I wonder ... Is Patek 'not expensive' today
I didn't dare to say 'cheap' Here's why... I'm browsing through a pretty old catalog. Not what we should call vintage but since it was printed in 1996/1997 I think I can say it's an older catalog. It's nice to see some discontinued models. But the really ...
I don't want to
maybe you misunderstood my post or maybe I wasn't clear but I really didn't want to talk about investments
Do you mean that they are all made 13 years
ago and stocked until now. So the price registered in the book is almost the same. LOL +++++++ Whatever, we like them a lot )) Cheers Patrickh
Eoru vs. Dollar
I don't recall the conversion factor at that time, but I am fairly confident that the Euro cost less than a Dollar. I recall a trip to Austria wherein a Euro was approximately 75 cents. 2001 or 2002? Might this be part of your answer? William C
CHF
We should look at the Swiss Franc, EUR/USD doesn't matter because when they leav the factory the price will be quoted in CHF But that might indeed be a part of the reason
Expensive is always relative
Over the last 13 years we have lived through a huge bubble. What I do not like is the inelasticness of prices. We saw global markets loose ~35% of their value, yet whether it is Patek Philippe, petrol or steak, we do not see these prices follow the market...
I dare say that as they are already very expensive
There is lesser room for growth unless it's really rare and very unique from the dress. Who would pay for a common vintage calatrava (for eg.) if they are priced 100k upwards if you use the normal inflation to adjust a today's value? Rollie on the hand is...
It could be a number of things.
Perhaps the pricing depends on their Patek's Profit Margin. Or it could be their "discreet" target audience. Rolex goes up because of its"popularity", Or maybe they just want to nice guys! Forty percent in thirteen years? That's right around three percent...