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14 September 2024, 06:54 AM | #31 | |
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Join Date: Jan 2023
Location: USA
Posts: 825
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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. |
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14 September 2024, 07:45 AM | #32 | |
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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 |
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15 September 2024, 10:00 AM | #33 | |
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Join Date: May 2012
Real Name: Gareth
Location: Surrey, UK
Watch: AP/Rolex
Posts: 2,236
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Quote:
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. |
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Yesterday, 01:21 AM | #34 |
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Join Date: Jul 2024
Real Name: Chris
Location: California
Watch: Rolex Daytona
Posts: 1
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They most likely won't sell any offshores. They will stick you with the AP Code.
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