The Rolex Forums   The Rolex Watch

ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX


Go Back   Rolex Forums - Rolex Forum > Other (non-Rolex) Watch Topics > Patek Philippe Discussion Forum

Reply
 
Thread Tools Display Modes
Old 30 October 2024, 03:21 AM   #61
Partekular
"TRF" Member
 
Join Date: Sep 2020
Location: Scotland
Posts: 510
Quote:
Originally Posted by pam66 View Post
i couldn't agree more. except of a few rare handcraft models below 300K euros there is nothing special in the PP collection under 5370P level. there are some nice models but nothing that other brands like VC, ALS and AP cannot do.
and worse, the design flaws have accumulated in the recent years, where TS has produced some really questionable models.
Well, it is a matter of taste. I prefer the 5811 to any comparable engineered looking RO.especially its weight although that piece is recognisable as a PP so I wear it with caution.

I think the 5320G in cream is one of the best PC PP’s by miles. Deceptively simple, not show boating flexer and can be worn anywhere without drawing attention.

Agreed the secondary market gives it a kicking but hey, it’s a watch not a financial investment. I don’t sell my watches so why would I care?

Out of interest which over £300k watches do you own?
Partekular is offline   Reply With Quote
Old 30 October 2024, 03:40 AM   #62
dauster
"TRF" Member
 
Join Date: Mar 2019
Location: San Francisco
Posts: 2,999
Quote:
Originally Posted by messikens View Post
Ok so hear my theory out why PP is in a worse market position vs AP at the moment (and notwithstanding the legacy chops of being THE brand):

1. While PP/TS pretended that it didn't want to become the nautilus company, effectively it had been that way for 6+ years at this point, where most purchases were propping up the desire to get one or more Naut/Aqua allocations eventually while taking a hit

2. Most true halo pieces (chime, handpaint, grand comp) are so expensive and so far out from a customer perspective that their relevance is diminished

3. The large in between in the catalogue is both WAY more expensive for MSRP and WAY discounted vs AP in the secondary market

4. Therefore TS really only had the option of creating a fake proxy halo watch (that is $10k more expensive than the Naut - mainly to get people getting used to the inflated MSRPs for all their other watches) while further reducing supply of the true Halo Naut watch... Both in order to ensure people buy their "take a terrible hit immediately" in-between catalogue pieces

While AP I would venture has by and large more "desirable" regular models and more palatable prices and the MSRP hit is not as pronounced as PP for most of them


Sent from my iPhone using Tapatalk
I do agree with point 2. That's my problem with all three holy trinity brands. They all have a few great watches I can actualy get and afford and then it stops. So there is nothing to aspire to. Frankly I struggle to justify my 5205 purchase which was aorund $60k. That's a lot of money but for all three brands that's basically entry to very low mid tier and the really cool pieces are in the hundreds of thousands or even millions.

I don't think patek is in a worse position than AP at all - I think both brands are doing great and yes IG posting culture made the sports watches super desirable and yes despite TS claims THEY clearly are focused on the nautilus to a certain degree. I don't even know why this is so bad to admit. It's a legandary watch why not be proud of it instead of saying the opposite but releasing green dial, tiffany and then cubitus and of course 5811?
dauster is offline   Reply With Quote
Old 31 October 2024, 03:42 AM   #63
Fla Gert
"TRF" Member
 
Join Date: Mar 2024
Location: Germany
Posts: 24
Quote:
Originally Posted by Partekular View Post
Well, it is a matter of taste. I prefer the 5811 to any comparable engineered looking RO.especially its weight although that piece is recognisable as a PP so I wear it with caution.

I think the 5320G in cream is one of the best PC PP’s by miles. Deceptively simple, not show boating flexer and can be worn anywhere without drawing attention.

Agreed the secondary market gives it a kicking but hey, it’s a watch not a financial investment. I don’t sell my watches so why would I care?

Out of interest which over £300k watches do you own?
5320 best know to be the first grand complication to have a stamped case. Not a good record to break. And this is exactly the issue; The new Patek under TS thinks industrial and cuts costs. At the same time, they do multiple price increases/year. Its not just about making the best product anymore. The movement is also outdated and finishing is not up to par for the 6 figure retail price. And thats why the market thinks its at best worth 60c on the dollar.
Fla Gert is offline   Reply With Quote
Old 31 October 2024, 07:58 AM   #64
kaiserphoenix
"TRF" Member
 
