Discounts from Patek ADs

[Dr.Teatime]

Gents,
I'm a (relatively) new addition to this forum, and I've loved seeing the discussions.

I'm curious to see if Patek ADs offer discounts and, if so, how much?
I'll qualify by saying that I know/ understand the typical issues, how long the AD had a piece in stock, type of piece etc...

I'm specifically asking about the 5130r, 5712a, 5164a and 5167. These are relatively high demand pieces. So I'm curious if a discount can be obtained.

Thanks for the help

[texex91]

How long have you known your AD?

How many pieces have you purchased from your AD?

What PP pieces have you previously purchased from that AD?

Outside of that you have alternatives such as grays and used market.

Good luck with your hunt.

0-30% based upon your answers.

[incontrol]

Originally Posted by texex91

How long have you known your AD?

How many pieces have you purchased from your AD?

What PP pieces have you previously purchased from that AD?

Outside of that you have alternatives such as grays and used market.

Good luck with you hunt.

Agree with Paul!

[Defiancekofb]

Originally Posted by Dr.Teatime

Gents,
I'm a (relatively) new addition to this forum, and I've loved seeing the discussions.

I'm curious to see if Patek ADs offer discounts and, if so, how much?
I'll qualify by saying that I know/ understand the typical issues, how long the AD had a piece in stock, type of piece etc...

I'm specifically asking about the 5130r, 5712a, 5164a and 5167. These are relatively high demand pieces. So I'm curious if a discount can be obtained.

Thanks for the help

It depends on the piece and what material it's made of. Most of the steels literally fly out the door or have a long waiting list. So you will pay list on those, but for PM there's a good chance you could get a discount on them.

[Dr.Teatime]

Can one expect 30% on 5712, 5164 & 5130?
Just curious

Thanks

[jonathan17]

Originally Posted by Dr.Teatime

Can one expect 30% on 5712, 5164 & 5130?
Just curious

Thanks

Straight answer will be No for a 5712a, not even the gray market can offer you such discount.

[Kittayos]

The only reason that you will get such discount is if you buy some big pieces that are difficult to sell. You can ask an AD for a favor in this case.

A friend of mine bought 5370p and 5204p in June this year at full retail price. Only get back in tax refund. AD in return promised to offer him eight 5712r's, one 5575g and a wait list on 5131r expecting to receive in 2017. This AD received nine 5712r this year and apparently 8 of them is gone to my friend. Each time he received them 4 pieces + 4 pieces. I even took a pic of them all. Patek would be pissed knowing this. He sold both 5204p and 5370p with some loss, but gained some money back on 5712r and a few more other references which I can't remember.

This whole Patek market is really screwed up I'm telling you. There are endless people like this and you can never stop them as long as AD wants to sell.

[kilyung]

I've gotten deep discounts on all my PPs but I've spent $$$$$ at their store.

[Defiancekofb]

Originally Posted by Dr.Teatime

Can one expect 30% on 5712, 5164 & 5130?
Just curious

Thanks

Any Patek SS model is probably 5-10% discount max. PM you can get a higher discount.

Originally Posted by Kittayos

The only reason that you will get such discount is if you buy some big pieces that are difficult to sell. You can ask an AD for a favor in this case.

A friend of mine bought 5370p and 5204p in June this year at full retail price. Only get back in tax refund. AD in return promised to offer him eight 5712r's, one 5575g and a wait list on 5131r expecting to receive in 2017. This AD received nine 5712r this year and apparently 8 of them is gone to my friend. Each time he received them 4 pieces + 4 pieces. I even took a pic of them all. Patek would be pissed knowing this. He sold both 5204p and 5370p with some loss, but gained some money back on 5712r and a few more other references which I can't remember.

This whole Patek market is really screwed up I'm telling you. There are endless people like this and you can never stop them as long as AD wants to sell.

Hey if I was a salesman and could sell close to $300k in watches in one transaction, I would do it. to your friend, I wish I had that kind of coin.

[KarlS]

I got a wallet once

[jon_jon]

Originally Posted by Kittayos

The only reason that you will get such discount is if you buy some big pieces that are difficult to sell. You can ask an AD for a favor in this case.

A friend of mine bought 5370p and 5204p in June this year at full retail price. Only get back in tax refund. AD in return promised to offer him eight 5712r's, one 5575g and a wait list on 5131r expecting to receive in 2017. This AD received nine 5712r this year and apparently 8 of them is gone to my friend. Each time he received them 4 pieces + 4 pieces. I even took a pic of them all. Patek would be pissed knowing this. He sold both 5204p and 5370p with some loss, but gained some money back on 5712r and a few more other references which I can't remember.

