Bro I went to a couple grey market watch dealers and it seems they are price fixing. They are buying watches super super super low but still asking very high premiums like 2022 premiums. Which makes no sense to me. I tried to sell my sub that I paid $11k for and got offered $8k but on the window they got it displayed for $11,500. Like makes no no sense
@@BobbyDazzler888 not all of them. You will never see a Daytona Panda at MSRP nor a Patek Nautilus or a Aquanaut but for other models even from these same brands that were overpriced are getting at retail or below.
@@afvro75next year watches will be like pre 2018. Nautilus will sell just double its price and everything else with slight premium over msrp. ASIAN Market is dead , middle east is ok because they are trading most of the time. Europe is done
Buying an overpriced watch from a flipper or grey market dealer is the worst decision you could make if the watch is still in production. The only reason watch prices have not fallen below retail is because grey market dealers overpaid for these watches and can’t afford to sell them for a loss. The watch market is dead with inventory being listed on multiple sites at the same time sitting around collecting dust. Nobody is buying anything at these over inflated prices. In fact, if the watch is still in production, the best move is to buy it from the manufacturer (Bucherer for Rolex) directly and wait for it. At least you will know you’re getting the watch at retail and it’s not falling below that yet. There are no more supply chain shortages so watch manufacturers can make plenty of watches.
These are transaction-based prices, so people are paying the prices shown. Undoubtedly, they're less than the average asking price. (The size of the gap is the most predictive indicator.)
another reason also is that the fakes are getting identical. who people may bought a grey market or used watch and may be getting one of those 1:1 super clones or whatever they're calling it.
These watches have not lost VALUE……. They’ve lost hype. They’re now trading at a more realistic price….. I have no sympathy for anyone burnt…. This is what happens when you buy to sell rather than buy what you want…..and then wear and enjoy it!!!!
I lost my shirt but my grey dealer says I'll make it all back if I buy into his new hot line.....................Tulip bulbs!! What should I do????? 😂😂😂😂
firstly to be clear (for some). when these watches have recently lost value. you mean they lost the grey market value. not retail. grey market prices are unrealistic.. secondly. NO watch is worth more than it's retail price IMO.. when you buy at retail. everybody makes plenty of money. the Company. the Boutiques. the ADs and Suppliers. paying grey market price is utterly stupid. e result is what you see today !!. personally i will only buy from the Boutiques at retail. thanks for the update.
I am a serious watch collector but I always buy a watch to wear not an “investment”. There are far better investments than watches and the reason for these unjustified crazy secondary prices are because people bought them to flip or make money instead of wearing the watch. I never pay above the official retail price and suggest no one pays a “premium”. Let’s not be conned by the hype!
I’ve been into watches since the mid '90 and I'm also a WOSTEP graduate. The AP are (from a pure product perspective) $15k to $20k tops. Chopard does waaaay better stuff at a fraction of the price with their LUC line.
These are actually watch market values. If you are selling to a dealer take 25-30% off the above to cover their margins. So if you are selling some of these watches today having bought at peak; you will get back 25 cents to the dollar.
My favorite 2024 is the Prospex Limited Edition 1965 Recreation European Exclusive in Gradation Island Blue. The dial is stunning and the contrast when on a white strap is to die for. I will get my hands on one from AMZWATCH
@@bdegrds except he's speaking truth. When a marketer has numbed you to spending an exorbitant amount of money especially on something that has been marked up heavily... they have won. Think of it like this: Christopher Ward makes solid affordable watches... and as a company, they promised to ONLY SELL WATCHES FOR A MAXIMUM OF THREE TIMES THE VALUE OF MATERIALS. Think about that for a second. If Christopher Ward is only 3x the value of materials, what is Rolex at? What is AP and PP?
That Daytona model is discontinued, and many people mention that they like it more than the new one for several reasons, including the case and the dial. Do you think it has already reached its lowest point?
There is a difference between VALUE and PRICE. Although this video uses the word value, it means price. This helps to explain the decline in watch PRICES. They don't have the value their buyers first thought they had.
