Wednesday, September 21, 2011

Chinese Officials Like Luxury Watches...

Watch related news: A Chinese Activist posted pictures of Chinese Officials wearing luxury watches. Please note the post has been mysteriously removed.

Question: You mean, Chinese Officials can afford to wear luxury watches?

Answer: Well, no shitake mushrooms! Yes, very expensive ones too.

I recently visited a Patek Philippe dealer who told me of a friend and dealer who had sold-out of his supply of Patek complicated timepieces (average cost of $80K). The buyer's were allegedly Chinese diplomats.

Link:  Here!

*Please note that China is one of the top buyers of Swiss made timepieces. Please also note the average income is between $10,000-$15,000 (in Shanghai-rural income is significantly less).

Another link:  Here!

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