Watches and Wonders 2022

Watches and wonders 2022 is to be commenced on 30 March, 2022. Most of the watch collectors are expecting there may have new watches as usual that they are expecting to buy and watches catch their attention. So some people are consolidating cash preparing to chase the new watches. 

Most dealers are not buying in watches and try to dump these slow moving stocks for cash. 

So this is an observation period for buying good watches you like but those watches in hype is still not cheaper.

I don't have much expectation on Rolex as they are knowing only manipulating at combination of colour of bezel, choice of material and size changing plus 1 or minus 2 mm, well, I am more in focus on some of “lost” pieces 20 or 30 years ago.. That is my fun part of watch treasure hunt!

HK Snob

16 Green Watches produced in 2021

These are known green or olive dial watch produced and released in 2021.

Most of them are available except only 170 pieces of Patek Nautilus in green is available to "public". The first one was sold with HK$6.0m.

Amongst those I like the 36 mm Rolex Date Just Palm 126234 which is rare to be in the market. 

I had also these, JLC Reverso, Breitling X2 pieces, Zenith Safari Olive.

Oris Cotton candy was fun watch to buy too, I think I bought three blue and two Green.
Cartier Solarbeat is a new technology that the power storage device need to be serviced only after 16 years! 

Besides Patek Nautilus, what is the watch that you think their future value may go up more than three times?

HK Snob

Panerai 5218-201/A

If you ask me what is best Panerai, I have no hesitation to say those made before 1996, before Richemont bought Panerai in 1996. This was made in 1993, pre-Vendom 201/A so called. 44mm, manual winding, non-matching hands. Original blood of Penerai it is Simple, large and tough. I like it so much. It was serviced by Victor Ku and I found that the watch was so accurate, within 1.5 second a day as average! The dial had been changing slight brownish. I think I can enjoy a lot with this piece of watch. 

HK Snob

Watch Investors

Thanks for the current investors believing me and Yes, Chinese do business base on long term TRUST!

Thank, R, P and J... thanks

I think I have enough investment and investors more than I can handle.

Wish you all the best.

HK Snob

Scammer Marco Chan

This is Marco Chan, a Wing Chun teacher, aged 66, he wears wigs on this picture. He took my three Rolex Watches for assignment sales but he pawned it in the next day in Hong Kong. We have reported to Police and filed such a case already at Sham Shui Po Police station. He was a WANTED person of the Police but could not find him in the past two years. So he might be not in Hong Kong. The purpose of this post is to let you know this person and not let him to cheat you anymore.

HK Snob

Scammer TK Wong

 

This isn't a movie star or singer but 100% a nasty con man, Mr.TK Wong, HKer and Cantonese speaker. His nickname is "Prince"!

Who I believe is in China now.

He took my money estimated about HK$100,000.00 under a series of small transactions for selling me Supreme goods, such as Supreme Motor Bike, Fridge, cups, camera, weight scale, cart... in November 2021. The promised shipment day was December but until now, nothing had been shipped. He is supposed the man holding Carousell account "Easytokyo" selling Supreme goods, but I really don't know if he is a hacker to Carousll account or not.

So if you had any business with him, or going to have business with him, just beware, he WILL take your money and will disappear.

HK Snob

Looking for investor and fund

Whatsapp me if you are interested in.

HK Snob

852-51229994

 

Presidents' watch Rolex Day Date 1803

The flag ship series of Rolex is not Daytona, not Submariner, it is the Day Date. 
Day Date was launched in 1956. during this 66 years of production, they have made a lot of beautiful watches that bring us pride, joy and long term value.

Rolex has been producing many fascinated watches using kinds of stone, Onyx, bloodstone ferrite, coral, Lapis Lazuli, tiger eye, malachite, wood, MOP, meteorite ...etc as the dial material.

Even the launch of 2012 Skydweller which carries a new in house complicated movement with Date, Month but no "Day" as Rolex does not want to touch of its own prestige line of "Day Date".

HK Snob

Buying luxury watches over property to hedge inflation

China’s enthusiastic property investors are turning their attention to luxury watches as a better store of value in the face of slowing economic growth and President Xi Jinping’s intensifying campaign against housing speculation.

In fact there is more evidence to tell that why Rolex, Patek Philippe, Audemars Piguet, Vacheron Constantin and Richard Mille are being used as a hedge against inflation. Many middle class Hong Kong people have stored up more buying power as they are not able to spend their money on travelling, outgoing for big dinner during these two years COVID lock down, moreover, they are having more time to search for alternative items for their money outlet.

Really there is a lot of attraction for buying Watch than property

1.Buying/selling luxury watches are simple, no need to go through law firm or signing any legal document

2.No commission between seller buyer, but may have commission 6.5% at Chrono24

3.The turn-around time is just a 3-6 months for Rolex whereas property takes 3 -5 years for good yield

4.You can store you watches at home or a vault in bank

5.No tax involved in buying or selling, no need to declare income tax

6.No maintenance fee for watches

7 Very low risk base on these two years trade records provided you are buying the right models

8.The trading amounts is starting from HK$150,000 which is having lower amount that most people can afford, as for a real estate entry fee is a few million HK dollars.

9.Here I don’t mention Vintage Rolex as they are requiring a lot of product knowhow. Some exceptional rare expensive items may go for Auction for higher return.

Watch is a new currency now as you can carry a watch of US$1m out to any country.

Selling to dealers

Direct to dealer with cash, they buy fresh watches preferable within two months but profit is lower as they trade in volume. There are about 600 dealers in Hong Kong.

Selling to end user

The profit is higher but you have to know the ways

Trade security is also important if you don’t know the buyer as we always prefer trade with cash, which is simple and easy.

Many commercial channel can help you on this fb, IG, Carousell, fb market place, Chrono24, Watch box… etc

HK Snob

 

Rolex Tiffany Blue cyclone

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