Join me in talking about this crazy hobby called Watch Collecting! I hope to create a positive and supportive community around this channel. Come on, admit it, you're friends are tired of hearing about your watches. Come back here and chat!
Box and papers are worth at least $500 to me. Yes, if your watch is worth $1000, I won’t pay more than $500, if your watch is worth $500 I don’t even want it without B&P. For any significantly more expensive it’s worth at least 10% to me and honestly I’m looking for another example anyways with a full set. So yeah despite what people tell you that it’s okay for the watch to be naked, good luck.
In Toronto canada I buy a super super clone I bring it to a rolex expert he say it was real rolex . Unbelievable. Your super clone look just like mine. You a expert but a regular person like me will never know. Imagine on AMZWATCH
Great video, very accurate analysis. In my 4.5 years in the game as a watch collector and enthusiast, I collected a lot from amzwatch I was thinking I was able to get a blue SD but I'm not vip enough, but I'm not giving up. Hehe. Great video.
Great video, very accurate analysis. In my 4.5 years in the game as a watch collector and enthusiast, I collected a lot from amzwatch I was thinking I was able to get a blue SD but I'm not vip enough, but I'm not giving up. Hehe. Great video.
I have “real” watches and a lot of them. I have a friend who buys the #MAMACOO we put them side by side and guess what ?! It’s unbelievable!!! I am at the Rolex boutique with her and no one can tell he has a fake
Great analysis. Now could be the time to strike. Outside of the scope, but our wonderful government may need to torch the dollar to pay for ever expanding deficits. You know what that means for assets. I put my money in gold calls instead of GMT's. Funny how the watch market de-values gold. Been working so far.
Hodinkee had a one day only "Flash Sale" last Thursday. I picked up two limited edition collaborations - both new and unworn, one of them co-signed on the dial, both at 80% off the original RRP. Perhaps they will have another flash sale before they sell off all their inventory.
@@educarmar That may be true for some of the watches Hodinkee sells, but not for the two I purchased. The first is a Swatch/Hodinkee Sistem 51 automatic, currently selling on Swatch's website for $195. I paid $35. That is an 82% discount off RRP. The second is a Timex/Waterbury/Hodinkee double signed automatic. Many were sold at RRP of $279, I paid $69 (a 76% discount off RRP). There are bargains to be had on flash sales.
I absolutely love watches, the high end watch brands are out of my budget but the amzwatch has literally an almost duplicate of every single watch on the market . Always a great but no matter your budget.
The SwatchMoon watch was a huge mistake. They completely pissed on their only true claim to fame. Of course, the fame was faux, but the public bought it anyway, because we have been dummed down. Man did not land on the moon.
Yes, it's amazing to me how they diluted their history so much with so many variations and limited editions, etc. I complain a lot about Rolex, but one thing they do know is how to market a watch brand.
GMTs are good value. You can get a vintage coke or Pepsi or even TT ceramic oyster for 13.5k or less. You can also get a SeaDweller 43 for the same price.
Agreed. Tremendous value in vintage or near vintage Rolex. I think especially the vintage GMT line has lots of romance of the golden era of air travel.
Rolex always used to be smart at the trade up journey, but the price increases in the solid gold pieces have left them expensive as a trade up and versus alternatives. I'm interested in a white gold yachmaster 42. I tried one on in my AD, and it was offered as a instant purchase. I declined, as I know a 2 year unworn with full box n papers is currently on sales for £6k less in the uk. That difference is a great holiday or a car for my son.
Using these extreme luxury models with gem sets to trend anything is nonsense. 👎 You should have trended the standard yellow gold and white gold models. I don’t buy into Rolex hype nonsense but your dataset is flawed using such high priced models from extreme luxury side, and trying to apply it to the larger market.
!!!I recently sold some of my long-term position and currently sitting on about 250k, do you think Nvidia is a good buy right now or I have I missed out on a crucial buy period, any good stock recommendation on great performing stocks will be appreciated.
I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Bruce Murdock, for his expertise and exposure to different areas of the market.
My colleagues had a good laugh at me when I told them I started my journey with $50k capital and how I accumulated over 6 figures within a span of 7 months. They never believed me until I pulled out my P&L. I know that learning the ins and outs of the market isn't for everyone, that's why personally, Bruce Murdock oversees my investments.
Without a doubt! Bruce Murdock is a trader who goes above and beyond. he has an exceptional skill for analyzing market movements and spotting profitable opportunities. His strategies are meticulously crafted based on thorough research and years of practical experience.
