My name is Jasem I work in finance and my passion happens to be cigars, cars and beautiful watches.
Ever since I was young, I always remember wanting a watch but for me a swatch just would not cut it. At age 16 my mother got me my first watch which was a Tag Heuer, after it was an obsession that I never knew how to stop. I went on to add an Omega Seamaster and a Brietling Navitimer to my collection by saving my daily school allowance. The passion grew from then onto Rolex, then Hublot, Richard Mille, Audemars and finally Patek Philippe.
I must admit at first I was mesmerized by the strength the brand carried, there was an aura to it that I couldn’t put my fingers on. When I got into Patek, which wasn’t long ago, people even at that point have never heard of the brand. Yet those who did, were the successful, established and they had a taste far from the mainstream one. However, once I got into the brand deep and started a buying I understood that with Patek, creation is linked to emotion and not to news hype. Hence you don’t see ceramic cases or carbon ones, that’s not to say they are not amazing feats of engineering and creativity however the quest for greatness comes first from passion and second from an artistic point of view which I love. Also, with Patek, as much as we have criticized some models they will eventually grow onto you, as the brand pushes its limits on design and creativity the typical first reaction is a harsh one, but then on after it becomes a love at second sight if you will.
Tough, I have a few. I love 5070’s, I love 1463’s, I love 1579’s and 1518’s, I adore 3488’s and 5004’s, with my taste I’m all over the place, however I noticed that I tend to be in love with Patek Chronograph’s, why is a tough question, I can go on for hours. Let’s just say their beauty, case design, dials and if there is an open case back, the movement speak for itself.
I don’t think they are, I think they are conservative, they will eventually get there. They all do.
Yes, print media is dying and you can claim that it’s already dead. As much as Patek wants to believe otherwise most of their growth in brand loyalty has come from IG pages like mine and many others. The social media platform is powerful however, it can be dangerous too. It opens the gates for opinion and marketing now is two sided versus and one-way highway with print media. This, and solely this, scares many big brands because now you can have negative feedback, on the spot and it reflects immediately on brand loyalty, sales and public opinion. If managed well though, it can be a powerful tool. Patek to this day and we can cite many examples have changed dials based on public opinion, which means Patek listens but they don’t participate.
The company is growing by the day and production numbers are increasing hence why many collectors are wishing for them to cut production, I think the company is doing better than they themselves expected. The younger audience will remain a Nautilus and Aquanaut base mainly, and Patek is feeding into this base with fury, personally a steel 44mm Nautilus in my opinion will come, either next Basel or the one after but it will come, and trust me a 44mm Nautilus wasn’t made for your 73 year old neighbour.
Daytime watch? Why?
Rolex, they don’t break and when I scratch one I don’t want to shoot myself in the foot. Steel Rolex is what I’m referring too here.
Dress watch? Why?
5070P is my all time favourite.
The beauty of numbers is that it revels beautiful facts. I have taken a quick look at the figures for Ref. 5070, hands down my favorite reference, absolute favorite. I looked at only Platinum Ref. 5070’s and this is what I found out Did you know that Antiquourum has sold three Ref. 57070P at an average of $113,631 Did you know that Bonhams has sold one Ref. 5070P at a price of $115,705 Did you know that Christies has sold seven Ref. 5070P at an average of $129,419 Did you know that Sothebys has sold one Ref. 5070P at a price of $121,534 The interesting part is that Geneva loved the reference more than any other city Geneva has achieved an average of $154,917 Hong Kong has achieved an average of $120,733 London has achieved a price of $115,705 New York has achieved an average of $115,283 So let’s assume you have a Ref. 5070P that you wanted to sell, history says that you should probably hand it over to Christies and make sure it gets in one of the two Geneva sales to achieved maximum value. For more number crunching follow @patekonomics
Sport watch? Why?
Aquanaut, any one of them.
I would buy a steel 5070, if it exists. I hope it does, I hope the owner knows how much I love it and need it in my life