With the Italian lira pegged to the US dollar from 1927 to 1934 at Lire 19 per USD 1, relative bargains were available for the taking. At the same time, Pateks were sold in the States for approximately double the price, due to the US retail prices set by the Henri Stern Watch Agency and mandatory import duty.
The US market was most certainly buying less luxury timepieces at the time, too. The Depression had left the US economy in shambles. However cheap coach bags cheap coach bags, times weren’t bad for everyone (New Yorker Henry Graves purchased a few in his day) and the Italians embraced watch collecting very early on and had some money to spend on one of the things they loved (and continue to love) most – Patek Philippe.
Related Posts:：Imagine Italy in the 1930s. Il Duce is running the show and, if you’re lucky, you have 2,000 Lire in your pocket to burn. In this advertisement from December 1933 coach factory store, placed by Milan retailer Orologeria Eberhard, Santa presents three stylish rectangular Patek Philippe wristwatches and a pocket watch (click here for a similar one that is on sale on Ebay now).
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For Christmas, how about a Patek for 100 USD? Well coach outlet coach outlet online, lucky for you, Babbo Natale is coming to town and he has a little something for you in his sleigh.
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