Slow down in HK... hmm. Maybe patek is immune

[WatchLurv]

Originally Posted by Fat_ninja

People forget that there’s 2 forms of supply.

1) inventory
2) new production models


Now if there is a slow down and there is inventory and Patek continues to produce the same amount. By definition the market is not as tight. At some point that inventory will need to move into the market.

I really liked seeing my 5980/1R at 200K. It's nowhere near that now.

I stand by my statement a month ago. Prices have dropped. It's notable with 5990, 5711/1R, 5980/1R.

[pam66]

Originally Posted by Fat_ninja

People forget that there’s 2 forms of supply.

1) inventory
2) new production models


Now if there is a slow down and there is inventory and Patek continues to produce the same amount. By definition the market is not as tight. At some point that inventory will need to move into the market.

there are actually two forms of supply and demand. the first one is supply/demand to/from ADs and the second is supply/demand to/from greys. supply to ADs is probably fairly constant over time, demand from ADs has strongly increased and will keep doing so. clearly supply to the greys comes from AD sales, either direct or through flippers (new or preworn). i have no clear idea of the percentage of PP sport watches being delivered to ADs that ends up at greys. if i have to take a guess i'd say 30% or so. demand from greys has gone down, particularly in Asia and the greys try to sell off their inventory.

[Fat_ninja]

Originally Posted by WatchLurv

I really liked seeing my 5980/1R at 200K. It's nowhere near that now.

I stand by my statement a month ago. Prices have dropped. It's notable with 5990, 5711/1R, 5980/1R.

Ok Richie Rich :).

[Toffeeman]

I just came back from HK. The discount at best for non sports items is 10% at best. Seems they are holding the prices.

[Fat_ninja]

Originally Posted by Toffeeman

I just came back from HK. The discount at best for non sports items is 10% at best. Seems they are holding the prices.

It’s like developers refusing to sell as the mkt weakens... eventually they have to sell.. otherwise they just keep losing money on the carrying cost

Same business model

[turborolex]

Originally Posted by Fat_ninja

It’s like developers refusing to sell as the mkt weakens... eventually they have to sell.. otherwise they just keep losing money on the carrying cost



Same business model

Absolutely spot on.

Sooner or later.....I can wait


Sent from my iPhone using Tapatalk

[qrc36]

Originally Posted by Toffeeman

I just came back from HK. The discount at best for non sports items is 10% at best. Seems they are holding the prices.

HK authorized dealers/retailers aren't (officially) allowed to give more than 10% for any model, as far as I know.

[onmyhand]

Anyone has prices of Natilus watches sold at the recent Sotheby's Hong Kong Auction?
Would those prices be reflective of the current market?

[pam66]

Originally Posted by onmyhand

Anyone has prices of Natilus watches sold at the recent Sotheby's Hong Kong Auction?
Would those prices be reflective of the current market?

5980AR sold for 111K USD, all charges included. not bad i'd say

[Keldw]

Originally Posted by onmyhand

Anyone has prices of Natilus watches sold at the recent Sotheby's Hong Kong Auction?

Would those prices be reflective of the current market?

5711 from 2008 = 76,398USD


5712 from 2007 = 82,765USD


And an 5167 from 2009 = 41,382USD



Sent from my iPhone using Tapatalk