Patekfinity
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NEW Directives from Patek
Saw this post from another forum regarding new Patek timepieces sold by ADs...maybe this forum has stirred up some change with Patek after all!
Post from a member on another forum regarding Patek:
"Earlier
on today I was having a chat with an AD and they informed me that
yesterday (23rd June 2017) they received an email from Patek Philippe
which had a letter attached to it. Below are details of what the actual
email said, not the letter.
Dear Owners, Directors and Managers of Patek Philippe Retailers in the UK and Ireland,
Please find attached a letter with a new directive from Patek Philippe Geneva.
The brown shipping boxes which protect our watches must now be opened
and destroyed before any Patek Philippe watch leaves the store. These
boxes are for shipping from the factory to the point of sale only and
from now, must not be given to the customer. In addition, the plastic
seal around the watch must be opened.
Please will you ensure that all staff in your store(s) are informed
about this new procedure which is mandatory for every Patek Philippe
watch sale and confirm back to me in writing that this has been
implemented.
Many thanks for your support in enforcing this this new procedure immediately.
Best regards,
At the request of the dealer, I have removed details of the person who signed and sent the letter.
There was further mention that this policy was to be implemented
immediately and certainly by the 1st of July. And that any watches found
in the brown box after this date would be viewed as a "Fault"
I take it from this that any Patek Philippe watch found for sale double
sealed, such as on Chrono24, would result in action being taken against
the AD who initially sold the watch
The letter mentioned why this measure was to be implemented, saying
that, Patek Philippe goal was for their clients to purchase their
timepieces. And that they always strived to prevent the grey market
activities, which completes unfairly with their Authorised Dealers
I am personally all for it and hopefully it will help towards stopping
the grey dealers charging such high prices. Though I appreciate that
this will only go a small way to preventing the high prices that we see.
As most of the watches that we see are already pre owned. But at least
it is a start.
I can imagine that this new policy may place some AD's in a difficult
position, when dealing with their large customers, who insist on having
their new timepieces double sealed, so that they can be placed in the
safes/bank vaults with all the other unopened Patek Philippe boxes."
This one is a real bitch to photograph.
In real life it's much more interesting. Solution: get one and keep it on your wrist. A Master Watchmaker of Pated placed my watch under microscope and showed the picture on a big screen. At the same time he explained the new Advanced Research inventions ...
Wow!!!
Great wristshot kari!! You are really one lucky chap to get the new and hard to get models. ) congrats on your new acquisition. Aron
Im just dealing the right AD.
I'm loyal and they are loyal. As simple as that. Best, Kari
Just iPhone photos.
There can be many opinions about the looks but the biggest development is well hidden. The watch might be nice from outside but inside it's stunning! Best, Kari
I do not play lotto.
Unfortunately I had to study a bit maths and that keeps me out from all kind of games. Best, Kari
Hi Kari, congrats on landing the "Terminator" on your wrist !
The accuracy is just amazing ! Enjoy it and let's see how much wrist time the 5650 takes away from others. Cheers, Gordon
The PuristS community calls it the terminator or scar face because...
of the cut-out which reminds us of Arnold S in the movie terminator with a part of the robot's face ripped off and showing the interior ! LOL !
Congratulations !
Looks amazing, looking forward to reading your thoughts on it once been worn in!
Next week I'll have the pool test in Singapore.
In a month or so I can say much more. Best, Kari
landed just prior your summer holidays = Great care from your AD.
Enjoy on your wrist Kari. Nice to read later your post-holidays report. Best, Patrickh
Several things landed.
I must admit I'm so very well taken care of. On the other hand I have bought more than just one watch during the last years. Best, Kari
First pic is the best I have seen of this model
how the outer edge of the pushers aligns so perfectly with the dial cutout
Congratulations Kari,
The 5650 is an interesting piece for many reasons as has been outlined in previous threads. It's also interesting to note how soon after Basel this watch is in the hands of owners. A possible indication of excess production capacity, allowing for early as...
Excess production capacity?
Not sure how that would be? This is a limited edition of 500 that has been in the planning for years. The last AR watch was several years ago. Seems plausible to me that they have the 500 produced already as it's not an ongoing production. For a limited e...
