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29 July 2019, 01:20 AM | #1 |
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Slow down in HK... hmm. Maybe patek is immune
Was on the rolex side... I know a few of you don’t go over there so I copied it over
https://www.bbc.com/news/business-49041282 |
29 July 2019, 01:22 AM | #2 |
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29 July 2019, 01:30 AM | #3 | |
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Yes it’s still safe in Hong Kong and all Jewelry /Watch shops still open while people protest. And few violent actions only against government / police / gangsters buildings. I passed by Rolex in Causeway Bay, it still opened while 2 million citizens were protesting. Well, I went in to check, still no SS models... then I took a picture outside the shop. Sent from my iPhone using Tapatalk |
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29 July 2019, 02:10 AM | #4 | |
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29 July 2019, 02:28 AM | #5 |
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WoW.....!!!
That a long line for Outback Steakhouse... ..
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29 July 2019, 02:47 AM | #6 |
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29 July 2019, 02:55 AM | #7 |
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29 July 2019, 07:18 PM | #8 | |
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Quote:
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29 July 2019, 08:19 PM | #9 |
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29 July 2019, 10:10 PM | #10 |
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29 July 2019, 01:24 AM | #11 |
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Patek not immune. Visits to several ADs along Queen's Road Central and along Nathan Road reveal a lot of inventory (a lot more than usual) and salespeople say that a lot fewer Mainland customers in the recent weeks.
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29 July 2019, 01:28 AM | #12 |
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What kind of inventory was there just curious? Any better chance of a aqua or nauti?
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29 July 2019, 01:51 AM | #13 | |
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But a very full selection of annual calendars, perpetuals, ladies' watches (including Nautilus), and a few 5230. My usual Patek AD is at the fullest it's ever been since I've known them. A very full inventory of watches right now. Rewind back to May 2019 after China golden week holidays, there was just one or two watches on display in the whole shop for 2-3 weeks. My salesperson joked that there's no point in going to work if there's nothing to sell! (Oh, and she said "the shop looks like we've been robbed, with nothing left to display!") |
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2 August 2019, 04:02 AM | #14 | |
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I went at the beginning of May and saw one watch and a few sets of cuff links in one AD window |
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11 October 2019, 10:02 PM | #15 | |
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I still have to wait for 5 months before getting 7118A blue dial for my wife from my AD. |
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29 July 2019, 02:33 AM | #16 |
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Hong Kong has always been a huge watch market but that may be changing a bit with more stores opening up in mainland China.
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29 July 2019, 02:41 AM | #17 |
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Any idea guys how many pieces are rexported to Europe or the US through grays?just wondering.
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29 July 2019, 02:50 AM | #18 |
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29 July 2019, 06:12 AM | #19 |
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29 July 2019, 11:47 AM | #20 |
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The russian economy is not doing very well due to sanctions, low oil prices and a weak currency. Recovery will be hard, especially with Putins foreign policy which sets them up for more hard times in form of sanctions mostly.
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29 July 2019, 11:39 PM | #21 |
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Has the Russian economy ever performed well?
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31 July 2019, 01:35 AM | #22 |
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Most Swiss watches are purchased by the middle class and upper middle class. Whereas this group has ballooned significantly in places like China over the past 10 years, my impression is that in Russia and India, there is a small group of wealthy and then a huge group of everyone else. So it will be interesting to see if Patek will ever open up an AD in India.
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3 September 2019, 06:29 AM | #23 |
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Wow this was interesting for me. I wonder how many end up in each country. For example I know people from China used to travel to USA to buy and take back..
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29 July 2019, 07:57 AM | #24 |
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29 July 2019, 02:56 AM | #25 |
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I guess technically that’s a lot of foot traffic. Who knows maybe more sales
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29 July 2019, 04:59 AM | #26 | ||
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Quote:
Quote:
Long line for Outback Steakhouse.... Plus People protest against Rolex & Patek regarding SS Sport Watch shortage..... That insane......!!! ......
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29 July 2019, 10:31 AM | #27 | |
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Lol, I would love to join the protest against Rolex and Patek SS sport shortage! Sent from my iPhone using Tapatalk |
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3 September 2019, 06:28 AM | #28 |
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29 July 2019, 07:57 AM | #29 |
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29 July 2019, 09:37 AM | #30 |
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I was just in HK to get a grand comp pre owned last week. The seller said they didn’t feel anything. It was almost biz as usual. Maybe it’s just him. Who knows.
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