Insane 2021, Crazy 2022

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

Vacheron Constantin price is going up

 As we all know that Chrono24 price is good for a reference only as they do impose a service charge so sellers are likely mark up certain percentage on top if it.

I have been observing in these 9 months more people is talking about Vacheron Constantin mainly on its Overseas series.

As Rolex Daytona, Patel Nautilus and Roya Oak of AP price are very high, one who is looking next buy would be consider something else.

Vacheron Constantin Overseas has been selected as the next target.

We can see from these movement:

1. HK dealer groups have been more actively trade on Overseas

2. More and more website are talking about Overseas

3. The Blue Overseas is really built with full esthetic look.

4. Chrono24 price has been increase more than 40% since July till November for say the Generation one Overseas made between 1996 to 2003, especially in Blue dial.

Let's keep an eye on it.

HK Snob

Audemars Piguet 26000PT Perpetual Calendar in Platinum on sale

 AP 26000PT limited 90 pcs

Limited to 90 pieces

Watch only

running in great condition

HK$330,000

HK Snob

Chrono24 Price as reference

 For most of the watch seller, watch buyers are referring Chrono24 pricing as the price.

Well, in fact you can see that many of the watches posted on Chrono24 are not all fast moving items.

There are a few reasons, first of all Chrono24 watches sold are subject to Chrono24 charges of 6.5%.

So naturally many of the seller are marked up by 6.5% to 10% on Chrono24. That is why we should not take Chrono24 price as the current market price. I used to take the mean price then times 0.9 to be the market selling price.

Of course this is my way to check price of the world market price of the particular watches.

HK Snob

NOS with sticker 114300 39mm white dial on Sale

This is a 39mm 114300 White dial on sale

Price HK$88,000

HK Snob

Tudor 7928P on sale

This is a awesome Tudor Chronograph, just been renewed with new crystal, bezel insert, dial, and hands, also been overhauled with 2 years warranty by Tudor Service Centre, Hong Kong. 

Orange is super rare, you not even able to find one on Chrono24

Price HK$93,500

HK Snob

Patek Philippe Ref 5320G Perpetual Calendar

This is two Patek Philippe Ref 5320G bought for two different gentlemen who keeps this with me for investment.

This is Perpetual Calendar in creamy dial with 40mm dia. the SRP is HK$660,000. and I believe this watch value will go up to certain level after three years.

HK Snob

Vacheron Constantin

This is a  Vacheron Constantin Gen 1 automatic watch with 37mm dia excluding the crown.

NFS.

HK Snob

 

Brand name says it all

 You can see that is not right for swimsuit is not advised to use in water, but nevertheless they sell fast even at price tag of US$490. 

Because the brand name says everything 

HK Snob

What is next after Patek, Rolex and Audemars?

 This is recent post up on internet about the new role of watch that has been pulled up with prices.

Well, that is not my surprise as when Patek, AP and Rolex price is high enough to an astonishing level, people will start to look for replacement.

Although many people dislike what I am trying to say as they are base on the old market value of Vacheron on the past 5 years as a reference. But I can see the trading price of Vacheron is getting high in the HK watch trading groups everyday.

Of course the data is not lying by itself, Yes I know those Patek AP fans is not likely to hear that as this will dilute the buying focus towards these Patek and AP. 

Never mind, we should watch out.

HK Snob