Fastwong
2585
I think the price is a little nuts but I like your take. PP annual production is 9x Ferrari though, 10x RM, imo they would need to cut production dramatically to play that game.
At 70k units per year which is about AP and VC combined, they have volume to move and competition to consider.
Last thing about the Cubitus
For me it's ok. Not the best they ever made but not bad either. Indeed it's not very daring to make a square Nautilus. Using the same dial, hands, bracelet ... At least the bracelet should imo have been different. The Nautilus is somewhat rounder, so the ...
I have to humbly disagree on price.
There shouldn’t be an entry level Patek. Patek should be aspirational. When other entry brands average pricing is 8k, a 40k Patek seems appropriate. Plus one can get a secondary calatrava for half the price. Of course this is IMHO.
I remember Luca Montezemolo say something similar...
An Entry level Ferrari is a used Ferrari
According to your logic, Patek should better set the lowest price to 100k (150 for precious metal)
Patek has turned sporty, that's fine because this is what new customers want. Soon the vintage calatravas, starting from the 33 mm size, will fall drastically p.s. Stern's statements are soooooooooooo funny
I think they got tired of flippers.
So if you see what ppl Are paying in secondary market, you want to eat into that margin as much as possible. I would buy any PP sports watch at retail. And most would as well. So while the prices IS nuts, the market will certainly hold.
I think the price is a little nuts but I like your take. PP annual production is 9x Ferrari though, 10x RM, imo they would need to cut production dramatically to play that game.
At 70k units per year which is about AP and VC combined, they have volume to move and competition to consider.
That’s why one has to buy so many watches before they even consider giving you a sports model.
This new one will be the same.
A great data point!
Watches are currently around 7% of the "luxury fashion accessories market" where the major dominator is handbags. Clothes don't count because clothes aren't accessories. Every luxury group thinks they a grow that pie! And every luxury group wants to get a...
I have given up commenting on ridiculous watch prices.
As long as there are enough stupid people out there paying for these ....
You can say this about any luxury goods.
When a t shirt at Hermes or LV or LP costs over 1k usd, Patek looks cheap.
I don't wear t shirts. But I get it!
Watches are currently around 7% of the "luxury fashion accessories market" where the major dominator is handbags. Clothes don't count because clothes aren't accessories. Every luxury group thinks they can grow that pie! And every luxury group wants to get...
It’s just simple supply and demand.
I was booking a vacation this last summer and wanted to do the same trip I’ve done 4 times in the past. The cheapest room was now 4x what I used to pay for a nicer room. And the hotel was sold out! Watches are no different. Art is a good parallel as well....
It will only get more absurd!
Watches are currently around 7% of the "luxury fashion accessories market" where the major dominator is handbags. Clothes don't count because clothes aren't accessories. Every luxury group thinks they can grow that pie! And every luxury group wants to get...
Agree 100%.
With some brands your money is safe. But most watches you can buy at a discount in secondary market these days. So ppls are willing to pay premium for that security.
I think the most ridiculous issue is the fact that this is a sport watch with no water resistance..
30m? it won't hold a day in a Florida summer.. And then there is a list of flaws for an expensive 2024 watch.. The design is the last thing that worries me,
The name
Maybe its in line with the increased size to 45mm...after all, Kobe is Japan's seventh-largest city
So, actually, the new definition of 30M water resistance is not the same as before.
Now, 30M actually means 30M! New standard. Just not well publicized.
Coca Cola
All too often people are willing to give their money away even if it kills them. More money than sense and so on.
Oh! Great example!
Coca Cola is so acidic! The pH level is probably around 2.5!!! Water is 7! Wine is probably around 4! 2.5 is very acidic, that'll dissolve bone!
clearly it is a...
..TS vanity exercise. why do a new collection when you just square the nautilus, making it much worse than the original? i believe that it was done to erase genta's design legacy and create TS' legacy. unfortunately the piggybacking was done poorly from a...
Economically, it will definitely work!
A lot of dealers are reporting in a lot of orders and requests! The order books are definitely full for the next few years!
I concur. Here's my opinion. I might be slightly biased...
Some thoughts about Cubitus. The case and head of the watch are really squarish and sharp angled, almost Brutalist in architectural style. Brutalism is an architectural style using a lot of concrete, and a lot of government/university buildings in the 50s...
The 5711 today would be around 40,000 Euros.
If you look at the significant price increases across the board at Patek Philippe, a Calatrava with date is now $43,000 USD! I'd say the new watch is in line with the current pricing structure. Now, you could make the argument that a 5330 World Time watch...