Interesting news on WatchBox

[mquarter]

Imagine a preowned watch market ETF in the future comprising stocks of all these giant dealers.

[DavB]

Very interesting, thank you for sharing. I sure will invest in this...

[Chewbacca]

Michael Jordan, Giannis Antetokounmpo lift luxury watch start-up WatchBox to valuation nearing $1 billion




http://www.cnbc.com/amp/2021/11/23/m...valuation.html

[walds11]

https://www.rolexforums.com/showthread.php?t=830135

[GB-man]

My friend Scottie told me Michael Jordan isn’t all that.

[Blansky]

When watch appreciation and ownership went off the rails....

"We have client advisors that you speak to and also manage your portfolio of watches."

Sad really.

[TheVTCGuy]

I heard they were partnering with Timepiece Gentleman

[Fleetlord]

Originally Posted by Blansky

When watch appreciation and ownership went off the rails....

"We have client advisors that you speak to and also manage your portfolio of watches."

Sad really.

The real money has found watches, like it found art, sports memorabilia, cars...etc.

[omar10213245]

Originally Posted by GB-man

My friend Scottie told me Michael Jordan isn’t all that.

Scottie is just a hater trying to sell his book

[GB-man]

Originally Posted by omar10213245

Scottie is just a hater trying to sell his book

That doesn’t sound like the Scottie I know.

[brandrea]

Originally Posted by TheVTCGuy

I heard they were partnering with Timepiece Gentleman

Now you’ve got me reconsidering

[yoast]

[AdamW]

Shareholders are looking for one thing... Return. Expect WB to be raising prices in the near future. Everyone else will follow. This isn't really great news for consumers.

[watchboxofficial]

Originally Posted by miamiclay

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 …

We're late in responding to this, but we have our lease signed and will be opening in the Design District some time this summer. We hope to see you!

[Rashid.bk]

Originally Posted by nyc10ken

Can I ask why? They're just flippers with better marketing.

That’s so ten years ago. They are not just flippers anymore or at this level never were. People like Davidsw aren’t flippers, they are business owners who run a very successful legitimate business.
Flippers are the guys that are selling their retail bought watches to “them”. This news adds more credibility to the fact that their isn’t any “bubble” coming, in fact things are set to get worst for people wanting to buy from an AD and then what what it means for market prices in the future.

Guess investment in watches isn’t such a silly idea any more.

[Rashid.bk]

Originally Posted by AdamW

Shareholders are looking for one thing... Return. Expect WB to be raising prices in the near future. Everyone else will follow. This isn't really great news for consumers.

Yes sir. Dark days for wis ahead, with watches becoming so popular, they’re crossing over into a legitimate investment item, something I laughed at five years ago.

[kevinjb]

interesting!!

[Rashid.bk]

Originally Posted by nyc10ken

You're right, my comment was more half joking knee jerk reaction to the news. They're technically not the flipper guy going around every AD buying up watches from them and lying to the ADs faces about it. They're resellers/dealers/brokers which I guess you can call the flipper that too but not the other way around.

Nice to see them follow simple threads like this when they're now a billion dollar backed company.

My honest gripe with all these places is that they trade amongst themselves and manipulate the market to make their own stock skyrocket and rip off the consumer, whilst at the same time taking higher margins for their own marketing and paying out less to the same consumers when buying from them because they now don't want to take on the market risk that they themselves created. It's fine to hedge but do it in a way that doesn't make you seem like a hypocritical two face when selling and buying.

Completely agree with your post.