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Pure rubbish, the speculation about Patek! I begin to lose interest in Hodinkee! I hate firms, organisations, people, that actively fire up false speculations and fake news [nt]
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LVMH buying Tiffany and what it means for Patek
LVMH announced they are buying Tiffany today for $16.2bn. Here is a bit on the Patek angle of the Tiffany relationship: Ever since the rumor of this deal surfaced, there has been chatter within the community about what it might mean for watches – or more...
So Hodinkee has been bought by Bloomberg?
It’s amazing how they periodically still get back to this obsession of Patek being on sale, even after no shred of evidence was ever produced, and Mr Stern had to offer countless unequivocal denials after Bloomberg’s damaging fake news. Now the conspiracy...
Hodinkee have never been very concerned with facts
It’s a business who sells clicks. Your post echoes my thoughts.
Indeed, but when they continue to spread rumors by pretending to give credibility to a well-known fake news outlet like Bloomberg, they have to realize that the damage to Patek's reputation can become significant over time.
Hodinkee is still taken seriously be many watch collectors, so I believe they have a moral obligation to maintain standards well above Bloomberg or the like. And I'm sure they understand they have much more to lose than Patek by going down this route...th...
The other side of this *might* be...
...it’s good for new watch buyers whom may be “investing” substantial sums of money into a Patek to at least consider what the future might hold and how that might impact their “investment”. (Yes, I’m sure there are readers of H that will put substantial ...
Hi Jay, I totally agree it's good to be as informed as possible on a company we buy from and, in a sense, we invest in...
Even though I buy Pateks primarily for passion, I have no problem to admit I've happily "invested" quite a bit of my money in those cute watches, so I also love to hear how the brand is doing. If there's any significant news or development worth reporting...
LVMH owns all 4 corners on 57th and 5th
North East Corner is LVMH store. South East Corner is Tiffany & Co. North West Corner is Van Cleef & Arpels (ok, technically in Bergdorf Goodman but VCA still has the door and windows on the street). South West Corner is Bulgari.
However...
Several years ago Thierry Stern, in an interview, stated that he would like to see the brand stay private at least until it was 200 years old.
The last Patek magazine...
...publishes what seems like a serious rebuttal of the Bloomberg article about their sale. But who knows. I don’t believe anything from these people who dance to the sound of hard cash.
Pattek’s future
We wil see. Pattek Phillipe is for me just a high luxury watchbrand, nothing more. F.P. Journe is the real deal. Independent, and pure.
Hodinkee is fluff for dollars
Beyond the LVMH and Tiffany ordeal, has anyone else noticed that Hodinkee is now an official Omega AD? I am truly surprised that Swatch Group gave an online blog an authorized license to peddle Omega watches while pulling them from brick and mortar stores...
Patek not for sale?
Don’t be too sure. No doubt every major Investment Banking firm in the world has contacted them looking for new Merger
missing end of my post...
and acquisition business and if the right offer come along, who knows??
I do not think the Stern family will sell PP
But I am looking forward to the opening of new salons in NY once PP officially parts with Tiffany.
Curious (or weird)
I never read of anglage, precision, technical bla bla blas.... Money, value, price . Sad, eventually.
I think PP will not allow Tiffany stamped dials after the purchase by LVMH
The conflict of interest with LVMH watch holdings is just too much. I won’t be surprised if PP pulls out of the dealership agreement as well. Otherwise, PP might as well just be sold to LVMH.
