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2 February 2021, 04:11 AM | #31 |
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Wow,
As a hobby project I'm tracking Patek dealers coming and going. Yesterday, nine dealers disappeared from the website, that is a big drop ! One shop in the list was gone months ago Dealer name Bauer & Co. S.A. Dealer address Carrera 11 No. 82-71Centro Andino - Local 143 Dealer postcode 110221 Dealer city Bogotá Dealer country Colombia Dealer name D'Amore Jewelers Dealer address 731 Anderson Avenue Dealer postcode NJ 07010 Dealer city Cliffside Park Dealer country United States Dealer name Gobbi 1842* Dealer address Corso Vittorio Emanuele II, 15 Dealer postcode 20122 Dealer city Milan Dealer country Italy Dealer name Govberg Jewelers Dealer address 65 St. James Place Dealer postcode PA 19003 Dealer city Ardmore Dealer country United States Dealer name H. Stern Dealer address Av. Rio Branco, 128A - Centro Dealer postcode 20050-005 Dealer city Rio de Janeiro Dealer country Brazil Dealer name H. Stern Dealer address Shopping IguatemiAv. Brigadeiro Faria Lima, 2232 - TérreoLoja 2AJardim Paulistano Dealer postcode 1452-002 Dealer city São Paulo Dealer country Brazil Dealer name Haltom's Jewelers Dealer address 317 Main Street Dealer postcode TX 76102 Dealer city Fort Worth Dealer country United States Dealer name Lux Bond & Green Dealer address 416 Boylston Street Dealer postcode MA 02116 Dealer city Boston Dealer country United States Dealer name Orr’s Jewelers* Dealer address 532 Beaver Street Dealer postcode PA 15143 Dealer city Sewickley Dealer country United States Dealer name Tektas Watches & Jewellery Dealer address Ünalan Mah. Libadiye Cad.Emaar Square AVM. No:82/1 İç Kapı No:3 Mağaza No: 551Üsküdar Dealer postcode 34700 Dealer city Istanbul Dealer country Turkey Dealer name Watchtown Dealer address Al Malky Area Hanano street - P.O. box 3315 Dealer postcode Dealer city Dealer country Syrian Arab Republic |
2 February 2021, 04:29 AM | #32 |
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Wow D’amore in NJ is losing PP? They lost Rolex a few years ago too!
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2 February 2021, 06:20 AM | #33 |
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2 February 2021, 08:27 AM | #34 |
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Damn , Govberg out ( well one of the 2)
Yeah they are following the AP path
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2 February 2021, 08:45 AM | #35 |
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there used to be three boutiques in Saudi Arabia in the three major cities: Riyadh, Jeddah and Khobar. i know for sure they closed the Jeddah boutique. not sure why it was closed but (i did hear about shady dealing by an associate there)
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Current Collection: PP 3700/11AJ, PP 5170G, PP 5320G, PP 5712/1A, APRO 15500, Rolex 116234, Rolex GMT Master2 BLNR, Omega SMP, Baume & Mercier M0A10280 |
2 February 2021, 08:48 AM | #36 | |
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Quote:
also why did Goveberg lose there AD status?
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Current Collection: PP 3700/11AJ, PP 5170G, PP 5320G, PP 5712/1A, APRO 15500, Rolex 116234, Rolex GMT Master2 BLNR, Omega SMP, Baume & Mercier M0A10280 |
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2 February 2021, 09:39 AM | #37 | |
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You sure about that. Govberg still advertises they are pp ad Rolex and pp ad selling preowned watches with all the hot models is bad for optics IMO. New inventory empty but loaded with preowned with watches, some sold month before ... hmm. |
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2 February 2021, 10:10 AM | #38 | |
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Quote:
It looks like just the Ardmore location is out. Philly still sells PP as far as I know . Sent from my iPhone using Tapatalk Pro |
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2 February 2021, 12:37 PM | #39 |
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You can add to the list an old old line jeweler in Baltimore, J Brown Jewelers . Very sad , I bought a 5711R and a 5990 last year and now at first part of last year they closed the door. Sadly I now have no ad who will even wait list me . :-( james I San Antonio Tx
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2 February 2021, 01:07 PM | #40 | |
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Quote:
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2 February 2021, 03:33 PM | #41 | |
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Quote:
Sad to say you’ll start at square one. Had this happen time last year, I contacted a number of ADs and needless to say I got the typical “blah, blah, blah” sales pitch as a “new” customer. Luckily, I did end up finding an amazing AD a few months later and have been extremely pleased with them (more so than the last). I wish you the best of luck. It’s not easy starting from scratch. |
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3 February 2021, 03:51 AM | #42 |
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Orr's was a great AD! I'm sad to have lost them. No one in Western PA now.
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3 February 2021, 04:00 AM | #43 |
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This has been happening for a while and do not think its for any specific reason that the AD "did something bad". I think PP is just consolidating their dealer network and this makes sense for many reasons.
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3 February 2021, 04:09 AM | #44 |
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If there was ever a time scale down ADs, bring out Boutiques (both via new ADs/existing ADs or self-owned), this would be the time.
