Price Drop - update from Hong Kong

[Nads786]

The sub date market is definitely softening I'm seeing prices starting at $13,200.

[Podmornica]

Originally Posted by Nads786

The sub date market is definitely softening I'm seeing prices starting at $13,200.

Not just that it's softening, but more worrying is that the whole watch market is extremely slow .. Hardly anything moves even at lower prices, which could be the indicator there are no new buyers at these price levels.

[Nads786]

Originally Posted by Podmornica

Not just that it's softening, but more worrying is that the whole watch market is extremely slow .. Hardly anything moves even at lower prices, which could be the indicator there are no new buyers at these price levels.

Is the summer lull a good theory for that?


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[Rolexatlast]

Originally Posted by Podmornica

Not just that it's softening, but more worrying is that the whole watch market is extremely slow .. Hardly anything moves even at lower prices, which could be the indicator there are no new buyers at these price levels.

Why worrying? Indicates watches are over-priced on the grey market, and discourages flippers. Great news for watch lovers.

[Tensai]

No such softening in Japan, except the dollar is now stronger than ever which results in nice prices.

You can’t time the market. It’s impossible. Buy what you like when price is affordable for you. Don’t wait for something that may not happen.

[Flipmarine2k]

Originally Posted by Xyza0722

Many in Mong Kok, Wan Chai and central also.
Prices certainly coming down across the board here. Some quicker then others tho….Daytonas still holding ground, but trending slightly down

Any recommendations for vintage/ neovintage shops in HK?
I’m going back with my family this autumn. I’m specifically looking for a 5 digit datejust 16234 or the one w machined bezel . TIA

[Wrist King]

There are many. There is Tse's Collection also.

The area around Holiday Inn Express on Nathan Road in Tsim Tsa Tsui has many watch shops. The 3 years of covid and no tourists killed many, so the locations and names have all changed. Worth a walk around, particularly on a cooler day.

Originally Posted by Flipmarine2k

Any recommendations for vintage/ neovintage shops in HK?
I’m going back with my family this autumn. I’m specifically looking for a 5 digit datejust 16234 or the one w machined bezel . TIA

[Skully]

Originally Posted by wilsonpepper

There are three Club Watch locations in Hong Kong, go here to see them:

https://www.clubwatchhk.com/?lang=en

Store address:

Shop 1 : Shop No.21 on 1/F of The Podium Admiralty Centre No.18 Harcourt Road Hong Kong



Shop 2 : Unit No.9 on Ground Floor Houston Centre No.63 Mody Road Kowloon Hong Kong

​

Shop 3 : Shop 89-91 1/F Metro Sham Shui Shum Shui Po Kowloon Hong Kong

​

Shop 4 : Shop 13-15, 1/F Metro Sham Shui Shum Shui Po Kowloon Hong Kong

Thanks OP. I’d like to visit HK as well.

[Flipmarine2k]

Originally Posted by Wrist King

There are many. There is Tse's Collection also.

The area around Holiday Inn Express on Nathan Road in Tsim Tsa Tsui has many watch shops. The 3 years of covid and no tourists killed many, so the locations and names have all changed. Worth a walk around, particularly on a cooler day.

Thanks for the recommendations

[alllexandru]

Originally Posted by worldofoyster

time to buy

Not yet, give it couple months more

China is on the bridge of collapse, kind off, so all these Rlx going there will start to be available in other parts of the world from AD
everyone is on hold now..

https://edition.cnn.com/2023/08/18/e...hnk/index.html