ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX
8 September 2019, 10:53 AM | #1 |
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The Feeding Frenzy Is Over for Skittish Collectors
This is an article about classic cars, but could equally apply to vintage watches...
https://www.bloomberg.com/news/artic...ish-collectors |
8 September 2019, 11:07 AM | #2 | |
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8 September 2019, 11:40 AM | #3 |
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Perhaps there's finally a shift towards buying the cars (or watches) one actually likes rather than what's supposedly a future investment.
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8 September 2019, 12:42 PM | #4 |
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Been saying it for years, stock up on 4 digit DateJusts. :)
1968 1603 1969 600 1967 1601 Mickey Mouse 1969 1603 1968 1625 |
8 September 2019, 01:14 PM | #5 | |
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The Feeding Frenzy Is Over for Skittish Collectors
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4 digits are the best. But now we can’t get parts. This has been mentioned in multiple threads, but it’s more serious than I first thought. Rolex had already pulled parts accounts from Independents. But now even very large Rolex ADs with full service watchmakers are unable to have orders filled for 4 digit parts. I’m talking the dealers that recently had to buy entire full line refinishing equipment to stay in line w Rolex. Done. Game over. Sent from my iPhone using Tapatalk |
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8 September 2019, 02:01 PM | #6 |
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I know Christies offers regular auctions of routine modern and vintage watches and sometimes gets a stellar one in their catalog.
But the watch auction market isn’t a hot one like car auctions with many companies vying to put important lots into the catalog. The article was giving a perspective in values that rose after the recession had cratered prices. It’s not surprising that an overheated market is now cooling a bit - especially in the top price bracket above $1Million. How does this apply to vintage watches? Not sure because I haven’t seen it cooling off... Sent from my iPhone using Tapatalk Pro
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8 September 2019, 02:02 PM | #7 | |
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8 September 2019, 03:20 PM | #8 |
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The latest Bonhams and Watches of Knightsbridge auctions had quite poor results with many lots unsold. Apparently a lot of the watches had "done the rounds" so collectors are definitely becoming more picky.
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8 September 2019, 04:21 PM | #9 |
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The watch market is also getting slow. At least for bigger pieces. It’s not shocking to see a reaction after prices have moved up for so long. It will be interesting to see if people who have ”invested” sit tight or if they panic if/when prices move down.
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9 September 2019, 03:35 AM | #10 |
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watches are easier to store than cars.......
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9 September 2019, 03:49 AM | #11 |
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9 September 2019, 03:58 AM | #12 | |
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9 September 2019, 04:12 AM | #13 |
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Watches in general are waaaay cheaper to service as well...
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9 September 2019, 04:43 PM | #14 |
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10 September 2019, 07:14 AM | #15 |
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Rolex is definitely making changes on how watches are to be serviced. One must hope to find a certified Rolex independent watchmaker who was smart enough to maintain a large inventory of vintage parts. I am sure there are quite a few who do work for reputable jewelry stores that carry/sell preowned Rolex's. May have to do a little shopping around, but there are parts still available. Good luck
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10 September 2019, 07:45 AM | #16 | |
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