Join Date: Jan 2011
Location: London/Tokyo
Watch: FPJ CO BL
Posts: 1,709
Quote:
Originally Posted by Fla Gert View Post
5320 best know to be the first grand complication to have a stamped case. Not a good record to break. And this is exactly the issue; The new Patek under TS thinks industrial and cuts costs. At the same time, they do multiple price increases/year. Its not just about making the best product anymore. The movement is also outdated and finishing is not up to par for the 6 figure retail price. And thats why the market thinks its at best worth 60c on the dollar.
I take some of your points but I think we cannot bring "movements" into the argument as AP has objectively far worse and less innovative movements in their currently line up...
__________________
F.P.Journe Chronometre Optimum Black Label, Patek 5811G-001, Patek 5968A-001, Patek 5167A-001

IG: tokyo_watch_guy
kaiserphoenix is offline   Reply With Quote
Old 31 October 2024, 12:20 PM   #65
Gandor
"TRF" Member
 
Join Date: May 2022
Location: USA
Posts: 281
Quote:
Originally Posted by kaiserphoenix View Post
I take some of your points but I think we cannot bring "movements" into the argument as AP has objectively far worse and less innovative movements in their currently line up...
AP movements are more robust and modern across the entire lineup than Patek. The entire Patek lineup doesn’t have simple quality of life things like hacking, decent power reserve, rotors that don’t sound like a p51 mustang etc.. And at the really high end the code universelle I find more impressive than anything in the Patek catalog. You could argue the average finishing is better on Patek movements but even then sub 100k Patek skimps out on finishing.
__________________
15510ST Green | 15720ST Gray | 26393QT Taupe | 116400GV | 126234 Mint
Gandor is offline   Reply With Quote
Old 31 October 2024, 12:45 PM   #66
Rollieo
"TRF" Member
 
Join Date: Mar 2020
Location: USA
Posts: 1,171
Quote:
Originally Posted by Gandor View Post
AP movements are more robust and modern across the entire lineup than Patek.
You’re the first person that has ever said this. Robustness is hard to qualify, but anecdotally I’ve talked to numerous collectors with experience with both AP and Patek, and it’s not even a comparison when it comes to reliability (with Patek winning hands down).

Also a ton of AP movements are not even from AP. I’ve really never heard anyone compare movements between the two brands.

This is just a weird comment. I’d be curious where the perspective comes from
Rollieo is offline   Reply With Quote
Old 31 October 2024, 12:56 PM   #67
Ichiran
2024 Pledge Member
 
Ichiran's Avatar
 
Join Date: Jan 2018
Real Name: Michael
Location: Near beach
Watch: PB1967
Posts: 8,075
Quote:
Originally Posted by Gandor View Post
AP movements are more robust and modern across the entire lineup than Patek. The entire Patek lineup doesn’t have simple quality of life things like hacking, decent power reserve, rotors that don’t sound like a p51 mustang etc.. And at the really high end the code universelle I find more impressive than anything in the Patek catalog. You could argue the average finishing is better on Patek movements but even then sub 100k Patek skimps out on finishing.
That's misinformation. The new generation Patek movements have hacking seconds.
Ichiran is offline   Reply With Quote
Old 31 October 2024, 09:07 PM   #68
kaiserphoenix
"TRF" Member
 
Join Date: Jan 2011
Location: London/Tokyo
Watch: FPJ CO BL
Posts: 1,709
Quote:
Originally Posted by Gandor View Post
AP movements are more robust and modern across the entire lineup than Patek. The entire Patek lineup doesn’t have simple quality of life things like hacking, decent power reserve, rotors that don’t sound like a p51 mustang etc.. And at the really high end the code universelle I find more impressive than anything in the Patek catalog. You could argue the average finishing is better on Patek movements but even then sub 100k Patek skimps out on finishing.
Im sorry thats just simply not true. Patek has a superior chronograph movement, both automatic AND a manual wound one, AP has just 1 which is very thick and comes with a multitude of problems (just search this forum!). The new 330 derivative does have hacking seconds and is MUCH thinner, more elegant and just more reliable and more accurate, with a Patek seal guaranteeing it. Patek has annual calendars, 3 different perpetuals, all beautiful, whereas AP has that fragile and VERY dated QP movement that is frankly just old and tired. Please do your homework please.
__________________
F.P.Journe Chronometre Optimum Black Label, Patek 5811G-001, Patek 5968A-001, Patek 5167A-001

IG: tokyo_watch_guy
kaiserphoenix is offline   Reply With Quote
Old 31 October 2024, 09:08 PM   #69
kaiserphoenix
"TRF" Member
 
Join Date: Jan 2011
Location: London/Tokyo
Watch: FPJ CO BL
Posts: 1,709
Quote:
Originally Posted by Rollieo View Post
You’re the first person that has ever said this. Robustness is hard to qualify, but anecdotally I’ve talked to numerous collectors with experience with both AP and Patek, and it’s not even a comparison when it comes to reliability (with Patek winning hands down).

