Patek and the blind worshippers
#1
One thing i do not like about many watch enthusiasts is their blind faith in their favorite brands . And Patek followers are some of the worst you can encounter . It is like a religious fanaticism , that deliberately choses to believe everything that Patek tells them .

Patek are a brand steeped in tradition , and with a reputation in the watch industry that is second to none . They have made some of the greatest mechanical complications , and some of the best finished watches you can buy . So you might ask , whats not to like about them ?
I do not believe they make the best factory finished watches anymore . Lange & Sohne do in my opinion and the man who is regarded as the greatest watch finisher in the world Phillipe Dufour agrees with me . He used to work for patek , and did not leave in bad standing Icon_e_smile
They do not make great complications anymore . Many brands have surpassed them . Indeed it is a long long time ago , they last made anything that made the watch world sit up and take notice . Langs Datograph left Patek with egg on their face .

Their watches have only recently become , what some call true inhouse . For the most of their history , they have used outside suppliers for their calibers , and indeed their case work and bracelets . So when you buy an older Patek it has most likely a JLC caliber in a out of house case Icon_e_smile So what you are really paying for is the finishing of the caliber . Okay this is a simplerfied summing up , but it is closer to the truth than most people think .

The design department at Patek consists of one person , who also cleans the factory in his spare time . Everytime they present a new masterpiece i start to yawn . Looking at these watches is just about as interesting as watching the growth of grass . They do not make one watch that really takes your breath away . I know Patek owners like understatement in their watches . And i suppose if Piccaso painted the same picture one thousand times , they would buy them all . In all fairness they have made one watch , the Nautilus that is recognized instantly as a Patek . Designed by Gerald Genta who also did the AP royal oak amongst others .

One thing this brand does that really sticks in my throat , is their blatent manipulation of the used watch market . They are guilty of buying their own watches at auctions . By buying their own watches at grossly inflated prices , they created the myth of Patek . Forcing the price of their used watches to ridiculous hights . Some might say supply and demand , i say some people like to be fooled . They have got so many watch critics on their payroll , that i have heard rumors that they are building a special factory with a Michelin restaurant in it . These critics worship everything Patek make , without really looking at the bloody watch .

Is buying a Patek a good Investment ? Some say, no watch is a good Investment . It is not that Black and white . If you have a few million lying around , and use it to buy a Patek complication , i am sure you will make a lot of money by just keeping it for a few years before selling it again . Just compair the price of the Eric Clapton Patek when he bought it , with the price it was recently sold for . Patek love it when a famous person buys one of their watches , all that free publicity . They have got the Graves watch coming up for auction soon . I bet it breaks the previous world record , they need to feed the myth .

Are they as exclusive as some people like to think ? The answer to this is a resounding no . There are at this time a few brands who have surpassed them in this department . Do they still have prestige in the eyes of the great watch public ? Of course they do , and will most likely keep it for many years to come . Do they make watches with the best finishing you can buy ? No they do not , and this myth should only exist in the minds of people who know nothing about watches . Would i buy one ? I have owned one . Would i buy one again? No way , i can think of so many better watches for the same money .

Why do i prefere Lange ? They have the dignity that Patek used to have . They are only producing about 5-6000 watches a year compaired to Pateks 45000+ . That makes them more exclusive in my eyes . They are more inventive and their finishing is better . They go about the business of building good watches without trying to manipulate their buyers . I know their are independent Watch makers that compair or even surpass Patek or Lange . But they are not considered to be factory watches .

I read a debate recently that really made me laugh . It was about Pateks policy regarding who is allowed to buy one of their watches . I was amazed , and imagined myself back in the 18 century . The Upstairs downstairs of watchmaking . Rolls Royce used to tell their customers when asked about the horsepower of their engines . That it was sufficiant . I bet they would not try this today . Of course there is demand for Patek watches . And what is left over after they have sold to their friends in the watch trade , must go to someone Icon_e_smile So some genius at Patek thought it would add to the exclusivity , if they started to vet their customers . What a load of codswallop . Of course its one way of making sure you do not see your cleaning lady wearing a Patek Icon_e_smile Unless she goes to a watch auction .

