Post by: theseira on November 30, 2015, 08:29:26 AM
(http://images.tapatalk-cdn.com/15/11/29/afe1180809e43d86e8e134b25fda7242.jpg)
Today November 2015 my friend ask how much for the same piece. Behold the price a whopping 81k+ ringgit.
(http://images.tapatalk-cdn.com/15/11/29/1e805af1501c072aa2996236830f6e30.jpg)
Please feel free to comment or share your real life experience.
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Post by: Frogman on November 30, 2015, 08:32:29 AM
Post by: theseira on November 30, 2015, 09:36:54 AM
Looks increase a lot..
Yea almost 30%. Even second hand going for way over the December 2013 price o.
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Post by: Everdying on November 30, 2015, 09:56:08 AM
dec 2013 - usd 1 = rm3.2.
nov 2015 - usd1 = rm4.3.
increase of 34%, not inclusive of GST.
so what should happen then if the USD somehow stabilizes next yr?
lose money? :P
Post by: theseira on November 30, 2015, 10:39:08 AM
hmm.
dec 2013 - usd 1 = rm3.2.
nov 2015 - usd1 = rm4.3.
increase of 34%, not inclusive of GST.
so what should happen then if the USD somehow stabilizes next yr?
lose money? :P
I can't say what will happen when the USD stabilizes.
All I know is based on the facts provided, it shows that if you had bought this piece in 2013 you would not lose money, you would have gained a fair bit and have a killer piece to wear and enjoy.
Keep in mind that the second hand price of this model goes from high 17k to 19k USD and have been that way for a few years. It goes very fast at high 17k USD.
PS:
I know someone lucky here in MWF paid below 63k ringgit for this piece.
Post by: sshark on November 30, 2015, 01:06:48 PM
Post by: @tsw@ on November 30, 2015, 01:40:19 PM
With the condition that her watch is in. I doubt I can even sell it for half its perceived value. :Laughing_on_floor:
However the joy that it has brought her (strapping it on). And it giving her a deeper understanding of quality watches. Now this is priceless....... because I'm not nagged that much when getting what I want.
Post by: theseira on November 30, 2015, 01:47:43 PM
Your calculations / facts are based on the retail prices were misleading. The "profit" gained from was the retail prices difference between now and then. I would consider it an investment when someone willing to buy the watch from me for more than rm63k (assuming that is the price I paid in 2013). Even then, I have not factor in the inflations and radical drop in the exchange rate. Case in point, a Sub sold in 2007 was rm17k++, the on going average selling prices were around rm15~16k a few months back. I don't have the exact transaction figures, so I take the private sellers' price as indications. I do not foresee I will make a profit this year or next, or significant profile for the next 3 years on notwithstanding sudden change in the world, nation economy or the said company welfare situation.
Interesting point on the sub. Mate regarding the Sub are you referring to 14060M? back in December 2013 I saw those going for 12-13k ringgit. not all subs are the same. Are you able to clarify?
Ok with regards to the AP 15202
Let me clarify:
As of today:
The investment in AP 15202 in 2013 for approx. 63k ringgit would have provided the investor with "a Hedge against the falling Ringgit and inflation with a solid return of 25% on investment (refer to point 3 for calcs)" it also provides the investor with the enjoyment of wearing it :)
1) a dealer I know recently sold one second hand piece for $18,500 USD - that is around 78,500 Ringgit. please note retail price from AP is around 81,000 Ringgit.
2) if you bought it in December 2013 for around 63k Ringgit you wear and enjoy it, and today you decide to cash out, it is not hard to privately sell it for above 75k ringgit right now! key word is right now.
3) For me very simple maths le - 78,500 ringgit less 63k = 15,500 ringgit profit + enjoyment of wearing the watch for almost 2 years.
We do not know what the future will be like. But for now whoever purchased this piece around 63k ringgit can cash out for a profit of at around 20+++% today.
Post by: AbbasHabshee on November 30, 2015, 01:55:53 PM
Post by: theseira on November 30, 2015, 01:56:07 PM
I think I got my wife's jumbo during mid 2013 abt rm67k after 5% rebate and without gst at that time. The retail price should have been abt rm71k. If you ask me whether there is money made investing in watches. Definitely no!
