AP down in value??

[kd845]

Originally Posted by Johndong888

With AP going boutique only and restricting the amount of discount, I feel like their price will be pretty stable no?


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I think this is totally accurate, and the video didn't acknowledge that longer term view at all. I think the brand is going towards the Cartier model, and what I mean by that is controlling full distribution.

A few months back I tried to find a grey market for one of those Love Bracelets for my wife, as I refused to pay retail + NYC sale tax for a super basic gold bangle. That mission was next to impossible (for fully unworn / box / papers, etc).

I realize this might be a bit apples vs oranges, but controlling the point of sales will lead to steady if not increasing prices.

[Watcheroo]

Originally Posted by Etschell

I'd buy the diver at 13k over the hulk at 13k.

I’ll second that

[ajw45]

Originally Posted by kd845

I think this is totally accurate, and the video didn't acknowledge that longer term view at all. I think the brand is going towards the Cartier model, and what I mean by that is controlling full distribution.

A few months back I tried to find a grey market for one of those Love Bracelets for my wife, as I refused to pay retail + NYC sale tax for a super basic gold bangle. That mission was next to impossible (for fully unworn / box / papers, etc).

I realize this might be a bit apples vs oranges, but controlling the point of sales will lead to steady if not increasing prices.

Fwiw, not sure if that's true of their watches. Just picked up a tank new from an AD at a decent discount.....

[Johndong888]

Originally Posted by ajw45

Fwiw, not sure if that's true of their watches. Just picked up a tank new from an AD at a decent discount.....

That’s what we are talking about. If you take out the AD for AP (Cartier in your case) for boutique only, discount would be minimal to none.


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[onnomon]

All I know is that the 26331ST RO chronos (41mm) have jumped from around $22K to around $26K+ in a matter of a few weeks.

[ragsk]

But arent they correct? ROO values do seem a little down on Chrono24?

[karasus]

Originally Posted by ragsk

But arent they correct? ROO values do seem a little down on Chrono24?

Jules Audemars is up funnily Check out recent auction results, a Jules Audemars Grand Complication sold for 275'000.-

If you bought a Jules Audemars complication, expect to gain value

Also depends on the Offshore model, first gen 25721 with baton indices have been appreciating slowly. Limited editions have been down across the board, but that is normal, all +44mm watches have been down, that isn't really news since 2017....

[ragsk]

Originally Posted by karasus

Jules Audemars is up funnily Check out recent auction results, a Jules Audemars Grand Complication sold for 275'000.-

If you bought a Jules Audemars complication, expect to gain value

Also depends on the Offshore model, first gen 25721 with baton indices have been appreciating slowly. Limited editions have been down across the board, but that is normal, all +44mm watches have been down, that isn't really news since 2017....

All im saying is that ROO prices seem a little softer. Particularly the 44mm versions.

[Horolojust]

Originally Posted by onnomon

All I know is that the 26331ST RO chronos (41mm) have jumped from around $22K to around $26K+ in a matter of a few weeks.

So are 15400s. Silver one jumped from 22k to 25ish; blue from 25k to 28-ish now recently.


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[myusernamez]

I just lost 45 seconds of my life watching 45 seconds of that video. I'll never get those back. That link should come with a warning.

[NYG1121]

I think inventory is down as well for steel RO. Chrono24 lists only 9 15450st (unless I am searching for it wrong). There is no way to make broad conclusions about price with such a low number

[Jorssen]

Originally Posted by Johndong888

With AP going boutique only and restricting the amount of discount, I feel like their price will be pretty stable no?


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Yes, could be. But it's turning me off a bit to be honest. I had a relationship with an AD 40 minutes away from me, due to the new policy of AP the AD does not sell AP anymore and I have to drive to either Paris or fly to Geneva.

When I was in Geneva last week to order a piece, they told me to build up a relationship with the boutique first. Come on... Makes me turn away from them. It felt like a job interview, explaining why I wanted that piece.

I do feel the ROO's won't keep their value long term due to fashion trends. They're not as timeless as an RO. My opinion offcourse, and I'm an ROO owner.

[Wahlberg]

What a horrible show. Why do people tune in to 2 weirdo's talking watches like this.

