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The Watch Appreciation Thread (Reviews and Photos of Men's Timepieces by Rolex, Patek Philippe, Breitling, JLC etc...) - Page 1709  

post #25621 of 48312
Quote:
Originally Posted by Geruvah View Post

SevenFriday

 

Geruva, was this at the SevenFriday event last night?

post #25622 of 48312
So I saw this watch yesterday, and I thought I would post it here. What do y'all feel about it? Personally, although I cannot stand the "since 1738" branding (Citizen purchased A&S ~2 years ago), I really like the direction that A&S is going. I think that the finishing could be improved upon significantly--particularly the anglage, which looks machine applied--but the movements they are coming out with are really quite impressive.





On a similar tangent, I find it astounding how fast they are coming up with new movements. Within the last year, they have come up with the Ultra Thin Tourbillon above, the Time Period:



The Metiers de Art watch:



The HM Perpetual Moon:



And the Sidereal Time watch:



Citizen is pumping a whole lot of money into A&S, for them to develop five new movements within the last year. Or at least to have released these five movements. Not sure what my thoughts are on it yet, but it is interesting.
post #25623 of 48312
Quote:
Originally Posted by no frills View Post

Geruva, was this at the SevenFriday event last night?

It was, indeed.
post #25624 of 48312
post #25625 of 48312
Hey, guys. Question for ya'll. In the past I would list steel Submariners on eBay for 4995 and they would sell within minutes. Literally. As of late though, they have not been selling at that price, and even at 4795 I am getting no bids. Pristine condition, late model, full box and papers.

We spoke to a watch guy in Florida that we do a lot of business with about it, and he said that he had noticed the same. He said he believes that with the uptick in interest, particularly in Asia, in PP and ALS and what not, that a lot of the people who used to buy Rolexes now view them as peasant watches, and it has depressed the market.

Anyone here have similar experiences? Any thoughts on the matter?
post #25626 of 48312
You know, I have read something to that effect on TRF. Those guys have noticed that the used Rolex market has dropped substantially over the past few months. Of course, this is 100% anecdotal, but following some of the posts on that forum since around June or July, I have noticed a thread every week or so that has noted this shift. I do not know if I would chalk it up to any particular reason, I think it is more likely a combination of many factors:

  • "Asian" markets drying up (probably the #1 reason--and drying up is of course relative);
  • Summer / fall doldrums, I feel like things are always slower before Christmas;
  • Supply / demand--when you are pumping out close to a million watches a year, supply will inevitably catch up with demand (really have no empirical evidence on this);

And just generally, and this is just my own personal theory, I feel like the "watch renaissance" has really reached a new peak. Just a general observation, it will only be a matter of time before watches become more less trendy. Further, with the information available on the interwebz, I really do think that many buyers are not just walking into their local jewelry store and picking up the first thing that catches their eye.

Once again, this is all just guesswork.
post #25627 of 48312

Yes: I need to make more money, then I will buy it and in doing so correct the buyer shortage by one unit.  I also now know to offer $4500.  Thank you.  

 

Any suggestions for a rapid boost to my business/income over the next few weeks would be welcome, and now I see, mutually beneficial.

post #25628 of 48312
Cool thoughts, newC, thanks for the reply. I would 100% agree to the lull before the holidays having to do with it. I have always found that September/October and early November are slow selling months as people know they have a lot of shopping to do coming up.

As to your last paragraph, thats an interesting idea. I guess only time will tell.
post #25629 of 48312
Quote:
Originally Posted by Newcomer View Post

Warning: Spoiler! (Click to show)
You know, I have read something to that effect on TRF. Those guys have noticed that the used Rolex market has dropped substantially over the past few months. Of course, this is 100% anecdotal, but following some of the posts on that forum since around June or July, I have noticed a thread every week or so that has noted this shift. I do not know if I would chalk it up to any particular reason, I think it is more likely a combination of many factors:

  • "Asian" markets drying up (probably the #1 reason--and drying up is of course relative);
  • Summer / fall doldrums, I feel like things are always slower before Christmas;
  • Supply / demand--when you are pumping out close to a million watches a year, supply will inevitably catch up with demand (really have no empirical evidence on this);

And just generally, and this is just my own personal theory, I feel like the "watch renaissance" has really reached a new peak. Just a general observation, it will only be a matter of time before watches become more less trendy. Further, with the information available on the interwebz, I really do think that many buyers are not just walking into their local jewelry store and picking up the first thing that catches their eye.

Once again, this is all just guesswork.

As an incredibly passive observer, I've noted a similar trend. I first started getting real interest in buying an Explorer I about 3 years ago, only to see prices steadily climb since then. About a year ago I made the decision to hold off on any watch purchase for a couple of years to see how things shake out. At least for me, I hope that these trends continue. However, if the Rolex downswing does continue, it makes for an easier decision in the Rolex vs. IWC tussle (which is my current internal debate).
post #25630 of 48312
Quote:
Originally Posted by bourbonbasted View Post


As an incredibly passive observer, I've noted a similar trend. I first started getting real interest in buying an Explorer I about 3 years ago, only to see prices steadily climb since then. About a year ago I made the decision to hold off on any watch purchase for a couple of years to see how things shake out. At least for me, I hope that these trends continue. However, if the Rolex downswing does continue, it makes for an easier decision in the Rolex vs. IWC tussle (which is my current internal debate).

 

What's the price range you saw on the Explorer 1 over that period of time? 

post #25631 of 48312
I'll be the first to admit that I haven't been watching that closely. Especially over the past year or so, I've put purchasing a watch on the back burner. I'm at a time in my life where I have the opportunity to save a lot of money, and I see that as the most prudent path. That said, when I was looking about 6 months ago, things seemed to be hovering between $3.5k and $4k. However, I can remember a time a couple of years ago or so where $4k was a deal.
post #25632 of 48312
lolsavingmoneywhodoesthatanymore
post #25633 of 48312
So, just snapped a couple pics of the work get-up. I need to work on my technique, Frills makes me shog[1].gif



post #25634 of 48312
lovely up north and down south. uhoh.gif
post #25635 of 48312
Quote:
Originally Posted by in stitches View Post

#lolsavingmoneywhodoesthatanymore

Fixed that for you.
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