September 2nd, 2020-00:02
live with the reality and make our own purchase decisions then.

Yes, I guess that the major part of the price for a watch is constituted by brand and movement, in named order

 
 By: VintageCollector : September 2nd, 2020-10:24
Of course the brand has cost billions to build, in marketing, research and development, that of course need to be recouped in some way.

My AD has had official confirmation of the rise from 1st October

 
 By: russell996 : August 31st, 2020-11:02
Average is 8%, higher on PM and lower on SS.

I spoke to my AD this morning and they still don't have an updated MSRP for each model

 
 By: DOCSF : September 1st, 2020-02:41
They will be getting an updated list later this week or next week. At the moment they only have a general letter saying an average 8% price increase and as mentioned above some models will have a higher price rise compared to others.

Thatā€™s cool. Iā€™m on the waiting list for this one since one year

 
 By: Tyo : August 31st, 2020-07:49
2 things, when Iā€™ll receive it itā€™ll cost me 25% more or I wonā€™t receive it šŸ„³ ...  

Remember when ALS increased prices in March?

 
 By: Clueless_Collector : August 31st, 2020-09:25
All claws came out saying, "Pandemic, Insensitive, Frustrated blah blah...." I'm curious and wonder what will be the response here.

Same answer. [nt]

 
 By: amanico : August 31st, 2020-09:26

+100 [nt]

 
 By: mdg : August 31st, 2020-10:06

Plus 1 [nt]

 
 By: Metachronous : August 31st, 2020-10:11
No message body

My response is: choice. You donā€™t have to buy the watch, we all recognise they are not the truly important things in our lives, however much we enjoy them..

 
 By: CGJ0 : August 31st, 2020-11:14
maybe the manufacturer is doing it to rebalance supply/demand, maybe to match a competitor, maybe for pure greed... If you donā€™t like it, donā€™t pay it. Vote with your cash.

You are absolutely right...we all have a choice. I'm actually ok with such moves and I think our views have to be fair across all brands.

 
 By: Clueless_Collector : August 31st, 2020-11:24
Maybe ALS timing was really bad when all the COVID-19 crisis starting but apparently there is nothing we can do and we still fall for it. Just like ourselves working bees, we all want pay raises every year, same for watch makers and employees of the brand... 

In the U.S. at least...

 
 By: mdg : August 31st, 2020-10:06
...the government has ben printing money for the past ten years or so with record low interest rates.

Paying these prices feels sometimes like self-punishment for me...

 
 By: MTR : August 31st, 2020-17:02
But masochism can also be a form of pleasure. šŸ˜Š We all have the choice whether or not to accept these conditions. Best Thomas