I agree Joe
Probably all 500 were manufactured some time ago and they are all allocated by now. Best, Kari
Excess capacity refers to a situation where a firm is producing at a lower scale of output than it has been designed for,
Allowing for the pre production of future product sooner. Clearly these 5650 watches were produced and packaged early, but how early? If demand for Pateks in the last year was strong and output was at capacity I doubt these pieces would be available so so...
and in a situation where.....
...the producer knows exactly how many will be produced ( a defined limited edition of 500) and exactly when sales will be made (Basel+.....and demand for this one is apparently 5-10 times greater than supply), I think excess capacity is most unlikely. Li...
Now I got it.
Yes, 5650G is quite something and it really opens on the wrist. Best, Kari
Thats a
Handsome looking watch...looks really cool! I just need to get used to the cut-out portion in the dial... I know why its there...just need to get used to of it. Congrats once again!!!
Awesome pictures! Probably best ones so far on the 5650
Cant wait for your in depth analysis in a month!! Congrats again, Kari!!!
Congratulations Kari
I've tried it and it is definitely a great model. One of the best example of "it has to be seen in the metal to understand how good it looks". I've prepared a post about the 5650G and both innovations from this watch are much more than what people may thi...
Mark; you said it well.
Patek 5650G is much more we can understand. It's a step towards to future. Best Kari
I like your solution putting it on your wrist Kari. She is one beautiful sexy bitch to photograph.
The right amount of fat thats sexy enough for a man to appreciate. Congrats on this Aquanut. Cheers. Geross.
Not a huge fan of fhis reference,
But even less so of the language. My young daughters have recently sparked some interest in watches and I'd rather they enjoy the forum as well. I'm sure it's not your intent to offend and likely something simply lost in translation. But for a forum that ...
Well,
Here in the states "sexy bitch" sometimes is used (inappropriately) to refer to a female person. I suppose I should have considered that it was in reference to a female dog, but then again I don't usually find dogs "sexy". Perhaps it's different in differ...
Well,
I have a St. Bernard and she's a bitch. My wife normally just "wife" and four daughters who I normally call daughter #1, #2, #3 and baby-Anne. Furthermore, English is not my mother tongue. I am sorry if I hurt your feelings. In cocktail parties my languag...
No hurt feelings,
just a simple misunderstanding it seems. Still not clear the relevance to your watch, but not really that important. Enjoy your latest.
My St. Bernard bitch Fifi
is impossible to take a photo of. When she sees a camera, she tries to eat it. Best Kari
Oh, and my daughters Shetland pony
is called lard ass. That's how small girls' ponys are. Best Kari
What a coincidence!
Mine's called "fat f**king bast**d", but usually we just called her "Suzie"
5650G
Congrats Kari It's a stunner 😍. Well deserved it in good health and enjoy . Iqbal
I glad you love it
I am not of a fan of partially cut away dials. This one especially has no balance, symmetry or flow to me.,
incongruity is something that can be most attractive.....
......i think it is perfect for this watch.
Congrats, Kari
Best photos of this marvel that I have seen yet. Enjoy it in the best of health. Regards, Mike
Thanks Robin!
From Tuesday onwards I will check how it looks under the Singaporean sun (=thunder storms). Best, Kari
5650G/5168G
Hi Kari or anyone else Who ever had the privilege of viewing these two watches can u confirm if the blue straps and blue on the dials is the same or are they different between the two watches ? Iqbal
I didn't put them side by side but it seemed to me they were the same.
Because of the 5168G's cleaner dial, this one maybe looks a little lighter but I think it is the same color. It definitely works very well in blue, especially with the white gold's light and color compared to steel. I hope this helps. Best, Mark
Aquanauts
Hi Mark Thnx buddy Since it doesn't look promising for me to get a 5650G from one an AD or salon I may settle for the 5168g Iqbal
Kari. You're the man.
Great catch my friend. I'd like to see it in the flesh and know I will love it. Wear and stare in good health. Miles.
Congratulations Kari, a very interesting watch, and the accuracy is indeed impressive.
Have you been lucky enough to get an allocation for the 5131p?
I will tell about the accuracy in a couple of days.
Yes, I got the allocation for 5131P. Best, Kari
5131P
Congrats Kari Amazing piece .Cant wait to see pics and read your review on it . Iqbal
The more I see it the more I like it.
However I need to save up for my first 5131. M.
5131 over 5 years and waiting...
