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RXAPPP · 28 July 2019, 08:33 AM

Quote:

Originally Posted by Fat_ninja

Prices drop because economy drops stocks drop wealth drops

Just because wealth drops doesn’t mean watch value does
“RECOMMENDED READING: Do watches hold their value during a downturn?” via @watchville

Fat_ninja · 28 July 2019, 08:46 AM

Quote:

Originally Posted by RXAPPP

Just because wealth drops doesn’t mean watch value does
“RECOMMENDED READING: Do watches hold their value during a downturn?” via @watchville

It’s just my view. You are probably right.

martinr · 28 July 2019, 08:55 AM

Who needs a financial advisor when you have TRF! On second thought I’m going to call Vanguard for some watch advice.

jrs146 · 28 July 2019, 09:13 AM

Quote:

Originally Posted by martinr

Who needs a financial advisor when you have TRF! On second thought I’m going to call Vanguard for some watch advice.

Haha noooo just call me

Fat_ninja · 28 July 2019, 09:15 AM

Quote:

Originally Posted by jrs146

Haha noooo just call me

Are u going to tell me to buy the s&p or just put money in MSFT.

jrs146 · 28 July 2019, 09:26 AM

Quote:

Originally Posted by Fat_ninja

Are u going to tell me to buy the s&p or just put money in MSFT.

Buy 5205’s!

Fat_ninja · 28 July 2019, 09:31 AM

Quote:

Originally Posted by jrs146

Buy 5205’s!

Too bad I can’t short watches

GreenLantern · 28 July 2019, 09:42 AM

Quote:

Originally Posted by RXAPPP

Just because wealth drops doesn’t mean watch value does
“RECOMMENDED READING: Do watches hold their value during a downturn?” via @watchville

It does when the current values are unnaturally high because of an unusually high amount of fabricated wealth. Bitcoin billionaires, that sort of thing.

Ichiran · 28 July 2019, 11:07 AM

Quote:

Originally Posted by sambb

my concern is that 35k will be 20-25k... since it isnt sports

Buy used? Nobody can predict the price of watch reliably. I love my 5205, and didn't buy it with an anticipation that price will increase or even hold.

goog53 · 28 July 2019, 11:58 AM

Quote:

Originally Posted by martinr

Who needs a financial advisor when you have TRF! On second thought I’m going to call Vanguard for some watch advice.

One of my favorite members on here. Love your posts Martin

martinr · 28 July 2019, 12:21 PM

Quote:

Originally Posted by goog53

One of my favorite members on here. Love your posts Martin

Likewise.

KBM · 28 July 2019, 12:34 PM

Can't comment on any softening of 5205 prices, but I have to say it seems like a great time to go after some more complicated pieces.

I'm a sports watch guy at heart and understand that the sports references are all the rage at the moment, but that simply isn't where Patek's essence and mastery lies, imo.

If buying a dressier piece at a deep discount, even if this insane "sports references at 2.5x MSRP" market crashes, I can't see the complicated pieces following in the same proportion, simply because they aren't nearly leveraged in the same way or used as a commodity.

Regardless, the safest way to play it remains buying what you love, because then nothing of that even matters.

martinr · 28 July 2019, 12:43 PM

This thread needs a picture. IMG_5430.jpg

Sent from my iPhone using Tapatalk

Dr.Teatime · 28 July 2019, 02:46 PM

Quote:

Originally Posted by martinr

This thread needs a picture. Attachment 1059172

Sent from my iPhone using Tapatalk

Thank God for doing this. Great picture BTW.

jrs146 · 28 July 2019, 11:06 PM

Quote:

Originally Posted by martinr

This thread needs a picture. Attachment 1059172

Sent from my iPhone using Tapatalk

I’m seriously thinking about getting one. Either this dial or the white. I tried on the WG blue dial and I think I like RG more.

MadSpaniard · 29 July 2019, 12:13 AM

The early 5205's with the two-tone dials seem to be fairly soft in resale, but the more recent ones with all black or white dials appear to hold up a little better. That said, all I can say is I didn't get mine because of potential resale - I buy stocks for that purpose.

