ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX
23 July 2019, 04:05 AM | #31 |
"TRF" Member
Join Date: Nov 2016
Location: HKG
Posts: 275
|
Yup. Loads of inventory especially the AD on the Kowloon side (Tsim Sha Tsui). I visited my AD last week and we joked that we have never seen so many watches on display in the last 2 years.
Tourists from China aren't coming in to buy watches. Locals are fearing a plunge in the stock market (lots of rumors here that the US stock market is going to burst soon...) But don't get your hopes up about getting a 5711 / 5712 / 5164 / 5167 as the distributor has the final say here, not the AD. |
23 July 2019, 04:15 AM | #32 |
"TRF" Member
Join Date: Apr 2010
Location: Earth
Posts: 2,406
|
Funny how there are endless threads on the subject.
There is probably more hype to the prices than the pieces...
__________________
5230G / 5146G / 124060 / BB58 / '59 Constellation |
23 July 2019, 04:28 AM | #33 | |
"TRF" Member
Join Date: Jun 2016
Location: N/A
Posts: 3,632
|
Quote:
There's so many players in the grey market right now, not all of them have the strongest hands. Once a few start undercutting each other, then there'll be a mass run for the exits. |
|
23 July 2019, 04:31 AM | #34 | |
Banned
Join Date: May 2018
Real Name: Jonathan
Location: USA
Watch: P-01
Posts: 11,772
|
Quote:
|
|
23 July 2019, 05:27 AM | #35 |
2024 Pledge Member
Join Date: Feb 2010
Real Name: Neil
Location: UK
Watch: ing ships roll in
Posts: 59,357
|
Chronext prices for Nauts and Aquas or the Nauti-nauties remain unchanged from a couple of weeks ago, still highest in the world.
|
23 July 2019, 05:30 AM | #36 |
"TRF" Member
Join Date: Jan 2010
Real Name: John
Location: Denver
Posts: 2,294
|
I dont think the asks have changed, I think the bids have. Meaning grey dealers aren't buying them up at the same prices they were.
__________________
Watches! |
23 July 2019, 05:46 AM | #37 |
Banned
Join Date: Feb 2017
Location: Home!
Posts: 3,307
|
|
23 July 2019, 05:56 AM | #38 |
"TRF" Member
Join Date: Mar 2013
Location: NJ
Posts: 2,605
|
I believe the prices have gotten holders to think about becoming sellers...so more inventory hits...prices stabilize...until fewer people start selling.
We shall see. |
23 July 2019, 05:59 AM | #39 | |
2024 Pledge Member
Join Date: Oct 2009
Location: USA & France
Posts: 11,078
|
Quote:
|
|
23 July 2019, 06:28 AM | #40 |
"TRF" Member
Join Date: Mar 2015
Location: USA
Watch: PP
Posts: 239
|
I called a local luxury watch store today. They still sell 5712 at $101,000.
|
23 July 2019, 06:29 AM | #41 |
"TRF" Member
Join Date: Jul 2014
Location: Washington, DC
Posts: 5,350
|
I think that they have probably found the ceiling. Not much more movement shy of a world event. Perhaps a slight trickle down but I wouldn't expect anything significant.
|
23 July 2019, 06:30 AM | #42 |
"TRF" Member
Join Date: Nov 2018
Location: Europe
Posts: 3,393
|
Nerve-wracking thread... LOL
On the plus side the 5711 may fall back to where I'll be comfortably wearing it wherever I go and whatever I do which hasn't been exactly the case since I got it from the AD not too long ago. |
23 July 2019, 06:42 AM | #43 | |
2024 Pledge Member
Join Date: Feb 2017
Location: USA
Posts: 4,372
|
What happened to the Nautilus market last week?
Quote:
I'll never understand this logic. If you are that scared to wear it, because of the value it has at the moment, sell it. Then buy it back once things cool off, whenever that is.... but why keep it locked up in your home if you aren't going to enjoy it? Sent from my iPhone using Tapatalk Pro |
|
23 July 2019, 06:55 AM | #44 |
"TRF" Member
Join Date: May 2018
Location: Atlanta
Posts: 343
|
I'll admit I like the Nautilus 5711/1A. It's a classic sports watch, versatile, good looking, practical, etc.
