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21 August 2016, 10:46 PM | #91 |
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5 years? You get less time for aggravated assault.
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21 August 2016, 11:37 PM | #92 |
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Well, if Patek then at least also offered a 5 year warranty instead of the current measly (compared to others) 2 years
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21 August 2016, 11:59 PM | #93 |
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22 August 2016, 12:07 AM | #94 |
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Sounds like they're jumping from the frying pan into the fire with those kind of decisions.
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22 August 2016, 12:36 AM | #95 |
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They need to reduce the damn time it takes to do basic service to these watches...the other stuff is fine to work on but 6-9 months turn around time for a standard service is unacceptable when I can have a complete overhaul done on my Ulysse GMT Perpetual Platinum in under 6 months by UN...
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22 August 2016, 01:30 AM | #96 |
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This is how key reason for me wear the Patek less often that I'd like to. Wore it almost daily for three months and didnt worry about it. Then I thought I should be more careful because of the hassle of servicing it and the time it would take.
This thread is getting very interesting. Plenty of food for thought. I still very much believe in the brand and love my 5711 and will gladly buy another Patek. Judy hope they sort out the issues highlighted here.
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22 August 2016, 01:50 AM | #97 | |
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22 August 2016, 01:56 AM | #98 | |
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22 August 2016, 03:02 AM | #99 | |
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You were lucky, my Freak was gone 17 months! Sent from my iPad using Tapatalk |
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22 August 2016, 07:15 AM | #100 |
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22 August 2016, 09:36 AM | #101 |
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I for one would support Patek keeping the papers for 5 years on all watches.
There have been 3 X 5167A watches allocated to Singapore in the last 4 months. Guess what? All 3 of them are owned by the same grey market dealer. Every time he gets the watch, I get a friendly message asking if I want to purchase it from him. I had already promised my AD I would get the watch from them so have to keep passing on it every time. Frustrated!! Sent from my iPhone using Tapatalk |
22 August 2016, 04:34 PM | #102 | ||
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Oh and one thing maybe Patek should do, is open a few more AD's in France, where only the Salon and Wempe in Paris are allowed to sell them, when you know the huge number of super rich guys on the South of France every year you really wonder what they are thinking |
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22 August 2016, 05:30 PM | #103 | |
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IMHO this whole issue could be solved much easier than to hold the papers hostage for 5 years. Patek itself should manage waiting lists, not the ADs. One client should be able to put his name on up to 3 or 5 waiting lists only, not on all of them. And when the time comes and the watch gets ready, it could be picked up in Geneva, or at the client's AD of choice. Above $100K/EUR100K or at the 2nd Patek purchased through this system, I'd offer a museum tour, free of charge. At the 3rd Patek purchased through this system by the same client, I'd offer a manufacture tour, free of charge. Patek can keep managing clients' watch collection info using the existing registration system, and refuse putting guys on waiting lists who sell too many watches, are clearly flippers, or can be suspected of being dealers.
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22 August 2016, 07:02 PM | #104 | |
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I should have been clearer... The grey dealer has been buying up the 5711s/ 5712s/ 5167s over time from the AD itself. As far as I can tell, he places orders (paying upfront) every month. So whenever the watch comes to the AD (or any of their branches) it goes straight to this grey dealer. There is another AD chain that operates in Singapore, and they've stopped dealing with this grey dealer - I hope they get allocated one soon. Sent from my iPhone using Tapatalk |
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22 August 2016, 08:32 PM | #105 | |
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If you or somebody else wants the 5167 on steel bracelet..... I can have one now at list and another one in October , also at list
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22 August 2016, 09:12 PM | #106 | |
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22 August 2016, 09:19 PM | #107 |
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There was a time that all Pateks involved waiting and patience and ALL held value well. Demand matched supply.
Now, overproduction means AD's are forced to offload excess stock to Grey Dealers through the back door. This stock then turns up everywhere at heavy discounts which creates a viscous circle, disincentivising collectors to go to their AD again, leaving more excess stock! Had they killed the grey dealers but giving their AD's limited stock based on reduced production, we'd all be going to AD's and values would be stable. Moreover the AD's would therefore be able to sell the more sought after pieces to bona fide, good customers because they'd know all of them. Instead, modern Patek is now really a company all about: Aquanaut, Nautilus (endless, endless conversations about the 5711A - I'm so bored already), 5131 and 5235. The rest, (as good as they might be), aren't important.... who cares? .......they can be picked up on Chrono24 at huge discounts to list and the GC/Minute repeaters are getting killed at auction. Meanwhile you have a 9 month wait for a case valet, and endless QC issues. They think cutting production to 50,000 will solve this? or Withholding certificates? Ha! It's a bloody mess. |
23 August 2016, 03:24 AM | #108 | |
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I agree that this forum places heavy emphasis on the Aquanaut and the Nautilus. But this is because people interested in Rolex come here and they see the Aquanaut and the Nautilus as a natural entry into the world of Patek watches. We know there are other online forums that cater to discussing more complicated Patek watches. |
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23 August 2016, 03:38 AM | #109 | |
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23 August 2016, 04:29 AM | #110 | |
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24 August 2016, 07:05 AM | #111 | |
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24 August 2016, 09:33 AM | #112 | ||
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Alas I'm only keen on the 5167 with a tropical strap. Thanks for the offer though. Quote:
Not sure what I can complain about. The grey dealer is buying the watch from the AD directly. Think ADs have the right to sell to whomever they want. However, if Patek held the papers for 5 years then the grey dealer won't be buying watches any longer coz he can't flip them. Sent from my iPhone using Tapatalk |
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24 August 2016, 09:35 AM | #113 |
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24 August 2016, 09:39 AM | #114 | |
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24 August 2016, 10:18 AM | #115 |
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What makes you think that he's not a real CEO? Your assessment about the grey market and warranty cards are based on what? Just a friendly question. He's the owner and it does appear as if Patek Philippe is doing pretty well.
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24 August 2016, 10:20 AM | #116 |
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24 August 2016, 11:11 AM | #117 |
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One issue is the need for this brand to not put the same movement in so many different watches. For example, do we really need the new chronograph caliber in every case metal with multiple dial options? And how many annual calendars does the world need? Obviously more.
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24 August 2016, 05:48 PM | #118 | |
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Never missed a beat since and is still one of my favourite pieces! http://www.tp178.com/mh/freak_works/freak_works.html http://www.tp178.com/mh/un_freak2/un_freak2.html |
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24 August 2016, 08:37 PM | #119 |
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25 August 2016, 06:21 AM | #120 | |
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It's a long wait but the explanation reflects favorably on UN. The freak is such a great watch - please continue to share pics of this pretty rare beauty! Sent from my iPhone using Tapatalk |
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