Price increase 1st September

[Xtralarg]

Originally Posted by padi56

Agree but whether anyone can believe a guy called Paul Thorpe as in general he cannot lie in bed straight.

Agreed. Thorpe is a proper con man if ever there was one.

[HAL330]

well, come Sept 1 we'll know if Thorpe is a fraud... or someone to tune into..

I'm keeping an open mind.... a concept lost on many.

[ebis]

My SA informed me that prices will go up on Sept 1 as well. I thought this was a country specific correction (JP), but maybe not. I was heavily urged to come to the store before then.

[HAL330]

Originally Posted by ebis

..... I was heavily urged to come to the store before then.

And buy what? they have stuff in stock?


Seems some AD's are more honest than others ... as quite a few have had it conformed while others have been stonewalled.

[fskywalker]

Can’t care less because…..




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[mobster600]

I would never believe anything Paul Thorpe says. His guess is as good as anyones here.

[rolekyounouta]

7% incease in JAPAN on 1st September

[Nairn1980]

Originally Posted by omar-rye

Just called my local AD and the SA I usually deal with wasn’t there. The SA who picked up is a straight forward British man and he said something like this “this is the first I hear about it. We (AD’s) will know on the same day, with the rest of the world, but I wouldn’t believe it. It doesn’t matter regardless because we don’t have watches to sell anyways”

That’s untrue. ADs know several days in advance for admin purposes

[Binky1]

Originally Posted by mikel

Ullo, watch peeple,

Liddle bird has told me there's going to be pwice rise.

I could be right and I could be wrong.

But youse heard it 'ere first.

Paul 4orp

[RogerOP]

Originally Posted by mobster600

I would never believe anything Paul Thorpe says. His guess is as good as anyones here.

Again this is literal nonsense, as thing he’s said only in the last few months are correct.

[milgauss2232]

Is anything he claims about AD practices even remotely true? Sounds pretty far fetched.

[Harry-57]

Originally Posted by omar-rye

Just called my local AD and the SA I usually deal with wasn’t there. The SA who picked up is a straight forward British man and he said something like this “this is the first I hear about it. We (AD’s) will know on the same day, with the rest of the world, but I wouldn’t believe it. It doesn’t matter regardless because we don’t have watches to sell anyways”

Someone is keeping the SA out of the loop. My AD's SAs know at least a month in advance, two and a half months on one occasion. For all I know they have even more advanced notice than that.

Not knowing until the same day means nobody is telling him for some reason and he isn't seeing all the preparation that needs to happen prior too opening on the day of the new pricing. Odd.

[AEV]

I was at my AD on Friday.
It carries both Patek and Rolex.
For Patek the SA said the increase will be 8%, the highest they have seen.
He did not mention anything about Rolex.

[Hollie_Rollie]

I love a good price increase. There’s nothing like price increases, dying hype, and a recession all at once


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[Vivalas]

Originally Posted by RogerOP

Again this is literal nonsense, as thing he’s said only in the last few months are correct.

Just from what I’ve read on this forum, most of what he announces is weeks after it’s public knowledge anyway - not hard to get that right.

I’m surprised he’s not waited until September 2nd to update everyone about a September 1st price increase

[DoricSpiker]

I have heard that Omega are putting everything up 13% in the UK from 1st Sept. Ouch!

[Mini2]

Originally Posted by doricspiker

i have heard that omega are putting everything up 13% in the uk from 1st sept. Ouch!

crazy

[beshannon]

So are we back to normal yet?

[samuel019]

Originally Posted by Hollie_Rollie

I love a good price increase. There’s nothing like price increases, dying hype, and a recession all at once


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I'm reminded of the Ed Sheeran interview on Hodinkee where they talk about PP and how the Tiffany Nautilus doubled in price etc etc. Patek makes and sells watch for X then they see the secondary market prices. So why not go up in prices etc etc

Personally I agree with Hollie_Rollie. Timing is suspect IMO but whatev's. Not like I'm expecting any call to come in

[opaline460]

What diff does it make?

[amh]

Originally Posted by samuel019

I'm reminded of the Ed Sheeran interview on Hodinkee where they talk about PP and how the Tiffany Nautilus doubled in price etc etc. Patek makes and sells watch for X then they see the secondary market prices. So why not go up in prices etc etc

Personally I agree with Hollie_Rollie. Timing is suspect IMO but whatev's. Not like I'm expecting any call to come in

In the end MSRP doesn't mean much
- In the "good old days" we expected a 10% discount from the AD, 15-20% discount from a Grey
- During the Hype period street price was 2-3x MSRP

Thus if the world economies get a whole lot worse we could expect deep discounts due to crashing demand. Rolex may not suffer that much but ADs/Greys will.

[HAL330]

Originally Posted by opaline460

What diff does it make?

makes a huge one to Rolex's, and PP's (and others) bottom line...


Rolex has been leaving literally millions of dollars on the table for Gray dealers and Flipeprs to pocket due to under pricing their watches.

[yachty 1]

Was the Submariner always 10100 this year? I bought mine in 2021 and I think it was 9150.

[bluestreak]

Originally Posted by yachty 1

Was the Submariner always 10100 this year? I bought mine in 2021 and I think it was 9150.

Price increased on Jan 1, 2022

[MSL]

If there is a MSRP increase will grey prices go up accordingly?

[Roger Lococco]

Originally Posted by MSL

If there is a MSRP increase will grey prices go up accordingly?

I think the Greys are going to get squeezed on some models that have been outperforming traditional norms.


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[beshannon]

Originally Posted by MSL

If there is a MSRP increase will grey prices go up accordingly?

Yes. Isn't it great!

[samuel019]

Originally Posted by amh

In the end MSRP doesn't mean much
- In the "good old days" we expected a 10% discount from the AD, 15-20% discount from a Grey
- During the Hype period street price was 2-3x MSRP

Thus if the world economies get a whole lot worse we could expect deep discounts due to crashing demand. Rolex may not suffer that much but ADs/Greys will.

Well I was buying in those 'good ol days". Think I even have some receipts showing discounts but anyway. I tend to think we share some of the sentiments with A D's and Greys etc etc but MSRP is everything IMO.

Higher MSRP's will have an impact on Grey pricing. They pay more. Charge more. Or at least they will give it a try

Then from an A D standpoint after the last 4-6 years we will never ever see discounts ever again. Rolex A D's will continue to perpetuate demand is crazy and as high as ever no matter what's going on outside there building. Unemployment, recession, etc can be at all time highs but call your A D and you will still hear "yeah the list is a mile long" yada yada.

[samuel019]

Originally Posted by fskywalker

Can’t care less because…..




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Best reply in the entire thread

Sadly I'm in the same boat

[jsobral]

Seems that a Patek 8% increase is scheduled for september 1st as well.