Instead, I got my 5205R because I really like it. The RG and white dial make it supremely elegant and classic, but also a touch sporty and forward-looking. It wears smaller than it is, exudes substance and gravitas without being overbearing. It often gets noticed, but in the way I prefer my watches to be noticed, which is people generally don't know what it is, but they remark "wow, that looks really great, what is it?"

Regardless, leave aside what others think for a moment. My advice is get whatever moves and impresses you. Get something that makes you think to yourself "damn just look at that thing" whenever you glance at your wrist. A watch is first and foremost a personal statement, an extension of your personality. Of course, be mindful of resale, after all, these things are expensive, just don't let resale dictate your selection entirely. For me, resale is a factor, but not the determining factor.

Anyway, here's mine. I've had it for a little over a year now, and I'm thoroughly enjoying it:

pam66 · 29 July 2019, 12:16 AM

Quote:

Originally Posted by Fat_ninja

Problem with hoping the Ss models drop so that it firms up the dress watch market is flawed...

If SS drops...
The dress watch market likely drops further.

Just a thought....Enjoy your Saturday

absolutely correct. unless a couple of million chinese decide that dress watches is what they need there won't be a bottom to where they go. and the former is highly unlikely, seeing how people dress in china:::)))

pam66 · 29 July 2019, 12:19 AM

Quote:

Originally Posted by Aquaman

lets go boris lets go

better sell your watches before - those that you want to sell. but afterwards it might be easier for brits to pick up what they like when the economy&demand drop.

Fat_ninja · 29 July 2019, 12:20 AM

Quote:

Originally Posted by pam66

better sell your watches before - those that you want to sell. but afterwards it might be easier for brits to pick up what they like when the economy&demand drop.

Oct 31

jrs146 · 29 July 2019, 12:57 AM

Out of curiosity. Are ADs discounting these? I had a chance to buy the blue dial one and I got the impression there would be no discount.

Fat_ninja · 29 July 2019, 02:23 AM

Quote:

Originally Posted by jrs146

Out of curiosity. Are ADs discounting these? I had a chance to buy the blue dial one and I got the impression there would be no discount.

Not really. You can try for 5% if it sits there for a long time but generally tough to see that. Best thing to do is just package something. Ask for a rolex daytona or pepsi lol

Calatrava r · 29 July 2019, 02:40 AM

This only demonstrates the overall watch market is very soft. There are very small areas of crazy demand for SS sports from Patek, Rolex and AP but the rest of the market really stinks right now.

Look at the 5320G. They are trading in the mid sixties used. I expect they will be in the mid fifties shortly. There really is not much demand for dressy PM complicated dress watches at the moment.

Brighter areas in Patek appear to be the 3940 series which is showing strength and all the discontinued 324 housed Calatravas, especially the G, which seem to be on the rise.

Fat_ninja · 29 July 2019, 02:55 AM

Rolex is still chugging the SS DJ41 etc are hard to come by now. Even their 2 tones are picking up interest

pam66 · 29 July 2019, 04:27 AM

Quote:

Originally Posted by Fat_ninja

Oct 31

yes. devastating. for the brits. except that it will soften up the arrogant attitudes of the luxury business, including some ADs. but possibly their clients are arabs, russians etc and not british and nothing will change at the high end.

sambb · 29 July 2019, 09:01 AM

I hope the RG version or the blue dial become more affordable. I think overall, these ACs are wonderful compared to the dial type. Will be interesting.

orandoyle · 29 July 2019, 12:50 PM

Quote:

Originally Posted by goog53

One of my favorite members on here. Love your posts Martin

You are my hero

Russell996 thought I was somebody called DLindsay. Fortunately I was able to direct him to your post where you wrote DLindsay was "that Karl guy"

Dlindsay (Karl) had attacked posters like Tyler, Tom for no reason and good on you for getting him banned.

