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Patek's control in HK

November 22 2006 at 9:33 PM
bigmin  (Login djemi)
PP Discussion Group

Response to Is this a normal business practice done by Patek in Asia?

The HongKong market is well regulated directly by Patek office.Hence most AD in HK do not charge a premium for hard to get pieces or offer big discount for less movable items.Its still possible to walk in and buy some popular semi complicated watches in HongKong.
Patek know its in their long term interest to enable as many new or walk in customers to have the chance to buy some of the more popular watches.Hence to put some control on the "investment/filpping" type of collectors.
Just compare the MRSP + premium prices in Singapore where its not supervised directly by Patek but by their agent,for the Nautilus & complicated series with HongKong's.
Its also in your interest to have your name submitted.This is how maybe one day with enough points accumulated you would get the invitation from Mr.Stern to the nautilus etc new launches or new Patek Salon,and get to buy really limited wathces.

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