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The Watch Appreciation Thread (Reviews and Photos of Men's Timepieces by Rolex, Patek Philippe, Breitling, JLC etc...) - Page 2661post #39901 of 483121/17/15 at 7:32ampost #39902 of 483121/17/15 at 9:49amQuote:Originally Posted by Belligero
I'm not looking to trade, though: I'm looking to convert cash from the weakened Norwegian Kroner into Swiss Rolex before they adjust the local prices to account for the recent devaluation, then sell for €, £ or $. Right now Norway is one of the cheapest countries in the world to buy Rolex, and it shows because dealers across the country are now sold out of popular (i.e. sports) models.
Platinum is more of a gamble than steel and harder to move, but if I can get a favourable price on a 116506 then it could be worth a punt in addition to the stainless ones I've picked up earlier this week.
Here's what the NOK is doing:
Essentially, I'm converting at a rate from earlier in the year due to the unadjusted pricing, so it's a bit like having a time machine. No way to know which the NOK will go in the future, but Rolex is a historically stable currency that I don't consider particularly risky, and there's a potential upside if the kroner continues to fall. Right now the oil industry is getting a bit slaughtered due to low oil prices (job cuts, projects cancelled, contractors essentially wiped out in some companies) so it'll be interesting times. If it gets really bad, I might just say "fuggit" and move someplace warm and cheap for a while. The dudes with loans on expensive cars and depreciating BS like that are stressing, though. :P
Speaking of currencies, check out what the Swiss Franc has done recently. Hayward's link two posts up is very relevant to my little money-speculation project.
The CHF is now delimited from the Euro, and I think that it will have significant effects on the watch industry. My gut tells me that it's a good time to buy, but it could have the effect of bursting the bubble that SJX was referring to:
We'll see what happens.
This issue has been deemed serious enough and relevant locally to appear on the second page of the local broadsheet. Sjx was also given a shoutout.
Looks like prices are set to rise 10-15% in the next couple of months - dealers say once current stocks are depleted new ones will probably have their prices hiked.post #39903 of 483121/17/15 at 3:05pmpost #39904 of 483121/17/15 at 3:06pmpost #39905 of 483121/17/15 at 3:13pmpost #39906 of 483121/17/15 at 3:25pmpost #39907 of 483121/17/15 at 4:39pmHaving handled a vast amount of Cartier watches, various different models from various different time periods, I cannot possibly understand why anyone would have any issue with the brand. They are fantastic.post #39908 of 483121/17/15 at 5:24pmpost #39909 of 483121/17/15 at 7:57pm
Anybody know what's up with Ressence? I mean, I know they're still around, and Baselworld coverage occasionally hits them, but they're never discussed and I never see anyone on watch forums who has purchased one.
I think the watches are very cool, an actual re-thinking of the wristwatch that strikes me as both clever and beautiful, an actual innovation rather than just another flashy "avant garde" look.post #39910 of 483121/17/15 at 8:18pmQuote:
Certainly not their finest hour, but those were tough times when it seemed the quartz revolution might wipe out mechanical watches. Lots of watch companies produced some questionable watches back then. As much as I like watches from the "The Big Three," they all produced some horrible, only "1970's Vegas appropriate" looking watches watch that regardless of the quality are best forgotten. Yet, I wouldn't hold that against them decades later.Quote:
Interesting! I've only ever seen occasional price reductions from AP. I've not seen it from other brands. I'll have to keep my fingers crossed & hope that a few other brands will do the same.post #39911 of 483121/18/15 at 12:09am
Interesting times in the watch game!
As noted (and deplored) here many times, the manufacturers have been steadily raising prices since the early 2000s -- apparently without hurting sales. But I wonder if they can pass such a big bump straight through to buyers this time? Experience would suggest that an external shock of this magnitude will lead to competitive realignments in the industry -- we might even start to see some serious competition on price and value again as opposed to the current focus on status and brand equity.post #39912 of 483121/18/15 at 12:36ampost #39913 of 483121/18/15 at 12:40ampost #39914 of 483121/18/15 at 3:28ampost #39915 of 483121/18/15 at 12:52pm
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- The Watch Appreciation Thread (Reviews and Photos of Men's Timepieces by Rolex, Patek Philippe, Breitling, JLC etc...)
- Should I Wear a Watch to a Wedding?
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