29 July 2019, 12:57 AM	#50
jrs146 "TRF" Member Join Date: Aug 2011 Real Name: Josh Location: Lost in time Watch: Me Nae Nae Posts: 9,821	Out of curiosity. Are ADs discounting these? I had a chance to buy the blue dial one and I got the impression there would be no discount. __________________ "Sometimes the songs that we hear are just songs of our own." -Jerome J. Garcia, Robert C. Hunter

28 July 2019, 08:55 AM	#33
martinr "TRF" Member Join Date: Jan 2013 Location: California Posts: 3,105	Who needs a financial advisor when you have TRF! On second thought I’m going to call Vanguard for some watch advice.

28 July 2019, 12:34 PM	#42
KBM 2024 ROLEX SUBMARINER 41 Pledge Member Join Date: Jan 2010 Real Name: K. Location: 780 Posts: 10,436	Can't comment on any softening of 5205 prices, but I have to say it seems like a great time to go after some more complicated pieces. I'm a sports watch guy at heart and understand that the sports references are all the rage at the moment, but that simply isn't where Patek's essence and mastery lies, imo. If buying a dressier piece at a deep discount, even if this insane "sports references at 2.5x MSRP" market crashes, I can't see the complicated pieces following in the same proportion, simply because they aren't nearly leveraged in the same way or used as a commodity. Regardless, the safest way to play it remains buying what you love, because then nothing of that even matters.

28 July 2019, 12:43 PM	#43
martinr "TRF" Member Join Date: Jan 2013 Location: California Posts: 3,105	This thread needs a picture. IMG_5430.jpg Sent from my iPhone using Tapatalk

29 July 2019, 12:13 AM	#46
MadSpaniard "TRF" Member Join Date: May 2018 Location: Atlanta Posts: 343	The early 5205's with the two-tone dials seem to be fairly soft in resale, but the more recent ones with all black or white dials appear to hold up a little better. That said, all I can say is I didn't get mine because of potential resale - I buy stocks for that purpose. Instead, I got my 5205R because I really like it. The RG and white dial make it supremely elegant and classic, but also a touch sporty and forward-looking. It wears smaller than it is, exudes substance and gravitas without being overbearing. It often gets noticed, but in the way I prefer my watches to be noticed, which is people generally don't know what it is, but they remark "wow, that looks really great, what is it?" Regardless, leave aside what others think for a moment. My advice is get whatever moves and impresses you. Get something that makes you think to yourself "damn just look at that thing" whenever you glance at your wrist. A watch is first and foremost a personal statement, an extension of your personality. Of course, be mindful of resale, after all, these things are expensive, just don't let resale dictate your selection entirely. For me, resale is a factor, but not the determining factor. Anyway, here's mine. I've had it for a little over a year now, and I'm thoroughly enjoying it:

29 July 2019, 02:40 AM	#52
Calatrava r 2024 ROLEX SUBMARINER 41 Pledge Member Join Date: Mar 2017 Location: United States Watch: Rolex and Patek Posts: 11,084	This only demonstrates the overall watch market is very soft. There are very small areas of crazy demand for SS sports from Patek, Rolex and AP but the rest of the market really stinks right now. Look at the 5320G. They are trading in the mid sixties used. I expect they will be in the mid fifties shortly. There really is not much demand for dressy PM complicated dress watches at the moment. Brighter areas in Patek appear to be the 3940 series which is showing strength and all the discontinued 324 housed Calatravas, especially the G, which seem to be on the rise.

29 July 2019, 02:55 AM	#53
Fat_ninja Banned Join Date: May 2018 Real Name: Jonathan Location: USA Watch: P-01 Posts: 11,772	Rolex is still chugging the SS DJ41 etc are hard to come by now. Even their 2 tones are picking up interest

29 July 2019, 09:01 AM	#55
sambb "TRF" Member Join Date: Nov 2009 Location: USA/UK Posts: 1,358	I hope the RG version or the blue dial become more affordable. I think overall, these ACs are wonderful compared to the dial type. Will be interesting.

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