This whole Patek market is really screwed up I'm telling you. There are endless people like this and you can never stop them as long as AD wants to sell.

I think Patek wants to limit gray market dealers because of situations like this. They want to sell pieces directly to end clients and not to resellers. Unfortunately the market is not perfect and there will always be a gray market in one form or another.

[KarlS]

Originally Posted by jon_jon

I think Patek wants to limit gray market dealers because of situations like this. They want to sell pieces directly to end clients and not to resellers. Unfortunately the market is not perfect and there will always be a gray market in one form or another.

I agree and certain geographies like the UK very tough on end purchaser and discounts, whereas other markets there appears to be considerable wriggle room. Grey dealers I believe have a role in the pre owned market but when they can carve a niche for themselves in the primary market something ain't working!

[KarlS]

Originally Posted by Kittayos

The only reason that you will get such discount is if you buy some big pieces that are difficult to sell. You can ask an AD for a favor in this case.

A friend of mine bought 5370p and 5204p in June this year at full retail price. Only get back in tax refund. AD in return promised to offer him eight 5712r's, one 5575g and a wait list on 5131r expecting to receive in 2017. This AD received nine 5712r this year and apparently 8 of them is gone to my friend. Each time he received them 4 pieces + 4 pieces. I even took a pic of them all. Patek would be pissed knowing this. He sold both 5204p and 5370p with some loss, but gained some money back on 5712r and a few more other references which I can't remember.

This whole Patek market is really screwed up I'm telling you. There are endless people like this and you can never stop them as long as AD wants to sell.

How can he promise a 5575G when the last was delivered some time ago and it's a LE with Geneva allocating to the buyer not the AD? Something wrong with the story

[lapince]

Originally Posted by KarlS

I agree and certain geographies like the UK very tough on end purchaser and discounts, whereas other markets there appears to be considerable wriggle room. Grey dealers I believe have a role in the pre owned market but when they can carve a niche for themselves in the primary market something ain't working!

Well it's not only PP all brands have tons of unworn pieces on chrono24, but yes it is strange when very in demand pieces are found unworn or even sealed on the grey market, how is that even possible

Originally Posted by KarlS

How can he promise a 5575G when the last was delivered some time ago and it's a LE with Geneva allocating to the buyer not the AD?

Have a hard time understanding that as well, but to be honest the dealer is a fox, 2 expensive pieces sold at retail, 8 5712R's, not the 1A, so not super in demand pieces, for a discount, probably good since the guy sold them for a profit, and a promise for a 5575 and a 5131 for 2017, promise which IMHO will never be fulfilled...

[kultschar]

8 5712rs? Crazy stuff!

Kind of makes sense why im struggling to get a 5167 or SS 5712 from an AD but the greys can get them in :(

[Russell996]

Originally Posted by Kittayos

The only reason that you will get such discount is if you buy some big pieces that are difficult to sell. You can ask an AD for a favor in this case.

A friend of mine bought 5370p and 5204p in June this year at full retail price. Only get back in tax refund. AD in return promised to offer him eight 5712r's, one 5575g and a wait list on 5131r expecting to receive in 2017. This AD received nine 5712r this year and apparently 8 of them is gone to my friend. Each time he received them 4 pieces + 4 pieces. I even took a pic of them all. Patek would be pissed knowing this. He sold both 5204p and 5370p with some loss, but gained some money back on 5712r and a few more other references which I can't remember.

This whole Patek market is really screwed up I'm telling you. There are endless people like this and you can never stop them as long as AD wants to sell.

It is behaviour like this AD's (assuming story is correct) that Patek's new policies are designed to stop. If my understanding of the UK policy is being rolled out Worldwide then soon this won't be possible.
Being promised a 5575G and a 5131R?


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[AK797]

Originally Posted by KarlS

I got a wallet once

Very ironic gesture once they've robbed you of all your cash.

I think 10% is possible on 5712 and 5164. Probably nothing on the 5167.

[KarlS]

Originally Posted by AK797

Very ironic gesture once they've robbed you of all your cash.

I think 10% is possible on 5712 and 5164. Probably nothing on the 5167.

Maybe I can sell it!!!

[Defiancekofb]

Originally Posted by KarlS

I got a wallet once

Show us pics the wallet. Or it never happened.

[Kittayos]

Originally Posted by Russell996

It is behaviour like this AD's (assuming story is correct) that Patek's new policies are designed to stop. If my understanding of the UK policy is being rolled out Worldwide then soon this won't be possible.
Being promised a 5575G and a 5131R?


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Can never be stopped imo. I guarantee you. Even Wempe does this but such stories never roll out to you. A load of 5146 and calatrava never get to sell out. So, if one guy shows up with tight relationship to a manager or someone higher in that AD and commits to buy 7 of them At once, don't you think Wempe does in turn have to compensate or give something special to that particular customer. This is after all better than returning it to Patek in Geneva. Many dead models are obstacles to most ADs even with deep discount.

