PATEK PHILIPPE NAUTILUS: RETAIL PRICE INCREASE 2023 FEBURARY
Just as Rolex has ushered in the new year with a retail price increase, Patek Phillipe has ushered in the Chinese New Year with a retail price increase on the 1st Feb 2023. All watch prices are compared with the retail price after the increase of 8% GST.
First, we will be covering the Nautilus range, the increase ranges from 0 to 4.92%. The biggest increases are the gold models with the alligator straps i.e., the 5712R/G, 5980R & 7010R; well above 4%. The lowest being the 2022 new releases i.e., the 5712/1R, 5811/1G, etc, the increase ranges from 0 to 0.09%.
Overall, we could see that just like Rolex, the increase is not a giant price increase we’ve seen last year of 8 to 10%, could this be a realistic view of the current market now?
Stay tuned to where we will cover the Aquanaut line next.