solicitor
12
OTOH....
this may be temporary because there is saturation of the market...
and that the Patek market is really not affected by the 'economy' because there will always be a segment/market (even half percent of the richest ) that will buy/desire a Patek...
and that the price ratio/proportion of high-end watches are almost the same level as it was 20 yrs ago e.g. the simplest Calatrava was 4 times more expensive than a GMT Rolex back then (at least in the Philippines);
in marketing ultra luxury products, economy and products are secondary...its always ideas.
Just my thoughts (I may be wrong)
The party can't last forever.
By: whit : July 12th, 2012-09:30
The economy stinks in so many parts of the world, so really, this comes as no surprise at all and I would suspect it to continue for a while. Adding to the problem has been a hint of arrogance instead of gratitude that has found its way into the high-end ...
OTOH....
By: solicitor : July 12th, 2012-21:21
this may be temporary because there is saturation of the market... and that the Patek market is really not affected by the 'economy' because there will always be a segment/market (even half percent of the richest ) that will buy/desire a Patek... and that...