[Wahlberg]

Originally Posted by Jorssen

Yes, could be. But it's turning me off a bit to be honest. I had a relationship with an AD 40 minutes away from me, due to the new policy of AP the AD does not sell AP anymore and I have to drive to either Paris or fly to Geneva.

You mean Ginotti?

[Jorssen]

Originally Posted by Wahlberg

You mean Ginotti?

Yes, unfortunately they're no AP AD anymore

[Johndong888]

Originally Posted by Jorssen

Yes, could be. But it's turning me off a bit to be honest. I had a relationship with an AD 40 minutes away from me, due to the new policy of AP the AD does not sell AP anymore and I have to drive to either Paris or fly to Geneva.



When I was in Geneva last week to order a piece, they told me to build up a relationship with the boutique first. Come on... Makes me turn away from them. It felt like a job interview, explaining why I wanted that piece.



I do feel the ROO's won't keep their value long term due to fashion trends. They're not as timeless as an RO. My opinion offcourse, and I'm an ROO owner.

I completely feel you. Like the other 99% AP AD, my ad has been axed as well. I’m not sure I want to go thru the trouble of restarting another relationship at this point.

It’s so hard to give away our money these days.


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[jb335]

Originally Posted by Etschell

Not a fan of these two kids. But i will say this. I'd buy the diver at 13k over the hulk at 13k.

I could not agree more. And I like the LVC.

[BumperX]

In their defense, I assume the people in this thread who have disparaged them are not the demographic they are speaking to, ie. the over 50 group. I will admit, the upfront bravado and pseudo-arrogance in the beginning is a bit annoying, but they did present SOME objective information. I live in a city where just last week there were over 100 newly minted millionaires in their 20s-30s who are probably tuning in. It's a different generation because their focus is to treat a watch as a commodity vs. the "forget value, buy what you enjoy" motto that gets repeated here ad nauseam. I resurrected this thread because I am debating between a Polar Explorer II or a 15703. I know that is not apples with apples...but these are the 2 pieces I think I would enjoy. When I buy a "toy" it needs to hit 2 prerequisites
1. I have to like it.
2. needs to retain value if not appreciate.

I owned air cooled 911s, Seamasters, and the Rolex Hulk and been fortunate that they all went up. Now I am trying to decide between the Rolex and AP..as I think both are near their bottom.

[CHOSEN1]

Originally Posted by Brew

Those two are unwatchable.

Agree.

[GB-man]

Originally Posted by BumperX

In their defense, I assume the people in this thread who have disparaged them are not the demographic they are speaking to, ie. the over 50 group. I will admit, the upfront bravado and pseudo-arrogance in the beginning is a bit annoying, but they did present SOME objective information. I live in a city where just last week there were over 100 newly minted millionaires in their 20s-30s who are probably tuning in. It's a different generation because their focus is to treat a watch as a commodity vs. the "forget value, buy what you enjoy" motto that gets repeated here ad nauseam. I resurrected this thread because I am debating between a Polar Explorer II or a 15703. I know that is not apples with apples...but these are the 2 pieces I think I would enjoy. When I buy a "toy" it needs to hit 2 prerequisites
1. I have to like it.
2. needs to retain value if not appreciate.

I owned air cooled 911s, Seamasters, and the Rolex Hulk and been fortunate that they all went up. Now I am trying to decide between the Rolex and AP..as I think both are near their bottom.

I would agree 216570 and 15703 both good buys

[karasus]

Originally Posted by BumperX

In their defense, I assume the people in this thread who have disparaged them are not the demographic they are speaking to, ie. the over 50 group. I will admit, the upfront bravado and pseudo-arrogance in the beginning is a bit annoying, but they did present SOME objective information. I live in a city where just last week there were over 100 newly minted millionaires in their 20s-30s who are probably tuning in. It's a different generation because their focus is to treat a watch as a commodity vs. the "forget value, buy what you enjoy" motto that gets repeated here ad nauseam. I resurrected this thread because I am debating between a Polar Explorer II or a 15703. I know that is not apples with apples...but these are the 2 pieces I think I would enjoy. When I buy a "toy" it needs to hit 2 prerequisites
1. I have to like it.
2. needs to retain value if not appreciate.

