riverside / Henry
284
I think a Patek Phillipe Calatrava has
Sep 01, 2023,03:44 AM
increased prices by a higher percentage than that of a reverso (or master control) in a similar period of time.
Let the invisible hand of Milton Friedman work.
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WOW, JLC's prices are just flat out scaring me away.
By: Thomas_3 : August 31st, 2023-16:41
Was on the website looking at the new Polaris and came across the 300 meter Memovox diving watch, $20,600 USD. I'll keep my Submariner and call it good. Even the stainless steel Master Ultra Thin with date is creeping up on $10,000. Maybe it is a case of ...
Ouch! But let's say an FPJ Elegante is around $15K.
By: patrick_y : August 31st, 2023-19:44
Shouldn't the JLC be right around half of the FPJ Elegante? So in an analysis with the market, it's not too far off. But if you ask me it's all gone crazy. I still think the Submariner at $10K USD plus tax is too much.
Really depends...
By: patrick_y : August 31st, 2023-19:59
Some people only buy things because they're expensive. I've got a friend who buys beautiful things but has no true understanding of why Patek Philippe is considered a top brand. Sure, he'll tell you that they're complex, take a lot of labor-hours and time...
A little defense for JLC...
By: patrick_y : August 31st, 2023-19:42
JLC has had relatively modest price increases for the many years prior to this though. Price adjustments are largely based on consumer demand. In prior years, consumption and production were equal, thus JLC couldn't raise prices. But in more recent years,...
I hadn't considered this before.
By: andrea~ : August 31st, 2023-21:12
I only criticize this move because I love the brand. It does feel alienating to customers when such a price hike occurs, but I can understand your point. They still make really good watches and the new polaris looks great.
I wholeheartedly agree!
By: patrick_y : August 31st, 2023-21:45
Overall, I feel JLC's price increases are way to steep on some models. But also looking back, their price increases have been much smaller than the rest of the industry the past several years due to the brand's popularity. It's also highly possible that J...
The point about India is clever.
By: andrea~ : August 31st, 2023-22:54
We will probably see a big rise in the popularity of watches among indians, exactly what happened with China. I hope JLC will be able to improve its product line in order to really take advantage of this new market.
India will probably progress slower than China...
By: patrick_y : September 1st, 2023-06:21
India will almost definitely progress slower than China. China grew so fast because of its one-party system. India has several political parties in power. Today, China's "middle class or higher" (by Western standards) population is around 300 million peop...
😆
By: Gelato Monster : September 1st, 2023-01:57
;)
By: amanico : September 1st, 2023-05:02
Pricing Analysis
By: Koozy : August 31st, 2023-18:07
Whilst I agree that the price increases make adding any further JLCs unappealing to me, I assume that they must do a huge amount of analysis on price elasticity of demand such that they must forecast a net benefit to revenues and income. Nonetheless, stra...
A potential customer
By: Weems@8 : August 31st, 2023-19:53
I could be a potential customer. Yes, JLC prices are too high for me. As i watch their line up, there are some models that i like, but i am missing the factor that can tear me over the line. The factor that hugs me is modernism, sporty flair, water and di...
Exactly.
By: blau : September 1st, 2023-12:01
Their offerings these days are so much less exciting and innovative than they were when I first became interested in JLC. The complaint isn't merely that prices are rising: it's that their offerings are stagnating *while* the prices rise. Like you, it isn...
Watch journey
By: Weems@8 : September 1st, 2023-17:41
My watch journey in a glance. Watches and brands, you can discover them all when the journey starts. Internet, shops, advertorials, meet people with watches on wrists, etc. JLC came up rare. I heard of the brand. Mostly Rolex that is called, showed, and i...
+1
By: halkcb : September 1st, 2023-01:49
Maybe the material increase in quality
By: Weems@8 : August 31st, 2023-19:43
With making it all better, costs can rise. Personal salary upgrade? What i do not understand is why it is excepted when PP increase prices, and when a tru horologist like JLC do it, complains come. JLC test their watches 1000 hours before they go on sale,...
good point
By: j.jota : September 1st, 2023-02:10
everyone has their bias, I guess
The free market at work!
By: Henke : September 1st, 2023-02:42
If it's now $3000 more expensive to buy a Rolex, then that gives JLC $3000 worth of room to move market before the same buyer will consider a Rolex over a JLC again. Nothing to do with the actual quality of the product, or how much it costs to make.
I think a Patek Phillipe Calatrava has
By: riverside / Henry : September 1st, 2023-03:44
increased prices by a higher percentage than that of a reverso (or master control) in a similar period of time. Let the invisible hand of Milton Friedman work.