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Josh1000 · 22 November 2019, 11:29 PM

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

Fat_ninja · 22 November 2019, 11:43 PM

I’m too poor to think about it.

Codik · 22 November 2019, 11:57 PM

They probably make 1 of these each year. So if two people want it each year, there is a glut.

Josh1000 · 23 November 2019, 12:03 AM

Quote:

Originally Posted by Codik

They probably make 1 of these each year. So if two people want it each year, there is a glut.

I think there are 4 watchmakers alone on tbe grandmaster chime

Token74 · 23 November 2019, 12:04 AM

I’m so pathetically poor!

Sent from my iPhone using Tapatalk

Josh1000 · 23 November 2019, 12:04 AM

Quote:

Originally Posted by Fat_ninja

I’m too poor to think about it.

I am going to start collecting First Day Covers....those things with stamps on ...you know a stamp?...before email

Ichiran · 23 November 2019, 12:10 AM

I'm just contented my 5205 looks like the 5207. That's good enough for me. It's

I know.

locutus49 · 23 November 2019, 12:13 AM

These are ultra-luxury watches. I believe they are intended for Patek collectors and Thierry has indicated Patek will take care of Patek collectors. Perhaps in a perfect world poor people could own ultra-luxury goods but not in the world we live in.

Fat_ninja · 23 November 2019, 12:16 AM

I’ve been lucky enough to meet a bunch of billionaires over my career and none of them wear really expensive watches. The most expensive I saw was a dd (not sub sorry) or panerai when it was the it thing

So I’m going to assume these watches go to oligarchs

locutus49 · 23 November 2019, 12:18 AM

Or celebrities like John Mayor and Ed Sheerin.

Quote:

Originally Posted by Fat_ninja

I’ve been lucky enough to meet a bunch of billionaires over my career and none of them wear really expensive watches. The most expensive I saw was a sub or panerai when it was the it thing

So I’m going to assume these watches go to oligarchs

Fat_ninja · 23 November 2019, 12:19 AM

Quote:

Originally Posted by locutus49

Or celebrities like John Mayor and Ed Sheerin.

Cause I really want to look like either of them. I am fat after all

Edit: both those guys are better looking than me... and wealthier than me. I’m just being silly this morning

Josh1000 · 23 November 2019, 12:23 AM

Quote:

Originally Posted by Fat_ninja

I’ve been lucky enough to meet a bunch of billionaires over my career and none of them wear really expensive watches. The most expensive I saw was a dd (not sub sorry) or panerai when it was the it thing

So I’m going to assume these watches go to oligarchs

So have I...they are in the safe ....they just look at them and seldom.wear them

Fat_ninja · 23 November 2019, 12:24 AM

Quote:

Originally Posted by Josh1000

So have I...they are in the safe ....they just look at them and seldom.wear them

Ah. Those silly billionaires... I asked one of them to adopt me like 3x. Let’s just say he didn’t say yes.

locutus49 · 23 November 2019, 12:26 AM

Being good looking helps when you are a celebrity. John Mayor is also highly intelligent, which is really irritating. A winner in the genetic lottery.

Quote:

Originally Posted by Fat_ninja

Cause I really want to look like either of them. I am fat after all

Edit: both those guys are better looking than me... and wealthier than me. I’m just being silly this morning

Fat_ninja · 23 November 2019, 12:29 AM

Quote:

Originally Posted by locutus49

Being good looking helps when you are a celebrity. John Mayor is also highly intelligent, which is really irritating. A winner in the genetic lottery.

The celebrity In that genre that impresses me believe it or not is Adam Levine...

GB-man · 23 November 2019, 02:52 AM

Honestly he should find somewhere else to shop. THE UK is the worst place to buy a watch. Competing with oligarchs and oil tycoons.

Fat_ninja · 23 November 2019, 03:00 AM

Quote:

Originally Posted by GB-man

Honestly he should find somewhere else to shop. THE UK is the worst place to buy a watch. Competing with oligarchs and oil tycoons.

