F.P. Journe Chronometer Bleu pricing going through the roof!

[bigfatpauli]

Originally Posted by ezinhk

The gong on FPJ sounds like someone striking an IKEA glass with a spoon...ouch! Gong on all PP’s is like surround sound...music to my ears :)

The watch is garbage.

Sorry... The watch sounds like garbage... I have to hide my true feelings from the shills

And yes, the Pateks are basically the gold standard of what a repeater should sound like. They are wonderful.

[jenniferjanef]

Originally Posted by ezinhk

Indeed, they are in a different league.

I totally disagree. PP is not better than FPJ. They are in different field. One is a piano and one is a saxophone.

[sgwatchguy]

Originally Posted by swaye

it's better.

+1

[edhahn44]

Does anybody know how many have been produced in total, ie what’s a case number of a recently acquired piece?


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[Skyrider01]

Originally Posted by edhahn44

Does anybody know how many have been produced in total, ie what’s a case number of a recently acquired piece?


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I got mine in August of 2018 and my serial number is just shy of 1300.
I’m guessing they made around 200 pieces since then.

[TooWoundUp]

Lol I was recently offered 30k for my FPJ CB Bleu from a pretty reputable dealer. Not sure what to make of that..

[JR16]

Originally Posted by TooWoundUp

Lol I was recently offered 30k for my FPJ CB Bleu from a pretty reputable dealer. Not sure what to make of that..

Seems either Like a low ball offer OR the prices we see for the CB on websites of TS are way off


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[lanteanflux]

Originally Posted by TooWoundUp

Lol I was recently offered 30k for my FPJ CB Bleu from a pretty reputable dealer. Not sure what to make of that..

Well I checked WatchBox a couple weeks ago who by their own accounts are “paying the highest prices ever”. They offered 45k USD... maybe I’m off the mark here but if they’re really clearing it at where they list their CBs (60k) that 30% spread seems too high to me and almost insulting given how easy these must be to move. Rep said they already have inventory so aren’t paying more ...

[unknown]

Originally Posted by TooWoundUp

Lol I was recently offered 30k for my FPJ CB Bleu from a pretty reputable dealer. Not sure what to make of that..

30 k is a joke
They do sell for euro 50.000, a grey dealer I know sold one for that price a couple of weeks ago

[Yaz]

Crazy...


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[cbalster]

There is certainly stratospheric demand relative to production for this piece, but 30% spread seems correct for FPJ. It is a niche market unlike Rolex. I am not surprised the greys only pay 30-45k and then sell them for 50-60k.

[lanteanflux]

Originally Posted by cbalster

There is certainly stratospheric demand relative to production for this piece, but 30% spread seems correct for FPJ. It is a niche market unlike Rolex. I am not surprised the greys only pay 30-45k and then sell them for 50-60k.

That’s the thing it’s not a niche market anymore - for a dB or mbf I think you’d be right


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[edhahn44]

Originally Posted by Skyrider01

I got mine in August of 2018 and my serial number is just shy of 1300.
I’m guessing they made around 200 pieces since then.

Thanks.
I've just seen an offer on Chrono for a 2017 example with serial number 2-0xx.
How can that be? This confuses me.

[Bearxj86]

Originally Posted by edhahn44

Thanks.
I've just seen an offer on Chrono for a 2017 example with serial number 2-0xx.
How can that be? This confuses me.

2 simply means the 2nd thousand. So 2-100 would be watch 1100 I believe.

[Skyrider01]

Originally Posted by edhahn44

Thanks.
I've just seen an offer on Chrono for a 2017 example with serial number 2-0xx.
How can that be? This confuses me.

Originally Posted by bearxj86

2 simply means the 2nd thousand. So 2-100 would be watch 1100 I believe.

That's correct. FP numbers his watches in groups of 1000.
2-XXX is the second batch of 1000 so serial number 2-0XX would be watch number 10XX.

[AficionadoRolex]

Originally Posted by Skyrider01

That's correct. FP numbers his watches in groups of 1000.
2-XXX is the second batch of 1000 so serial number 2-0XX would be watch number 10XX.

Correct. I got my CB this year from an AD and it is 2-4XX. They have made about 1,400 - 1,500 of them to date.

[Sinanamus]

Originally Posted by TooWoundUp

Lol I was recently offered 30k for my FPJ CB Bleu from a pretty reputable dealer. Not sure what to make of that..

Just shows how bad of an idea selling to a dealer usually is. Keep or hassle to sell yourself seem better options given this offer.

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[TooWoundUp]

Originally Posted by Sinanamus

Just shows how bad of an idea selling to a dealer usually is. Keep or hassle to sell yourself seem better options given this offer.

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Yeah honestly you’re right. I was shocked when I heard that number. I wasn’t actually serious about selling but was curious. Probably better off selling it on here or watch pro site or something


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[MrJKLFoams]

Its already hot model and impossible to find unless you're a VIP

[rockdrock]

Originally Posted by AficionadoRolex

Correct. I got my CB this year from an AD and it is 2-4XX. They have made about 1,400 - 1,500 of them to date.

Oh.. interesting. I got mine this summer and I’m 2-48X. I really thought it was 2400+ watches out there.


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[Skyrider01]

Originally Posted by rockdrock

Oh.. interesting. I got mine this summer and I’m 2-48X. I really thought it was 2400+ watches out there.


