Why are all the watch sites pushing F.P Journe?

[yonexsp]

It seems to be F.P Journe everything these days. Article after article, especially by The Watchbox.

Part of a concerted effort to push the brand in these difficult times?

[037]

Sure seems that way. The FPJ CB, for example, nearly doubled in price in short time and TWB appears to be right there to ride (or influence) the wave.

I've also seen the CS silver dial recently sell for $19k on one site now listed on TWB at $29k. I've since been curious if it's the same watch.

Regardless of who or what is behind it, the end result is another great brand ruined by hype with many enthusiasts quickly being priced out of the market.

[Blansky]

Maybe it's to help small business and the less fortunate in these troubling times.

I was thinking of selling my house and buying one to help out.

[sgwatchguy]

Hype machine overlords choosing what they can hype to madness


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[Fat_ninja]

Cause a certain retailer cornered the market...
rumors was that they wanted to buy a position in the Journe...

Unfortunately.... corona virus came along.

[enjoythemusic]

Or perhaps FPJ is a truly excellent class-leading brand that makes exquisite timepieces, plus FPJ offers excellent customer service too. FPJ, imho, makes far better timepieces than many other leading brands. Perhaps TRF should add an FPJ board here, as they do other lesser-quality and lower customer service brands that take six months simply to do a very basic service one of their timepieces.

[Patton250]

Originally Posted by yonexsp

It seems to be F.P Journe everything these days. Article after article, especially by The Watchbox.

Part of a concerted effort to push the brand in these difficult times?

Because Watchbox is owned by Govberg and they are an FPJ authorized dealer.

Originally Posted by Blansky

Maybe it's to help small business and the less fortunate in these troubling times.

I was thinking of selling my house and buying one to help out.

I’m with you on that.

Originally Posted by enjoythemusic

Or perhaps FPJ is a truly excellent class-leading brand that makes exquisite timepieces, plus FPJ offers excellent customer service too. FPJ, imho, makes far better timepieces than many other leading brands. Perhaps TRF should add an FPJ board here, as they do other lesser-quality brands.

Exactly. From what I can tell FPJ takes it to an entirely new level even beyond Patek and ALS. For me I’m not that crazy about their dial designs but I’m just one opinion and I would have to sell half my collection just to buy one piece so that’s not going to happen.

[GB-man]

As noted Watchbox is owned by govberg who is a large journe AD and a major player in the journe secondary market. I love FPJ watches but they too will fall hard in price by summer.

[Chewbacca]

Originally Posted by yonexsp

It seems to be F.P Journe everything these days. Article after article, especially by The Watchbox.

Part of a concerted effort to push the brand in these difficult times?

One can never know for sure but it’s a fine maker. And, wouldn’t be surprised if more and more the know are simply fed up and bored writing about Rolex AP PP VC.

This whole thing offered a clean slate for so many brands and writers to stretch.

[GGGMT]

Thanks everybody for the learning here. It’s not a brand I’ve ever focused on, and now will start to do so and see what they are all about. I’m sure, another group of amazing watches that I can no longer afford!


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[Patton250]

Originally Posted by GB-man

As noted Watchbox is owned by govberg who is a large journe AD and a major player in the journe secondary market. I love FPJ watches but they too will fall hard in price by summer.

How hard can they possibly fall? I don’t think they make that many a year.

[joli160]

Because these are beautiful watches and deserve to be in the spot light

[GB-man]

Originally Posted by Patton250

How hard can they possibly fall? I don’t think they make that many a year.

They make around 1k per year so I understand. It’s jewelry Brett. They can fall farther than Rolex and Patek in my opinion.

[Fat_ninja]

Originally Posted by GB-man

As noted Watchbox is owned by govberg who is a large journe AD and a major player in the journe secondary market. I love FPJ watches but they too will fall hard in price by summer.

Lol it’s funny when someone corners the market but only to be surprised by the end of the world lol

[Viper-FFM]

Originally Posted by yonexsp

It seems to be F.P Journe everything these days. Article after article, especially by The Watchbox.

Part of a concerted effort to push the brand in these difficult times?

Watchbox / Govberg are hyping Journe up because they sit on a huge stock of Journe watches. They have risen prices for specific models (Octa Calendrier, Chronometre Bleu, Chronometre Havana) by up to 100% within the last 3-4 months, trying to find the stupid kid that believes those prices are actually real.

[christianj]

We've all seen Journe prices go up in recent years due to tight supply and demand....especially on the Chronometre Blue. But I just noticed that the asking prices are now close to $50k online for the CB which is just plain ridiculous!

[Keadog]

I wear my Octa Lune almost every day unless I know I'm going to get wet and/or dirty.
I'll never sell it, so it doesn't matter to me if its value goes to zero.

[sgwatchguy]

Originally Posted by Viper-FFM

Watchbox / Govberg are hyping Journe up because they sit on a huge stock of Journe watches. They have risen prices for specific models (Octa Calendrier, Chronometre Bleu, Chronometre Havana) by up to 100% within the last 3-4 months, trying to find the stupid kid that believes those prices are actually real.

