AP price increase again?

[OH2004]

Everything on the US site is in CHF and when you convert it to USD, it's like another 7% increase in price. Any thoughts?

[tuan2195]

I know the devaluation of the dollar was gonna catch up to us sooner or later, just didn't think it was this soon. I was hoping to get a 15450ST for next year, but it is now 22k instead of 20.7k. At that price I might as well look for an used ROC 39mm.

[chadwick4eva]

Originally Posted by tuan2195

I know the devaluation of the dollar was gonna catch up to us sooner or later, just didn't think it was this soon. I was hoping to get a 15450ST for next year, but it is now 22k instead of 20.7k. At that price I might as well look for an used ROC 39mm.

It isn't the devaluation of the dollar- it's supply and demand for the entire Royal Oak line. Why let gray dealers capture some of the money that you could be making for yourself instead?

[Emery]

Originally Posted by chadwick4eva

It isn't the devaluation of the dollar- it's supply and demand for the entire Royal Oak line. Why let gray dealers capture some of the money that you could be making for yourself instead?

Indeed. This is exactly what some people are asking Rolex to do with the 116500 and its 100% premium.

[kimwizzzuuu]

Rumor is on Jan 2021.

[Lkdub24]

Originally Posted by kimwizzzuuu

Rumor is on Jan 2021.

What I have heard as well...

[AshAP]

It’s happening in the UK too on 1st Jan.


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[Token74]

Originally Posted by AshAP

It’s happening in the UK too on 1st Jan.


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What’s the latest Ash, doesn’t seem to have happened on the watches I follow closely?


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[AshAP]

Originally Posted by Token74

What’s the latest Ash, doesn’t seem to have happened on the watches I follow closely?


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I’ve replied^^^^^


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[Token74]

Originally Posted by AshAP

I’ve replied^^^^^


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[fullofboats]

Looks like CHF price increase has already happened looking at the website. HKD price have not changed yet but converting the CHF to HKD it looks like there will be a 7-12% increase.
Biggest increase I see is the Code Chrono at 12%, which to be fair, makes sense given other brands' in-house flyback chronos are still priced higher. But still, AP putting through a double digit increase on even the Code line is......

[macrowatch]

Originally Posted by fullofboats

Looks like CHF price increase has already happened looking at the website. HKD price have not changed yet but converting the CHF to HKD it looks like there will be a 7-12% increase.
Biggest increase I see is the Code Chrono at 12%, which to be fair, makes sense given other brands' in-house flyback chronos are still priced higher. But still, AP putting through a double digit increase on even the Code line is......

Must be running the RM playbook. If it doesn’t sell, problem must be price isn’t high enough. If high enough, then demand will kick in!

[dauster]

Originally Posted by macrowatch

Must be running the RM playbook. If it doesn’t sell, problem must be price isn’t high enough. If high enough, then demand will kick in!

lol in 2022 the code chrono will be price at $100k if they keep going at this rate. Just like RM pricing.

[GreenLantern]

Originally Posted by dauster

lol in 2022 the code chrono will be price at $100k if they keep going at this rate. Just like RM pricing.

Indeed.

What is this absurdity?

RM price increase also coming in the New Year, but I've long given up on RM and their absurd increases.

To see AP follow suit would be distressing and disappointing.

Again, AP literally just raised prices 7-10% in the US at the end of November 2020 (that would be *this* year, by the way, less than 19 days ago).

Another increase on 1/1/21 would be stupidity.

But, perhaps stupidity is what runs the world and the companies in it, these days. (Not how I try to run mine.)

[supernova]

The USD prices still showing normal for me?


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[GreenLantern]

Didn't they just raise US prices in November?

[GreenLantern]

Yup, end of November 2020: https://www.rolexforums.com/showthread.php?t=777206

So, barely 1 month later, AP is justifying a second price increase?

That makes no sense given that Swiss Watch exports are still down (albeit recovering).

[kimwizzzuuu]

US dollar inflation. I hope for those clients had deposits locked in will not get the call to send in second payment

[AshAP]

Originally Posted by kimwizzzuuu

US dollar inflation. I hope for those clients had deposits locked in will not get the call to send in second payment

A deposit on a watch doesn’t stop a price increase unfortunately.


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[GreenLantern]

US Dollar inflation is not the reason. The last price increase was less than a month ago. And if other currencies including CHF are experiencing a price increase then blaming the USD is not the answer.

Can we stop blaming the USD for everything, please?

[kimwizzzuuu]

There’s still a 5% gap between retail price on CHF and USD.

[GreenLantern]

Originally Posted by kimwizzzuuu

There’s still a 5% gap between retail price on CHF and USD.

I know. It's also worth noting that CHF pricing always includes VAT, which doesn't always translate perfectly into USD pricing for timepieces priced regionally (only >100k CHF timepieces are priced exclusively in CHF and then converted at current market rates at time of purchase).

[dchang81]

How long ago was their PM decrease of 30%........

[AshAP]

Originally Posted by dchang81

How long ago was their PM decrease of 30%........

I think it was January 2012. It’s deliberately a bit fuzzy for me to remember exactly because I bought a gold Offshore on the Christmas Eve literally a month or so before the price decrease, I think ultimately the adjustment spoilt my enjoyment of that particular watch but the reality is that if AP hadn’t adjusted the prices downward it’s unlikely that I’d have the platinum Offshore now so it worked in my favour over the longer term. It was just very tough luck initially to take the hit.


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[ragsk]

AP are on the aggressive end of price rises. Most manufacturers are doing it to a greater or lesser degree. Milking the current market and grabbing a slice of the grey market pie.

I don't blame them - I would too. Just like we would be asking for discounts in a soft market.

[Vivalas]

Originally Posted by AshAP

It’s happening in the UK too on 1st Jan.


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Do you know what they are going up by Ash?

[AshAP]

Originally Posted by Vivalas

Do you know what they are going up by Ash?

A friend of mine has just bought and paid for a Royal Oak Chrono at £26000 from AP House in London. He had a very good reason to want to pay for the watch in January (other than not being able to afford it now) but was told it would cost £2000 more in January due to the imminent price increase. So maybe 8%?


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[Vivalas]

Originally Posted by AshAP

A friend of mine has just bought and paid for a Royal Oak Chrono at £26000 from AP House in London. He had a very good reason to want to pay for the watch in January (other than not being able to afford it now) but was told it would cost £2000 more in January due to the imminent price increase. So maybe 8%?
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That makes sense as it’s quite an increase. When I bought my VC overseas in April it was a couple of days before the increase (17k something to 19k from memory).

[RODODD]

Rumors also here in Italy about 5% increase on 1st January. It would be third increase in 1 year time

[GreenLantern]

Originally Posted by dchang81

How long ago was their PM decrease of 30%........

At least it was all at once.

Originally Posted by RODODD

Rumors also here in Italy about 5% increase on 1st January. It would be third increase in 1 year time

Indeed, 3 increases in 1 year simply tells the world: I am terrible at pricing, and you can't trust anything I do.