Watch market is hotter than ever which is what no one could expect two years ago. People keep saying bubbles burst... No, it never will because…as far as I know today.
The COVID-19 pandemic lasts more than two years with no
indication when they could be come to an end, and all countries are forced to
live with the virus except the great China. Pfizer vaccine drugs keeps selling their
booster jab globally. What a boring period for most of the middle class, rich
and poor.
Most countries’ tourism, airline, retail shopping industry
died, people suffer from no travelling, no flying.
Air freight and food delivery business is blooming a few
times over the last two years.
Real estate price is not as good as two years ago.
USA is printing money on 24 hour OT basis.
Many younger generation is putting a lot of speculation on,
Bitcoins, NFT and Metaverse.
Someone bought some NFT and get $1m sold after two days, that
is someone’s annual income…
US inflation is historically high and money is not money,
Rolex is gold as what I am always saying…
What kind of investment you think you can do in these days
as people need to spend their money before losing the value.
Nowadays someone on his fb page says Rolex is a new
currency.
Well, watches are easy to sell, it is a kind of personal
show-piece, an iconic display on your professional status, of course those who
are wearing an RM going to a 5 star hotel with his Lambor handled by the valet
parking. These people is bona fide SSVIP at Patek Boutique, who will be called
to collect his 5712 five months after his last 5711R, whereby I had to wait for
my son to collect a 5167 if I were lucky enough!
A RM, Patek, AP or even Rolex could easily reaching a price
tag of 1.5m at grey dealers with their original MSRP of $300,000!
What can we do about it?
I am figuring how and I am going to give some tips on next article
after discussion with a few watch collectors and investors.
Appendix some of the typical sample of watch price
Watch price Ref Daytona 116500LN was $210,000 in 2020, now $295,000.
Used AP 15300OR sold in 2020 with $160,000, now $300,000
Rolex 16613 Submariner Two tone Serti was $60,000, now
$90,000
Rolex 126000 OP Tiffany Blue 36mm was $67,000 in 2020, now
$120,000
Patek Aquanaut 5167 was $320,000 in 2020, now $495,000
HK Snob
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