# of Oil tycoons are declining lol

Calatrava r · 23 November 2019, 04:41 AM

How many folks actually want these watches at such high prices. The application process is probably more of a way to get to know and befriend the customers of these watches than anything else. PP does not make many, so as said, if two customers who want a certain model, there could be a wait. Except on some models most of these top shelf watches are not that liquid. The margin is less on applications models from what I am told and discounts are frowned upon. The best way to buy such watches, if you can find them, is on the aftermarket where they generally sell for less than MSRP.

GreenLantern · 23 November 2019, 04:57 AM

The UK is, indeed, the worst place to be a watch collector.

And yes, the Grand Master Chime, I believe, is max 2-3 per year. So, there'd be a wait.

ap1 · 23 November 2019, 07:47 AM

Quote:

Originally Posted by Fat_ninja

The celebrity In that genre that impresses me believe it or not is Adam Levine...

Are we discussing man crushes now - everyone’s waits for hot pateks have brought us to this

For the record sheeran is not cute lol. I admit I like his hits meant for kids though

BigAppleBill · 23 November 2019, 07:57 AM

Quote:

Originally Posted by Fat_ninja

# of Oil tycoons are declining lol

At least in Texas, and most of the North American oil patch, everyone knows the mark of success is a yellow gold Rolex President. I believe it’s law in Texas that you must purchase a YG President on the occasion of your first successful oil well.

Fat_ninja · 23 November 2019, 08:28 AM

Quote:

Originally Posted by ap1

Are we discussing man crushes now - everyone’s waits for hot pateks have brought us to this

For the record sheeran is not cute lol. I admit I like his hits meant for kids though

Meant for chicks. Lol

Sup diamond boi

Fat_ninja · 23 November 2019, 08:29 AM

Quote:

Originally Posted by BigAppleBill

At least in Texas, and most of the North American oil patch, everyone knows the mark of success is a yellow gold Rolex President. I believe it’s law in Texas that you must purchase a YG President on the occasion of your first successful oil well.

Theres where I saw the most YG Rolexes... sadly they are also no longer billionaires.... doh

martinr · 23 November 2019, 09:34 AM

There’s a lady’s that posts on Purist Pro forum that can probably call Thierry and get whatever she wants in a month or less. Her dad owned Singha Brewery and was a major Patek collector and so is she.

VFA · 23 November 2019, 09:36 AM

Quote:

Originally Posted by BigAppleBill

At least in Texas, and most of the North American oil patch, everyone knows the mark of success is a yellow gold Rolex President. I believe it’s law in Texas that you must purchase a YG President on the occasion of your first successful oil well.

I was thinking about buying some oil wells in North America. I know multiple people with 9-10 figure net worths that are in oil. The business seems to have extremely high profit margins. I believe oil is not going anywhere anytime soon. Definitely not within our life times.

How do I make 100M from oil in texas? Thanks.

VFA · 23 November 2019, 09:38 AM

Quote:

Originally Posted by martinr

There’s a lady’s that posts on Purist Pro forum that can probably call Thierry and get whatever she wants in a month or less. Her dad owned Singha Brewery and was a major Patek collector and so is she.

Is she single?

martinr · 23 November 2019, 09:41 AM

Quote:

Originally Posted by VFA

Is she single?

Send her a PM, maybe she’ll buy you a beer.

VFA · 23 November 2019, 09:41 AM

Quote:

Originally Posted by Fat_ninja

I’m too poor to think about it.

Quote:

Originally Posted by Token74

I’m so pathetically poor!

Says the multi-millionaire.

I love this place.

benlee · 23 November 2019, 10:07 AM

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.

BigAppleBill · 23 November 2019, 10:25 AM

Quote:

Originally Posted by VFA

How do I make 100M from oil in texas? Thanks.

Start with 500M and drill lots of dry holes. You be at 100M in no time.

