The Watch Appreciation Thread - Part two (Rolex, Patek Philippe, Audemars Piguet, Jaeger LeCoultre,

[am55]

what you’re describing is an economic bubble. But instead of tulips, we’re talking about watches.

I'd go further - the sharp rise in the AP Jumbo and a few other pieces just before covid was eerily similar to Bitcoin's final month before the plunge in its speed and ferocity...

 

[Thin White Duke]

Sure thing...What State are you in?

Florida - I get to NYC from time to time for work. Still on the list for a Pepsi!

 

[Omega Male]

I'd go further - the sharp rise in the AP Jumbo and a few other pieces just before covid was eerily similar to Bitcoin's final month before the plunge in its speed and ferocity...

From your lips to God's ears, as they say. We could do with a good old-fashioned panic liquidation. Let's see if all the helicopter money is enough?

 

[am55]

From your lips to God's ears, as they say. We could do with a good old-fashioned panic liquidation. Let's see if all the helicopter money is enough?

I have a shopping list, and was mostly in cash for a variety of reasons before this all started. But I would prefer to not have the opportunity to execute the list...

 

[md2010]

I started seeing some great deals on ADs and used dealers.

 

[bawlin]

Can't help but feel it's like a game of chicken... if there is a substantial lowering in demand that is likely to last, then the first to offload will be the best off. Would then the more sophisticated dealers offload first? I'm sure @Dino944 has some thoughts/experience on the matter.

Similar to cars, watch dealers will take a loss to a wholesaler long before they ever take a loss to a retail customer. There's so much collusion that goes on amongst these guys, mostly in private online chat rooms, and these guys are much more incentivized to liquidate to someone they have a longstanding relationship with, vs. some prick like me who only cares about getting the best deal possible, regardless of whom it's coming from.

With that said, the hobbyist flippers who made a quick ~$1-2k on a couple of Hulks, got arrogant, and started overpaying for other hot stainless timepieces to build up their Instagram following while operating on razor thin margins are going to get wiped out fast. I'm already seeing some very tempting "right place, right price, right time" deals popping up, which is how I ended up with this like-new 116505 I bought for ~$10k below retail+tax.

 

[Ambulance Chaser]

After the Horology House scandal, I'm paranoid about buying a SS Rolex from anyone other than an AD or a well-established gray. Hopefully prices charged by those vendors fall to MSRP within a few months.

 

[Neville Southall]

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.

 

[giuseppe]

The sector at the moment can only stop winning, but it does not lose, for the moment.
Most sectors if they lose ... Let them wait 2 more months.

 

[Ambulance Chaser]

It's a start, but kind of like someone telling you, "You can date any Game of Thrones cast member . . . except Emilia Clarke." When the white-dialed Daytona hits MSRP, we'll know that ADs have hit rock bottom.

 

[Texasmade]

It's a start, but kind of like someone telling you, "You can date any Game of Thrones cast member . . . except Emilia Clarke." When the white-dialed Daytona hits MSRP, we'll know that ADs have hit rock bottom.

I'll be happy with Missandei from GoT.

 

[Neville Southall]

Quarantine, day 947469.

 

[Scuppers]

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 1361505 View attachment 1361506

I received similar offer from Govberg overnight - but not for Rolex, rather JLC and F.P. Journe.

 

[cyc wid it]

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...

 

[Dino944]

Journe Chronomètre Blue price explosion always puzzled me a bit.

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.