Service Charge of a Swiss Prestige Watch

This watch Company was established in 1839,

They produce now about 45,000 watches a year.

Entry level is HK$84,000  for a lady model up to $2.7M as on the price book… special model is not listed here.

This is the Service Charge for their watch:

Battery Change $1,000

Standard maintenance fee for Quartz watch $4,550

Standard maintenance fee for manual wind watch $5,800

Standard maintenance fee for automatic watch $6,650

Primary complicated Watch Maintenance fee $8,750

Secondary Complicated Watch maintenance fee $12,500

Triple Complication watch maintenance fee $ TBA

Watch over 20 years of usage maintenance fee $ TBA

Inspection fee $1,000

Archive check on watch $900

Some of the complication watch may have to be serviced in Switzerland $TBA

Polishing case (all model) $1,000

Polishing Case and Bracelet (all model) $2,000

Nautilus Case $1,400

Nautilus and Bracelet $2,800

The Above price is in HK Dollar, purely for your refernece only, exact price will be quoted by Patek Philippe

Service Duration 2 months to 1 year.

HK Snob

Don't Miss the boat!

 Patek Philippe Ref 5711-1A

Many people were surprise about 20% price reduction for a Swiss prestige watch company wasn’t common in the past.

Base on what we know that PP isn’t that insane, well, knowing that HK is one of the World largest hub for PP official and grey dealers. There is an estimated HKD$490M worth PP Stock., assuming an average price of HKD$200,000  that may have a number of 2,450 watches…it is a lot as PP produces thousands of watches a year.

So treat this as a Special Offer from PP, if you want to buy a PP, it is a great opportunity to buy Now!

For your reference, PP will have such a price adjustment on the following countries:

Switzerland Decrease by 5%

EUR Countries Increase by 7%

Great Britain unchanged

Asia-Pacific decrease by 3%

Hong Kong decrease by 7%

Japan increase by 5%

Americas  decreased by 7%

And I think PP is using this to Clear off the existing stock of the grey dealers, makes them unsalable, offset their profit margin to zero or even negative percentage.

90% of HK grey dealer PP is from Europe, 7% price of increase will block the grey dealer watch import from some of these countries like Italy, or at least reduce their profitable margin. 

We don't feel surprise that PP will likely increase big percentage the price sometime later or on June 1 2015!

Let’s Watch out.

In NYC

NYC Biochemistry PhD student bought with USD$26,000 (HKD$202,020) at PP AD.

In HK

If a PP 5711-1A was HK$220,000  before 10 Feb, the new price is HK$ 172,800 now.

HK Snob

Shocking News, Patek Philippe Reduces Price by 20 Percents effective Today!

Effective immediately, Patek Philippe reduces Price of all old models 20%.

Whereas they reduce 7% to 8 % on all 2013 and 2014 models.

This is a shock to me as Patek Philippe should not go that far for 20% price reduction.


HK Snob

After Panerai, Patek Philippe will likely reduce the price tomorrow

After Japan had increased the price of Rolex 4% to 10%.

Audemars Piguet increased some HK$ 6,000 on model like 15202ST , follow by Germany with adjustment of 7% on 1st Feb,.

Panerai reduces all model by 5%.

There is rumour that The prestige line of Swiss most renowned brand of watch Patek Philippe will reduce their watch price by a few percents on 10 Feb. Let's see if that is true and how much.

I heard that UK will increase price of Rolex on 1st June.

So we can tell that Market of luxury watch is slow. we don't know when Patek Philippe price will be increased?


HK Snob
Watch Fever

Three Iconic Stainless Steel watches with Blue Dial that you may need to wait for months

What kind of watch that you may not able to buy even you have money!?

Well, these are three of them:

Patek Philippe Nautilius Ref 5711-1A Blue Dial or grey dial.

It has been discontinued,  I should say super rare though is still in the PP price book with List price HKD$220,000 as of today.

Someone who waits 8 months and 3 years in Hong Kong and New York respectively. 

Audemars Piguet Ref 15202ST Blue Dial 39mm 1972 Drop logo "AP" Retro.

