The watch price in Oct and what is Next?
During this “situation” in Hong Kong whereas a place for 40% of Swiss watches importer, price has dropped a lot since June 2019.
In average, Rolex new watch drop for 10-12%.
Those hot items already selling at premium such as Submariner 116610LN, Daytona. 11650LN, Pepsi 126810BLRO, Batgirl 126710BLNR, Seadweller 126600.
Patek
Patek is 10-18% drops for those hot model Nautilus 5712, 5711, 5980, 5990.
VR
What is the vintage Rolex segment, less affected, it might drop 2-3% in general
those are different as they are getting less and less everyday so the price will Getting up
Higher everyday, though at a slower pace.
What should we do?
- rich people gets the best out of it as they can have more choice to buy with less money.
- average collector should keep monitoring state to see what is best in market with little fund on hands.
Rolex new watch at AD.
They are unaffected as still they don’t have stock for you!
No matter you line up on the waiting list of a Submariner or Seadweller, they always say no stock
Well CTF is selling at SRP to their VIPS
ORIENTAL AND UNIQUE is selling at premium.
Dickson is also selling at premium.
Don’t call me asking when where you can buy at SRP as I really don’t know!
If I know I would hesitate to buy it myself, right?
Again Rolex is Gold, Gold is not Rolex.
HK Snob
Abbreviation
AD - authorised dealer
SRP- supplier suggested price
CTF- Chow Tai Fok
VR- Vintage Rolex
Monday, October 21, 2019
Rolex Date Just Ref 16238 Lapis Azuli
Ref. 16238 caseback stamped 16200A fine and very rare yellow gold wristwatch with sweep center seconds, date and lapis lazuli dial.
This watch has just been having movement overhauled by Rolex Service Centre this month, meaning also Eolez
Had verified this is originally with Lapis Azuli
Dial on this special watch.
These are the gem Rolex was used to put on some of their special watches: Lapis Azuli, Onyx, bloodstone, coral, meteorite, sodalite, etc.
Now almost no watch is still using these kinds of stone on Rolex watches except meteorite is still
Being used on Rolex GMT Master II white gold 116719BLRO and Day Date 118139, with a price tag over HK$300,000.00
This included watch of E series year 1990.
Watch with 21 links, Rolex service paper, red tag, manual literature.
HK$165,000
HK Snob
GMT Master II Ref 16710BLRO Pepsi
Rolex GMT Master II Ref 16710BLRO Pepsi
Year 2000, P series
Many so call Pepsi may not be real
Pepsi unless Rolex certifies it is, this is a Hong Kong. Watch year 2000
With indication on the green tag is Pepsi 16810BLRO
Including:
-Watch
-box
-Red tag
-green tag with S/N and model on with BLRO means Pepsi
-Warranty Papers
- warranty paper holder
- manual and literature
- 11 links
***********************
Feature:
Rarity 7/10
Condition 9/10
Wearability 9/10
Collectibility 8/10
Function 9/10
Investment point 9/10
Worth to buy 9/10
Remarks:
Asking HK$102,000
Delivery to: 🇭🇰 🇸🇬 🇹🇭 🇵🇭 🇲🇴
HK Snob
Monday, October 14, 2019
From rags to riches
From rags to riches
I have a friend who was having a story that might change your mindset to someone who has no degree, no rich Family support, who still could become a successful business man.
He was started a job that you might not take, he was doing shoes shinning job in a hotel for guests.
Well, somehow if you are highly educated, you might put more focus in your job. He did good and shoes were all made shinny polished. He was spotted by one of the lady manager who would like to refer him working in the coffee shop. Well that seemed easy for there was someone’s referral...
No! as there was three Americans interviewed him. His twisted tongue English betrayed him. The interview was not successful, after one year the lady tried again to arrange another interview
, still failed. He learnt couple of years on Japanese during his time after duty... one day the Japanese manager and An American manager had the third interviews with him. He was considers probation as bell boy in the hotel.
He was the bell boy of the hotel, he worked hard, he served the guests with enthusiasm. After two years he was promoted to coffee shop assistance and promoted again as F & B Manager after few years ... during the time he was a bell boy he witness many people drove their Ferrari and or Porsche, and wearing Rolex watches.
He was thinking, when can he wear a Rolex and drive a Ferrari? Working in a hotel for ten years not even have enough saving for a decent Rolex watch...
At that time eBay was popular and he tried way to sell some of the shirts that some of his father’s tailor shop.
Wow, he found that some of the shirt could be sold and gradually he started to make shirt to sell again through the eBay,. It worked, he then quit the job at the hotel he had worked more than 15 years...
He worked hard, he was early pionoeer in eBay sales to overseas, that made his first bucket of gold.... then after ten more years he has his own first factory, second factory....
with what he learnt from the hotel on how to
handle people tactfully and carefully with heart sale, not hard selling!
He gained a lot of business trust from his business partner.
He married with a foreigner and had two beautiful daughters studying in international school.
He bought his new home worth US$5M. He drive a Model X Tesla and a Ferrari California.
Moral of the story is
Doesn’t not matter you have a degree or not!
