OP Turquoise - Is this odd to anybody?

[Alpino]

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At 30k$ , just buy it ... quickly


Seen on Chrono24 today :

[Randy9999]

Originally Posted by Bxtek

People better jump on this now to get the "Tiffany" blue dial experience! 41mm, day/date complication at $149 MSRP. Wait and you will be paying $5K soon! You heard it here first. Lol!

https://www.timex.com/waterbury-lega...ew-all#start=1

Well, this certainly looks familiar.

[Ichiran]

Originally Posted by Nav01L

You’re omitting that the 5711 has been on the market since 2006. Even if they only made 1000 per year, which is a low estimate, that’s still 15k watches out there. Probably the actual number is 2-3 times higher.

In contrast, the robin egg blue OP has only been out for a year, there are probably no more than about 10k out there.

You can easily ask any Patek AD how many 5711 blue they receive annually. Most stores only receive 1 to 2 blue each annually (the biggest ones do receive 3). There are 377 Patek AD today. The rest are mathematics.

Say you want to compare "today" and Rolex suddenly stops the production of OP. I just counted the number of listing in C24 (only those with pricing). For 5711 blue, there are 54 such listings.

There are 20 listings for 126000 turquoise. For 124300 turquoise, there are 53 listings. Overall, there are 73 OP turquoise listings of the 36 and 41.

And this is only for 1 year of production. The 5711 has been on sale for 15 years.

Of course above is not the most scientific approach but it is interesting to see the listing number.

[GoingPlaces]

Originally Posted by Randy9999

Whether or not he's right or wrong, don't you think "delusional" is just a bit too personally insulting for a civilized disagreement about wristwatches?

Referring to “OP Tiffany”, “Tiffany Blue OP”, and inferring Patek copied Rolex OP is delusional thinking. These are gross inaccuracies. They don’t exist except in people minds.


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[Aquaholic_user]

I should get about $10k for mine

Sent from my balloon knot

[Chiboy]

Originally Posted by Ichiran

You can easily ask any Patek AD how many 5711 blue they receive annually. Most stores only receive 1 to 2 blue each annually (the biggest ones do receive 3). There are 377 Patek AD today. The rest are mathematics.

Say you want to compare "today" and Rolex suddenly stops the production of OP. I just counted the number of listing in C24 (only those with pricing). For 5711 blue, there are 54 such listings.

There are 20 listings for 126000 turquoise. For 124300 turquoise, there are 53 listings. Overall, there are 73 OP turquoise listings of the 36 and 41.

And this is only for 1 year of production. The 5711 has been on sale for 15 years.

Of course above is not the most scientific approach but it is interesting to see the listing number.

Trying to apply logic and mathematical quantifications of supply and demand to today's watch market is difficult. It's like trying to apply the same logic to Gamestop stock when a near bankrupt company has a valuation of TEN BILLION DOLLARS. It's social media crowd mentality at its "finest." There is zero logic.

[Benzsiam]

Originally Posted by nav01l

a nautilus has very minor hand finishing as well in terms of what you can do as hand finishing. It's a very basic watch in the realm of patek, so it's not that different from an op, each relative to what their brands otherwise do.

+1

Originally Posted by nav01l

why is it so important for the watch to be a tiffany reference, or referential to tiffany in order to be appealing. In case you missed it, enough people liked this watch before the whole tiffany nautilus story for it to be valued at around 18k, more than 3 times its msrp. The only other steel rolex with such a premium is the white daytona. Not exactly the sign of an unpopular reference. All the tiffany thing did was to propel the phenomenon. And granted, we all referenced the color as tiffany from the beginning, but i think that's allowable if the alternative is having to type out something like "robin egg turquoise" each time. It's probably not a sound assumption to believe that we all only like this watch because of tiffany (which until this nautilus thing wasn't actually that popular of a company, lvmh tried hard enough to get back out of that deal). It is just a nice distinctive reference with a genuinely appealing color which finally is a breath of fresh air in a world in which everything is a substantially similar boring shade of dark blue or irish green.

+1

Originally Posted by vgandhi01

how come 30k is not justified? Patek and ap prices are justified for some reason. In my opinion tiffany blue is a stunning watch and appeals on another level. I have seen one in person and it is gorgeous. Rolex will want to compete with patek and by limiting the pieces of op tiffany gives them an upper hand. Also, let's not forget patek copied op based on the op hype.

+1

[Ichiran]

Originally Posted by Chiboy

Trying to apply logic and mathematical quantifications of supply and demand to today's watch market is difficult. It's like trying to apply the same logic to Gamestop stock when a near bankrupt company has a valuation of TEN BILLION DOLLARS. It's social media crowd mentality at its "finest." There is zero logic.

I don't disagree with your post.
We got here because I saw a few posts relating to the OP turquoise being released in lower quantity than the 5711. Amongst the issues is we are comparing a 1-year production watch with a 15-year one. It's not an apple-to-apple comparison.

[rmlovett1]

Not saying I haven’t boarded a time or two…..but this sums up most of what’s going on ….very little logic can be applied



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[cari66ean]

Originally Posted by Chiboy

Trying to apply logic and mathematical quantifications of supply and demand to today's watch market is difficult. It's like trying to apply the same logic to Gamestop stock when a near bankrupt company has a valuation of TEN BILLION DOLLARS. It's social media crowd mentality at its "finest." There is zero logic.

