EinPA
[WPSPatron]
5484
Sadly
Really supply and demand. Journe got hyped up. Then Private Equity, Silicon Valley and Wall street guys decided that the Royal Oak offshores they had were no longer expensive enough and away we go. Add to this that Klymer and others decided to hype independents. Reminds me of the modern art market. Similar dynamics. Too much money in the system.
What’s happening??
I don’t check too many prices since I’m a recovering watch addict 😏 But I was looking at FPJ prices and it’s out of this world for a simple watch in the 2nd market. Anyone can tell me why ?
Sadly
Really supply and demand. Journe got hyped up. Then Private Equity, Silicon Valley and Wall street guys decided that the Royal Oak offshores they had were no longer expensive enough and away we go. Add to this that Klymer and others decided to hype indepe...
Couldn't have said it better.
Independents are now essentially what stainless steel sports watches were in the late 2010s and early 2020s.
I do want to be careful here
For the most part this is NOT a criticism of watchmakers. They are not driving pricing. It’s the demand side. If the maker sold it for 15k with a 5 yr wait list and 150k in the grey market, you are rewarding the first guy in line who flips and not the mak...
I totally understand.
I meant that the social media hype machine has now shifted to independent watchmakers ever since the people you have mentioned started to get bored of AP and Rolex. However, we have to acknowledge that quite a few watchmakers have significantly increased ...
That is also very true
Some prices are going wild. Looking at you ALS, retail prices are pretty crazy while used market usually is down
Very true
I remember when I got my CB. I just strolled in and it was available. Good times
Prices are def being driven up.
Perhaps Zuckerberg’s new watch obsession isn’t helping. Now all tech brow are getting into watches. But in reality the rarity and genius of Journe is catching up. IMHO of course.
Probably…
But started before him. I think it got really bad during the hype of two companies that I don’t want to name 😆
It's just dumb IMO
But supply and demand will do what they do Journes are nice, but they aren't *that* special -- at least most of them -- but they are relatively rare So when conspicuous consumption and tacit bragging rights are coin of the watch realm, rarity is key Hence...
The only question I’m asking myself constantly when this brand comes to mind:
If one didn’t like it when it was $40K, what make one like it at $200K???
The same can be asked about several other overvalued brands today.
Limit production and distribution, raise prices and they will come...🙄
WELL... remember back in the early 1990s when we wished more people loved timepieces / horology....
....we got what we wished for.
Truedat, my friend 🥂
I've been in this game for almost 30 years and I can definitely see a huge uptick in interest in fine watches and horology in the last six to eight years....yes....even before Covid.
Exactly! The big Dot Com bubble didn't really 'explode' horology like the past handful of years have.
Yes, the ultra-high end is showcasing that extreme, with years and years of waiting lists.......... tho look at the massive growth of small / niche brands: British, Asian, Japanese, Singapore.... we got what we wished for. Frankly, it's far better today t...
.....wish you were right my friend 😎
I'm currently in the year 3 of waiting and there is nothing coming from FPJ this year. Fingers crossed🤞that I will get my first allocation next year....i.e - 3+ years.