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21 January 2020, 11:57 PM | #631 | |
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Which makes sense. I don’t know how many buyers are out there that will pay $100% over MSRP/RRP for an SS 5711/5712. Lots want the piece, but how many are will to pay that much for it? If the grey price drops as a result of this bubble deflating, and it will deflate at some point (the better question is how much will it deflate. 5711/12s will always carry a premium) any buyer who bought at 100% over is guaranteed to lose money. Eating a $5k loss is one thing; eating $15-20k is something else. Even if you’re going to keep it forever, it’s still a tough transaction. Sent from my iPhone using Tapatalk |
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21 January 2020, 11:59 PM | #632 |
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Ditto. I think it’s the same thing. They’ll start to drop. Question is when, and by how much. It’s crazy to think that in the last two years, the grey price has gone from just over MSRP to close to 90% of MSRP for a new, unworn one. Sent from my iPhone using Tapatalk |
21 January 2020, 11:59 PM | #633 |
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Just want to say Watches are not investments
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22 January 2020, 01:04 AM | #634 |
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22 January 2020, 01:29 AM | #635 |
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22 January 2020, 01:38 AM | #636 |
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22 January 2020, 02:02 AM | #637 |
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Precisely and that is why I ultimately passed after tracking down two 330 white dial 5711s last week when I confirmed the white was on its way out. Probably would have made a few bucks but I have better and more legal ways to deploy capital.
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22 January 2020, 10:37 AM | #638 |
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Why did you track a couple down if not to buy? Were they at retail?
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22 January 2020, 10:50 AM | #639 |
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I’m not too sure...
That’s like saying sneakers aren’t investments.
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22 January 2020, 10:55 AM | #640 |
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22 January 2020, 11:11 AM | #641 |
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22 January 2020, 11:31 AM | #642 |
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22 January 2020, 11:31 AM | #643 |
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22 January 2020, 11:32 AM | #644 |
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22 January 2020, 11:36 AM | #645 |
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22 January 2020, 07:03 PM | #646 | |
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Quote:
This or luck or both
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23 January 2020, 01:38 AM | #647 |
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No I don't have those sorts of connections russ. They were secondary. I thought to myself the white 330 is going to be a 1 year run nautilus and was tempted by the prospect of making some easy money. Ultimately did not execute it as it's too much hassle.
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23 January 2020, 01:58 AM | #648 |
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Ah makes sense then if not retail
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23 January 2020, 04:10 AM | #649 |
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I do really wonder how the white dial 330 will fare vs. the 324 given the short run. I wouldn't necessarily expect the type of spread we see in 3712 (similarly short run) vs. 5712, but probably some sort of premium.
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23 January 2020, 04:42 AM | #650 | |
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Quote:
What I do expect though is that the white dial 5711 will be hit harder than the 5711 blue if the current craze starts to subside. |
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23 January 2020, 10:46 AM | #651 | |
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I ultimately decided the timeline for this rarity to matter to the market exceeded my investment horizon. I don’t have much faith in watches long term as investment vehicles but short term there’s plenty of opportunities.
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23 January 2020, 07:07 PM | #652 |
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23 January 2020, 10:05 PM | #653 |
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23 January 2020, 10:06 PM | #654 |
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23 January 2020, 10:27 PM | #655 |
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23 January 2020, 11:01 PM | #656 |
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23 January 2020, 11:16 PM | #657 |
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