King of Rolex

 

Whatever Rolex models are you interested in, Daytona is of no question the top if the list, the auction record is held by Daytona, no matter Paul Newman, Platinum Daytona, Rainbow, we are likely talking about the Daytona family. 
This is 16528 with Zenith movement modified lower beat to suit the Rolex requirement. a durable work horse, Don't miss it if you see one.

Top of the line is black floating line in with inverted 6 in black, porcelain white, black with diamond,

Lapis Azuli dial. Onyx dial ( I have not seen one yet) Creamy dial P series 116520... W series 16520 Tropical dial.

Reference price (actual price depends on if there is paper and condition of it)

116520 white $200K

116520 Black $180K

116520 P Creamy dial $1m

16520 Black A $220K White $240K

16529 Black Black Patrizi $300K

16528 Black no diamond $280K

16528 Black with diamond dial $320K

Current production model 116500 White $270,000 Black $235000 

HK Snob

Remarks, attached with a Goro's bracelet 

Grand Seiko Ginza Tiffany Blue SBGH297 LE 260 pcs

 Grand Seiko SBGH297 Tiffany blue Ginza Limited edition we just received it yesterday from Japan.

We went to Seiko boutique which was moved from iSquare to CKE beside Chung King mansion,  the sales ladies were surprise to see such a watch too, It is quite unique and beautiful. As we need to adjust the bracelet length to the right size to wear.

I need to comment is that the service there are awesome as they are all friendly and very helpful! 

SRP is about HK$48000, but likely its is selling over the list price in HK, Japan. 

HK Snob

Dress watch

 I have seen a lot of people go with the hype for steel watch, as they think that can be used everyday.

Yes they could be worn everyday, but somehow these kinds of steel watches are tool's watch.

Such as those Rolex Submariner, GMT Master, Explorer, Daytona and or Milgauss, they are rugged, bigger but somehow it lacks of a kind of elegancy and style.

Have you noticed that the salespersons in Broadway, Fortress, or Watsons, they are wearing these Rolex tool watch, like part of their uniform. When foreign visitors come to Hong Kong, they told me why many Hong Kongers are so rich, I told them they need to be recognized in public, and the easy way is to wear a Rolex, and most of all. They are good reliable watches.

You seldom see a salesperson nowadays wear a Cellini, Calatrava, Tank or a Reverso... 

In fact they are also durable, strong and could be used a daily watch with exception that may be not too good if you need to work outdoor where you may sweat a lot that may not be comfortable on your wrist especially in Hong Kong' s hot and humid Summer. Other season, they are perfect watches.

I like those dress watch size from 30 -36 mm diameter, I think this is wrong with a dress watch of 39mm, 41mm that is not beautiful at all even you wrist is large as 18cm -19cm. They just don't look right with this size and proportion.

Dress watch should be

1. clean dial

2, Manual or Auto 

3. size 30-37mm

4. Thin 2-5mm 

5. Stone dial would be an added value but rare now

6. Precious metals case.

I think they are adorable and impeccable in taste.

HK Snob

Strategy for buying watch at 2H 2022

 I think I have some idea if I suppose a watch collector towards what watches to buy in 2H of 2022.

Stay away from new watches of Rolex, Patek, AP and even VC as they are still hard to get and still all over MSRP unless those models that is not in the hype.

Try to find some of the best dress watch you like from these four brands, as they are easier to get.

If you don't like dress watches, then I think you can forget it.

Try to buy at good price from the vintage market for those watches that is likely holding up prices in coming ten years, and those you would like to wear frequently.

Patek Annual calendar, Calatrava, AP's Offshore the early one as that may be the hit by 2023 the Offshore's 30th anniversary, Vacheron Constantin's Overseas Generation One and Two. Rolex Daytona 116520 P series creamy,  Daytona 16520 W, U or T series, Fat lady 16760 Coke, Rolex Pepsi 16710, Explorer II Creamy Polar 16570 or 16550. 

These are still available in the market with a reasonable price, but I am sure their price will go up later on.

HK Snob

It is time to buy some other watches that is more affordable with discounts

When price of Rolex is down 40% now comparing with 1 year ago.

What is Rolex AD is doing to change the situation? Nothing can be done.  Instead they may increase price again in 2023.

What is Patek, AP, VC’s Price, they can’t escape the price drop, may be less serious as Rolex.

Still price drop is more than 25-30%.

Being a watch lover, what shall I do?

Patek, AP, VC does not recognize me as a SVIP as I really don’t have good sales records in each of their AD.

Rolex? Yes, I did buy quite a number of pieces, may be 15 to 20 pieces just in one AD. This AD is also changing their strategy by their manager directly to his “preferred client” so basically I can’t get any watches at SRP from them

Luckily I am not too crushed on their new watches, instead I like more of their great vintages…so I think I am not losing any opportunity as I am not their “preferred client” except the Vachreon Constantin 222, as I really like this 2022’ s 222.

If I were the watch lover, I will focus on some of the classic vintage such as Patek “Perpetual calendar”,

AP Royal Oak early pieces such as 15300, 15202, 5402, Havana Chronometer, Patina dial Royal oak of 37mm. As for Vacheron Constantin, I love Overseas 42042 37mm as it is still being underestimated, or Overseas Gen 2, I have one but never use it as I don’t like his size, it is too large…as for Overseas Gen 3, I like 2300V as it is 37mm. just right… Of course it depends on your wrist size, mine is perfect for a 37-39mm watch…

How about Rolex, well, seriously, Rolex is just a good quality tool watch, nothing could surprise me in their Innovation, design and history… If not able to get it, just pass it… does not matter anymore…

As for Vintage, some of Rolex 1675, 1680, 16520, 16550, 1665… those with Sapphire glass is good as for their water proof function is superior to be use every day.