All you need is belief in hard working, passion in work and don’t stop learning, still you could make your day great 👍
I know him as he approached me on my Hong Kong watch Fever blog buying the first Sea Dweller 126600 single red , a year later Daytona ceramic 116500N black, why black? Simple he does not like white, too sisterly hehehehe
He told me a Rolex watch is needed to meet his customers . He loved his Daytona!
HK Snob
Sunday, October 13, 2019
Vacheron Constantin Overseas 49140/423J
Yes, I am a big Fan of Vacheron Constantin, as I like the Maltese Cross, I like their tradition and only one thing I don't like is the price is too high.
This is one of the new found treasure Overseas in yellow gold, Ref 49140/423J super heavy that my electronics weigh is overloaded, (max. 200gf) I estimate that this watch is as heavy as 235 grams with full links on.
This is a big date, chronograph. this is 40mm but looks much bigger than 40mm, the bracelet is very comfortable, super elegant seeing the Maltese Cross bezel.
I feel like I am wearing a new shoes during the new term open at primary school.
HK Snob
Rolex GMT Master II Pepei Ref 16710 on sale
This is pre-owned GMT Master II Pepsi Ref 16710
It comes with Real Full set with faded Bezel insert.
This is a P series (yr 2000)
1. Watch
2. Paper
3. Red Tag
4. Green Tag printed with S/N
5. GMT Master Booklet yr 2000
6. Paper Holder
8. Distributor Booklet
9. Box
HK Snob
How possible a Young Kid earns US$20,000 a month?
He is wearing an APRO yellow gold
You may know that 40% of Rolex Watches are shipping to Hong Kong.
HK is the Asia hub for Swiss luxury watch distribution.
Only in Tsim Sha Tsui area, there is about 200 Watches shops selling these watches.
Last year a young kid came to know me through this blog and he wanted me to share my experience in watch collection and selling watches...
He was just 17 years old, and he started knowing my because he asked my help to deal with a watch purchased in one of a famous TST watch shop. His watch was a Tudor Submariner who he bought as new at this shop, but next day when he washed his hands it was later found water vapors inside, that shop blamed he did not lock up the crown properly... I helped as I know the shop but the shop insisted not to replace with a new one, asked him to repair at Rolex Service Centre.
Finally he went to Rolex Service Centre to salvage his watch and Rolex retuned him two week later FOC.
That is a Sad experience, for a kid who is still studying as HK$25000 was a big amount of money to him by that time.
He joined our watch gathering and he told ne he is starting to make some money on watch.
We had been meeting and talking a lot on this topics... Rolex Market, Price information, market price trend, what is mostly profitable and which is not and he came to me one day showed me watches he bought that day...
OMG, he bough 4 Rolex, one Omega and one Tudor just in One day..!
Well, his strategy is to sell to USA for making like HK$1000 to HK$2,000 per watch...
That is considered a very low profit as he had to send watches to USA and collect money by wiring..
He had to bear the shipment cost which is 30% of his profit and it took time...buying and going to Courier after school.
I told him, go doing it as it may build your network and Trust... somehow you can buy from your USA partner and if he has some good stuff he can send him...
His DISADVANTAGE become his Advantage as he is not HK people, he cannot speak local Chinese... So he must have to deal with USA or other foreign client as he is good at English... That lead him to work along this direction with his Client..
I still remember he helped me to sell my GMT master Fuchsia to his USA partners, and he is so honest to declare the true value of the watch US$16,000 to the customs, and the watch was taxed US$800 on arrival to his client... my fault was not to infirm him there prone to be having tax in USA...
After months , he had already established TRUST with his buyer and seller in USA. and since then he can ask whatever watch that is sellable in Hong Kong, and Ship something with good margin to USA.
Probably his father is aware that his kid is running business and lending his some capital to make a bigger purchase...
Sooner I saw him buying and selling Patek Philippe 5711, 5712, steel and Rose gold version.
and I met him one day at TST, oh, he was wearing an Patek 5712R...
I think he is on the right track and I could see that is he doing very good.
In Short, I think his winning factors are:
Broad product knowledge
Fast learner
he has guts to make big pruchases
He speaks good English.
He is young but looks mature so people can trust him seeing his picture without knowing his age
Honesty- one of the key factor to do business
Broad network through fb, IG and Messenger.
I met him at Sham Shui Po MTR yesterday and he was wearing an APRO in yellow gold in blue dial. That is a watch of US$50,000
Well, I think that he is making money US$10,000 to US$20,000 a month
Being a 18 year old school kid, I think he is doing very good..
Moral of this story is don't blame the society , don't blame the government, make a way to make your own fortune, there is no short cut... Hardworking, Honest, move faster, move one step ahead your competitor will likely make a big difference.
HK Snob
Rolex Day Date Ref 18039
This is an awesome piece of Day Date with Salmon Buckley Dial, even less in white gold.
I am looking for the bracelet for it.
Day Date is the flagship line of Rolex,
1803, 18039, 18038 is one of the best Day Date ever made by Rolex
HK Snob
Rolex Date Just Ref 16238 Lapis Azuli dial
This is a Rare and beautiful Watch from Rolex, made with Lapis Azuli dial. This is one of my watch.
An E series watch with newly service movement from Rolex, a paper with my date of birth this month this year.
Lying beside is a Montblanc King Joseph limited Pen with 4810 pieces. of course very lucky number also.
HK Snob
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