Until we see another surge in consumerism, luxury watch prices will keep dipping until a reasonable point of equilibrium is reached. I think there are a lot of potential buyers for these watches, but they’re not willing to invest until they’re in a good financial position, and until the prices are attractive to them. The watch market will never be as dormant as it once was ever again. Just as with the quartz crisis, the tech boom drove the demand for mechanical timepieces down. Now that they’ve grabbed our attention once more, we’ll always be mindful of them. The day my AD calls me to inform me that they have an OP for me at 20% off retail, I’m definitely heading over.
So you by any chance have the data to compare the diagram in 4min30sec to an average over the past 5-10 years? My feeling would be: bi-metal has traditionally been relatively unpopular and I don’t consider it unusual that full gold is trading below retail. My point being: this chart looks rather normal and expectable to me, once you ignore the Covid bubble.
I don't have data going back further than 5 yrs. But from past comments, I do agree that bi metal has traditionally been less popular. I recall the out rage when the Explorer I went bi metal. "It's not a true Explorer!"
That's the average. Steel is holding up the average and it still went down. The precious metals are really suffering. And once the new Rolex production comes, the steel models will take a hit.
Well done and thought provoking. Also thank you for confirming that keeping my watch spending powder dry is paying off. After the Pandemic I adopted the philosophy of not paying over list for a Rolex. Which means either I buy from the AD in new condition or wait for the gray market to reset to prices before the Pandemic. Patience is a virtue.
Great work. Another sign of how bad the economy is - and going to get worse. Last week I stopped at the boutique to remind the salesman I was still alive; asked to try on the Skydweller because I thought it was probably too big w the long lugs. Fit. So asked to add it to my list; 5 days later I got the call for the S&G with the champagne dial. No hesitation. And I’m on a huge metropolis, 1st buy at that store. Keep your powder dry gentlemen…
Back in the early 2000s, there was a sense of accomplishment in obtaining a milestone watch and keeping it for life. However, the watch industry has changed dramatically in recent years. The rise of watch magazines, Instagram, RU-vid, and other channels has led to an explosion of watches on the market. Sales have increased among everyday people, collectors, flippers, and enthusiasts. In response, watch companies have begun to produce more and more limited or special editions with various dials and features. The hype surrounding watches has also grown. Many microbrands have emerged, producing boutique or military-style pieces. This has led many people to believe that watches are a sound investment. As a result, prices have skyrocketed above retail value. Now, only a handful of millionaires and affluent individuals can afford to purchase a new watch with a new bezel at above retail price, year after year. We may be on the verge of another watch crisis, similar to the quartz crisis. The problem lies not with the watches themselves but with the brands' misguided approach in altering the perception of watches from a symbol of achievement to a mere lifestyle accessory.
@IamnotJokic the difference between retail and market pricing is easy enough but Rolez doesn't even disclose how much they sell never mind trends for a particular model
@@Rommel1988111 there are plenty of sources (eBay sales, Bloomberg Subdial index to name two) - but agree that it doesn’t cover all sales (private) and could include dealer to dealer (prices we mortals will never get). He should give credit to his source.
Thanks for the video, as always good info,, but when you look at the chart dating back to all the way to 2019, prices are just returning back to it 's pre-pandemic / pre-hype prices, right? I mean every watch has been on a steady decline to pre-pandemic prices if we look back at Feb 2024.. Also, what about Pepsi Meteorite version, you missed that one being 10-15K over MSRP vs your run of the mill two tone or all black? Doesn't it vary from model to model with the precious metal?
My feeling is that there is no pre-pandemic pricing. The markets don't have some kind of memory of the past. This is a spin put out by grey dealers to make people think we're near the bottom. But even this analysis shows prices doing down.
@@mywatchjourney6579 are we looking at the same data (Go to the bottom of this page and look at the 5 year graph) .. www.chrono24.com/rolex/rolex-gmt-master-ii-pepsi-meteorite-dial-white-gold-126719blro-2022--id34661027.htm
There is a big difference between wanting and having. Sometimes the hunt is better than the kill. people save up, wait for the rolex , wear it and take pictures for Instagram. Few months roll by and the allure fades away. You start wanting for the next big thing and the process begins anew.
This is one of the reasons I don't mind waiting for the call on my ceramic Sub. I can wait and enjoy the AD experience. But to tell you the truth, I've been tempted with the new prices to pull the trigger recently. Considering the tax and fees, it's equalizing fast.
