Swiss Francs soars!!

[rx7effini]

Patek Philippe is dropping their prices.

Bro, how True is your Statement Above 😝

[parchiao]

Here it is.

http://www.bloomberg.com/news/articl...ices-in-europe

[Iceheller]

Whether Swiss franc up / down. Swiss watch companys usually adjust their price upward during SIHH/BASELWORLD period. The thumb of rule in buying is buy now and dun wait... But laterly Tag is make good looking auto watch under $3k. Guess other might follow suit to intro affordable entry luxuary watch to gain more market share.

[schewct87]

Good for those who bought Rolex before the Swiss Franc soar and back for those who are buying later =D

[lalaboh]

so much movements in the watch industries lately.. swiss francs,patek price changes and then there are brand repositioning like Tag Heuer

[parchiao]

It was a great reason to buy a new watch.

[parchiao]

especially for patek buyers, they just lost 3 to 15% on their purchase overnight, all thanks to the price slashing this week by patek co.

say they buy a 5711 from gray dealer at $33k 3 weeks ago, turns out it is now only $30k at the local ADs before discount (and probably even cheaper if buy from gray dealers now)

at least $3k loss over just 3 weeks

I think those people will not care too much if the price drops a little, owning the watch is far more important. Considering that we have a similar situation with cars, we are also exposed to such price fluctuations. Moreover, it is not like as if many people will buy their watches from local ADs. Our bargain seeking kiasu locals will simply buy them at far lower prices in other countries when they are on their regular holidays.

[Iceheller]

Brather Brather Brather, ppl dun buy PP just to sell over night. They keep for their next generation! Hahaha. So short term drop not going to affect them at all. Or even other Swiss watch brand. Just recall 2007-2009 also not much price hike.. And all those big Swiss company just stop making those complicated watch like MR, tourbillon, PC and etc but focus back on simple watch that ppl will be willing to pay. This may be just another episode from the past. Ppl should be more worry if smartwatch would start the craze like in the 60s-80s Swiss watch quartz crisis where many mechanical watch companies go burst... By them a lot of us here would really bang our head as not only the watch become priceless but we also find it hard to repair it if something happen.

[Iceheller]

Dun need to take the pp commercial lah, it was jus used so as to get the message across that most ppl dun flip watches like some ppl here. You should check out PP international auction record. Pp one of the strongest independent brand around with Rolex. They most likely cut their price to attract more buyer lah. If not we can away wait to see if their popularity drop just because they reduce their price. By the way, almost all watch have discount ( ranging from 20-30% of MSRP in the pass and now most limit to 20% and less ). So it just different ball game they play now. Some time reading much and dun analyses also a problem with the connected world...

[Iceheller]

And by the way, if any ppl really dun like PP jus because they slash price and make owner lose money or got other personal reason. Then hell yeah with PP. PP suck! Hehehe

[Iceheller]

thats correct, you should analysis more to stay connected

Yes sir! I am wrong. And just for u to make your night bright, PP suck! But I still analyze that it popularity will continue to soar...

[Iceheller]

Although I think pp popularity will still soar, but make other happy and continue good discuss is better. We must agree to disagree sometime. Glad that ppl are happy. And just for one more time. PP suck! Hahaha

[nkotb]

any increase in prices for 2nd hand market?

[sleepyman]

patek 2nd hand market seem to have dropped in interest

Prices seem to be SOARING bro....

Just saw a DSSD fly off at $12,500 in this forum!

[satch]

patek 2nd hand market seem to have dropped in interest

Guess ppl wait and see.