With the condition that her watch is in. I doubt I can even sell it for half its perceived value. :Laughing_on_floor:
However the joy that it has brought her (strapping it on). And it giving her a deeper understanding of quality watches. Now this is priceless....... because I'm not nagged that much when getting what I want.
Mate is yours a 15202 jumbo or what? can share some pics? if 15202 sure you can sell for above 75k ringgit man.
Post by: sshark on November 30, 2015, 03:47:36 PM
Post by: theseira on November 30, 2015, 04:10:06 PM
I am referring to Sub Date 16610. From the SG forum AP 15300, the price hovered between SG$14K to SG$15K. I do agree there are few models that retain their values or appreciate in values. Are you just going to buy those watches because they increase their holding values or because you like to wear them?
16610 now so cheap a. I might get one if its around 15k ringgit. This is value for money!!!
Yea I have a main criteria when acquiring watches. It has to satisfy both the value retention and at the same time i have to like the piece.
Still looking for a 5131 at retail price. It's impossible to find at the price. Probably be my last watch if I manage to get a good deal.
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Post by: el118 on November 30, 2015, 05:51:08 PM
Post by: kopykopy on November 30, 2015, 06:41:40 PM
I am referring to Sub Date 16610. From the SG forum AP 15300, the price hovered between SG$14K to SG$15K. I do agree there are few models that retain their values or appreciate in values. Are you just going to buy those watches because they increase their holding values or because you like to wear them?
16610 now so cheap a. I might get one if its around 15k ringgit. This is value for money!!!
Yea I have a main criteria when acquiring watches. It has to satisfy both the value retention and at the same time i have to like the piece.
Still looking for a 5131 at retail price. It's impossible to find at the price. Probably be my last watch if I manage to get a good deal.
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I think the 16610 later model with RolexRolexRolex Rehault and no lug holes may be going for RM21k - RM22k
Post by: kopykopy on November 30, 2015, 06:43:22 PM
I bought my AP 15300 at below rm30k in 2013 preowned, now i noticed mkt price cam fetch around rm42k, close to 15400 preowned. :Cheers:
Does this mean now AP price appreciation > Rolex?
Post by: nikfs1881 on November 30, 2015, 08:18:19 PM
I am referring to Sub Date 16610. From the SG forum AP 15300, the price hovered between SG$14K to SG$15K. I do agree there are few models that retain their values or appreciate in values. Are you just going to buy those watches because they increase their holding values or because you like to wear them?
16610 now so cheap a. I might get one if its around 15k ringgit. This is value for money!!!
Yea I have a main criteria when acquiring watches. It has to satisfy both the value retention and at the same time i have to like the piece.
Still looking for a 5131 at retail price. It's impossible to find at the price. Probably be my last watch if I manage to get a good deal.
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I think the 16610 later model with RolexRolexRolex Rehault and no lug holes may be going for RM21k - RM22k
Yes, there's no way one could get a good condition 16610 for rm15k....maybe 4-5 years ago, but certainly not now.... A quick check online revealed the price between the range of 18-24k for 16610 depending on whether full package or not and condition.....
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Post by: khairain on November 30, 2015, 08:38:21 PM
Post by: AbbasHabshee on December 01, 2015, 04:43:13 AM
Post by: AbbasHabshee on December 01, 2015, 04:49:41 AM
Post by: kopykopy on December 01, 2015, 04:51:00 AM
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Post by: AbbasHabshee on December 01, 2015, 04:54:01 AM
AFAIK rolex increased price on 1st April gst. 1st Oct. When was the other time?
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Rolex SubC LN was 27-29k after GST this year and now it has become to 30-35k this year also? I've been through ADs and Grey Dealers. Thats crazy man! GMT BLNR is now 40k. I remember last year was 28k
Post by: kopykopy on December 01, 2015, 04:55:44 AM
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Post by: theseira on December 01, 2015, 05:33:51 AM
Btw sshark seems like the model you mention 16610 if you bought a few months back at 15k ringgit you would been sitting on some gains today!
Suddenly watches have become an investment!
