Where does PP make its money

[Josh1000]

Originally Posted by benlee

You guys will be surprised an the number of high-net-worth individuals whereby splashing millions on a watch is nothing much to them and buying a run-of-the-mill 150K to 200K PPC is like us buying a Casio.

Most of them other than the celebs are very low profile. You wont find them on forums or on IG showing off their Pateks or other high end watches.

Spot on

[ragsk]

I couldn't bring myself to wear that watch even if I had the money/influence to buy it.

Complications aside it seriously looks yuk. Antiquated.

[Josh1000]

Originally Posted by ragsk

I couldn't bring myself to wear that watch even if I had the money/influence to buy it.

Complications aside it seriously looks yuk. Antiquated.

agree but doubt they are actually worn

[kaiserphoenix]

I dont think the UK is the worst place tbh, Asia is even worse....

[Blah114aa]

Originally Posted by Josh1000

I dont think we know with certainty and much has been said how the dress watch is dead and that PP needs to restrict supply on certain.models as they dont hold value. I have been having some chats in the UK and its dawned on me that no matter how much we think we are important to an AD there are customers spending money in eye watering amounts that make our humble contribution pale in comparison.

So.i have a friend struggling to get a 6002G. Waiting list????? 50.....that's a GBP 1.1 mio watch....he has a significant collection but the unspoken word is that if you dont have a MR you dont get prioritised for a 6002G....

Ok....I will buy a MR....5207G.....mmmmm possibly 3 years no promise....ok 5316P........mmmmmm let's say no chance but put on a wish list...ok..how about 5208R....possibly two years...ok.if I buy two??? Well it will help on the 6002 but no guarantee we can allocate...

So he is trying to spend GBP 3 mio and it's quite difficult...at the same time ahead of him at the AD is 1 client with 2 MR on order and another with another....in desperation I will.order 5270P, 6102P and one I cant remember....on the 5270P there are 3 on order and all happened in last few weeks after not one order since Baselworld...no mention when any will be delivered.....

So maybe when u have average unit values far higher than we think it doesnt matter if they sell watches that are cheaper and dont hold value.

Oh a customer with a 6300G requested a 5531 and told one day...not now.....

In a way it's a nice feeling knowing I will never qualify to buy any of these

They make money from watch sales. They also invest from a shell company in stocks and hide these earnings from the USA and EU governments.. Rolex does the same thing.

[WatchLurv]

It takes them 2 years to make a 6002G. There are people out there that are just able to afford it, but it also means that Patek just won't employ 1000 guys hand carving bezels.