WatchProSite|Market|Digest
WatchProSite|Market|Digest

Patek Philippe

Hopefully supply and demand will balance.

 

I have also passed on a watch or two I would have bought last year due to the back to back price increases.  I am reluctantly buying a 5712 in SS today.  I already have the Rose gold 5712,  my favorite watch. I want the 5712/ 1A but I have a lot of watches, and I am tempted to pass on it for now and buy one in 6 months or so.  Supply is much more in line with demand on these watches now.  Prices seem to have dropped on the grey market.  I can buy a 5712  at list price because my  AD knows he will see me wearing it around a year from now. I am sure that I will have other opportunities to buy one.  Once AD's are sure you are not buying the watch to put on ebay, I find I am offered quite a few "hot" watches.   In a normal world, expensive watches like PP would be reasonably available, with a wait of a few months at the most.

Paul C.

 

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14 Comments view entire thread 

5970j/5070P

 
By: ImranLondon : June 7th, 2008-04:19
It is actually with some dgree of regret that I can confirm that both pieces will be made for only one year. I have just returned from a visit to Patek where this was confirmed to me. I say with regret because a lot of collectors will be dissapointed. C'e... 

Wish you could be wrong, Imran

 
By: amanico : June 7th, 2008-04:33
Last time I was to PP, I asked the same question to 3 different PP people, and I got 3 different answers! LOL but true! So I hope you're wrong, because in the cobntrary case, my chances to get a 5070 PP are near to 0... Best. Nicolas

You have no idea how wrong I wish I was...my dream of 5070p is also rapidly dissapearing..

 
By: ImranLondon : June 7th, 2008-04:41
Unfortunately the information can from really the one the highest source after the Msr.P & T. Stern (who were on their way back from China). I am really feeling low at this moment, whilst I can see the production constraints are true after visiting the ma... 

Don't be depressive, Imran

 
By: amanico : June 7th, 2008-05:08
If we can't get this PP 5070P, I may have another solution to get another appealing watch... Even if I'm a bit sad to hear that, there are so many exciting watches, to be bought much easier, and at less cost. We'll sepak about thatwhen we mmet in London, ... 

Imran look in what state (of spelling) you let Nicolas with your news!

 
By: Dje : June 7th, 2008-06:06
Hi Imran, I'm sad to read your news, not that I had any hope to get myself a wanted 5070P even if it was to become widely available, but that's really a beauty! I hope to visit Patek Philippe someday too, I'm sure you saw another beauty you could put your... 

While no on e really 'knows' anything

 
By: Mostel : June 7th, 2008-07:55
it is a great strategy on Patek's part--to sell the yellow (least desirable, by today's tastes) 5970 for the shortest time... thereby elevating yellow to new heights! Brilliant! It does make perfect sense to only make the 5070P for one year. But in other ... 

market softening

 
By: jonrus : June 7th, 2008-10:12
I agree... I know of a few collectors who have passed up current deliveries with AD.. I think this is multifactorial.. price increases twice in the US, weakening economy and outlook, inflation with food, energy, overall cost of living. Anybody else have t... 

Interesting point, Jonrus >>> And...

 
By: amanico : June 7th, 2008-11:33
Interesting point, Jonrus >>> And what if, if this is the case, and I believe it begins to be, as everybody knows the problem of the crisis, the price increases, etc... What if for the brands? What will be thier relations with their clients? Will they tre...