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Post by: chrisyen on December 01, 2015, 07:47:44 AM
rolex sport models
AP Ro/ROO even ROC
PP
etc
how ever i cant agree with watches as investment
only rare and vintage watches in demand is investment grade watches
u may throw in more cases like above
i will still say, ppl who buy expensive watches are frequent traveler, hence watches is internationally traded
last few mths when ringgit drop, causing watch price in ringgit rise.
so summary shd be - ringgit dropped
instead of
watches as investment
Post by: theseira on December 01, 2015, 07:50:49 AM
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Post by: sshark on December 01, 2015, 08:35:30 AM
it seems that based on today's market prices a lot of wrist watches have gone up in value.
Btw sshark seems like the model you mention 16610 if you bought a few months back at 15k ringgit you would been sitting on some gains today!
Suddenly watches have become an investment!
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Post by: theseira on December 01, 2015, 08:48:26 AM
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Post by: kopykopy on December 01, 2015, 10:24:27 AM
All ADs in Penang no stock. 5 ADs in KL no stock. 1 KL AD got 1 unit only want to sell at RM30k (so forget it). 1 last KL AD got 1 unit only sell at RM27k MRSP but i went 2 days later sold already. I put down my phone no. (no deposit) and 1.5 months later got 1 unit and he called to say you MUST come today or else tomorrrow no more already. :Laughing_on_floor:
Post by: @tsw@ on December 01, 2015, 09:00:11 PM
I think I got my wife's jumbo during mid 2013 abt rm67k after 5% rebate and without gst at that time. The retail price should have been abt rm71k. If you ask me whether there is money made investing in watches. Definitely no!
With the condition that her watch is in. I doubt I can even sell it for half its perceived value. :Laughing_on_floor:
However the joy that it has brought her (strapping it on). And it giving her a deeper understanding of quality watches. Now this is priceless....... because I'm not nagged that much when getting what I want.
Mate is yours a 15202 jumbo or what? can share some pics? if 15202 sure you can sell for above 75k ringgit man.
Well. This is one of a few pics taken when we brought her home.
(http://i1301.photobucket.com/albums/ag111/Tsw80/1010182_zpsfd4139f5.jpg)
(http://i1301.photobucket.com/albums/ag111/Tsw80/1010172_zpsa54fc2db.jpg)
She is now well worn by wifey from lots of desk diving.
I seriously doubt watches within these type of price range will gain or hedge again inflation. Even if it does, its not within our life time to reap the rewards or I'll be too old to have any use for a watch.
Post by: theseira on December 02, 2015, 04:45:46 AM
I think I got my wife's jumbo during mid 2013 abt rm67k after 5% rebate and without gst at that time. The retail price should have been abt rm71k. If you ask me whether there is money made investing in watches. Definitely no!
With the condition that her watch is in. I doubt I can even sell it for half its perceived value. :Laughing_on_floor:
However the joy that it has brought her (strapping it on). And it giving her a deeper understanding of quality watches. Now this is priceless....... because I'm not nagged that much when getting what I want.
Mate is yours a 15202 jumbo or what? can share some pics? if 15202 sure you can sell for above 75k ringgit man.
Well. This is one of a few pics taken when we brought her home.
(http://i1301.photobucket.com/albums/ag111/Tsw80/1010182_zpsfd4139f5.jpg)
(http://i1301.photobucket.com/albums/ag111/Tsw80/1010172_zpsa54fc2db.jpg)
She is now well worn by wifey from lots of desk diving.
I seriously doubt watches within these type of price range will gain or hedge again inflation. Even if it does, its not within our life time to reap the rewards or I'll be too old to have any use for a watch.
It has hedge against the fall of the ringgit, try buying the same watch now. You won't get it anywhere near ur purchase price. now second hand trading above your purchase price already, and you bought new.
What's your perceived value? If it's 80k ringgit and you wanna sell for half its value let me know ill purchase it from you by December 2015.
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Post by: AbbasHabshee on December 02, 2015, 04:52:19 AM
Post by: theseira on December 02, 2015, 04:54:10 AM
Lol sell me at 40k and i'll buy it ASAP :Laughing_on_floor:
Lol two buyers dy.
