Spangles - Dr. Tabby
5134
I hope you have FU money very quickly!
Nov 25, 2020,17:20 PM
A watchmaker offered to do fine finishing on a watch of my choosing, so it's certainly possible!
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Thierry comments on production and COVID
By: @Patek_Ambassador : November 23rd, 2020-17:55
Thierry Stern explains, βFor Patek, we have a lot of reserve cash, and when we had to shut down for a month and a half β¦ it was OK. I knew I had to decrease the quantity [of watches produced] for the year. The target was about 60,000 to 65,000 pieces. I c...
Kudos to Time and Tide
By: Spangles - Dr. Tabby : November 23rd, 2020-19:13
Also confirming 65,000 watches a year for Patek.
That's what I thought. It makes me question the quality of the product...
By: mdg : November 25th, 2020-10:23
...I would not be happy about paying $90k for a watch with a movement that is machine-finished. Even if it is finished by hand later on at some level. I would rather buy independent even though those watches are quickly climbing out of sight price-wise......
With recent Pateks, you can avoid hand-finishing entirely!
By: Spangles - Dr. Tabby : November 25th, 2020-10:56
Up to annual calendars and sport watches, at least. As for machine finishing with a hand-finishing final step, that is the way things are done even for most independents, as I'm sure you know. Even Roger W Smith is using CNC machines and Philippe Dufour i...
I suppose some pieces must be precision cut...I get that...
By: mdg : November 25th, 2020-11:15
...but afterward I would want that machine-cut piece to be finished by a person and not left 'as is' or finished further by yet another machine. Don't get me wrong, I really like many PP watches. But if I had FU money (I don't) I would buy a PP watch and ...
Working on it...
By: mdg : November 25th, 2020-23:18
...just need another IPO : )
THANKS FOR THE UPDATE
By: vicunaman1 : November 24th, 2020-06:38
Dear Mr. Stern, The most important fact is that the quality and style of your product is maintained. We are all sorry for the international misfortunes hovering from above. Firstly I wish better health conditions to all on our planet...and I am glad that ...
Thank you
By: vicunaman1 : November 24th, 2020-15:32
Thanks for letting us know of this article ! π
By: GLau : November 24th, 2020-09:03
For me the big question is whether the pandemic has negatively affected demand so much that the 30% decrease in production represents too many watches for the market.