I remember trying on the hulk about 3 years ago at an AD and not fancying it at RRP so certainly wouldn't consider it at those crazy prices.
Well not quite, they start at £12k in the Uk and there is 60 odd listed but we know they won’t all be readily available. Most buyers won’t fancy an international deal or the additional vat. I’d like to pick one up and don’t seem them dropping anytime soon unfortunately.
I remember trying on the hulk about 3 years ago at an AD and not fancying it at RRP so certainly wouldn't consider it at those crazy prices.
Saw this today...2019 BLNR....box papers so assume overseas AD supplied ( UK dealers keep warranty cards for a year?).
Only a damn fool would pay this price. Some buyers simply lack patience and their money burns a big hole in their Ralph Lauren chinos....
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>> Originally Posted by reggie747
>> Who is Federico?
I've been following Federico and John P from the beginning. They got themselves a top accredited watch repairer and started selling second hand watches at fair prices. At one point I was going to post on TZ-UK about an IWC Mk XII with a JLC mov they had for $3K but I couldn't be bothered...too much trouble. Anyway, from five thousand dollars to 4 million in two years... they must know something worth listening to.
Delray Watch yearly sales rocket towards $4 million within two years
https://usa.watchpro.com/delray-watc...ide-two-years/
Last edited by abraxas; 6th November 2019 at 12:28.
We might need to wait a little longer, but I see one final ridiculous price spike then panic selling.
Watchfinder have 1100+ Rolex ranging from £2k to £200k. So ball-park average valuation of £10k per watch? = £11 million
When it blows, it'll be messy.
I recently visited a few dealers and they were mentioning prices have come down in general and as much as 15% on some models. As the saying goes....... "what goes up must come down"
This was in particular with rolex and PP. They never really mentioned AP.
A price correction is a far better proposition than a price crash.
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A local independent dealer has just listed a uk supplied lnib batman at 11700 or so
A bit cheaper than 6 months ago?
I think so
Prices been falling last few months not just on them the new one is dropping seen some new unworn for Under £13k on Ebay which must have an effect of the older version
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Hopefully they keep dropping so I can get a nice new watch to wear wishful thinking
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Yes I agree ,but some may suggest that without being sold here with duty paid and proven it may cause difficulties down the line, when travelling perhaps?
I hasten to add that I’m certainly no expert (and may well be wrong )but for me ,a less than 1% premium for a uk supplied watch with a years warranty is a no brainer.
Ps not looking to scupper anyone’s sale- the fundraiser is on for a very hefty contribution if the Sc one sells so it’s all good.
I think the natural slowing will take place.You can't keep upping the price you eventually hit a price ceiling.Christmas around the corner will still see favourable prices due to the season/bonuses etc
I just located this "mint condition" Batman at Luxury of Watches in Los Angeles for $11,995.00 (£9,333.00). They maintain an A+ rating with the Better Business Bureau ("BBB"), which is the Gold Standard here in the States.
https://www.luxuryofwatches.com/role...iABEgIHwvD_BwE
No papers though and 18k for the one that's a full set.
It's just a matter of time...
I don't see how prices could crash when there is a sleeping section of the market waiting to start buying again as soon as prices come down a little.
It’s coming up for Christmas people always spend on other things this time of year. I think prices will drop off, but not that much. Neither the likes of Rolex or Patek need to up production to sell their watches, they are both very financially stable and in the case of Rolex could sell nothing for 50 years and still cover all their current costs. So thinking this is going to change it’s not. Watches are now seen globally as the must have fashion item and unless that changes, things with prices may fluctuate a little, bit not significantly.
Rolex have been undervalued for years and now they have been brought to the level where they should be. Prices may now be sticky and a slight readjustment may or may not occur but if you waiting for prices to drop a few grand, it ain't going to happen. Most people will just sit on them for a few years if necessary and wait for the next upward climb. Those that already got them will hang onto them and those without are either going to have to stump up or go without.
What is the point of selling a Rolex and putting the money in the bank just to earn 1% pa. The best way to make money over the long term is to buy property, equities, fine art such as Rolex / PP.
You mean 15% off their peak not 15% of their peak. (That would be 85% off.)
Bubbles don't usually burst slowly.When prices start to fall people don't buy, they wait to buy cheaper.
"Rolex have been undervalued for years". Depends what you mean by "value". They make nearly a million watches a year. At a cost of, what? Not more than a thousand pounds each.
"The best way to make money over the long term is to buy property, equities, fine art such as Rolex / PP."
Property, maybe. People need to live somewhere? But Veblen products? The Emperors's new clothes.