I really do not understand buying watches or even homes as investment. It’s like buying an object and waiting for someone will buy it at higher price. For investments, I buy stocks. Stock prices rise because there are people working hard all day everyday to add value to those companies. There are values being CREATED. It’s also far less a hassle to deal with in terms of buying and selling. I buy watches. Don’t get me wrong. But I buy with anticipation that it lost all its value once I wear it.
@@tuyenhoang5546 Why doesn’t Apple fire all of its people and let its properties sit and sell them at higher price? No one is adding value to empty homes. Buying property is like buying a cafe but not doing business, just waiting for another guy to take of off your hand at higher price or buying a factory but not producing anything, just waiting to sell it at higher price. I had owned 2 properties in SF Bay Area before. Sold them. My net worth is 10m. I know what I am talking about. I recently bought a 2m vacation home which I have no intention of selling, ever. It is bought with AAPL lots which I paid less than 50k for 20 years ago.
@@tuyenhoang5546 Why would you pick a stock that is losing value? Even if you are incapable of finding stocks where people working on that company is adding value, you can always just buy BRK, MA, V, SPY. Those will beat real estate long term. 20 years ago, Japanese believed real estate can only go up. What happened? The bubble corrected itself and Japan's real estate declined for two decades. Not to mention it's a hassle to buy and sell real estates, and there's commission involved. People who get rich via real estate isn't because of real estate but by playing leverage. That is, 20% down, hoping it grows 20%, and that makes a 100% gain. However. It goes both ways. 20% down, it loses 20%, you lost all.
It’s dead for some brands and models, but many watch models never got that inflated. Take the omega planet ocean, aqua terra, globalmaster, and smp 300.
I am waiting for prices t settle downward because I am a collector and I do not see the value in paying 2X over list. I have no idea what prices watches will be in the future, but I sense that many collectors will either buy hard to get watches like Rolex, AP, or Patek at retail, or wait until the market price settles close to retail. If the market does shift up, then c'est la vie, I will by other brands that I want to buy to wear.
in short... The bigger it jumped the bigger it fell lol. What would have been more interesting is the models that jumped like crazy and maintained their value the most after the correction. I wonder how many sad souls bought at the peak and are now turned off of watch buying seeing their losses.
I really enjoyed the term "Correction" being thrown around as I watched various UA-cam videos from people who would cover high end luxury watches. Looking at the losses I wouldn't be surprised if the rise and fall ties closely in with the boom and bust of the Crypto markets over the same period of time.
I remember seeing an Aquanaut in the AD window in 2016 and I had an Aquanaut before they were sought after. It’s not a great watch and quite a few people told me it was a poor man’s Nautilus.
Yes! The aquanaut 1st came out as a "poor" ppl's patek I tried on 1 at Shreve for 6500usd then..that was the 1st generation quartz aquanaut...a bit smaller too. This was way earlier than 2016.
One thing important to point out is that the prices in march/april 2022 were ridiculously highly overpriced due to the covid pandemic, ppp loans, scarcity of watches and so on so it was the "perfect storm" for that crazy overinflated increase in prices. Now we are coming back more to reality and even so many of these watches are still quite overpriced compared to prepandemic prices in years prior. Many of these watches are still going for twice or three times their reatil value (which is crazy) but yes it's defenitely more attractive to buy now than two years ago, however watches are still coming down so we'll see what happens, say at the end of 2024.
The authorized dealers greed killed the market. They are the ones that feed the secondary market and even sell directly via back door means. The grey market just sells watches based on supply and demand. M
The market was not artificial. What are you talking about? It’s a matter of supply & demand. The demand was high. The supply was extremely low, especially with specialty watches. They don’t make that many specialty watches. Right now you can go into a Rolex A.D. and ask for a watch. Good luck! They have zero watches for the public.
@@Jas-1000 totally untrue. Tons of stock available in Singapore. If you disagree, I’m willing to take a side bet with you. I’ll give you me email contacts details publicly and you do the same. You say no Rolex models available at the ADs. I say otherwise.
@@marcn8750 yeah you just said the key word SINGAPORE. Well here in America, there’s zero watches at the AD. Don’t believe me walked. Into any dealer here in San Diego, Los Angeles, New York, Miami. ZERO watches!
I sold all but my AP bucherer in 22’ icluding my favourite watch a Patek bimetal nautilus ..sold privately for £110k honestly the best watch I’ve ever owned but the prices were crazy then…I’m not buying any watches until say I can buy back a Patek say the same bimetal Patek for 50k ..I originally bought mine for 38k.
