Patek drops prices?! Could rolex be next?

[NukeMan]

Originally Posted by vincent65

no.

x2

[seand442]

Originally Posted by FTX I

It's amazing the number of times you have to repeat that and people don't listen.

It was on the Internet. It has to be true. That's the rule.

[GB-man]

Originally Posted by K3vin

I feel like nothing will happen. The price between Rolex and (arguably the next segment) Patek is way too much. I think the gap needs to close and that is going to come more from the top end than the bottom.

Yes. Also the new Ferrari 488 is way overpriced! Ferrari will likely cut prices until they are in line with the corvette z06

[SeaAndSky]

Originally Posted by Mystro

I hope prices drop. Quality control has not gotten any better so I am not sure how or why Rolex has been raising their prices steadily for the last few years??? If Coke did this a can of soda would be $15 by now.

It's a real shoddy product isn't it? So much so that a bunch of intelligent men and women spend a fair bit of their free time perusing this forum learning about and admiring the product. Rolex doesn't have a quality control issue. Nothing made by man has been or will ever be percect. . .

[K3vin]

Originally Posted by HL65

Couldn't disagree more not even comparable...Sorry. Someone looking to buy a Sub or DJ isn't shopping against $50-70-100K watches. So should Rolex lower prices and close gap with Omega or Breitling or other brands?

People shopping Patek usually look at AP, Lange, VC, FPJ etc. Perhaps Rolex at some level ie Aqunaut or 5711 but not for most part.

Well we are on a rolex forum talking about patek, so yes, many people here are looking at either adding more Rolexes/"low"-end to their collection or skipping to the next segment. Likewise, most here are much less enthusiastic about Omega / Breitling, so yes again, while not directly cross-shopping a PP to a Rolex, many who are looking for a new time piece are consciously deciding whether or not to jump to the next higher segment.

The fact that Hong Kong sales have slowed well before the currency drop, and Patek has just devalued their own watches can certainly be indicative that they need to increase their customer base. Using your own example, Patek released the aquanaut in '97 to attract "younger" buyers... aka close the gap.

[K3vin]

Originally Posted by GB-man

Yes. Also the new Ferrari 488 is way overpriced! Ferrari will likely cut prices until they are in line with the corvette z06

Hence the reason why the shitty Ferrari California, POS $66k Masterati Ghibli, or Porsche Boxster was released . Either lower prices, make cheaper models or miss that bigger piece of the pie.

[Racerdj]

There's never a dull moment here!

[SeaAndSky]

By the way, it cracks me up to read Rolex and low-end in the same sentence. There seems to be a lack of real perspective here sometimes. And the day Rolex lowers prices in the U.S. will be the day I start searching for flying pigs as well as migratory flocks of birds.

[j-geng]

PP lowered prices in Australia. Our currency has dropped considerably in value as well.

[jpm_nyc]

Was actually at the RSC in NYC yesterday picking up my first one (Explorer I) and, without prompting, a sales rep told me that if I wanted another one to pick it up sooner rather than later. Because a 5-10% increase was coming soon. I tried to pin her down on the date but she basically said in two-three weeks.

[HL65]

Originally Posted by jpm_nyc

Was actually at the RSC in NYC yesterday picking up my first one (Explorer I) and, without prompting, a sales rep told me that if I wanted another one to pick it up sooner rather than later. Because a 5-10% increase was coming soon. I tried to pin her down on the date but she basically said in two-three weeks.

Oh boy....

Last time really: No Rolex AD knows in ADVANCE and any that tell you they do are full of rubbish. They know the day they get new price book Rolex does not and never has telegraphed w/ exception of currency adjustment in certain markets.

[RolexInsider]

Rolex decreasing prices is as likely as a Paul Newman modern re edition

[omx5o]

I see no reason why US prices couldn't decrease due to currency appreciation. But they'd decrease along with every other sku.

But since the Swiss franc is also appreciating it's unlikely.

[GB-man]

Originally Posted by HL65

Oh boy....