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Yes, yours would be number 148X.

[edhahn44]

Prices seem fairly stable at the moment. Three pieces got sold recently for €50kish asking price on Chrono24 (Europe).


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[lanteanflux]

Yeah the CB has plateaued but at least does seem to be still trading. Can’t be said for many other pieces which have been marked up too much hoping for a halo effect. Chrono24 was down to 50 Journe pieces total at one stage, and now has 150 listings as everyone and their mother tries to offload an old elegante for 50k.


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[Swaye]

Originally Posted by lanteanflux

Yeah the CB has plateaued but at least does seem to be still trading. Can’t be said for many other pieces which have been marked up too much hoping for a halo effect. Chrono24 was down to 50 Journe pieces total at one stage, and now has 150 listings as everyone and their mother tries to offload an old elegante for 50k.


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Yeah the Elegante run up has been hysterical. When I see a Black Label way over retail at least you know it is super rare and hard to get. An Elegante at 3 times retail? Um, no. lol

edit: I say that as a fan of the Elegante, but come on. Who in their right mind would pay 30K+ for an Elegante when you can get a super nice CS for that money. At retail the Elegante is fantastic. At 35K? Um, nope. Not for me.

[boxster1990]

As a longtime follower of the brand, and the humble owner of a RG CS Havana, I am somewhat concerned that the hype around FPJ is becoming unsustainable.

Aluminum octa sports, which earlier this year were available for <$30k are showing up on sites for $70k. That’s parabolic growth, which tends to be a bad sign.

IMO, and there is some speculation here, Govberg managed to corner the secondary market and is essentially setting the price for a lot of these discontinued pieces. Smaller dealers are drafting off of their pricing and it’s rippling through the market.

Wouldn’t be surprised if they are the same ones bidding up the price on these pieces at auction (particularly if they have multiple of the same pieces back in their vault).

I believe FPJ is an incredible watchmaker and brand and love the entire collection, but I worry about the hype machine.

[mrarchiegoodwin]

I recently bought a FPJ and like it so much I wear it everyday. My watch is used and cost a huge premium, but I admired the brand since the first Resonance and have liked the dealer for over 15 years. If the price drops to zero my opinion would not change. It's a watch; not an investment. My "investments" have cost me a lot more money than this and provided zero pleasure during the entire time.

[BigAppleBill]

Originally Posted by mrarchiegoodwin

I recently bought a FPJ and like it so much I wear it everyday. My watch is used and cost a huge premium, but I admired the brand since the first Resonance and have liked the dealer for over 15 years. If the price drops to zero my opinion would not change. It's a watch; not an investment. My "investments" have cost me a lot more money than this and provided zero pleasure during the entire time.

Well said. There’s no watch in my entire collection that exceeds my fondness for my CB. If the market price goes to $100K I’m not selling. I didn’t buy it as an investment. I bought it simply because it’s a watch I love to wear.

[lanteanflux]

Originally Posted by boxster1990

As a longtime follower of the brand, and the humble owner of a RG CS Havana, I am somewhat concerned that the hype around FPJ is becoming unsustainable.

Aluminum octa sports, which earlier this year were available for <$30k are showing up on sites for $70k. That’s parabolic growth, which tends to be a bad sign.

IMO, and there is some speculation here, Govberg managed to corner the secondary market and is essentially setting the price for a lot of these discontinued pieces. Smaller dealers are drafting off of their pricing and it’s rippling through the market.

Wouldn’t be surprised if they are the same ones bidding up the price on these pieces at auction (particularly if they have multiple of the same pieces back in their vault).

I believe FPJ is an incredible watchmaker and brand and love the entire collection, but I worry about the hype machine.

I agree the prices are elevated but think they will remain so for a few years - for me that basically means I’m not buying my second Journe for several years which has caused me to lose a lot of interest in the brand and research elsewhere since my next watch or 3 will not be a Journe. Maybe it’s also a bit of sour grapes, but if you could’ve paid 50k last year for something and it costs 100k this year - well, that hardly makes you want to dive right in if you have some semblance of financial sense.


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[WatchEater666]

Originally Posted by lanteanflux

I agree the prices are elevated but think they will remain so for a few years - for me that basically means I’m not buying my second Journe for several years which has caused me to lose a lot of interest in the brand and research elsewhere since my next watch or 3 will not be a Journe. Maybe it’s also a bit of sour grapes, but if you could’ve paid 50k last year for something and it costs 100k this year - well, that hardly makes you want to dive right in if you have some semblance of financial sense.


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Same here. I was looking at a Resonance used from FPJ in Q4 2019, then went to buy in Q2/late Q1 and prices were up like...2x+ so it didn't really make sense to me. Part of the appeal to me personally was the bang for buck with FPJ but at current prices it's gone and there are plenty of other very interesting watches available in that price range.

[lanteanflux]

Yeah affordability is one (large) thing and then even if you’re fine with paying 100k for a Journe you do now have to consider a lot of other competition that wasn’t a factor at 50k. This year I started looking at Urwerk and De Bethune, something I never did before, and obviously you’ve now reached deep into Patek and Lange‘a catalogue and are even glancing blows with some RM. I don’t have any of those brands and at that price the personal utility of a first piece from them is probably greater than a second Journe.


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