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dysert · 1 August 2023, 06:51 AM

I am told that Patek will be reducing number of authorized dealers in the US to 32 by the end of the year. Anyone else heard this rumor?

jamerson80 · 1 August 2023, 06:57 AM

That's nuts! Sure hope my dealer doesn't get the axe

.

If true, this will likely hurt those of us lower on the totem pole in the remaining boutiques, as the whales will possibly move to fertile feeding grounds.

Sent from my SM-F936B using Tapatalk

Bmats · 1 August 2023, 07:21 AM

I hope it just doesn’t get entirely concentrated in NY LA and Miami or the sort. I would expect ADs that made major investments like separate storefronts are at least a little protected for a few years to amortize those costs.

Sent from my iPhone using Tapatalk

Ubiquitous1984 · 1 August 2023, 07:55 AM

Sounds like a very similar cull to what the UK has experienced.

Tachycardia · 1 August 2023, 07:57 AM

I feel most people will be cautious this year and let the cuts happen first (and let the dust settle) before trying to establish or reestablish with a new patek AD. Especially those that already recently lost their AD. Plenty of other interesting brands and pieces to have fun with in the interim.

Calatrava r · 1 August 2023, 08:10 AM

Hard to believe such a reduction could happen.

codecow · 1 August 2023, 09:15 AM

This is an outrage!

CarlOver · 1 August 2023, 09:57 AM

Local AD was chopped.when I asked about it, the SA said it happens and they will be a dealer in a few years again.

dchang81 · 1 August 2023, 10:36 AM

i thought dealers were already notified if they were getting the ax?

Rushne · 1 August 2023, 06:03 PM

13 lawsuits in bound? :D

1William · 1 August 2023, 10:25 PM

Such is the watch world. It will be interesting to see if this is true and which AD's and regions are impacted.

dauster · 2 August 2023, 01:10 AM

Quote:

Originally Posted by CarlOver

Local AD was chopped.when I asked about it, the SA said it happens and they will be a dealer in a few years again.

lol what ? how would that happen ?

Gebbeth · 2 August 2023, 03:18 AM

When demand exceeds supply (and I'm not getting into why supply is low), then it makes sense to make an exclusive product even more exclusive by reducing the avenues in which to get one at retail.

They can support the volume with a limited number of stores.

I suspect that ADs will be limited to large urban areas that have a higher percentage of the uber rich (LA, NY, Miami, Dallas, SF, Boston, DC, etc). Some of the very large urban areas may get 2.

When the other poster said that a SA told him that they lose status, and get it back in a few years, I don't doubt it.

If the demand falls precipitously, they will try to find more avenues to sell their products. It would be worth it to spread their coverage.

This isn't GM, where strategy change can affect literally hundreds of thousands of workers, hundreds of millions of dollars, and tens of millions of customers.

A strategy change at Patek is like Stern saying "Well, let's scrap that and do this instead." And then it's done.

raclaims · 2 August 2023, 04:09 AM

I mean it kinda makes sense...in the tri state area alone there's too many options IMHO...in Manhattan alone you can walk 2 blocks and hit up 3 ADs! Grab a taxi and hit up 2 more

uniqueMR · 2 August 2023, 08:42 AM

Heard the same, going down to about 28-30 ADs in states.

Mbbgysam · 2 August 2023, 09:00 AM

Quote:

Originally Posted by raclaims

I mean it kinda makes sense...in the tri state area alone there's too many options IMHO...in Manhattan alone you can walk 2 blocks and hit up 3 ADs! Grab a taxi and hit up 2 more

Rumor has it this won't be the case by year's end...

raclaims · 2 August 2023, 12:17 PM

Yeah I know of 2 that “lost their status” we will see if more follow

I believe they get a one year run off period

westcoastsub · 2 August 2023, 01:36 PM

I was in Vegas last month at the new Bucherer TimeDome (old Tourneau) and they do not have Patek anymore. I guess that would count as one there!

ChetBaker · 2 August 2023, 01:43 PM

I was visiting Manhattan earlier this week and on my way back from the VC Flagship dropped into Bucherer and noticed they had hardly anything to sell. They did have a couple nice Mosers though. Watches of Switzerland at Hudson Yards had a much better selection when I dropped in earlier the same day.

TomInNJ · 2 August 2023, 07:24 PM

Quote:

Originally Posted by ChetBaker

I was visiting Manhattan earlier this week and on my way back from the VC Flagship dropped into Bucherer and noticed they had hardly anything to sell. They did have a couple nice Mosers though. Watches of Switzerland at Hudson Yards had a much better selection when I dropped in earlier the same day.

I was there over the weekend, and I noticed that they no longer sell JLC. I thought that was interesting. That’s a pretty major brand not have in a boutique that is supposed to have everything. Also, pretty random. Why would they drop or be dropped?

