Hailey Bieber is wearing Rolex Day Date Ref 128348RBR Turquoise 36mm,
Shum Lai Heung is wearing Rolex Submariner 16610LN, Neo vintage Submariner 40mm
Joey Tyee is wearing Rolex Day Date 118238 black dial.
These are watches for men, now being used by ladies, so this is one of the reason why the watch demand is getting high.
HK Snob
All Rolex watch price increases as an average of 3.4% in Hong Kong Boutique starting today.
Effect is all grey dealer price increases accordingly.
HK Snob
Discontinued model
Rolex Daytona steel 116500 was speculated to be discontinued
by Jan 2021, price was raised to $310K highest ever by Dec 2020. Now the price
of it is still moving around $280K. I think it will not be discontinued by Q1
2022.
Tiffany Blue
Since Patek Nautilus 5711 steel Tiffany blue hit a auction price of $40M. All watches come with Tiffany Blue because the target of all watch lovers, flippers and dealers, it reached price of $670K yesterday.
Today another seller is asking $1.8m! I can’t believe my
eyes. Well, I think there might be people buying but there are still many
cheaper offer from $200K to $600K… he has to wait for all the lower price watches been sold first. He may have patience to. But I cannot underestimated
the operation fo Rolex
They might have controlled not to produce as many as Patek
5711 Tiffany blue 170 pieces.
That is killing all watch lovers and we think Rolex is the
new currency now. Cash in bank gets no interests but Rolex can make 200% in one
year.
What is next after Tiffany Blue?
I think there is a hidden diamond under the palm tree, yes
the Date Just 126234 Palm green with jubilee bracelet as I have seen juts three
pieces in the past 8 months in Hong Kong.
Well, I am looking for another one
General market situation
Generally we see more buying and trade in these November and
December due to Xmas season and new year, and I think price is better for
December, as no one want to keep a watch over the year, it will become 2 years
old after December 2021.
If you want to buy watch from open market get it now, price
is usually lower for Date Just or non-popular models. For those hot items, the
price will be getting higher after January as factories are closing for Xmas
and new year vacations.
HK Snob
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 170th 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
How much do you think it worth now? I think it is about HK$1,000,000!
HK Snob
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
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
Limited to 90 pieces
Watch only
running in great condition
HK$330,000
HK Snob
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
Price HK$88,000
HK Snob
Orange is super rare, you not even able to find one on Chrono24
Price HK$93,500
HK Snob
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
Because the brand name says everything
HK Snob
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