He say can't sell half the perceived value. I donno what his perceived value is.
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Post by: @tsw@ on December 02, 2015, 05:44:23 AM
Lol sell me at 40k and i'll buy it ASAP :Laughing_on_floor:
Lol two buyers dy.
He say can't sell half the perceived value. I donno what his perceived value is.
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Yeap. Spot on.
40k is what a preowed watch shop in berjaya time square offered . My colleague took up the offer.
You can look them up. I think at level 6 or 7 (where all the preowed watch shops are).
It was not too long back. I'm pretty sure the watch is still there.
You can pm me for the shop name.
Post by: theseira on December 02, 2015, 05:47:05 AM
Lol sell me at 40k and i'll buy it ASAP :Laughing_on_floor:
Lol two buyers dy.
He say can't sell half the perceived value. I donno what his perceived value is.
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Yeap. Spot on.
40k is what a preowed watch shop in berjaya time square offered . My colleague took up the offer.
You can look them up. I think at level 6 or 7 (where all the preowed watch shops are).
It was not too long back. I'm pretty sure the watch is still there.
You can pm me for the shop name.
Thanks PM send! Hope I can get it at that price.
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Post by: @tsw@ on December 02, 2015, 06:07:44 AM
Money gained from sales is definitely not a gain when you are purchasing your next piece because price has already gone up for the other piece as well.
When i think about hedging and profitting, watches does not do it. There is no substantial gain from watches in this range. Unlike properties (during the boom time), it was virtually a 1 to 1 gain.
Example. With 40k downpayment for a 400k condo, you could sell at 600k upon completion. After deducting all expenses, 40k makes you at least 150k from the sales.
With 40k watch, three years down the line with malaysian ringgit still in free fall. I doubt you can sell for even 60k.
To each his own thoughts on money management.
Post by: CKL1213 on December 02, 2015, 07:40:26 AM
till the day you finally decided to buy, then you started to think back, I should have bought it 2 years ago
I'm suffering now due to my wait and see approach
Post by: JJTan on December 02, 2015, 08:26:34 AM
I bought my 16610 at Hourglass KLCC in 2002 for RM13k. If its worth RM18k then i would have gained close to 40% to offset ur 'Shringgit'. I suppose it's safe to say i gained wrist time this last 13 years.I am referring to Sub Date 16610. From the SG forum AP 15300, the price hovered between SG$14K to SG$15K. I do agree there are few models that retain their values or appreciate in values. Are you just going to buy those watches because they increase their holding values or because you like to wear them?
16610 now so cheap a. I might get one if its around 15k ringgit. This is value for money!!!
Yea I have a main criteria when acquiring watches. It has to satisfy both the value retention and at the same time i have to like the piece.
Still looking for a 5131 at retail price. It's impossible to find at the price. Probably be my last watch if I manage to get a good deal.
Sent from my iPhone using Tapatalk
I think the 16610 later model with RolexRolexRolex Rehault and no lug holes may be going for RM21k - RM22k
Yes, there's no way one could get a good condition 16610 for rm15k....maybe 4-5 years ago, but certainly not now.... A quick check online revealed the price between the range of 18-24k for 16610 depending on whether full package or not and condition.....
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Post by: theseira on December 02, 2015, 08:31:38 AM
I bought my 16610 at Hourglass KLCC in 2002 for RM13k. If its worth RM18k then i would have gained close to 40% to offset ur 'Shringgit'. I suppose it's safe to say i gained wrist time this last 13 years.I am referring to Sub Date 16610. From the SG forum AP 15300, the price hovered between SG$14K to SG$15K. I do agree there are few models that retain their values or appreciate in values. Are you just going to buy those watches because they increase their holding values or because you like to wear them?
16610 now so cheap a. I might get one if its around 15k ringgit. This is value for money!!!
Yea I have a main criteria when acquiring watches. It has to satisfy both the value retention and at the same time i have to like the piece.
Still looking for a 5131 at retail price. It's impossible to find at the price. Probably be my last watch if I manage to get a good deal.
