dr.kol
11333
I sincerely hope so.
However, the rebates are from the pockets of the AD. They also sell the watches to the grey market. Patek Philippe is a very wanted brand and for quite a long time the manufacturer can probably push their production to the AD network and if needed, also find new retailers.
I wrote earlier today about my 5131G. Just in one market place there are 17 of these watches as per today and I know several shops whose inventory is not listed in this market place. Many Patek references that were so wanted that people paid a premium to get it, are now sold with remarkable rebates. A good example is 5960P. Today it seems to be available everywhere.
But Patek is not alone with this issue. I think that as a result of the watch hype there is an over-supply of high quality mechanical watches.
Best, Kari
Patek Philippe's annual production numbers
Hello, I am new on this forum but not really on this wonderful website. May I kindly enquire about the total annual production numbers of watches produced by Patek and the amount of emplyee on their pay roll? I understand there aren't any official figures...
Patek production
I visited Patek in 1964 when the production, I think, was 10k pieces annually; so given the growth in their business since then 40k does not sound unrealistic
Interview with Thierry Stern
Hello Z, in an interview the german newspaper "Manager-Magazin" conducted with Thierry Stern, he said that PP produces about 40.000 watches per year (10.000 quartz, 30.000 mechanical). The newspaper states the number of employees is 1.300. Best regards Ge...
Honestly, I do believe they left the 40K range...
I believe they are now between 50 and 55K. Of course, Patek explains that the production remains limited around 45K... but frankly speaking, taking into account the availability of some pieces, I think they are above 50K. Fx
in one of the interviews with T Stern he ..
... mentioned around 50,000 pieces per year with 10,000 quartz
Patek does not publish production figures so
everyone relies on what is said in interviews with Patek and maybe some "insider" information. I've read where T.Stern is quoted with 40,000 pieces and at another interview at the 50,000 level. Recently, I read the number of employees is around the 1600 m...
I've heard 40,000 mentioned a lot by different employees..
..of patek Philippe but maybe they are told to say that.
Follows the big question whether
the largely increased production numbers and therefore availability at the AD's make the current PP collection less desirable, less collectible?
I would say that the watches are not
less desirable but very many models are less of interest to collectors. The most complicated watches will always be, however, rare. Best, Kari
Well, here is the "official production number" from "The Man" himself
Dear All, Thierry Stern recently stated Patek’s production number to be between 50-53K in an interview to “Le Temps” (Geneva based newspaper). Extract below is from the article (in French). Best, Stan L’interview de Thierry Stern Samedi9 mars 2013 «Croîtr...
I was in Geneva this summer
53000 total 13,000 quarts, 40,000 mechanical Of the the mechanical only 2100 or so are grand complication.
Guess How Many World Timers?
Anyone want to venture a guess as to how many World Timers are made in a year?
If we really think about it
It is quite a lot of watches every year. I mean we are talking about watches with an average price of CHF 20-30'ooo- at least. There are a lot of wealthy people buying a lot of watches it seems. If you compare it to say, FP Journe, or Lange- PP is involve...
The large production numbers have their impact.
A short while ago a "Grey Dealer" gave me a list of 17 different references he can sell with over 20% rebate. Among those were several 2013 models plus some well-appreciated references. I have also been following the secondary market for years. The number...
Interesting
Very interesting points you made. I didn't think of the consequences that such production nrs can have. It is no wonder the grey market becomes very active. I think the family is well aware of this 'potential problem' and will not let it get out of contro...
I sincerely hope so.
However, the rebates are from the pockets of the AD. They also sell the watches to the grey market. Patek Philippe is a very wanted brand and for quite a long time the manufacturer can probably push their production to the AD network and if needed, also f...
the customer is the AD
Patek's customer is the AD. As long as Patek can get their price from the AD, they will put as many watches out there as possible. In the mix will always be some references of hard to get, small prod. number pieces, which are worth their weight in free P....