FabR[Senior Patek Moderator]
26166
Agree, this has reached levels that are almost as insane as they are disgusting, and probably not only in HK...
May 07, 2019,02:33 AM
The function of a watch to tell the time is perhaps long gone, but now we really seem to have reached a point that only a minority of the people into high-end watches view them as art rather than stocks. Not good!😇
And incidentally, did a grey dealer really have a 6300 on display?? I don’t want to know the money they were trying to make on a Patek with a USD 2.3 million MSRP...nor the name of the guy who flipped it!😉
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Watches no longer tell time
By: Watches4ever : May 7th, 2019-01:27
or Date, They are nowadays an instrument to make money, this is what's happening to Rolex and Patek Philippe in Hong Kong. I can't speak for other countries because I reside in HK and I have noticed this trend over the last year or two, that people are sw...
I’m with you on this...
By: Cpt Scarlet : May 7th, 2019-02:09
Personally I enjoy wearing rare watches in daily life. It doesn't mean that I don’t care about them, it’s just that I don’t get hung up about values. People banging on about values just spoil the pleasure.
Absolutely...
By: Cpt Scarlet : May 7th, 2019-02:14
Let’s just enjoy our collections
Same
By: Jurry : May 7th, 2019-02:14
I’ve encountered similar twice on two different visits to Hong Kong Must say I’ve not observed this phenomenon in Dubai Not saying it’s not happening here just saying I haven’t seen it (could be better hidden)
Yes...
By: Watches4ever : May 7th, 2019-02:40
So long no need to wait, they will sell
Everywhere is the same I think
By: 中野れい : May 7th, 2019-06:36
It's unfortunate for real watch lovers without deep pockets but those even with deep pockets, it's still unfortunate IMHO For flippers/those in it only to make money (''I am a watch enthusiast just like you'' but has no watch at all except inventories), w...
I've noticed the same.
By: Overwound : May 7th, 2019-07:35
When I started participating on watch forums in the late 1990's the talk was different. Back then it was mostly the true fans who spoke more of the technical side of our hobby. Now it's a race to get popular models at all cost just to say you have it. Som...
To inject a little good news into this discussion...
By: halgedahl : May 7th, 2019-09:14
I know two ADs in Minnesota (just north of where I'm perched in Iowa) that would NEVER charge a premium on top of Rolex's set msrp. I've discussed this with both, and both agree that there's just no sense in gouging enthusiasts. The watches are expensive ...
I can’t help but agree with this.
By: rob102 : May 9th, 2019-20:15
And in a way, it’s dismaying that it’s the same everywhere I’ve been to as well. In Manila, Singapore, and even Japan I’ve walked into Rolex and Patek ADs with literally no stock of anything in steel... Yet somehow all the grey dealers in the same area ha...
Just don't buy them
By: nwk00 : May 9th, 2019-22:12
This bubble is driven by fads and fads don't last forever. We are here for the long haul. In a few years when the bubble bursts, we can pick them up for more reasonable pricing. There are so many watches in the market now I don't understand why everyone i...