Girard-Perregaux: Scalper Market Activity

T.S. · 2022-03-17T07:31:00Z

Explore the Girard Perregaux Casquette's secondary market surge, collector reactions to 'scalping,' and insights into its value and design. A must-read for GP enthusiasts.

T.S.'s original post on the Girard Perregaux forum ignited a passionate discussion about the immediate secondary market surge for the newly released Casquette. This article synthesizes the community's varied perspectives on 'scalping,' market value, and the unique appeal of this modern quartz timepiece. It offers insights into collector behavior and the broader luxury watch market dynamics that continue to shape the industry.

I have read in this forum that many of you enjoyed the new release of GP, well scalpers did enjoy it as well !

I sincerly hope no purist will buy from the secondary market so soon.

I do understand on the other hand the confidence it gives to true owners about the watch value but this scalping practice is really annoying.

Just ranting here…

Have a good day guys !

Key Points from the Discussion

The secondary market price for the Casquette initially saw a significant premium, with some collectors willing to pay double the retail price, though prices later adjusted, still maintaining a premium above MSRP.
The Casquette's retail price of 4500 for a manufacture quartz watch with titanium and ceramic is considered a reasonable deal, especially when compared to other high-end quartz offerings like certain Patek Philippe or F.P. Journe models.
A key point of discussion is the Casquette's short display time, with calls for a firmware update from GP to extend the duration of the time display, which is currently a common complaint.
Some collectors advocate for ignoring speculators entirely to prevent their strategies from succeeding, emphasizing that collective action is necessary to curb inflated secondary market prices.
For those experiencing FOMO, the Bulova Computron is suggested as an alternative, offering a similar concept and historical connection at a more accessible price point.
One collector recounted nearly purchasing a Casquette on the secondary market but opted against it due to an incorrect instruction booklet, highlighting the importance of thorough inspection even for 'new' pieces.

The Discussion

sc16

Mar 17, 2022

There is no watch value.... you can nowadays slap on any price you want, if that makes you happy. Nothing to do with supply and demand anymore

JakubM

Mar 17, 2022

In case anyone has FOMO, I would recommend Bulova Computron released some time back which is basically same concept with same history. wornandwound.com I really like this recent edition with open case.

hoseachandra

Mar 17, 2022

Make me sick. Especially when i see Rolex pricing on secondary market. Even the GP Laureato which i happen to like so much, is getting ridiculous with the grey market price. A steel 42 mm Laureato chronograph non limited edition now fetch USD 24K, whereas a few months ago can be had for USD 14K.

enjoythemusic

Mar 17, 2022

Plus the innovative two-type display means you do not need to press any buttons to see it during the day/light. i just hope GP can update their firmware for the 'three-second rule' for the display. There's been complaints of the very, very short display time on the GP. A firmware update by GP should solve that problem.

christianch

Mar 17, 2022

I would be surprised to know that the make it in Switzerland with a lower price.

enjoythemusic

Mar 17, 2022

The Hamilton dual display is amazing! Have you seen it? Works really great and the battery has a very good lifespan too.

Key Points from the Discussion

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