It was available only one piece with HKD$1,680,000 back in 1996 bought by one tycoon in Hong Kong. We are working on the archive paper from Vacheron Constantin.
If you are into VC, don't miss this holy- grail.
HK Snob
Looking
at the above 40 years chart, listing the prices for several Rolex models, the
seasoned chart-ninjas among you will have noticed one key anomaly: the end of
the Rolex chart is as flat as a pancake. Since 2012, prices remained mostly the
same across the listed Rolex models. That is more than 5 years now that we
haven’t seen any (significant) price increase for these models. Looking at all
the years prior, that is a pattern that is absolutely out of the ordinary. The
Big Mac price however, has gone up consistently. Comparing with year 2000 to
2021, what is the Big Mac appreciation , it is 2.25Xhow about a Rolex Daytona
in 2000 a Daytona 116520 is about US$9,600.00. By 2021 if you don’t use that
Daytona and keep it as it was bought , it’s a NOS, now you can sell it at
$25,600. That is 2.66X.
From
the curve, only Daytona can catch up with the Big Mac, second one is Explorer
II 16570 say A series. It was about 2.2X appreciation from 2000 to 2021.
Note that the price is the old watch is highest when it is kept as new (NOS) if that is being used and loss of warranty, price would be drastic reduced.
HK Snob
Now almost every brand introduced green into the 2021 market
JLC’s Reverso, Breitling Premier green, Zenith Safari
chronograph, Rolex’s Hulk is hottest cake, Tudor green with Bronze, Oris 65 dive
watch green, amongst all, I think Patel Philippe Nautilus green may be the hot
topics of the year. I have ordered all
these except Nautilus as that may need $3m for one!
UK media Telegraph interviewed Patek Philippe’s CEO Thierry
Stern about the 2021 Nautilus 5711-1A-014 green, his answer made me think about
this gentleman’s IQ again as he is insane or he is making joke or bullshitting
us? As he said even his son cannot buy such a piece. Well, he is playing trick
on marketing, where by just changing the colour of a Blue dial into green with
other things unchanged with limited production of say a few pieces would make
the world crazy ford. Antiquorum has a preview on a piece of steel 5711-1A-104
green for auction. Who are permitted not to cut the seal at AD? Who is selling
this watch into hands of a special person and who this special person has guts
to auction it within the same year. I comment that is only some very special people
like the name I mentioned, who else? LOL…
Rolex had introduced a few colorful OP (oyster Perpetual) in
Sep 2020 Price has been going up I just take a ref 126000 36Mm as an example. SRP is $42400. Tiffany blue keeps on increasing
in the open market from $80,000 to $90,000, now is $110,000. Green was $80,000
and now is about $90,000. Red was $76,000 and now case to $91,500. As I had mentioned
before Red will likely be the one who may go in par with the price of Tiffany Blue
as the colour Pantone is like the China national flag. One day the Chinese will
flip a few times higher on this crazy red. Of course, it is still too early to
see which one is the King or queen, Tiffany Blue, green or RED?
Let’s wait for COVID-19 be gone then market will tell by
itself.
HK Snob
Remarks currency here is HKD
1. 8 years ago, one guy showed his AP 5402 A series in the meeting and asking who would like to buy it? I was the first one say I buy not even asking the price… So I got it next day paid. That watch is still keep under custody in Philippines by my good friend.
2. Another occasion that one guy showed his Vacheron Constantin 222 in solid gold with request of certain amount, I was the first one said “I buy it!” I got this and this was my good judgement.
3. There is one folk asked who want to buy this Submariner 16618 with Onyx dial with HK$180,000, I hesitated a while and I passed, well, someone bought it immediately.
After 4 years, the same guy came in and ask who want to buy this Submariner 16618 with onyx dial? This time I say “I take It’ and I was able to possess such a great timepiece from Rolex.. and later we sold with 2X the price we bought after one and half years.
Watchgret
I had a chance to buy a Rolex Submariner
16618 solid gold with Lapis lazuli dial with HK$130,000 in 2012. But I had
another offer of Daytona 16528, instead what pity I was I took the Daytona… but
that Sub Lapis was sent for auction 6 months later for HK$730,000. This is a
big regret for me.
Window shopping behavior of HKers.
Window shopping involves visiting a brick-and-mortar store
to examine a product but is also done online in recent times due to the
convenient availability of the internet and e-commerce. A person who enjoys
window shopping is known as a window shopper.
In Hong Kong, 70% of the people enquiring in your watch are likely window shoppers.
On fb, he can talk about price of you offer in the morning,
next day he will say his wife does not allow him to go for it.
On Carousell, he can ask more pictures of your watch,
usually he will say “ Think about it”.
Someone will say he want to see it himself, and we meet
somewhere like a restaurant, after checking the watch he would say; “ Oh , I
think that is not the condition he is looking for”
These are window shoppers. They have intention to see your
watch but not to buy,
So what is important is to find out the one you are talking
to is not window shopper, but how?
