Mad overnight line up for two Swatch X Omega in Hong Kong

24 March at CWB

                                                                                   Morning at Taiwan 24 March

                                                                               Langham place, Mongkok.

 The new sale start at 1030 26 March, 2022, which is 48 hours in advance, there are  people line up at Swatch boutiques at Taiwan, and Hong Kong. How about your city?

So guess the Tiffany Blue may be sold on line for HK25,000 in the first three day, I guess, rough guess only. Carousell has some selling post for Alaska Project (Red) with HK$20,000. I just saw eBay is now bidding with a current bid of 61,600 Pounds for Mars. 

It is not abnormal for this kind of episode happened exactly in the same location 30 years ago we waited for the Swatch X'mas special, Hocus Pocus, or Golden Jelly.

Suddenly I think of the movie " Somewhere in time" 

Time flies, but it is fun that I feel those happy time that I could get a Hocus Pocus with HK$600, then sold HK$6,000 two weeks later.

HK Snob

Follow my other Swatch Collection article

Hong Kong Watch Fever 香港勞友: Kiki Picasso Swatch (watch-fever.blogspot.com)

Swatch X Omega Bioceramic Moonswatch 2022

                                                                             Uranus

                                                                                Sun

                                                                              Venus

                                                                               Mars

                                                                              Earth

                                                                               Jupiter 

                                                                              Saturn

                                                                             Mercury

                                                                            Moon

                                                                           Neptune

                                                                               Pluto
This is 2022 Swatch X Omega novelties 2022.

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

50 years of Audemars Piguet Royal Oak

 This is a good reference or summary of those most sought after Audemars Piguet Royal Oak.

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

The Luxury Watch market and demand in 2022

At this midst of Russia-Ukraine war, US is manipulating his remote hands between two giants in the East and West to maintain for his hegemony.  On 14 March, US national security adviser Jake Sullivan raised concerns about China’s alignment with Russian in a seven-hours meeting with Chinese diplomat Yang JieChi as Washington warned again of the isolation and penalties Beijing… Warning again? LOL!

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

 

 

Audemars Piguet Royal Oak 25770ST In Orange

 This is a 1997 Audemars Piguet Ref 25770ST 42mm Offshore. 

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

The 50th Anniversary Audemars Piguet Royal Oak Ref 15500 in Blue 2022

Audemars Piguet Royal Oak ref. 15550 50th Anniversary 37 mm

This is the 2022 new releases AP Royal Oak, 50^th 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 “50^th-Years” Possible, as AP would create a super hype on this model!

I can’t decline they are wrong being a watch company, “50^th 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 50^th 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

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