If PP wants to continue to be on the top, they are going to have to invest in their store front appearance. Their product itself is fine (and consistent), but the AD presentation has been lacking for a bit. |
3 February 2021, 05:53 AM | #45 | |
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Quote:
ADs want to have Rolex and Patek because of the "prestige" factor. However if they are not able to generate sales the normal way and leak a lot of watches through the backdoor, naturally they will be on the chopping block for losing their AD license. |
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3 February 2021, 06:13 AM | #46 |
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Gobbi in Milano getting the boot seems like a big deal, or am I wrong? They sold dual-signed Pateks and such back in the day. Including this baby: https://www.christies.com/lot/lot-pa...ghly-6235645/?
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3 February 2021, 06:30 AM | #47 | |
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Quote:
Yes I am sure Patek removed the AD status from one Gobverg store but they still have one left. That’s why they still advertise Sent from my iPhone using Tapatalk
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3 February 2021, 07:39 AM | #48 | |
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3 February 2021, 08:07 AM | #49 | |
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Quote:
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3 February 2021, 08:09 AM | #50 |
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3 February 2021, 08:34 AM | #51 |
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Haltom's in Fort Worth. Wonder if that is related to the price of oil? A lot of west Texas oil money flows through Fort Worth. Sorry to see that happen.
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3 February 2021, 08:50 AM | #52 |
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Overall its pretty sad. Bad for the jeweler.
Also a disappointing departure from the tradition of Mom and Pop stores that built both the PP and Rolex brands in this country. Both chain and boutique stores can serve the same purpose as a small store in an urban area. Small stores can also service areas that are often rural and not the best fit for a chain store.... |
1 February 2022, 10:25 PM | #53 |
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And another massacre in PP dealer country. 377 in 2021, 369 now. When I started looking in 2020 there where 388.
Gone are: ID 42 Dealer ID 154 Dealer name Boglietti Gioielli* Dealer address Via Italia 11 Dealer postcode 13051 Dealer city Biella Dealer country Italy Dealer first seen 2020-10-31 Dealer last seen 2022-01-31 ID 52 Dealer ID 515 Dealer name C.D. Peacock* Dealer address 172 Oakbrook Center Dealer postcode IL 60523 Dealer city Oakbrook Dealer country United States Dealer first seen 2020-10-31 Dealer last seen 2022-01-31 ID 166 Dealer ID 564 Dealer name James Free Jewelers Dealer address 9555 Main Street Dealer postcode OH 45242 Dealer city Montgomery Dealer country United States Dealer first seen 2020-10-31 Dealer last seen 2022-01-31 ID 331 Dealer ID 508 Dealer name Tiffany & Co. Waikiki Dealer address Royal Hawaiian Center, 2201 Kalakaua Avenue, Suite A101 Dealer postcode HI 96815 Dealer city Honolulu Dealer country United States Dealer first seen 2020-10-31 Dealer last seen 2022-01-31 ID 345 Dealer ID 534 Dealer name Tourneau Dealer address The Forum Shops - Caesar's Palace3500 Las Vegas Blvd., Suite F-07 Dealer postcode NV 89109 Dealer city Las Vegas Dealer country United States Dealer first seen 2020-10-31 Dealer last seen 2022-01-31 ID 351 Dealer ID 62 Dealer name Ulrich und Knorren Dealer address Büchel 32 Dealer postcode 52062 Dealer city Aachen Dealer country Germany Dealer first seen 2020-10-31 Dealer last seen 2022-01-31 ID 376 Dealer ID 1141 Dealer name Wempe* Dealer address Serrano, 58 Dealer postcode 28001 Dealer city Madrid Dealer country Spain Dealer first seen 2020-10-31 Dealer last seen 2022-01-31 ID 136 Dealer ID 349 Dealer name Gübelin AG* Dealer address Freie Strasse 27 Dealer postcode 4001 Dealer city Basel Dealer country Switzerland Dealer first seen 2020-10-31 Dealer last seen 2021-12-31 |
1 February 2022, 11:14 PM | #54 |
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Are u saying those listed dealers lost their AD? CD Peacock? They were the ones caught flipping watches out the back door.
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1 February 2022, 11:40 PM | #55 |
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I remember that. I live several miles from there. It certainly makes sense to me. I'm surprised they still are a Rolex AD.
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1 February 2022, 11:40 PM | #56 | |
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Quote:
Govberg has take quite the hit on AD status in the past couple of years with their unapologetic approach to the grey market. I think they lost JLC, Cartier, and a few other major name brands Govberg recently relocated to a much nicer, larger storefront in center city Philadelphia. I wonder if they are going to use the Philly location for watches only and the Ardmore location for jewelry only... |
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1 February 2022, 11:49 PM | #57 | |
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Quote:
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2 February 2022, 12:14 AM | #58 |
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2 February 2022, 01:07 AM | #59 | |
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Quote:
I think a number of ADs saw this as a significant conflict of interest and pulled out - JLC, Cartier, IWC, etc. From popping in it looks like they effectively only carry PP and Rolex (with nothing available for sale), Grand Seiko, Breitling, Tudor, and H. Moser Its local, so its one of the ADs I stopped in to 'register' my interest for a Submariner and they've told me they don't know when one will come in for me to purchase, but they do have a $16K BNIB 41mm Sub that they can sell me today in the same breath. I get the state of the market right now, but its still not a good look... |
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2 February 2022, 01:15 AM | #60 | |
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Quote:
That’s what I call…” double dipping “ |
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