China had this huge boom due to foreign investments in the last 30 years. Now that FDI goes out of China and into other emerging markets, the luxury market is adjusting down to what it should be.
Well ya it's awkward if you wear it on your left wrist like the person did in this video. If you're a left handed person and wear it on your right wrist AS IT WAS DESIGNED TO BE then no it's not awkward at all. But pretending to know about watches such as yourself and not knowing a simple fact as this that is awkward
Love the video and info…but I think if you shift the “Market Price 2 years ago” to the left a bit, it won’t look like it’s aligned w the depreciation graph/timeline.
the 50th anniversary royal oak is actually ridiculous. for an anniversary model, you get an ugly white gold engraving of “50” while a non-anniversary model has a gold engraving that is much nicer
The heavy metal gold watch is will fall value further more I think it will be back to pre-covid price brand like AP,Patek Philippe,Rolex,VC,RM and other more…
In summary, during and just after Covid people with a lot of money were bored and began using watches as investment mechanisms. People started paying over the odds and now they are starting to level out.
Frightening how fellow humans manage the so called " money investment " and it's not only watches that suffers from that craziness, investment is becoming a big ponzi scheme.
Watches are not for investment, if u care about losing its monetary value more than its sentimental value, then it just simply means u cannot afford it. People who can afford it wont care about what is the monetary value after they bought it.
Very informative...and predictable. Given the state of the economy...I predict another 40-50% drop in popular model prices before one of two things happen. One, the market stabilizes and turns around...or two...world war and you'll be lucky if your Daytona buys you a loaf of bread.
I've been warning about this on other watch channels, but they were in denial and maybe still in denial, but yes I predict there are some large watch makers that actually may go bust in the next couple of years.
They choose to dump them and take a loss rather than maintaining them. I asked how much would it cost me to maintain a $15K Rolex. The answer was $3K every 5-7 years.
Not true, all watch brands will tell u 5-7 years but the ave for time only watches is around 650usd...for Chronos ave is 850usd...for the haute horology pieces they're higher due to the complications. But 5-7 yrs for Rolex and Omega doesn't hold true. These pieces just keep going. Don't fix it if it ain't broke. For other more refined movements they do require more frequent servicing and the 5yr ave is accurate...
Never ever buy above retail. It’s a mugs game. Besides, wouldn’t you rather a brand new watch from retailer than to have to deal with the angst of whether there are any issues with your used watch? I get taking the “risk” when you’re buying on the secondary market and paying way below retail - no issue there - but paying above retail? Nah, not for me
The prices of two years ago are unrealistically high, historically speaking. So using that as a benchmark price to assess the depreciation today is a bit of sensationalism. Secondly, for the non-complication models to have dropped so little when their chronographs have dropped so much just means that their respective price gaps are not realistic - the non-complication models will have to fall further in price (a likely scenario IMO) and in fact even the chronographs (e.g. PP's annual calendar chronograph) will have at least another 10-15% depreciation; ditto those of AP. I reckon the Omega Speedmaster Snoopy could have as much as another 40% to fall. Meantime, Omega's perrenial rival, Rolex, have always been over-valued relative to Omega. Fans would always claim it deserves its premium over its Omega equivalent. But even if that were the case, its premium over Omega has always been too big so expect Rolexes to fall further across the board. Surprisingly, the Rolex Daytona's current price is the least over-priced compared to the historical evolution of its price. I expect that the Daytona will have little room for a price fall at its current price. To put all of the above in perspective, with all these recent depreciation of various models across various brands, the end result is less price dispersion across the premium/high-end watch universe. This is as it should be as the last few years have seen the top-end models of premium watches running ahead of themselves. So some collapse in price dispersion is just what the doctor ordered.
Still didnt understand. If the same watch is still under production, why would you buy a second hand one at much higher price? May be the only answer is that watch makers will never sell you the new one even under production and you will have to buy a second hand if you like the watch so much. That;s pure market manipulation.
It is - that's how it works. The 'retailers' shops only have watches that are for 'display' and you may or may not want to line up for a watch which could take a year or so. If you want it right away - you go to the grey market (which is probably where the manufacturers are dumping their watches).
