Richemont dismantles unsold stocks of Vacheron Constantin and others
Tick Talk
As reported in The Guardian on 18 May: https://www.theguardian.com/business/2018/may/18/richemont-destroys-nearly-500m-of-watches-in-two-years-amid-buyback-policy
Comments:
Teacher Yang May 21st, 2018-09:18
Thanks tick-talk for sharing this.. Its an interesting read.. Yang
sham1 May 21st, 2018-09:30
Sounds like a desperate measure All those lovely unsold watches. Perhaps if the pricing was correct in the first place, they would not have had to resort to this!!
foversta May 21st, 2018-13:41
it is not just a question of price, it is also a question of attractivity of the offer. Price is less an issue when products are attractive.
alex May 22nd, 2018-01:58
I agree FX but would rather talk about perception. You can have an attractive watch at $5000 and perception would be that the price is too high and you can have a watch at $50,000 and the perception could be you are getting a great bang for your buck!
redcorals May 22nd, 2018-03:42
+1 It is all about perception when it comes to value or investment. Most ppl are followers.
mohammad May 21st, 2018-23:37
I can see a Vacheron Constantin Perpetual and Minute Repeater NaturalyVacheron Constantin Perpetual and Minute Repeater will be Expensive , no way they can reduce its price . Too bad such a beauty was not sold . wish I could afford it .
sham1 May 22nd, 2018-01:55
I disagree! Most watches are currently overpriced due to profit margins of the company and the ADs. The prices of watches have gone up a lot more than the cost of making a watch over the last 15 to 20 years. Any watch not sold is really the fault of the company marke...
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