Will_NL · 3 August 2023, 01:10 AM

Last 2 to lose their status were chopped in the UK last week

1time · 3 August 2023, 01:18 AM

Does anyone know if any of the AD's based in NJ have been removed by Patek?

Nlwatches · 3 August 2023, 01:52 AM

Quote:

Originally Posted by ChetBaker

I was visiting Manhattan earlier this week and on my way back from the VC Flagship dropped into Bucherer and noticed they had hardly anything to sell. They did have a couple nice Mosers though. Watches of Switzerland at Hudson Yards had a much better selection when I dropped in earlier the same day.

They were pushing those hard when I was there a few weeks ago as well

TomInNJ · 3 August 2023, 04:07 AM

Quote:

Originally Posted by 1time

Does anyone know if any of the AD's based in NJ have been removed by Patek?

In this video:

https://www.youtube.com/watch?v=S3Y_C8-_9yQ&t=617s

The guy claims he was told by his NJ AD that they are losing their Patek AD status. He doesn’t say which one, but based on some clues I’m guessing it’s Hartgers in Wyckoff.

Rolle PP · 3 August 2023, 06:01 AM

Patek will only have 280 AD in the end of this year.

Kronos88 · 3 August 2023, 11:46 AM

Any hunch regarding Bartorelli (Italy)?

1time · 3 August 2023, 01:03 PM

Quote:

Originally Posted by TomInNJ

In this video:

The guy claims he was told by his NJ AD that they are losing their Patek AD status. He doesn’t say which one, but based on some clues I’m guessing it’s Hartgers in Wyckoff.

Thanks for the response! That video was really interesting.

JMac6 · 3 August 2023, 01:57 PM

Personally, I am putting a freeze on my purchases for the next year and change. Have some great Pateks right now, and want to see how things shake out before I make a push to the next tier. (ie, PCC, split, etc.). Would love to go through my AD, and am not that concerned, but I know a few ADs got the chop that I was not expecting. Fingers crossed!

Unwind_Asia · 3 August 2023, 02:38 PM

Quote:

Originally Posted by Will_NL

Last 2 to lose their status were chopped in the UK last week

Which ones? I thought they were all told earlier in the year?

dchang81 · 3 August 2023, 03:18 PM

Quote:

Originally Posted by Unwind_Asia

Which ones? I thought they were all told earlier in the year?

that's what I thought/was told

1 August 2023, 06:51 AM	#1
dysert 2024 Pledge Member Join Date: Dec 2009 Location: Texas Posts: 194	45 US Patek dealers headed to 32 by end of the year I am told that Patek will be reducing number of authorized dealers in the US to 32 by the end of the year. Anyone else heard this rumor?

1 August 2023, 06:03 PM	#10
Rushne 2024 ROLEX SUBMARINER 41 Pledge Member Join Date: Feb 2010 Location: Stockholm, Sweden Watch: White 116500LN Posts: 865	13 lawsuits in bound? :D __________________ Omega: Seamaster Professional 300M 2220.80.00 Rolex: Daytona White Dial 116500LN Rolex: Sky-Dweller Blue Dial Jubilee 336934 Rolex: DateJust 36 Roman White Dial Oyster 126234 Rolex: OP 36 Celebration Dial 126000 Panerai: PAM 422 Patek Philippe: Aquanaut 5167A A. Lange & Söhne: 1815 Annual Calendar @mechanicaltom Stolen: IWC Portuguese 500107 Case number 3853222

2 August 2023, 08:42 AM	#15
uniqueMR 2024 Pledge Member Join Date: May 2018 Location: USA Watch: P A T E K Posts: 4,704	Heard the same, going down to about 28-30 ADs in states. __________________ A. Lange & Sohne \| Audemars Piguet \| F.P.Journe \| Omega \| Patek Philippe \| Rolex \| Tudor \| ...and Othersss

1 August 2023, 06:57 AM	#2
jamerson80 "TRF" Member Join Date: Jul 2019 Location: US Posts: 317	That's nuts! Sure hope my dealer doesn't get the axe . If true, this will likely hurt those of us lower on the totem pole in the remaining boutiques, as the whales will possibly move to fertile feeding grounds. Sent from my SM-F936B using Tapatalk

1 August 2023, 07:21 AM	#3
Bmats 2024 ROLEX SUBMARINER 41 Pledge Member Join Date: May 2021 Location: East Coast Posts: 543	I hope it just doesn’t get entirely concentrated in NY LA and Miami or the sort. I would expect ADs that made major investments like separate storefronts are at least a little protected for a few years to amortize those costs. Sent from my iPhone using Tapatalk

1 August 2023, 07:55 AM	#4
Ubiquitous1984 "TRF" Member Join Date: Aug 2015 Location: UK Posts: 298	Sounds like a very similar cull to what the UK has experienced.

