DOCSF
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I also agree generally Patek limited editions are highly sought after at the beginning of their release.
Jul 17, 2020,03:34 AM
However that applies to many new references at the beginning of their release. References such as 5235G, 5524G and 5370P were very sought after at the beginning of their release.
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This bothers me..
By: Wristenthusiast : July 14th, 2020-12:32
Sorry, but this rubs me the wrong way. PP ADs won’t sell me a watch because they want to provide them to their “ valuable customers.. who then flip it the very next day. I know it’s all part of the game. But I think it’s BS to sell to someone who is just ...
I could not agree more.
By: xyz123abc : July 14th, 2020-12:47
If a Rolex dealer sells to a number of “flippers” over time - he will get a visit from Switzerland for a serious talk about selecting his customers.
yes it happened
By: Quan : July 17th, 2020-19:16
but the AD still wont give those sport model
If that's the case...
By: Boris : July 14th, 2020-16:59
...then someone need to explain why they are not paying a visit to some of the biggest AD chains in Hong Kong. Because, clearly, the Steel Sports models they receive are instantly flipped to the numerous grey dealers operating in this city. My theory is t...
This is what I am hearing.
By: watch-er : July 15th, 2020-12:57
Most of Patek is very soft right now and efforts are being made to move pm strap models through bundling with the steel. Not sure about the AD direct sales to dealers as that is strictly forbidden by Patek. What is hard to understand is the flipping so so...
subtle
By: anaroku : July 14th, 2020-12:52
It’s a headache problem.
I strongly suspect this is fine with Patek.
By: mkvc : July 14th, 2020-13:11
If a single example of the watch makes it onto the gray market at an extremely high price, that helps the company. If many examples get onto the gray market and the gray market price is relatively low, that is a problem, but I trust Patek made sure that w...
:-) [nt]
By: psfparis : July 24th, 2020-02:54
Doesn’t bother me
By: vitalsigns : July 14th, 2020-14:01
European Watch probably buys lots of Pateks from dealers. That would qualify them as a good customer, no? Yes, the watch didn’t go directly to a passionate collector, but the Patek dealer who sold this piece is probably making a reasonable decision here. ...
I also could care less. But the hypocrisy of Patek bothers me.
By: BigAppleBill : July 14th, 2020-18:21
For example, European Watch Co has at least one Tiffany whale who sells a lot of Tiffany-stamped Pateks directly to them. In the past couple of years EWC has listed and sold multiple new Tiffany-stamped Pateks. It would be easy to trace the flipper/source...
I think many brands are more than willing...
By: vitalsigns : July 14th, 2020-18:54
to turn a blind eye to grey market practices as long as it boosts sales and doesn’t hurt overall brand image too much. Dirty not-so-secret part of the industry.
It makes me mad too...
By: Clueless_Collector : July 14th, 2020-14:14
Surprised there are no name written on the Attestation certificate or maybe it’s blanked out by photoshop? I heard and thought this 6007 comes with the owners name printed because they were “selected” for allocation. Totally agree the flippers should be b...
LOL! [nt]
By: amanico : July 14th, 2020-14:26
🤔🤔🤔🤔
By: K-Lo : July 14th, 2020-14:44
I am finding a hard time getting my laughter out. Just kidding!!!👍🤣🤣🤣😂😂
;) [nt]
By: amanico : July 14th, 2020-15:47
I think this is the mechanism
By: Cookies : July 14th, 2020-19:13
Collusion between dealers and flippers. Dealers get a nice commission under the table. Just my suspicion.
Its sad, but we have to live with it.
By: Pythagoras : July 14th, 2020-14:33
Its business as usual for Patek and also for the AD. Flipper or not, special pieces are allocated to those who buy a LOT. Allocating watches for 'true watch aficionados' is a very good idea, but from a business standpoint, it may not always be the case.
Yes!!
By: K-Lo : July 14th, 2020-15:23
That’s what I have been trying to tell you!!
😂😂😱 [nt]
By: FabR : July 14th, 2020-15:54
Richard Mille
By: mark1958a : July 14th, 2020-15:15
Same thing happens with Richard Mille.. I think the manufactures look the other way because it keeps the value of their brand up... and creates a lot of buzz-- like this post likely contributes. Not that I agree it is the right thing to do. There is no re...
by the way
By: anaroku : July 14th, 2020-15:49
Des anyone Please tell me the word [AD] does it mean [authorised dealer]? or [authorised distributor]? I have been worried about this abbreviation
thanks
By: anaroku : July 14th, 2020-18:19
dear FabR, I,m appreciate your kind explanation and I also think so
We live in an Unfair world
By: SALMANPK : July 14th, 2020-16:03
Where people who take short cuts make a lot of money and those who work hard and obey the law struggle all their lives, is that fair? Like Art, collectible cars and other items that can be moved around through logistics, watches are used to recycle money ...
