Can someone redpill me on the Stainless hyperinflation?

[Bonano]

I'm struggling to understand why SS watches (vintage subs in particular) are commanding the prices they are now. When I first visited my local jeweler had had a couple 1680s there and a bunch of other SS models for $4K, $5k etc and they weren't moving so much. Now they are above $10K.

They are gorgeous pieces of course, but I just don't see paying MORE for a stainless 1680 than I would for a YG 18038. One is $1/lb and the other is $1600 an OUNCE!

Is it because they don't wear nearly as fast as gold? That they are more durable and/or a more casual outfit accessory? I apologize as I'm sure this has been asked a lot, but I MUST KNOW!

Sidenote... is it a good time to get a 1803/8? What would be a good price with a pres bracelet?

[roh123]

Sport watches cost more than a non-sport. A minty gold 1680 costs way more than a steel one.

[Dan S]

Originally Posted by Bonano

They are gorgeous pieces of course, but I just don't see paying MORE for a stainless 1680 than I would for a YG 18038. One is $1/lb and the other is $1600 an OUNCE!

Then you are in luck, definitely buy yourself a nice 18038. I'm sure you can find prices by looking for sold items on eBay and forum classifieds. Be sure to follow up with photos.

[2nastie]

Like everything else in life the value of something is beyond just material costs. Right now, sport watches is the pinnacle of Rolex watches and are in higher demand. Back in the day bubble backs and gold pieces were the definition of Rolex and Paul Newman Daytonas were kicked around on the floor and given away for free with a purchase.

[Styles Bitchley]

Supply and demand.

[Tom1675]

Gold still commands more of a price v. stainless. But forget the part of your argument that addresses the weight of the piece. Anything worth more than scrap will not be scrapped.

[locutus49]

Here we go again. "But gold costs more than steel on the open market..."

[zapokee]

The spirit of wappinghigh lives on...

[1675-David]

[rootbeer7]

Can someone redpill on what’s redpill?

[zapokee]

Originally Posted by rootbeer7

Can someone redpill on what’s redpill?

Love the use of "redpill" as a verb. Seems to be a reference to The Matrix. You take the red pill to reveal the truth and the blue pill to remain in ignorance.

There isn't a noun that can't be verbed.

[rootbeer7]

Originally Posted by zapokee

Love the use of "redpill" as a verb. Seems to be a reference to The Matrix. You take the red pill to reveal the truth and the blue pill to remain in ignorance.

There isn't a noun that can't be verbed.

aha, the SP

[iliketime]

rising tide? speculation? new interests? collectors scrambling for whats left? take your pick

[Bonano]

Originally Posted by 2nastie

Like everything else in life the value of something is beyond just material costs. Right now, sport watches is the pinnacle of Rolex watches and are in higher demand. Back in the day bubble backs and gold pieces were the definition of Rolex and Paul Newman Daytonas were kicked around on the floor and given away for free with a purchase.

So I guess it's just the market has shifted to sport watches as the being a better look? More casual? The big factor I would consider if I were in the market for one was the fact that they are undoubtedly more damage resistant than YG or WG. And unlike a prez bracelet the links egg out and stretch like crazy. But maybe thats just me?

Appreciate the responses, I apologize if this question comes up often.