cbb in honor of Chamnong Bhirombhakdi
855
Good start but more MUST be done!
Jun 19, 2023,15:14 PM
I know Patek has try to be loyal and keep relationship with their AD but if Patek is to carry on with their “new base” clients who are truly keen about the time pieces and not profit speculation, they do need AD who sees the same way, strictly adhere to Patek’s wishes and can honestly find true interest buyers and not their own friends of friends who are out for a quick profit. Even at Singapore Grand Exhibition, there were resale on pieces I didn’t even get then… stupidly with owner’s name shown on certificate! That…the AD should immediately blacklisted their “very good” clients. Patek should’ve put those ADs on tight ropes with “stern” warning on “never to happen” again.
My suggestion to Patek is that if there are ADs with “wrong” clients and more than 2 resale within a year AND force “add-on” sales to clients, Patek should severe their relationship with those ADs. If Patek does this, I am certain, the resales and add-on sales will stop very quickly!! There are many other people who would want to represent Patek and even sell only Patek!
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Hi 👋 All, The Tokyo Exhibition was memorable, enjoyable and meaningful !
By: GLau : June 13th, 2023-15:54
In addition to having fun like a kid in a candy store and bonding with members at GTGs, we had a meaningful conversation with Thierry Stern and Jérôme Pernici (Commercial and Marketing Director). Even with their busy schedule, they took the time to explai...
So cool! Thank you for sharing!
By: kippers.million.0a : June 13th, 2023-16:03
Sad to see those double sealed watched up for auction! This is what genuine collectors really hate seeing! But just curious lol, how did you manage to get hold of the letter that Stern sent to retailers? I tried searching it online but to no avail! Thank ...
Welcome to our forum and enjoy the visit. The letter was
By: GLau : June 13th, 2023-16:13
provided to me by Patek after we had a discussion with Thierry and Jerome. This letter was for distribution to Patek ADs and was not intended for the general public. Jerome understood from us that the collector community was angry with the bad situation a...
The Brand needs a small amount of them to keep the hype going...
By: patrick_y : July 10th, 2023-17:03
It's a balance. The Brand needs a small amount of these speculators to keep the churn going. But not too much that existing clients get annoyed and stop buying out of annoyance. So if you think about it, these speculators are doing an invaluable service f...
Perhaps some more Patek self owned Salons/Maisons ?
By: BigFatPauli : June 28th, 2023-12:43
That's exactly what I mean, yes. I think Patek knows their most major customers very well already. With the number of "application" watches" they already have, they know all the major players anyway.
Yeah... REALLY!
By: India Whiskey Charlie : June 13th, 2023-19:33
Was this some sort of a secret meeting? 😂
Thank you FabR.
By: patrick_y : June 14th, 2023-00:33
Yes, I was surprised that this letter was permitted to be published. Especially since the letter is clearly addressed to dealers within the Patek Philippe network AND the letter also has a SWIFT code and IBAN number on the bottom. Yikes. I wonder if Jerom...
💯💯💯👏👏👏
By: Patekfinity : June 13th, 2023-20:08
Completely agree on contents of the letter…watches are purchased for enjoyment and milestones celebrated, having someone or group purchase all those sealed watches to have it surface at an auction is not only shortsighted but detrimental to collectors. Pa...
lol
By: Weems@8 : June 13th, 2023-20:50
My view on all madness is, when such a Patek Philippe watch is so expensive, there is a lot of very good watches that can you keep for a very long time in a honeymoon. Albeit i do not like it when i never seen or have tried a Patek Philippe watch on my ow...
I appreciate this action by PP
By: TeutonicCarFan : June 13th, 2023-21:00
Enthusiast driven ownership of their pieces leads to deeper roots for the manufactur. Now if they can in crease the power reserve on many of these watches beyond 40ish hours, and get rid of all the pin pushers for the calendars we would be really pleased....
How would we set the watch?
By: patrick_y : June 14th, 2023-12:36
I like your idea for getting rid of the pin pushers. But how would we set the watches? And a strong NO to the permanently set perpetual calendars like IWC has - sometimes those things get something wrong by a day and you can never get it all right again. ...
Well I'm not watchmaker
By: TeutonicCarFan : June 14th, 2023-13:09
But blancpain has underlug corrector, moser I believe all through the crown. I just feel the pushers all over the case don't look the best, but clearly I am minority here. I also think calendar, or any watch, with 35-45h PR is a little weak. VC not much b...
