Now 35k - OP 41 Turquoise Tiffany

[padi56]

Originally Posted by Kmasur

Very interesting debate/discussion about Tiffany Blue and OP Turquoise Blue. Whether intentional or not, Rolex has managed to only bring more awareness to Tiffany & Co., and to its OP line (of course). I’ll be honest, even though I had already heard the name many times, I didn’t know much about this company (Tiffany), much less the fact that it had an actual color named after it. I’ll also confess that I started to like this particular model of watch (OP turquoise blue) the more I continued being exposed to it here and on social media. Whether or not it is the same as Tiffany blue, I have become a convert, lol.

Nothing to do with Rolex it was the sellers and so called social media dubbed the Tiffany name its that simple to increase the hype to charge crazy money.

[RelaxItsJustAWatch]

Rolex is amazingly smart. They take an entry level watch that no one cared about and added some basic primary colors and now people are dying to post their incoming thread about their basic Rolex model.

[Goin2drt]

Originally Posted by RelaxItsJustAWatch

Rolex is amazingly smart. They take an entry level watch that no one cared about and added some basic primary colors and now people are dying to post their incoming thread about their basic Rolex model.

Yep they are a marketing machine. They couldn’t give these away now look at them.

Now I just wonder what they will do to all the lady DJ? That seems to be the only watch you can find in an AD.

[cwilson13]

Rolex has done unique color dials in the past…including Stella’s, Beach Daytonas, etc.

So the color set of OPs was maybe unexpected, it’s not unheard of for Rolex at all.

The Turq blue chosen had nothing to do with Tiffany. The ‘internets’ like to name certain models. Tiffany name stuck and drove up demand and therefore prices. Why? Beats me.

I ordered mine because I always wanted a Stella and those prices are crazy these days. So the OP is a great second option at a fraction of the price….but it’s no Stella.

Regardless, I am happy to have mine and I will take the other side of the argument and say people who wouldn’t pay $30k+ for one are crazy!

[Kostas]

nice one cWilson, i like it on the jubilee might have to switch it up if i get sick of the oyster

[SaintMickey]

Originally Posted by cwilson13

Rolex has done unique color dials in the past…including Stella’s, Beach Daytonas, etc.

So the color set of OPs was maybe unexpected, it’s not unheard of for Rolex at all.

The Turq blue chosen had nothing to do with Tiffany. The ‘internets’ like to name certain models. Tiffany name stuck and drove up demand and therefore prices. Why? Beats me.

I ordered mine because I always wanted a Stella and those prices are crazy these days. So the OP is a great second option at a fraction of the price….but it’s no Stella.

Regardless, I am happy to have mine and I will take the other side of the argument and say people who wouldn’t pay $30k+ for one are crazy!

Mickey

[ac_eddings]

Complete and udder stupidity. It’s a mass produced, 3 handed, SS, no complication watch?? Lol


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[GreenLantern]

So, this is happening simply because of the absurd $6.5M *Charity* auction valuation set for the Tiffany Blue Patek 5711.

What a joke.

[Stoffel]

When these turquoise dials first came out I thought that is a lovely girly colour for my wife, I was thinking of getting her the 36mm. At these prices tho absolutely no way, it is a complete joke and she would call me an idiot if I paid these prices for one.

[Number3]

There’s one on right now in the classifieds for $34,975! Crazy.

[Watchcollector123]

It is not same as Tiffany but quite close.
Those who are paying these prices are not fools but people who have that kind of money to spend. A lot would prefer to be that kind of fools.
It is a good looking watch for sure and is attracting increasing premiums. Can it get to a point that they are actually selling for 35k? It sure can. There is nothing inherently superior in a Pepsi a Daytona ( other than being a GMT or a Chrono) that makes them more worthy of a 35k price tag. It is about demand and supply. Albeit demand is being driven largely by the rarity or difficulty in getting one. It is a vicious cycle and I wouldn’t hold my breath for the prices to come crashing down ( in two months as someone stated) or stop going up.
They will probably come down when everything else does. I am surprised at all the bellyache.

[OG1982]

Not sure why so many getting their knickers in a twist?

Does the BLRO bezel match that on the Pepsi can? Especially not the new version...
Does the Hulk match the big mans green skin tone? Probably not.
Does the blue and black of the BLNR match the costume of the thing that keeps Gotham safe? Not that I've seen.

No the OP doesn't match the Tiffany colourway, but was it supposed too?

