With the recent relief of COVID-19 in Asia, Europe, the demand of mask was becoming less, three months ago France government had ordered certain face mask that can be reused 30 times made by some of the luxury goods company turned out to have 20 millions masks as surplus now. They urged French Government for assistance promoting and finding buyers for those unsold output of the industry's national effort.
Whereas for the Rolex watches, that was having a slow sales in Hong Kong in February to May as there is almost no tourists were coming to Hong Kong for shopping including those Chinese Visitors who are having huge buyer power on luxury watches. By then the price of Rolex market price has dropped down to a lowest level, say for example Rolex Daytona Ceramic 116500 White was $195,000 in May 2019, and it was $179,000 hitting the lowest price in May 2020, but we can see that price has been up again to $183,000 these two weeks.
Pepsi 126710BLRO was $140,000 May 2019, and it was going down to lowest $125,000 but now it climbs up to a price of $130,000.
Market price here means trading price between dealer and dealers, dealer to end users and Rolex AD selling to his end users.
MSRP is no way to get unless you are special VIP which in fact how much you have already spent in the shop is a known to be huge before you can be a VIP customer.
So what is best to do either you buy it now before the price go up again after lock down is lifted, as after the lock down, price will be step up with another level unless there is another economic turmoil.
HK Snob
Dollars shown here is in HKD.
Dollars shown here is in HKD.
No comments:
Post a Comment