Malaysia Watch Forum
Main Forums => General Discussion - Modern Watches => Topic started by: shijiko_7 on August 24, 2011, 11:20:36 PM
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Not sure if it is just me but the price of current G's are getting WAY OUT OF HAND.. and it does come with a SHOCKING price..... average now is about RM300-400 for a normal one... those that are so call LIMITED.. Rm1k+.... WOW..... What do you guys think?
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(http://t2.gstatic.com/images?q=tbn:ANd9GcSRKdM2Mrdlt0z3ic7RRZSw4i2q1QtqM-O2NigSkyjTr5WZAdgV)
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I think mostly speculators lah...
Sometimes when the product is cheap, not many people will notice them. But once priced highly, skeptics will at least take another look at the watch and try to understand the value behind the price sought.
Well, for Casio G-shockers it may be a frenzy rush to get one off the shelves, perhaps?
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I think mostly speculators lah...
Sometimes when the product is cheap, not many people will notice them. But once priced highly, skeptics will at least take another look at the watch and try to understand the value behind the price sought.
Well, for Casio G-shockers it may be a frenzy rush to get one off the shelves, perhaps?
I don't think you understand the concept of price as opposed to value, let alone the standalone definition of value.
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Demand and supply??
High dd low ss = high price / seller commanding price...
value = high expectations whether sentimental value , perceived value = willing to part high bucks for it even a basic casio?
luxury goods not price elastic
hm...maybe I got my concepts wrong....
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I'll break it down for you, Tonto.
I think mostly speculators lah...
Speculation assumes a reasonable liquidity of the market, especially the intertemporal price retention in the used goods market. I don't think you can buy a G-shock and expect the sale price to remain, or to be even more ridiculous, increase in the secondary markets.
If the batch size is >100, I wouldn't call it limited edition, no matter how you cut it.
I will retract and apologise once Ah Long accepts G-Shocks as collateral/payment.
Sometimes when the product is cheap, not many people will notice them. But once priced highly, skeptics will at least take another look at the watch and try to understand the value behind the price sought.
This is a commingling of anchoring bias and ignorance in plurality, not a function of the Marshallian S-D laws. In layman's term, it is a flaw of Man to be irrationally curious about that which does not seem rational - this is particularly so with regards to overpricing.* This market niche is a marketer's wet dreams, where maximal consumer surplus can be extracted. It's elegant because it doesn't have to make sense.
*Overpricing does not necessarily denote hidden intrinsic value. On the flipside, absolute underpricing almost always suggest the existence value.
A friend of mine thinks AAPL is going to hit $400. If he follows the sheep's market and has timing to offload at that peak, then he is likely to make a quick 15%. I, on the other hand, think the company is already overvalued by the decreasing 30-year T-bill yields alone, and for the share to be valued fairly at $400, they need to sell twice as much iPhone5s/Ipads/Ipods.
Get the analogy?
Well, for Casio G-shockers it may be a frenzy rush to get one off the shelves, perhaps?
This, however, is Marshallian - an obvious disconnect from your above paragraph.
value = high expectations whether sentimental value , perceived value = willing to part high bucks for it even a basic casio?
luxury goods not price elastic
To succintly quote Buffett:
Price is what you pay, value is what you get.
Ya, I know luxury goods, in economics parlance, have inelastic demand. That is a general assertion. But we don't know that, you see. We don't know if Casio and retailers are actually profitting from increased prices, or simply responding to production undercapacity.
Otherwise, Casio simply has an army of diehard G-shock fanatics. It's all just supply and demand. Rational or not, that's a different story.
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hm...interesting definitions :thumbsup:
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To complex for me :o
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Chim-glish :Laughing_on_floor:
My apology for my lack of reverence, but despite all odds againts me, could you do me an exceptional favor and reciprocrate the stratospheric message you just delivered?
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Chim-glish :Laughing_on_floor:
My apology for my lack of reverence, but despite all odds againts me, could you do me an exceptional favor and reciprocrate the stratospheric message you just delivered?
I made notes for laypersons like you in my post
If you still need to be spoonfed with visual information, refer to post #2. :Dancing_banana:
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Wow, I am impress with all the financial jargon, and pardon me for my inklish, is there a layman explanation? cause I am interested to know the rational behind the explanation...
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Wow, I am impress with all the financial jargon, and pardon me for my inklish, is there a layman explanation? cause I am interested to know the rational behind the explanation...
It's simply supply and demand - price reflects what the market is willing to bear; the market ignores if the reason behind supply or demand is rational or not.
Some people believe G-shocks are cool and collectible, and therefore willing to pay the prevalent market prices. Some may not see it quite the same way (like myself - beyond a certain pricepoint for a watch that is meant for its purpose, I'd be looking at a polar or a suunto).