Sent from my iPhone using Tapatalk
I think the 16610 later model with RolexRolexRolex Rehault and no lug holes may be going for RM21k - RM22k
Yes, there's no way one could get a good condition 16610 for rm15k....maybe 4-5 years ago, but certainly not now.... A quick check online revealed the price between the range of 18-24k for 16610 depending on whether full package or not and condition.....
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Sshark mention it is 15-16k ringgit. That's why I say I sure buy if 15k ringgit. Sshark can you please clarify?
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Post by: @tsw@ on December 02, 2015, 09:25:38 AM
PLol sell me at 40k and i'll buy it ASAP :Laughing_on_floor:
Lol two buyers dy.
He say can't sell half the perceived value. I donno what his perceived value is.
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Yeap. Spot on.
40k is what a preowed watch shop in berjaya time square offered . My colleague took up the offer.
You can look them up. I think at level 6 or 7 (where all the preowed watch shops are).
It was not too long back. I'm pretty sure the watch is still there.
You can pm me for the shop name.
Thanks PM send! Hope I can get it at that price.
Sent from my iPhone using Tapatalk
Yes. Seira.
I was not thinking clearing.
My colleague was selling to them and not buying from them.
I misunderstood your sentence. :HammerHead: :HammerHead:
However. Can be verified. Bought abt same time in 2013, but his was from Singapore and should be slightly cheaper. But sold at 70% of its original price. But if compared to the current perceived value, then abt half price.
And sorry again for the misleading statement. I was not thinking correct
Post by: @tsw@ on December 02, 2015, 09:33:33 AM
It has got to do with the free falling ringgit.
Post by: theseira on December 02, 2015, 11:26:14 AM
Dealers offer me 63k ringgit for my PP5711 le, that's like a slap in the face lol. Highest offer I got was 17k USD from dealer. But they manage to sell it for 22k USD-24k USD. Personally if I sell it myself in SG I could fetch over SGD 30k no problem.
When you sell to dealer there is a very high chance that you will lose a lot of money.
Post by: sshark on December 02, 2015, 11:36:04 AM
I bought my 16610 at Hourglass KLCC in 2002 for RM13k. If its worth RM18k then i would have gained close to 40% to offset ur 'Shringgit'. I suppose it's safe to say i gained wrist time this last 13 years.I am referring to Sub Date 16610. From the SG forum AP 15300, the price hovered between SG$14K to SG$15K. I do agree there are few models that retain their values or appreciate in values. Are you just going to buy those watches because they increase their holding values or because you like to wear them?
16610 now so cheap a. I might get one if its around 15k ringgit. This is value for money!!!
Yea I have a main criteria when acquiring watches. It has to satisfy both the value retention and at the same time i have to like the piece.
Still looking for a 5131 at retail price. It's impossible to find at the price. Probably be my last watch if I manage to get a good deal.
Sent from my iPhone using Tapatalk
I think the 16610 later model with RolexRolexRolex Rehault and no lug holes may be going for RM21k - RM22k
Yes, there's no way one could get a good condition 16610 for rm15k....maybe 4-5 years ago, but certainly not now.... A quick check online revealed the price between the range of 18-24k for 16610 depending on whether full package or not and condition.....
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Sshark mention it is 15-16k ringgit. That's why I say I sure buy if 15k ringgit. Sshark can you please clarify?
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Post by: chrisyen on December 03, 2015, 12:50:37 PM
Or maybe watches r a good currency hedge? At a certain point in time?
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rolex sport watches - sub/gmt .... YES, history proven it !
Post by: AbbasHabshee on December 03, 2015, 02:18:48 PM
if you sell to dealer sure they offer very low le. How to lose money if they buy 15202 for 40k ringgit that's a steal. To illustrate based on experience:
Dealers offer me 63k ringgit for my PP5711 le, that's like a slap in the face lol. Highest offer I got was 17k USD from dealer. But they manage to sell it for 22k USD-24k USD. Personally if I sell it myself in SG I could fetch over SGD 30k no problem.
When you sell to dealer there is a very high chance that you will lose a lot of money.
