With last auction on Patek Philippe 5711 Tiffany Blue hit a hammer price of US$6M,
Rolex's OP Tiffany blue Nautilus price had been increased immediately in the market high up to HK$350,000. as of now their price is still moving between HK$265,000 to HK$285,000.
I had an hunch to look for some substitutes with Tiffany Blue element from Rolex...
In December 2021, we bought the first Day Date 36mm Ref 128348RBR-0037 turquoise with HK$497,500 for my Philippine investor.
Four days later, I bought for another HK Investor with HK$540,000, already up HK$42,500!
After one month, another famous HK collector bought one with HK$650,000.
So what is the price now?
From Today's Chrono24 we can find 9 pieces
With price of 6 pieces from lowest HK$575K to highest HK$711K and three is "Ask price"
Take an average the price is HK$658,000!
Base on this the first bought one with $497,500, we entitle a price increase of HK$160,000.
That is a 32% appreciation on paper.
This is the Tiffany Blue Cyclone... and this is not just a simple printed dial, it is finely selected piece of Turquoise, lapped down to a thickness of 0.25mm, polishing it to the required flatness.
Check for any microcrack, if not then, Laser cut a trapezoidal window and a rectangular window for the Day and Date wheel display. Inspect again for any cracks. if not then.
Drill with 20 tiny holes for inserting the hour index,
Drill a larger hole at the centre for the hour and minuet hands.
If there is any flaws nor micro crack, the whole dial will be discarded and have to remake again.
These are tedious works and Rolex can only produce say 10-20 pieces a year.
So I speculate that by Autumn 2022, The market price will be reaching HK$1,000,000.
HK Snob
Remarks
Rolex SRP or Ref 128348RBR-0037 turquoise is HK$447,200
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