Also a ton of AP movements are not even from AP. I’ve really never heard anyone compare movements between the two brands.

This is just a weird comment. I’d be curious where the perspective comes from
100%, maybe he is a fan boy and just over-reacted, who knows. I will give him the benefit of the doubt that hes probably new to the hobby.
__________________
F.P.Journe Chronometre Optimum Black Label, Patek 5811G-001, Patek 5968A-001, Patek 5167A-001

IG: tokyo_watch_guy
kaiserphoenix is offline   Reply With Quote
Old 1 November 2024, 01:04 AM   #70
Gandor
"TRF" Member
 
Join Date: May 2022
Location: USA
Posts: 281
Ok let's talk about it.

I'm not arguing Patek has LESS calibers. I'm just saying they're all fairly unimpressive. To add on to that the Patek seal is the biggest scam Patek has ever done. There's a reason why they were able to double production when going from the geneva seal to the "famed patek seal." The new 330 does have hacking seconds but that was added in what, 2020? And even then like I said the full catalog doesn't feature it!

Yes AP uses vaucher movements for some pieces, really for smaller pieces sub 41mm. The majority of the collection uses the 4401 chronograph movement or the time only 4302. Admittingly the 4401 movement has had issues when being placed in offshores as it was designed for CODES and AP has learned it requires larger springs to be used on the offshores. These issues have mostly gone away. I don't believe Patek actually has a superior chronograph movement to the 4302. The CH28 with the vertical clutch is the closest comparison and I'd find that movement on par with the 4302. I believe there's a bit more hand finishing involved with the CH28 which spans 5.3mm to 8mm and has a 50hr power reserve. The 4401 has a 70 hour power reserve and is 6.8mm so right in the middle of CH28 sizes and only 1.5mm bigger than the base size (which patek only offers the base size on the jeweled monstrosity Aquanaut Luce).

Then you have the midtier AP stuff where AP already shows dominance.

The 16202 uses the 7121 which is a modernization of the legendary 2121 and is straight up better than the 2121 with better power reserve and quick set date at 8.1mm. Compared to the 5811 at 8.2mm yes the AP is thinner and more robust than the 330. Not to mention how flimsy Nautilus bracelets are compared to the Royal Oak bracelet (which is hand finished and takes 20hrs to finish in steel, double in ceramic).

And then you have The QP UltraThin with the 5133 movement is 6.2mm. I think Pateks thinnest QP offered is the 5740? And that's 8.42mm... Even APs standard QP offering based off of a 1970s caliber is 9.5mm. Next year AP is very likely to replace their current standard QP movement with rumors heavily implying a 5 crown setting. Patek is still obsessed with 1800 style pushers.

Then of course you have the high end APRP stuff that really is above and beyond anything Patek is currently able to produce. AP RD1-4 showcase the brands superiority in high end watch making. The Universalle really is watchmaking at the highest level.
__________________
15510ST Green | 15720ST Gray | 26393QT Taupe | 116400GV | 126234 Mint
Gandor is offline   Reply With Quote
Old 1 November 2024, 01:57 AM   #71
enjoythemusic
2024 Pledge Member
 
enjoythemusic's Avatar
 
Join Date: Nov 2012
Real Name: Steven
Location: Glocal
Posts: 20,865
Very interesting discussion.

As Yoda said, "There is another." But this is rare, very very rare.



__________________
__________________

Love timepieces and want to become a Watchmaker? Rolex has a sensational school.
www.RolexWatchmakingTrainingCenter.com/

Sent from my Etch A Sketch using String Theory.
enjoythemusic is offline   Reply With Quote
Old 1 November 2024, 02:21 AM   #72
nachopc
2024 Pledge Member
 
nachopc's Avatar
 
Join Date: Jul 2016
Real Name: Nash
Location: Europe
Watch: Rolex Only
Posts: 1,577
Quote:
Originally Posted by 8bc8 View Post
The ambassadors have single handedly brought down the brand for me - absolute joke


Sent from my iPhone using Tapatalk

Completely!


Sent from my iPhone using Tapatalk Pro
nachopc is offline   Reply With Quote
Old 1 November 2024, 03:16 AM   #73
kaiserphoenix
"TRF" Member
 
Join Date: Jan 2011
Location: London/Tokyo
Watch: FPJ CO BL
Posts: 1,709
Quote:
Originally Posted by Gandor View Post
Ok let's talk about it.

