Tiffany Blue magic 2021 on Patek, Rolex and UNDONE

On 11 Dec, 2021 Philips had an auction on a Patek Philippe Ref 5711 in Tiffany Blue with a hammer price of US$5.5M! It was a shock to most of the watch lovers and possibly not for some of the auction insiders. To me it’s a disappointment as it will be impossible for me to buy this piece of watch.

That is in fact another record high for a plain modern Nautilus stainless steel watch… there will be total 170 pieces of such watch will be made as the Company’s 170^th anniversary watch.

This was only trigger of the Tiffany Blue magic. Rolex had launched the OP 36 and OP 41 Tiffany blue in September 2020. 

That has two model ref 114300 41mm with SRP $46,400 and Ref 126000 36mm with SRP $43,400 only as the low price tag of all Rolex.

In the past 12 months, I have observed that OP41 was rising up to $140,000 whereas OP36 is floating around $120,000 for more than 3 months.

But after Dec 11 Philips Auction on the Patek Tiffany 5711 Tiffany blue, we have obviously seeing abnormal price up on these two Rolexes. Well, as of today, I could see the OP41 is selling from $250,000 to $679,000 that is over 14 times the Rolex SPR.

Even people speculate the price will further moving upwards further, but i cant tell as this is absurd price to me already. 

I think these are some of the reasons behind.

     Many people could not get the Patek 5711 Tiffany blue, in fact only 170 pieces of such watches will be made, so get hold of the Rolex OP41 or OP36 as second choice. Economy is still able to support the crazy price at this level.

I really cannot tell what is the next level of price up and the number of buyers actual had confirmed the order.  

Recently UNDONE has launched a Stella dial watches made of 316L steel DLC coated running with Seiko VK series Mecha Quartz movement, one is in Tiffany Blue and one in pink. They are produced under Limited number of 300 pieces each colour.

As a fan of UNDONE, I am the early bird to purchase through walk-in to the HQs of UNDONE at TST for two pieces both are under S/N 007/300, I simply like it as its nice in Tiffany blue colour, functional , sportive, and affordable for me. Price may be up soon but not as crazy as Rolex OP or Patek 5711 for sure.

So what is in your mind?

HK Snob

Rolex Tiffany Double name

These three watches were bought in 2020 Q1 with HK$630,000 from a private collector.

How much do you think it worth now? I think it is about HK$1,000,000!

HK Snob

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