22 November 2019, 11:29 PM	#1
Josh1000 Banned Join Date: Sep 2019 Location: Amsterdam Posts: 505	Where does PP make its money 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

23 November 2019, 12:04 AM	#5
Token74 "TRF" Member Join Date: Dec 2012 Real Name: Vince Location: England Watch: Too many! Posts: 5,744	I’m so pathetically poor! Sent from my iPhone using Tapatalk __________________ Time is limited, make every second count. Patek Philippe Nautilus 5990 - AP Royal Oak 15300 - AP Royal Oak 15450 Blue - AP Royal Oak 15450 Silver - AP Royal Oak Offshore 26480 - Royal Oak Offshore 15710 - Rolex Sea Dweller 116600 - Rolex Daytona 116519 - Rolex GMT 126710 BLRO - Omega Speedmaster Reduced - JLC Reverso GMT Moonphase - TAG Microtimer - Dent Pocket Watch - JLC Atmos Phases de lune

23 November 2019, 02:52 AM	#16
GB-man 2025 Pledge Member Join Date: Nov 2012 Location: USA Watch: addiction issues Posts: 37,574	Honestly he should find somewhere else to shop. THE UK is the worst place to buy a watch. Competing with oligarchs and oil tycoons. __________________

23 November 2019, 10:07 AM	#29
benlee "TRF" Member Join Date: Dec 2012 Real Name: Ben Location: SIN & JKT Watch: Rolex, AP, PP Posts: 9,874	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. __________________ Follow me on Instagram : benlee789

22 November 2019, 11:43 PM	#2
Fat_ninja Banned Join Date: May 2018 Real Name: Jonathan Location: USA Watch: P-01 Posts: 11,772	I’m too poor to think about it.

22 November 2019, 11:57 PM	#3
Codik "TRF" Member Join Date: Sep 2016 Location: UK Posts: 284	They probably make 1 of these each year. So if two people want it each year, there is a glut.

23 November 2019, 12:10 AM	#7
Ichiran 2025 Pledge Member Join Date: Jan 2018 Real Name: Michael Location: Near beach Watch: PB1967 Posts: 8,249	I'm just contented my 5205 looks like the 5207. That's good enough for me. It's I know.

23 November 2019, 12:13 AM	#8
locutus49 Banned Join Date: May 2014 Real Name: John Location: La Jolla, CA Watch: Platona Posts: 12,193	These are ultra-luxury watches. I believe they are intended for Patek collectors and Thierry has indicated Patek will take care of Patek collectors. Perhaps in a perfect world poor people could own ultra-luxury goods but not in the world we live in.

23 November 2019, 12:16 AM	#9
Fat_ninja Banned Join Date: May 2018 Real Name: Jonathan Location: USA Watch: P-01 Posts: 11,772	I’ve been lucky enough to meet a bunch of billionaires over my career and none of them wear really expensive watches. The most expensive I saw was a dd (not sub sorry) or panerai when it was the it thing So I’m going to assume these watches go to oligarchs

23 November 2019, 04:41 AM	#18
Calatrava r 2025 Pledge Member Join Date: Mar 2017 Location: United States Watch: Rolex and Patek Posts: 11,704	How many folks actually want these watches at such high prices. The application process is probably more of a way to get to know and befriend the customers of these watches than anything else. PP does not make many, so as said, if two customers who want a certain model, there could be a wait. Except on some models most of these top shelf watches are not that liquid. The margin is less on applications models from what I am told and discounts are frowned upon. The best way to buy such watches, if you can find them, is on the aftermarket where they generally sell for less than MSRP.

23 November 2019, 04:57 AM	#19
GreenLantern "TRF" Member Join Date: Oct 2016 Location: Montana Posts: 3,225	The UK is, indeed, the worst place to be a watch collector. And yes, the Grand Master Chime, I believe, is max 2-3 per year. So, there'd be a wait.

23 November 2019, 09:34 AM	#24
martinr "TRF" Member Join Date: Jan 2013 Location: California Posts: 3,108	There’s a lady’s that posts on Purist Pro forum that can probably call Thierry and get whatever she wants in a month or less. Her dad owned Singha Brewery and was a major Patek collector and so is she.

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