The Logo AP is situated at 6' oclock position
List price $178,000

Ademars Piguet Ref 15400 ST Blue Dial 41mm
List Price $140,000

Each of them carry a story and I believe most of the watch collectors may have at least one or more than one fo the above watches.


HK Snob

Swatch Fever is Back

This is Tresor Magique, which means MagicTreasure.

I have been collecting Swatch since 1990 to 1993.
Hocus Pocus, Golden Globe, Gold Jelly, People, of course, I did not have Puff nor Kiki Picasso....

Recently, I saw someone' s collection, I feel like
"back to future"!

These are some of his collections.

The Tresor Magique is Platinum watch, first time for Swatch to use such precious metal on their watch.


HK Snob

WFC HI TEA TODAY 6 FEB 2015

We have nice gathering  today, these are the watches we have:

Rolex Seadweller Ref 116600
(watch for low profile business practitioner)

Rolex Date Just II Ref 116333 two tone.
(watch for young and stylistic)

Cartier Crash 18KT white gold with Diamond
(for die hard fan of Cartier, and celebrity)

Cartier Crash 18KT in yellow gold. (ditto)

Rolex Daytona Ref 116509 18KT white Gold.
(for those who can appreciate the essence of what Real Rolex stuff is)

Rolex Ref 17014 Oyster Ouartz in steel,
(for those who knows oysterquartz)

Roger Dubuis Much More
(for those who always forget what date is today like I)

Thanks to you all, it made me drooling this whole afternoon.

HK Watch Fever
HK Snob

Some Rolex Watches are Available for sales

Rolex Parallel (Cash)
Deepsea D-blue Ref 116660 $90...
GMT Master II Blue Black Ref 116710BLNR $ 66...
Daytona White Ref 116520 $90...

 
Rolex Official (Card)
Daytona Black Ref 115620 black $98...

HK watch Fever

Official Rolex Daytona black and Submariner Hulk is available now

It was.....

Rolex Daytona Black Ref 116520  $98...

Submariner Hulk Ref 116610LV $68...

Limited supply is available now.

HK Snob

Audemars Piguet Royal Oak, Patek Philippe Nautilus,or IWC Ingenieur SL

Patek Philippe Nautilus

IWC Ingenieur SL

Audemars Piguet Royal Oak Platina Dial



In the 1970s, this gentleman designed four of my or your favorite integrated bracelet watches which include the Patek Philippe Nautilus, Audemars Piguet Royal Oak, and IWC Ingenieur SL.

All three watches have become highly collectible and continue to rise in value due to their rarity and timeless design. The Nautilus and Royal Oak are still produced today but the earlier design of the 1970s are very expensive.

The IWC Ingenieur SL has been discontinued...

He was one of the most important watch designers of the 20th century. He was born in Geneva, Switzerland in 1931 and started his career at the age of 20 working with Universal Geneve. He was one of the first watch designers behind the scenes that he was well known, and he eventually made his own watches and created his own brand.

He contributed to designs for many watch brands besides the above mentioned Big Four.

Cartier, Omega, Breguet, Chaumet, Bulgari, and many others.

He designed all the wristwatches for Audemars Piquet from 1953 up to the Royal Oak in 70s and the company. Now Audemars Piguet is likely one of the most prestige watch companies in Switzerland.

He redesigned the Omega Constellation for Omega in the 1960s and collaborated with Cartier in the design of the Pasha in 1997.

He had very important clients including professional athletes, rappers, movie stars, lawyers, politician and royal families.

He is a name that we should think of when you look at your Audemars Piguet Royal Oak Jumbo or Patek Philippe Nautilus…

As a Watch Fanatic, or Watch Fever I call myself, I have to pay Tribute to this Colossal of Watch Designer of the 20th century.  “Gerald Genta”!

Gerald Genta 1 May 1931 to 17 Aug 2011 (Age 80)

PS

Except IWC, all the other two watches has no second hand, a typical Minimunist's design.

Which One you like most!?


