• Master
    7 Jul 2009, 4:25 p.m.

    did a quick search it seems that this has not be shared yet. btw, PP and VC come 2nd and 3rd in the survey. good job IWC!

    June 25, 2009
    New York--Ultra-high-net-worth consumers have rated IWC the "Best of the Best" among 33 luxury watch brands, according to the Luxury Institute's 2009 Luxury Brand Status Index (LBSI) survey.

    IWC was the top-ranking watch brand for three out of four components of the LBSI survey, which identifies the top brands that exhibit true luxury in numerous categories based solely on the independently verified ratings of wealthy and ultra-wealthy consumers.

    IWC also swept the highest scores as the luxury watch brand wealthy consumers are most willing to recommend and consider the most worthy of a price premium.

    Consumers who rated IWC No. 1 described the brand as "rare and exceptional," "the standard" and having "unique design and classic looks."

    Patek Philippe and Vacheron Constantin ranked second and third, respectively.

    "At a time when many luxury brands are having identity crises in the midst of an economic crisis, IWC knows exactly who they are, what they offer and who they serve. They are a true 21st century luxury brand, as rated by the ultimate brand constituents: consumers," Luxury Institute Chief Executive Officer Milton Pedraza said in a media release. "Additionally, Patek Philippe and Vacheron Constantin are consistently rated among the top luxury watches by ultra-wealthy consumers. The ability of these brands to be rated so highly year after year makes them brands that deliver the luxury value consumers look for universally."

    The proprietary LBSI survey asks high-net-worth consumers to rate luxury brands by category across four equally weighted components: consistently superior quality, uniqueness and exclusivity, making the customer feel special across the entire experience, and being consumed by people who are admired and respected.

    A national sample of 1,013 ultra-wealthy American consumers, with minimum investable assets of $2 million, and median investable assets of $4.1 million, was surveyed online. Survey results are weighted to match demographic and net-worth profiles of the same audience according to the latest Survey of Consumer Finances from The Federal Reserve

  • Master
    7 Jul 2009, 6:05 p.m.

    Speaking as a working person...

    I consistently rate IWC as my top brand for all the reasons that really, really rich folk do! :-))

    Best regards,
    Jim

  • Master
    7 Jul 2009, 8:45 p.m.

    Remarkable achievement, considering

    the competitors IWC had to face.

    Since we're talking about perceptions, this result really shows a good work by the Company as a whole.

    Nice to know, thank you Erwin for the info.

    Regards,

    Roberto

  • Master
    8 Jul 2009, 3:20 a.m.

    Hi to all the uber wealthy Americans ...

    ...who contribute to this Forum. Well done.

  • Master
    8 Jul 2009, 7:25 a.m.

    This is very interesting

    IWC made quite some effort to make itself known with the rich and famous. That is a very interesting platform, as I assume that when one is popular in such a group one also sells to them, and this in return gives a lot of free advertisement, and a confirmation that one has arrived. But there is a challenge: like in sports, it is difficult to climb to the top, but it is more difficult to stay there. And the rich and famous is in my opinion not a loyal group: they may loose interest in an instant. So, make the best of it while you can.

    Furthermore, I can imagine that the rich and famous are more interested in the watches themselves, as they should, and that they are less interested in an environmental theme. So, some marketing effort may not be in line with this group. But the total market is larger than the rich and famous (like lucky me, I am not rich and famous), and in this respect the critical environmental theme may be right on the spot, for the professionals that think for themselves. I believe that the range of watches of IWC is perfectly fitted for this group. In the end these professionals may prove to be far more loyal to the brand than the rich and famous.

    So, being accompanied by Patek Philippe and Vacheron Constantin is a huge and surprising bonus. I think it is typical IWC that they can serve the two groups that I mentioned in such a successful way.

    Kind regards,
    Paul, wearing steel VC Portuguese

  • Master
    7 Jul 2009, 6:35 p.m.

    Congratulation, good for IWC!...

    Even though, I am neither wealthy nor ultra-nothing and love IWC also.

  • Insider
    8 Jul 2009, 2:25 p.m.

    This post is hidden. You cannot not see its contents.

    Hidden by on 8 Nov 2018, 3:47 p.m..

  • Master
    8 Jul 2009, 6:45 p.m.

    Thank you for the info....

    I wonder how many of the uber wealthy visit this forum? From those of us who work for a living welcome

  • Master
    10 Jul 2009, 6 a.m.

    This never gets mentioned but ...

    I bet poor people like IWC too.
    Depending on the market, some of us move between camps :-)

    TR