Watch Part V

[Weez911]

29 minutes ago, Damienic said:

Don't say the Nautilus...Even models like Hulk or Pepsi is already very satisfying...Haha...

I recall in 2019 when I received text "Mr xxx, your Hulk has arrived at our boutique and ready for your collection. Please let me know when you are able to come down". The feeling is so amazing...Then last month when the text arrived for SD43....They are still something I look forward to even though they might not be as coveted as the Nautilus..😂

Agreed. Rolex Sports is very hard to collect also because everyone loves Rolex. I was quite happy when I received my starbucks last month.

Edited April 22, 2021 by Weez911

[Damienic]

50 minutes ago, Weez911 said:

Agreed. Rolex Sports is very hard to collect also because everyone loves Rolex. I was quite happy when I received my starbucks last month.

Yes, although Nautilus is always seen as the most difficult to get SS model of any luxury watch brands in this world, hence the jubilation one gets when being allocated this piece. But for most Rolex professionals, the joy is there as well when one gets an allocation. 

Now I just waiting patiently for that text for Pepsi collection 

 

[Throttle2]

5 hours ago, Weez911 said:

Agreed. Rolex Sports is very hard to collect also because everyone loves Rolex. I was quite happy when I received my starbucks last month.

How many Rolex sports you have bro? Just wondering .  

[Weez911]

15 minutes ago, Throttle2 said:

How many Rolex sports you have bro? Just wondering .  

One.

[Throttle2]

14 minutes ago, Weez911 said:

One.

Oh so the new Sub is your first one....

Sub is a good start especially a green one at retail.  
 

[Count-Bracula]

On 4/10/2021 at 8:12 PM, Ltk said:

 Just saw it from some forum, no wounder AD yeaterday told me many brands are playing the similar  games, it going to be tough for new comer :  (

I post here it’s opinion. It tells everything just replace Patek with Rolex


Originally Posted by mwireless
Here is where you are wrong my friend. Patek has directly engineered the hype and will not let up because they are directly benefiting from it. AP and Rolex are following suit. Let me explain how and why.


Patek most certainly benefits from this hype and is also profiting directly way more than any gray market dealer ever could. If a 5711 is listed for 30k but the market price is 100k , there is a 70k difference right? Gray market dealers may grab some pieces at 80-90k and sell them for 95-100k making about 10-15k. They aren't grabbing them at 30k because nobody is stupid enough to sell them at 30k.

But the list is 30k right? Well in order for you to get one at list you need to spend 200k-300k and the Authorized dealers are telling you, Hey if you buy an annual calendar or calatrava or a watch for your wife or whatever other watch, you will have a better chance of getting your grail and instead of blowing 70k in the aftermarket atleast with us you will get something else for it. Most people buy into this and spend on other watches and guess who directly benefits 100% on that spread? Patek Philippe. In fact you end up spending probably wayyyy more than just that 70k difference.

While this wasn't the case even 5 years ago, it is the case today. What changed? Well PP began to incorporate the Hermes style of selling, It's coming down from the head of the company. This is the marketing technique that Hermes uses to sell Birkins... You need high dollar purchase history to be offered the chance to buy a Birkin bag. If you aren't familiar with this then it's hard to explain how well it works because it has been working for the better part of 50 years.

Also, Rolex and AP have basically kicked out any AD's that were discounting their watches in the past 2-3 years and have tightened up their supply as well. 3 Years ago if you wanted a royal oak chrono u could walk in and get one with a 10-15% discount. Now it's a 3 year waitlist. Walk into your rolex boutique and tell me you don't see empty watch showcases. All manipulation coming from the brand.

Did the whole world suddenly start buying watches like they were going to run out? Yes and No. Demand is certainly up but supply has been tightened as well. Why you ask? Why not just sell as many watches as possible? Well that's what they used to do and they had to discount watches. But you know what works better than discounting watches? Telling the buyer he can't have the watch he wants. The minute you tell someone you CAN'T get this, guess what happens. They do whatever it takes to get it. It's the cool club effect. Everyone wants to get into the club with the line outside that's hard to get into. Exclusivity sells.

So while you think gray market dealers are making off with 70k on these deals through some sort of price run up they are orchestrating the real game is being played by PP, AP and Rolex by tightening supply. Your next question should be well if they're tightening supply aren't they selling less watches? No, in fact they are selling more watches because they have tightened supply on only their best selling timepieces and in order to get them you need to buy their other watches which raises the brand awareness.

Why did the offshore take off and then popularity die off? It was limited in the beginning and then Too easily accessible. This is why TS discontinued the 5711. It's market manipulation but not by gray market dealers... Honestly have you talked to some of these guys? You give them way too much credit if you think they're able to manipulate the market LOL. I know so many dealers who have almost completely missed the run up on some of these watches because they couldn't understand what was happening. It's the brand itself that is doing it and benefitting wholly and directly from it. And it is the New Normal. If you think they days of getting popular watches at list is coming back anytime soon you are going to be waiting forever because this is not a market anomaly, it's a complete shift in selling strategy that is being taught and directed at the highest level down to the dealers.