By: hora12reborn : June 24th, 2023-18:30
Mr Oechslin had developped a system to operate the perpetual calendar by the crown for Ulysse Nardin. AP on the new code 11.59 Universelle Ultra Complication has no pin correctors any more .
Thank you for identifying these!
By: patrick_y : June 24th, 2023-18:53
Avoiding the correctors is always a nice detail! Glad to read that you didn't overlook this important detail.
Onto matters more serious...
By: The Wellingtonian : June 14th, 2023-09:51
Even General Schwarzkopf would not have needed to wear two watches if he wore a 5131!! Gordon how come you are wearing a second watch with your WT??😁😁😁 In all seriousness, thank you for sharing this information. It is great to see Patek care for the genui...
Indeed you do!
By: The Wellingtonian : June 16th, 2023-09:13
Two posts in fact! One about your own Shchwarzkopf imitation and the other about TH's "huge piece" you somehow managed to see 😉😉
3940 was a
By: GLau : June 15th, 2023-09:46
good guess but it was something else (a huge piece). Another forum member might be sharing this info via a new post. Let’s wait
Appropriate and to the point;
By: Jakx : June 15th, 2023-00:18
Many thanks for sharing this internal document that speaks of the values of the company. Somehow they are still clinging to the quaint idea that a watch should be worn and enjoyed rather than seen as a trading commodity. I share these values. In my case t...
Ban
By: StanCalatrava : June 15th, 2023-16:33
I really think that an AD that is disloyal to PP directives should be banned - point. No discussion.
Dear Gordon,
By: joenghenry : June 17th, 2023-07:01
Thank you for sharing your wonderful time at Tokyo. It’s extraordinary that you could meet Thierry Stern in person and got his formal response towards all those flipping phenomenons! BTW, your double-wristing of Rousseau lion and 5131P were eye catching 😊...
Hi Henry, yes Thierry Stern told me point blank that he does NOT
By: GLau : June 17th, 2023-08:36
condone ADs selling double-sealed watches. We were so happy to hear this message in person with TS. BTW you have Eagle 🦅 eyes 👀 in spotting my watches !👍 Here are my previously encounters with TS. 😃 ☝️Beijing Maison opening party 2014 ☝️Singapore Grand Ex...
Memorable photos!
By: joenghenry : June 17th, 2023-08:59
Getting to know Patek’s chairman in person does make the brand feel a bit like the “independents”, with sentimental touches 😊
Good start but more MUST be done!
By: cbb in honor of Chamnong Bhirombhakdi : June 19th, 2023-15:14
I know Patek has try to be loyal and keep relationship with their AD but if Patek is to carry on with their “new base” clients who are truly keen about the time pieces and not profit speculation, they do need AD who sees the same way, strictly adhere to P...
👏👏👏
By: Patekfinity : June 19th, 2023-16:18
Well said and I agree that if one is shown as an “example” of what can happen then others will quickly and quietly fall in line. Punishments must be severe enough to be effective…and not just a “warning”. With the high demand on Patek references , I am su...
Fully in the camp of more must be done.
By: eepicc : June 24th, 2023-04:13
In addition to the warning letter, my suggestion is the AD which violated the strict rules of Patek should be put in an probationary period of at least 6 months or 12 months, only to receive minimum number of allocation from Patek. And ensure the AD to pu...
It´s known for years ...
By: small-luxury-world : July 5th, 2023-06:43
... and I am wondering why there is even one more warning for AD´s.
Thanks for this information.
By: Miles_151 : July 5th, 2023-07:51
I am pleased to see Patek take what looks like serious action against this practice. It would be interesting to know if any AD’s have actually been struck off for such behaviour or indeed had their Patek dealership taken off them for any reason. As they s...
Hi Miles, Thierry told us that he was
By: GLau : July 6th, 2023-10:17
very disappointed and unhappy about this situation and hence he wrote a “Stern” warning to all ADs. I am hopeful that this letter will be taken seriously by all !
My humble opinion.
By: Wristenthusiast : July 10th, 2023-00:33
Patek is an admired and distinguished brand. If I were PP I would immediately cut ties with the ADs involved. I would black list the sellers. No more warning, just action. It sends the message that Patek means it. A letter just means you would rather they...
Patek has been revoking many ADs status a bit everywhere
By: pessoa00 : July 14th, 2023-00:01
Particularly in US. I’ve read many complaints from clients of affected ADs as they now need to start from zero to build new relationships with other ADs. Not sure if this action is related to the behaviour discussed here, but if so, even if just partially...