Watch Sales in Hong Kong 1H 2021

Today there are a lot of transactions about Rolex watches are focused 90% on new watches and 10% only on vintage, which loosely refers to watches 25 years or older. 

There are reasons that too risky to buy those vintage as there are too much knowledge you need to or you will lose in the game buying some Frankenwatch or low valued stuff you paid with high premium. 

I would rather spend effort on those neo-vintage such as those watches made between year 1998 to 2008 Because they seem not too old to be vintage, not too young to be modern. However over the years I see that more people will go to these watches as they are considered less in number of units available, not necessary to go for Rolex authentication, future value will be ensured to be promising.

Examples are  Daytona 116520 P series white dial, 116520 A series black dial. Patrizzi Daytona W series, Kermit submariner 16610LV, Sea dweller 116600, Single Red MK I 126600 etc...

My ten cents comment!

How about your suggestion?

HK Snob

 

Daytona price seen down fall a lot today!

These few days we have seen a  significant downfall of Daytona white steel (116500LN) price. It is from last week's  $270,000 to today's $255,000. And there is real transaction.

Many potential Daytona buyer welcome seeing this signs for price going down where they can possibly buy one.

Some even expect that the price will go down further same as last December 's $210,000.

Well, that is still 2X the price of AD's SRP...

What do you think its price will be in May 2021?'

HK Snob

Daytona Price drops in these ten days

 Daytona price is first seen drop after all these years of going up.

It was shocking high price before Watches and Wonders held in 7 April as people kept speculating the discontinuing of Daytona 116500LN. However, they found 13 of models gone but added in 16 new models. The steel King White 116500LN is still existing. Dealers who has stocked 10 or 50 pieces  started to feel uncomfortable. These few days we see a price drop from last week’s  $290,000 to today’s $270,000

How about tomorrow, we know not... the one who bought last week would definitely not willing to see the price drop again. And who has prepared money is now waiting to see when he should move in buying!

Units are in HKD

HK Snob

UNDONE X POPEYE Crossover box set LE 50 sets

 

UNDONE has been doing on his Popeye partnership, creating an exclusive limited edition of 50 sets box set.

This consists of three watches representing Sailor Popeye, his beloved Olive Oyl and his burly nemesis Brutus (or Bruto).

Five of these are available for purchase exclusively to aBlogtoWatch community member via a unique sign-up link.

Another five set goes to me via good friend of  UNDONE executive.

However all 4 sets are allocated to friends of mine in Hong Kong, USA and Philippines.

They are having number 01/50, 08/50, 18/50, 28/50 and 33/50.

If you like to get one of these, do contact me, as far as I know there may be 1-2 sets are available.

Price is USD$1,499 a set.

HK Snob

How many Nautilus 5711 you think Hong Kong AD could possible get in year 2021

 

According to Swiss watches export data. there were 53,000 Patek Philippe watches made in 2020.

There are 8 series

Grand complication (35)

Complications (40)

Calatrava (18)

Gondolo (7)

Golden Eclipse (2)

Nautilus (30)

Aquanaut (10)

Twenty 4  (12)

Total there are 154 models Patek Philippe shipping into our hands through 378 distributor and boutiques in the world, where as there are 11 authorized dealers in Hong Kong,

I make is simple to even distribute the total number into model and AD in Hong Kong.

We gee het this number

Each model carries 53,000/154, that is 10,324 watches

And there is only two 5711 models in Nautilus series, that is 10,324 x2/30, that is 688 watches

These 688 watches will be distributed, again I make it even destitution to 11 Distributors in Hong Kong.

That is 688X11/378, that is 20 pieces

From these, I derive from the numbers that we should have more or less 20 pieces of Nautilus 5711 a year in Hong Kong.

Well, may be more if Patek think that they should give more to the thirsty Hong Kong Patek fans.

HK Snob

What is new on Watch and Wonders on 7 April

What is new in tomorrow’s Watch and Wonders in Switzerland?

There is a lot of guess and speculation on what is new in tomorrow announcement on what is news for Watches…

As for example, there is a lot of proven or solid insider’s leaks on Rolex. 

But here I guess this is it for Rolex

1.       Daytona 116500 steel will be continued, price will be more or less maintained won’t drop a lot.

2.       There shall have Oyster bracelet for Batman in new series 126710BLNR and Pepsi 126710-BLRO

3.       There is new Explorer II but I believe there is no surprise, may be 41`mm only, probably with ceramic Bezel

4.       New Explorer I in steel and two tone with 36mm dia.

5.       How about others, I don’t know. Let’s see tomorrow

HK Snob

Evergreen container ship grounded at Suez Canal

 This is an accident that wind could cause, likely the wind could blow a world most powerful man three times down on staircases...

Can't underestimate the power of wind...

