dreamer
101
some truth
in what you read.I have also read that as sales slows in the US, watches are diverted and sold in Asia and China ( includes Hong Kong) where demand is booming. All the swiss watch brands are happy as sales growth dip in the US are all taken up elsewhere where the economy is still booming eg . China , Asia and Arabia.To give an eg. Richemont sales increased by 6 % in the US last financial year but increased by 25 % in China ( includes HK ).In China , just a few years ago, Omega was very prestigious, then Rolex.Now Patek and VC are very sought after.That is why VC is opening more VC boutiques in China. As to shortgae of skilled watchmakers, that is for all swiss brands.
patek philippe watches in asia and india
i was reading an article in financial times explining that the u.s. economy is so slow that alot of high end watches are being sent asia india and arab countries. is that your knowldge too. it seems sometime difficult to find a given model. also i read th...
To the best of my understanding,
Asia market (both China and Hong Kong inclusive) accounted for around 44% of the total sales and the aggregrate sales in China and Hong Kong already accounted for around 33%. I am not sure whether these figures are correct but, based on the pace of PP set...
I think you're wrong
I've once been told that the biggest market for Patek is Europe. Can't remember the figures anymore but I think 40-45% of the total production is for Europe, Asia gets around 30-35 % and the US 25-30%
Well... without independent verification on the figures
none of us are certain about the real breakdown but one thing I am sure is that I have seen lots of relatively rare models including 5004, 5102, 5960, 5070, 5980 and a set of 5076 in the boutique in China. These models were for SALE and not only for DISPL...
Yes but problem is the price in China is about 30% more than that in HK
so the reasons they are still available
Patek in india
I've not seen or know of any Patek retailers in India or indeed come across any serious collectors of Pateks in India. Indians who collect Pateks elsewhere in the world sure...including me (vintage) ! Personally I don't think recession stuff affects the m...