Is $29k too high for this GMT?

[AS1]

Jacek is as fair they come IMO. you paid market for a rare watch. personally if spending close to $30K on something I would want to feel absolute joy when looking at it when wearing it. if you don't, then.....

[Fleetlord]

Originally Posted by jb335

You have seen evidence of the market softening? I haven't paid enough attention to the market to have an opinion, I thought the consensus was the market was still climbing though. As if anyone can really know though....I get it.

The modern pre-owned watch market is tanking.

Rolex and some Patek references are the only things some dealers are buying for HARD CASH.

Other brands are taken on consignment only or given the HARD PASS.

Inventory is sitting unsold for longer...

I think it is inevitable that this carries over into vintage. In the past quality Sport Rolex vintage would be sold the day it was posted by dealers, but now...it's sitting longer. The vibes just aren't as good these days...

Just my opinion...I'm sure others still see a sky full of rainbows and will defend that vision...

[Fleetlord]

Originally Posted by lock0ut

It was an impulse buy. People have varying means on this forum, obviously.

Why does any of this matter then?

[Vincent65]

For me, condition is everything, regardless of configuration and perceived desirability due to relative rarity. And regardless of who's selling it.

It seems the peachy examples, of even references and configurations originally made in larger numbers, are very rare these days. Possibly as rare as the ones produced in fewer numbers. So-called 'basic' models (that really annoys me - they are all just as basic unless they have complications - it doesn't get much more 'basic' than a MilSub, by definition) vs the 'special ones'. A chapter ring may be beautiful and perceived as more desirable, but it's not 'horo-logically' superior. It's not 4WD or turbo.

Also, let's not confuse "quality" with "condition". They're all Rolex - they're all the same quality.

[U5512]

Originally Posted by lock0ut

It was an impulse buy.

....aka "buyer's remorse".

[lock0ut]

Originally Posted by U5512

....aka "buyer's remorse".

No, they are not synonymous. You can have buyers remorse after purchasing a house - and that is rarely, if ever, an impulse buy.

[Blakerhodes]

That's a kick ass watch man. Seems whenever I'm looking for nice gilt gmts, prices are always high. Sure you can find some beaters for low teens but you got a really cool and nice piece. I say keep it unless you need the cash , in that case return it and say you made amistake purchasing it.

[datejust24]

that is a beautiful 1675 for sure...is 29k a lot of money...of course..should you keep it? I would...

[sensui]

Tough call, a rare watch and certainly commands that price in today's market (as others mention, HQ has a firm handle on pricing....they're no strangers to the game) so I guess the question just comes down to which watch calls to you more. Personally I'd keep the 1675 compared to the other Patek you're looking at as the vintage should hold better value. I don't see the vintage drive going anywhere anytime soon.....0 personal agenda...in fact hurts me to say as a late starter to collect vintage pieces....

[Wahlberg]

Could you post some of your own pictures, would love to see it on your wrist.

If 30k is a drop in the ocean to you, I would keep it.

[Toronto Soup King]

Dunno about the watch - you're buying a much rarer example than any of my watches, many of which are liberally peppered with service parts and valued to reflect that - but I've bought four watches from HQM (Jacek) and never been anything less than delighted with his goods or service. I'm wearing one from him right now. Best of luck with your choice

[KarlFr]

Well as mentioned before the market values perfection over rarity (especially dials) so prepare to spend big if you want something nice.

Only rare exception (for me) is if I find something that maybe is not in the best condition but has a lot of charm and patina, and it is destined to be a real daily beater

[RolexComplex]

Yes.

[Andad]

You bought the watch and it is now your watch.

We all have different thoughts on the models we like otherwise we would all wear the same watch, drive the same car, ride the same bike, wear the same clothes etc.

Enjoy wearing it because if you send it back you will kick yourself down the track.

[datejust24]

Agreed that I'd love to see your own pics of that beauty.....The pics from HQ look superb.