Quartz movement with 3 years battery life
Bioceramic 42mm case material on NATO strap
There will be official open for sale at Swatch AD in three branches
CWB, TST Ocean centre and Mongkok Langham
Max. purchase per head is two pieces
Price is HK$2,100
What is your choice?
HK Snob
Antiquorum witnesses 50 years of Royal Oak | Antiquorum Auctioneers since 1974
I am thinking the price isn't too high at all, well, we will see what final auction will be for more of the rare AP, such as Salmon Dial Royal Oak Perpetual Calendar, A series 5204 in Gold or Steel.
HK Snob
Quite obviously we can see watch market has been slow down
in end Feb. till now, as most of the dealers are liquidating their funds to
keep the purchasing power for new watches after Watches and Wonders 2022 by 30
March. Some of the current deals are good if you had the hard cash, but who
knows what shall it happen on April?
Well, I am optimistic about the watch markets, especially
the Big Four or Big Five watches. However many of my friends, Bloggers,
dealers, collectors are on panic sale in these two weeks.
Refer to Morgan Stanley Research, we can have a glimpse on what
has been showed from 2020-2021 on Swiss watches performance…
At the beginning of COVID-19 Rolex had been shut down some
of the production in 2019 with output about 700,000, However on 2020, they have
ramped up their production to 810,000, and even with 1,050,000 in 2021. Refer
to the attached chart, Rolex had reached 8B CHF in 2021. Followed by Cartier
with 2B, Omega, Audemars Piguet over taken Patek become No. 4 with 1.6B, follow
up with Richard Mille and Vacheron Constaintin… What I have noticed is that
amongst these big players, Rolex had almost double its revenue in 2021 comparing
with 2020, Well, Vacheron Constantin is the second biggest growth in revenue
about 40%, may be the Overseas and FiftySix are gaining attention of those who
cannot get Nautilus and Royal Oak at all.
Base on these figure if say the Luxury watch definition is
US$5,000 to US$50,000. There is not too many Luxury watches falling into these
range from these top ten watch maker of Switzerland. Take for instance, Switzerland
produces 6M watches a year in 2021, there is only a fraction of them going into
the “Luxury Category” may be only 20%, that is about 1.2M watches a year.
Do you think 1.2M Luxury watches will be more than enough
for those discerning client all over the world?
Don’t ignore that there are about 5M new Millionaires with
asset of over US$1m created in 2020. So every year there will be 5M-7M people
coming into this Luxury market. They are never short of cash just
many of those are FOMO of those Nautilus, Royal Oak, Aquanaut,
Overseas, Daytona and RM.
So I am sure that the so called Watch bubble will not burst
at least within the year 2022.
HK Snob
Its super smooth, quiet and accurate with less than 1 second gain a day in these two weeks.
It comes with an Archive paper, and the original box and booklet.
HK Snob
This is the 2022 new releases AP Royal Oak, 50th anniversary
after Audemars Piguet launched the first Royal Oak in 1972.
With a refined design wider bezel, deeper chamfer on the
edge, notably that the size is diminishing as other major brands going to be small
and thinner.
This is 37mm, well, back in 5 year ago, no one could expect
size like this would be the trend. Additional models in 41 and 34 mm (for
ladies) will be available in the second half of 2022 to continue the Royal Oak
Jubilee. For now, the new 37 mm models are only available in stainless steel or
in stainless steel with a diamond-set bezel.
Colour
·
Royal Oak ref. 15550ST.OO.1356ST.01 with silvered
dial
·
Royal Oak ref. 15550ST.OO.1356ST.02 with Bleu
Nuit, Nuage 50 dial
·
Royal Oak ref. 15550ST.OO.1356ST.03 with ruthenium
grey dial
·
Royal Oak ref. 15550ST.OO.1356ST.04 with light blue
dial
I like the Light blue if I could get it as this looks the
colour of Tiffany blue.
This is not the same profile as the first Royal Oak 5402
Jumbo 39mm, 7 mm thick. This is 37mm diameter with 8.9mm thick.
There is no “automatic” printed on the watch. It is
Automatic with the new Audemars Piguet calibre 5900. Composed of 186 parts and
29 jewels, the automatic calibre 5900 provides a power reserve of 60 hours when
running at a frequency of 28,800 vph. Eye Catching features of the ‘50-years’
oscillating weight in rhodium-toned 22K pink gold which will be fitted to all
watches during the year 2022. What if the watch on 2023? No such “50th-Years”
Possible, as AP would create a super hype on this model!
I can’t decline they are wrong being a watch company, “50th
anniversary” is a big event.
With the new Audemars Piguet calibre 5900 also comes a
slightly thinner case construction measuring only 8.9 mm in thickness which is
definitely an upgrade from previous models.
SRP Price $24,100 USD (HK$188,000) and $33,200 USD with
Diamond-Set Bezel.
Availability, unless you are
SVIP, or there is difficulty to get one at SRP, probably by end of the year the
market price of this watch will be going up to HK$2,000,000 if they have only
One-year production! With the 50th anniversary feature on the rotor!
Related size from other major brands
Rolex Explorer I Ref 124273, 36mm
Vacheron Constantin 2300V 37mm
HK Snob
Courtesy pictures of Watch collection
lifestyles
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
HK Snob
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
HK Snob
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
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
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'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
Vintage Rolex collection
Too much knowledge on Vintage Rolex Collection to tell and
there are too much tricks from the dishonesty sellers.
Is that the original bezel of your 1979 Rolex Submariner, or
arguable MK III of Mark IV of your GMT Master. This is puzzle to some of the
newbies or green Rolex collectors.. But it would affect the price significantly.
Though this had not been the role of Rolex to tell you. Since Rolex announced that don’t want to authenticate
vintage watch at RSC in 2020, that would give a negative impact to the vintage
Rolex Market.
More people would prefer buying new Rolex or neo-vintage instead
of vintage.
Such as Daytona 116500LN or 116520, their earlier generation
15620 Daytona would be the cut off line of new and vintage Daytona. Daytona
16520 price had stopped rising up as fast as 116520… not mentioning older
Daytona such as 6253, 6265.
Similar case of Vintage GMT master 1675, more people
preferred buying 16710 as they are known to be less “troublesome or arguable”
on the watch market.
New Rolex
All new Rolex price has been shot up 30% in past 6 months.
New Daytona gold watch on silicon strap is $500,000 or more
New Daytona gold watch on gold bracelet is $700,000 or more
New Daytona green 116508 is now $800,000-950,000
New Daytona steel 116500 White is $400,000!
How about the colorful OP 124300 41mm
Well, Tiffany blue is still leading the race $275,000
Red is $140,000, green and yellow is $135,000.
So what is your choice in this Rolex Price Race?
I always buy those watches that is currently understated and
keep them.
So what is your target in your mind now?
This was an interesting questions someone posted to me in
the last few days
HK Snob
Remarks
Unit here is HKD, Hong Kong Dollars, 1 USD=7.76 HKD
Price shown here is just rough reference as they change everyday