The numbers do matter however, and just because we're seeing crazy numbers on c24 for the OP doesn't mean it will really sell for that. Because supply and demand does actually matter. Sure, you can put your OP on c24 for 500k. But that doesn't mean people are actually gonna buy it.

Offtopic:

Same goes for GameStop. You can believe the narrative by the mainstream media that is paid to say whatever their actual customer wants them to say, i.e. that GameStop are a "dying brick and mortar", because hedge funds thought people downloading games and Corona would kill it off. So they shorted it to death and are now bleeding cash on their shorts. So they pay MSM to bash GameStop.

Or you have an actual look at the numbers. Their revenue will end up at a conservative 6B for 2021, so a 20%+ increase over 2020 for a "near bankrupt company". Thus their 10B market cap is priced at less than twice their sales. I challenge you to look at the blue chip stocks like Amazon, Apple, Tesla and so on at what their sales to marketcap ratio is in comparison. That "near bankrupt company" also has no debt but instead assets valued at over 3.7B of which 1.4B is cash.

How come they are improving? They are already changing into an eCommerce business, opened huge fullfilment centers, do price matching with Amazon and co., increased their product porfolios to sell iPhones, TVs, toys and whatnot, hired tons of C-Level veterans from Amazon, AWS, Facebook, Apple, etc. Do you think those people would sacrifice their careers to go down with a sinking ship? No, no they must have liked what they've been offered.

[Chiboy]

Originally Posted by cari66ean

The numbers do matter however, and just because we're seeing crazy numbers on c24 for the OP doesn't mean it will really sell for that. Because supply and demand does actually matter. Sure, you can put your OP on c24 for 500k. But that doesn't mean people are actually gonna buy it.

Offtopic:

Same goes for GameStop. You can believe the narrative by the mainstream media that is paid to say whatever their actual customer wants them to say, i.e. that GameStop are a "dying brick and mortar", because hedge funds thought people downloading games and Corona would kill it off. So they shorted it to death and are now bleeding cash on their shorts. So they pay MSM to bash GameStop.

Or you have an actual look at the numbers. Their revenue will end up at a conservative 6B for 2021, so a 20%+ increase over 2020 for a "near bankrupt company". Thus their 10B market cap is priced at less than twice their sales. I challenge you to look at the blue chip stocks like Amazon, Apple, Tesla and so on at what their sales to marketcap ratio is in comparison. That "near bankrupt company" also has no debt but instead assets valued at over 3.7B of which 1.4B is cash.

How come they are improving? They are already changing into an eCommerce business, opened huge fullfilment centers, do price matching with Amazon and co., increased their product porfolios to sell iPhones, TVs, toys and whatnot, hired tons of C-Level veterans from Amazon, AWS, Facebook, Apple, etc. Do you think those people would sacrifice their careers to go down with a sinking ship? No, no they must have liked what they've been offered.

Perhaps I hit a nerve or chose a bad example. I really meant "one of those not-so-great companies who a bunch of Reddit investors decides to bid up to 10x or 100x their recent price to create a short squeeze" stocks. I don't follow Gamestop or any of these companies, but believe they were smart enough to take advantage of their stock price and sell equity and perhaps try to change their strategy given their "opportunity" that a suddenly skyrocketing stock valuation can provide.

[Cobar65]

Originally Posted by Deroya

anything over MSRP for an OP is a literal joke

Best comment I’ve read on this thread yet.


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[cari66ean]

Originally Posted by Chiboy

Perhaps I hit a nerve or chose a bad example. I really meant "one of those not-so-great companies who a bunch of Reddit investors decides to bid up to 10x or 100x their recent price to create a short squeeze" stocks. I don't follow Gamestop or any of these companies, but believe they were smart enough to take advantage of their stock price and sell equity and perhaps try to change their strategy given their "opportunity" that a suddenly skyrocketing stock valuation can provide.

Yeah I didn't want to sound negative or anything, just give some further perspective as some may not have looked any deeper into it. Same goes for those "next short squeeze" targets that are promoted. Most of those are total BS and actually promoted on Reddit and the MSM by the hedge funds themselves to a.) divert attention from the positions that really hurt them and b.) capitalize on those fools that actually fall for these pump and dumps. It's really fucked up and not very transparent to people that don't dig very deep into things. But it's e.g. clearly visible if you dig deeper into who controls those next "short squeeze targets" or see that the hedge funds are mostly net long not short, etc.

But sorry for the offtopic. Did I mention that this is on my wrist since 2 days already?

[Nav01L]

Well looks like folks are indeed buying them.

[zengineer]

Originally Posted by vgandhi01

How come 30k is not justified? Patek and AP prices are justified for some reason. In my opinion Tiffany blue is a stunning watch and appeals on another level. I have seen one in person and it is gorgeous. Rolex will want to compete with Patek and by limiting the pieces of OP Tiffany gives them an upper hand. Also, let's not forget Patek copied OP based on the OP hype.

Maybe because it is a $6000 watch with a different color dial.

It isn't Tiffany and history will not see it that way...and Rolex is not Patek.

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