There’s a lot of those kids. Hence the stupid stupid prices for a lot of the ‘hot’ watches.


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[rolexpatek363]

Originally Posted by GB-man

They make around 1k per year so I understand. It’s jewelry Brett. They can fall farther than Rolex and Patek in my opinion.

I think the opposite is true. Rolex and PP do not have the exclusivity. Falls in prices will be proportional to production numbers for all watch manufacturers.

[CHEY]

Originally Posted by Patton250

How hard can they possibly fall? I don’t think they make that many a year.

Your line of reasoning would make sense if the growth in the demand for F.P. Journe watches is organic. Unfortunately, this is not the case. Instead, Govberg/Watchbox has artificially inflated the secondary market prices for F.P Journe watches in the past year or so.

Quite simply, Watchbox cornered the market by buying hundreds of FP Journe watches and then jacked up the prices. This is blatant, unashamed price manipulation. This sort of corner-the-market play does not create additional value to end users/buyers and is just plain despicable. To me, this is much worse than the Nautilus bubble that is coming down now.

In fact, Watchbox uploaded a video on youtube about two weeks ago which showcased many of the Journes they had in inventory. In that video, Danny Govberg and George Mayer said that they had around 200 Journes in stock. Watchbox took down the video subsequently presumably because the video made them look really bad.

F.P. Journe watches are beautiful and if necessary I am willing to pay premiums to buy them. However, I will not pay premiums that are artificially inflated by a small number of bad actors (i.e., Watchbox/Govberg). It's also risky to buy F.P. Journe at these prices. Watchbox's corner-the-market play may well not work out, in which case they will have to lower prices to sell.

[WatchEater666]

I was quoted almost half the current price for a resonance in December and had decided to wait for the new version assuming it would push the price of the old one down a bit or that I might want the new version instead. :/

[BendyBee]

I am curious why some of you guys are surprised by FPJ’s esp CB’s price going up? What about PP5711? It’s plained vanilla compared to the CB.

[Calatrava r]

Good thread with a lot of good information. I also think the CB price point is not sustainable.

[CHEY]

Originally Posted by BendyBee

I am curious why some of you guys are surprised by FPJ’s esp CB’s price going up? What about PP5711? It’s plained vanilla compared to the CB.

I am not surprised that FPJs are going up.

I was merely pointing out the main reason for the increased prices - a small number of watch resellers (mainly Watchbox/Govberg) artificially inflated the prices by purchasing a large number of FPJs (hundreds of them), drying up supply in the market and then jacked up the prices.

Many of the FPJs have been available on Watchbox's website for weeks, suggesting that these pieces are not being sold right away at the prices Watchbox is asking for.

[WatchEater666]

Originally Posted by CHEY

I am not surprised that FPJs are going up.

I was merely pointing out the main reason for the increased prices - a small number of watch resellers (mainly Watchbox/Govberg) artificially inflated the prices by purchasing a large number of FPJs (hundreds of them), drying up supply in the market and then jacked up the prices.

Many of the FPJs have been available on Watchbox's website for weeks, suggesting that these pieces are not being sold right away at the prices Watchbox is asking for.

Definitely agree with your logic. For me, it's less about the price as more about fundamentally overpaying. I can't bring myself to do it when my job is investing in distressed/cheap companies lol

[Swaye]

Originally Posted by enjoythemusic

Or perhaps FPJ is a truly excellent class-leading brand that makes exquisite timepieces, plus FPJ offers excellent customer service too. FPJ, imho, makes far better timepieces than many other leading brands. Perhaps TRF should add an FPJ board here, as they do other lesser-quality and lower customer service brands that take six months simply to do a very basic service one of their timepieces.

This. Excellent watches (if you like the style). Period. The end.

[enjoythemusic]

Originally Posted by Swaye

This. Excellent watches (if you like the style). Period. The end.

[A971]

Originally Posted by Calatrava r

Good thread with a lot of good information. I also think the CB price point is not sustainable.

Yeah, totally agree. I wasn't aware of this at all!

Really beautiful watches. Would love to own one at some point.
The boutique in Tokyo is excellent.

[Mifune]

FPJ's are amazing pieces and wonderful designs... right now they are slightly out of my price range. If they were in my range, I'd be a buyer for sure.
I love the design sensibility and aesthetics.

[BigAppleBill]

Originally Posted by enjoythemusic
Or perhaps FPJ is a truly excellent class-leading brand that makes exquisite timepieces, plus FPJ offers excellent customer service too. FPJ, imho, makes far better timepieces than many other leading brands. Perhaps TRF should add an FPJ board here, as they do other lesser-quality and lower customer service brands that take six months simply to do a very basic service one of their timepieces.

Originally Posted by Swaye

This. Excellent watches (if you like the style). Period. The end.

^^What they said. More and more people are discovering and appreciating the quality, design, philosophy and relative rarity of FPJ watches. I also think a certain segment of watch enthusiasts appreciate a skilled manufacturer with integrity of purpose, which offers an alternative to more the well known, higher production houses.