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Scuppers

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Just so everyone knows, here’s two screen shots of texts I received from the owner of a very large, reputable jewelry store. ADs are starting to hurt. Good - let them. Subsequent texts included pictures of about 10 Rolexes I was offered. I didn’t like any of them, so I passed. This, however, gives you an idea of how ADs are starting to feel the squeeze.View attachment 1361505View attachment 1361506
I received similar offer from Govberg overnight - but not for Rolex, rather JLC and F.P. Journe.
 

cyc wid it

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Journe Chronomètre Blue price explosion always puzzled me a bit.

I don't have nearly the connections/relationships that other folks have in this thread, so it's mostly the occasional check on watchrecon/chrono24 etc. during the day. Looking for a dress watch, but find myself opportunistically searching for some sports watches...
 

am55

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A friend of mine has one. Its fine, but I don't get it either. But at least that's one less watch on my "Must haves" list.
I think it's just a good story. Had heard multiple people describe much of the contemporary art market being about "a good story to tell your friends when they come over". The design is minimalist enough to be wearable professionally (unlike similar De Bethunes), but tantalum, Journe, etc. etc.
 

montecristo#2

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Have always preferred the Souverain. That is on my to-shark list if prices get soft.

View attachment 1361814
I'm with you on this one. This watch in red gold is next on my list. Was about to pull the trigger back in January but then all of a sudden prices shot up -- it's like someone (maybe Journe?) bought up all the supply.

Prices on Chron24 seem to be holding steady for now. Clearly a lagging indicator of the times.
 

Ebitdaddy

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+1 hoping second hand prices cool down. I really want an FPJ but like you guys said...prices have become really stupid for what they are lol
 

Phileas Fogg

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Prices on Chron24 seem to be holding steady for now. Clearly a lagging indicator of the times.
I noticed the same thing. They are certainly not the only source, but a good bellwether.

On Jomashop, the stainless steel Daytonas and the GMTs are still as inflated as ever.
 

am55

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When we were tracking real estate listings and prices (a la OpenDoor) we found that the list prices did not go down much. What happened is the gap between list price to actual sold value (as recorded by the government of the countries in question for the listing) increased, from something like 2% to 10% by the end of the market downturn (which took about 1.5 years).
 

cchen

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Journe Chronomètre Blue price explosion always puzzled me a bit.

I don't have nearly the connections/relationships that other folks have in this thread, so it's mostly the occasional check on watchrecon/chrono24 etc. during the day. Looking for a dress watch, but find myself opportunistically searching for some sports watches...
As a CB owner...... I completely agree! At $40-50k now, there are numerous other watches that I'd rather have. Yet at the same time, this is my favorite watch and I still didn't want to sell out even in this price point.
 

Dino944

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I think it's just a good story. Had heard multiple people describe much of the contemporary art market being about "a good story to tell your friends when they come over". The design is minimalist enough to be wearable professionally (unlike similar De Bethunes), but tantalum, Journe, etc. etc.
I suppose that is one way to look at it. It's a nice watch and I respect the workmanship that goes into their watches, but they have never really interested me. I'm pretty content with what I have so if I'm going to buy something I really have to love it. When I want a watch I tend to obsess about it, and I've never felt that way about anything from FPJ. However, if it is someone's dream watch and they are able to get one, then I'm happy for them. For me part of collecting is also appreciating the diversity of someone else's collection, and hearing about what led them to choose certain pieces.
 

Ambulance Chaser

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I think it's just a good story. Had heard multiple people describe much of the contemporary art market being about "a good story to tell your friends when they come over". The design is minimalist enough to be wearable professionally (unlike similar De Bethunes), but tantalum, Journe, etc. etc.
I collect contemporary art as well as watches, and I think there are quite a few similarities between the two. Primary among them is that the wealthiest collectors often have the most boring collections because they all go after the "name" pieces--Hirst, Koons, and Murakami for the art collectors and PP Nautilus, AP Royal Oak, and vintage Rolex Daytona for the watch collectors. One art collector has described this as the "jukebox" mentality where there is a consensus on the "best" pieces and well-heeled collectors merely push buttons from an already made selection.
 
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mak1277

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I suppose that is one way to look at it. It's a nice watch and I respect the workmanship that goes into their watches, but they have never really interested me. I'm pretty content with what I have so if I'm going to buy something I really have to love it. When I want a watch I tend to obsess about it, and I've never felt that way about anything from FPJ. However, if it is someone's dream watch and they are able to get one, then I'm happy for them. For me part of collecting is also appreciating the diversity of someone else's collection, and hearing about what led them to choose certain pieces.
I just think the FPJs are gorgeous. Far more visually appealing to me than almost any PP, for example.
 

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