HK Snob
HK Watch Fever

Watch Fever Club HI TEA 31 Jan 2015

There were lot of fun for such gathering to share watch collection experience.
Exchange of some of the buying tips on watches, know how on buying and selling watches.
One could learn a lot from each of us.

Like wine tasting, there were is no fun at all to drink alone home!
This is limited Sinn 250 pieces with Titanium case.

Kowloon Watch Company watch that its watch owner bought it with HK$25 in 60s'.

Limited 175 pieces Audemars Piguet Wempe Royal Oak Offshore.

Tudor Heritage Black Bay, the workhorse of a Muay Thai Boxer.

HK Snob
Watch Fever Club

Recent Price War of Watches in Hong Kong

After Japan Rolex prices soared up 4% to 10% January, there is Rumour that Germany will increase price in Feburay.
Parallel watch importers are flying to Germany to snap all popular models back HK in the past two weeks.


After 15 Jan., most of the Hot items are not able to be found in Rolex AD and hands of the parallet watch dealer, likely this is purely business decision to keep the Watches for the Rolex official Price Adjustment in Febuary. Who does not want higher profit waiting for two weeks!?



So if you want to buy Rolex sport model you might have to look for a few more shops.

That is a bit surprise that Panerai had reduced price of ALL their model by 5% last week.

That is a Marketing decision, I think Panerai shouldn't reduce price as people dislike price reduction of luxuary watches.

In January, AP has already increase watch price by HKD$6,000 for all steel model such as 15400ST.

Patek Philippe had no changes of price as of this moment, may be after Chinese new years?

Lastest news that report by good freind who is now in Germany, Rolex has increased 7% on Rolex in Germany stariting 1 Feb 2015.

And It might be wise if you want to buy your favourite watch, got to be make a decision and got to be fast.

HK Snob

七十年代精工GS

這是六十年代的經典。

日本精工精湛技術打造的手錶數次在日內瓦比賽中切底的打底瑞士機惢。

日本內銷的產品，當年只有富貴人才用得起的東西……

什麼咖科?精工GS.
GS即Grand Seiko.

美國大公司送給服務30年以上的都是金撈。
日本大機構是用精工GS.

28,800擺频……每天精準度在3秒已內.

今天只要用六千元你就能買到……包括全新魔鬼鱼錶帶。

HK Snob

These are the Watches that we can get for you at Discount!

These are hot Rolex that most people snap whenever price is going to increase.

After Japan price adustment 4% to 10% in January.

We heard that HK, Singapore and Germany will follow  with a price adjustment.

If you want to buy these watches at discount before the price changes,  contact us

HK Snob

A Brand New Watch now you can Pre-order at A Super Discount, the Plug & Feather Stone Watch!

Plug & Feather is a brand new watch brand - they make watches made from stones that they have sourced from around the world.  

They recently had a blowout Kickstarter campaign, doubled their target and are in the TOP 10 All-Time Watch Projects on Kickstarter

https://www.kickstarter.com/projects/900522017/plug-and-feather-stone-face-watches

Now that the Kickstarter is over we are in the "pre-order" phase until March 2015 and are offering our watches at 50% off the regular retail price of $300.  Find them at 

www.plugandfeather.com

Hong Kong Watch Fever is a selected partner with them offering a special deal to all my audience! 

The deal would be a customized discount code for you on you for an ADDITIONAL 10% off the $150 pre-order price (already 50% off MSRP). 

They are also set-up a free watch give-away where they will give away one free watch to any of you who sign up for the mailing list.

The coupon code for you  is- DEAL15.

You just need to fill this code in the "COUPON" while filling their order. They will get 10-15 % (on top of the 50% discount on MSRP)

In all my past articles, everyone knows me that I am crazy about all special gem, stone dial on Rolex, such as Onyx, Maglite, marble, Meteorite etc.

This is a similar approach using stone making a unique watch for you, and they look great!

HK Snob

Cartier Baignoire on sale

Cartier Baignoire 18KT Rose gold watch.
Three new crocodile strap
90% new full set un-dated.
HK $33,000

HK Snob