Patek to reduce list?

Dec 23, 2008,20:28 PM
 

Read on another forum that Patek will be reducing list prices from 10 - 12% effective 1 Feb 09 in Hong Kong.  I guess this should apply globally as well?

Inventories are very high with the ADs.

This message has been edited by Dje on 2008-12-25 03:17:47

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Patek to reduce list?

 
 By: rolex20001 : December 23rd, 2008-21:56

I suspect not globally...

 
 By: samwan : December 23rd, 2008-22:31
I understand the reduction is mainly a result of the weak Euro vis-a-vis USD/HKD (the Euro dropped ~15% in the last few months) - collectors are better off buying PPs in Europe, after tax deduction ...

not possible

 
 By: lobo : December 23rd, 2008-23:03

PATEK PRICES

 
 By: VPREGULATOR : December 23rd, 2008-23:11
My AD tells me there will be no reduction in prices.

it is true in HK

 
 By: dayman : December 24th, 2008-01:33
that PP is going to reduce the list price by an average of 12%. The news is put on the front page of the local newspaper! But I do not think that it is a global reduction! Honestly, the stocks in AD is piling up now with the flooding of hot models from Eu... 

And I've got a trip to HK planned for end Feb. [nt]

 
 By: ArthurSG : December 24th, 2008-03:00
No message body

I have just spoken to one of the AD's...................

 
 By: Topcat30093 : December 24th, 2008-03:23
That I deal with here in the UK. And he has confirmed that PP will be INCREASING the prices on average by 15% across the range.

Maybe try changing the U to a H LOL

 
 By: ArthurSG : December 24th, 2008-03:57

One word, three syllables - AR-BI-TRAGE...

 
 By: Gaz : December 24th, 2008-04:02
So much for watches as investments LOL! Gaz

Japan list reduced already

 
 By: porter505 : December 24th, 2008-06:03

if our moderator allows it ...

 
 By: Bruno.M1 : December 24th, 2008-08:26
give us the listprice for those 3 pieces, doing so we can compare them with other countries and see if a decrease would be logical or not. Those are the prices in Europe VAT INCLUDED ! Nautilus chrono 29K 5070P - 58K 5970J - more or less 85K So if some co... 

You're planning to take a plane, Bruno?

 
 By: amanico : December 24th, 2008-08:30

msrp in USD

 
 By: sarasota : December 24th, 2008-12:19

In HKD

 
 By: Sean : December 24th, 2008-15:49

According to H Stern in NYC

 
 By: Clif Watkins : December 24th, 2008-08:32
They have not produced a USD price list in quite a while. If there is one I'd be interested in seeing it. I know UK has a GBP pice list. No published USD price list means they can possibly change list pricing to its dealers on a whim Past hotties like the... 

Many Annuals at Tourneau..

 
 By: ocwatching : December 24th, 2008-09:33

The most recent US price list I've seen

 
 By: aaronm : December 24th, 2008-13:06

What about 5960p? What is the current in Europe/HK? [nt]

 
 By: Mirian : December 24th, 2008-20:15
No message body

5960P in Japan

 
 By: ysknnk : December 24th, 2008-21:29
JPY 7,770,000 (incl.tax)