No Purchase History, First Boutique Visit

[In-N-Out]

Originally Posted by GW44

No offence but I fail to understand these kind of statements in relation to a brand like AP.

The secondary market movements are pretty much irrelevant to new AP watches, their demand and how the SA’s are able to allocate them.

AP could easily sell every watch they make 2,3 or 4 times over and unless the whole market crashed utterly so every watch was “worth” less than list not a lot is going to change with what’s realistic to be allocated as a new customer to the brand.

Please allow ChatGPT to offer an explanation:

Secondary watch resale values significantly impact how difficult it is to get an allocation from boutiques for brands like **Audemars Piguet (AP)** and **Patek Philippe**. Here's why:

1. **High Demand Due to Resale Premiums**: When watches from AP and Patek sell for significantly higher prices on the secondary market, demand increases among both collectors and speculators. Many people seek to buy directly from boutiques because they know they can flip the watch for a profit. This intensifies demand for allocations, making it harder to secure one.

2. **Boutiques Favor Long-Term Clients**: Because of the booming secondary market, AP and Patek boutiques often prioritize selling to loyal customers who have a history of purchasing multiple watches and are seen as long-term collectors rather than flippers. This means new buyers or those without an established relationship with the boutique have a harder time getting access to sought-after models.

3. **Boutique Vetting**: To combat the secondary market's impact, boutiques may vet potential buyers more rigorously. They might ask buyers about their collection and buying intentions to ensure they aren’t just trying to flip the watch. A high resale value raises the stakes for boutiques to carefully select who gets an allocation.

4. **Limited Supply & Exclusivity**: When watches are flipping for high values, brands like AP and Patek might further limit supply or adjust their allocation strategies to ensure exclusivity. This makes it even harder to get a watch directly from the boutique, as demand continually outstrips supply.

In short, high secondary resale values make allocations more competitive because they attract a wider pool of buyers, including those looking to capitalize on the watch's investment potential. This drives up both demand and boutique selectiveness.

[messikens]

Originally Posted by In-N-Out

Please allow ChatGPT to offer an explanation:

Secondary watch resale values significantly impact how difficult it is to get an allocation from boutiques for brands like **Audemars Piguet (AP)** and **Patek Philippe**. Here's why:

1. **High Demand Due to Resale Premiums**: When watches from AP and Patek sell for significantly higher prices on the secondary market, demand increases among both collectors and speculators. Many people seek to buy directly from boutiques because they know they can flip the watch for a profit. This intensifies demand for allocations, making it harder to secure one.

2. **Boutiques Favor Long-Term Clients**: Because of the booming secondary market, AP and Patek boutiques often prioritize selling to loyal customers who have a history of purchasing multiple watches and are seen as long-term collectors rather than flippers. This means new buyers or those without an established relationship with the boutique have a harder time getting access to sought-after models.

3. **Boutique Vetting**: To combat the secondary market's impact, boutiques may vet potential buyers more rigorously. They might ask buyers about their collection and buying intentions to ensure they aren’t just trying to flip the watch. A high resale value raises the stakes for boutiques to carefully select who gets an allocation.

4. **Limited Supply & Exclusivity**: When watches are flipping for high values, brands like AP and Patek might further limit supply or adjust their allocation strategies to ensure exclusivity. This makes it even harder to get a watch directly from the boutique, as demand continually outstrips supply.

In short, high secondary resale values make allocations more competitive because they attract a wider pool of buyers, including those looking to capitalize on the watch's investment potential. This drives up both demand and boutique selectiveness.

Amazing how ChatGPT makes more sense than a select percentage of forum members... But is definitely less interesting to read


Sent from my iPhone using Tapatalk

[GW44]

Originally Posted by In-N-Out

Please allow ChatGPT to offer an explanation:

Secondary watch resale values significantly impact how difficult it is to get an allocation from boutiques for brands like **Audemars Piguet (AP)** and **Patek Philippe**. Here's why:

1. **High Demand Due to Resale Premiums**: When watches from AP and Patek sell for significantly higher prices on the secondary market, demand increases among both collectors and speculators. Many people seek to buy directly from boutiques because they know they can flip the watch for a profit. This intensifies demand for allocations, making it harder to secure one.

2. **Boutiques Favor Long-Term Clients**: Because of the booming secondary market, AP and Patek boutiques often prioritize selling to loyal customers who have a history of purchasing multiple watches and are seen as long-term collectors rather than flippers. This means new buyers or those without an established relationship with the boutique have a harder time getting access to sought-after models.

3. **Boutique Vetting**: To combat the secondary market's impact, boutiques may vet potential buyers more rigorously. They might ask buyers about their collection and buying intentions to ensure they aren’t just trying to flip the watch. A high resale value raises the stakes for boutiques to carefully select who gets an allocation.

4. **Limited Supply & Exclusivity**: When watches are flipping for high values, brands like AP and Patek might further limit supply or adjust their allocation strategies to ensure exclusivity. This makes it even harder to get a watch directly from the boutique, as demand continually outstrips supply.

In short, high secondary resale values make allocations more competitive because they attract a wider pool of buyers, including those looking to capitalize on the watch's investment potential. This drives up both demand and boutique selectiveness.

Thank you Mr ChatGPT.

My simple questions would be……Are watches consistently in strong demand watches (from AP or PP etc) much easier to be allocated now the market is somewhat different?

Do SA’s that are credible and effective in managing customer demand allocate hard to get watches more freely as the secondary market is not as strong?

The answer, in both cases, is “no”

Over to you Mr ChatGPT.

[wcgreiner]

They most likely won't sell any offshores. They will stick you with the AP Code.

[Rollieo]

Originally Posted by GW44

Thank you Mr ChatGPT.

My simple questions would be……Are watches consistently in strong demand watches (from AP or PP etc) much easier to be allocated now the market is somewhat different?

Do SA’s that are credible and effective in managing customer demand allocate hard to get watches more freely as the secondary market is not as strong?

The answer, in both cases, is “no”

Over to you Mr ChatGPT.

I think we all agree that supply isn’t changing much. With secondary prices coming down, it’s expected that demand will come down. Now does allocation make a difference when there’s 3:1 demand:supply, or if it’s 6:1 demand:supply?

I think In n Out (and ChatGPT) is saying yes. I agree. Bottom line, if there’s a smaller pool of people asking for it, there will be a higher chance to get an allocation. The only way this wouldn’t be the case, is if the demand is so high that they could sell 2-3x over with pre-existing collectors/customers, then arguably the new customer is never getting anything whether demand goes from 6:1 to 3:1.

But I don’t think existing collectors/customers are buying up all the SS ROs, unless they’re flipping them. Which AP doesn’t want either.

[srvrf]

I think an honest discussion with realistic expectations is all you can do. When I've submitted lists I always put them in order of preference, but then have other watches I liked and was prepared to buy if offered. So with AP, I was offered a black dial 43mm ROO (on list - bought) and then two months later a gray dial 38mm ROC (on list but in different color - bought) and then two months later a blue steel Code chronograph (bottom of list but did not buy - too soon). So now, my list is a Jumbo and a Starwheel although I'm pretty happy with what I've got.

It worked better with Patek when I had an AD (5167R and 5712/1A as first two), and VC (Retrograde Overseas as first) so desirable sports watches can be obtained.

[Octagon Guy]

Originally Posted by wcgreiner

They most likely won't sell any offshores. They will stick you with the AP Code.

FYI, I waited for 2 years before I received my CODE allocation. I was offered a RO during my wait which I turned down.