We all know it's difficult to predict with
certainty what the exact trends in the high-end luxury watch market will be
over the next five to ten years, as consumer preferences can be influenced by a
variety of factors such as fashion, technology, celebrities’ preference, watch
maker influence, and cultural shifts. However, based on current trends and
market indicators, there are a few predictions that can be made.
One trend that may continue to gain
popularity is the customization of luxury watches. Some high-end watch brands
offer customers the ability to customize their watches with different
materials, colors, and finishes, and this trend may continue to expand over the
next few years. Typical example is Rolex Day Date “puzzle” at W & W
premiere 2023 that will be having MSRP $0.5M, I can say the market price will
be not less than $1.5m.
In terms of price trends, it's difficult to
predict with certainty how prices will change over the next five years. However,
based on historical trends, it's likely that prices for high-end luxury watches
will continue to rise over time. Remember the price of watch was low in 2011
and starting 2012 price started to move up till 2022, that is ten years cycle,
I strongly believe by end of 2023 watch price will start to move up. Now we all
know Rolex price is moving at its lowest range after the highest price record
in 2021, at that time a Daytona White ceramic 116500 was about $450,000. Now it
is about $290,000. A Submariner 116610LN
New was selling $120,000 in Nov 2021, now probably we can get one two years
watch NOS at $95000, that is a 24% price drop.
Athletes, movie stars, and singers can have
a significant influence on watch trends, as they often serve as brand
ambassadors or are seen wearing certain watches in public. Based on current
trends and market indicators, there are a few indications of which watch brands
and styles may be popular among these influencers in 2023. Brad Pitt worn a Vacheron
Constantin “222”, a 37mm solid yellow gold watch in 2022.
One indication is the continued popularity
of sport watches among athletes and other active individuals. This may include
watches with fitness tracking capabilities, durable materials, and other
features that cater to an active lifestyle.
Another indication is the growing interest
in vintage and retro-inspired watches. Many high-end watch brands are releasing
new models that pay homage to classic designs from the past, the 2023 retro of ingenieur
of IWC, Vacheron Constantin 222 in
yellow gold. and these watches may appeal to movie stars and other celebrities
who value timeless style and sophistication.
In terms of watch brands, Rolex, Patek
Philippe, and Audemars Piguet are all popular among athletes, movie stars, and
singers, and may continue to be in 2023. Other brands that may gain popularity
among these influencers include Hublot, Richard Mille, and Omega.
Ultimately, the influence of athletes,
movie stars, and singers on watch trends can be difficult to predict, as their
preferences can be influenced by a variety of factors such as personal style,
brand partnerships, and cultural trends. However, by staying attuned to the
brands and styles favored by these influencers, watch enthusiasts can gain
insight into the broader trends shaping the high-end watch market.
I always think that there have been a lot
of gatherings in Switzerland from the big watch makers to lay down some road
map on what should they do in creating new watches in the coming years.
John Mayer’s gold watch such as Rolex
Submariner in gold, Daytona green dial 116508, Daytona Paul Ip 6263. Meaning
certain Daytona would be a good watch to be worn by the singers. It is a good value
keeper as a watch. Week End debuted to uneven reviews at Cannes yesterday, where
the singer continued one of the most sensible horological trends of 2023. Size
has been changed from 40-42 reduction to 36-39mm since 2018 until now. Even
some men wearing Cartier Crash which I presume that is a smaller watch. More thin
that how lady watch. Yes, The Week End’s stunning gem-set Piaget, the Limelight
Gala High Jewelry Watch, was technically designed for—and marketed to—women.
“More than a women's luxury watch…” reads a bit of copy on Piaget’s site. Can
you recall that there is a lot of persons were wearing lady watch back in 1985?
What is next?
Conclusion
Watch price will become stable and start to
rise by end of 2023
Watch size continue to be smaller in diameter
36-39mm
Gold as a watch material is getting popular
More peoples will go for dress watch of
course the ratio will not be as high as comparing with steel sport watch.
Lady watch as a new trend yet to be a norm
as in 1986 for male celebrity, need to be observed more.
HK Snob
Price here in HKD, 1 USD$ = 7,8 HKD