Out of topic but what's the damage for PP5711 in the current market and what's the damage when you bought it? ;)
Post by: theseira on December 03, 2015, 02:39:09 PM
if you sell to dealer sure they offer very low le. How to lose money if they buy 15202 for 40k ringgit that's a steal. To illustrate based on experience:
Dealers offer me 63k ringgit for my PP5711 le, that's like a slap in the face lol. Highest offer I got was 17k USD from dealer. But they manage to sell it for 22k USD-24k USD. Personally if I sell it myself in SG I could fetch over SGD 30k no problem.
When you sell to dealer there is a very high chance that you will lose a lot of money.
Out of topic but what's the damage for PP5711 in the current market and what's the damage when you bought it? ;)
Paid 26,000 SGD for mine placed the order and locked in the price in 2013 and it was BNIB and my name on papers came with a patek tie also.
Market value depends whether you wanna quick sell it or not we talking second hand pieces:
If want quick sell advertise 20k USD it will go very fast.
Moderate around 23K+ USD should be obtainable (private sale).
Lots of dealers advertising the piece for around 24K+ USD which is crazy. Slow to move but eventually I see it get sold with minimum discount.
List price is 21900 swiss francs.
Post by: theseira on December 03, 2015, 02:43:45 PM
PLol sell me at 40k and i'll buy it ASAP :Laughing_on_floor:
Lol two buyers dy.
He say can't sell half the perceived value. I donno what his perceived value is.
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Yeap. Spot on.
40k is what a preowed watch shop in berjaya time square offered . My colleague took up the offer.
You can look them up. I think at level 6 or 7 (where all the preowed watch shops are).
It was not too long back. I'm pretty sure the watch is still there.
You can pm me for the shop name.
Thanks PM send! Hope I can get it at that price.
Sent from my iPhone using Tapatalk
Yes. Seira.
I was not thinking clearing.
My colleague was selling to them and not buying from them.
I misunderstood your sentence. :HammerHead: :HammerHead:
However. Can be verified. Bought abt same time in 2013, but his was from Singapore and should be slightly cheaper. But sold at 70% of its original price. But if compared to the current perceived value, then abt half price.
And sorry again for the misleading statement. I was not thinking correct
Ok TSW
I have my dealer friend spoke to the dealer you mentioned to me from Times Square the one your friend sold the 15202 to? If he sold 40k ringgit I don't know what to say lol. Ok that dealer you mentioned from times square he quote the 15202 AP:
------> 110K Ringgit <-------
Whooping man!
Post by: @tsw@ on December 03, 2015, 03:13:02 PM
In this case the jumbo is costing more then the pp5711. How can that be?
Post by: theseira on December 03, 2015, 03:22:37 PM
Wtf. Happened less then 3 months ago.
In this case the jumbo is costing more then the pp5711. How can that be?
Well based on retail I found the following:
the retail price of AP15202 is $22500 USD?
PP5711 retail price last I checked was 21900 CHF. 1 USD = 1.02 CHF.
Post by: @tsw@ on December 03, 2015, 03:37:13 PM
How times have changed
Post by: el118 on December 03, 2015, 07:20:40 PM
Post by: theseira on December 03, 2015, 08:10:58 PM
Somethng not rite, i last asked AP boutique two mths back, 15202 steel retail 80++k, cant be 100k now
110k is not official price it's the price the dealer in Times Square sell for.
Retail is around 81k ringgit from AP boutique.
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Post by: theseira on December 03, 2015, 08:13:07 PM
Wow. Two years ago. The ap was sold at a slightly lower price then the pp.
How times have changed
Yea but the problem is that is difficult to source the 5711 at retail price.
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Post by: el118 on December 03, 2015, 08:46:43 PM
Somethng not rite, i last asked AP boutique two mths back, 15202 steel retail 80++k, cant be 100k now
110k is not official price it's the price the dealer in Times Square sell for.
Retail is around 81k ringgit from AP boutique.
That is crazy, he cant be serious , no such mkt price for preowned jumbo
Post by: theseira on December 04, 2015, 04:46:00 AM
Somethng not rite, i last asked AP boutique two mths back, 15202 steel retail 80++k, cant be 100k now
110k is not official price it's the price the dealer in Times Square sell for.
Retail is around 81k ringgit from AP boutique.