Who, apart from the late Charles Schultz, would spend more than $20 on a Snoopy watch, with the huge choice of classy Omegas available? Presumably for flipping only.
How the F can people pay up huge amounts more than retail for a second hand watch that is still in production. Just order one, go on a wait list and …..
So they dropped from insanely overpriced to just overpriced.
Key message, all going back to msrp. Flipping is almost over.
Watches are NOT investments.
Bro I went to a couple grey market watch dealers and it seems they are price fixing. They are buying watches super super super low but still asking very high premiums like 2022 premiums. Which makes no sense to me. I tried to sell my sub that I paid $11k for and got offered $8k but on the window they got it displayed for $11,500. Like makes no no sense
@@BobbyDazzler888 not all of them. You will never see a Daytona Panda at MSRP nor a Patek Nautilus or a Aquanaut but for other models even from these same brands that were overpriced are getting at retail or below.
@@afvro75next year watches will be like pre 2018. Nautilus will sell just double its price and everything else with slight premium over msrp. ASIAN Market is dead , middle east is ok because they are trading most of the time. Europe is done
Did people actually buy at these highs or was it just dealers punting at this level
Buying an overpriced watch from a flipper or grey market dealer is the worst decision you could make if the watch is still in production. The only reason watch prices have not fallen below retail is because grey market dealers overpaid for these watches and can’t afford to sell them for a loss. The watch market is dead with inventory being listed on multiple sites at the same time sitting around collecting dust. Nobody is buying anything at these over inflated prices. In fact, if the watch is still in production, the best move is to buy it from the manufacturer (Bucherer for Rolex) directly and wait for it. At least you will know you’re getting the watch at retail and it’s not falling below that yet. There are no more supply chain shortages so watch manufacturers can make plenty of watches.
These are transaction-based prices, so people are paying the prices shown. Undoubtedly, they're less than the average asking price. (The size of the gap is the most predictive indicator.)
another reason also is that the fakes are getting identical. who people may bought a grey market or used watch and may be getting one of those 1:1 super clones or whatever they're calling it.
Imagine spending quarter of a million dollars on a RO that’s now 80k 💀💀💀💀💀💀💀
Crayon eaters
The FOMOs get precisely the pain they created for themselves.
Good. They werent watch collectors.
Well, if you’re stupid enough to believe in “perceptual” value, expect to lose a lot of money. That’s just how that shit works.
Sheep stuff
Buy what you like is the key. If it increases/holds value then bonus
As a broke boy and actual enthusiast who wants prices to crater, this is great news.
Honestly so much crap on the market now. 😂
I went AD for my SMP300 and Tudor bb41. I would be careful buying pre owned/used
These watches have not lost VALUE……. They’ve lost hype. They’re now trading at a more realistic price….. I have no sympathy for anyone burnt…. This is what happens when you buy to sell rather than buy what you want…..and then wear and enjoy it!!!!
Definitely not yet the bottom, waiting till this Q3
Drop Drop Drop Dropping!!! TSGWMID
I lost my shirt but my grey dealer says I'll make it all back if I buy into his new hot line.....................Tulip bulbs!! What should I do????? 😂😂😂😂
Insure the tulips and wait 😂
Plant them in good soil away from direct sunlight?
😂
Get into that Tulipmania and become rich my friend.
go dutch with him
Happy I bought a Tissot it did not go up or down
Lol
firstly to be clear (for some). when these watches have recently lost value. you mean they lost the grey market value. not retail.
grey market prices are unrealistic..
secondly. NO watch is worth more than it's retail price IMO.. when you buy at retail. everybody makes plenty of money. the Company. the Boutiques. the ADs and Suppliers. paying grey market price is utterly stupid. e result is what you see today !!. personally i will only buy from the Boutiques at retail. thanks for the update.
Think there are collectors with moore watches then retailers!
This report is so delightful!
I am a serious watch collector but I always buy a watch to wear not an “investment”. There are far better investments than watches and the reason for these unjustified crazy secondary prices are because people bought them to flip or make money instead of wearing the watch. I never pay above the official retail price and suggest no one pays a “premium”. Let’s not be conned by the hype!
