Interesting news on WatchBox

[LDN]

Did not know it was this big! Keeping an eye out for IPO!

https://www.cnbc.com/2021/11/23/mj-g...valuation.html

[uniqueMR]

Thanks for sharing.

[SDR581]

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.

[vh2k]

Originally Posted by SDR581

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.

They have $150MM in inventory and annual revenue of app. $400MM in a $20B market growing to $30B.

They don’t control anything (except De Bethune). Do they “influence” the prices of ALS, Moser, and Groenfeld… sure.

[Fleetlord]

The investment angle of watches is getting stronger and more mainstream

Prepare for that!

[macrowatch]

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.

[brandrea]

I dunno about going public …. Reporting to shareholders sucks big time.

Also, imagine the moaning from shareholders wanting “inside deals” on Daytona’s

[butchcoolidge]

Watches of Switzerland Group PLC is already publicly listed on the LSE. And trust me, shareholders do not get Daytonas.

[WestCoastS]

Thanks for posting I would consider investing in this

[eltonbalch]

Wow…who knew! I keep thinking the bubble has to burst at SOME point, but apparently not anytime soon!

[kpinthebay]

Originally Posted by butchcoolidge

Watches of Switzerland Group PLC is already publicly listed on the LSE. And trust me, shareholders do not get Daytonas.

I own some Tesla shares. I've been hounding Elon to move my reservation up from Summer 2022 to next month. No response, yet.

[beshannon]

Originally Posted by Fleetlord

The investment angle of watches is getting stronger and more mainstream

Prepare for that!

Agreed, this is the new business model

[nyc10ken]

Originally Posted by WestCoastS

Thanks for posting I would consider investing in this

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

[037]

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.

[Rexplorer214270]

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

[butchcoolidge]

Daytona $50k soon

[fed_fan]

Originally Posted by SDR581

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.

The Dukes are going to corner the entire frozen orange juice market!

[D007]

T mo$$o at the watchbox dot com

[waterman1]

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.

[Beto737]

Originally Posted by butchcoolidge

Daytona $50k soon

This

[gerryPeter]

I will invest

[ks58]

Interesting news to see.

[Nickyisrael]

Wow. Thanks for sharing

[Koolpep]

Originally Posted by Rexplorer214270

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

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…..

[ap1]

Originally Posted by D007

T mo$$o at the watchbox dot com

Oh no, now 43mm APs will fit great on 12cm wrist sizes

[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 …

[dnd2984]

Originally Posted by fed_fan

The Dukes are going to corner the entire frozen orange juice market!

Dukes aint got anything on Anacott Steel...

[Jack T]

The smart money is usually in long before the average joe is contemplating investing; it's going to be real ugly

[D007]

Originally Posted by ap1

Oh no, now 43mm APs will fit great on 12cm wrist sizes

recommended on wrist sizes as small as 10cm and slides easily under ANY cuff!

[LDN]

Interesting responses!