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24 November 2021, 12:34 AM | #1 |
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Interesting news on WatchBox
Did not know it was this big! Keeping an eye out for IPO!
https://www.cnbc.com/2021/11/23/mj-g...valuation.html |
24 November 2021, 12:45 AM | #2 |
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Thanks for sharing.
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24 November 2021, 12:55 AM | #3 |
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So it seems they are now trying to corner and own the secondary market. If they get to that point, there will only be a few large companies controlling inventory and market prices in the secondary market.
This does not bode well for the regular folks wanting to purchase watches for the purpose of actually wearing the. Soon Rolex, PP, and AP are going to be like Ferraris, McLarens and Bugattis etc. |
24 November 2021, 01:06 AM | #4 | |
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Quote:
They don’t control anything (except De Bethune). Do they “influence” the prices of ALS, Moser, and Groenfeld… sure. |
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24 November 2021, 02:12 AM | #5 |
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The investment angle of watches is getting stronger and more mainstream
Prepare for that! |
24 November 2021, 02:18 AM | #6 |
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This is great! For the bubble concerned, they can now hedge their collection exposure by shorting watchbox! Next up, unsecured Daytona derivatives on an offshore exchange from the likes of Kraken.
For the owners for watchbox, very savvy while the public markets are still hot. |
24 November 2021, 02:35 AM | #7 |
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I dunno about going public …. Reporting to shareholders sucks big time.
Also, imagine the moaning from shareholders wanting “inside deals” on Daytona’s |
24 November 2021, 03:10 AM | #8 |
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Watches of Switzerland Group PLC is already publicly listed on the LSE. And trust me, shareholders do not get Daytonas.
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24 November 2021, 03:25 AM | #9 |
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Thanks for posting I would consider investing in this
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24 November 2021, 03:36 AM | #10 |
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Wow…who knew! I keep thinking the bubble has to burst at SOME point, but apparently not anytime soon!
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24 November 2021, 03:38 AM | #11 |
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I own some Tesla shares. I've been hounding Elon to move my reservation up from Summer 2022 to next month. No response, yet.
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24 November 2021, 03:41 AM | #12 |
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Agreed, this is the new business model
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24 November 2021, 03:43 AM | #13 |
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24 November 2021, 03:46 AM | #14 |
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I might be in the minority here but found it interesting that RM makes more watches per annum than Lange. The article says RM sold 4300. From what I recall, Lange makes around 3600.
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24 November 2021, 04:19 AM | #15 |
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Seems like the arms race is own in the pre-market space with Hodinkee linking with Crown and Caliber and having investors like Tom Brady and now Watchbox with Michael Jordan
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24 November 2021, 04:27 AM | #16 |
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Daytona $50k soon
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24 November 2021, 04:27 AM | #17 | |
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Quote:
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24 November 2021, 04:30 AM | #18 |
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T mo$$o at the watchbox dot com
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24 November 2021, 04:38 AM | #19 |
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Very interesting. I would never have imagined something like this in 2007 when I got my first real watch - my sea dweller 16600 at around $4300 new. And no problem at all to get one.
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24 November 2021, 04:46 AM | #20 |
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24 November 2021, 04:58 AM | #21 |
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I will invest
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24 November 2021, 05:00 AM | #22 |
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Interesting news to see.
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24 November 2021, 05:02 AM | #23 |
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Wow. Thanks for sharing
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24 November 2021, 05:17 AM | #24 | |
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Interesting news on WatchBox
Quote:
Add to this the European ones: Chronext, https://www.bloomberg.com/news/artic...ket-conditions And Chrono24, https://www.forbes.com/sites/roxanne...h-marketplace/ And of course watchfinder already being swallowed up by Richemont….. Seems like we got a few of the bigger players in an international arms race….. |
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24 November 2021, 05:18 AM | #25 |
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24 November 2021, 05:22 AM | #26 |
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Interesting! Bill Ackman is certainly considered to be a savvy investor.
I doubt I’d invest in any future IPO, but if Watchbox indeed opens the promised “collectors’ lounge” in Miami (whatever form such a thing might take), I’d definitely go and check it out … |
24 November 2021, 05:29 AM | #27 |
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24 November 2021, 05:37 AM | #28 |
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The smart money is usually in long before the average joe is contemplating investing; it's going to be real ugly
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24 November 2021, 05:43 AM | #29 |
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24 November 2021, 07:13 AM | #30 |
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Interesting responses!
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