Last time really: No Rolex AD knows in ADVANCE and any that tell you they do are full of rubbish. They know the day they get new price book Rolex does not and never has telegraphed w/ exception of currency adjustment in certain markets.

[subtona]

Originally Posted by HL65

Couldn't disagree more not even comparable...Sorry. Someone looking to buy a Sub or DJ isn't shopping against $50-70-100K watches. So should Rolex lower prices and close gap with Omega or Breitling or other brands?

People shopping Patek usually look at AP, Lange, VC, FPJ etc. Perhaps Rolex at some level ie Aqunaut or 5711 but not for most part.

x2


Patek is not trying to be Rolex & Rolex is not trying to be Patek

[Vipes]

Originally Posted by HL65

Oh boy....

Last time really: No Rolex AD knows in ADVANCE and any that tell you they do are full of rubbish. They know the day they get new price book Rolex does not and never has telegraphed w/ exception of currency adjustment in certain markets.

Hey, Ken I think you have to say it again

[HL65]

Originally Posted by Vipes

Hey, Ken I think you have to say it again

[Majin Buu]

Hi There !

My local AD gets 1 week notice of "any changes", the same day the new price list comes, that day new prices are implemented...

That said, actually, regarding gossip, they know nothing at all ....

Cheers !

MB

[Chaching]

This thread is hilarious...........

[Micha]

Originally Posted by RolexInsider

Rolex decreasing prices is as likely as a Paul Newman modern re edition

that is what probably everyone would have said about PP a week ago, and who predicted oil to be at half price from only a few months ago, and the Swiss Central Bank decision ...and and and. Nobody here (or wherever) has a crystal ball

[Touring]

Doubt it. Rolex is still relatively affordable although I do yearn for the pricing from 8-10 years ago....

When the 36mm DJ starts hitting five figures, then they've gone too far.

[redsubby]

Originally Posted by Mystro

I hope prices drop. Quality control has not gotten any better so I am not sure how or why Rolex has been raising their prices steadily for the last few years??? If Coke did this a can of soda would be $15 by now.

And which watch manufacture has not increased prices and improved their QC at the same time?

[Brushpup]

Originally Posted by HL65

Take a rest Ken. Pass that pricing torch on to us, we know it's getting heavy and you deserve the break. We'll carry it on and make you proud.

[HL65]

Originally Posted by Brushpup

Take a rest Ken. Pass that pricing torch on to us, we know it's getting heavy and you deserve the break. We'll carry it on and make you proud.

[Racerdj]

Originally Posted by Brushpup

Take a rest Ken. Pass that pricing torch on to us, we know it's getting heavy and you deserve the break. We'll carry it on and make you proud.

I'll help give Ken a rest on this one!

[AK797]

What's the definition of insanity again?

[Jetkopite]

I cant see Rolex lowering prices anytime soon..

I was at a AD here Dubai today and was advised that Rolex prices went up by 5% from 1st Feb... Patek illness is slowly starting creep in now, the search has started.. :banghead :

[regnant]

Patek dropped prices ? Can leopard change it's spots ?

[Dyim]

Originally Posted by Micha

that is what probably everyone would have said about PP a week ago, and who predicted oil to be at half price from only a few months ago, and the Swiss Central Bank decision ...and and and. Nobody here (or wherever) has a crystal ball

My crystal ball says there will NOT be a price DECREASE. There will be a price INCREASE, my crystal ball is a bit cloudy at the moment and cannot tell me when that is though. The ball usually clears up the day the increase happens, so I'll keep you guys posted

[mailman]

Originally Posted by HL65

Correct...Even with 7% decrease we still pay 10%-13% premium here in US for same watch. Europe should have had a 15% increase but clearly that would have killed sales there so it was only 7% increase. Do I think Rolex will do same here? No I don't see that happening. I do see Europe getting hit with decent price hike though. It is now February and still waiting for that Feb 1 increase though.

I heard it's coming Feb 31st