Discontinued model
Rolex Daytona steel 116500 was speculated to be discontinued
by Jan 2021, price was raised to $310K highest ever by Dec 2020. Now the price
of it is still moving around $280K. I think it will not be discontinued by Q1
2022.
Tiffany Blue
Since Patek Nautilus 5711 steel Tiffany blue hit a auction price of $40M. All watches come with Tiffany Blue because the target of all watch lovers, flippers and dealers, it reached price of $670K yesterday.
Today another seller is asking $1.8m! I can’t believe my
eyes. Well, I think there might be people buying but there are still many
cheaper offer from $200K to $600K… he has to wait for all the lower price watches been sold first. He may have patience to. But I cannot underestimated
the operation fo Rolex
They might have controlled not to produce as many as Patek
5711 Tiffany blue 170 pieces.
That is killing all watch lovers and we think Rolex is the
new currency now. Cash in bank gets no interests but Rolex can make 200% in one
year.
What is next after Tiffany Blue?
I think there is a hidden diamond under the palm tree, yes
the Date Just 126234 Palm green with jubilee bracelet as I have seen juts three
pieces in the past 8 months in Hong Kong.
Well, I am looking for another one
General market situation
Generally we see more buying and trade in these November and
December due to Xmas season and new year, and I think price is better for
December, as no one want to keep a watch over the year, it will become 2 years
old after December 2021.
If you want to buy watch from open market get it now, price
is usually lower for Date Just or non-popular models. For those hot items, the
price will be getting higher after January as factories are closing for Xmas
and new year vacations.
HK Snob
Dear Paul,
ReplyDeleteLong time reader and follower! A lot of the madness around the almost-like-Tiffany blue Rolex OP was driven by creating price chaos to the run up to Christmas. An OP 1.8m is highly unlikely to sell but that's going to make the Daytona on Panda at 300K like a good bargain.
That's the current state of the secondary market right now... in the hopes of clear future ahead.
GM
An OP Tiffany Blue is trading between Dealer at HK$300,000 this week, 1.8M is unrealistic
ReplyDeleteAnd I think I shall reach $400,000 if Rolex does not increase the production of this particular model.
HK Snob
Dear Paul,
ReplyDeleteFirst off, Love your blog - really informative!
I went into a couple ADs today here in hk asking for a DAtejust 36 and their reply was they don’t take waitlist anymore and was basically not interested in doing business with me… my question to you, are they only selling their DJ36 to their VIP clients now? And for us average joes to get one, our only hope to buy one is from the grey markets?
Thank you and have a great day
Hi
ReplyDeleteFirst of all, thanks for supporting my blog.
Well, as far as I know, many senior manager is controlling direct sale of the Rolex to his client or so call VIPs at "Special Price" , so leaving some of the jelly beans in window display. I went to on AD at Prince Edward MTR, seeing that they have 5 watches in the whole shop.
We either buy from grey dealer, or unless you know them, then AD sells you at premium price.
Slightly cheaper than outside grey dealer...Or if you are SVIP at Chow TXX FXX, then they give you some of the model at SRP, but you have to buy some diamond or Karat gold first.
That is the situation.