Maybe someone legitimately bought it and then...
By: r0gue : July 14th, 2020-17:38
he/she subsequently decided the movement is too small, the silk screen over the rear crystal looks like hell, the date window looks like an eyesore afterthought, the bezel looks like an ill-proportioned chrome steering wheel and that blue dials are overdo...
😂😂😂😂 [nt]
By: India Whiskey Charlie : July 14th, 2020-19:02
This unfortunately is the new norm
By: sham1 : July 14th, 2020-18:19
I myself was rejected over this piece and in Patek's defence, it is difficult to know if its loyal customers will flip the watch if past loyalty is the yardstick. What is annoying is the attitude of the used dealers. I know of at least two reputable UK de...
This post.
By: KonaJ : July 14th, 2020-19:20
A lot of well thought out, two sided, logical responses to the original post. One very clear conclusion is that Patek gets a lot of free advertising and significant benefits from flippers.
Dear Roger
By: Brandon Skinner : July 14th, 2020-21:03
Can I ask you a question? Do you honestly love this reference, and if so what do you personally find so compelling about it? If it were regular edition would you want it just as bad? No harm meant, just curious how much importance is the limitation in you...
Actually. I am Luke warm to this reference.
By: Wristenthusiast : July 15th, 2020-10:53
I am not attempting to buy this reference in anyway. But to see it come out and get flipped within days makes me upset because I know there are people out their that would love and appreciate the watch. Selling after a few years I get, but this current si...
Thanks Roger
By: Brandon Skinner : July 15th, 2020-11:19
I appreciate your response.
I am a fan of PP dress watches.......
By: jimmycool : July 14th, 2020-21:42
But shouldn't PP worry that the craze on its sports models and new steel dress watches dilute the image and appeal of its precious metal dress watches, its bread and butter? We have seen them being sold as bundles to the highly desired models, and quite m...
😱😂😂 [nt]
By: FabR : July 15th, 2020-02:34
No message body
And another one
By: chris7509 : July 15th, 2020-05:47
on Another happy few that will earn some USD with his allocated PP ... Already "on hold" .. Another flipper ...
Hi Roger, it is very....
By: GLau : July 15th, 2020-07:01
SAD 😢 to see this type of behavior, especially for the passionate Patek fans ! IMO, Horology at the end of the day is still a business for ADs. As such, big clients are their bread and butter and they get allocated the coveted watches such as the 6007 and...
Hi .. I would like to test that theory as I do not believe it to be true
By: watch-guy.com : July 15th, 2020-18:22
Would the moderators allow a thread of all limited release PP from the 1990's specifically from the 150 the anniversary pieces to the present Let us try and list every special limited edition with the list price and the current price- I think we will all ...
Hi, to clarify, I wrote....
By: GLau : July 16th, 2020-11:06
Overall, Patek LEs are highly sought after in the “BEGINNING OF THEIR RELEASES” no matter what. I agree that LEs may not be highly sought after over a number of years. I was saying that LEs usually are highly sought after when they are first released. Hop...
Don’t lose sleep over it Roger
By: Mr.Gatsby : July 15th, 2020-08:32
It’s all within expectations. Plus, what is so nice about this watch? There are many other examples that are worth collecting too. Personally I like the 6006g, I feel that one is quite underrated for a quirky looking calatrava with some history... WTs are...
Well Said
By: farkbinder01212 : July 15th, 2020-10:21
IMHO, it is the unsavory manipulation of capitalism. If I ran my manufacturing business like this, would have been insolvant 30 years ago.
I agree 100%
By: BuffaloWatch : July 15th, 2020-11:39
Makes you wonder how "upset" PP are by this practice.
IMO
By: anaroku : July 15th, 2020-11:50
Dose any one,please tell me the word of {IMO} What does it mean?
what is In?
By: anaroku : July 15th, 2020-14:30
thank you GLau but what is [In...]? dont you mind explaining the matte in detail
IMO also written as IMHO
By: Wristenthusiast : July 15th, 2020-14:43
IMO: in my opinion Or IMHO: in my humble opinion Both phrases are used when expressing an opinion. So the reader can infer that the author is not making a declaration of fact. It is also used to be polite, especially in forums like this with multiple lang...
Oh thank you
By: anaroku : July 15th, 2020-20:37
I understand! Thank you
Update
By: watch-er : July 16th, 2020-13:44
The watch is off their site. Not listed anywhere in incoming, new arrivals or sold.
Maybe Patek bought it
By: Patekfinity : July 16th, 2020-15:54
Could be the reason it is off the site...Patek purchased it back
It's "funny"...
By: 1WatchMan : September 6th, 2020-01:44
But the watch is already "circulating" on the gray market and I haven't even received a response from my AD to my request. Sad but true... I may need to change of AD, but I also wonder how delivery timings are planned, as I usually see massive differences...