That is crazy, he cant be serious , no such mkt price for preowned jumbo
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We ask him this question.
Got 15202 AP for sale or not? Heard you selling for 40k ringgit.
Then he say no stock but I can get it for you for 110k ringgit.
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Post by: nikfs1881 on December 04, 2015, 04:55:36 AM
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Post by: keanewoon on December 06, 2015, 07:17:40 PM
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Post by: arcsaber7 on December 06, 2015, 07:46:14 PM
A bit of debate when the title is "watches as investment" but when u change the title to "popular watches that has good demand for hedging against weak local currency or inflation" will get everyone to agree. Hehe
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Yup ! Agreed with your opinion.
Post by: sshark on December 06, 2015, 08:31:20 PM
A bit of debate when the title is "watches as investment" but when u change the title to "popular watches that has good demand for hedging against weak local currency or inflation" will get everyone to agree. Hehe
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Post by: theseira on December 07, 2015, 11:07:57 AM
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Post by: sshark on December 07, 2015, 12:15:20 PM
Post by: theseira on December 07, 2015, 12:51:43 PM
Can. You can start buying other available models first and they will make friend with you and put you in their A-list. :)
Who is they!?
And buy from where?
Sounds like a simple task but some ppl did that and still don't have their 5131.
Also I noticed that the 175 anniversary pieces are all trading above retail and the 5711p as well trading above retail.
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Post by: el118 on December 07, 2015, 01:06:08 PM
As compared to if you wanna sell a Rolex Sub which there are a wide range of available buyers and the risk to buyer is relatively low.
Post by: sshark on December 07, 2015, 02:11:05 PM
Can. You can start buying other available models first and they will make friend with you and put you in their A-list. :)
Who is they!?
And buy from where?
Sounds like a simple task but some ppl did that and still don't have their 5131.
Also I noticed that the 175 anniversary pieces are all trading above retail and the 5711p as well trading above retail.
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Post by: theseira on December 07, 2015, 02:16:36 PM
You are taking it way too seriously than I intend to :) Well you started this post to show that AP or other watches or just AP alone make profits. you show your facts, I disagree. let's agree with disagree. if it makes money for you, continue with what u r doing. this is getting nowhere for me, i am checking out from here.Can. You can start buying other available models first and they will make friend with you and put you in their A-list. :)
Who is they!?
And buy from where?
Sounds like a simple task but some ppl did that and still don't have their 5131.
Also I noticed that the 175 anniversary pieces are all trading above retail and the 5711p as well trading above retail.
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No worries it's all good. At Least I provided facts. Rather then "simply" commenting.
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Post by: @tsw@ on December 07, 2015, 03:25:35 PM
It is a known fact to get that worldtimer direct form boutique, the number of other pateks' that you need to purchase inorder to be able to be even considered for it is crazy. Will the other pateks make you a profit (in order to get to the worldtimer)... I doubt so.
Considering all in all. It's not a good trade off.
And please remember... Not everyone is as fortunate as you.
This thread should be ended as such.
Post by: nikfs1881 on December 07, 2015, 06:40:39 PM
Theseira.....
It is a known fact to get that worldtimer direct form boutique, the number of other pateks' that you need to purchase inorder to be able to be even considered for it is crazy. Will the other pateks make you a profit (in order to get to the worldtimer)... I doubt so.
Considering all in all. It's not a good trade off.
And please remember... Not everyone is as fortunate as you.
This thread should be ended as such.
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Post by: CKL1213 on December 08, 2015, 08:15:59 AM
Rolex - got money - can buy - depends on stocks availability
Patek - got money - cannot buy - need to earn your Patek level / status / friendship etc first then only Mr Stern to decide whether to sell to you or not.
I heard people wait for years just to buy Patek.
Post by: reventon on December 21, 2015, 04:52:12 PM
Or maybe watches r a good currency hedge? At a certain point in time?
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Pre owned watches fetching better value today as well ? For sure new imported BNIB stuff are getting price increase. Not sure for pre loved item. ???
Post by: theseira on August 03, 2016, 07:35:53 AM
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Post by: Jedirat on August 03, 2016, 08:20:09 AM
Got another example get a Rolex Daytona SS ceramic at list price. Instant profit at this point in time.