Rolex is having some fun with its dials, shame us collectors and hobbyists can't do the same.

[Goin2drt]

Originally Posted by Ollie1982

Not sure why so many getting their knickers in a twist?

Does the BLRO bezel match that on the Pepsi can? Especially not the new version...
Does the Hulk match the big mans green skin tone? Probably not.
Does the blue and black of the BLNR match the costume of the thing that keeps Gotham safe? Not that I've seen.

No the OP doesn't match the Tiffany colourway, but was it supposed too?

Rolex is having some fun with its dials, shame us collectors and hobbyists can't do the same.

Probably because NO ONE called it Tiffany blue and all called it turquoise until the PP sold for $5M. Now everyone wants to claim they have a Tiffany watch for all their social media following.

[1665fan]

Originally Posted by Goin2drt

Probably because NO ONE called it Tiffany blue and all called it turquoise until the PP sold for $5M. Now everyone wants to claim they have a Tiffany watch for all their social media following.

It’s been called tiffany blue since it came out…. That being said I don’t buy oyster perpetuals….. think I was a teenager the last time I had one

[OG1982]

Originally Posted by Goin2drt

Probably because NO ONE called it Tiffany blue and all called it turquoise until the PP sold for $5M. Now everyone wants to claim they have a Tiffany watch for all their social media following.

You been living under a rock my friend? Every man and his dog has been calling this a Tiffany OP, long before Patek jumped on the bandwagon.

[DLRIDES]

The person that would pay this price for an OP, and the person who would pay $5m for a 5711 should team up and seek a therapist for their “look at me” insecurities.

[teck21]

Originally Posted by DLRIDES

The person that would pay this price for an OP, and the person who would pay $5m for a 5711 should team up and seek a therapist for their “look at me” insecurities.

And to what sort of insecurity should we attribute this sort of attitude towards how other people wish to spend their money?


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[Hollie_Rollie]

Originally Posted by DLRIDES

The person that would pay this price for an OP, and the person who would pay $5m for a 5711 should team up and seek a therapist for their “look at me” insecurities.

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[Rori]

There's an old saying here that goes something like this "The foolish provides a good living to the smart".

[rlx123]

Originally Posted by Rori

There's an old saying here that goes something like this "The foolish provides a good living to the smart".

What about the guy who is smart enough to earn a good fortune and wants to pay grey price for a watch because he doesn’t want to play the AD game?


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[Goin2drt]

Originally Posted by rlx123

What about the guy who is smart enough to earn a good fortune and wants to pay grey price for a watch because he doesn’t want to play the AD game?


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This right here. $35k to many many many people is a rounding error. They see something they like or something that will get them likes on social media they will drop that amount no problem.

I do worry about the group of people right now though that are spending their paper money like drunken sailors. They see their 401k or real estate investment prices on Zillow and feel they “have made it”. They go spend and usually leverage themselves and then the correction comes AS IT ALWAYS DOES. Good night Irene.

[Nav01L]

Just consider this, and it may all end up making sense:

5711 Nautilus
- Prestige brand: CHECK
- Reasonably achievable list price in the greater scope of the brand: CHECK
- Highly distinctive, easily recognizable design: CHECK
- Extraneous event brings it to the forefront of popular attention: CHECK (2018, JayZ starts dropping bars like "No jewels in this Patek Philippe")
- Adopted by popular culture as a status symbol: CHECK
- Sharp rise in demand: CHECK
- Limited availability: CHECK
- Critical voices, disbelief, and disgruntlement in the community: CHECK
- Eventual acceptance of the stratospheric new price level it went to: CHECK
- Resulting valuation: 120,000++

15202 Royal Oak
- Prestige brand: CHECK
- Reasonably achievable list price in the greater scope of the brand: CHECK
- Highly distinctive, easily recognizable design: CHECK
- Extraneous event brings it to the forefront of popular attention: CHECK (being the original Genta watch in a Genta craze initiated by the 5711)
- Adopted by popular culture as a status symbol: CHECK
- Sharp rise in demand: CHECK
- Limited availability: CHECK
- Critical voices, disbelief, and disgruntlement in the community: CHECK
- Eventual acceptance of the stratospheric new price level it went to: CHECK
- Resulting valuation: 105,000++

