How to buy Patek Philippe steel Nautilus watches after the price reduction?

    The editor learned that the Swiss watchmaking brandPatek PhilippeFollowing two price adjustments in 2015 (a price cut in 3, with a slight correction in 9), the prices of the brand's watches have decreased significantly compared to before the adjustments in 2015, with some models seeing price cuts of over 15%. Neither of the classic stainless steel Nautilus models, 5711 and 5712, are currently in stock, and a deposit is required with a waiting period for delivery.

Patek Philippe Nautilus Series 5711/1A-010 Watch

Current Retail Price: Y 187100
Previous Retail Price: Y 222700
Price Difference: Y 35600
In Stock: No, order required
Watch Model: 5711/1A-010
Case material: Stainless steel
Watch Movement: Cal.324 S C automatic movement

        Following the significant appreciation of the Swiss franc at the beginning of last year, major Swiss groups and brands implemented various measures, including price increases in the Eurozone market and price reductions in Asia, particularly in China and Hong Kong. Patek Philippe adopted a price adjustment strategy relatively early, reducing prices in both Hong Kong and China in month 3 of 2015. The retail price of the 5711/1A at the time was reduced to 185900 Hong Kong dollars. Before the price reduction, the official domestic price of the 5711/1A watch was 222700 Renminbi. After the price reduction and the adjustment in month 9, the current official price of this watch is 187100 Renminbi, further stimulating the market after the stagnation of 2015. Due to the price decrease and the fact that the watch is a classic entry-level model, there is currently no stock available at either the Beijing or Shanghai Patek Philippe Maisons, and orders require a waiting period of 1-3 months.

Patek Philippe Nautilus Series 5712/1A-001 Watch

Current Retail Price: Y 250300
Previous Retail Price: Y 297900
Price Difference: Y 47600
In Stock: No, order required
Watch Model: 5712/1A-001
Case material: Stainless steel
Watch Movement: Cal.240 PS IRM C LU automatic movement

        Also out of stock is this Nautilus moon phase watch, which is another exceptionally popular model within the Patek Philippe Nautilus line. Following last year's price adjustment, the current retail price of this watch is 250300 RMB, representing a price difference of over 15% compared to the original retail price. It is understood that stainless steel Nautilus watches are rarely in stock and generally require a pre-order to acquire. Following the price adjustments, retail prices in Hong Kong and mainland China have achieved parity when excluding currency factors; however, due to exchange rates, there remains a price difference of around 5 ten thousand RMB between the two regions.

Conclusion:Following the price adjustments in 2015, the price cuts for Patek Philippe watches have been quite substantial. Given the dual pressures of the appreciation of the Swiss franc and the depreciation of the renminbi, prices theoretically could have been raised; however, the unfavourable market conditions and the relatively high price increases seen almost every year prior meant that further price hikes were unviable, making price reductions much more urgent. Furthermore, it is somewhat puzzling that if pre-orders require a deposit, policies should at least be consistent domestically; yet the Patek Philippe Maison in Qianmen, Beijing requires a deposit proportion of 10% of the retail price, whereas the Shanghai branch sets the proportion at 25% and explicitly states that the deposit cannot be 10% of the retail price. Interested parties are welcome to call the Beijing or Shanghai Patek Philippe Maisons for enquiries, and details regarding the Maisons can be found via the link: http://shop.xbiao.com/patek/。