The economic wheel keeps on turning, regardless.
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Brolex..I like your explanation
BTW..luxury goods like certain types of watches also show Veblen characteristics. They have positive price elasticity of demand or in other words quantity demanded for those watches will go up when price is higher
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To complex for me :o
You should be more qualified to comment about market psychology, as it is a result of the cognition of human biases.
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Brolex..I like your explanation
BTW..luxury goods like certain types of watches also show Veblen characteristics. They have positive price elasticity of demand or in other words quantity demanded for those watches will go up when price is higher
Without a doubt. As long as people don't overcompensate their need for status-seeking with hyperbolic superlatives like "XXX watches are tougher, more accurate, more resale value..." then it's all good.
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Ya, very Shock to see G-shiok price nowadays.
Still got one G-shock left after last round of housekeeping.
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Wow, I am impress with all the financial jargon, and pardon me for my inklish, is there a layman explanation? cause I am interested to know the rational behind the explanation...
It's simply supply and demand - price reflects what the market is willing to bear; the market ignores if the reason behind supply or demand is rational or not.
Some people believe G-shocks are cool and collectible, and therefore willing to pay the prevalent market prices. Some may not see it quite the same way (like myself - beyond a certain pricepoint for a watch that is meant for its purpose, I'd be looking at a polar or a suunto).
The economic wheel keeps on turning, regardless.
sounds like a study on the SS Daytona pricing to me.....
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sounds like a study on the SS Daytona pricing to me.....
With two distinctions:
- I think price of a brand new Daytona are disgusting, but it has a developed secondhand market.
- A person who can afford a daytona is not likely to complain about their price :Startled:
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Wow, I am impress with all the financial jargon, and pardon me for my inklish, is there a layman explanation? cause I am interested to know the rational behind the explanation...
It's simply supply and demand - price reflects what the market is willing to bear; the market ignores if the reason behind supply or demand is rational or not.
Some people believe G-shocks are cool and collectible, and therefore willing to pay the prevalent market prices. Some may not see it quite the same way (like myself - beyond a certain pricepoint for a watch that is meant for its purpose, I'd be looking at a polar or a suunto).
The economic wheel keeps on turning, regardless.
yup, nailed the spot correctly...
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sounds like a study on the SS Daytona pricing to me.....
With two distinctions:
- I think price of a brand new Daytona are disgusting, but it has a developed secondhand market.
- A person who can afford a daytona is not likely to complain about their price :Startled:
1. only the brand new SS prices are disgusting. the two-tone and full gold models seem alright at about the same as the other models.
2. hmm.. i suppose that's another nail on the head.. :Cheers:
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sounds like a study on the SS Daytona pricing to me.....
With two distinctions:
- I think price of a brand new Daytona are disgusting, but it has a developed secondhand market.
- A person who can afford a daytona is not likely to complain about their price :Startled:
+1 for the second input from brolex. :thumbsup:
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I think Casio is trying to create a trend similar to Swatch watches. Plenty of varieties and with each varieties it will increase its prices. Maybe by pricing it higher it achieves some "exclusiveness" in the pool of G-shockers collectors.
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fuh...The impact of Economy in Horology Class 101.....hehehe......
so complicated....
my world is simpler, look at one watch, like it, check out price...if ok then buy....if not drool over it....and continue fantasizing till i can afford it....DOnt mind expensive G if it is worth it like the G1200....In fact i really hope the G is a bit more expensive than now as it will give more sense buying the real G then the G at pasar malam...
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hahaha.... that's what most "commoners" would rationalize..
But the G celup is pretty good faking the real thing.One glance tot is the real thing, but when see harga murah...ha..celup..
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Wow... thanks to all the BROs which really dig into the econ area.. supply and demand area.. and all those....
Honestly what i see, a year ago, the price of GX is only reaching 400.. but now.. it is 500-600... one so call normal DW with some changes in strap and collabo with someone.. cost about RM600> ...
Basically to me. right now.. getting a g shock is like getting an entry level Seiko now.. not comparing those 2 directly ..
Just that those shop should start to re-consider the pricing.. due to overstock d... and sell those with acceptable price...
I do understand that Frogman - with the ability for diving and titanium and all.. will cost 800 and above.. but those collabo series?? too hyped i would say....
just my 2 cents .. i do agree with Bro Mnazri on his theory.. If i can afford it.. i will get it.. and if not.. drool over it... for myself.. i have a range of price for everything in my mind before i buy it. .if it is over.. then sorry... :)
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likewise, I have this concept myself too.... never had it, never miss it now...don't need it then, don't need now...
So why get all anxieties over it...life's too short to get all excited about it, there's many more things we need to do in our life...so little time...go out and play.... ;D