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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foversta
A fun afternoon at the Vacheron boutique of Paris
foversta
One of my biggest pleasures is to walk around and on the rue de la Paix, Place Vendôme during the week-end. And when you receive an invitation from Vacheron to attend an event on Saturday to discover several novelties, you know that the day will be even more exciting than usual! It is the reason why I came to the boutique at the beginning of the afternoon with a quick step... and I discovered an unusual car parked in front of the entrance door... This car was belonging to David, the shoe and leather cleaner! ...
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