Market at a top

[Fat_ninja]

Originally Posted by martinr

I’m glad you didn’t take my comment the wrong way but retail is what it is, paying four times over is insanity in my opinion. In fact, I try and buy at retail less whatever discount I can wrangle out of my AD even if it’s only picking up the sales tax. I’m not sure we’re all buying these watches to show off though, I really do appreciate the quality and workmanship, if I really wanted to show off I’d buy an RM, then I’d give it to my daughter and post pictures of it looking huge on her skinny wrist.

I can’t hear you...this comment is useless without pictures...



To be fair...RM’s look big on everyone’s wrist...
Btw don’t forget about the 11




Lol


...And now...I am ready for a full day of free food

[bonsai-man]

Originally Posted by Fat_ninja

I can’t hear you...this comment is useless without pictures...



To be fair...RM’s look big on everyone’s wrist...
Btw don’t forget about the 11




Lol


...And now...I am ready for a full day of free food

I can arrange free food for you, but only if you bring that gorgeous RM.

[Sam Philip]

Originally Posted by Fat_ninja

I can’t hear you...this comment is useless without pictures...



To be fair...RM’s look big on everyone’s wrist...
Btw don’t forget about the 11




Lol


...And now...I am ready for a full day of free food

Does your food belongs to David (Danestaff)?

[Fat_ninja]

Originally Posted by Sam Philip

Does your food belongs to David (Danestaff)?

Nope

Lunch at Wild Ink @ Hudson Yards NYC










I still have dinner to go to in Meat packing district

:). I enjoy my ass kissed.

[Fat_ninja]

Originally Posted by bonsai-man

I can arrange free food for you, but only if you bring that gorgeous RM.

I share the RM with her for now... until they decide to sell me what I want

[ap1]

Originally Posted by Fat_ninja

I can’t hear you...this comment is useless without pictures...



To be fair...RM’s look big on everyone’s wrist...
Btw don’t forget about the 11




Lol


...And now...I am ready for a full day of free food

You should have hodinkee do an article on how a 9 yr old amassed the sickest watch collection ever.
Leave out the eating dogs part though

[Fat_ninja]

Originally Posted by ap1

You should have hodinkee do an article on how a 9 yr old amassed the sickest watch collection ever.

I like the anonymity... don’t want the title to be “the ASS next door”

[Fat_ninja]

And here’s my dinner at Catch @ NYC in Meat Packing with a bunch of friends including my boi Umichi

[Bearxj86]

Oh my, looks so good!

Originally Posted by Fat_ninja

And here’s my dinner at Catch @ NYC in Meat Packing with a bunch of friends including my boi Umichi

[Ichiran]

Somewhat relevant to this topic - I think HK is a good place to buy your popular aqualus and SS rolex now (or give it another 1 to 3 months). The mainlanders have decreased spending significantly and HK has too many ADs without the support of the chinese Renminbi.

The time is now, if you regularly visit HK that is.

[WatchLurv]

Just because the market tanks and goes kaboom and everyone becomes poor with no access to immediate cash...It still won't change Patek's supply. You may just get a few more people who will skip the 5711/1A when the AD calls up, but there's sure as heck many on that list who will be able to afford it and say yes. In case of the mentioned scenario a small correction would happen on first-hand piece and a little bigger correction on second hand pieces.
You think Stern will flood the market and tell ADs they can now offer 10,20,30% discount on Nauts and Aquas? That's laughable.

[321Forever]

Originally Posted by WatchLurv

Just because the market tanks and goes kaboom and everyone becomes poor with no access to immediate cash...It still won't change Patek's supply. You may just get a few more people who will skip the 5711/1A when the AD calls up, but there's sure as heck many on that list who will be able to afford it and say yes. In case of the mentioned scenario a small correction would happen on first-hand piece and a little bigger correction on second hand pieces.
You think Stern will flood the market and tell ADs they can now offer 10,20,30% discount on Nauts and Aquas? That's laughable.

Well said. Looking at my watch purchases, the only ones to really gain value are a 16710, 5167, and the first Omega Speedy Tuesday. Patek 5227: biggest loss. IWC: loss. Lange: flat. Panerai: loss. Maybe it is the curse of Richemont.

