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Patek Philippe

Patek ADs

 

would normally follow the recommended retail price (RRP) strictly irrespective on how desirable a watch may be. They will risk losing their right to supply Pateks should they not follow the RRP. Saying that, about 10 years ago I came across a Patek AD in Malaysia which charged a premium for the Nautilus 5800. This same dealer is now charging a 50% mark up on the new steel Rolex Daytona. Most annoyingly all the Rolex dealers in Malaysia including the Rolex boutique are charging a 50% premium on the steel Daytona and I am most surprised that Rolex has not stopped this from happening as it has been going for almost a year now. Yes the watch market has suffered in the last two years but this is not an excuse for ADs to abuse the RRP.

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18 Comments view entire thread 

Not sure if it's again in the allowed section but have any others had dealers try to mark up themselves? (no names)

 
By: AnthonyV : June 14th, 2017-13:30
So your name comes up and then they try to mark it up 30-40-50 percent? I guess it's jealousy of the aftermarket markup (that THEY are supposed to control) but not a way to treat a regular customer.

I'm not sure if I understand you question well

 
By: Mark in Paris : June 14th, 2017-13:58
but if you talk about some retailers showing a higher price than MSRP, I don't like that either but I'm not sure it is that unfair. I tried to get a few watches that were limited. If they had been proposed to me, I wouldn't have bought them a single € abo... 

Yes, we see them from time to time

 
By: Mark in Paris : June 16th, 2017-15:01
The different limited editions, though they can also be sold to the onwer's convenience, are made so close from the event's period that it is not something I appreciate as well. Not something we can do much about. From what I see the wide majority of owne... 

Patek ADs

 
By: sham1 : June 14th, 2017-15:24
would normally follow the recommended retail price (RRP) strictly irrespective on how desirable a watch may be. They will risk losing their right to supply Pateks should they not follow the RRP. Saying that, about 10 years ago I came across a Patek AD in ... 

Same with the Patek and Rolex AD

 
By: beejo : June 14th, 2017-18:43
In Egypt,They have in stock a 5131R and asking double the Daytona is 50% over retail as well.I refused both as much as I like them, I can't buy a watch with such premium specially if it's still in production. Best, Ahmed

I agree...

 
By: AnthonyV : June 14th, 2017-19:50
If you'rea regular loyal customer it's pretty crazy to profiteer like this. At 40% margin a dealer makes over 27k on 5131. I understand suppLy and demand and the profit motive but that other dealer will never see me again unless it's something I can't get... 

I salute you Anthony!

 
By: sham1 : June 15th, 2017-00:21
for not having sold a single piece of any brand! This I have never heard of before and I am in awe of your self discipline as I am of your available funds! It is for the reasons above that although I am a Malaysian and will be retiring to Malaysia in one ... 

Wow

 
By: Baron - Mr Red : June 15th, 2017-01:51
If my AD marked the price like this I would go ballistic. I am not sure what PP policy is, but I can't imagine them liking this type of action.

I doubt

 
By: sham1 : June 15th, 2017-02:15
if any manufacturer will like this type of action but I would have thought that they would have better control over the ADs. Perhaps when I return to Malaysia I should apply to become a Patek AD!