124300-0006 OP
- Prestige brand: CHECK
- Reasonably achievable list price in the greater scope of the brand: CHECK
- Highly distinctive, easily recognizable design: CHECK
- Extraneous event brings it to the forefront of popular attention: CHECK (Tiffany 5711)
- Adopted by popular culture as a status symbol: Very much in the process
- Sharp rise in demand: Very much in the process
- Limited availability: Probably less out there in total than either of the two above
- Critical voices, disbelief, and disgruntlement in the community: Very very very much in the process
- Eventual acceptance of the stratospheric new price level it went to: We shall see
- Resulting valuation: We shall see

[Randy9999]

Originally Posted by Nav01L

Just consider this, and it may all end up making sense:

5711 Nautilus
- Prestige brand: CHECK
- Reasonably achievable list price in the greater scope of the brand: CHECK
- Highly distinctive, easily recognizable design: CHECK
- Extraneous event brings it to the forefront of popular attention: CHECK (2018, JayZ starts dropping bars like "No jewels in this Patek Philippe")
- Adopted by popular culture as a status symbol: CHECK
- Sharp rise in demand: CHECK
- Limited availability: CHECK
- Critical voices, disbelief, and disgruntlement in the community: CHECK
- Eventual acceptance of the stratospheric new price level it went to: CHECK
- Resulting valuation: 120,000++

15202 Royal Oak
- Prestige brand: CHECK
- Reasonably achievable list price in the greater scope of the brand: CHECK
- Highly distinctive, easily recognizable design: CHECK
- Extraneous event brings it to the forefront of popular attention: CHECK (being the original Genta watch in a Genta craze initiated by the 5711)
- Adopted by popular culture as a status symbol: CHECK
- Sharp rise in demand: CHECK
- Limited availability: CHECK
- Critical voices, disbelief, and disgruntlement in the community: CHECK
- Eventual acceptance of the stratospheric new price level it went to: CHECK
- Resulting valuation: 105,000++

124300-0006 OP
- Prestige brand: CHECK
- Reasonably achievable list price in the greater scope of the brand: CHECK
- Highly distinctive, easily recognizable design: CHECK
- Extraneous event brings it to the forefront of popular attention: CHECK (Tiffany 5711)
- Adopted by popular culture as a status symbol: Very much in the process
- Sharp rise in demand: Very much in the process
- Limited availability: Probably less out there in total than either of the two above
- Critical voices, disbelief, and disgruntlement in the community: Very very very much in the process
- Eventual acceptance of the stratospheric new price level it went to: We shall see
- Resulting valuation: We shall see

Best post yet by far that attempts to explain this phenomenon.

[AK797]

Originally Posted by Nav01L

Just consider this, and it may all end up making sense:

5711 Nautilus
- Prestige brand: CHECK
- Reasonably achievable list price in the greater scope of the brand: CHECK
- Highly distinctive, easily recognizable design: CHECK
- Extraneous event brings it to the forefront of popular attention: CHECK (2018, JayZ starts dropping bars like "No jewels in this Patek Philippe")
- Adopted by popular culture as a status symbol: CHECK
- Sharp rise in demand: CHECK
- Limited availability: CHECK
- Critical voices, disbelief, and disgruntlement in the community: CHECK
- Eventual acceptance of the stratospheric new price level it went to: CHECK
- Resulting valuation: 120,000++

15202 Royal Oak
- Prestige brand: CHECK
- Reasonably achievable list price in the greater scope of the brand: CHECK
- Highly distinctive, easily recognizable design: CHECK
- Extraneous event brings it to the forefront of popular attention: CHECK (being the original Genta watch in a Genta craze initiated by the 5711)
- Adopted by popular culture as a status symbol: CHECK
- Sharp rise in demand: CHECK
- Limited availability: CHECK
- Critical voices, disbelief, and disgruntlement in the community: CHECK
- Eventual acceptance of the stratospheric new price level it went to: CHECK
- Resulting valuation: 105,000++

124300-0006 OP
- Prestige brand: CHECK
- Reasonably achievable list price in the greater scope of the brand: CHECK
- Highly distinctive, easily recognizable design: CHECK
- Extraneous event brings it to the forefront of popular attention: CHECK (Tiffany 5711)
- Adopted by popular culture as a status symbol: Very much in the process
- Sharp rise in demand: Very much in the process
- Limited availability: Probably less out there in total than either of the two above
- Critical voices, disbelief, and disgruntlement in the community: Very very very much in the process
- Eventual acceptance of the stratospheric new price level it went to: We shall see
- Resulting valuation: We shall see

I agree with most of this, but as a Brit who was right there in June 2016 I do still think it was actually WIS that started the hype train as they went crazy for the Nautilus and SS Rolex, but not Omega or even AP initially, after Brexit when the watches here suddenly became dead cheap for those abroad, and thus once prices start rising then everyone around the world starts to take notice, so altho rappers and SM have hyped things beyond belief since then, at least the catalyst was from WIS and watch people who spotted these bargains, to begin this whole new era.

