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ROLEXROLEXROLEXROLEXROLEXROLEX
ROLEXROLEXROLEXROLEXROLEXROLEX
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#901 |
"TRF" Member
Join Date: Jan 2022
Location: Asia
Posts: 455
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#902 | |||
Banned
Join Date: Jun 2022
Location: LA
Watch: Meteorite
Posts: 615
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#903 |
"TRF" Member
Join Date: Aug 2022
Location: Tenerife
Posts: 618
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Most will maintain above retail except the usual unloved suspects which traditionally stayed in the display window unwanted They will go below retail as they normally were. IMHO.
I don't think the recession will last long enough to completely get back to the 'good old days' |
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#904 |
2024 Pledge Member
Join Date: Aug 2013
Location: Itinerant
Watch: 79010sg
Posts: 8,283
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Watches remain a great investment and asset class!
Sent from my iPhone using Tapatalk |
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#905 |
"TRF" Member
Join Date: Aug 2016
Location: Los Angeles, CA
Watch: AP 15500
Posts: 700
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How? Sure you may get a piece at retail that is worth 5x retail but how much other things did you have to buy that lose their value to get it? If you had to spend 100k on things that depreciate to 25k but you got a watch at retail that is worth 50k above MSRP on the open market you are still at a loss.
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#906 |
Banned
Join Date: Feb 2021
Location: Gnèèève
Posts: 595
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Participated (online) at the HK Antiquorum auction today. So many lots passed. I have finally not bought what I expected because, it shows that there will be more pressure on prices even for more collectible/vintage pieces.
Keeping my money to find better watches next auction round in 2023. :) |
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#907 |
"TRF" Member
Join Date: Jan 2013
Location: USA
Posts: 1,076
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The recent chaos in China isn't helping.
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#908 |
Banned
Join Date: Feb 2021
Location: Gnèèève
Posts: 595
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#909 |
"TRF" Member
Join Date: Jan 2013
Location: USA
Posts: 1,076
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#910 | |
"TRF" Member
Join Date: May 2018
Location: The Alps
Posts: 578
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#911 | |
Banned
Join Date: Feb 2021
Location: Gnèèève
Posts: 595
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Quote:
Also, now the rumors which is floating is a de-peging of the HKD. https://twitter.com/BillAckman/statu...69030798139395 This would shake even more the watch market for sure... |
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#912 | |
"TRF" Member
Join Date: May 2018
Location: The Alps
Posts: 578
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#913 | |
2024 Pledge Member
Join Date: Oct 2017
Location: nyc
Posts: 6,580
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Quote:
could end up happening, but the fact that he started this rumor by tweeting an opinion piece feels sus. this is the same guy who bought 3 million shares of netflix at ~400 and sold for a 40% loss |
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#914 | |
Banned
Join Date: Feb 2021
Location: Gnèèève
Posts: 595
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Quote:
My poor English skills make my message confusing, sorry. I was of course not promoting a trade. :) I only wanted to highlight that when such a fresh news is floating in the HK air, with all the layers of issues (threats) already known, it does not encourage locals on discretionary expenses. |
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#915 | |
Banned
Join Date: Feb 2009
Location: USA
Posts: 530
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#916 | |
2024 Pledge Member
Join Date: Oct 2017
Location: nyc
Posts: 6,580
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Quote:
it's unfortunate that he can be so blatant about it and nothing will be done lol |
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#917 | |
Banned
Join Date: Feb 2021
Location: Gnèèève
Posts: 595
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Quote:
I think this will impact massively the watch (luxury) market... in the long term (like when they hardened the anti-corruption laws). Because even if the economy gets better, owning luxury/status pieces will be an issue. But also, the family, kids or mistress will not be allowed to flex anymore. There were too many scandals (mainland, HK, abroad), so the CCDI (Central Commission for Discipline Inspection) wants to get ride of them and now they have full endorsement. |
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#918 |
Banned
Join Date: Feb 2021
Location: Gnèèève
Posts: 595
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Today's auctions (Christie's) were ok on really nice pieces.
https://www.christies.com/en/auction...-part-i-29710/ https://www.christies.com/en/auction...hmaking-29888/ Being Rolex, AP or PP is not enough. Real rarity and real quality are back. :) The times of lots sold at x2.5 the max estimates whatever the watch are over. ![]() |
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#919 |
Banned
Join Date: Feb 2009
Location: USA
Posts: 530
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seeing watches that have been posted on TRF (and gone unsold) now posted on MODA for less...
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#920 |
"TRF" Member
Join Date: Sep 2022
Location: UK
Watch: JLC / AP
Posts: 122
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#921 | |
"TRF" Member
Join Date: May 2018
Location: The Alps
Posts: 578
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#922 |
"TRF" Member
Join Date: Aug 2016
Location: Los Angeles, CA
Watch: AP 15500
Posts: 700
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At that price the Code definitely appeals to me. I sometimes think that it didn't get a fair shake due to it being shoved down a lot of prospective buyers throats (when they had no interest in it) by ADs as a gateway to a RO.
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#923 |
"TRF" Member
Join Date: Aug 2022
Location: Tenerife
Posts: 618
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#924 |
"TRF" Member
Join Date: Jun 2016
Location: HK
Watch: Piaget,Rolex,AP,HB
Posts: 1,040
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Almost 6 months after the last post, it seems not much has changed with AP. Certainly in HK Rolex prices are very resilient and recently with China opening up, prices on the rise again particularly for Rollies
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#925 |
"TRF" Member
Join Date: Apr 2020
Location: Orange County
Posts: 1,801
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#926 |
2024 Pledge Member
Join Date: May 2022
Real Name: T.T
Location: Fantasia
Watch: 116610LV
Posts: 298
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__________________
RLX: 116610LV | 126710BLRO | 226570 Polar Dial | 126500LN Panda Dial | 126333 Wimbledon | 126334 Lumed Stick | IWC: IW371604 | OMG: 310.30.42.50.01.002 Get what you love and wear ‘em….. ![]() |
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#927 |
"TRF" Member
Join Date: Jun 2016
Location: HK
Watch: Piaget,Rolex,AP,HB
Posts: 1,040
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