eric.vonschonberg
403
flight to quality
I'm sure there have been some stock speculators who were on margin and
thus forced to liquidate their watch "investments" but for watches such
as 3970, 5970, 5004, and 5070 there is much demand. But, lots of
other Pateks, especially recent ones made in large number using Patek's
new in-house chrono, are seeing much depreciation.
Eric von Schonberg
Available on the marketplace
I love and hate the financial crisis!
I love it because all the speculators are forced to liquidate their watches, and ADs have started to call me offering pieces which were deemed impossible to get at MSRP. Finally i can get to lay my hands on an 'impossible' piece! The best thing is that, p...
I'm glad to see you are being offered great watches
But I just can't agree that PP did not make large price increases during the boom years. Just for example the 5712 has increased by 10k from its original price in 3 yrs. The 5960P went up over 20k in the same space of time. These are substantial increases...
no, it did not increase that much
you're counting in USD and that is the reason why it became more expensive. Your USD became worthless. In Euro the 5960 for example only went up 10% since january 2006.
what do you call 'impossible' ?
5711, 5712, 5780 , 5760, 5165, 5167 ?? Those were sought after because they were new. Waitinglists for those are almost gone Now, I know quite a few people whou would kill for a 5070 , 5970 or 5004 and afaik nothing changed if you want one of those
Thin line between the 2...
I must admit, I am also in a bind between loving & hating the financial crisis. It has forced me to give up a few of my most valuable timepieces from my collection! With those new funds I have been able to acquire less expensive timepieces to quench my AP...