Patek Philippe

This morning I was told that Patek does not want to increase the production anymore. On the contrary ... After all it still is a family business without annoying shareholders who want more profit year after year (Richemont, LVMH, Swatch Group,...) , and m... 

PP has increases production substantially, especially of the complicated pieces, in recent years. You can see at the dealer-level this is the case. I applaud that they're not increasing further but I'd love for them to release their production figures for... 

And also: I am sure that we will see some former "hot watches", "big guns" or name it a 5204 an a like in the Ads windows soon. Times are changing ... And the Chinese market is and might be regulated in a way that we do not entirely know as we are not in ... 

for a so called exclusive brand. Puh-leeeease!

best, Horo

Because they are independent, they can do anything ... even increase production on Monday if they choose to do so. They do have shareholders ... the owners themselves, and be assured they are motivated by money just as much as the conglomerates. And, they... 

The Chinese pay a wealth tax in China but my local AD has told me the Chinese are buying loads of Pateks and taking them home themselves thus avoiding the duty, does this mean the sales in China are low because of this?

I've already heard this explanation for the Patek boutique success in Paris, which is now integrated by the tour operators organizing the visit of Paris for chinese people. Last months, I had a strange experience place Vendôme at Patek. I wanted to try a ... 

The retailers prefer selling to them as they settle their purchases in cash.

Some ad give up to 20% off And then the vat 20% Even if they don't they are still better off by the Vat

about the MONEY....  

were spent on Patek watches in the past 10 yrs.

Except for the very high end rare pieces, the resale value on PP is very soft due to the high retail pricing and supply glut currently occurring. I think PP sees this as detrimental to the brand and is responding.

easy peasy...talk is cheap. realizing that market is too long on unsold Pateks more likely the case. AP same thing, this year, production and sale of Royal Oaks have been trimmed and inventory levels thinned. last year, the whole market flooded with ROOs,...