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22 December 2021, 09:10 PM | #271 | |
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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. |
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22 December 2021, 09:36 PM | #272 |
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Isn't it quite obvious actually, we've been here before...
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
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22 December 2021, 10:16 PM | #273 |
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Now that the "issue" of the OP Turquoise blue price trend is all over the press (ok, maybe all over subject-specialized press) we may sit down and have good time watching the prices increase.
https://timeandtidewatches.com/waw-h...ual-turquoise/ https://www.fratellowatches.com/the-...-doesnt-exist/ |
22 December 2021, 10:18 PM | #274 | |
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22 December 2021, 10:39 PM | #275 | |
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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:-) Sent from my iPhone using Tapatalk
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22 December 2021, 11:24 PM | #276 | |
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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?
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23 December 2021, 01:11 AM | #277 | |
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23 December 2021, 01:18 AM | #278 | |
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23 December 2021, 01:25 AM | #279 | |
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Greetings from Switzerland Remember, the dignity you surrender at your AD‘s doorstep will never be recovered by wearing the watch he may get you. |
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23 December 2021, 01:29 AM | #280 | |
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So yes, the impetus was probably from the WIS and then quickly spread into popular culture through some select artists and celebrities. Whether Brexit had anything to do with it though I’m not sure. I think the ups and downs of the GBP have certainly been exploited well enough, but not sure that gave rise to anything that wouldn’t otherwise have happened.
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Greetings from Switzerland Remember, the dignity you surrender at your AD‘s doorstep will never be recovered by wearing the watch he may get you. |
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23 December 2021, 01:52 AM | #281 | |
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that's a common theme around these parts. Also, you hear don't buy the hype buy a watch simply cause you love it... lol. OK so that's what I did when I bought my daytona last year for 26k. I didn't buy it for an investment, I didn't buy it cause of hype, I bought it cause selling my other one a couple years prior was my biggest (watch related) regret and it was my goal to get one back. Glad I didn't wait for the price to come back down lol. Then you have hypocritical investment talk. If you tell me I'm stupid for paying 26k you're likely saying it's a bad investment. Which is the first rule of TRF, you don't talk about investments. So you got people breaking their own rules by passing judgment and criticizing those that pay above retail. While what they're really doing is adding their 2 cents on whether or not it's a good investment. Then you comically have people just constantly being proven wrong as all of these watches continue to climb in value. I love the way these threads age. Go back and look at the "daytona going for $19k" threads and read the comments. Sorry, rant over. |
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23 December 2021, 05:26 AM | #282 | |
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Now 35k - OP 41 Turquoise Tiffany
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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. Sent from my iPhone using Tapatalk |
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23 December 2021, 05:32 AM | #283 |
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I fart $35k, there's no ceiling.
Sent from my balloon knot |
23 December 2021, 05:40 AM | #284 | |
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23 December 2021, 05:41 AM | #285 |
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if anyone spends 30k on an OP. even 10k, they need their head examined
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23 December 2021, 05:46 AM | #286 | |
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The smart money came in thick and fast that summer and after the UK was spent, the money turned towards the US and other countries soon followed. The way the market has changed so much means that it probably would have gone this way eventually but Brexit probably speeded up the process by a year or two. |
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23 December 2021, 05:47 AM | #287 | |
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It is always dependent on the given point of view. From our perspective the Sun is huge and far. But then it is just one of approx. 400 billion stars in the Milky Way only. And the Milky Way is just one among billions of galaxies in the Universe. So from the latter POV the Sun os nothing. And so is 30k - for many negligible. |
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23 December 2021, 05:49 AM | #288 | |
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23 December 2021, 06:17 AM | #289 |
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But very elegantly so.
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Greetings from Switzerland Remember, the dignity you surrender at your AD‘s doorstep will never be recovered by wearing the watch he may get you. |
23 December 2021, 07:43 AM | #290 | |
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They drop a million on a bottle of wine at the drop of a hat. |
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23 December 2021, 08:05 AM | #291 |
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23 December 2021, 09:14 AM | #292 |
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I find it absolutely hilarious how there are so many daft people out there, who are buying in at these crazy prices simply because it has a slightly similar dial colour to a completely different, limited edition, last of it's line, genuine Tiffany-collaboration (and hence genuinely Tiffany-coloured), Patek watch that sold for crazy money in a charity auction.
The two things are totally and utterly unrelated. It's like if there was suddenly a gold shortage, and people started buying up loads of brass because it's also a metal and it's a similar colour. It makes about as much sense! I'm not having a go at anyone who bought one at RRP because they liked it, nor those who are now listing them for insane money - I mean, why not? All the time there are clowns prepared to pay for what the latest hype tells them they should be wearing, then why not make money off them? I'm just questioning the sanity of anyone (irrespective of how wealthy they are) who BUYS one of these at 5, 6, 7 times RRP. I find it all hilarious! |
23 December 2021, 09:23 AM | #293 | |
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Greetings from Switzerland Remember, the dignity you surrender at your AD‘s doorstep will never be recovered by wearing the watch he may get you. |
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23 December 2021, 09:33 AM | #294 | |
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But irrespective of that, this turquoise OP has only recently got its 'social currency component' due to lots of people apparently being slightly colour-blind, mistaking the name "Patek" for "Rolex", being unable to see that the words "Tiffany & Co." aren't written on the dial, and the tiny little fact that it's not a limited edition piece. |
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23 December 2021, 09:41 AM | #295 | |
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23 December 2021, 09:41 AM | #296 | |
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I know my watch could be sold for a profit, but I won't do it. The people who do are why this whole thread and argument exists, and then people hate the watch because they are angry how expensive and unobtainable it has become. That was the point of my post, and it stands on its own merit. Happy holidays, troll. |
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23 December 2021, 09:45 AM | #297 | |
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We are on the same page! Best of health with your Daytona. It's beautiful. Enjoy cheers |
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23 December 2021, 10:22 AM | #298 |
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23 December 2021, 11:01 AM | #299 | |
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- Mistaking the brand: Why would the appeal be reliant on this. I think its amply clear to any of us that we won't get the Nautilus, so the lack of a Patek inscription is not relevant. Most of us are probably happy enough with this being an attractive and highly recognizable Rolex. - Lack of Tiffany & Co inscription: See above re the Patek inscription, not sure this is really relevant. The Tiffany piece has no doubt served as a propellant for a new, broader trend. But this trend was arguably already on the way with the Rolex - which believe it or not is an appealing watch on its own merits which was actually getting quite popular before this whole Tiffany affair. - Not a limited edition: Neither are the regular Nautilusses, and I'd argue they are rare enough. In addition, as I've said before, there are probably less robin egg blue OPs in the world in absolute numbers than there are 5711s. And yet we consider the latter to be rare. So with all that said, I have to confess, I like the robin egg blue OP to the point where I can see value in it even at 30k. Luckily, I got a call last week that prevented me from having to think about this with any level of seriousness.
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Greetings from Switzerland Remember, the dignity you surrender at your AD‘s doorstep will never be recovered by wearing the watch he may get you. |
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23 December 2021, 11:21 AM | #300 | |
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