The Patek Philippe Calatrava Pilot Travel Time is a product of an extremely conservative segment in an extremely conservative industry. Patek Philippe, Audemars Piguet, Vacheron, Jaeger-leCoultre, Piaget, IWC – luxury Swiss and German watches survived the quartz crisis by surviving. By not changing . . .
Swiss watch exports collapsed in April. The number of timepieces shipped from the landlocked country fell 81 percent year-on-year– dropping across all price categories. There was no other possible outcome – factories and dealers were shut, the economy was in free fall and online wasn’t cutting it (despite lotus-eaters’ happy talk). But China’s recent recovery promises a bright future, right?
Why is it nearly impossible to buy a steel sports watch from Rolex, Patek and Audemars Piguet? Quill & Pad (writing that ampersand makes me die inside) offered some excellent insight into steel sports watch scarcity. I’m not going to excerpt it. It’s worth reading in its entirety – at least after you get past GaryG’s wealth braggadocio. Towards the end . . .
When we lastrapped at ya, Jomashop was having a sale and Chrono24 pricing was falling. Since then, the S&P is up five percent, those sweet PPP dollars are flowing and everyone – everyone– is telling us that we’re all fine. So it seems like an opportune time to update our watch prices market index . . .