I'm not arguing Patek has LESS calibers. I'm just saying they're all fairly unimpressive. To add on to that the Patek seal is the biggest scam Patek has ever done. There's a reason why they were able to double production when going from the geneva seal to the "famed patek seal." The new 330 does have hacking seconds but that was added in what, 2020? And even then like I said the full catalog doesn't feature it!

Yes AP uses vaucher movements for some pieces, really for smaller pieces sub 41mm. The majority of the collection uses the 4401 chronograph movement or the time only 4302. Admittingly the 4401 movement has had issues when being placed in offshores as it was designed for CODES and AP has learned it requires larger springs to be used on the offshores. These issues have mostly gone away. I don't believe Patek actually has a superior chronograph movement to the 4302. The CH28 with the vertical clutch is the closest comparison and I'd find that movement on par with the 4302. I believe there's a bit more hand finishing involved with the CH28 which spans 5.3mm to 8mm and has a 50hr power reserve. The 4401 has a 70 hour power reserve and is 6.8mm so right in the middle of CH28 sizes and only 1.5mm bigger than the base size (which patek only offers the base size on the jeweled monstrosity Aquanaut Luce).

Then you have the midtier AP stuff where AP already shows dominance.

The 16202 uses the 7121 which is a modernization of the legendary 2121 and is straight up better than the 2121 with better power reserve and quick set date at 8.1mm. Compared to the 5811 at 8.2mm yes the AP is thinner and more robust than the 330. Not to mention how flimsy Nautilus bracelets are compared to the Royal Oak bracelet (which is hand finished and takes 20hrs to finish in steel, double in ceramic).

And then you have The QP UltraThin with the 5133 movement is 6.2mm. I think Pateks thinnest QP offered is the 5740? And that's 8.42mm... Even APs standard QP offering based off of a 1970s caliber is 9.5mm. Next year AP is very likely to replace their current standard QP movement with rumors heavily implying a 5 crown setting. Patek is still obsessed with 1800 style pushers.

Then of course you have the high end APRP stuff that really is above and beyond anything Patek is currently able to produce. AP RD1-4 showcase the brands superiority in high end watch making. The Universalle really is watchmaking at the highest level.
Im sorry, lets just agree to disagree as with all due respect, you are not very familiar with horology in general. To call the Patek seal a "scam", or measuring a movements capabilities with "hacking seconds" as a benchmark is just amateur at best. I deeply respect APRP stuff, but Patek has the grandmaster chime, just as 1 counter. Anyway, all the best on your AP journey my friend.
__________________
F.P.Journe Chronometre Optimum Black Label, Patek 5811G-001, Patek 5968A-001, Patek 5167A-001

IG: tokyo_watch_guy
kaiserphoenix is offline   Reply With Quote
Old 1 November 2024, 03:21 AM   #74
dauster
"TRF" Member
 
Join Date: Mar 2019
Location: San Francisco
Posts: 2,999
Quote:
Originally Posted by Pfang56 View Post
Patek and AP collector here...

Objectively you are probably right - very simply, AP recently surpassed Patek in terms of annual turnover. And this was not because of selling more volume - in fact, AP somehow is selling less volume and delivering a higher annual turnover than PP. And, this is despite PP offering a wider and much higher priced range than AP. What happened here?

I do think AP's management has done a much better job with the business, which is part of the reason why they exceeded PP in turnover. Cutting out the middleman, consolidating points of sale, having more direct customer relation management are just good business decisions that probably has increased their margin, elevated their supply and inventory control,
and enabled them to have a way better understanding of customers.

It's not a surprise PP and Rolex are following suit by cutting dealer networks, increasing direct boutiques, and improving direct customer engagements. PP and Rolex is following AP's leadership and strategy here - and I am really thankful for it. It hopefully can elevate the entire customer relationship experience, improve exclusivity, and take away bad actors.

So yes, from a business perspective, AP is in a much better business and market position than PP. In the end, AP recently surpassed PP in turnover, despite not producing as much as PP. Kudos to AP.

As for my subjective feedback - I am definitely not a Cubitus supporter. It was just a bad business and brand decision to discontinue the 5711, and then seemingly replace it with the Cubitus. If Patek kept the 5711, then I would totally understand the decision to add the Cubitus - but the fact that this is positioned as a *replacement* to the 5711 is just a dumb decision. Like if Porsche and the Piech family decided to discontinue the 911 and create a new line with some controversial styling. Or if Hermes and the Dumas family discontinued the Birkin and replaced it with something more modern. It would just be bad decision making!

And, it's a real shame as the Nautilus will have its 50th anniversary in two years!!! Maybe there is a plan to re-launch it?