I’ve been into watches since the mid '90 and I'm also a WOSTEP graduate. The AP are (from a pure product perspective) $15k to $20k tops. Chopard does waaaay better stuff at a fraction of the price with their LUC line.
These are actually watch market values. If you are selling to a dealer take 25-30% off the above to cover their margins. So if you are selling some of these watches today having bought at peak; you will get back 25 cents to the dollar.
My favorite 2024 is the Prospex Limited Edition 1965 Recreation European Exclusive in Gradation Island Blue. The dial is stunning and the contrast when on a white strap is to die for. I will get my hands on one from AMZWATCH
As the economy slows, the prices will drop further...
Thanks for the info!!!
I know people who teamed up to buy super expensive watches on secondary market and are now out of the money big time…
As a broke guy I am waiting for royal oak replica price to crash from 350$ to 150$ so I can finally afford one used for 90$
my guy. buy a casio. it might do the reverse and go up in value when it randomly starts trending on twitter.
Imaging paying over $150,000 for a product that took $2000 to produce.
Covid madness.
You obviously have no idea what your talking about
@@bdegrds except he's speaking truth. When a marketer has numbed you to spending an exorbitant amount of money especially on something that has been marked up heavily... they have won.
Think of it like this: Christopher Ward makes solid affordable watches... and as a company, they promised to ONLY SELL WATCHES FOR A MAXIMUM OF THREE TIMES THE VALUE OF MATERIALS. Think about that for a second. If Christopher Ward is only 3x the value of materials, what is Rolex at? What is AP and PP?
@@bdegrds sure, how much did you pay?
Could be less 😂
Was on a cruise ship last week, they had used Rolexes in the gift shop. They were asking $30k for a Batman GMT… yeah right.
They are sniffing ass for that pricr
I was too they had a 1981 26mm ladies date just diamond after market dial and bezel for $8,500 !!!!! Hahahhahaja
I think I was on that ship too.
I didn't lose anything. I bought a Casio 😅
i have 4 of em... and now m gunna start collecting them... and seiko... value for money, dont hurt the pocket and casio will outlive me
So you lost 100%
Lol. If you wear it then ok
Better thee than me.
@@m1n1sw00sh Who knows? That man may save the amount to buy gold or NVDA at that time. Then multiple his money.
Great information! What’s your take on the Rolex Hulk? Predictions?
Very interesting as always. Many thanks 🙏
That Daytona model is discontinued, and many people mention that they like it more than the new one for several reasons, including the case and the dial. Do you think it has already reached its lowest point?
In my opinion 126500ln especially with black dial is a better watch. I think 116500ln will continue to drop
@@cookingwithwatches I have both and the old 116500 panda is much better.
No
@@robertwithers3853 yes
11,000 Daytona’s listed for sale on chrono24. There are tons of them.
A hyped watch for no reason at all.
There is a difference between VALUE and PRICE. Although this video uses the word value, it means price. This helps to explain the decline in watch PRICES. They don't have the value their buyers first thought they had.
Remember when everyone was saying that watches were INVESTMENTS?
I really do not understand buying watches or even homes as investment. It’s like buying an object and waiting for someone will buy it at higher price. For investments, I buy stocks. Stock prices rise because there are people working hard all day everyday to add value to those companies. There are values being CREATED. It’s also far less a hassle to deal with in terms of buying and selling. I buy watches. Don’t get me wrong. But I buy with anticipation that it lost all its value once I wear it.
@@zilunlol most millionaires are from owning properties, not from stocks. Long term indexes are good but not all stocks are good
@@tuyenhoang5546
Why doesn’t Apple fire all of its people and let its properties sit and sell them at higher price? No one is adding value to empty homes. Buying property is like buying a cafe but not doing business, just waiting for another guy to take of off your hand at higher price or buying a factory but not producing anything, just waiting to sell it at higher price. I had owned 2 properties in SF Bay Area before. Sold them. My net worth is 10m. I know what I am talking about. I recently bought a 2m vacation home which I have no intention of selling, ever. It is bought with AAPL lots which I paid less than 50k for 20 years ago.