The usual unintelligent answer to anyone who dares to criticise Patek , is this . You are a minority , and 99% of watch people do not agree with you . You will notice that they rarely mention the watches in question . And they firmly believe that the majority are always right in everything . I have got news for them . 99% of watch people are stupid concerning watches in my opinion . They love to believe everything they read in watch brochures and everything the guide tells them when they visit the factorys . I have more respect for people who make their own opinions even when i disagree with them . But it is so easy to recognise a watch pundit who is just repeating the brand doctrine . And these guys may fool many people , but not me
- Jeg er engelsk - bor i Danmark, forstår dansk - men foretrækker at skrive på engelsk Icon_smil
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#2
Ligesom man ikke skal tro på alt hvad man læser i brochure, så må man alligevel tro på meget af det, og så vælge det ur man bedst kan lide og som man mener man har råd til.

For hvis man selektiv bare river ting ud, som der bliver skrevet om et ur, så ved man ikke helt om hvad der er rigtig og forkert, men danner sin egen mening efter ens eget godtbefindende.

Rolex har også engang købt, mindst 1 af deres egne super Rolex dykkerure på auktion. Men enten var det Patek eller Rolex, der opgav engang at købe et ur, da en rigmand overbød dem.

Mht til rige, så er det nok mest sjælen at de køber super dyre ure. De har ikke brug for den slags opmærksomhed.
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#3
Hej Willy

Jeg har ikke noget grundlag for at betvivle det, du siger; men uanset hvad er det jo et faktum, at Patek har et marked, hvor prisen holdes højt. De mennesker, der køber et Patek, vil uanset hvad have mange penge til rådighed, og næsten alle med mange penge til rådighed har det jo bl.a. fordi de tænker investering i stedet for forbrug. Jeg tror, det er de færreste, der køber et Patek, som tænker rent forbrug og derfor er ligeglade med, om det kan sælges igen. Om det hele er baseret på myter og manglende forståelse for horologi er vel derfor underordnet (altså for den typiske køber). Hvor Patek udgør en minimal del af det totale marked for armbåndsure, er det tilsvarende formentlig også en ganske lille del af Patek-ejerne, der er egentlige horologiske nørder. Prisen på en vare er jo 100% afhængig af, hvad køber og sælger bliver enige om, og er derfor uafhængig af, hvad den reelle kostpris er eller hvad det reelle indhold i varen er.

Hvis hovedsigten med dit indlæg er at fortælle den flok rigtige nørder, som læser med her, at vi skal overveje det en gang til inden vi køber et Patek, så er dit indlæg ganske givet helt på sin plads. Det er præcis sådanne indlæg, der kan sætte en nørdet debat igang. Hvis hovedsigten med dit indlæg er at få hovedparten af Patek købere til at overveje noget andet, så tror jeg, du taler for døve øren (hvis det overhovedet bliver læst). Jeg tror, den typiske Patek køber har et filter, der gør at kritisk information slet ikke bliver opfattet. Det er vel også det, du siger mellem linierne!

Et rigtig godt eksempel på det med prissætning kontra "reelt indhold" har vi vel i Peters (pbr's) historie om sin hellige gral - den røde sub - som han kun beholdt i nogle måneder, fordi han indså at prisen var helt ude af trit med værdien. Og det er da en lærerig historie, både om os nørder, og om prisdannelse, der som nævnt afhænger af, hvad køber og sælger finder ud af.

/Bjørn.
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#4
Very good answer bjørne . And i agree with it all . I will never dispute the facts about Patek you mention . Once a brand has built the myth , it is very hard to break it down . I am just trying to put a question mark on the blind devotion these so called watch experts show us again and again .

IWC is my favorite brand , but they have been making such a load of rubbish of late . I just cannot remember when i last heard a Patek disciple criticise one of their watches . Maybe they are just perfect , like Rolex <!-- s:lol: --><img src="{SMILIES_PATH}/icon_lol.gif" alt=":lol:" title="Laughing" /><!-- s:lol: --> <!-- s:lol: --><img src="{SMILIES_PATH}/icon_lol.gif" alt=":lol:" title="Laughing" /><!-- s:lol: --> <!-- s:lol: --><img src="{SMILIES_PATH}/icon_lol.gif" alt=":lol:" title="Laughing" /><!-- s:lol: -->
- Jeg er engelsk - bor i Danmark, forstår dansk - men foretrækker at skrive på engelsk Icon_smil
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