Sent from my iPhone using Tapatalk
??? they did not discontinue the Nautilus but gave it an update just like porsche does with the 911 every couple years. Sure it's precious metal and slightly bigger but it's not like they completely discontinued it.
dauster is offline   Reply With Quote
Old 1 November 2024, 03:41 AM   #75
Gandor
"TRF" Member
 
Join Date: May 2022
Location: USA
Posts: 281
Quote:
Originally Posted by kaiserphoenix View Post
Im sorry, lets just agree to disagree as with all due respect, you are not very familiar with horology in general. To call the Patek seal a "scam", or measuring a movements capabilities with "hacking seconds" as a benchmark is just amateur at best. I deeply respect APRP stuff, but Patek has the grandmaster chime, just as 1 counter. Anyway, all the best on your AP journey my friend.
Saying I'm not familiar with horology because your favorite brand hasn't done anything cool in 20 years is pretty immature. Facts are facts, Patek got rid of the seal to reduce QC on their mainline offerings. There's tons of post showing the finishing differences that patek has at different levels of watches. The Grandmaster chime is also less complicated than the Universalle and it's also an unwearable brick of a watch.
__________________
15510ST Green | 15720ST Gray | 26393QT Taupe | 116400GV | 126234 Mint
Gandor is offline   Reply With Quote
Old 1 November 2024, 03:59 AM   #76
ts3
"TRF" Member
 
Join Date: Nov 2018
Location: Europe
Posts: 3,478
Quote:
Originally Posted by Gandor View Post
Ok let's talk about it.

I'm not arguing Patek has LESS calibers. I'm just saying they're all fairly unimpressive. To add on to that the Patek seal is the biggest scam Patek has ever done. There's a reason why they were able to double production when going from the geneva seal to the "famed patek seal." The new 330 does have hacking seconds but that was added in what, 2020? And even then like I said the full catalog doesn't feature it!

Yes AP uses vaucher movements for some pieces, really for smaller pieces sub 41mm. The majority of the collection uses the 4401 chronograph movement or the time only 4302. Admittingly the 4401 movement has had issues when being placed in offshores as it was designed for CODES and AP has learned it requires larger springs to be used on the offshores. These issues have mostly gone away. I don't believe Patek actually has a superior chronograph movement to the 4302. The CH28 with the vertical clutch is the closest comparison and I'd find that movement on par with the 4302. I believe there's a bit more hand finishing involved with the CH28 which spans 5.3mm to 8mm and has a 50hr power reserve. The 4401 has a 70 hour power reserve and is 6.8mm so right in the middle of CH28 sizes and only 1.5mm bigger than the base size (which patek only offers the base size on the jeweled monstrosity Aquanaut Luce).

Then you have the midtier AP stuff where AP already shows dominance.

The 16202 uses the 7121 which is a modernization of the legendary 2121 and is straight up better than the 2121 with better power reserve and quick set date at 8.1mm. Compared to the 5811 at 8.2mm yes the AP is thinner and more robust than the 330. Not to mention how flimsy Nautilus bracelets are compared to the Royal Oak bracelet (which is hand finished and takes 20hrs to finish in steel, double in ceramic).

And then you have The QP UltraThin with the 5133 movement is 6.2mm. I think Pateks thinnest QP offered is the 5740? And that's 8.42mm... Even APs standard QP offering based off of a 1970s caliber is 9.5mm. Next year AP is very likely to replace their current standard QP movement with rumors heavily implying a 5 crown setting. Patek is still obsessed with 1800 style pushers.

Then of course you have the high end APRP stuff that really is above and beyond anything Patek is currently able to produce. AP RD1-4 showcase the brands superiority in high end watch making. The Universalle really is watchmaking at the highest level.
I may have missed it but where exactly in the above did you support your earlier claim that AP movements are more robust?

In many years of daily use including for cycling, paddling, swimming etc Patek's bread and butter 315 and 324 movements haven't given me any grief (thankfully, no sticky date for me). Admittedly, I don't have any first hand experience with AP. However, based on what I have been told by 3rd party watch makers (neither working for AP nor Patek) and the horror stories you can read on here and elsewhere I have to doubt that AP's movements are more reliable in real life use.
ts3 is online now   Reply With Quote
Old 1 November 2024, 04:12 AM   #77
kaiserphoenix
"TRF" Member
 
Join Date: Jan 2011
Location: London/Tokyo
Watch: FPJ CO BL
Posts: 1,709
Quote:
Originally Posted by Gandor View Post
Saying I'm not familiar with horology because your favorite brand hasn't done anything cool in 20 years is pretty immature. Facts are facts, Patek got rid of the seal to reduce QC on their mainline offerings. There's tons of post showing the finishing differences that patek has at different levels of watches. The Grandmaster chime is also less complicated than the Universalle and it's also an unwearable brick of a watch.
Patek is not my favourite brand, but thank you for making assumptions. Again, we can agree to disagree. I don't think you have the necessary knowledge about watchmaking.
__________________
F.P.Journe Chronometre Optimum Black Label, Patek 5811G-001, Patek 5968A-001, Patek 5167A-001