HK Snob
There have cases that seller is selling a Rolex Daytona at a
price of $100,000 to company A consisting of two business partners, One immediate
marks up 5% for his own profit then pass it to his group partner for another
mark up of 10%, so the final offer to end customer $115,500.
Whereas another company B has two partners also, one received
the same offer and they discuss to mark up of 12%. So they offer to an overseas
buyer selling at $112,000. Customer
received the same watch quote and naturally order goes to Company B. The company
B will be building up capital much faster than A as they have a healthy
operation and Good trust between two of the partners.
I have seen quite a few cases that dealer choose the best
profit item such as Daytona Green 116508 for sell by himself and give those
jelly beans such as Milgauss 116400GV or lady Date Just to his supporting partner
to sell. This is human nature and I
cannot say wrong or right. But being your sub dealer would not prioritize
selling effort on your product as they know profit is low, hard to sell and likely
commission is small aslo. So he also puts his effort on to some other higher
profit item for other dealers. Naturally this will not able to move your
slow-moving watches…
I have seen a good partnership between two good friends, one is a big collector who has over 400 vintage Rolex and one is Hong Kong dealer. The watch Collector would allow his inclusive partner to sell half of his collection after probably one year or two, he will not question his selling price too much as he is supposed the best in this watch selling business, and what a mutual agreement is that he can get say 4% of the sales revenue as his commission… so this is a partnership program. Though it seems that the commission is trivial, but don’t forget the volume is huge. Assuming one Rolex is $200,000, 200 pieces is about $1.6M of commission, I believe this would have incentive driving more sales. By constantly re-assessing the relationship you have with your partner, you will ensure that any potential problems are dealt with quickly and efficiently. This will lead to a far more fruitful and enduring relationship for a long term.
Commission
I have dealt with buyer who give me 1% commission to looking for his desirable watches in the market. Looks very stingy, yes it is… however, if I can handle within a few hours or a day is OK as his watch value is High. Usually he buys A Lange, Richard Mille, Breguet tourbillon.
Also I have dealt with another seller who offer me 6% of commission on his watch. Whatever it is manageable I will handle, as I think commission is not major concern, more important is by doing so I can broaden the network of my contact. The Buyer’s recommendation to his friend and colleague would be another merit to me. Networking is the key.
HK Snob
The Fat lady carries Rolex’s five firsts on GMT Master
“Fat lady” or sometime called “Sophia Loren” stands for GMT
Master Ref 16760 may be due to the profile of the watch resembles the Italian
beauty.
It was a milestone piece for Rolex to create the GMT Master
II version. It comes with a Black Red bezel only. That is why called “Coke”.
They have five firsts
1. It comes with Black Red bezel as for the first
time.
2. Thicker case by 1 mm, a wider bezel and a larger
crown guards than its predecessors 16750.
3. First to use 18KT wife gold surrounding the luminous
hour marker to preserve shininess and keep it beautiful for many years.
4. The first to use sapphire crystal on the dial.
5. New Rolex Caliber 3085 in use. The new
generation movement allowed the center hour hand to be set independently from
the arrow-tipped 24-hour hand from the minute and second hand. Therefore, when
travelers arrived to a new destination they could easily set the watch to the local
hours.
Fat lady was introduced first time in 1983 and last batch rolled
out from Factory in year end of 1988. Only 5 years were in production.
Due to the short production time, Number of units made were
small, and it was made with Tritium dial, some of the dial tends to change Tropical
and that value will grow. And since this watch is made with Sapphire which is
hard and scratch resistant. This is both a functional and collectible item for
Rolex Collector.
Attached one is a 1988 last batch R series. Dial had been changed to slightly brown and looks great as a neo-vintage Rolex.
Reference of GMT Master
Year 1956-1959 Ref 6542 (Blue Red) Cal. 1030
Year 1959-1980 Ref 1675 (Blue Red) Cal. 1570
Year 1981-1988 Ref 16750 (Blue Red) Cal. 3075
Year 1983-1988 Ref 16750 Fat Lady (Black Red) overlapping
with 16750 Cal. 3075
Year 1988-1999 Ref 16700 (Blue Red) Transition period Cal.
3175
Year 1989-2005 Ref 16710 (Blue Red, Black Red) Cal 3186
Year 2005-2014 Ref 116718 gold Black bezel Cal. 3186
Year 2008-2019 Ref 116710LN (black bezel with green GMT
pointer) Cal. 3186
Year 2013-2019 Ref 116710LNR (Blue Black) on Oyster bracelet
Naked name “Batman Cal. 3186
Year 2013-2019 Ref 116719 Blue Red in White gold Cal 3186
Year 2018 update present Ref 126710BLRO (Blue Red) Cal. 3285
Year 2019- update to now 126710BLNR (Blue Black on Jubilee
bracelet) Cal. 3285
HK Snob
