Patek Philippe

would the prices of various Patek Nautilus come down? Market is different now vs 2008, any thoughts? Thank you in advance

They might not sell for a premium on the secondary market ... but I don't think they'll be discounted to bargain prices? Just my opinion. No one really knows for sure.

1 very HOT Nautilus model went down from MSRP + about 50% premium to MSRP + discount (but that time, it was still a regular production model). Now I think I agree that it might still sell at premium but less, or better back to its old MSRP. Just a fantasy... 

have to let go some of their assets. Maybe I imagined too much...

Stocks, high end real estate, art and luxury goods, including watches, were all hit 20-40%. Nobody knows for sure but it would be a good bet that the secondary market for Patek watches would take a beating. Times have changed, I don’t see the conditions t... 

Nobody knows but I do feel prices would come down quite a lot since now they're too high. Sell on strength! Kidding...

....is transient, style is timeless.

is not fashion. HUBLOT maybe but not Patek's Nautilus IMHO

why ?since the bubbles are bigger.

It is quite to the contrary: Patek increased theire prices up to 40% in two years after the american mortgage crisis. I guess Patek got their losses from the stock market balanced by theire customers. Quite an irony ...

Maybe most PP buyers are 'recession proof' :p

I ve heard that Rolex lost a huge pile by Bernie Madoff

マジで

No doubt a crisis of the magnitude we saw in 2008 will impact prices. The premium will most likely be eroded temporarily, but I think RRP will hold up.

But market is hard to predict. We shall see IF it happens, it may not at all. If only we knew...

when ?you may can follow guys at better than bloomberg in predictions.

this model in particular is being bought by tons of people that need to stretch to wear a fashion item. Also, the watch is kind of a mass product. Prices will drop significantly at some stage. Does not need an exonomic ctisis for this to happen...

The high end luxury market usually continues regardless. The people that are usually hit the hardest are the so called middle class.

that the average Nautilus customer these days is much more middle class (using your definition) as the traditional Patek collector. Many Nautilus buyers are much younger, with less money - buying to also own this „fashionable“ sports watch. This demand is... 

and it is. But it isn’t that special that it would make any kind of sense to pay for 5711 Nautilus the same as pieces of Rolex Datejust. According to my experience Rolex is even more accurate, has a better clasp and is mre scratch resistant. Naturally oth... 

Like me, if you don’t ever pay over retail you will not get hurt. I see very little risk for buyers that are patience and stay off the secondary market, let the people with more money than sense pay whatever they want albeit driving the price up (for now)... 

This sentence is often seen as derogatory. Yet..... 1) If you are very stupid yet STILL have more money than sense then surely you are doing relatively well? Certainly better than most expected. or 2) If you are really smart and have more money than sense... 

Maybe an average Joe won a lottery or hit jackpot in a casino?

Messed up a bit more...with a collapsed pound and VAT back I will be on a plane to the UK to try get some bargains

so a difficult exercise to contemplate in my opinion... major difference being that we had global central banks coordinating a rescue ten years ago. Next crisis will have a different trigger and unlikely have the same response. And even if it did the resp... 

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