IG: tokyo_watch_guy
kaiserphoenix is offline   Reply With Quote
Old 1 November 2024, 04:23 AM   #78
kaiserphoenix
"TRF" Member
 
Join Date: Jan 2011
Location: London/Tokyo
Watch: FPJ CO BL
Posts: 1,709
Quote:
Originally Posted by ts3 View Post
I may have missed it but where exactly in the above did you support your earlier claim that AP movements are more robust?

In many years of daily use including for cycling, paddling, swimming etc Patek's bread and butter 315 and 324 movements haven't given me any grief (thankfully, no sticky date for me). Admittedly, I don't have any first hand experience with AP. However, based on what I have been told by 3rd party watch makers (neither working for AP nor Patek) and the horror stories you can read on here and elsewhere I have to doubt that AP's movements are more reliable in real life use.
Just search for AP problems, you will find pages just on this forum alone. Even Singapore's prominent collector has had major issues with actual AP watch makers coming out and saying the calibers are sub par. (Search for Talking Clocks on Youtube).

I respect AP, they do alot of things right. They do many things in an excellent way and they have nailed the Royal Oak franchise and are milking it superbly and sustainably I suppose. They are one of the greats. But my only point I am making is that "movements" are not their forte. And against Patek, just doesnt hold up at all. Not d*ssing the entire brand. A watch brand is more than just movements.
__________________
F.P.Journe Chronometre Optimum Black Label, Patek 5811G-001, Patek 5968A-001, Patek 5167A-001

IG: tokyo_watch_guy
kaiserphoenix is offline   Reply With Quote
Old 1 November 2024, 04:24 AM   #79
srvrf
2024 Pledge Member
 
srvrf's Avatar
 
Join Date: Dec 2013
Real Name: Steve
Location: Indiana
Watch: PP/AP/VC
Posts: 2,147
Since the original post was about relative market position, this really comes down to sales. According to Morgan Stanley and LuxeConsult (found on Revolutionwatch.com), as of 2021, AP surpassed PP in terms of sales. In 2017, AP was 7th and PP 5th. But from 2021 to 2023, AP has been 4th and PP has been 5th. Of course, both companies are doing very well and had just over 2 billion CHF in sales in 2023. Expenses and profit are not listed, but they both seem well-positioned for the future because these positions have been similar since 2017.
srvrf is offline   Reply With Quote
Old 1 November 2024, 05:18 AM   #80
Pfang56
"TRF" Member
 
Join Date: Oct 2012
Location: Switzerland
Posts: 151
Quote:
Originally Posted by srvrf View Post
Since the original post was about relative market position, this really comes down to sales. According to Morgan Stanley and LuxeConsult (found on Revolutionwatch.com), as of 2021, AP surpassed PP in terms of sales. In 2017, AP was 7th and PP 5th. But from 2021 to 2023, AP has been 4th and PP has been 5th. Of course, both companies are doing very well and had just over 2 billion CHF in sales in 2023. Expenses and profit are not listed, but they both seem well-positioned for the future because these positions have been similar since 2017.

Exactly!

When it comes to market position, it is about their sales relative to each other.

AP surpassed PP a few years ago, so objectively they are in a *better market position* than PP.

On top of that, I would argue that AP is able to *maintain a better market position* simply because they are delivering higher prices per piece, and they have a direct to client interface.

All of the subjective stuff is argumentative - both create beautiful pieces, outstanding watches, fantastic designs, etc.

But AP is a better run business with higher sales and a better market position.


Sent from my iPhone using Tapatalk
Pfang56 is offline   Reply With Quote
Old 1 November 2024, 05:38 AM   #81
kaiserphoenix
"TRF" Member
 
Join Date: Jan 2011
Location: London/Tokyo
Watch: FPJ CO BL
Posts: 1,709
Quote:
Originally Posted by Pfang56 View Post
Exactly!

When it comes to market position, it is about their sales relative to each other.

AP surpassed PP a few years ago, so objectively they are in a *better market position* than PP.

On top of that, I would argue that AP is able to *maintain a better market position* simply because they are delivering higher prices per piece, and they have a direct to client interface.

All of the subjective stuff is argumentative - both create beautiful pieces, outstanding watches, fantastic designs, etc.

But AP is a better run business with higher sales and a better market position.