@@zilun that’s so damn stupid. You’re picking aapl and I can pick a losing stock. Aapl is one of a few that’s been doing well sure, but not all
@@tuyenhoang5546
Why would you pick a stock that is losing value? Even if you are incapable of finding stocks where people working on that company is adding value, you can always just buy BRK, MA, V, SPY. Those will beat real estate long term. 20 years ago, Japanese believed real estate can only go up. What happened? The bubble corrected itself and Japan's real estate declined for two decades. Not to mention it's a hassle to buy and sell real estates, and there's commission involved. People who get rich via real estate isn't because of real estate but by playing leverage. That is, 20% down, hoping it grows 20%, and that makes a 100% gain. However. It goes both ways. 20% down, it loses 20%, you lost all.
you got the snoopy spot on. the watch is no long on my mind and i have move on.
Great video but opusntime watches has been saying this for the last two years. The watch market is dead in a backyard pool and floating face down 🏊
Haha, these were his exact words, over and over...
Faster than Bill Clintons pants in an Arkansas farm house
It’s dead for some brands and models, but many watch models never got that inflated. Take the omega planet ocean, aqua terra, globalmaster, and smp 300.
Great content
I am waiting for prices t settle downward because I am a collector and I do not see the value in paying 2X over list. I have no idea what prices watches will be in the future, but I sense that many collectors will either buy hard to get watches like Rolex, AP, or Patek at retail, or wait until the market price settles close to retail. If the market does shift up, then c'est la vie, I will by other brands that I want to buy to wear.
in short... The bigger it jumped the bigger it fell lol. What would have been more interesting is the models that jumped like crazy and maintained their value the most after the correction. I wonder how many sad souls bought at the peak and are now turned off of watch buying seeing their losses.
I really enjoyed the term "Correction" being thrown around as I watched various UA-cam videos from people who would cover high end luxury watches. Looking at the losses I wouldn't be surprised if the rise and fall ties closely in with the boom and bust of the Crypto markets over the same period of time.
Bingo. Just people trying to hide money to buy a lot of bling.
No not related. Crypto is a modern ponzi scheme, Horology is an artform few centuries old
I was going to have The Timepiece Gentleman sell my AP on consignment but he doesn't seem to be around anymore.
😂😂😂
You missed out, I hear his business is thriving
You didn't mention my Pagani Design? 😂🤣🤪😂🤣🤪
I remember seeing an Aquanaut in the AD window in 2016 and I had an Aquanaut before they were sought after. It’s not a great watch and quite a few people told me it was a poor man’s Nautilus.
Yes! The aquanaut 1st came out as a "poor" ppl's patek I tried on 1 at Shreve for 6500usd then..that was the 1st generation quartz aquanaut...a bit smaller too. This was way earlier than 2016.
I honestly believe there is at least another 10% decline
One thing important to point out is that the prices in march/april 2022 were ridiculously highly overpriced due to the covid pandemic, ppp loans, scarcity of watches and so on so it was the "perfect storm" for that crazy overinflated increase in prices. Now we are coming back more to reality and even so many of these watches are still quite overpriced compared to prepandemic prices in years prior. Many of these watches are still going for twice or three times their reatil value (which is crazy) but yes it's defenitely more attractive to buy now than two years ago, however watches are still coming down so we'll see what happens, say at the end of 2024.
In other words over inflated prices
grey market greed killed the watch market 😂😂😂
It was an artificial market like nft’s.
So many suckers out there
The authorized dealers greed killed the market. They are the ones that feed the secondary market and even sell directly via back door means.
The grey market just sells watches based on supply and demand.
M
The market was not artificial. What are you talking about? It’s a matter of supply & demand. The demand was high. The supply was extremely low, especially with specialty watches. They don’t make that many specialty watches. Right now you can go into a Rolex A.D. and ask for a watch. Good luck! They have zero watches for the public.
@@Jas-1000 totally untrue.
Tons of stock available in Singapore.
If you disagree, I’m willing to take a side bet with you. I’ll give you me email contacts details publicly and you do the same.
You say no Rolex models available at the ADs. I say otherwise.
@@marcn8750 yeah you just said the key word SINGAPORE. Well here in America, there’s zero watches at the AD. Don’t believe me walked. Into any dealer here in San Diego, Los Angeles, New York, Miami. ZERO watches!
