pingtsai[PuristSPro Moderator]
2063
Do Celebrity Ambassadors Help Sell Watches?
May 25, 2014,16:25 PM
Do You Think Celebrity Ambassadors Help Sell Watches?
This is a question I've often pondered. Large brands can have marketing budgets in the seven figures. There is no doubt that a large portion of the expenses is designated to the cost of using a celebrity’s likeness and name to promote the brand’s watches. Ultimately this cost is passed down to the consumer and worked into the price tag.
An Audemars Piguet Royal Oak Offshore Chronograph can be double or triple the price of other luxury watches with similar functions. Whether or not it is worth the premium price is debatable and depends on the individual.
Do they carry such high price tags because of all the marketing they do? Would their watches cost less if they weren’t photographed on the wrists of LeBron James or Michael Schumacher? What if we told AP, “It’s ok. We don’t care about these celebrities. Just give us a better price.” Or do these ambassadors help raise the prestige and exclusivity of the brand and as a result, the demand as well?
As LeBron dribbles his way to another championship, there is no doubt that AP couldn't be happier. Surely the magic of winning will somehow rub off from the sport's star player to the watch he is wearing when he delivers his post-game press conferences.
From past experience, I find that many serious watch collectors, or “PuristS”, tend to be turned off by the idea of a particular watch or brand being promoted by a famous person. The numerous launches of celebrity named Limited Editions has become so common that the watches themselves have lost some of their appeal.
In the past, athletes got their own shoe to signify super-star athlete status. Nowadays it seems that a limited edition watch deal could be enough. Of course, said super-star athletes had better be wearing their personally named watches when they win their next title. Perhaps there are incentives for finishing at the top and bonuses if you wear the watch while doing it. Anything is possible.
Back to the original question of whether or not stars help sell more watches. For certain groups of people, the answer is probably yes. Many people in the general public are not aware of luxury watch brands outside of Rolex. But they do know the faces of their favorite athletes and actors. So if they see an ad in a magazine or walking through the airport with LeBron, Dwayne Wade, Leonardo DiCaprio or Naomi Watts, they are more likely to take notice of it and the watches they are wearing.
When a brand launches a new watch, using a famous face to introduce it can initiate more buzz and recognition. For instance Bulgari chose Naomi Watts to represent their new LVCEA watch this year and as a result the brand received more exposure on a global scale. She is the newest female ambassador of the brand and Bulgari perfectly coordinated the launch with “awards season” in Hollywood where she was photographed at numerous events donning Bulgari jewels and watches. Seeing the pieces in their natural and glamorous environment on a beautiful actress definitely raised their appeal to prospective buyers as opposed to just seeing them in a display case.
In certain markets, I believe ambassadors can increase sales. However for true “PuristS”, it’s a bit of a hard sell, a sugar-coated treat fed to a group who prefers the taste of raw meat. Not only can they pick apart the individual nuances in a particular watch, they can appreciate them as well even if they don’t personally care for them. For serious collectors, whatever the watch is in its true essence, that is enough to garner the attention it needs. Remarkably, it will sell itself. Notorious models with bleached white smiles, although pleasant to look at, are far from necessary.
How do you feel? Do you think celebrity ambassadors can affect your purchasing decisions when it comes to buying a watch?
This message has been edited by pingtsai on 2014-05-25 16:38:01