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Patek Updates
Just picked up the 5711 and thought I should probe a bit about sales and how much softening they were seeing:
a). Production will reduce to about 50000;
B). They have been asked to provide purchasers names on most preorders.
C). Attempt to clamp down on grey market and certain models will have the warranty cars produced by PP with the buyers name in it
D). Possibly holding warranty cards for 5 years on certain models - not sure how that will work??
E). Nautilus 40th will be underwhelming. PP just had 175 and 40 not that important. They trying to do nothing but consumers expect a lot so will be 2 models but expect to be underwhelmed. A request for a 5711P as an anniversary piece declined by Geneva already.
F). PP is reducing dealers (guess on lower production cake slices need to be maintained) therefore AD will be reluctant to offer discounts that could cause them to lose favor or their franchise. Mentioned they rather lose a deal if someone can getter better elsewhere!
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