State of the Watch World End 2018 and All I Want for Christmas ;)

Wednesday 19 December 2018

State of the Watch World End 2018 and All I Want for Christmas ;)

A Paul Newman Daytona

So in the past I did wishlists for end of the year but as I haven't written about watches for a time, let's have a quick look at where things are at right now.

Things are crazy right now!

Patek Nautilus for S$60+k (what in the hell...)
Richard Milles for silly money [the i have made it watch now for the young and rich$$$]
AP Royal Oaks (being hot as they should be)
Sports Rolex becoming more exclusive and hard to get. Super hot piece now being the GMT
Modern Tudor doing well
Vintage sports Rolex and Tudor getting hotter and hotter. Even recent pieces are going for silly money now... [Auction houses playing this up big time too]
And the rest of the brands playing catch-up

A RM

Another RM

Another RM

make it rain RMs!
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Another...
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The way many are approaching watch purchases now is to buy to flip. Set aside funds to buy and sell pieces and they might enjoy some of them for a while but most or all are not meant to be keepers, they are meant to be flipped.

It seems slightly bubble-licious but a lot of new money coming in and somehow a lot rich people popping up in China and all over buying up luxury products like it's going out of style ;) Amidst this buying frenzy all i can say is I will steer clear. I know what are reasonable decent buys right now and i'm not breaking the bank for silly premiums because of the crazy herds out there.

So my wish this year is to buy back all the watches I sold at super low prices for those same prices now! :) haha ain't gonna happen but i think it's echoed by many people who sold off what are now pieces that are going for double, triple of what they had sold them for. Have a good new year you consumerist bunch of flippers ;) [Some pix of hot pieces below]

Would you like some AP with your Nautilus sir?