We can't under estimate the consequence could cause, the shipping fleet will lose USD$7B a days as hundred of vessels can't get passed the Suez Canal, they have to burn more fuel 20-30 tones a day to go through Cape Town with additional two weeks delays on all goods.

This is a kind of mocking at some of the small individuals that are still hoping to get a Daytona steel white at SRP at AD. I think you may wait for years, well some of us get it... guess they have bought so many slow moving watches such as  Date Just or dozen of Tudor before get one of his desired watch at SRP, eventually the money spent is more or less the same of even more. But he can show off saying that he is real SVIP on fb and or IG that he is one of the very few who can get Daytona at SRP... This is great happiness too for them.

Well, I have new interpretation on AD, its "After Death" for Daytona, not "Authorized Dealer". if my son may get one after I am gone... but by that time, the model has been discontinued! Sad!

Back to the huge Sampan that blocks across the canal, it may take 1 month to be clear.... Sad too

Aftermath it was clear for the Suez Canal with Evergreen vessel afloated today.

HK Snob

Patek's new guideline in Extracts of Archives

After 1 Apr, the price for an Extract of Archive will be CHF500

I think tomorrow will have more people going to Patek applying tor their Attracts.

 Take note,  watch sold up to 1989 will be served, if you want to get an extract, go before the price changes.

HK Snob

 

UNDONE x Popeye & Friends Limited Edition Boxset

 如果你有返咁上下年紀,七八十年代最流行嘅卡通片Popeye , I am the sailor man 好流行喎，我諗影響你好多了因為尤其是細粒嘅男兒都希望食咗大力菜之後可以切低果D大隻佬！好似我咁，三兩招切低對手。但係找不到真的大力菜 😂  

今次Undone 出咗款新嘅玩意:-

整套三隻錶。

值得擁有, 因為限量只有50 套！

兩隻大莊都係自動肉44小時儲時能量，女裝係石英肉，四月份推出。

Orecleoftime.com 已經訂了五套。

我今日一口氣五分鐘內已經訂了五套，留低一套比自己，其他四套已經名花有主！Undone 的老闆又比VIP 留咗D幸運號碼。

價錢是$1,499.00

HK Snob

The jewels of your watch

 La Pierrette is a small great company making only one product, the Rubies for Swiss watches. Rubies are jewel bearing for precision tiny gear wheels inside a watch to reduce friction and hence to maintain good time keeping ability. This company is owned by Patek Philippe, Rolex and Richemont group, located in Vallee de Jous in Switzerland, having only 120 staff occupying 88,700 sq. foot factory space. Supplying 40-50 millions of rubies a year that could possibly be contained in in 2-3 1.5L jars! Each of the rubies or jewels are manufactured within precision of 2-3 microns.

Types of jewels in a watch

1. Hole jewel

2. Cap jewel

3. Pallet jewel

4. Roller jewel

Colour of jewel 

99% watch jewels is fuchsia, but RM is using black as they are more likely matching the skeleton movement design to look cool!  La Pierette had started this manufacturing in 1915... well that company can supply the rubies for these companies yearly consumption: Patek Philippe, Vacheron Constantin, Audemars Piguet, Rolex, Panerai, Richard Mille, Omega. etc. 

Remarks : each manual winding watches contains 17 rubies, automatic watch has 21 jewels. RM-11 has 68 jewels and most complicated watches has  242 jewels. Each of the jewels having cost of a few Swiss frans! 

HK Snob

 

Will Richard Mille follows the same path of what Panerai did in the past ten years?

Richard Mille is youngest and probably is one of the highest profit watch makers. 

Their production volume if not high but the price is, so revenue is very high. 

I had tried the RM-11 which was fantastic for the first impression and there they have launched newer I can't remember only RM-11 had how may variety on dial design, plus combination of material and minor design feature.

They have Titanium pink gold case, they use ivory embedded on the crown and or black carbon bezel,  circular case and bezel of RM33, RM62 looks like the Eclipse of Patek ...etc,

Yes, we see RM is doing very good in sales, and their watch is very expensive, they use High technology material and innovative design, but in 1969, the high tech quartz had brought Seiko a success, but later took over by Swiss on the mechanical watches again.

The recent RM27-04 designed for Rafael Nadal which is US$1M... 

RM is an success, interesting to understand what is their marketing strategy for the next 5 or 10 years to keep them in the top if the luxury lines of watches.

Well, I really hope that it will not follow the same path as Panerai in the last ten years, by making too many similar models, limited edition after another limited edition with similar or even equal design.

HK Snob

Rolex Daytona will continue on the rise?

What is in the hype now?

In 2012-2018 the hype was GMT Master no matter the green pointer 116710LN, the Batman 116710BLNR, the Vintage 1675, Pepsi 126710BLRO and the latest Batgirl 126710BLNR are the hot topics in social media.