I'm waiting for an allocation on it for 5 years now...and am still waiting. Money is in the bank but the watch is MIA
Unfortunately that's how it goes.
If everybody would get the allocation rapidly, 5131 would not be rare anymore. Best, Kari
More and more pictures of this reference UNOPENED
Kari, Since you are a close friend of Thierry Stern...maybe you can ask him what he thinks of all these pictures of unopened ref 5650G. It seems to me the ADs are unloading Pateks without regard for Patek's discriminant regulations and rules on selling "s...
Well, this is what Patek is trying to do
I see from the number of posts you make on the subject that it is really bothering you and as I said, I feel the same as I couldn't enjoy 2 I was looking for in the past. This being said, I've been discussing in the past with a few salespersons I know qui...
Collector, to be clear...
It seems you've accused plenty of nefarious Patek "flipping," on what basis I'm not sure. And while I don't appreciate you (nor anyone) leveling accusations at any person on this site, let me try to address your concerns, which as an aside I share, but wo...
Apologies if I ruffled some feathers...
I apologize if I offended anyone on this forum by implying that there are nefarious intentions in posting those "sealed" ref 5650Gs. I am certainly frustrated at seeing so many sealed Patek watches and plenty of SHOW but no TELLS... I am surprised limited...
I somehow know Mr. Stern but we are not close friend. Just to clarify. But I can answer to your post:
I happen to know that Patek's instructions to their Salons and AD is not to sell the watches unopened. Furthermore, the AD are not allowed to give the packing to the clients. These carbon boxes are just packaging for shipping. The whole "double sealed" is...
NEW Directives from Patek
Saw this post from another forum regarding new Patek timepieces sold by ADs...maybe this forum has stirred up some change with Patek after all! Post from a member on another forum regarding Patek: " Earlier on today I was having a chat with an AD and they...
Thank you for sharing the info
I think it is for good. In fact, at first, the watches should never have been sold in their burgundy travel box from Patek Philippe's policy. Some retailers created the problem and people looking for reselling with a profit (without wearing the watch) app...
This is to what I was referring in my earlier posts. The letter is the second of its type and was written and distributed before the exchange here, so I'm afraid we can't take credit for it 😔
PP certainly is attempting to be proactive in addressing the problem. Unfortunately, it's not an easy challenge to overcome...
Nice to know someone was listening at Patek
It is refreshing that someone at Patek finally woke up to the fact that these pictures of the "brown" boxed limited edition Pateks are all over secondary grey markets. I concur with Mark that this issue hits harder on those limited edition pieces where av...
Patek has passed a circular letter again to their AD about the issue.
However, the rules have been the same for a longer time: boxes and plastic bags must be opened. Think about corruption: it's prohibited everywhere and still it's common in big part of the world... I am sure that Pated is very serious with this issue but t...
They could ask the dealers
To ship back the boxes to Geneva every quarter and send pictures of the every sold watch movement (number). Best, Ahmed
Probably possible.
V.I. Lenin said: "Trust is good but control is better". I'm not a fan of Lenin's thinking and thus, I think Patek should be able to trust their AD. It would be easy to say: "If an AD is caught from selling watches in travel packages, the dealership will b...
Our AD
Should have been reconsidered a LOOOOONG time ago.I believe Patek should trust ADs when they are trust worthy through clean history,Otherwise they should be under the microscope. I had evidence the AD was playing dirty games,Selling rare watches for doubl...
In some parts of the world it is difficult to find a straight
and honest AD. What should the principal do? Not to sell to that specific country? In places like Germany, UK, US it is much easier to change the AD if needed. Best, Kari
Patek should decide.
If it's better to stop selling in this country and apply there policy against grey market or revenue rules...It's there call Best, Ahmed
Theoretically so.
But how many countries they should cut from their sales network starting from Russia? Probably markets representing more than half a billion people... Best, Kari
Allocations
Whether the watch is in the travel box or sold opened won't change really the allocation process and the client they will sell it to. It just changes the small premium that was added to the price. If the client buys for investing he will still get it and ...
I'm afraid I don't really understand this.
PPs are not distributed to the market at large. Authorised dealer means something, and with it comes a responsibility. If PP wanted to stamp this out, a "3 strikes" policy would do it - 3 watches found in the wild "double sealed" and you lose your AD stat...
I agree.
But at the moment the manufacturers are having bigger issues to tackle. Best, Kari
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