Anyway, the only thing that Patek can stop the grey dealers is pumping out tons more of popular models, so that the price outside the AD has little or zero premium due to supply and demand. Taking names or submitting names before buying is a joke imo. Most AD I know even advise me you can just bs on the list of what you own or make up a story of what you are currently doing.

440 ADs in total. Yes, you can control them but that is just a minority.

Let the free market run and enjoy what you wear. Perfect competition.

[KarlS]

You didn't explain how he got offered a 5575 from an AD in the last 2 months

[Russell996]

Originally Posted by Kittayos

Can never be stopped imo. I guarantee you. Even Wempe does this but such stories never roll out to you. A load of 5146 and calatrava never get to sell out. So, if one guy shows up with tight relationship to a manager or someone higher in that AD and commits to buy 7 of them At once, don't you think Wempe does in turn have to compensate or give something special to that particular customer. This is after all better than returning it to Patek in Geneva. Many dead models are obstacles to most ADs even with deep discount.



Anyway, the only thing that Patek can stop the grey dealers is pumping out tons more of popular models, so that the price outside the AD has little or zero premium due to supply and demand. Taking names or submitting names before buying is a joke imo. Most AD I know even advise me you can just bs on the list of what you own or make up a story of what you are currently doing.



440 ADs in total. Yes, you can control them but that is just a minority.



Let the free market run and enjoy what you wear. Perfect competition.

We will see. I applaud Patek for trying to improve the situation, they have to start somewhere.


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[Dr.Teatime]

Thanks to everyone for their comments.
A local jeweler was able to source a 5164 at 15% off through some jewelers network.
So, I guess the grey / free market will remain strong.
I'd like to support our local AD (which is a smaller family business) if the price was close. But, I wasn't sure if I would be obnoxious to ask for a discount on these particular references. Clearly, they move well and are unlikely to burden his showcase for too long.

[martinr]

What is Patek doing shipping the AD nine 5712R's in a year? That's just dumb and they're asking for them to be sold to a grey dealer. Also, do we really want to eliminate the grey dealers? They offer good prices and make the AD's offer discounts to compete.

[kultschar]

Originally Posted by Dr.Teatime

Thanks to everyone for their comments.
A local jeweler was able to source a 5164 at 15% off through some jewelers network.
So, I guess the grey / free market will remain strong.
I'd like to support our local AD (which is a smaller family business) if the price was close. But, I wasn't sure if I would be obnoxious to ask for a discount on these particular references. Clearly, they move well and are unlikely to burden his showcase for too long.

Not bad I guess on the 5164 but I guess the least popular of the ones mentioned!

[KarlS]

Originally Posted by martinr

What is Patek doing shipping the AD nine 5712R's in a year? That's just dumb and they're asking for them to be sold to a grey dealer. Also, do we really want to eliminate the grey dealers? They offer good prices and make the AD's offer discounts to compete.

Wish I could believe the story!

[AJW232]

I'm going to be in the market for a 5980r-001 soon and was thinking about discounts. I'm in the UK and I think it will be tough enough to get one from an AD let alone get a discount. I'd prefer to buy from an AD but the discount on the grey market and immediate availability is quite tempting.

[Defiancekofb]

Originally Posted by Dr.Teatime

Thanks to everyone for their comments.
A local jeweler was able to source a 5164 at 15% off through some jewelers network.
So, I guess the grey / free market will remain strong.
I'd like to support our local AD (which is a smaller family business) if the price was close. But, I wasn't sure if I would be obnoxious to ask for a discount on these particular references. Clearly, they move well and are unlikely to burden his showcase for too long.

You might as well give it a shot and ask. Worst case scenario they say no and you buy it from a gray dealer.

[jon_jon]

Originally Posted by Dr.Teatime

Thanks to everyone for their comments.
A local jeweler was able to source a 5164 at 15% off through some jewelers network.
So, I guess the grey / free market will remain strong.
I'd like to support our local AD (which is a smaller family business) if the price was close. But, I wasn't sure if I would be obnoxious to ask for a discount on these particular references. Clearly, they move well and are unlikely to burden his showcase for too long.

If you are buying more than one piece, definitely ask for a discount. The worst they can say is no. In general smaller ADs located in non-metro areas have a harder time moving certain pieces and may be more willing to work with you on pricing.

[RUK]

Can get about 10% I would say. I've not got any but I've seen 10% offered in some markets for the off the shelf models.
The rare ones get zero as far as I know , why give a discount when someone else is willing to pay full price.


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