I owned air cooled 911s, Seamasters, and the Rolex Hulk and been fortunate that they all went up. Now I am trying to decide between the Rolex and AP..as I think both are near their bottom.

Why do you assume people on this forum are all over 50... its almost double my age....

You are right that a lot of APs and polars are at the bottom of where they should be. The hype train has been hitting rolex/patek hard but AP has been left out of a lot of the hype train at the moment.

This auction season most lists were stock full of Rolex and Patek but AP was almost empty. Those that where listed sold easily while many more PP and Rolex didn't move at all. Its a sign that the watches are not being resold/dumped/speculated but rather demand is organic and driving up prices without the extra hype.

[AK797]

Originally Posted by BumperX

It's a different generation because their focus is to treat a watch as a commodity vs. the "forget value, buy what you enjoy" motto that gets repeated here ad nauseam. I resurrected this thread because I am debating between a Polar Explorer II or a 15703. I know that is not apples with apples...but these are the 2 pieces I think I would enjoy. When I buy a "toy" it needs to hit 2 prerequisites
1. I have to like it.
2. needs to retain value if not appreciate.

I owned air cooled 911s, Seamasters, and the Rolex Hulk and been fortunate that they all went up. Now I am trying to decide between the Rolex and AP..as I think both are near their bottom.

I think sadly this is the new norm, the old mantras are being drowned out by the new wave of watch buyer/flipper/investor, and the pure WIS is now probably a minority even online.

[Homo Sapien X]

AP = Royal Oak and it was designed outside AP. That’s pretty much all about AP. They can’t live on like this forever


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[Homo Sapien X]

Originally Posted by AK797

I think sadly this is the new norm, the old mantras are being drowned out by the new wave of watch buyer/flipper/investor, and the pure WIS is now probably a minority even online.

Pure WIS would be able to buy their grails at a heavily discounted bargain. Hey that’s a good news. Stay away from the crowd to make us special.


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[Soly20]

Originally Posted by Homo Sapien X

AP = Royal Oak and it was designed outside AP. That’s pretty much all about AP. They can’t live on like this forever


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I'm afraid, that so far, AP haven't introduced anything with significant market impact outside of the RO. Even the new CODE 15:59 watches have elements of the RO octagonal design.

[Homo Sapien X]

Originally Posted by Soly20

I'm afraid, that so far, AP haven't introduced anything with significant market impact outside of the RO. Even the new CODE 15:59 watches have elements of the RO octagonal design.

Yes , some guys told me AP is obsessed with plumbing nuts
IMG_4086.jpg


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[mobster600]

Why are you so judgmental to the Govberg people?

Your basically saying they are young, dumb and can’t afford the watches they talk about.....

They are working and trying to make a living selling watches and making YouTube videos. I don’t see anything wrong with that.

[shafran]

I have been looking at their site and their prices on all ap is definitely up. They seem to be a little high on the 26710.

[BumperX]

Originally Posted by karasus

Why do you assume people on this forum are all over 50... its almost double my age....

Your comprehension skills need to be sharpened young 'un. Please reread the entire sentence and reassess my meaning : )

On another note, and apologies for hijacking the thread, but got my 6-digit Polar Explorer II today, full set for less than $6800. I'm Loving It! Going to post more in the Rolex forum.

[Homo Sapien X]

Originally Posted by ajw45

Say what you want about the guys in the video but govberg/watchbox is a pretty big pre-owned dealer so I imagine they have a good pulse on the market.



If you want to know why AP is dropping go watch the Revolution Watch interview with AP's CEO at SIHH. The arrogance and attitude displayed at the poor launch of the Code1159 line is a massive turn off, underminds the entire brand, and shows AP really is a one hit wonder and will stay that way under current leadership.



I know none of this should take away from the RO itself but let's face it, these are all over priced pieces of metal and a big part of what we pay for is the history, the brand, and what it stands for. If AP doesn't respect it's current customers and really hopes to own that rich 19 year old kid demographic good luck to them, but that's going to devalue the brand and it's watches for everyone else that owns or might buy one....

Totally agreed with you. The long running one hit wonder may eventually be a thing of the past, AP knows it pretty well.


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