In 2018-2020 was SeaDweller 126600 Single Red, we started selling at $98000 up to $114,000.

September 2020, Rolex launched the colour OP (Oyster Perpetual) with 31, 36, 41mm.

Initially there were some stock but no soon later there was no more.

Ref 126000 Tiffany Blue $92,000

Ref 126000 Green $89,000

Ref 126000 Orange $82,000 

Latest price of Rolex at dealers, not Boutique as there is no way for getting a Rolex Model at SRP nowadays without long waiting. 

GMT Master II Pepsi 126710BLRO $150,000

GMT Master II Batgirl 12671lBLNR $142,000

Submariner
126610LN Black $100,000

126610LV Starbucks $148,000

116610LV Hulk (discon.) $142,000

Daytona

However, ever since 2009 up to now, people never stop talking on Daytona. Meaning Daytona s the perpetual talking point. 

Daytona Green gold 116508 was $356000 in 2020 but now $490,000

Daytona ICE blue platinum 116505

$720,000

Ref 116519 Grey was $226,000 in 2019 and now $300,000

Ref 116500 Daytona White dial was $190,000 in 2019

Now new one is $230,000

People asks if one day Daytona steel 116500LN would reach price tag of  $320,000?
I think possible. As whatever price is under Rolex’s hand, if he reduce production 20%, price would be up 30%! Simple. Just if they want to do it or not?

Last but not least, what is best to buy now?

Most of the people had switches focus on Daytona rather than GMT Master or Submariner.

Something that you like and not losing value over time… Daytona 116500LN White or 116508 Daytona Green dial if you like the look which is not my cup of tea.

Price listed here are for reference and are subject to changes daily. And it depends on if that is new old stock or not.

 Price listed here is HKD 

1 USD=7.75 HKD

HK Snob

 

Patek Philippe 3700 Khanjur on sale

 This is a rare piece of Patek 3700/1R, year 1978 unworn full set

Watch is in Hong Kong, price is US$1.9M.

Interested part can contact me for more information.

HK Snob

Albert Wong R.I.P.

 黃牧其實就係古鎮皇，80年代好出名嘅作家，著作有金錢遊戲，投資指南，旅遊雜誌，他收集古董墨水筆，名錶。他一個人就住3000尺嘅studio 屋, 冇結婚, 曾經有一面之緣因為同香港筆王TK 係老友記, 1992, 1993 年在灣仔天地圖書館開左個古董墨水筆筆展我哋去過兩次買咗唔少墨水筆.王牧一年有三季在外國旅遊嘆世界。聽到心情都有唔係好舒服，人生苦短，愛要愛到盡，錢要花凸，見到心頭好而有升值潛力的，買！

大表的潮流

 大表的潮流 

講起Panerai, 1990年代只不過一個意大利一個街邊小店. 根本無人認悉，而那時侯重未興起超過40mm 的大型手表。想當年香港筆王TK Lee擁有自己嘅時裝旺角在Landmark，太古城，太古廣場有十三間店時裝店，Try Me, Momento, Marizo Bonus. TK 自己經常啲去意大利辨時裝.週時經常一家小店同老伯伯打招呼，因為無生意.大有時間吹水。店也吾出名，當時無太多用勇於戴這大型怪獸表。Panerai 屬於冷門表，但係那時侯已經出現了有Panerai 致駕勢的設計，簡約，大隻44mm , 47 mm, Tritium 夜光3，6，9， 12 ，兩針，半圓形霸的guard 直到1996年Richemont 用銀彈政策先至開始托起Panerai 亦都搞得有聲有色，所以你問我Panerai 早期嘅錶1993到1996 年代表作最值得收藏。那時侯是Pre-Vendome 資本運作的，因為規模少所以產量更少。有啲型號甚至只出兩隻。而有最原始的意大利優美設計。1996 史泰龍拍 Daylight 帶住呢隻201/a開始帶出大表潮流，繼而阿諾舒華辛力加同時帶啲Panerai 表就把超大型錶帶入呢個亞洲市場！

後來2003年阿諾舒華辛力加拍Terminator 3用嗰隻錶足足54 mm大就是AP嘅T3 

手表嘅設計就越來越大⋯ 

後記

我上過筆王李半山大宅。屋企內大概有4000支墨水筆！目不暇給真係一時無兩！佢要收埋好多 Patek Philip呀寶璣呀，AP, Rolex 錶!

HK Snob

A few watches on sale

These are watches located in Manila, to be traded in Manila. The Daytona 16528 Floating line inverted 6 R series with Rolex Service paper and Box. Submariner 16618 purple dial L series, Patek 5134J Calatrava year 2002.

GMT Root beer 16753 6-series.

HK Snob