Duke2Earl
45
There is a method to their actions....
You may not agree with them but Patek is addressing the fact that you can buy these watches from grey dealers in their own way. First, one must understand that Patek can easily sell all of the high end pieces that they can make ... and in fact, they have lengthy waiting lists. And that is exactly why they require that if you want to obtain one of these pieces you must file an application at an authorized dealer and wait. Patek believes that in this way they can better identify true collectors as opposed to people who will flip watches to the grey dealers. So, in effect what they are trying to do is substantially cut down the number of watches available to grey market dealers. I think Patek believes that there will never be enough of the complicated watches to satisfy demand. So what they try to do is be very picky about to whom they sell one of these. Will this eliminate watches in the grey market?.... obviously not. But they are trying to limit grey market supply by not selling to those who they believe are likely to re-sell the watch. Unfortunately, the only way that you will see complicated Pateks at AD's is if the supply exceeds the demand....a not likely scenario in the forseeable future.
Glenn
This message has been edited by Duke2Earl on 2008-08-22 14:50:48
Real Shame
By: Shak : August 18th, 2008-22:47
I was recently in New York and was just walking and browsing in the Diamond District. To my surprise, I saw at least six 5070's. three 5970's, several 3970's, 5960's, and many other complications displayed in various shops. When asked, they were all rough...
priced at retail?
By: jonrus : August 19th, 2008-20:34
are you referring the prices to the current "gray market prices"? If such is the case, it's not surprising. I'm sure some collectors will happily part with their watch for some profit. On the other hand, if priced at the last MSRP of each watch, then it's...
More Shame
By: Shak : August 20th, 2008-00:03
The gentleman that posted his faboulous colleciton of multiple datographs and and an incredible collection of Patek Chronos is indeed a very lucky man. He mentioned that out of all his superb collection, the Patek slpit second Chrono ( 5004 ) and the Lang...
not for sale ...
By: Bruno.M1 : August 20th, 2008-08:34
I can't say anything about the Tiffany store but what you said about the exibition in Thailand, this happens all the time. The thing is that those watches are not for sale. Patek (and other brands) want to show those pieces to the public, that way you get...
More and More Shame!
By: Shak : August 20th, 2008-11:02
Hi. I agree with all of you. I am one of those suckers that truly appreciate the Patek quality and it's superior watches and the reason why I am complaining is that I can't get my hands on their nice pieces. It is not the price I am complaining about - it...
grey market
By: ariarec : August 20th, 2008-13:09
Ever since passing the diamond district shops in NYC I have been going back and forth deciding whether or not to by from Grey Market or AD. I would like to share with you what I decided: I am going to buy Grey Market, because the price was about 25% less ...
Market value: what a fiction!
By: AFK : August 20th, 2008-15:38
Market values, price justifications etc.are all irrelevant issues as so called "aspiration brands" are concerned. For many of us, the holy suffering of waiting for the uncertain delivery through the AD, worths above anything. Whereas for many of us, world...
Agree...
By: mendezj : August 23rd, 2008-17:24
Maybe PP watches at a price point over $150,000 need to be applied for and all that nonsense. But that's just mind games that they play with rich people. However, just check any of the most popular gray market sites and you'll find that the most plentiful...
More...
By: mendezj : August 23rd, 2008-17:45
The gray market is simply a way of moving merchandise that is not moving at the outlets where it's supposed to be sold. Moreover, some years ago PP tightened their quota requirements for retailers which resulted in more watches on the gray market. Now, th...
