LarryFRCGP
193
Points taken again, but
I am just perplexed about what Mr Theirry Stern is heading towards in terms of marketing if he decided to extend the genera of the CH 29-525 PS originated from the intangible 5959 to form the 5950A and 5951. So now we have three versions of the split second chrono based on the ultra-thin split seconds, each mounti8ng to > 350,000 CHF for each. Now what? They are likely to become museum piece because of their intangible high premium.
On the other hand, if Mr Stern will develop another split seconds perpetual chrono basing on the cheaper non-ultra-thin CH 27-535 PS, and make a replacement for 5004, how would they differentiate this 5004 replacement with the gold-reference 5951? How can a buyer be pursuaded to spent 100% more on just a ultra-thin version of the split-seconds perpetual chrono?
I just still don't get it.
When I start buying Pateks in 1990's things are much more simple: The best chronos remain to be hand-wound and Lemania based. To me, my 5070J and 5020R has been keeping near-atomic accuracy (+0.5 second in 4 days) and I still like them everyday.
As we speak, Patek has a few versions of the automatic chronos and now came the 5170, 5950, 5951...and you say Patek will replace 5004 with yet another (cheaper) new split seconds perpetual chrono caliber...
I don't think Patek collectors can catch up...honestly.
I maybe outright wrong, but I guess Thierry will just stick to the 5951 for a good good while so that anyone who want a split second perpetual chrono will just need to fork out half a million francs for it, 5004 being discontinued this year of course.
My 2 cents,
Larry
Fate of 5004
By: LarryFRCGP : March 20th, 2010-21:15
Now that 5951 and 5950 have been announced and I guess the Lemania based split-seconds chrono perpetual should be discontinued every minute. I also wonder what the mark price for a 5950A and 5951 is. If 5004 is not to be discontinued, would it be marked u...
I don't think so
By: Bruno.M1 : March 21st, 2010-02:03
The 5004 isn't discontinued yet and I don't think it will happen pretty soon. At least not in 2010 and probably not 2011. Why ? Because the 5950A and 5951P are much more expensive. They use the same caliber that is used in the 5959. if they could only off...
points taken, Bruno,
By: LarryFRCGP : March 21st, 2010-06:13
But what startegy is Patek following by dividing the split seconds perpetual chrono into a upper class with in-house movements (5951) and the existing more affordable 5004? I am just worried that Patek will upstage all split-seconds perpetual chrono in li...
well...
By: little501 : March 21st, 2010-09:27
Perhaps your view is correct... Likely that there is not enough "watch masters" in Patek to make the split seconds...from the queue of 5004 we can get it... So, by economic principle...increase price is a very reasonable way! In fact, split second chrono ...
no way
By: Bruno.M1 : March 21st, 2010-10:28
I can't believe they would ask the same for a 5004 as what the ask for a 5951. That is not the way they do busniness. The 5004 might rise 3 or 5% per year (like almost every watch does) but I really can't believe they would raise it 100%. They just can't ...
Equally Bruno,
By: LarryFRCGP : March 21st, 2010-10:37
How would you justify a 100% more premium for a 5951 just for its in-house caliber? Setting a split-seconds perpetual chrono at the price tage of 500,000 CHF is really beyond reach for the ordinary collector. And 5951 does not contain any special inventio...
Disagree
By: zjpj : March 21st, 2010-10:40
Its "special invention" is that it's ultra thin - the thinnest split-second caliber ever made. A lot of R&D went into the design of that caliber. The 5004 is extremely thick, whereas the new watch is very wearable. For you, perhaps, there is no differ...
different movements !
By: Bruno.M1 : March 21st, 2010-11:10
Larry I think you're confusing 2 movements. I agree that the 5951 is very expensive but you can't compare it with the 5004. The 5951 has the Caliber CHR 27-5 2 5 PS Q which is a modified Caliber CHR 27-5 2 5 PS which we find in the 5959. The 5959 was sinc...
Points taken again, but
By: LarryFRCGP : March 21st, 2010-14:51
I am just perplexed about what Mr Theirry Stern is heading towards in terms of marketing if he decided to extend the genera of the CH 29-525 PS originated from the intangible 5959 to form the 5950A and 5951. So now we have three versions of the split seco...
because they can
By: Bruno.M1 : March 22nd, 2010-09:29
Larry, if they had clientele for the 5959 I'm sure a lot of these collectors will also show interest for the 5951. And they have the clientele otherwise they wouldn't have made the 5950 Also, the production will probably very low. i don't think they will ...