I sold all but my AP bucherer in 22’ icluding my favourite watch a Patek bimetal nautilus ..sold privately for £110k honestly the best watch I’ve ever owned but the prices were crazy then…I’m not buying any watches until say I can buy back a Patek say the same bimetal Patek for 50k ..I originally bought mine for 38k.
When Rolex production reach the 1,8-2,0 million a year in 2028 secondary rolex prices will drop to 50% below retail for regular catalogue pieces
Will that include Rolex’s CPO watches?
@@eyeheartsushi2212 hopefully
thanks for the information keep it up the watch market is dead now i can ask a discount from my ad .
Great info!
Few years ago, I recall stating to myself, “so I need to save 17k for an AP. Got half that, then they went up! Yea, I’m good.
China had this huge boom due to foreign investments in the last 30 years. Now that FDI goes out of China and into other emerging markets, the luxury market is adjusting down to what it should be.
The Sprite is a failure in design, it's awkwardness hasn't faded.
It's for left handed people
Unless your left handed then it's fine
Never been a fan of the Aquanaut
Wait
Well ya it's awkward if you wear it on your left wrist like the person did in this video. If you're a left handed person and wear it on your right wrist AS IT WAS DESIGNED TO BE then no it's not awkward at all. But pretending to know about watches such as yourself and not knowing a simple fact as this that is awkward
If Patek Philippe 5167a-001 retail price is 24000 USD then does that mean, I can buy this at this price directly from PP ?
I dont understand how it can sell below retail? How does that happen?
Great video and info. Hope the hoarders, back door buyers of ADs and flippers are happy. Hahahhahaha...
Love the video and info…but I think if you shift the “Market Price 2 years ago” to the left a bit, it won’t look like it’s aligned w the depreciation graph/timeline.
what about the bovet?
the 50th anniversary royal oak is actually ridiculous. for an anniversary model, you get an ugly white gold engraving of “50” while a non-anniversary model has a gold engraving that is much nicer
Still double from retail
Glad I stayed strong 💪🏼 and didn’t buy at these insane prices. Not gonna lie though, it was hard not buying anything for several years
I don’t understand…. things are still flipping on a high here in Singapore.
The heavy metal gold watch is will fall value further more I think it will be back to pre-covid price brand like AP,Patek Philippe,Rolex,VC,RM and other more…
When you consider that an AP RO was 7500€ only 12 years ago, this is insane.
Dropping like BClintons pants 👖 in the White House in 1994. 😱😱😱
AP LP used to have 30% margins for AD's - so go figure what the watch is worth....😁
How can you buy the snoopy at retail. I want it for me not to flip
In summary, during and just after Covid people with a lot of money were bored and began using watches as investment mechanisms. People started paying over the odds and now they are starting to level out.
When i told everyone that prices were simply too high and outrageous , most people didnt want to believe….😂😂
Just buy first copies and invest in good stocks and etf with that big sum money..
The royal oak is the tulip of watches. 3k at best.
AP losing 69% of its value! (nice)
Royal oak chrono can be found much lower than 60k so profit is not so evidnet
The market is not in a state of decline, it just went from totally insane to crazy.
I would absolutely buy a Rolex Daytona at retail. 😊
Frightening how fellow humans manage the so called " money investment " and it's not only watches that suffers from that craziness, investment is becoming a big ponzi scheme.
Market price is more than MSRP that’s NUT.
Out of curiosity, are these prices confirmed sales? Or the asking prices from the muppet boiler room secondary grey watch market dealers
You forgot to add “lollipop sucking”
Watches are not for investment, if u care about losing its monetary value more than its sentimental value, then it just simply means u cannot afford it. People who can afford it wont care about what is the monetary value after they bought it.
They haven’t lost x % of their value unless it falls below list.
Grey Mkt Dealers trading up prices between themselves....don't trust them ever.
Looks like the trends are making a several month bottom. Reasonable now
Reasonable is 20% off msrp.
@@BobbyDazzler888 hahahaha you will be wearing seiko still then I’m afraid
Very informative...and predictable. Given the state of the economy...I predict another 40-50% drop in popular model prices before one of two things happen. One, the market stabilizes and turns around...or two...world war and you'll be lucky if your Daytona buys you a loaf of bread.