But regarding the Nautilus, I try to separate intrinsic value from speculative asset value. When I look at it that way, I just can't come anywhere near justifying the current $60-70k (or higher) trading price being seen out there. The only way I can somewhat rationalize it is if I view it as a financial/speculative market asset, rather than as a piece of horological craftsmanship or artistry. The list price, as stated by Patek, is around $30k. That's the value Patek themselves ascribe to it. Patek never intended the 5711 to be a $60-70k piece, and purposely didn't design or construct it as such. So, one has to wonder: do people like it so much because the Nautilus truly is all that and a bag of horological chips, a sublimely gorgeous and amazing design with exceptionally outstanding craftsmanship? Or do people like it because it happens to command a lot of cash in the secondary market (for a variety of economic forces, speculative or otherwise) and therefore offers recognition and bragging rights (and profit potential)? I just have to be somewhat skeptical about the underlying factors that are driving up Nautilus trading prices. I mean, the 5711 is admittedly good, even very good, but let's be honest with ourselves: from a purely intrinsic, horological and craftsmanship perspective, does it really qualify as being insanely off-the-charts great? |
23 July 2019, 06:56 AM | #45 |
Banned
Join Date: Jun 2019
Location: All around
Posts: 600
|
[QUOTE=V25V;9832153]I'll never understand this logic. If you are that scared to wear it, because of the value it has at the moment, sell it. Then buy it back once things cool off, whenever that is.... but why keep it locked up in your home if you aren't going to enjoy it?
Sent from my iPhone using Tapatalk Pro[/QUOTE agree wear and enjoy or whats the point |
23 July 2019, 07:42 AM | #46 | |
"TRF" Member
Join Date: May 2017
Location: cambridge
Posts: 2,277
|
[QUOTE=Aquaman;9832204]
Quote:
|
|
23 July 2019, 07:49 AM | #47 | |
2024 ROLEX SUBMARINER 41 Pledge Member
Join Date: Nov 2012
Location: USA
Watch: addiction issues
Posts: 37,199
|
Quote:
__________________
|
|
23 July 2019, 07:49 AM | #48 |
Banned
Join Date: May 2018
Real Name: Jonathan
Location: USA
Watch: P-01
Posts: 11,772
|
I feel better that my kid is wearing a $95k RM than a $80k nautilus
Just a thought lol |
23 July 2019, 07:53 AM | #49 | |
2024 Pledge Member
Join Date: Jan 2013
Location: USA
Posts: 6,221
|
Quote:
I love my 5712a. It’s my favorite watch. Crown jewel of my collection. Wouldn’t sell it for $50k. Not for $60k. But honestly if someone came up to me and offered $100k? Would be hard to say no to that. Sent from my iPhone using Tapatalk Pro |
|
23 July 2019, 08:08 AM | #50 |
2024 ROLEX SUBMARINER 41 Pledge Member
Join Date: Nov 2012
Location: USA
Watch: addiction issues
Posts: 37,199
|
you about to run the same play over at RM and see if it works? My kid loves RM she needs an 11-03 ti
__________________
|
23 July 2019, 08:10 AM | #51 | |
"TRF" Member
Join Date: Nov 2018
Location: Europe
Posts: 3,393
|
Quote:
|
|
23 July 2019, 08:13 AM | #52 | |
"TRF" Member
Join Date: Nov 2018
Location: Europe
Posts: 3,393
|
[QUOTE=pam66;9832337]
Quote:
In terms of scratches I like them both mint and beat up - if anything the in between gives me trouble... May be I should beat em up fast... |
|
23 July 2019, 08:18 AM | #53 | |
Banned
Join Date: May 2018
Real Name: Jonathan
Location: USA
Watch: P-01
Posts: 11,772
|
Quote:
Bought a 029 for the wife and kid to share. I’ll probably get a 030 when it’s available. Don’t think I can ever get a 11-03 from RM Maybe I buy an AP for myself |
|
23 July 2019, 08:20 AM | #54 | |
"TRF" Member
Join Date: Jul 2017
Location: the Far West
Posts: 1,282
|
Quote:
Daddy Used Me: Tales from the Daughter of Ninja Watch Investor!
__________________
Rolex & Patek Philippe |
|
23 July 2019, 08:21 AM | #55 |
2024 ROLEX SUBMARINER 41 Pledge Member
Join Date: Nov 2012
Location: USA
Watch: addiction issues
Posts: 37,199
|
Work that charm lol worked at patek who knows!
__________________
|
23 July 2019, 08:22 AM | #56 |
Banned
Join Date: May 2018
Real Name: Jonathan
Location: USA
Watch: P-01
Posts: 11,772
|
|
23 July 2019, 08:36 AM | #57 |
Banned
Join Date: May 2018
Real Name: Jonathan
Location: USA
Watch: P-01
Posts: 11,772
|
|
23 July 2019, 08:40 AM | #58 |
2024 Pledge Member
Join Date: Feb 2010
Real Name: Neil
Location: UK
Watch: ing ships roll in
Posts: 59,357
|
I don't know, bids on hot pieces have been appalling for ages, greys been living it up with buy low, sell high, if they bid even lower now without reducing asks then no one will sell to them just out of a sense of injustice, better to hold or go private.
|
23 July 2019, 08:46 AM | #59 |
"TRF" Member
Join Date: Jul 2017
Location: the Far West
Posts: 1,282
|
__________________
Rolex & Patek Philippe |
23 July 2019, 09:56 AM | #60 |
Banned
Join Date: Jun 2018
Location: USA
Posts: 1,505
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests) | |
|
|
*Banners
Of The Month*
This space is provided to horological resources.