PATEK PHILIPPE: RETAIL PRICE INCREASE 2024 FEBRUARY (NAUTILUS & AQUANAUT)
Patek Philippe, true to their tradition, has welcomed the new year by implementing a retail price increase for 2024 in the month of February. This post will delve into the details of the Nautilus and Aquanaut price adjustments. It’s important to note that the prices mentioned here already account for the 1% increase in GST that took effect in January 2024.
For the Nautilus, the increase ranges from 8.04% to 8.62%, while the Aquanaut experiences a percentage rise of 7.96% to 8.59%. This substantial increase contrasts sharply with the modest average 5% rise observed last year. Given that Patek Philippe’s base retail prices are already high, this aggressive approach seems aimed at bolstering the market. Notably, both Rolex and Patek Philippe have opted for larger increases compared to 2023.
How do you think this will affect the secondary prices? Stay tuned for our next post, where we will explore the unexpected discontinuation of certain Patek Phillippe models.
Explore more at Patek Philippe website.