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28 November 2021, 11:14 PM | #1 |
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It’s all exactly the way it’s intended
From an interview of F-HB earlier this fall, by the in-house gazette of a private business school here in Switzerland:
For the few to whom it may not have been obvious, F-HB is of course François Henry Bennahmias, the CEO of Audemars Piguet over the last 10 years Gesendet von iPhone mit Tapatalk
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28 November 2021, 11:44 PM | #2 |
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From my reply on the other thread:
He is overdoing it. Enzo Ferrari had the right idea: "Build one less than demand." Obviously the implication is that you try to keep up with demand without actually meeting it. F-HB is failing at this. |
29 November 2021, 12:46 AM | #3 | |
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Quote:
AP are increasing capacity from ~40k to ~60k watches over the next years. Quickly doubling or tripling production couldn't be done in-house (or in Switzerland, where the unemployment rate just fell to a 2.6% (!) all time low). Should they outsource production to third-party suppliers in China? I've stopped buying some brands that went that route, but maybe most don't care. |
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29 November 2021, 12:58 AM | #4 |
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I would assume those are brands making leather wares and apparel, not watches, right? Otherwise, please do drop names. Would be interested to know who would have been looking towards Asia among the big names.
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Greetings from Switzerland Remember, the dignity you surrender at your AD‘s doorstep will never be recovered by wearing the watch he may get you. |
29 November 2021, 01:28 AM | #5 |
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29 November 2021, 02:37 AM | #6 |
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I know car dealerships do this but I’m not sure how this preowned initiative is going to work. If you want to trade your AP at an AD to upgrade does the AD view this as a positive or negative? And if the market price is above msrp how does that work?
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29 November 2021, 02:52 AM | #7 |
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You’d want to trade your pre-owned watch at ‘market price’ but buy the new one at MSRP? Lol
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29 November 2021, 03:00 AM | #8 |
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I've inquired about this in several boutiques, but was unable to piece together a complete picture. But yeah, message was that they are not going to pay market price for a watch they just sold you at MSRP. However, if trading in below market generates some goodwill for hard-to-get pieces that might still make sense for everyone involved.
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29 November 2021, 03:13 AM | #9 |
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That’s the problem with OEM certified pre owned, it works on the assumption that the products depreciate with time.
Bucherer has the same issue, as they also sell new and CPO. Their solution is to do CPO only on discontinued references, which is likely the way for AP to do this as well. How does RM do it? Does anyone know?
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Greetings from Switzerland Remember, the dignity you surrender at your AD‘s doorstep will never be recovered by wearing the watch he may get you. |
29 November 2021, 03:19 AM | #10 |
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They want to make money twice or 3 times on the same piece. This encourages them to maintain value of their product. How they actually do it who knows? I suspect major low ball offers in exchange for “access” to something else at MSRP. So essentially we would be better off going grey because same delta
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29 November 2021, 11:31 AM | #11 | |
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Quote:
Bundling: Independent Ferrari franchise dealerships in North America. Requiring relationships and history for the "hot" and limited models: Ferrari S.p.A. Producing slightly less than demand: Ferrari S.p.A. Producing dramatically less than demand, and pretending like the demand is still at pre-2018 levels: Watch Manufacturers such as Audemars Piguet, Patek, etc. |
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