Originally Posted by
ozzyb123
We talk a lot about pricing and demand, ignoring the final part of the equation: supply.
Does anyone know how many Hulks were sold in the UK in the last decade? If you look at Instagram you’d think they’re everywhere (partly due to the proliferation of fakes).
At the moment there are just 10 for sale on chrono24 in the UK, of which 6 are mint. The cheapest minter is £18k, two have an asking price or £20k. There are two from Watchfinder 18.5-20k. On eBay, of 22 listings, 7 are unworn examples that will fetch £18k+. That’s 34 examples of which roughly 13 (40%) are unworn, likely bought solely for investment / profit motive. That’s a huge proportion of supply locked up in safes only to be brought out to sell.
Going to put a thought out there. I think £20k from Watchfinder, or another highly reputable source, is now not totally unreasonable for a watch in such low (and now finite) supply, and high demand from beyond the WIS community. You will do extremely well to get one for £12-15k (as we could in the last few months) even for a used example.
If you’ve got one, Christmas has come early.
FYI: I have no skin in the game. Also not investment advice just my 2 pence.
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