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Patek Philippe

Yes yes yes!

 

I totally agree that this collection is geared towards the china market where price is inelastic and bling is in demand. What else could explain the diamonds? Look at the price of the 5970g when it was last offered a few years ago and compare it to the gbp125k reported for the 5270g and tell me that Thierry's cost of production went up that much over the same period after adjusting for the price of gold? Did he really pay his watchmakers 75% more over the past 3 or 4 years? The pricing is getting out of control but in Thierry's defense, it's just business and you have to take the money when you can. I just doubt the business model can withstand a downturn in china.

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