jmpTT
732
I wouldn't at this time...
Jan 16, 2020,07:22 AM
Too much of the urge today may be driven by the Nautilus craze that has completely overtaken the collecting community and spread across international financial centres. The Nautilus remains the watch to own, if you want to show the world "you've made it", but as a watch collector, you can use other reasons to pursue ownership of a particular watch.
It might hurt to wait, but in the era of social media, where exposure can be overwhelming, the Nautilus can't remain the "you've made it" watch for much longer. The podcasters on Hodinkee are beginning to vocally voice their fatigue with the trend, which is a sign that the watch market is not far behind.
The market on Genta watches should be softening soon and you'll be able to slice that $30k down to something like $20k or maybe $15k. If you don't need a running seconds, the Royal Oak 15202 remains the only watch that has been *hot* across multiple generations and to me it's the luxury Genta that will retain its intrinsic value when the herd moves on from steel sport watches. You should still wait, as the 15202 is $60k right now. It wasn't long ago it was $20k and one day it will return to $30-$35k.
Once you get the bug, it's unlikely you'll be able to sit on the Royal Oak. I'd consider sitting on it though and budge off it only for a Patek dress watch, most of which are not frenzy priced.