[Rori]

Originally Posted by rlx123

What about the guy who is smart enough to earn a good fortune and wants to pay grey price for a watch because he doesn’t want to play the AD game?


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Money is not a factor here, paying 30k for a 5K watch that is not discontinued or limited edition is insane and I don’t think that even billionaires do it. I would go to my AD and tell him I have 30K to spent at your store for Christmas, I want at least 3 steel Rolexes one of them is a turquoise OP. I’m sure I’ll get the call in no time:-)


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[Nav01L]

Originally Posted by Rori

Money is not a factor here, paying 30k for a 5K watch that is not discontinued or limited edition is insane and I don’t think that even billionaires do it. I would go to my AD and tell him I have 30K to spent at your store for Christmas, I want at least 3 steel Rolexes one of them is a turquoise OP. I’m sure I’ll get the call in no time:-)


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Well how about you do that then? I’m sure nobody has thought about this before you at this point.

In the meantime, what’s insane is attaching the notion of a watch’s value to its MSRP. These watches have become a social phenomenon. They are not cogs, wheels, oils and hands. They are a projection of who we want to be perceived as in the world. The more popular they get, the better they work in that capacity and the higher the demand for them.

An OP 41 in robin egg blue would have portrayed you as a somewhat effeminate, fashion forward extrovert a year ago, which few folks wanted and values were low. Now, things have evolved and mass adoption was propelled by the Tiffany story. If you wear one now, it tells the world that you too are bang on trend, along with some of the coolest individuals in the game. That perception, to many folks has been worth the six figure prices of the Nautilus and Royal Oak for long enough now, so why wouldn’t they spend 30k for a robin egg OP, especially since the blue Genta watches are all but played out? And why would that be mad if they are getting exactly what they’re looking for?

[rlx123]

Originally Posted by Rori

Money is not a factor here, paying 30k for a 5K watch that is not discontinued or limited edition is insane and I don’t think that even billionaires do it. I would go to my AD and tell him I have 30K to spent at your store for Christmas, I want at least 3 steel Rolexes one of them is a turquoise OP. I’m sure I’ll get the call in no time:-)


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It’s all relative. You wouldn’t think twice paying for a pack of gum. To a billionaire, $35k is like a pack of gum. If the watch is what he wants and it makes him happy, then why not. I think it’s insane to NOT buy what makes you happy just because you worry about the inherent value of the watch, especially when it’s a drop in a bucket for the billionaires or even multimillionaires. You can’t take the money with you when your time is up.


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[GoingPlaces]

Originally Posted by rlx123

It’s all relative. You wouldn’t think twice paying for a pack of gum. To a billionaire, $35k is like a pack of gum. If the watch is what he wants and it makes him happy, then why not. I think it’s insane to NOT buy what makes you happy just because you worry about the inherent value of the watch, especially when it’s a drop in a bucket for the billionaires or even multimillionaires. You can’t take the money with you when your time is up.


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How many billionaires are buying this watch? You have no clue who is buying these or any others at grey, no one does except for the dealers themselves. I'm sure there are plenty of people that are leveraging themselves just because of the social hype and must have factor. Otherwise people like David wouldn't be offering Affirm financing. The billionaire ratio is played out, most people get it.

[bob sims]

Originally Posted by Rori

Money is not a factor here, paying 30k for a 5K watch that is not discontinued or limited edition is insane and I don’t think that even billionaires do it. I would go to my AD and tell him I have 30K to spent at your store for Christmas, I want at least 3 steel Rolexes one of them is a turquoise OP. I’m sure I’ll get the call in no time:-)


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Are you an expert on what billionaire's do?
They drop a million on a bottle of wine at the drop of a hat.

[JacksonRain]

Originally Posted by bob sims

Are you an expert on what billionaire's do?

They drop a million on a bottle of wine at the drop of a hat.

But then they will only have 999 more millions