Sent from my iPhone using Tapatalk
Totally agree! Well said.
__________________
F.P.Journe Chronometre Optimum Black Label, Patek 5811G-001, Patek 5968A-001, Patek 5167A-001

IG: tokyo_watch_guy
kaiserphoenix is offline   Reply With Quote
Old 1 November 2024, 05:57 AM   #82
Pfang56
"TRF" Member
 
Join Date: Oct 2012
Location: Switzerland
Posts: 151
Quote:
Originally Posted by dauster View Post
??? they did not discontinue the Nautilus but gave it an update just like porsche does with the 911 every couple years. Sure it's precious metal and slightly bigger but it's not like they completely discontinued it.

Discontinued the 5711...

Would argue...

5711 to 5821 is more like...
911 to Panamera...

Not /991/992 etc..

Huge difference.

Both controversial decisions.


Sent from my iPhone using Tapatalk
Pfang56 is offline   Reply With Quote
Old 1 November 2024, 06:03 AM   #83
Pfang56
"TRF" Member
 
Join Date: Oct 2012
Location: Switzerland
Posts: 151
Quote:
Originally Posted by Pfang56 View Post
Discontinued the 5711...

Would argue...

5711 to 5821 is more like...
911 to Panamera...

Not /991/992 etc..

Huge difference.

Both controversial decisions.


Sent from my iPhone using Tapatalk

And...5711 to 5712 to 5726 to 5740 is more like a standard model to an S to a GTS to a Turbo. There's still space for a GT3 and GT2 and a 4S, and a Hybrid, and a...

Just wish there was an additional complication to the 5711 as opposed to a new case...in the end they made a Panamera instead of a cooler 911...


Sent from my iPhone using Tapatalk
Pfang56 is offline   Reply With Quote
Old 1 November 2024, 06:11 AM   #84
kaiserphoenix
"TRF" Member
 
Join Date: Jan 2011
Location: London/Tokyo
Watch: FPJ CO BL
Posts: 1,709
Quote:
Originally Posted by Pfang56 View Post
And...5711 to 5712 to 5726 to 5740 is more like a standard model to an S to a GTS to a Turbo. There's still space for a GT3 and GT2 and a 4S, and a Hybrid, and a...

Just wish there was an additional complication to the 5711 as opposed to a new case...in the end they made a Panamera instead of a cooler 911...


Sent from my iPhone using Tapatalk
Not quite sure I agree with that. The 5811 is a "return to form" by using the "original" 2 piece case of the Nautilus which the 5711 did not utilize. If anything it is returning to the ORIGINS of the 911 if you want to use a Porsche Analogy. Its even more "blue" in the colour of the dial, and now with micro adjust and a 330 cal, its like a 911 but with modern upgrades like surround view parking, 18 updated interface inside etc etc. Probably more like a 991.2 (5711) => 992 (5811). As with Porsche, there will be people who prefer the 5711, and people who prefer the 5811, and ofcourse people who don't like Porsche or Patek which is fine as well.
__________________
F.P.Journe Chronometre Optimum Black Label, Patek 5811G-001, Patek 5968A-001, Patek 5167A-001

IG: tokyo_watch_guy
kaiserphoenix is offline   Reply With Quote
Old 1 November 2024, 08:16 AM   #85
CarForHire
"TRF" Member
 
Join Date: Feb 2014
Location: Boutique
Posts: 40
I don't agree with the statement but what I will say is that AP is doing a good job of marketing the sport watch with many different dials and complications. I wish Patek would do this more but since they don't want to become a one watch brand they are not. The fact of the matter is fewer people at the moment are wearing dress watches so regardless of what model Patek wants to be the flagship, sport watches are it right now.

AP is running with that with all their exclusive and pm, ceramic, titanium etc models. Patek is treading very carefully on that front.

I think the cubitus is the perfect entry to add another model and not become a 1 watch brand even though they are adding more sport watches, which is what a lot of people want.
CarForHire is offline   Reply With Quote
Old 1 November 2024, 11:57 AM   #86
Gelateria
"TRF" Member
 
Join Date: Dec 2023
Location: Asia
Posts: 54
Quote:
Originally Posted by kaiserphoenix View Post
Just search for AP problems, you will find pages just on this forum alone. Even Singapore's prominent collector has had major issues with actual AP watch makers coming out and saying the calibers are sub par. (Search for Talking Clocks on Youtube).

I respect AP, they do alot of things right. They do many things in an excellent way and they have nailed the Royal Oak franchise and are milking it superbly and sustainably I suppose. They are one of the greats. But my only point I am making is that "movements" are not their forte. And against Patek, just doesnt hold up at all. Not d*ssing the entire brand. A watch brand is more than just movements.
Heard the same as u do

That G guy cannot be serious....

