mac_omega
1375
It is not a theory - it is reality!
And it was tried by Omega as well - see the auction results of the Omegamania auction!
The difference is: PP has manufactured far less than Omega, so the PP market is small and this rises the prices.
Omega was not as successful as PP - prices went up on rare pieces but the "wide offers" did not really move as there are plenty of Constellations, Seamasters, Speedies,... fantastic watches but far tooooo many on the market...
That is the difference with PP: they built about a total of 4500 watches a year in the past 1930 - 1960ies with a rapid change of models - so there are 500 pieces or less of some references without any "limited edition" activity as seen on many brands in our days. Is a number of 2000 pieces really something limited for collectors?
Limited editions are pure nonsense if the number is not below let´s say 100-200 pieces.
PP does not need to produce l.e. (except some special pieces at special anniversaries) as the total output is a "natural" limitation. This makes PP a collectors brand as it was in all the past.
The thematic auction though was a clever marketing event to raise the interest in the brand - and it worked!!
just my 2 cents
erich
Is it "marketing manipulation" or "excellent marketing"?
Hi, I think I understand your point but Patek Philippe is also a business doing some excellent marketing (IMVHO)! Then is it manipulation, or just efficiency of the marketing mix? Cheers Dje
Manipulation has a moral content
Hi, Manipulation is a word with a very bad moral content. I don't see anything with a bad moral content in PP's policy! So I think manipulation is not acceptable to define their policy (unless you can prove a manipulation). By the way, do you really think...
Exclusive - would like to have one - classic watches - family run company
...sorry for the multiple first thoughts ! anaesdoc
Rolls Royce- - My exact words!!!!
The best of the best!! To some extent, only a real connoisseur will know what he/she is looking at when examining a PP; similar comments could be made about RR too. Otherwise its just a SS watch that has a minute hand, hour hand, second date, and date win...
Dress watches
PP obviously makes some elegant sportwatches (Aquanaut, Nautilus), but I look at them as traditionally-sized dress watch makers first and foremost. Cheers, Daos
Rubbish
A lot of mecanical problems with all watches I have bought. Price which does not have any correlation whatsoever with the real quality. An arrogant manufacturer like nobody else. Slow and poor quality service. All in all, an overvaled brand which has been...
Stopped after 2 years? oh my...
Based on your experience with PP, I'd see no more good reason for you to acquire anymore in the future. Hope you get your watches back in normal condition for you to enjoy...lucky for me, I got no PP eheheh (er, why am I laughing?)
This old theory about auctions!
Hi, I've read or heard this theory for nearly twenty years (nearly since the 1989 historic sale)! I've visited the Patek Philippe Museum. I'm glad Mr Stern bought all these watches to create such a fantastic museum. Then I can still think that he didn't b...
It is not a theory - it is reality!
And it was tried by Omega as well - see the auction results of the Omegamania auction! The difference is: PP has manufactured far less than Omega, so the PP market is small and this rises the prices. Omega was not as successful as PP - prices went up on ...
I don't get your point!
Hi, I agree that the Patek Philippe production was much less than the one of Omega (and still is of course). Then I'd be happy to know where you got your production figures? I admit that a thematic auction can be an efficient way to raise an interest abou...
The vast interest started
Hi Dje, I only wanted to point out that the vast interest in PP started with the thematic auction, now it continuous through the clever management of the brand and of cause due to the high quality of the watches. And the small numbers produced (with the ...
Thank you!
Hi, Thank you for explaining your point. That makes a difference. Cheers Dje
Well-marketed with perception of rarity and inflated value...
...which in turn benefits the owners as well as the whole watch industry. I mean as compliment because I, too, am an owner
independence
Patek make watches as they see fit, not as fashion demands. That makes them iconic.
A great question.
And a very hard hitting and evocative question. Loved the answers, ranging from " horological exellence" to " rubbish", although I would question the latter's response. Personally, I have always loved beauty and craftsmanship in anything made by man. I've...
Overpriced fantastic watch. That 315/324/3xx and 240/24x have been so amortized
in cost, they must be getting a hefty return by now. $17,500 list for a 5167? Oh well, as out of line as I think it is, I wear it every day with pride and happiness.
Average
"You never really own one, you merely keep it for the next generation". A marketing masterstroke! I've had a 5035G, and moved on after realizing that Patek Philippe, while a good watch, is merely average in quality. Much prefer the Richard Lange and F.P. ...
So you could say, " You never really own a Patek,
, you merely keep it for E-bay or the Collectors Market."
A brand that was on top of its game
A stalwart, however the innovation and daring that made it so great in the past is gone. Now we get the same watch in another metal colour and another price increase. Lets hope the current watch market consolidation will stir them into action. Regards Ren...
Numbers...5970, 5050, 5004, 5102, 5013, 5016.. then..
Waiting list..Factory Sealed..Premium..
Good ones: Prestige, Top quality. Bad ones:
#1 vehicle for flippers/collectors to make money.
Overpriced, nice, hyped, nice, marketing, nice
Nice, overrated, nice, historical nice. I clearly have mixed feelings about PP.
Maybe (or surely) is it seemingly true as seen from your side but....
Hi, Nobody's perfect in our world, for sure! Still your words are particularly aggressive! Maybe you would want to explain why you see such a black portrait of Patek Philippe? And let me thank you to take the time to read us if you dislike so much Patek P...
Independent, honest, consistant, beautiful...
It is a manufacture that undertstands watches and enthusiasts. One of two manufactures (the other is Rolex) that I trust what they promise.
Please take that into account
Hi, Please take that into account patek.watchprosite.com and try to reformulate respectfully! Also please take the time to justify what you write if you want to accuse! Thank you Dje This message has been edited by Dje on 2009-10-01 02:01:59