Watches - another OCD problem

[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

[JDelage]

I suspect there's going to be plenty of Rolexes showing up on the secondary market…

BTW @Giles - did you ever get that Nautilus?

[Giles]

No yet and obvs it may not happen for a while now….

[Graeme]

Looks like you won't be able to get that new Patek Nautilus either! :o

https://www.revolution.watch/patek-philippe-announces-closure-of-all-manufacture-sites/

[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….

[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.

[DougNg]

I'm a little jaded by upgraded models. I was excited when I heard that they were upgrading the Omega Seamaster, and while it was a massive upgrade on paper, I still prefer the older non wave model by a significant margin.

[Snowy]

Doug, down this way it's really just getting to shut down right now. Most places I'm aware of are still open online/answering phones etc, just retail closed. Thought I may have been at the very tail end of timing it right… was worth a shot..