What time is it? Watches and horology

Also I have heard some opinion that FPJ prices are a bit overheated. Might be a few people selling now because they think it’s the right time.

Lot 3 has got me wanting a Chinese one. They used to be plagued by a deeply sunken date, but the so-called PPF factory one looks not too terrible. Trigger warning: link to a rep dealer coming up. https://trustytimewatch.io/index.php?main_page=product_info&cPath=39_199&products_id=23237

$6,503,000

... Great way to up your marketing game if you bought it yourself though....

Do they need to up their marketing?

Patek or tiffany could set a price of 1m for each watch and still sell out in minutes

oh is it? When are the Nautilus prices softening?

Well clearly not anytime soon…

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Bizarre. Like that insane ‘57 Speedmaster price, you start to wonder what’s going on.

Do they need to up their marketing?

Patek or tiffany could set a price of 1m for each watch and still sell out in minutes

Hypothetically if they bought it a 6.6m they can sell the 'normal' one for 1m... See @Tenderloin post above. Est at most $80k? now $280k

That $1m is only achievable if the Tiffany is higher... Makes financial sense. You only need to sell 6 to cover cost, generating a 144m from the rest.

Economix

Sorry, late to the SLA party but I see @regal has you covered, we chatted about this often because I couldn’t get past the price of the 037 and tbh I ended up buying at the absolute peak because of my FOMO which still smarts.
One piece of advice I’ll offer is that you probably know which watch you really really want and buying something else will just eat your budget and never quite scratch the itch.

@ejay2.0 lucky guy, don’t you already have a mk2?

@paininthe love the Citizen, congrats.

IDK, did wonder that about sub vs GMT- then Covid killed travel stone dead and I went from needing to know other timezones to making sure I was wearing a shirt 3 minutes before the next Zoom call.

= Very happy with Sub.

Of course, travel may start again- but will it be what it was?

I think a (tenuous) justification could be made if you’re regularly dealing with an office abroad but after a while you just start to know their relative local time without thinking.
My wife’s job used to have regular long haul travel but that’s kiboshed and so is my excuse to get a GMT.

One piece of advice I’ll offer is that you probably know which watch you really really want and buying something else will just eat your budget and never quite scratch the itch.

Yeah, 100% this.

But the retailers aren’t selling at over retail, are they? I don’t think that’s what’s going on here. If anything I suppose it could be used to facilitate Rolex AD-style “sweeteners”, ie we can make this piece available if you spend £xxx,xxx on these diamonds over here, sir. But I don’t know if that’s how Tiffany operates.

Or it could be to up the brand?

What's that term used for brands like Rolex, PP, Prada where its restricted production only for those to show off their wealth?

We've covered this before. Rolex make 1M+ watches per annum. They donate a large part of their profits to charity. Not sure that can be called restricted production as they have no need to make as much as they do.

Charity as a beneficiary of a trust to hide the ownership of a company based in Switzerland is not donating to charity. As an FYI.

Also not sure what that has to do with anything

Really enjoying this whenever the sun comes out.

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Well the allocation/access shenanigans in Rolex’s case is down to how their ADs decide to handle it. The ADs can’t be charging more than retail price or they’d lose their status for sure. But what they get given, they have to sell. So they ask people to buy the gold stuff to get “priority” on the steel pieces they actually want.

AP own their boutiques so are in total control and that tactic is absolutely what they do. They decide who gets pieces based on whatever criteria they want - who’s the right sort of person to be seen wearing AP? That is on them as a brand far more than it is for Rolex who are a lot more distant.

Patek, I have no idea but it’s probably similar to AP. They know what is hot and deliberately stoke the market.

None of this is any different to, say, Ferrari. It’s that same old luxury game, whatever it is, if anyone can have one, it’s far less desirable. Not surprising. I just question these auction results being the brands themselves manipulating prices. While I’m sure that has happened in the past this looks more like HNWIs needing/wanting to dump cash into something for some reason or other. Maybe the charity auction was a good tax write off or something. Or just Bitcoin billionaires willy-waving.

Its incredible rolex hold there value, they make close to 1 million products a every year.
Money laundering tool imo.

Interesting stuff! Thanks for sharing this

Raining today, so needed something water resistant.

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If @regal can’t explain the market drivers of these prices, it is hard to avoid the conclusion that something untoward is going on.

really good!

rolex money laundering tool

In which case Rolex values ought to drop because of Bitcoin