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24 May 2018, 05:20 AM | #31 | |
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This is also how I interpreted the statement of patek being more insulated. If there is a major economic correction you will see way less Patek’s for sale compared to Rolex. Just by nature of the people purchasing them. One could assume because Rolex supply could increase more than Patek would, that prices would be quicker to drop on Rolex. Sent from my iPhone using Tapatalk
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24 May 2018, 05:37 AM | #32 | |
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With regard to branding, the Patek buying market is already as specialized as it gets. Basically, if your buying a Patek, you already know what a Patek is, regardless of economic condition. So while it's true that Rolex's reach and branding is second to none, I'm not exactly sure why that matters in this hypothetical. |
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24 May 2018, 06:08 AM | #33 |
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Not surprised they are having cash flow issues. They can't seem to move their "complications" pieces. They still have the 3 5524Gs, 5905P and the 5960G. They also have a 5170P listed at £62750, they must have offered the seller in the region of £50000 so a big hit for a 2017 model.
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24 May 2018, 07:21 AM | #34 | |
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As for future insulation, Rolex and PP will do equally well given their primary positions in their respective markets, and a collapse or freefall is just frustrated hyperbole at this point, and any downturn in the next few years will be followed by an upturn a few years after that, so really makes no difference unless you are a trader. |
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24 May 2018, 07:27 AM | #35 | |
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The 5524 premiums come later though. I do think its an odd watch (by Patek standards) and low production watch with a finite production run in WG, especially with the R now being released. Its a long term play if anything.
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Instagram: tyler.watches current collection: Patek 5164A, Patek 5524G, Rolex Platinum Daytona 116506, Rolex Sea Dweller 43 126600, Rolex GMT II 116710LN, AP 15400ST (silver), Panerai 913, Omega Speedmaster moonwatch, Tudor Black Bay (Harrods Edition) |
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24 May 2018, 07:51 AM | #36 |
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The market is insane
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24 May 2018, 11:26 AM | #37 | |
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Quote:
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24 May 2018, 09:25 PM | #38 | |
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Disagree. Patek has become fashionable and thus have attracted more cash flow wealth instead of the traditional accumulated wealth customers. The former buying pool will disappear in an economic downturn. |
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24 May 2018, 11:45 PM | #39 |
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25 May 2018, 10:52 AM | #40 |
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Agree with this. And on the 57xx, add a bunch more who don’t even have cash flow wealth but realize they can make a quick $10k or more if they get “the call”/lottery ticket.
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25 May 2018, 10:30 PM | #41 |
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Agree. Historical sales and demand from the accumulated wealth crowd on SS nautilus is not high. What we are seeing today is also the reason Tiffany is doing well. This will all go away if you are patient. Thinking that a market correction will come sooner than “my name on a list somewhere call.” |
25 May 2018, 11:50 PM | #42 |
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25 May 2018, 11:52 PM | #43 |
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26 May 2018, 11:56 PM | #44 |
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Great news for all the posters who say they do not want a Nautilus. They will not have to through all the wait, headache and cost to buy one.
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27 May 2018, 12:11 AM | #45 |
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It's only going to get worse/better depending how you look at it.
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