Watches - another OCD problem

Rolex are shutting down production for the next ten days, so you're even more stuffed if you want one of their watches…

https://www.hodinkee.com/articles/rolex-closes-swiss-factories-amid-coronavirus-pandemic

I've been hoping there's less demand, not more. Still on the waiting list….

Graeme

@Snowy I hope that Rolex find you a watch. It does strike me as strange that a company that produces around an estimated million pieces a year can't seem to supply enough stock.

Demand for watches has fallen, so maybe you'll be lucky.

Snowy

i also fell out of my dealer's good graces when I stopped purchasing, :D.

louisbosco

@Snowy:

@Graeme:

Rolex are shutting down production for the next ten days, so you're even more stuffed if you want one of their watches…

https://www.hodinkee.com/articles/rolex-closes-swiss-factories-amid-coronavirus-pandemic

I've been hoping there's less demand, not more. Still on the waiting list….

maybe the secondary market might crash a little..

JDelage

I've been wondering about exactly the same thing.

Graeme

I think that a lot of things have been in a financial bubble for the last ten years, be it property, shares, classic cars, and some watches. Money from QE has flowed in, and driven up prices.

I suspect that a lot of bulletproof investments will be tanking in the near future, and the grey market prices of Daytonas will be one of them.

louisbosco

rolex will always be deemed a "safe haven" in terms of luxury watches or investments to some. i don't see the prices for the secondary market going below retail but it sure as hell would not be 2x its retail value as it is now for new models.

Manticore

Took the opportunity recently to pick up my first Spring Drive - SNR031. It's definitely beauty AND the beast but very wearable given the titanium case.

Regarding Rolex, I know several folks who've had their US dealers contact them about previously unobtainium steel models coming in due to a re-direction of some units from China/HK.

Graeme

@Manticore nice Seiko!

Maybe I should put in an order for a steel Daytona whilst the going is good. That is, if I can find a dealer who's not been shut down due to Covid-19!

On the expensive chronograph front, Audemars Piguet have just announced the [Re]master01 Selfwinding Chronograph.

What is it with AP and pretentious names?

More at Hodinkee and Monochrome.

Snowy

@Graeme LMK if you can find any dealers with a Sub No Date in stock, I'm game. Even if it's put aside for the next few weeks. I'm coming up around a year on a wait list…

Graeme

@Snowy I'm in regional Victoria, so no Rolex stores around here.

Snowy

All good.

DougNg

Not really a great time to be asking, everything is closed. A couple weeks ago I could have asked my AD.

Graeme

I thought that there might have been a dealer somewhere out here in the sticks, but the nearest Rolex stockists are in Melbourne and Canberra. Omega are similar.

I'm surprised by that.

There are rumours of a new Submariner, but that might be wistful thinking. Rolex haven't made any announcements about new models, which were due to be announced in a month or so.

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Watches - another OCD problem