1 August 2023, 07:57 AM	#5
Tachycardia "TRF" Member Join Date: Apr 2019 Location: LA Posts: 41	I feel most people will be cautious this year and let the cuts happen first (and let the dust settle) before trying to establish or reestablish with a new patek AD. Especially those that already recently lost their AD. Plenty of other interesting brands and pieces to have fun with in the interim.

1 August 2023, 08:10 AM	#6
Calatrava r 2024 ROLEX SUBMARINER 41 Pledge Member Join Date: Mar 2017 Location: United States Watch: Rolex and Patek Posts: 11,051	Hard to believe such a reduction could happen.

1 August 2023, 09:15 AM	#7
codecow "TRF" Member Join Date: Feb 2013 Real Name: Louis Location: Bay Area, CA Watch: PP 5131R Posts: 5,096	This is an outrage!

1 August 2023, 09:57 AM	#8
CarlOver "TRF" Member Join Date: Dec 2021 Location: US Posts: 2,112	Local AD was chopped.when I asked about it, the SA said it happens and they will be a dealer in a few years again.

1 August 2023, 10:36 AM	#9
dchang81 2024 ROLEX SUBMARINER 41 Pledge Member Join Date: Aug 2014 Location: Cleveland Posts: 2,118	i thought dealers were already notified if they were getting the ax?

1 August 2023, 10:25 PM	#11
1William 2024 ROLEX SUBMARINER 41 Pledge Member Join Date: Nov 2010 Location: North Carolina Watch: Rolex/Others Posts: 46,718	Such is the watch world. It will be interesting to see if this is true and which AD's and regions are impacted.

2 August 2023, 03:18 AM	#13
Gebbeth "TRF" Member Join Date: Apr 2013 Location: Bay Area Posts: 804	When demand exceeds supply (and I'm not getting into why supply is low), then it makes sense to make an exclusive product even more exclusive by reducing the avenues in which to get one at retail. They can support the volume with a limited number of stores. I suspect that ADs will be limited to large urban areas that have a higher percentage of the uber rich (LA, NY, Miami, Dallas, SF, Boston, DC, etc). Some of the very large urban areas may get 2. When the other poster said that a SA told him that they lose status, and get it back in a few years, I don't doubt it. If the demand falls precipitously, they will try to find more avenues to sell their products. It would be worth it to spread their coverage. This isn't GM, where strategy change can affect literally hundreds of thousands of workers, hundreds of millions of dollars, and tens of millions of customers. A strategy change at Patek is like Stern saying "Well, let's scrap that and do this instead." And then it's done.

2 August 2023, 04:09 AM	#14
raclaims "TRF" Member Join Date: Mar 2013 Location: NJ Posts: 2,605	I mean it kinda makes sense...in the tri state area alone there's too many options IMHO...in Manhattan alone you can walk 2 blocks and hit up 3 ADs! Grab a taxi and hit up 2 more

2 August 2023, 12:17 PM	#17
raclaims "TRF" Member Join Date: Mar 2013 Location: NJ Posts: 2,605	Yeah I know of 2 that “lost their status” we will see if more follow I believe they get a one year run off period

2 August 2023, 01:36 PM	#18
westcoastsub "TRF" Member Join Date: Jan 2007 Location: Walnut Creek, CA Posts: 20	I was in Vegas last month at the new Bucherer TimeDome (old Tourneau) and they do not have Patek anymore. I guess that would count as one there!

2 August 2023, 01:43 PM	#19
ChetBaker "TRF" Member Join Date: Oct 2019 Location: Europe Posts: 667	I was visiting Manhattan earlier this week and on my way back from the VC Flagship dropped into Bucherer and noticed they had hardly anything to sell. They did have a couple nice Mosers though. Watches of Switzerland at Hudson Yards had a much better selection when I dropped in earlier the same day.

3 August 2023, 01:10 AM	#21
Will_NL "TRF" Member Join Date: Dec 2022 Location: The World Posts: 26	Last 2 to lose their status were chopped in the UK last week

3 August 2023, 01:18 AM	#22
1time "TRF" Member Join Date: Oct 2021 Location: USA Posts: 8	Does anyone know if any of the AD's based in NJ have been removed by Patek?

3 August 2023, 06:01 AM	#25
Rolle PP "TRF" Member Join Date: Jul 2018 Location: Berlin Posts: 7	Patek will only have 280 AD in the end of this year.

3 August 2023, 11:46 AM	#26
Kronos88 "TRF" Member Join Date: Oct 2021 Location: NJ Posts: 16	Any hunch regarding Bartorelli (Italy)?

3 August 2023, 01:57 PM	#28
JMac6 "TRF" Member Join Date: May 2021 Location: USA Posts: 179	Personally, I am putting a freeze on my purchases for the next year and change. Have some great Pateks right now, and want to see how things shake out before I make a push to the next tier. (ie, PCC, split, etc.). Would love to go through my AD, and am not that concerned, but I know a few ADs got the chop that I was not expecting. Fingers crossed!

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