I've been warning about this on other watch channels, but they were in denial and maybe still in denial, but yes I predict there are some large watch makers that actually may go bust in the next couple of years.
Whatever it was before covid is exactly where its going. Allow it to trickle through the artificial market
@@BobbyDazzler888 ...it's going well below pre-covid levels. It's going to take a decade to clear out all the accumulated debt.
They choose to dump them and take a loss rather than maintaining them. I asked how much would it cost me to maintain a $15K Rolex. The answer was $3K every 5-7 years.
Not true, all watch brands will tell u 5-7 years but the ave for time only watches is around 650usd...for Chronos ave is 850usd...for the haute horology pieces they're higher due to the complications. But 5-7 yrs for Rolex and Omega doesn't hold true. These pieces just keep going. Don't fix it if it ain't broke.
For other more refined movements they do require more frequent servicing and the 5yr ave is accurate...
Cool ❤
1 month later, the 16202st is now $71k - another 10k drop in a month!
This is why when all this watch snobs say "buying this insanely expensive watches is an investment" i call em BS. Watch is NOT an investment, period.
Better buy a nice casio and a little gold ingot that you can afford with the rest......
Im so worried about dropping values on apple watches😊
by Casio g shok
2025 prediction. 99% of used Rolex models will be below retail.
Wow good time for middle class to buy
Who else would buy a Rolex ?
As they should
@@JJ-pe1wyfacts😂
@@asmikhan2822Rolex is for low middle class
This is a drop from a peak of temporary insanity. To normal buyers (not speculators) this is irrelevant.
boy I wish I lost money like that from the retail prices give me a break
Why is Vacheron not in the list? It's part of the holy trinity.
wait ... these guys will sell on discount in a year or 2 ..
Wait is wise
Never ever buy above retail. It’s a mugs game. Besides, wouldn’t you rather a brand new watch from retailer than to have to deal with the angst of whether there are any issues with your used watch? I get taking the “risk” when you’re buying on the secondary market and paying way below retail - no issue there - but paying above retail? Nah, not for me
As someone with some watches, I hope they fall to the point of bringing back an enjoyable honest retail experience.
The prices of two years ago are unrealistically high, historically speaking.
So using that as a benchmark price to assess the depreciation today is a bit of sensationalism.
Secondly, for the non-complication models to have dropped so little when their chronographs have dropped so much just means that their respective price gaps are not realistic - the non-complication models will have to fall further in price (a likely scenario IMO) and in fact even the chronographs (e.g. PP's annual calendar chronograph) will have at least another 10-15% depreciation; ditto those of AP.
I reckon the Omega Speedmaster Snoopy could have as much as another 40% to fall.
Meantime, Omega's perrenial rival, Rolex, have always been over-valued relative to Omega. Fans would always claim it deserves its premium over its Omega equivalent. But even if that were the case, its premium over Omega has always been too big so expect Rolexes to fall further across the board.
Surprisingly, the Rolex Daytona's current price is the least over-priced compared to the historical evolution of its price. I expect that the Daytona will have little room for a price fall at its current price.
To put all of the above in perspective, with all these recent depreciation of various models across various brands, the end result is less price dispersion across the premium/high-end watch universe. This is as it should be as the last few years have seen the top-end models of premium watches running ahead of themselves. So some collapse in price dispersion is just what the doctor ordered.
What insanity! That $261k could have bought a nice home in many parts of the world.
Still didnt understand. If the same watch is still under production, why would you buy a second hand one at much higher price? May be the only answer is that watch makers will never sell you the new one even under production and you will have to buy a second hand if you like the watch so much. That;s pure market manipulation.
It is - that's how it works.
The 'retailers' shops only have watches that are for 'display' and you may or may not want to line up for a watch which could take a year or so.
If you want it right away - you go to the grey market (which is probably where the manufacturers are dumping their watches).
Who, apart from the late Charles Schultz, would spend more than $20 on a Snoopy watch, with the huge choice of classy Omegas available? Presumably for flipping only.
The same individuals that paid 30k over MSRP on vehicles two years ago .
How the F can people pay up huge amounts more than retail for a second hand watch that is still in production. Just order one, go on a wait list and …..
Snoopy is no longer in production, not that it matters now but it will at some point.
But then they’ll have another Snoopy.