Comments:
Current 5131r list please? PM fine if list can't be posted.
I forget if posting retail price is ok or not.
Thanks.
sorry...joking. $68,042.00 The couldn't jest leave the 42 off? Or maybe make it $67,999! [nt]
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Thank you for the info and yes these last figures make all the difference :) [nt]
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Not sure if it's again in the allowed section but have any others had dealers try to mark up themselves? (no names)
So your name comes up and then they try to mark it up 30-40-50 percent? I guess it's jealousy of the aftermarket markup (that THEY are supposed to control) but not a way to treat a regular customer.
I'm not sure if I understand you question well
but if you talk about some retailers showing a higher price than MSRP, I don't like that either but I'm not sure it is that unfair.
I tried to get a few watches that were limited. If they had been proposed to me, I wouldn't have bought them a single € above MSRP. However, why not, if someone likes them that much...
Indeed, I follow your point about dealing the right way with a customer but I must say that it is also a question of demand and offer, like any other good. If someone buys a 5131 just because it is limited and that he can make a significant profit by selling it a few months later only, I wouldn't have liked that either.
It is a kind of "gift" for good customers but that is just the theory as we know that it is never possible for a retailer to be 100% sure the client he selected will not sell it right away.
That's why I think that the London Exhibition price policy (for the limtied editions they unveiled for that event) was a good move. Those prices were very high compared to equivalent today but at least it says "you can have it but you'll have to pay such a price that you can't make a profit in the 5 or 10 years to come". That means that only people really liking the watches will get them while the others will pass.
This being said, I'm not sure Patek allows a retailer to add a premium but that's something one would have to check.
Best, Mark
London pieces. Mark I assume you saw this....
Don't know the circumstances but another flip.
Yes, we see them from time to time
The different limited editions, though they can also be sold to the onwer's convenience, are made so close from the event's period that it is not something I appreciate as well.
Not something we can do much about. From what I see the wide majority of owners don't seem to behave that way.
Anyway, for the ones I'm interested in, I'll never add more than a kind of inflation premium and will wait to find for instance a 5975R or G in the future.
Best, Mark
Patek ADs
would normally follow the recommended retail price (RRP) strictly irrespective on how desirable a watch may be. They will risk losing their right to supply Pateks should they not follow the RRP. Saying that, about 10 years ago I came across a Patek AD in Malaysia which charged a premium for the Nautilus 5800. This same dealer is now charging a 50% mark up on the new steel Rolex Daytona. Most annoyingly all the Rolex dealers in Malaysia including the Rolex boutique are charging a 50% premium on the steel Daytona and I am most surprised that Rolex has not stopped this from happening as it has been going for almost a year now. Yes the watch market has suffered in the last two years but this is not an excuse for ADs to abuse the RRP.
Same with the Patek and Rolex AD
In Egypt,They have in stock a 5131R and asking double the retail.Ceramic Daytona is 50% over retail as well.I refused both as much as I like them, I can't buy a watch with such premium specially if it's still in production.
Best,
Ahmed
Best,
Ahmed
I agree...
If you'rea regular loyal customer it's pretty crazy to profiteer like this. At 40% margin a dealer makes over 27k on 5131. I understand suppLy and demand and the profit motive but that other dealer will never see me again unless it's something I can't get. I guess in the long run they must think it's worth it.
And...I have never ever sold s single piece of any brand. I'm just a loyal buyer of various brands that buys what I like. Nothing to make a profit even though there have been many opportunities. And the people that I'm dealing with know that.
I salute you Anthony!
for not having sold a single piece of any brand! This I have never heard of before and I am in awe of your self discipline as I am of your available funds! 
It is for the reasons above that although I am a Malaysian and will be retiring to Malaysia in one week's time, I prefer to buy all my watches from Europe and especially from the UK because markets in the Far East are all about profiteering and discounts rather than any passion or knowledge of the product sold. For me personally, the buying experience is key.
It is for the reasons above that although I am a Malaysian and will be retiring to Malaysia in one week's time, I prefer to buy all my watches from Europe and especially from the UK because markets in the Far East are all about profiteering and discounts rather than any passion or knowledge of the product sold. For me personally, the buying experience is key.
Wow
If my AD marked the price like this I would go ballistic. I am not sure what PP policy is, but I can't imagine them liking this type of action.
I doubt
if any manufacturer will like this type of action but I would have thought that they would have better control over the ADs. Perhaps when I return to Malaysia I should apply to become a Patek AD!