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Patek Philippe

Agree with Mostel

 

I totally agreed with Mostel. I bought my 5960P in April and paid less the current list + tax. If I put my name on list and waited, and even the wait is ONLY one month, I will be paying more.

But my name is still on my AD list so that I can have a 5960P with my name on paper, when I get that, I will sell the one doesn't have my name. But at least I secure the watch at a earlier date and price.

I wasn't in the market for 5980 3 years ago, so not sure what the list and "market" price was. But I can imagine IF you paid market price 3 years ago, it will be less than current price + tax, and you would have enjoyed your watch for 3 years.

So, in certain circumstance and for certain model, going to a gray dealer may make sense. It will be nice to establish a good relationship with one or two reputable gray dealer as they have their own network to get the "hard to find" models.

Just my 2cent, of course I wish the world is much simplier that you can just walk into any AD and pay for any watch you wanted, but then will you still want that Patek.

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24 Comments view entire thread 

This a question for any important person into PATEK, please answer serious.

 
By: mini : June 7th, 2008-13:21
From 3 years ago i want to buy the new Nautilus 5980-1A, i am in the list of two Patek Shops, Paris and Geneva, in Geneva i was there 4 times, in all dealers in Spain, i ask and wait in 4 dealers too, from 3 years, after that i travel many times to Singap... 

Seriously, if there were reasonnable answers to your questions

 
By: amanico : June 7th, 2008-13:38
There would not be any Grey market... This is sad, but true. The only thing you can do is choosing between 2 options: 1/ You badly want the watch and you patiently wait to get it ( It may be long, as in France, for example, you'll have to wait 4 or 5 year... 

Sometimes going gray market is better

 
By: Mostel : June 7th, 2008-19:59
you save money sometimes, even paying a premium--I have said this before. If you bought the 5980 last year at a crazy premium--say 15K over list--it would now be the same price as LIST plus tax... And you would now have the watch, at essentially, list pri... 

Sometimes, yes, of course, Mostel, but certainly not for the 5980

 
By: amanico : June 7th, 2008-20:53
As the premium is much more important for a 5980 than for a 5960, well, at least 4 or 6 months ago... As for the 5980, if you pay this premium, you'll need at least 4 or 5 years to reach the retail. Best. Nicolas

This is true for the current trend

 
By: Elbow : June 8th, 2008-04:29
where Patek has recently had an unprecidented number of price increases in quick succession, all of a significant size. But this would be less true in a more stable and regular market, where the dollar/euro rate was more 'normal' and gold prices were less... 

Not true the current trend, Not true The waitlist, NOT SERIOUS NOTHING!!!.

 
By: mini : June 8th, 2008-05:22
When i was in Thailand is exactly tree times the normal price in Europe, its not true the current variations had a influence in this case, i advice to all another time the final price is MARKET PRICE, because the dealers knows all kind of situations, Rate...  

Sorry... I don't agree...

 
By: happy_wis : June 8th, 2008-07:53
Let's look at the 5980's list price... According to my info: It was 38000 CHF in 2006 Oct Now its list price is 40300 CHF. Let's do a simple Math: 40300/38000=> 6% increase. In your example, it was not the grey dealer helping you.... it was the currency h... 

I'm not 100% sure..

 
By: Elbow : June 8th, 2008-08:03
...so I could be barking up the wrong tree here, but hasn't the 5980 gone up by a lot more than 6% in the US over that same period?

Answering to Happy and Elbow, please read all, thanks.

 
By: mini : June 8th, 2008-08:34
The discussion is not about how many price increase in every year from 2006, but the watch is presented in Basel 2006, april, two years and half, more o less, the discussion is NO WATCHES IN OFFICIAL DEALERS IN EUROPE OR AMERICA, but YES WATCHES IN ASIA M... 

5980 in US AD

 
By: lac2s : June 8th, 2008-12:16
Hi mini, I am not sure why you said there is no 5980 or other hard to find watch in US or EU. I personally don't know what is going on in EU, but as far as US, there have been plenty of shipment of 5712, 5980, 5960 to US. The ONLY reason you don't see the... 

You can try...

 
By: mini : June 8th, 2008-12:48
I visit in the same day 3 dealers, Pendulum, Cortina, and The Hour Glass, they have all Nautilus collection, market price of course, in that moment the market price is 3 times more than Switzerland, if you go to Patek Shop in Geneva, probably you wait 3 y... 

Sorry to be that direct but....

 
By: happy_wis : June 8th, 2008-19:29
I am sure that there are MANY people who did buy the 5980 from AD in Europe at list (or below). At least, the Boutiques will not charge any premium. It just happens that you are not one of those people and this makes you mad... In a free market, the shops... 

I am serious.... the 5980 was announced in Oct 2006....

 
By: happy_wis : June 8th, 2008-07:38
I don't know how to count 3 years from Oct 2006. By the way, regarding your questions: 1. You receive their magazine means you are/was their customer. Nothing else... 2. Singapore and Bangkok may be special... however, for most cities in Asia, the authori...