Rolex 1675 GMT Master Pepsi

Used GMT Master Ref 1675 in excellent plus condition with box but no Paper.

Asking HKD$52,000 cash.

HK Snob

 PS watch sold on 17 March 2015

Service Charge of a Swiss Prestige Watch

This watch Company was established in 1839,

They produce now about 45,000 watches a year.

Entry level is HK$84,000  for a lady model up to $2.7M as on the price book… special model is not listed here.

This is the Service Charge for their watch:

Battery Change $1,000

Standard maintenance fee for Quartz watch $4,550

Standard maintenance fee for manual wind watch $5,800

Standard maintenance fee for automatic watch $6,650

Primary complicated Watch Maintenance fee $8,750

Secondary Complicated Watch maintenance fee $12,500

Triple Complication watch maintenance fee $ TBA

Watch over 20 years of usage maintenance fee $ TBA

Inspection fee $1,000

Archive check on watch $900

Some of the complication watch may have to be serviced in Switzerland $TBA

Polishing case (all model) $1,000

Polishing Case and Bracelet (all model) $2,000

Nautilus Case $1,400

Nautilus and Bracelet $2,800

The Above price is in HK Dollar, purely for your refernece only, exact price will be quoted by Patek Philippe

Service Duration 2 months to 1 year.

HK Snob

Don't Miss the boat!

 Patek Philippe Ref 5711-1A

Many people were surprise about 20% price reduction for a Swiss prestige watch company wasn’t common in the past.

Base on what we know that PP isn’t that insane, well, knowing that HK is one of the World largest hub for PP official and grey dealers. There is an estimated HKD$490M worth PP Stock., assuming an average price of HKD$200,000  that may have a number of 2,450 watches…it is a lot as PP produces thousands of watches a year.

So treat this as a Special Offer from PP, if you want to buy a PP, it is a great opportunity to buy Now!

For your reference, PP will have such a price adjustment on the following countries:

Switzerland Decrease by 5%

EUR Countries Increase by 7%

Great Britain unchanged

Asia-Pacific decrease by 3%

Hong Kong decrease by 7%

Japan increase by 5%

Americas  decreased by 7%

And I think PP is using this to Clear off the existing stock of the grey dealers, makes them unsalable, offset their profit margin to zero or even negative percentage.

90% of HK grey dealer PP is from Europe, 7% price of increase will block the grey dealer watch import from some of these countries like Italy, or at least reduce their profitable margin. 

We don't feel surprise that PP will likely increase big percentage the price sometime later or on June 1 2015!

Let’s Watch out.

In NYC

NYC Biochemistry PhD student bought with USD$26,000 (HKD$202,020) at PP AD.

In HK

If a PP 5711-1A was HK$220,000  before 10 Feb, the new price is HK$ 172,800 now.

HK Snob

Shocking News, Patek Philippe Reduces Price by 20 Percents effective Today!

Effective immediately, Patek Philippe reduces Price of all old models 20%.

Whereas they reduce 7% to 8 % on all 2013 and 2014 models.

This is a shock to me as Patek Philippe should not go that far for 20% price reduction.


HK Snob

After Panerai, Patek Philippe will likely reduce the price tomorrow

After Japan had increased the price of Rolex 4% to 10%.

Audemars Piguet increased some HK$ 6,000 on model like 15202ST , follow by Germany with adjustment of 7% on 1st Feb,.

Panerai reduces all model by 5%.

There is rumour that The prestige line of Swiss most renowned brand of watch Patek Philippe will reduce their watch price by a few percents on 10 Feb. Let's see if that is true and how much.

I heard that UK will increase price of Rolex on 1st June.

So we can tell that Market of luxury watch is slow. we don't know when Patek Philippe price will be increased?


HK Snob
Watch Fever

Three Iconic Stainless Steel watches with Blue Dial that you may need to wait for months

What kind of watch that you may not able to buy even you have money!?

Well, these are three of them:

Patek Philippe Nautilius Ref 5711-1A Blue Dial or grey dial.

It has been discontinued,  I should say super rare though is still in the PP price book with List price HKD$220,000 as of today.

Someone who waits 8 months and 3 years in Hong Kong and New York respectively. 

Audemars Piguet Ref 15202ST Blue Dial 39mm 1972 Drop logo "AP" Retro.

The Logo AP is situated at 6' oclock position
List price $178,000

Ademars Piguet Ref 15400 ST Blue Dial 41mm
List Price $140,000

Each of them carry a story and I believe most of the watch collectors may have at least one or more than one fo the above watches.


HK Snob

Swatch Fever is Back

This is Tresor Magique, which means MagicTreasure.

I have been collecting Swatch since 1990 to 1993.
Hocus Pocus, Golden Globe, Gold Jelly, People, of course, I did not have Puff nor Kiki Picasso....

Recently, I saw someone' s collection, I feel like
"back to future"!

These are some of his collections.

The Tresor Magique is Platinum watch, first time for Swatch to use such precious metal on their watch.


HK Snob

WFC HI TEA TODAY 6 FEB 2015

We have nice gathering  today, these are the watches we have:

Rolex Seadweller Ref 116600
(watch for low profile business practitioner)

Rolex Date Just II Ref 116333 two tone.
(watch for young and stylistic)

Cartier Crash 18KT white gold with Diamond
(for die hard fan of Cartier, and celebrity)

Cartier Crash 18KT in yellow gold. (ditto)

Rolex Daytona Ref 116509 18KT white Gold.
(for those who can appreciate the essence of what Real Rolex stuff is)

Rolex Ref 17014 Oyster Ouartz in steel,
(for those who knows oysterquartz)

Roger Dubuis Much More
(for those who always forget what date is today like I)

Thanks to you all, it made me drooling this whole afternoon.

HK Watch Fever
HK Snob