Besides, there are still a lot of beautiful watches from Cartier, Breguet, Panerai, IWC, Jaeger LeCoutle, why we have to limit ourselves to Rolex only. and we can enjoy some discount on certain models.

Some Cartier less 15-30%, some IWC less 15-30%,  some new Tudor less 20-40%, Panerai less 20-40%! Why not?

 Buying a watch is to wear it, appreciate it and not keep them in vault waiting for their value to go up, that may take a long process. It does not worth for the watch to be used in this manner.

My opinion only.

HK Snob

Rolex Bubble

Still many people talk about there is no seen evidence that Rolex watch price will move up from it lowest dip now. 

I don't know if that is so bad as of this time. well, there is a Rolex price threat by 2008 Leman Brothers and 2019 COVID -19.

This time the dip is going to the untouchable bottom, but I think everything must have one end, after that it will move it. Whether in September or December 2022 only.

HK Snob

Paul Thorpe comments on his you tube

 Today You tuber Paul Thorpe has mentioned  a few things:-

1. Rolex will increase price by 8% in 2023.

2. Rolex will not use any leather on his watches.

3. UK and USA is his biggest export countries.

4. Rolex is running at full production now.

Paul is one of my favorite you tubes channels on watches. well, he had mentioned two weeks ago that

by September the Rolex price will start to move up instead of keep falling.

by my understanding, only if Russia-Ukraine war comes to an end or the Rolex price is still facing with 

obstacle to rise again.

Let's see 10 days later what President Xi and Biden would talk about ? That may give us some hints on 

what Rolex price would be.

HK Snob

Today Hong Kong Market price of Rolex, Patek Philippe, Audemars Piguet, Richard Mille and Vacheron Constantin Overseas

 Daytona Ceramic Panda 116500LN white $260,000 (119)

Daytona Ceramic Panda 116500LN Black $240,000

Daytona White 116508Ng $560,000

Daytona 116519g Black white gold $325,000

Daytona 116509NG white $459,000

Date Just Wimbledon 126331 Oyster $112,000

Date Just 126334 Black oyster $85,500

Date Just 126331 Sundust oyster $99500

Submariner 126613LB Blue $125,000

Submariner 126613LN $135,200

Submariner Starbuck 126610LV $150,000

Pepsi GMT Master 126710BLRO $160,000

DeepSea 126660 Black $103,000

OP 124300 Tiffany $240,240

OP 124300 Red $146,000

OP 124300 Silver $60,600

Audemars Piguet

15500ST Black $395,000 (533)

15500ST Grey $385,000

15500ST White $385,000

Patek 

5167A $580,000 (463)

5168G $800,000 (189)

Vacheron Constantin 

Overseas 4500V/110A-B128 Blue stainless $300,000 (466)

Overseas Mid size blue 2300V $240000 (13)

The unit shown here is HKD. We are talking about all brand new watches, used watch is not being covered here.

The Bracket shows the search result of that watch at Chrono24 which means ow rare it it...

Good reference for what you want to buy for future as rarer pieces is more preferred by me.

These are the price as of Today  24 July as an average trading price in the market, I am not talking about MRSP price which is not so much of a meaning unless you re SVIP who can het at directly from Boutique.

Note that these price Have been dropped about 25-40% over the last 6 months and the trend is still dropping

Speed of dropping fastest is Rolex, then Patek Phillippe, AP and least is VC  ,meaning that these Rolex and Patek were flipped more than Audemars Piguet and Vacheron Constantin.

How about RM, since RM is running in a comparatively small volume, and they re dominated by smaller groups of end user, they price is not really dropping too much.

Many peoples speculate that the price will see an end of dropping by September but some of the dealers are saying that it will happen end by December, so it is a bit [pessimistic, I am speculating that Rolex watch price will be stabilized by September.... but of course purely my personal thoughts, as I don't have a crystal ball to tell.

HK Snob

The difference of Vacheron Constantin Overseas Generation 1 Ref 42042 and 42040

 On and off we can see there is Overseas ref 42042 and 42040 which state also same 37mm diameter.

So what is the difference between this models? We can refer to the attached table. More ever 

according to the official reply to one of their watch fan, telling that Ref 42042 has a stronger and thickness movement which is more suitable as the movement on a sport watch.

As for dial, the early one is sigma, then T Swiss T, and the replacement dial Swiss made.

So the price of Ref 42042 and 42040 has a big price difference of about 30%.

How to tell your watch is Ref 42042? You can check the bracelet is engraved with "423J" that should be 42042.

How about Ref 42050, that is having a 35mm diameter Overseas. So the price is even lower.

HK Snob

When Rolex price will start to get back to normal?

 Today I visited some of the watch shops at CKE, TST of Hong Kong.

We talked about when the next Rolex price up will be?

I think September as by then the Russia Ukraine war should come to an end if not should 

be come to a resolution to stop.

Biden should find a way o sit down talking to President  Xi on how to get things moving on such that his seat at White House would be kept warm in November.

If that Russian war is settled , European, USA inflation will be having a way to be reduced. 

By then China had been fully recovered on it production capacity to regain momentum for chasing best GDP for the year.

And if so, the people will start to spend money on more or less more on luxury goods .

I pray for that... Let's see, only two months to go.

HK Snob