Strange happenings in Hong Kong - grey market dealers

[psm11]

Originally Posted by Vince_76

Your points were already refuted by numerous members here. If you have to ask where I’m getting this information, then you’re likely uninformed and shouldn’t speak on the subject (MODA).

I can use offshores because they did in fact significantly benefit from the market conditions of the past 2 years.

Your numbers are all wrong which invalidates much of what you’re saying - 15500s are going for 1.5x MSRP (and sitting).

The ROs and ROCs are all dropping. There’s modern 3-handers all over the place from 33k to the 39k. 15500s have dropped over 30% and continue to fall, for example. For the aforementioned reasons that I and other posters made, it’s more likely that prices revert to the mean than stabilize at their covid-bubble levels.

And for more examples:

Takuya had a Feb 2022 43mm stainless ROO listed for around $36k
MODA just auctioned a panda 44mm ROO and I think it went for like $22k
Numerous 15400s listed on MODA the last couple of weeks for low 30ks
Numerous 15500s listed on MODA the last couple of weeks in high 30ks

AP is aggressively raising prices so that as demand cools and prices fall MSRP lines up with grey market. AP isn’t concerned about their watches being worth 2-3x MSRP they just don’t want you to buy a piece and it lose half its value when you walk out the door.