This keeps the demand hot by limiting their best pieces (daytonas, nautilus, royal oak) and sales remain high at the same time because you are buying their other pieces to move up higher in line to get the best ones. I can't explain it any better. The brands are playing Chess, while everyone else is playing checkers.

 

 

Oh dang 😳

[Weez911]

8 hours ago, Throttle2 said:

Oh so the new Sub is your first one....

Sub is a good start especially a green one at retail.  
 

I have daytona, batman, dj41 and dj previously. I have sold them all after wearing them for more than 1 year. 

[Damienic]

1 hour ago, Weez911 said:

I have daytona, batman, dj41 and dj previously. I have sold them all after wearing them for more than 1 year. 

Can tell you are more into PP than Rolex....

[Throttle2]

1 hour ago, Weez911 said:

I have daytona, batman, dj41 and dj previously. I have sold them all after wearing them for more than 1 year. 

 

huat

 

[Dannnn]

Tgif!

[Weez911]

30 minutes ago, Damienic said:

Can tell you are more into PP than Rolex....

I like both (they have their own strengths) but yeah, I am personally more drawn to the PP's design. The Nautilus bracelet is truly a work of art, and the gradated dial is quite a sight to behold. Their complicated pieces are elegant, classic and beautiful. The perpetual calendar makes me feel great whenever I strap it on. PP's product range is more diverse and deep - and they use enamelling, marquetry, engraving and guilloche in some of their watches.

This 5270p is so so fking beautiful (wish I own this - I can stare at it whole day long).

 

29 minutes ago, Throttle2 said:

huat

I don't buy watches for investment, but good to move on pieces at a gain after wearing the hell out of them. 

Edited April 23, 2021 by Weez911

[Throttle2]

Yes , one beater Rolex is actually enough especially for more Dress Watch centric guy, like you

[Damienic]

1 hour ago, Weez911 said:

I like both (they have their own strengths) but yeah, I am personally more drawn to the PP's design. The Nautilus bracelet is truly a work of art, and the gradated dial is quite a sight to behold. Their complicated pieces are elegant, classic and beautiful. The perpetual calendar makes me feel great whenever I strap it on. PP's product range is more diverse and deep - and they use enamelling, marquetry, engraving and guilloche in some of their watches.

This 5270p is so so fking beautiful (wish I own this - I can stare at it whole day long).

 

 

More or less as what I have guessed from your sharing posts in this thread so far....PP is more classy and individually hand made (I believed) and it is really a work of art...Rolex is more used as a daily and tool watch....for me I like both but I can envisage why some collectors are more drawn to PP....I would imagine myself owning PP if that's possible but so far without a purchase history, it has been difficult to get started with the AD...happy collecting! 

[Weez911]

2 hours ago, Throttle2 said:

Yes , one beater Rolex is actually enough especially for more Dress Watch centric guy, like you

My collection is almost all sport/casual with only 1 dress at the moment.

15 minutes ago, Damienic said:

More or less as what I have guessed from your sharing posts in this thread so far....PP is more classy and individually hand made (I believed) and it is really a work of art...Rolex is more used as a daily and tool watch....for me I like both but I can envisage why some collectors are more drawn to PP....I would imagine myself owning PP if that's possible but so far without a purchase history, it has been difficult to get started with the AD...happy collecting! 

Thanks! I'm always waiting for the next watch.

I don't use any watch as a daily/tool. I realise that I will get sick and tired of a watch if I stare at it everyday 24/7. I need to rotate with a time gap in between each watch to minimise that 好吃抵不过新鲜 scenario from happening. 

Re Patek collecting, it is not easy if you are going for just Nautilus and Aquanaut. It is almost impossible from AD now unless you have a good spending history. However, now is a brilliant time to collect dress watch. 👍

Edited April 23, 2021 by Weez911

[Throttle2]

Haha, Patek watches are all considered “dress” to me.   Heehee. 

[Weez911]

2 minutes ago, Throttle2 said:

Haha, Patek watches are all considered “dress” to me. Hee hee. 

I will feel very uncomfortable wearing my Nautilus and Aquanaut to a black tie event. That's my litmus test for a dress watch. I'm not a celeb like Beckham, Jay Z or George Clooney who can wear whatever they like... I will feel very awkward whole night even though I know no one is looking at my wrist. It's just me.

They are not sport watches to me too because they are not robust like Rolex sport, hence I see them as casual watches (eat sushi, work, shopping, social gathering, etc).

[Throttle2]

Easy for me, i have no black tie event to participate in.   So every day is same.  
gold Rolex steel rolex gold rolex steel rolex , rinse and repeat 😪

[Damienic]

3 hours ago, Dannnn said:

Tgif!

Nice! Now that’s a Rolex dress watch