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29 April 2019, 01:48 AM | #31 |
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Yeah, that was the joke....
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29 April 2019, 02:04 AM | #32 |
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29 April 2019, 09:27 AM | #33 |
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I think the prices might stabilize or even adjusted down a bit after it has reached its peak but I doubt it will pop, as like the pricing collapse.
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30 April 2019, 04:12 AM | #34 |
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Prices are still rising on C24. PP are on record as being unable to increase supply, even if they wanted to. I'm waiting for the £100k 5712 (top-priced one is currently £73,376).
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30 April 2019, 06:28 AM | #35 |
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30 April 2019, 02:33 PM | #36 |
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Not sure where you got this because in one of his most recent interviews, Thierry Stern was saying how they could easily increase Nautilus production but won't because they don't want to be a one trick pony.
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30 April 2019, 03:05 PM | #37 |
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30 April 2019, 03:55 PM | #38 |
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If you guys believe that Patek can’t easily produce more nautilus you’re kidding yourselves lol
It’s a game.
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30 April 2019, 04:26 PM | #39 |
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I doubt the bubble will pop in near future as the market for such products are quite inelastic.
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30 April 2019, 08:33 PM | #40 |
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Patek could increase production 10 fold, but they have no desire of producing 500K watches.
Patek is also OK with the grey market situation - They don't do dumb s** like Rolex with all the market "regulations" ...It must give Thierry a semi when he looks up the market price for a 5711. |
30 April 2019, 11:38 PM | #41 | |
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Quote:
https://www.hodinkee.com/articles/a-...-thierry-stern |
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1 May 2019, 12:19 AM | #42 | |
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"We have targets in terms of complications, targets for normal movements, for men and women, and also targets in terms of material. We’re not willing to have that many steel watches. The trend today is steel because it’s easier and cheaper, but we should not go above our percentage target. We’ve seen many brands who came from gold to steel and tried to go back to gold, and it doesn’t work.” Of Patek’s popular steel Nautilus models, Stern says, “Of course, I could create 10 times what I’m selling today, but it would be too dangerous, I would become a mono-product. If Patek was part of a group it would be the opposite — it would be 90 per cent Nautilus and [a message that] we don’t care about the future… but it’s not only about money.” https://www.esquire.com/uk/design/a2...-independence/ |
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1 May 2019, 03:00 AM | #43 | ||
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Quote:
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1 May 2019, 03:00 AM | #44 | |
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*Everybody with an extra $20,000, of course... |
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1 May 2019, 03:11 AM | #45 | |
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1 May 2019, 03:52 AM | #46 | |
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Patek could produce more SS sports watches in probably 6 months or less but they want to keep them exclusive and push buyers towards lines with better margins. They are just copying the Rolex model which was arguably copied from Hermès.
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1 May 2019, 05:02 AM | #47 | |
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1. Between Patek and Rolex. Scale aside, many of Rolex's more expensive models require no greater watchmaking skill than its simplest. Stainless and solid gold Subs have the same simple movement. With Patek, however, an increase in price is often about more than materials; the movements themselves will often require more time and skill. So pushing towards more expensive pieces? Yes. But I doubt that the margins are as good as for Rolex when making the same push. 2. Between Rolex and Hermes. It's actually the exact opposite model. Hermes makes you buy lots of little crap to be "considered" for its most prestigious goods, while Rolex "rewards" purchases of its highest priced items with "access" to the stainless pieces in greatest demand. |
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1 May 2019, 05:55 AM | #48 | |
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1 May 2019, 06:59 AM | #49 |
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What is certain from T. Stern's remarks is that he doesn't give a crap about the current situation with the greys and he is indeed quite happy to see Nautiluses fetching such high prices in the secondary market. So, not really a concern to him. A big bummer for all of us potential, hopeful buyers.
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1 May 2019, 07:53 AM | #50 | |
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1 May 2019, 08:27 AM | #51 |
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I should probably add that the referenced Beavis and Butthead video neatly encapsulates everything I hate about what watch collecting has become, some kind of pseudo currency where instead of talking about horology and the love of collecting, it's about trading, value, marketing, etc, etc. Shame on me for getting sucked in once again, I'm out (of this thread)!
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1 May 2019, 12:55 PM | #52 | |
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I would argue that Patek still makes more money selling an annual or perpetual calendar than a 5711 or 5167 etc
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1 May 2019, 01:06 PM | #53 | |
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1 May 2019, 01:12 PM | #54 | |
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1 May 2019, 06:33 PM | #55 |
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can anyone remember when watch prices came in meaningfully? It seems between 2010-2015 secondary market would always trade around retail +/- 10-20% for most references. For SS mainly. PMs usually lower.
It's really the last 2 years that have shot up and probably a lot of it fuelled by supply being held by the grey market to see who moves first and its usually the buyers (users) who end up sucking up grey market premiums. That said. I like to study price movements in generally and have noticed that the rolex 16610LV (the green bezel black dial sub - pre hulk) has been steadily calming down in prices. Flat 4 full sets used to be demanding 30k and now can be usually found for 20k. Non flat 4 sets are down from 18-20 to 13-15. When people stop talking about them they cool down. As a footnote, recently surge of instagram watches has definitely had a huge marketing effect but once the people need to get it in and buy, who is there to support the prices? If 5,000 users are there, once we get to the 5,001, the prices will begin to reason down. Mainly for references still in production obviously. For discontinued reference's its really a closed market though still very correlated to the production references. |
2 May 2019, 01:18 AM | #56 |
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It's all about CONfidence in currencies and how much more the world's central banking schemes plan to flood the markets via MMT. Everyone knows staying in currency is a losing bet, about 50% loss in currency value just the past 20 years.. and it is accelerating!
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2 May 2019, 04:18 AM | #57 | |
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That not bubble buster... Just a price correction.... The 5 digit LV could be had for $4,500 mint with box and paper at a market prices around 2008...... The 5 digit LV still appreciate 3 to 4 times the market price of 2008......
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11 May 2019, 06:23 AM | #58 |
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I am not sure whether people pay large premiums for current production watches like 5740G and 5980R which can be obtained from an AD.
WF has 2 5740Gs with a premium more than £ 100000 and they have been sitting there for a while. They seem to be moving watches like 5726A which commands a lesser premium compared to 5740G |
11 May 2019, 07:53 AM | #59 | |
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11 May 2019, 08:05 AM | #60 |
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