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Haha...bro, don't tell me you are going to sell your newly acquired Daytona SS Ceramic...
Post by: theseira on August 03, 2016, 09:03:53 AM
Got another example get a Rolex Daytona SS ceramic at list price. Instant profit at this point in time.
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Haha...bro, don't tell me you are going to sell your newly acquired Daytona SS Ceramic...
Not going to sell. I love daytonas more than money.
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Post by: Jedirat on August 03, 2016, 09:06:57 AM
Got another example get a Rolex Daytona SS ceramic at list price. Instant profit at this point in time.
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Haha...bro, don't tell me you are going to sell your newly acquired Daytona SS Ceramic...
Not going to sell. I love daytonas more than money.
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:Cheers:
Post by: D'Andy on August 09, 2016, 09:00:48 AM
Case in point was like the Sea-DwellerC/SD4000. After it's launch in Basel 2014, it's RRP was USD10,400 but there were so many buyers that all the hype caused it to sell at a premium. The other day, when I was at Pavillion, the SA told me that it was selling at RM38k these days and he only had 1 piece so no discounts; but he shared that it was still a good deal compared to 1+ year ago when the grey retailers were selling higher than the RRP and even the official ADs could not get stock as fast as they wanted. But he did cautioned that if the Forex continued to go downhill, there could be further revisions in future.
This would meant that your DaytonaC's price could be pushed higher still in the near future. Anyway, prices aside, I think that it's a highly-collectible piece :thumbsup:
Post by: adamjohari on August 09, 2016, 09:20:10 AM
The forces of demand and supply still hold true. If you guys see a second hand AP 15202 going for a high price, don't purchase it. The price will drop. If you're willing to part with your money for a premium, then by all means. But honestly, don't buy a watch thinking it's an investment.
Post by: D'Andy on August 09, 2016, 09:27:50 AM
Post by: Jedirat on August 09, 2016, 09:54:09 AM
Post by: adamjohari on August 09, 2016, 09:56:52 AM
Yesssss. The price will drop. Give it time ;D
Post by: theseira on August 09, 2016, 12:54:27 PM
Look at the DaytonaC long enough, like how you look at a beautiful woman, and you'll lose interest. Haha. So many writings on the dial, the rings instead of full colored circles, the excessive cluttered-ness overall....
Yesssss. The price will drop. Give it time ;D
Yeah I think once the supply meets demand the price will stabilise. However I don't know how long this is going to take. I don't think the insane premium at this point in time is sustainable.
For those who paid big premium my guess is they would lose money. Also DavidSW just sold one for 18.5k USD.
But if you bought as the right price you should be OK.
Also spoke to the AD I got it from, he mentioned that rolex requires the warranty card to be filled out immediately on the day they receive stock to avoid resale. At the time of pick up the AD also tried to remove all the stickers for me, I told him to leave that to me!
Post by: D'Andy on August 09, 2016, 03:59:28 PM
Also spoke to the AD I got it from, he mentioned that rolex requires the warranty card to be filled out immediately on the day they receive stock to avoid resale. At the time of pick up the AD also tried to remove all the stickers for me, I told him to leave that to me!
That seems to be the new practise. My colleagues and I recently visited an AD and they were poisoned (hehe, guess by whom?) to get a piece each. The AD informed that the stickers were now removed in-situ to prevent grey resellers. We pointed out that we were not resellers and he obliged to leaving the stickers to be removed by ourselves.
Post by: theseira on August 11, 2016, 07:18:50 AM
Also spoke to the AD I got it from, he mentioned that rolex requires the warranty card to be filled out immediately on the day they receive stock to avoid resale. At the time of pick up the AD also tried to remove all the stickers for me, I told him to leave that to me!
That seems to be the new practise. My colleagues and I recently visited an AD and they were poisoned (hehe, guess by whom?) to get a piece each. The AD informed that the stickers were now removed in-situ to prevent grey resellers. We pointed out that we were not resellers and he obliged to leaving the stickers to be removed by ourselves.
:o :o :o :o
So when delivery