I like the Feedback on Hodinkee that said that Patek can use the steel watches as a motivator to sell its slower selling gold and dressy pieces. “Buying the relationship.” Reminds me of Ferrari a bit...not that I have one.

[crazymcmichael]

Originally Posted by Calatrava r

With all the trade uncertainties and interest rate cuts around the world, I believe we may be seeing a top on the secondary market on SS sports. I do not believe folks will go much higher than current levels to buy the watches. I am not saying we will see an immediate correction but we are near or at the top which ultimately triggers a correction as more people sell once they see the prices leveling.

I agree bubble will burst soon)

[Calatrava r]

Originally Posted by jakemeister

Well said. Looking at my watch purchases, the only ones to really gain value are a 16710, 5167, and the first Omega Speedy Tuesday. Patek 5227: biggest loss. IWC: loss. Lange: flat. Panerai: loss. Maybe it is the curse of Richemont.

I like the Feedback on Hodinkee that said that Patek can use the steel watches as a motivator to sell its slower selling gold and dressy pieces. “Buying the relationship.” Reminds me of Ferrari a bit...not that I have one.

Retained value on a watch is totally determined by demand. Most are the conglomerate companies' watches are not collected by anyone as such loss substantial value in the aftermarket. There is little or no intrinsic value in a used watch. Cost of goods and manufacture on a watch is a very small amount compared to its wholesale cost to ADs. Wasn't it Richemond that took back millions of dollars of unsold new watches from dealers and simply destroyed them savaging what they could for parts. So much for prized possessions

[Commonproject]

Originally Posted by WatchLurv

Just because the market tanks and goes kaboom and everyone becomes poor with no access to immediate cash...It still won't change Patek's supply. You may just get a few more people who will skip the 5711/1A when the AD calls up, but there's sure as heck many on that list who will be able to afford it and say yes. In case of the mentioned scenario a small correction would happen on first-hand piece and a little bigger correction on second hand pieces.
You think Stern will flood the market and tell ADs they can now offer 10,20,30% discount on Nauts and Aquas? That's laughable.

Doubt anyone would skip the AD call for 5711, it's the secondary grey market where people are now willing to pay less of a premium to retail

[MadSpaniard]

Originally Posted by Fat_ninja

I can’t hear you...this comment is useless without pictures...

To be fair...RM’s look big on everyone’s wrist...
Btw don’t forget about the 11

Lol

...And now...I am ready for a full day of free food

@Fat_ninja, I've got to hand it to you, you're a lucky man indeed, having the means to fund an RM and 5711 on your young daughter's wrist, and doing it with humor and lightheartedness, a sincere tip of the hat to you and yours.

[Fat_ninja]

Originally Posted by MadSpaniard

@Fat_ninja, I've got to hand it to you, you're a lucky man indeed, having the means to fund an RM and 5711 on your young daughter's wrist, and doing it with humor and lightheartedness, a sincere tip of the hat to you and yours.

Thank you :)


Can’t take the money to the grave... why not enjoy it with the fam....create some memories.

[MadSpaniard]

Originally Posted by Fat_ninja

Thank you :)

Can’t take the money to the grave... why not enjoy it with the fam....create some memories.

Or in the inimitable wisdom of Rocky Balboa: "Do you like having a good time? Then you need a good watch!" Cheers :-).

[RUpanerai]

The madness needs to stop at one point and I do believe you are correct.

[bonsai-man]

Hey ninja, was that food as good as it looks

[Fat_ninja]

Originally Posted by bonsai-man

Hey ninja, was that food as good as it looks

Yes it was Bonsai. Yes it was

[SMD]

I will happily trade my 5711 blue for a 5170p if anyone is listening.....

[GB-man]

Originally Posted by SMD

I will happily trade my 5711 blue for a 5170p if anyone is listening.....

A few months ago you probably could have been close if you sold the 5711 yourself.

I was very close to pulling the trigger today on a 5170P but it meant I’d have to sell some stuff I’m not ready to sell.