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Patek Philippe

an odd policy which offends me..

 

I don't understand this policy by Patek.

The high complications are already so expensive that only the seriously rich can afford them.  It's not the case that with good savings and giving up other non-essentials a collector of modest means can ever hope to attain one of these pieces.

The prices are set at what the market will bear - why do they therefore care about flipping?  If you can afford the official entry price then you can afford the flipped price.

If they are truly concerned then they should increase the price to the true 'street' price.  No 'collector' will miss out.

I for one am not in a position to purchase a minute repeater - yet.  But I expect I will be able to in a few years time.  However, there's no way I will put myself through a demeaning review process to be given the 'opportunity' to buy and tactics like this confuse me.  It's a seriously misguided policy in my opinion and out of line with today's purchaser who most likely made their money the hard way.

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16 Comments view entire thread 

a piece of paper

 
By: Bruno.M1 : June 26th, 2011-12:45
a paper to get the high complications Your AD will put your name on it, a reason why you should get a certain Patek and if you have one or more Patek he'll put these watches also on that paper. The purpose is to know if the person who's asking for this 's... 

not sure

 
By: Bruno.M1 : June 26th, 2011-13:55
but I think my AD told me so What about the 5131 ?

5131 is not

 
By: porter505 : June 26th, 2011-19:17
i got 5131 without any application although long waiting only grand complications such as 5950/5951/5207/5208 etc. need applications

I had to file an application for the 5131 through my AD.

 
By: doublesix : June 27th, 2011-03:33
I had to list all my PP's along with their serials. I am in the US. Where are you?

bought in uk

 
By: porter505 : June 27th, 2011-17:40
i think it depends on if ur retailer got 5131allocation confirmed by patek from the beginning. if yes, retailer can sell you 5131 without application. if not, retailer must send ur application to patek. Actually my retailer got some grand complications wi... 

I have been offered the 5170 from 3 AD's since Feb.

 
By: doublesix : June 27th, 2011-06:41
plus one from a reseller. Strange that Patek on Bond Street would say it is an application piece? Someone recently posted that there was a 5170 in the window at PP Bond Street.

Patek asks you to fill out paperwork

 
By: Mostel : June 26th, 2011-22:23
to demonstrate that you want the watch for yourself and not to resell--that is the point of the application, whether explicit or not.... ridiculous in the extreme as gray market Pateks of all variety are everywhere, which Patek does nothing to prevent... ... 

As long as people are willing to

 
By: ArthurSG : June 27th, 2011-03:11
put up with this process, Patek wil continue it. I of course do not have the means to even consider this application.

an odd policy which offends me..

 
By: johnswatch1 : June 30th, 2011-05:29
I don't understand this policy by Patek. The high complications are already so expensive that only the seriously rich can afford them. It's not the case that with good savings and giving up other non-essentials a collector of modest means can ever hope to... 

Due to very limited production...

 
By: enjoythemusic : June 30th, 2011-07:04
...perhaps someone with deep pockets like certain keynote stores would order certain models to then have in stock. As such, use a 'flipper' to sell these rare watches to people who "must have it now" and not desiring waiting months for the timepiece to be... 

5131 is an application piece

 
By: D10 : June 30th, 2011-11:42
if you have a relationship with an AD and if you own several pp pieces, application process is fairly simple. to make the long story short, AD contacted me and said pp allocated one 5131 to his store, and asked to see if I am interested in applying for on...