galt
150
It really isn't strange at all in my opinon
These are a few examples and probably exaggerated ones at that. Of all the different watch models produced each year 99.9% of them sell below MSRP the moment they leave the store and frequently even before they leave the store.
At the end of the day, the MSRP is a guess of the right price given the manufacturers intended supply combined with how they want to position their product from a marketing point of view. Periods of time in any product where the demand outstrips supply either by chance or on purpose are not exclusive to watches and in occur in luxury goods of many types. However, where they occur, they are typically the vast minority of products on offer. For example limited edition Ferrari models that sell well in excess of MSRP against a backdrop of other models that sell way below MSRP in the secondary market (for example compare F12 or La Ferrari vs the GT4 Lusso).
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Market is supposed to be efficient but I can figure out how it could be possible
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Just look at the stock market...bull for 10 years 😱
Too much money and Consumers having a good time with jobs and extra money to spend...also I noticed more household have double income...that’s also explains why brands are focusing and targeting women watches. I do agree it’s very crazy but I have 3 of th...
lucky you my friend
the good point is one buddy with enough relation could earn $40k with " only " $10k. Bernard Madoff is a newbie
Curious
I am guessing it is only a handful of models that commend such premiums. Within the industry as a whole that might be the equivalent of a few stocks going up in a bear market. A recent article in another publication reported that Swiss watch makers and re...
Retail price are in a bull market where the buyers are turning bearish? Where does demand and offer are supposed to meet?
Clearly less in France. But I don’t want to focus the discussion only on France.
This post …
Is not about connoisseurship, ownership and collecting and is price and values. As such I don’t think that it in the spirit of the Purists.
I have the feeling of all the prices are increasing. I really do appreciate JLC, I started collecting some in 2010. For the same amount back in those days I could have a pretty decent watch with a nice complication, now I can have a " simple" 3 hands.
I'm now appreciate vintage Rolex, look at the price? The 16710 is now between 2 and 3 time more than the last MSRP. BTW, what's the spirit of the Purist? Our fellow Raymond who own 3 out 6 is not a Purist?
We were talkin grey mkt prices. I dont think those have gone anywhere or are that farout of reach for other models. That said Luxury mkt MSRPs have kept pace with other asset classes...
.... while the cost of money has halved and halfed. A SB condo in my neighborhood that was 500k in 2010, 750k in 2013 is now 1.2M and that aint even 'luxury'. Afterall Luxury is when you don't care to ask what the price is. There is some sizeable debt bui...
It really isn't strange at all in my opinon
These are a few examples and probably exaggerated ones at that. Of all the different watch models produced each year 99.9% of them sell below MSRP the moment they leave the store and frequently even before they leave the store. At the end of the day, the ...
Unfortunately pice has become a huge impediment and has taken a lot of the fun out of collecting.
As an example, I don’t recall the last time a member posted a newly acquired vintage Rolex that would be considered highly collectible. I mean something like a 6263, DRSD, a gilt dial reference, or even a red Sub. It seems to me that the prices have turne...
Four out of 6
not interesting to me ,or to be entirely honest 5,as for the 6th i think i need to wait 12months but not really care. The OP has right prices are inflated but all the assets are blown up bubbles ,let s wait until bubble bursts.
These examples are all from independent brands, coincidence?
I think not. Prices on Swatchgroup and Richemont brands generally go the more typical, and opposite, way.
I guess I'm fortunate
Aside from the Royal Oak (and I already own one), none of the watches on that list interest me at all. But as others have said, that list represents but a tiny fraction of the watches available in the marketplace and most do not sell at such inflated pric...
For some my upcoming speech will be put me on the side of non-100% watch aficionados
But I'm a huge fan of JLC but this particular brand didn't stop to increase price over the past year. I have owned 7 which is quite a number for me considering my young age. I start to loosing confidence with the new price policy and the fact that I wasn’...
I haven't tracked JLC list prices
So I wasn't aware that they increased them this year. On the flip side, they lowered them a couple of years ago - not long after I'd purchased a couple at the previous, higher prices. That didn't make me all that happy, but I figure I wore them and enjoye...
First off the Mille should not be on that list it's simply in a different league.
The question I ask myself is how do watches that are in current production with 200-300 available online command such premiums. It reminds me of the Pappy Van Winkle Bourbon and iPhone craze of years ago. People would camp out at Apple stores for days wai...
I wonder...
How many times is a 5711 bought and sold among dealers before it gets to the final customer? Is this what’s driving up the price? Either way I would not pay over list price for any of them but I would not begrudge anyone if they did.
Supply and demand.
With the exception of a small group of ardent collectors like us, this is essentially a luxury jewelry market as there is no practical need for a mechanical watch. And for the 6 pieces under discussion, there’s certainly speculative trading, but also a lo...
I’m impressionable.
Many of the fine watches I own, I learned of them on these forums or elsewhere on the Internet. So thank you. But when FOMO hits, I turn my thoughts equally wonderful, less beloved watches. For the record, I love the Royal Oak Jumbo. The others I like and...
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Yes..
Supply and demand...but what fuels demand is...perception. Not the perception of the wearer but the perception of others. They are status symbols. They are watches the wearer wants people to see them wearing. Better than all other watches (excluding maybe...
The sad thing in all of this is
Now when I see someone post one of these pieces, I mostly assume they own them for reasons not born from passion. Of course, many here and elsewhere were owners before the bubblicious prices, but all the hype and ego that is driving others to these partic...
Appreciation
I buy things because I like them. I must like them intrinsically but it also helps if I can identify with the brand ethos. Of course appreciation on a watches value doesn’t affect my lifestyle but as I am a professional investor I can’t always say the sam...
Difficult for these prices to fall much, if at all. Unless there are sufficient supplies. I am not just talking about the watch companies supplying more, but also
how these watches are distributed. I have heard rumours that some AD's are stockpiling and waiting for the right time to release at maximum premiums. So it is no wonder that these watches are very hard to get and prices continue to rise because this.
My AD told me he can’t do this or even tried because Rolex has a constant information about his stocks
and won’t deliver for example à Daytona if the previous hasn’t been sold.
That should be the process, but I do not think that's true in all cases. Also it is not meant to be allowed for AD's to sell above the msrp, I knowthey do.
My other theory is that rather than selling at msrp to VIP customers, a portion of watches are sold to grey market dealers. That is why there are so many brand new sought after watches available, not from AD's but from these guys. Just look at how many ar...
Prices have mainly increased over the last year
I do think there's too much cash on the market right now, and as the stock market stalled, people went for collectibles (watches, cars), but it wont last. Just wait a few months and when people who bought a Nautilus for 50k wont be able to sell it at a pr...
These are only a few references
Out of thousands that are released each year. People will gravitate towards certain watches. Currently the trend heavily favours steel sport watches, maybe in 10 years it will be something else/