Hell people are having a competition how quickly their ap caliber goes bust and need to go in for a repair! (quickest I've heard of is one month, and is their shit chrono). Their basic three hander and chrono movement are quite shit. 7121 is nice but it's limited to the jumbo only, while the technologically advanced 30-255 (have a look at six) is on the easily reachable and beautiful 6119.

Damn I know royal oak users are loyal but this is pretty crazy
Gelateria is offline   Reply With Quote
Old 1 November 2024, 02:05 PM   #87
7sins
"TRF" Member
 
7sins's Avatar
 
Join Date: Mar 2011
Real Name: B.
Location: Beverly Hills, CA
Posts: 3,579
Odd the amount of AP hate here and pure extrapolation. I've been fortunate to own over 20+ APs over the years with various movements, including recent in-house movements. Never had a single issue ever. Owned a 5980 and had to send it into service in 6 months.

Everyones experiences will vary but to trash AP for being incredibly unreliable simply isn't true in my experience.
__________________
Richard Mille RG RM030 || Richard Mille RM72ti || AP 26240 50TH Green Royal Oak Chrono || AP Royal Oak Off Shore Gulf Blue 26238 || AP Royal Oak Blue JUMBO SS 15202ST || AP ROO Diver Green 15720ST || ♕ Rolex Platinum Daytona Diamond 116506 || Cartier Santos
7sins is offline   Reply With Quote
Old 1 November 2024, 04:01 PM   #88
Gamut
"TRF" Member
 
Join Date: Aug 2019
Location: Japan
Posts: 24
Purely design-wise, the RO is more prominent and masculine compared to the Nautilus, especially when viewed from afar.
There may be quite a lot of people who would prefer the RO over the Nautilus due to this.

Perhaps Patek is trying to allure those people, uncluding those who are seeking to move up from Rolex, with the Cubitus, which lead to the descision to start with a large 45mm model.
Gamut is online now   Reply With Quote
Old 1 November 2024, 05:08 PM   #89
kaiserphoenix
"TRF" Member
 
Join Date: Jan 2011
Location: London/Tokyo
Watch: FPJ CO BL
Posts: 1,709
Quote:
Originally Posted by 7sins View Post
Odd the amount of AP hate here and pure extrapolation. I've been fortunate to own over 20+ APs over the years with various movements, including recent in-house movements. Never had a single issue ever. Owned a 5980 and had to send it into service in 6 months.

Everyones experiences will vary but to trash AP for being incredibly unreliable simply isn't true in my experience.
Not sure who you are referring to but there is no AP hate at least from me and just to quote myself:

"I respect AP, they do alot of things right. They do many things in an excellent way and they have nailed the Royal Oak franchise and are milking it superbly and sustainably I suppose. They are one of the greats. But my only point I am making is that "movements" are not their forte. And against Patek, just doesnt hold up at all. Not d*ssing the entire brand. A watch brand is more than just movements."

Again, AP has nailed the business, they are riding high in the sport watch category and are now according to many reports cited in this thread, doing better than Patek, that is applaudable. Many of their bets have paid off. All im talking about is the "movements".
__________________
F.P.Journe Chronometre Optimum Black Label, Patek 5811G-001, Patek 5968A-001, Patek 5167A-001

IG: tokyo_watch_guy
kaiserphoenix is offline   Reply With Quote
Old 1 November 2024, 07:06 PM   #90
Fla Gert
"TRF" Member
 
Join Date: Mar 2024
Location: Germany
Posts: 24
Quote:
Originally Posted by Gamut View Post
Purely design-wise, the RO is more prominent and masculine compared to the Nautilus, especially when viewed from afar.
There may be quite a lot of people who would prefer the RO over the Nautilus due to this.

Perhaps Patek is trying to allure those people, uncluding those who are seeking to move up from Rolex, with the Cubitus, which lead to the descision to start with a large 45mm model.
The RO is the first and the best. It created the genre and it defined it. The rest are all copycats, starting with the Nautilus. Actually, some 50 odd years later the mighty Patek just produced another copycat of the copycat. That goes to show the true power of the RO.
Fla Gert is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

WatchesOff5th

DavidSW Watches

Takuya Watches

My Watch LLC

OCWatches

Wrist Aficionado

Asset Appeal


*Banners Of The Month*
This space is provided to horological resources.





Copyright ©2004-2024, The Rolex Forums. All Rights Reserved.

ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX

Rolex is a registered trademark of ROLEX USA. The Rolex Forums is not affiliated with ROLEX USA in any way.